Caterpillar, Inc. (CAT) Credit Suisse 2013 Industrials Conference December 4, 2013 1:15 PM ET

Executives

Mike DeWalt - VP, Strategic Services

Jim Umpleby - Group President, Power Systems

Rich Moore - Head, IR

Analysts

John Pitzer - Credit Suisse

Jamie Cook - Credit Suisse

Hi, good afternoon, everyone. So up next we have Caterpillar. Next to me right here we have Mike DeWalt who everyone knows he's now Vice President of Strategic Services. We have Jim Umpleby who is the Group President of Power Systems, and then Rich Moore is all the way at the end who heads the Investor Relations Group. So I think before we get started I just wanted to give Jim the opportunity to give an overview of sort of what he does the power systems business and what he does, and then we’ll just open it up to Q&A. Thank you, Jim.

Mike DeWalt

Very good. All right, thank you, Jamie. Well, good afternoon, good to be with you today. Just very briefly, as you may know, Caterpillar is separated in the three main segments. Construction Industries, which is the traditional kind of construction equipment you normally think of with Caterpillar; Resource Industries, which is primarily mining, and Energy and Power Systems and that is the area that I'm responsible for.

Last year, our sales were about $21 billion and we have four primary segments, the largest being oil and gas, which represents about 40% of our sales; electric power is about 30%; transportation is 20%, transportation is consist of both rail and marine; and industrial, which is small engine sold to industrial users, is about 10%. And so as we look forward to this year we’ve said that our sales will be down about 5% compared to the peak that we achieved in 2012. So, again, it’s a very high level overview and we’re pleased to entertain any questions you might have.

Earnings Call Part 2:

• Q&A with Caterpillar Inc. CEO