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Energy Efficiency for a Connected World the ABB Group Annual © Copyright 2008 ABB. All rights reserved. Concept and design by Interbrand Zintzmeyer & Lux. © Copyright 2008 ABB. All rights reserved. Energy efficiency for a connected world Energy efficiency for a connected world ABB and energy efficiency The ABB Group Annual Report 2007 Did you know that as much as 80 percent of available energy is Operational and financial review lost in the process of making and distributing electricity, and in its inefficient consumption? That means just one-fifth of the energy we have becomes the power we need. | As the global leader in power transmission and distribution tech- The ABB Group Annual Report 2007 The ABB Group nology and one of the world’s leading automation companies, ABB has found ways to optimize energy use at every step. From harvesting primary energy resources to transporting, distributing and using electrical power, proven ABB technologies | reduce waste by 20 to 30 percent. Operational and financial review Operational and financial ABB technology can reduce losses along the energy value chain Process Transport Plant Grid Process Motors and Building automation systems automation operation automation drives installations Total potential energy Primary Transport Conversion Line losses Production Motor inefficiency energy (e.g. pipelines, inefficiency processes Losses in building systems production marine transport) (e.g. power plants) Energy provision Energy consumption Reduced energy losses with ABB products Energy losses without ABB products ABB Ltd ABB Ltd Corporate Communications Investor Relations P.O. Box 8131 P.O. Box 8131 ABB’s power and automation technologies can help save energy by reducing power consumption CH-8050 Zurich CH-8050 Zurich and losses, improving productivity and managing equipment. Switzerland Switzerland GF-CC 08-4 Tel: +41 (0)43 317 7111 Tel: +41 (0)43 317 7111 Fax: +41 (0)43 317 7958 Fax: +41 (0)44 311 9817 www.abb.com © Copyright 2008 ABB. All rights reserved. Concept and design by Interbrand Zintzmeyer & Lux. © Copyright 2008 ABB. All rights reserved. Energy efficiency for a connected world Energy efficiency for a connected world ABB and energy efficiency The ABB Group Annual Report 2007 Did you know that as much as 80 percent of available energy is Operational and financial review lost in the process of making and distributing electricity, and in its inefficient consumption? That means just one-fifth of the energy we have becomes the power we need. | As the global leader in power transmission and distribution tech- The ABB Group Annual Report 2007 The ABB Group nology and one of the world’s leading automation companies, ABB has found ways to optimize energy use at every step. From harvesting primary energy resources to transporting, distributing and using electrical power, proven ABB technologies | reduce waste by 20 to 30 percent. Operational and financial review Operational and financial ABB technology can reduce losses along the energy value chain Process Transport Plant Grid Process Motors and Building automation systems automation operation automation drives installations Total potential energy Primary Transport Conversion Line losses Production Motor inefficiency energy (e.g. pipelines, inefficiency processes Losses in building systems production marine transport) (e.g. power plants) Energy provision Energy consumption Reduced energy losses with ABB products Energy losses without ABB products ABB Ltd ABB Ltd Corporate Communications Investor Relations P.O. Box 8131 P.O. Box 8131 ABB’s power and automation technologies can help save energy by reducing power consumption CH-8050 Zurich CH-8050 Zurich and losses, improving productivity and managing equipment. Switzerland Switzerland GF-CC 08-4 Tel: +41 (0)43 317 7111 Tel: +41 (0)43 317 7111 Fax: +41 (0)43 317 7958 Fax: +41 (0)44 311 9817 www.abb.com This is ABB ABB is one of the world’s leading power and automation engineering companies. We provide solutions for secure, energy-efficient transmission and distribution of electricity, and for increasing productivity in industrial, commercial and utility operations. Our portfolio ranges from light switches to robots for painting cars or packing food, and from huge electrical transformers to control systems that manage entire power networks and factories. We help our customers meet their challenges with minimum environmental impact. That’s why ABB means “Power and productivity for a better world.” Highlights Earnings before interest and taxes (EBIT) increase by 57 percent to record $4 billion EBIT margin – or EBIT as a percentage of revenues – rises to 13.8 percent from 11 percent Orders rise by 27 percent in 2007 to $34.3 billion as demand grows in every region and division ABB Board proposes doubling dividend to 0.48 Swiss francs per share and proposes buying back shares up to maximum value of 2.2 billion francs Comprehensive strategy review sets new targets for period to 2011, confirms focus on power and automation Focus on core technologies is completed with sale of ABB Lummus Global business The ABB Annual Report 2007 consists of two ABB wins orders to supply key components for world’s longest power link in China, using new volumes, a combined Operational and Financial low-loss technology review, and a Sustainability review. For an additional copy of either volume, please use the contact information on the back of this document or download copies from www.abb.com. Parts of the ABB Annual Report 2007 have been translated into German and/or Swedish. For all Total ABB Group Revenues per division Revenues by region documents in the annual report series, the ($ millions unless otherwise indicated) Power Products 30% Europe 46% English-language version is the binding version. 2007 2006 Power Systems 18% Asia 25% Orders 34,348 27,048 Automation Products 27% The Americas 18% Caution concerning forward-looking statements The ABB Annual Report 2007 includes “forward-looking statements” technological change and evolving industry standards in the markets Revenues 29,183 23,281 Process Automation 20% Middle East and Africa 11% within the meaning of Section 27A of the Securities Act of 1933 and in which we operate; (vii) the timely development of new products, Earnings before interest and taxes (EBIT) 4,023 2,557 Section 21E of the Securities Exchange Act of 1934. We have based these technologies, and services that are useful for our customers; (viii) unan- Robotics 4% forward-looking statements largely on current expectations, estimates ticipated cyclical downturns in the industries that we serve; (ix) the risks as % of revenues 13.8% 11.0% Non-core activities 1% and projections about the factors that may affect our future performance, inherent in large, long-term projects served by parts of our business; including global economic conditions as well as the economic condi- (x) the difficulties encountered in operating in emerging markets; (xi) the Net income 3,757 1,390 tions of the regions and the industries that are major markets for ABB. amount of revenues we are able to generate from backlog and orders Basic earnings per share ($) 1.66 0.65 EBIT per division The words “believe,” “may,” “will,” “estimate,” “continue,” “target,” received; (xii) changes in interest rates and fluctuations in currency “anticipate,” “intend,” “expect” and similar words and the express or exchange rates and (xiii) other factors described in documents that we Dividend per share in CHF (proposed) 0.48 0.24 Power Products 37% implied discussion of strategy, plans or intentions are intended to identify may furnish from time to time with the U.S. Securities and Exchange forward-looking statements. These forward-looking statements are Commission, including our Annual Reports on Form 20-F. Although we Cash flow from operations 3,054 1,939 Power Systems 11% subject to risks, uncertainties and assumptions, including among other believe that the expectations reflected in any such forward-looking Free cash flow 2,429 1,598 things, the following: (i) costs associated with compliance activities; statements are based on reasonable assumptions, we can give no assur- Automation Products 34% (ii) the difficulty of forecasting future market and economic conditions; ance that they will be achieved. We undertake no obligation to update as % of net income 65% 115% Process Automation 16% (iii) the effects of, and changes in, laws, regulations, governmental publicly or revise any forward-looking statements because of new infor- policies, taxation, or accounting standards and practices; (iv) changes mation, future events or otherwise. In light of these risks and uncertainties, Return on capital employed 35% 21% Robotics 2% in raw materials prices; (v) the effects of competition and changes in the forward-looking information, events and circumstances might not Number of employees 112,000 108,000 economic and market conditions in the product markets and geographic occur. Our actual results and performance could differ substantially from (excludes non-core and corporate) areas in which we operate; (vi) our ability to anticipate and react to those anticipated in our forward-looking statements. This is ABB ABB is one of the world’s leading power and automation engineering companies. We provide solutions for secure, energy-efficient transmission and distribution of electricity, and for increasing productivity in industrial, commercial and utility operations. Our portfolio ranges from light switches to robots for painting cars or packing food, and from huge electrical transformers to control systems that
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