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  • Caterpillar: Confidential Green | 2

    Forward-Looking Statements

  • Caterpillar: Confidential Green

    Andrew Bonfield

    Andrew Bonfield is Chief Financial Officer of Caterpillar Inc. with responsibility for Finance Services, Financial Products and Global Information Services.

    Andrew joined Caterpillar on September 1, 2018 and brings more than three decades of financial expertise to the role, most recently serving as Group CFO and board member of National Grid plc, a British multinational electricity and gas utility company. Prior to National Grid, Andrew held the position of Chief Financial Officer at Cadbury plc and also served as Executive Vice President and Chief Financial Officer at Bristol Myers Squibb.

    Andrew is a chartered accountant and holds a bachelor of commerce degree from the University of Natal in Durban, South Africa.

    He serves as a non-executive director and Chairman of the Audit Committee at Reckitt Benckiser Group plc, a British multinational consumer goods company.

    Chief Financial Officer

    | 3

  • Caterpillar: Confidential Green

    COVID-19 and Business Update

    Dedicated to the health and safety of our global team

    Supporting our customers doing essential business

    Continued focus on flexible and

    competitive cost structure

    Well positioned with strong balance sheet and liquidity

    | 4

  • Caterpillar: Confidential Green

    Executing Our Strategy

    Focused on operational excellence, continue to invest in enablers of services growth, including enhancing our digital capabilities, and expanded offerings

    Prepared to respond to changes in demand, positive or negative

    | 5

  • Caterpillar: Confidential Green

    Sales & Revenues

    $10.0B (31%)

    $0.84

    Profit Per Share1

    (70%)

    Operating Profit Margin

    7.8% (7.5pts)

    Second Quarter 2020 Financial Results

    1 Second-quarter 2020 profit per share included remeasurement losses of $0.19 per share resulting from settlements of pension obligations.

    | 6

  • Caterpillar: Confidential Green

    (3,912)

    (259) (190)

    14,432

    9,997(74)

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    14,000

    16,000

    2nd Qtr 2019 Sales & Revenues

    Sales Volume

    Price Realization

    Currency Financial Products Revenues

    2nd Qtr 2020 Sales & Revenues

    M ill

    io ns

    o f $

    Consolidated Sales & Revenues Second Quarter 2020 vs. Second Quarter 2019

    Sales & Revenues Decreased ($4.4B) or (31%) • Sales volume decreased across the three primary

    segments and all regions

    • Lower end-user demand

    • Changes in dealer inventories

    • Unfavorable price realization

    2nd Quarter Highlights

    | 7

  • Caterpillar: Confidential Green

    784 (82)

    2,213 (1,510)

    (259) 298

    211 (54) (33)

    0

    500

    1,000

    1,500

    2,000

    2,500

    2nd Qtr 2019 Operating Profit

    Sales Volume

    Price Realization

    Manufacturing Costs

    SG&A / R&D Currency Financial Products

    Other 2nd Qtr 2020 Operating Profit

    M ill

    io ns

    o f $

    Consolidated Operating Profit Second Quarter 2020 vs. Second Quarter 2019

    Operating Profit Decreased ($1.4B) or (65%) • Decreased sales volume

    • Unfavorable price realization

    • Favorable manufacturing costs and lower SG&A/R&D mainly driven by short-term incentive compensation expense

    Operating Profit Margin of 7.8%

    2nd Quarter Highlights

    | 8

  • Caterpillar: Confidential Green | 9