Investor Relations

Financial Overview

Strong balance sheet, cash flow generation and strong track record of returning cash to shareowners

Rockwell Automation, Inc. (NYSE: ROK)

NYSE: ROK

As of {0}

New Strategic Growth Framework

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Customer Needs

Resiliency
Agility
Sustainability

Example of ROK Differentiation

Cybersecurity, Augmented Workforce
Multi-discipline Logix
Energy Transition Capabilities

Customer Needs

Shoring / Stimulus / Mega Projects
Software-defined Automation
Autonomous Operations
Capacity Build-out in Focus Industries
Manufacturing Lifecycle Mgmt

Example of ROK Differentiation

ROK Ecosystem Evolution
Scalable Solutions & Business Models
AI-enabled Design, Control & Logistics
Industry-specific Solutions
Simplified Digital Threads

Customer Needs

Flexible & Scalable Data Mgmt

Example of ROK Differentiation

Edge & Cloud Portfolio

Key Priorities

Annual Recurring Revenue
Market expansion in Europe and Asia
Application-specific technology in focus industries

TOTAL ANNUAL GROWTH THROUGH THE CYCLE

LONG-TERM
FINANCIAL FRAMEWORK

35% core earnings conversion
EPS growth > sales growth
FCF conversion ~100%
FCF yield for acquisitions > (WACC + risk premium) by years 3-5
ROIC > 20%
Target 2x leverage

Margin Expansion

	Margin Growth Drivers	Long-term Range*
Intelligent Devices	Share gain from next gen product launches across core platform Further synergies from recent acquisitions Product cost optimization	22% - 24%
Software & Control	Continued share gains in Control Further synergies from recent acquisitions Higher software mix accelerated by key product launches	31% - 34%
Lifecycle Services	Focus on high-growth recurring services Streamlined organization for faster growth Improved growth and profitability of Sensia	13% - 15%

Total ROK	Productivity	Supply chain improvement	Accelerated top line growth

*Excludes impact of future acquisitions

Inorganic Investments

New inorganic
priorities

Annual Recurring Revenue

Market Access in Europe / Asia

Application-specific Technology in Focus Industries

Prior inorganic
priorities

Process Expertise

Information Solutions / Connected Services

Market Access in Europe / Asia

Advanced Material Handling

Capital Deployment

Our strong balance sheet provides us with significant flexibility and capacity to deploy capital. Our capital deployment priorities have not changed: make investments to fund organic growth, drive a point or more per year of growth from strategic acquisitions, and return excess cash to shareowners through dividends and share repurchases.

ORGANIC INVESTMENTS

Operating Cash Flow

Capital Expenditures

~2 to 2.25% of Sales

Free Cash Flow

~100% of Adjusted Income

INORGANIC INVESTMENTS

Acquisitions

Target ~1 pt of growth per year
FCF yield > (WACC + risk premium) by years 3-5

EXCESS CASH RETURNED TO SHAREOWNERS

Dividends

Maintain “A” credit rating

Share Repurchases

Framework for Continued Superior Financial Returns

Our longer-term framework for financial performance starts with organic sales growth, which drives earnings conversion (incremental margins). Free cash flow conversion of 100% or more and a strong balance sheet provide significant capacity for strategic capital deployment, including acquisitions and share repurchases. As a result, we expect EPS growth to outpace revenue growth and ROIC to remain over 20%.

35% earnings conversion at mid-single-digit organic growth

Building on a Strong Foundation

FY16 - FY23 Performance

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12.4% growth in information solutions and connected services

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Cybersecurity technology and expertise
Connected Services
Market expansion in Europe and Asia

Expanding vertical focus
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High-performance drives
Independent cart technology
Market expansion in Europe and Asia