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1PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | PUBLIC Q1 Fiscal 2025 Earnings Presentation February 10, 2025 1
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2PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 2PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | This presentation includes statements related to the expected future results of the company and are therefore forward-looking statements. Actual results may differ materially from those projections due to a wide range of risks and uncertainties, including those that are listed in our SEC filings. This presentation also contains non-GAAP financial information and reconciliations to GAAP are included in the appendix. All information should be read in conjunction with our historical financial statements.
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3PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 3PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Q1 FY25 Results Highlights ▶ Orders up ~10% YOY and up mid single digits sequentially ▶ Reported sales down (8.4)% YOY; organic sales down (7.6)% YOY ▶ Currency decreased sales (0.9) pts YOY ▶ Total Annual Recurring Revenue (ARR) up 11% YOY ▶ Segment margin of 17.1% and adjusted EPS of $1.83, above expectations ▶ On track to achieve ~$250M in YOY productivity benefits in FY25 Sequential order growth; strong execution on productivity
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4PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Q1 FY25 Organic Industry Segment Performance Note: Organic sales growth rates depicted above exclude the impact of acquisitions and currency. Arrows reflect positive/negative directional growth vs prior year. D I S C R E T E H Y B R I D P R O C E S S Q1 FY25 vs. Q1 FY24 Q1 FY25 vs. Q1 FY24 Down low single digits Automotive down mid single digits Semiconductor down mid single digits e-Commerce & Warehouse Automation up ~30% Down high single digits Food & Beverage down high single digits Life Sciences down ~10% Tire down low double digits Down high single digits Energy down mid single digits Mining down low single digits Chemicals down low teens
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5PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 5PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Q1 FY25 Year-Over-Year OrganicSales Growth Latin America 15% EMEA (14)% Asia Pacific (9)% North America (8)% % of Reported Sales Americas continue to be our strongest regions
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6PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 6PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Full Year Outlook Update ▶ Updating reported sales midpoint to ~$8.1B due to currency headwinds ▶ Updating reported sales growth range to (5.5)% - 0.5% YOY; currency to decrease sales ~(1.5) pts ▶ Reaffirming organic sales growth range of (4)% - 2% YOY ▶ Total ARR expected to grow ~10% YOY ▶ Expect segment margin of ~19%; includes ~$250M benefit from cost reduction and margin expansion actions ▶ Reaffirming adjusted EPS range of $8.60 - $9.80 ▶ Expect Free Cash Flow conversion of ~100% Note: Updated Guidance as of February 10, 2025 Focus on execution and growing market share
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7PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 7PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Q1 FY25 Key Financial Information ($ in millions, except per share amounts) Sales $1,881 $2,052 Segment Operating Margin 17.1% 17.3% (20) bps Corporate and Other $38 $40 $2 Adjusted EPS $1.83 $2.04 (10)% Adjusted Effective Tax Rate 17.5% 17.9% 0.4 pts Free Cash Flow $293 $(35) $328 Organic Growth (7.6) % Inorganic Growth +0.1 % Currency Translation (0.9) % Reported Growth (8.4) % Q1 FY25 Q1 FY24 YOY B/(W)
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8PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 8PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | $806M Organic (12) % Inorganic — % Currency (1) % Reported (13) % Lifecycle Services Software & Control Intelligent Devices Q1 FY25 Segment Results $529M $546M 25.1% +10 bps YOY 14.9% (130) bps YOY 12.5% +190 bps YOY Book-to-bill of 1.05 Higher segment margin YOY driven by the benefits from cost reduction and margin expansion actions, and higher sales volume. Higher segment margin YOY driven by the benefits from cost reduction and margin expansion actions, and positive price/cost, mostly offset by lower sales volume. Lower segment margin YOY driven by lower sales volume partially offset by the benefits from cost reduction and margin expansion actions. Organic (12) % Inorganic — % Currency (1) % Reported (12) % Organic +5 % Inorganic — % Currency (1) % Reported +5 % Q1 FY23 Sales ($ in millions; YOY growth %) Segment Operating Margin Segment Highlights
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9PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Q1 FY24 to Q1 FY25 Adjusted EPS Walk *Compensation reflects merit and incentive compensation **All Other includes: Previous Year One-Time Acquisition Costs, Interest Expense, Non-Controlling Interest, Pension, Shares, Currency, Non-R&D Investments, and Tax $2.04 $1.83 ~ $(0.55) ~ $0.50 ~ $(0.20) ~ $0.04 Q1 FY24 Core Cost Reduction and Margin Expansion Actions Compensation* All Other** Q1 FY25
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10PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 10PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Fiscal Year 2025 Guidance Reported Sales Midpoint ~ $8.1B ~ $8.2B Organic Growth (4)% - 2% (4)% - 2% Inorganic Growth ~ 0% ~ 0% Currency Translation ~ (1.5)% ~ 0% Segment Operating Margin ~ 19% ~ 19% Adjusted Effective Tax Rate ~ 17% ~ 17% Adjusted EPS Target $8.60 - $9.80 $8.60 - $9.80 Free Cash Flow Conversion ~ 100% ~ 100% Note: Updated Guidance as of February 10, 2025; Prior Guidance as of November 7, 2024 Updated Guidance Prior Guidance
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11PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 11PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Appendix
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12PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | FY25 Organic Industry Segment Outlook Note: Organic sales growth rates depicted above exclude the impact of acquisitions and currency. Arrows reflect positive/negative directional growth vs prior year. Note: Guidance as of February 10, 2025; Prior Guidance as of November 7, 2024 D I S C R E T E H Y B R I D P R O C E S S FY25 vs. FY24 Assumptions at Guidance Midpoint B/(W) vs. Prior Guidance Down low single digits Automotive down low single digits Semiconductor down low single digits e-Commerce & Warehouse Automation up high single digits Down low single digits Food & Beverage down low single digits Life Sciences flat Tire down low single digits Flat Energy up low single digits Mining up low single digits Chemicals down low single digits = = =
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13PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 13PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Industry Segmentation % of FY24 Sales ~10% Automotive ~5% Semiconductor ~5% e-Commerce & Warehouse Automation ~5% General Industries ~20% Food & Beverage ~5% Life Sciences ~5% Household & Personal Care ~5% Tire ~15% Energy ~5% Mining ~5% Metals ~5% Chemicals ~5% Water / Wastewater ~5% Pulp & Paper ▶ Marine ▶ Mass Transit ▶ Glass ▶ Fibers & Textiles ▶ Entertainment ▶ Airports ▶ Aerospace ▶ Print & Publishing ~25% of sales ~35% of sales ~40% of sales
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14PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 14PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Q1 FY25 Results: Summary Three Months Ended Financial Summary December 31, ($ in millions, except per share amounts) 2024 2023 Total sales $ 1,881 $ 2,052 Total segment operating earnings $ 321 $ 356 Purchase accounting depreciation and amortization (35) (36) Corporate and other (38) (40) Non-operating pension and postretirement benefit credit — 5 Change in fair value of investments — 3 Interest expense, net (35) (28) Income tax provision (35) (47) Net income $ 178 $ 213 Net loss attributable to noncontrolling interests (6) (2) Net income attributable to Rockwell Automation $ 184 $ 215 Adjustments Non-operating pension and postretirement benefit credit, net of tax $ — $ (4) Purchase accounting depreciation and amortization attributable to Rockwell Automation, net of tax 25 27 Change in fair value of investments, net of tax — (2) Adjusted income $ 209 $ 236 Adjusted EPS $ 1.83 $ 2.04 Average diluted shares 113.5 115.2
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15PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 15PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Free Cash Flow Three Months Ended ($ in millions) December 31, 2024 2023 Net income $ 178 $ 213 Depreciation/Amortization 78 77 Change in fair value of investments — (3) Retirement benefits expense 10 5 Receivables/Inventory/Payables 75 52 Compensation and benefits (12) (243) Pension contributions (3) (6) Income taxes (8) 2 Other 46 (64) Cash flow from operations 364 33 Capital expenditures (71) (68) Free cash flow $ 293 $ (35) Adjusted income $ 209 $ 236 Free cash flow conversion 140 % (15)%
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16PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 16PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Organic Sales ($ in millions) Three Months Ended December 31, 2024 2023 Reported Sales(a) Less: Effect of Acquisitions(e) Effect of Changes in Currency(d) Organic Sales(b) Reported Sales(c) Reported Sales Growth (a)/(c) Less: Effect of Acquisitions (e)/(c) Effect of Changes in Currency (d)/(c) Organic Sales Growth (b)/(c) North America $ 1,150 $ 2 $ (3) $ 1,151 $ 1,247 (8)% —% —% (8)% EMEA 332 — (1) 333 388 (14)% —% —% (14)% Asia Pacific 251 — — 251 276 (9)% —% —% (9)% Latin America 148 — (14) 162 141 5% —% (10)% 15% Total $ 1,881 $ 2 $ (18) $ 1,897 $ 2,052 (8)% —% (1)% (8)% Three Months Ended December 31, 2024 2023 Reported Sales(a) Less: Effect of Acquisitions(e) Effect of Changes in Currency(d) Organic Sales(b) Reported Sales(c) Reported Sales Growth (a)/(c) Less: Effect of Acquisitions (e)/(c) Effect of Changes in Currency (d)/(c) Organic Sales Growth (b)/(c) Intelligent Devices $ 806 $ — $ (9) $ 815 $ 927 (13)% —% (1)% (12)% Software & Control 529 — (5) 534 604 (12)% —% (1)% (12)% Lifecycle Services 546 2 (4) 548 521 5% —% (1)% 5% Total $ 1,881 $ 2 $ (18) $ 1,897 $ 2,052 (8)% —% (1)% (8)%
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17PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 17PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Segment Operating Margin ($ in millions) Three Months Ended December 31, 2024 2023 Sales Intelligent Devices (a) $ 806 $ 927 Software & Control (b) 529 604 Lifecycle Services (c) 546 521 Total sales (d) $ 1,881 $ 2,052 Segment operating earnings Intelligent Devices (e) $ 120 $ 150 Software & Control (f) 133 151 Lifecycle Services (g) 68 55 Total segment operating earnings (1) (h) 321 356 Purchase accounting depreciation and amortization (35) (36) Corporate and other (38) (40) Non-operating pension and postretirement benefit credit — 5 Change in fair value of investments — 3 Interest expense, net (35) (28) Income before income taxes (i) $ 213 $ 260 Pretax margin (i/d) 11.3 % 12.7 % Segment operating margin: Intelligent Devices (e/a) 14.9 % 16.2 % Software & Control (f/b) 25.1 % 25.0 % Lifecycle Services (g/c) 12.5 % 10.6 % Total segment operating margin (1) (h/d) 17.1 % 17.3 % (1) Total segment operating earnings and total segment operating margin are non-GAAP financial measures. We exclude purchase accounting depreciation and amortization, corporate and other, non-operating pension and postretirement benefit credit, change in fair value of investments, interest expense, net, and income tax provision because we do not consider these items to be directly related to the operating performance of our segments. We believe total segment operating earnings and total segment operating margin are useful to investors as measures of operating performance. We use these measures to monitor and evaluate the profitability of our operating segments. Our measures of total segment operating earnings and total segment operating margin may be different from measures used by other companies.
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18PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 18PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Adjusted Income, Adjusted EPS, and Adjusted Effective Tax Rate ($ in millions, except per share amounts) Three Months Ended December 31, 2024 2023 Net income attributable to Rockwell Automation $ 184 $ 215 Non-operating pension and postretirement benefit credit — (5) Tax effect of non-operating pension and postretirement benefit credit — 1 Purchase accounting depreciation and amortization attributable to Rockwell Automation 33 33 Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation (8) (6) Change in fair value of investments — (3) Tax effect of change in fair value of investments — 1 Adjusted income $ 209 $ 236 Diluted EPS $ 1.61 $ 1.86 Non-operating pension and postretirement benefit credit — (0.04) Tax effect of non-operating pension and postretirement benefit credit — 0.01 Purchase accounting depreciation and amortization attributable to Rockwell Automation 0.29 0.28 Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation (0.07) (0.05) Change in fair value of investments — (0.03) Tax effect of change in fair value of investments — 0.01 Adjusted EPS $ 1.83 $ 2.04 Effective tax rate 16.4 % 18.1 % Tax effect of non-operating pension and postretirement benefit credit — % (0.1)% Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation 1.1 % (0.1)% Tax effect of change in fair value of investments — % — % Adjusted effective tax rate 17.5 % 17.9 % Non-operating pension and postretirement benefit credit ($ in millions) Three Months Ended December 31, 2024 December 31, 2023 Interest cost $ 34 $ 37 Expected return on plan assets (41) (42) Amortization of net actuarial loss 7 — Non-operating pension and postretirement benefit credit $ — $ (5)
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19PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 19PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Return On Invested Capital ($ in millions) Twelve Months Ended December 31, 2024 2023 (a) Return Net income $ 913 $ 1,112 Interest expense 160 135 Income tax provision 139 288 Purchase accounting depreciation and amortization 144 274 Return $ 1,356 $ 1,809 (b) Average invested capital Short-term debt $ 968 $ 754 Long-term debt 2,626 2,866 Shareowners’ equity 3,615 3,558 Accumulated amortization of goodwill and intangibles 1,366 1,168 Cash and cash equivalents (452) (574) Short-term and long-term investments (2) (3) Average invested capital $ 8,121 $ 7,769 (c) Effective tax rate Income tax provision $ 139 $ 288 Income before income taxes 1,052 1,400 Effective tax rate 13.2 % 20.6 % (a) / (b) * (1-c) Return On Invested Capital 14.5 % 18.5 %
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20PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 20PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Fiscal 2025 Guidance ($ in billions, except per share amounts) Organic Sales Fiscal 2025 Guidance Organic sales growth (4)% - 2% Inorganic sales growth ~ 0% Foreign currency impact ~ (1.5)% Reported sales growth (5.5)% - 0.5% Segment Operating Margin Total sales (a) $ ~ 8.1 Total segment operating earnings (b) ~ 1.5 Costs not allocated to segments ~ (0.4) Income before income taxes (c) $ ~ 1.1 Total segment operating margin (b/a) ~ 19% Pretax margin (c/a) ~ 14% Adjusted Effective Tax Rate Effective tax rate ~ 17% Tax effect of non-operating pension and postretirement benefit credit ~ —% Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation ~ —% Tax effect of change in fair value of investments (2) ~ —% Adjusted effective tax rate ~ 17% Adjusted EPS Diluted EPS (1) $7.65 - $8.85 Non-operating pension and postretirement benefit credit — Tax effect of non-operating pension and postretirement benefit credit — Purchase accounting depreciation and amortization attributable to Rockwell Automation 1.15 Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation (0.20) Change in fair value of investments (2) — Tax effect of change in fair value of investments (2) — Adjusted EPS $8.60 - $9.80 (1) Fiscal 2025 guidance based on adjusted income attributable to Rockwell, which includes an adjustment for SLB's non-controlling interest in Sensia. (2) The actual year-to-date adjustments are used for guidance, as estimates of these adjustments on a forward-looking basis are not available due to variability, complexity, and limited visibility of these items. Note: Guidance as of February 10, 2025
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21PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 21PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Reconciliation to Non-GAAP Measures Free Cash Flow Conversion ($ in billions) Fiscal 2025 Guidance Net income attributable to Rockwell Automation at the mid-point $ ~ 0.9 Non-operating pension and postretirement benefit credit, net of tax ~ — Purchase accounting depreciation and amortization attributable to Rockwell Automation, net of tax ~ 0.1 Change in fair value of investments, net of tax (1) ~ — Adjusted income at the mid-point (a) $ ~ 1.0 Cash provided by operating activities $ ~ 1.3 Capital expenditures ~ (0.3) Free cash flow (b) $ ~ 1.0 Free cash flow conversion (b/a) ~ 100% (1) The actual year-to-date adjustments are used for guidance, as estimates of these adjustments on a forward-looking basis are not available due to variability, complexity, and limited visibility of these items. Note: Guidance as of February 10, 2025
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22PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | 22PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Performance Metric Definition Total ARR Annual recurring revenue (ARR) is a key metric that enables measurement of progress in growing our recurring revenue business. It represents the annual contract value of all active recurring revenue contracts at any point in time. Recurring revenue is defined as a revenue stream that is contractual, typically for a period of 12 months or more, and has a high probability of renewal. The probability of renewal is based on historical renewal experience of the individual revenue streams, or management's best estimates if historical renewal experience is not available. Total ARR growth is calculated as the dollar change in ARR, adjusted to exclude the effects of currency, divided by ARR as of the prior period. The effects of currency translation are excluded by calculating Total ARR on a constant currency basis. Total ARR includes acquisitions even if there was no comparable ARR in the prior period. We believe that Total ARR provides useful information to investors because it reflects our recurring revenue performance period over period including the effect of acquisitions. Our measure of ARR may be different from measures used by other companies. Because ARR is based on annual contract value, it does not represent revenue recognized during a particular reporting period or revenue to be recognized in future reporting periods andis not intended to be a substitute for revenue, contract liabilities, or backlog. Book to bill Book to bill is a key metric that provides an indication on the level of demand. Book to bill represents the growth or decline in backlog in the Lifecycle Services segment. A book to bill greater than one indicates a growing backlog while a book to bill less than one indicates a declining backlog. Book to bill is calculated as orders divided by sales for a specified period. We believe that book to bill provides useful information to investors about the strength of our Lifecycle Services segment backlog. Our measure of book to bill may be different from measures used by other companies.
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23PUBLIC | Copyright ©2025 Rockwell Automation, Inc. | Thank you www.rockwellautomation.com www.rockwellautomation.com