ABB : Q3 2022 financial presentation – English

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ZURICH, SWITZERLAND | OCTOBER 20, 2022 | BJÖRN ROSENGREN, CEO; TIMO IHAMUOTILA, CFO

Q3 2022 results

Strong order growth, high revenues and historically high Operational EBITA margin

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Important notices

This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses.

These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, and the economic conditions of the regions and industries that are major markets for ABB Ltd.

These expectations, estimates and projections are generally identifiable by statements containing words such as "expects," "believes," "estimates," "targets," "plans," "outlook," "on track," "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-looking information 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 cause such 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 US 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 those expectations will be achieved.

This presentation contains non-GAAP measures of performance. Definitions of these measures and reconciliations between these measures and their US GAAP counterparts can be found in the "Supplemental Reconciliations and Definitions" section of the "Financial Information"

booklet found under "Q3 2022" on our website at

global.abb/group/en/investors/quarterly-results.

Slide 2

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Q3 2022 highlights

01. 02. 03.

Strong order growth +16%1, 7th consecutive quarter with book-to-bill>1

Revenue growth +18%1, driven both by volume and price

Historically high Op. EBITA margin of 16.6%,

+150 bps, with improvements noted in all business areas

Completed Accelleron	Agreement to purchase
spin-off on October 3	Siemens' low voltage
Agreement to divest	NEMA motor business
remaining 19.9% stake	Announcement to
in Hitachi Energy	acquire the PowerTech
Provision taken for	Converter business
legacy Kusile project	Acquisition of ASKI
awarded in 2015,	Energy
settlement expected
in the near term
Remain committed to
list E-mobility,but no
longer expect it to
happen this year

Slide 3

1. YoY comparable.

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Continued strong momentum

Q3 2022 results

Notable orders developments (comparable % YoY, unless otherwise indicated)

Short-cycle

Very strong growth across all business areas

			Orders +16%1
				7,866				8,188
6,109				26
								16
-8
Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
20	20	21	21	21	21	22	22	22

Services

Orders +13%1 and revenues +7%1, both up in all business areas

Discrete

Strong development in food & beverage; normalizing order patterns in general industries and automotive

Process

Improvement in gas; power gen, pulp & paper broadly stable; initial signs of headwinds in metals

Transport & infrastructure

Strong in renewables; positive development in buildings; timing of order placement impacting marine growth, while pipeline remains strong

Orders ($ mn)		Orders growth (comparable % YoY)

			Revenues +18%1
				7,028				7,406
6,582
								18
				4
-4
Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3
20	20	21	21	21	21	22	22	22

	Very high order backlog of $19.4 bn, +35%1		Revenues ($ mn)		Revenues growth (comparable % YoY)
Slide 4	1. YoY comparable. Note: $ millions reported orders and revenues are impacted		Book-to-bill1.11
	by foreign exchange and changes in the business portfolio.

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Strong demand in the Americas and Europe

Q3 2022 regional, country orders

Americas	+25%
USA
Steep growth in EL and MO; very	+29%
strong growth in PA and RA
Canada	+7%
Mexico	+8%

Europe	+20%
Germany
Steep growth in MO, PA and RA; very	+8%
strong decline in EL
Italy	+26%
Switzerland	+156%

AMEA	+4%
China
Very strong growth in MO; decline in EL	-2%
and RA; very strong decline in PA
India	+44%
Australia	-57%

Slide 5	All data presented on a YoY comparable basis; all growth comments refer to comparable growth trends. Performance highlighted for largest 3 countries in $ mn terms in each region.
	EL = Electrification. MO = Motion. PA = Process Automation. RA = Robotics & Discrete Automation.