ABB LTD, DECEMBER 17, 2018 ABB: Shaping A Leader Focused In Digital .
—ABB LTD, DECEMBER 17, 2018ABB: shaping a leader focused in digital industriesUlrich Spiesshofer, CEO and Timo Ihamuotila, CFO
Draft – Privileged and Confidential – Prepared at the request of Counsel—Important noticesThis presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based oncurrent expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, and the economic conditionsof the regions and industries that are major markets for ABB Ltd. These expectations, estimates and projections are generally identifiable by statements containing wordssuch as “expects,” “believes,” “estimates,” “targets,” “plans,” “outlook”, “on track”, “2018 framework” or similar expressions.There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-lookinginformation and statements made in this presentation and which could affect our ability to achieve any or all of our stated targets. The important factors that could causesuch differences include, among others:– business risks associated with the volatile global economic environment and political conditions– costs associated with compliance activities– market acceptance of new products and services– changes in governmental regulations and currency exchange rates, and– such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F.Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that thoseexpectations will be achieved.Some of the planned changes might be subject to any relevant I&C processes with the Employee Council Europe and / or local employee representatives / employees.This presentation contains non-GAAP measures of performance. Definitions of these measures and reconciliations between these measures and their US GAAP counterpartscan be found in the ‘Supplemental reconciliations and definitions’ section of “Financial Information” under “Quarterly results and annual reports” on our website atwww.abb.com/investorrelationsDecember 17, 2018Slide 2
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB: shaping a leader focused in digital industriesOur journey to dateOur way forwardOur financialsOur investment propositionDecember 17, 2018Slide 3
Draft – Privileged and Confidential – Prepared at the request of Counsel—We have always been writing the future of industries 19th centuryDecember 17, 2018Slide 420th century21st century
Draft – Privileged and Confidential – Prepared at the request of Counsel— by shifting the center of gravity of our portfolioEPC1High Voltage cablesPower &InfrastructureGEIS-ElectrificationEV fast chargingB&R-Factory automationABB Ability Steel structuresFossil power generationYuMi Thomas & Betts-ElectrificationRailEV ChargingBaldor-MotorsRobotics turnaroundIndustries IndustriesTodayPastDecember 17, 2018Power &InfrastructureSlide 51Engineering,Procurement and Construction
Draft – Privileged and Confidential – Prepared at the request of Counsel—We delivered on our ambition and built four market-leading divisionsPower GridsElectrification ProductsIndustrial AutomationRobotics and Motion#1#2#2#2 & #1GlobalpositiontodayDecember 17, 2018Slide 6
Draft – Privileged and Confidential – Prepared at the request of Counsel— 4.7Next Level strategy strengthened ABB4.9Strengthened nced momentumGrowth momentumCustomer satisfaction doubledABB Ability ; quantum leap in digitalCenter of gravity shifted, driving competitiveness,growth, lower risk9627531,000 day programsPower Grids transformation-1Linked performance and compensationQ3 16Business-ledCollaboration9Q4 16Q1 17Q2 17Q3 17Q4 17Q1 18Q2 18Q3 18Market focused and leaner organizationGlobal ABB master brandKeyAttractive total cash returns of 12.1 bn1December 17, 2018Slide 71 8.6Comparable base order development yoy (%)Comparable base order development, rolling 12 month basis ( mn)bn distributed dividends and 3.5 bn share buyback 2014 – 9 months, 2018
Draft – Privileged and Confidential – Prepared at the request of Counsel—The world is changing The Energy RevolutionThe Fourth Industrial RevolutionInfluencing the future of how we .powerDecember 17, 2018Slide 8 produce work.live move
Draft – Privileged and Confidential – Prepared at the request of Counsel— at unprecedented speedInfluencing the future of how we power produce 4 tn of renewableinvestmentDecember 17, 2018Slide 9 300% industrial IoT1devices installed work 300% robot sales live 1 bn people in citiesSource: BNEF 2018, Gartner 2018, IFR 2018, UN World Urbanization Prospects 2018, BNEF Electric Vehicle Outlook 2018of Things; 2Compound annual growth rate; 3Electric VehiclesNote: trends development 2018 – 2030; installed IoT devices 2018 – 20251Internet move 30% CAGR2 for EV3 sales
Draft – Privileged and Confidential – Prepared at the request of Counsel—Our customer patterns are divergingPower GridsUtilitiesLarge orders, higher volatilityElectrification ProductsIndustrial AutomationRobotics and MotionIndustriesIndustriesIndustriesStable growthReconvergence between generation,transmission & distributionShift from physical products to digital solutionsConsolidated customer base( 1,000)Rapidly growing, increasingly diverse customer base ( 1,000,000)Project financing needsPublic biddingDecember 17, 2018Slide 10Growing solution and service needsPredominantly B2B sales
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB: shaping a leader focused in digital industriesOur journey to dateOur way forward– Focus– Simplify– LeadOur financialsOur investment propositionDecember 17, 2018Slide 11
Draft – Privileged and Confidential – Prepared at the request of Counsel—We focus ABB on digital industries and divest Power GridsDivesting Power Gridsto HitachiDecember 17, 2018Slide 12“new ABB” – focusing in digital industries
Draft – Privileged and Confidential – Prepared at the request of Counsel—Power Grids now well positioned for the future – transformation milestoneachievedTop and bottom line improvementKey transformation markers since 2014Base order growth1Bring business back to growth130%3-96137Reach 10% profitability7Enhance leadership in digital grid-9Q4 16Today2Drive software and servicesOperational EBITA margin doubled10.0%4.7%De-risk business modelToday220143December 17, 2018Slide 13Prune portfolio1Third-partybase order growth, comparable (% yoy); 2Q3 2018; 3Operational EBITA margin for the previously reported Power Grids businessunder old structure as of December 31, 2016
Draft – Privileged and Confidential – Prepared at the request of Counsel—Hitachi and Power Grids: attractive step at the right time Shaping a global leader in power at the right timeCustomers call for A partner to reconverge generation,transmission & distributionLarge project financingWe are ready Global #1 for a stronger, smarter and greener gridIndustry benchmark for profitabilityDecember 17, 2018Slide 14
Draft – Privileged and Confidential – Prepared at the request of Counsel— building on our partnership established in 20142014: local Joint Venture for HVDCCompelling combination of complementary strengthsPress ReleaseDec 2014HitachiPower GridsABB and Hitachi to form strategicpower grid partnership for HVDC inJapanEnergy infrastructure coreGlobal #1 for a stronger, smarterand greener gridLarge project financingDigitalization leaderGlobal reach with strength in JapanIndustry benchmark for profitabilityNew Joint Venture to build on Hitachi's strong local marketpresence and ABB's High Voltage Direct Current (HVDC)technology leadership to address Japan's new energy focusTokyo and Zurich, Dec. 16, 2014 – ABB and Hitachi announced todayan agreement to form a joint venture for high voltage directcurrent (HVDC) system solutions in Japan. The new entity, to bebased in Tokyo, will be responsible for the design, engineering,supply and after-sales services related to the DC system of HVDCprojects bringing ABB's latest technologies to the Japanesemarket where Hitachi will be the prime contractor.Hitachi and ABB will take equity interests of 51 percent and 49percent respectively. This is the first step of a strategicpartnership between the two companies to contribute to theevolution of Japan's power network. Hitachi and ABB will explorefurther strengthening of the relationship and addressopportunities to widen the scope for future collaboration.The joint venture is expected to commence operations in thecoming months, subject to the necessary approvals and statutoryprocedures.December 17, 2018Slide 15
Draft – Privileged and Confidential – Prepared at the request of Counsel—Key transaction parameters «Hitachi-ABB Power Grid Ltd»AttractivevaluationEnterprise Value (EV) of 11 bn for 100% of Power Grids, equivalent 11.2x EV/op. EBITA multiple1Hitachi to acquire 80.1% of Power Grids, ABB to retain 19.9% in carved out Power Grids initiallyPredefined exit option for 19.9% equity share in new JV:Clear exit path–ABB put option at fair market value with floor price at 90% of agreed EV, exercisable 3 years after closing–Hitachi call option at fair market value with floor of 100% of agreed EVAgreed JV governanceSeamlesstransitionManagement team retained, HQ of Hitachi-ABB Power Grid Ltd to be in SwitzerlandClosing expected by first half of 20202Shareholders toparticipateIntention to return 100% of estimated net cash proceeds of 7.6-7.8 bn3 to shareholders in an expeditiousand efficient manner through share buyback or similar mechanismWe are realizing the value we have built in Power Grids1EV/operationalDecember 17, 2018Slide 16EBITA multiple calculated using operational EBITA for Power Grids over twelve month period to end Q3 2018, before share ofcorporate cost; 2Subject to regulatory approvals and fulfillment of closing conditions; 3After estimated one-time transaction and separation relatedcosts of 500-600 million and cash tax leakage of 800-900 million. Total enterprise value adjustments of 3.0 billion, including 2.7 billion of netleverage (intercompany loan net of cash transferred) and 0.3 billion after-tax unfunded pensions and other liabilities
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB: shaping a leader focused in digital industriesOur journey to dateOur way forward– Focus– Simplify– LeadOur financialsOur investment propositionDecember 17, 2018Slide 17
Draft – Privileged and Confidential – Prepared at the request of Counsel—Full empowerment of businesses through continued simplification TodayDecember 17, 2018Slide 18CustomersDiscontinuation ofthe e moved to a single P&Lon division levelBefore 2014ABB Ability DivisionsCorporate
Draft – Privileged and Confidential – Prepared at the request of Counsel— enabling customer focus and agile decision-makingImplementation plannedto start April 1, 2019Future businesses live zero distance to customers, single interface through business own full scope of functions strengthened by transfer of experienced country management resources combine country manager role with local business leadership role govern Global Business Services (GBS)Country / regional structures including related Executive Committee roles to be discontinued after closing of transactionFuture “corporate” focused and streamlined 500 million p.a. run-rate medium-term cost reductions across the GroupDecember 17, 2018Slide 19
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB: shaping a leader focused in digital industriesOur journey to dateOur way forward– Focus– Simplify– LeadOur financialsOur investment propositionDecember 17, 2018Slide 20
Draft – Privileged and Confidential – Prepared at the request of Counsel—The new ABBPioneering technology leader in digital industries 410 bn market 29 bn revenues34%Asia, Middle East and Africa31%Americas 110,000 employeesDecember 17, 2018Slide 2135%Europe
Draft – Privileged and Confidential – Prepared at the request of Counsel—The new ABB: operating in attractive markets Large market with attractive dynamics8% 3.5-4% p.a. 550 bnElectric mobilityRobotics / flexible manufacturing5% 410 bnSoftware & digital solutionsData centersMachine and factory automationRenewables4-5%Food & beverageCommercial buildingsOil & gasUp to 4%Residential buildingsMotionTodayDecember 17, 2018Slide 222025Source: ABB internal
Draft – Privileged and Confidential – Prepared at the request of Counsel— with a unique Buildings &infrastructureMeasurement Process control& cember 17, 2018Slide 231DistributedControl SystemMachine &factoryRoboticsDigitalizationMotors &generatorsDrivesABB Ability
Draft – Privileged and Confidential – Prepared at the request of Counsel—Shaping four focused leading businesses Effective April 1, 20191ElectrificationIndustrial AutomationRobotics &Discrete AutomationMotion#2#2#2#1ABB Ability December 17, 2018Slide 241Note:Power Grids moved to discontinued operations starting in Q4 2018 until closing
Draft – Privileged and Confidential – Prepared at the request of Counsel— aligned with customer patterns in attractive marketsEffective April 1, 20191ElectrificationRobotics & DiscreteAutomationIndustrial AutomationMotionOEMsLow / uildings &infrastructureMeasurement& analyticsOEMsProcess control(DCS2)Machine &factoryDistributorsMotors &generatorsRoboticsDrivesMarket size 160 bn 90 bn 80 bn 80 bnMarketgrowth p.a. 3% 3 to 4% 6 to 7% 3% 13 bn 7 bn 4 bn 6 bnRevenuesEnd customerDecember 17, 2018Slide 25EPCs3DistributorOEMs4System integrator / panel builderSource: Internal ABB analysis1Note: Power Grids moved to discontinued operations starting in Q4 2018 until closing2Distributed Control System; 3Engineering, Procurement and Construction; 4Original Equipment Manufacturer
Draft – Privileged and Confidential – Prepared at the request of Counsel—ElectrificationWriting the future of safe, smart and sustainable electrificationTarak MehtaOur businessMarket: 160 bn; 3% p.a.Selected customer segmentsGlobal #2Commercial buildings4% p.a. 13 bn revenuesOffering–Low & medium voltage–Buildings & infrastructureTypical customers–Electrical distributors–Panel-builders–EPCs1December 17, 2018Slide 26Source: internal ABB analysisProcurement and ConstructionNote: market growth rate represents estimated CAGR 2018-251Engineering,Data centers.6% p.a.EV Charging8% p.a.
Draft – Privileged and Confidential – Prepared at the request of Counsel—Industrial AutomationWriting the future of safe and smart operationsPeter TerwieschOur businessMarket: 90 bn; 3 to 4% p.a.Selected customer segmentsGlobal #2Process control / DCS 3% p.a. 7 bn revenuesIndustry-specific.solutions 3-6% p.a.Offering–Integrated industry-specificsolutions–Process control (DCS1)–Measurement & analyticsTypical customers–End customers–EPCs2December 17, 2018Slide 27Source: internal ABB analysis#1 for DCS (Distributed Control Systems); 2Engineering, Procurement and ConstructionNote: market growth rate represents estimated CAGR 2018-251GlobalDigital solutions &softwareup to 10% p.a.
Draft – Privileged and Confidential – Prepared at the request of Counsel—Robotics & Discrete AutomationWriting the future of flexible manufacturing and smart machinesSami AtiyaOur businessMarket: 80 bn; 6 to 7% p.a.Selected customer segmentsGlobal #2Machine & factoryautomation solutions5% p.a. 4 bn revenues#1 Robotics player in ChinaOffering–Machine & factory automation–RoboticsTypical customers–End customers–Machinery OEMs1–System integratorsDecember 17, 2018Slide 28Source: internal ABB analysisEquipment ManufacturerNote: market growth rate represents estimated CAGR 2018-251OriginalRobotics./ flexiblemanufacturing 7% p.a.Digital solutions &softwareup to 10% p.a.
Draft – Privileged and Confidential – Prepared at the request of Counsel—MotionWriting the future of smart motionMorten WierodOur businessMarket: 80 bn; 3% p.a.Selected customer segmentsGlobal #1Motors 2-3% p.a. 6 bn revenuesOffering–Motors & generators–Drives–Digital powertrain solutionsTypical customers–Distributors–OEMs1–End customersDecember 17, 2018Slide 29Source: internal ABB analysisEquipment ManufacturerNote: market growth rate represents estimated CAGR 2018-251OriginalDrives. 4% p.a.Digital powertrain 8-10% p.a.
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB Ability : tailored digital customer solutions based on common platform Customer valueABB Ability ElectrificationsolutionsABB Ability Industrial AutomationsolutionsABB Ability Robotics & DiscreteAutomation solutionsABB Ability digital platformDecember 17, 2018Slide 30ABB Ability Motionsolutions
Draft – Privileged and Confidential – Prepared at the request of Counsel— driving accelerated profitable growthEnhanced customer value BuildOperateABB Ability solutionsPlan / design drives accelerated growth through ABB Ability New digital solutionsleveraging ABB Ability MarketgrowthLifecycle cost1reductionRobot StudioDecember 17, 2018“Intelligent” robotcells with “App-store”ConnectedServices15 – 20%Slide 311Comparedto a non-standardized Arc welding cell3.5 – 46
Draft – Privileged and Confidential – Prepared at the request of Counsel—Writing the future with pioneering innovationArtificial IntelligenceExpertiseAutonomous operationsBrain, LogicDigital operationsAutomated operationsNerves, SensesElectronicsMusclesCopper & ironMotorsDrivesRobotics, PLC1, process controlSoftware, digital solutionsABB Ability December 17, 2018Slide 321ProgrammableLogic ControllersCyber-physical systems
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB: shaping a leader focused in digital industriesOur journey to dateOur way forward– Focus– Simplify– LeadOur financialsOur investment propositionDecember 17, 2018Slide 33
Draft – Privileged and Confidential – Prepared at the request of Counsel—Improved quality of businessMore growth: strong secular drivers in faster growing market segmentsMore digital solutions: attractive economics, less standard “copper and iron”More stability: less large order volatilityMore recurring revenue: digital solutions, software and services, leveraging large installed baseDecember 17, 2018Slide 34
Draft – Privileged and Confidential – Prepared at the request of Counsel—Medium-term financial Group target frameworkNew, medium-termComparablerevenue growthp.a.1Operational EBITAmargin2ROCE %3FCF conversion tonet incomeBasic EPS growth3 – 6%13 – 16 %15 – 20% 100% revenue growthOperational EBITAmarginCROI %FCF conversion tonet incomeOperational EPSCAGR5PreviousComparablerevenue growthaverage4December 17, 2018Slide 351Basedon current economic outlook; 2Target is on a full-year basis; 3Calculated using post-tax operational EBITA / Average capital employed;annual revenue growth on a comparable basis over 6 years, base year 2014; 5Compound annual growth rate, base year 2014 andassuming constant exchange rates4Average
Draft – Privileged and Confidential – Prepared at the request of Counsel—Compelling value creation for shareholdersWe intend to:– Maintain the level of dividend per share post close– Return 100% of the estimated net cash proceeds of 7.6-7.8 bn1 in an expeditious andefficient manner through share buyback or similar mechanism following Power Grids majority stake saleDecember 17, 2018Slide 361Afterestimated one-time transaction and separation related costs of 500-600 million and cash tax leakage of 800-900 million. Totalenterprise value adjustments of 3.0 billion, including 2.7 billion of net leverage (intercompany loan net of cash transferred) and 0.3billion after-tax unfunded pensions and other liabilities
Draft – Privileged and Confidential – Prepared at the request of Counsel—Estimated financial impact: Power Grids divestmentCompellingvaluecrystallizationNet cash proceeds of 7.6 – 7.8 bn1OperationalEBITA 350-400 mn stranded and other carve-out related costs; vast majority to be eliminated by deal closeIntention to return 100% to shareholders in an expeditious and efficient manner through sharebuyback or similar mechanism 200 mn non-core business charges, primarily related to legacy EPC substation businessNonoperationalitems 500-600 mn one-time transaction and separation related costsTax 800-900 mn related cash tax impactDecember 17, 2018Slide 37Note: Power Grids moved to discontinued operations, effective Q4 2018 until closing1After estimated one-time transaction and separation related costs of 500-600 million and cash tax leakage of 800-900 million. Totalenterprise value adjustments of 3.0 billion, including 2.7 billion of net leverage (intercompany loan net of cash transferred) and 0.3billion after-tax unfunded pensions and other liabilities
Draft – Privileged and Confidential – Prepared at the request of Counsel—Estimated financial impact: simplification of business model and structureSustainable efficiency gains 500 mn p.a. run-rate medium-term cost reductions across the GroupOperationalEBITA– Business level savings to reflect in improved operating marginsNonoperationalitems 500 mn incremental group restructuring charges over the coming two yearsTaxUnderlying effective tax rate 27%December 17, 2018– Sustainably reduced corporate costsSlide 38
Draft – Privileged and Confidential – Prepared at the request of Counsel—The new ABB group operational EBITA bridgeIllustrative, year 1Medium-termMargin(bps or%) c.65 bpsexcl. Power Grids13-16%(70)-(100) bps 350-400(350-400) millionsPG1Simplification commences 20193.6 bnOp. EBITAexcl. Power Grids,incl. GEIS2December 17, 2018 100-150Stranded &other carve-outrelated costSlide 391PowerGroup functionalsavings &stranded costeliminationBusinessesoperationalperformance 500 mn p.a. run-rate cost reductions– Business level savings ongoing– Leaner corporateOp. EBITAYear 1Group functionalsavings &stranded costeliminationBusinessesoperationalperformanceOp. EBITAMid-termGrids operational EBITA contribution adjusted for fair share of corporate costs; 2Based on twelve months to end Q3 2018, includingestimated full year GEIS contribution
Draft – Privileged and Confidential – Prepared at the request of Counsel—Estimated financial impact: Q4 2018 and FY18 – new guidancePower Grids moved to discontinued operationsGroup revenuesGroup operational EBITAFY 2018Q4 2018Excludes Power Grids operational EBITACorporate & Other costs of 425 mn to include:Excludes Power Grids 3rd party revenues1– Stranded costs2 75 mn– Additional 200 mn non-core business charges, primarilyrelated to legacy EPC substation businessRestated to exclude Power Grids operational EBITARestated to exclude Power Grids 3rd party revenues1December 17, 2018Corporate & Other costs restated to include:–Slide 401ThirdStranded costs2 300 mnparty revenues total revenues excluding inter-divisional revenues; 2Stranded costs excluding other carve-out related costs
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB financial reporting post announcementQ4/FY 2018Power Grids in discontinued ionRobotics & MotionCorporate & OtherPower GridsGroupIncome from continuing operationsIncome from discontinued operationsIncome from equity accounted entitiesNet incomeApril 1, 2019 until closingElectrificationIndustrialAutomationRobotics &DiscreteAutomationMotionCorporate &OtherPower ics &DiscreteAutomationMotionCorporate &OtherNew JVGroupNew business structureIncome from continuing operationsIncome from discontinued operationsIncome from equity accounted entitiesNet incomePost-closeIncome from continuing operationsIncome from discontinued operationsIncome from equity accounted entitiesNet incomeDecember 17, 2018Slide 41
Draft – Privileged and Confidential – Prepared at the request of Counsel—Capital allocationStrong track record 2014 – 9M 2018 ( bn)Sustained capital allocation priorities1Capex4.4Fund organic growth, R&D, capex at attractive returnsDividends8.6Rising sustainable dividendAcquisitions4.8Value-creating acquisitionsShare buyback3.5Returning additional cash to shareholdersTotal capital allocated21.321.6Target to manage ABB long-term with an efficient balance sheet to retain “single A’’ credit ratingDecember 17, 2018Slide 421Asdefined in 2014
Draft – Privileged and Confidential – Prepared at the request of Counsel—ABB: shaping a leader focused in digital industriesOur journey to dateOur way forward– Focus– Simplify– LeadOur financialsOur investment propositionDecember 17, 2018Slide 43
Draft – Privileged and Confidential – Prepared at the request of Counsel—The new ABB investment propositionPioneering technology leader in digital industriesMedium-termfinancial frameworkUniquely positioned portfolio focused on digital industriesAttractivegrowthFour entrepreneurial businesses in attractive growth marketsValue creation through ABB Ability , innovationEnhanced efficiency through simplificationStrongermargins 500 mn p.a. run-rate medium-term cost reductions across the GroupOrganic investment in R&D, digital, brandOptimizedcapitalallocationDecember 17, 2018Slide 443 – 6% p.a.comparable revenue growth113 – 16%operational EBITA margin15 – 20% ROCEActive portfolio management 100% cash conversionAttractive shareholder returnsEPS growth revenue growth1Basedon current economic outlook
Draft – Privileged and Confidential – Prepared at the request of Counsel—The new ABB: pioneering technology leader in digital industriesWriting the future. Together.19th centuryDecember 17, 2018Slide 4520th century21st century
Draft – Privileged and Confidential – Prepared at the request of Counsel—Executive Committee evolutionCorporateOfficersTodayEffective April 1, 2019Post closingCEOCFOCHROGeneral CounselCEOCFOCHROGeneral CounselCEOCFOCHROGeneral CounselPower GridsBusiness leadersElectrification ProductsIndustrial AutomationRobotics & MotionRegional leadersDecember 17, 2018AMEAAmericasEuropeSlide 47Power GridsElectrificationIndustrial AutomationRobotics & Discrete ndustrial AutomationRobotics & Discrete AutomationMotion
Draft – Privileged and Confidential – Prepared at the request of Counsel—Power GridsWriting the future of a stronger, smarter and greener gridClaudio FacchinOur businessMarket: 90 bn; 3% p.a.Selected customer segmentsGlobal #1Renewable integration 4-6% p.a. 10 bn revenuesOffering–High-voltage products–Grid Integration–Grid Automation and digitalization–TransformersTypical customers–Utilities–Large energy consumers & producersDecember 17, 2018Slide 48Source: internal ABB analysisNote: market growth rate represents estimated CAGR 2018-25Grid automation. 4-5% p.a.HVDC 6-7% p.a.
projects bringing ABB's latest technologies to the Japanese market where Hitachi will be the prime contractor. Hitachi and ABB will take equity interests of 51 percent and 49 percent respectively. This is the first step of a strategic partnership between the two companies to contribute to the evolution of Japan's power network.
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ABB - global market and technology leader in AC drives ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. ABB is the world's largest drives manufacturer. The ABB Group of companies operates in around 100 countries
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