Investor information

ABB Ltd share price trend during 2012

During 2012, the price of ABB Ltd shares listed on the SIX Swiss Exchange increased 6 percent, while the Swiss Performance Index increased 18 percent. The price of ABB Ltd shares on NASDAQ OMX Stockholm increased 4 percent, compared to the OMX 30 Index, which increased 12 percent. The price of ABB Ltd American Depositary Shares traded on the New York Stock Exchange increased 10 percent compared to the Dow Jones Industrial Index, which increased by 7 percent.

Source: Bloomberg

Share price (data based on closing prices)

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SIX Swiss Exchange
(CHF)

NASDAQ OMX
Stockholm
(SEK)

New York
Stock Exchange
(US$)

Source: Bloomberg

High

20.12

146.70

21.91

Low

14.83

109.00

15.42

Year-end

18.75

134.10

20.79

Average daily traded number of shares, in million

6.38

1.67

2.60

Market capitalization

On December 31, 2012, ABB Ltd’s market capitalization based on outstanding shares (total number of outstanding shares: 2,295,949,275) was approximately CHF 43 billion ($47.7billion, SEK 307.9 billion).

Shareholder structure

As of December 31, 2012, the total number of shareholders directly registered with ABB Ltd was approximately 188,000. In addition, another 243,000 shareholders hold shares indirectly through nominees. In total, ABB has approximately 431,000 shareholders.

Major shareholders

As of December 31, 2012, Investor AB, Stockholm, Sweden, owned 182,030,142 shares of ABB Ltd, corresponding to 7.9 percent of ABB’s total share capital and voting rights as registered in the Commercial Register on December 31, 2012. As of July 25, 2011, BlackRock, Inc., New York, U.S., owned 69,702,100 shares of ABB Ltd, corresponding to 3.0 percent of ABB’s total share capital and voting rights as registered in the Commercial Register on December 31, 2012. To the best of ABB’s knowledge, no other shareholder held 3 percent or more of ABB’s total share capital and voting rights as of December 31, 2012.

Dividend proposal

ABB’s Board of Directors has proposed a dividend for 2012 of CHF 0.68 per share, compared to CHF 0.65 per share in the prior year. Translated into U.S. dollars using year-end 2012 exchange rate, the dividend corresponds to approximately 63 percent of ABB’s 2012 net income. The proposal is in line with the Company’s dividend policy to pay a steadily rising, sustainable annual dividend over time. As it did in 2012, the Board proposes that the dividend be paid from ABB Ltd’s capital contribution reserve, a form of payment that would be exempt from Swiss withholding tax.

If approved by shareholders at the company’s Annual General Meeting on April 25, 2013, the ex-dividend date would be April 29, 2013, for shares traded on the SIX Swiss Exchange and NASDAQ OMX Stockholm and April 30, 2013, for American Depositary Shares traded on the New York Stock Exchange. The respective dividend payout dates would be May 3, 2013 in Switzerland, May 7, 2013 in Sweden, and May 10, 2013 in the United States.

Key data

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2012

2011

2010

(1)

Proposed by the Board of Directors and subject to approval by shareholders at the Annual General Meeting on April 25, 2013, in Zurich, Switzerland

(2)

Calculation based on dilutive weighted-average number of shares outstanding

(3)

Calculation based on the number of shares outstanding as of December 31

(4)

Dividend per share (converted to U.S. dollars at year-end exchange rates) divided by basic earnings per share

Dividend per share (CHF)

0.68(1)

0.65

0.60

Par value per share (CHF)

1.03

1.03

1.03

Votes per share

1

1

1

Earnings per share (USD)(2)

1.18

1.38

1.12

Total ABB stockholders’ equity per share (USD)(3)

7.36

6.89

6.52

Cash flow from operations per share (USD)(2)

1.65

1.58

1.83

Dividend pay out ratio (%)(4)

63%

50%

57%

Weighted-average number of shares outstanding (in millions)

2,293

2,288

2,287

Dilutive weighted-average number of shares outstanding (in millions)

2,295

2,291

2,291

ABB Ltd Annual General Meeting

The 2013 Annual General Meeting of ABB Ltd will be held at 10:00 a.m. on Thursday, April 25, 2013, at the Messe Zurich hall in Zurich-Oerlikon, Switzerland. The Annual General Meeting will be held principally in German and will be simultaneously translated into English and French. Shareholders entered in the share register, with the right to vote, by April 17, 2013, are entitled to participate in the Annual General Meeting.

Admission cards

Holders of registered shares of ABB Ltd will receive their admission cards on request using the reply form enclosed with the invitation. The reply form or a corresponding notification must reach the company no later than April 19, 2013. For technical reasons, notifications arriving after that date can no longer be taken into consideration. The full text of the invitation in accordance with Article 700 of the Swiss Code of Obligations will be published in the Schweizerisches Handelsamtsblatt of April 2, 2013.

For shareholders in Sweden an Information Meeting will be held in Västerås, Sweden, on April 26, 2013, at 10:00 a.m.

ABB shareholders’ calendar 2013

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First quarter 2013 results

April 24

ABB Ltd Annual General Meeting, Zurich

April 25

ABB Ltd Information Meeting, Västerås

April 26

Second quarter 2013 results

July 25

Third quarter 2013 results

October 24

Stock exchange listings

ABB Ltd is listed on the SIX Swiss Exchange, NASDAQ OMX Stockholm and the New York Stock Exchange.

The global ISIN code for the ABB share

CH 001 222 171 6

 

 

 

 

Ticker symbols for ABB Ltd

SIX Swiss Exchange

ABBN

 

NASDAQ OMX Stockholm

ABB

 

New York Stock Exchange (NYSE)

ABB

 

 

 

Ticker symbols for ABB Ltd at Bloomberg

SIX Swiss Exchange

ABBN VX

 

NASDAQ OMX Stockholm

ABB SS

 

New York Stock Exchange (NYSE)

ABB US

 

 

 

Ticker symbols for ABB Ltd at Reuters

SIX Swiss Exchange

ABBN.VX

 

NASDAQ OMX Stockholm

ABB.ST

 

New York Stock Exchange (NYSE)

ABB.N

*

ABB Ltd’s financing subsidiaries have also a Prime-1 rating, with the exception of ABB Capital B.V. which has a Prime-2 rating.

Standard & Poor’s

Long-term corporate credit rating

A

 

Long-term senior unsecured debt

A

 

Short-term corporate credit rating

A–1

 

Outlook: Stable

 

 

 

 

Moody’s

Long-term senior unsecured rating

A2

 

Short-term debt rating

Prime-1*

 

Outlook: Stable

 

These credit ratings are subject to revision at any time. ABB does not have any other agreements with internationally recognized statistical rating organizations to provide long-term and short-term credit ratings.

2011–2015 Financial targets and definitions

ABB has published financial targets for the period 2011 to 2015, which are available at www.abb.com/investorcenter. These comprise compound annual growth rates for revenues and earnings per share, as well as free cash flow as a percentage of net income, cash return on invested capital and operational EBITDA margin.

At the divisional level, ABB provides organic revenue growth targets on a compound annual growth rate basis as well as profitability targets in the form of Operational EBITDA margins. In December 2012, ABB announced the repositioning of Power Systems division to focus on higher-margin products, systems, services and software activities, together with revised targets for the division.

Operational EBITDA and operational EBITDA margin are defined in Note 23 to ABB’s Consolidated Financial Statements.

Free cash flow is calculated as net cash provided by operating activities adjusted for i) changes in financing and other non-current receivables, net, (included in Other investing activities) ii) purchases of property, plant and equipment and intangible assets, and iii) proceeds from sales of property, plant and equipment (included in Other investing activities).

Cash return on invested capital is calculated as the sum of i) net cash provided by operating activities and ii) interest paid; divided by the sum of i) fixed assets (before related accumulated amortization and depreciation), and ii) net working capital: less deferred tax liabilities recognized in certain acquisitions. Fixed assets is the sum of i) Property, plant and equipment, net, ii) Goodwill, iii) Other intangible assets, net, and iv) Investments in equity-accounted companies. Net working capital is the sum of i) Receivables, net, ii) Inventories, net, and iii) Prepaid expenses; less the sum of i) Accounts payable, trade, ii) Billings in excess of sales, iii) Employee and other payables, iv) Advances from customers, and v) Accrued expenses.

Bondholder information

Outstanding public bonds, as of February 28, 2013, are listed in the table below.

Download XLS (17 kB)

Issuer

Issued Principal Amount

Coupon

Due

ISIN

ABB Ltd

CHF 500 million

1.25%

10/11/2016

CH0139264961

ABB Ltd

CHF 350 million

1.50%

11/23/2018

CH0146696528

ABB Ltd

CHF 350 million

2.25%

10/11/2021

CH0139265000

ABB Finance (Australia) Pty Limited

AUD 400 million

4.25%

11/22/2017

AU3CB0202216

ABB Finance (USA) Inc.

USD 500 million

1.625%

05/08/2017

US00037BAA08

ABB Finance (USA) Inc.

USD 1,250 million

2.875%

05/08/2022

US00037BAB80

ABB Finance (USA) Inc.

USD 750 million

4.375%

05/08/2042

US00037BAC63

ABB Finance B.V.

EUR 1,250 million

2.625%

03/26/2019

XS0763122578

ABB International Finance Ltd.

EUR 700 million

4.625%

06/06/2013

XS0252915813

ABB Treasury Center (USA), Inc.

USD 600 million

2.50%

06/15/2016

144A: US00038AAA16
RegS: USU00292AA73

ABB Treasury Center (USA), Inc.

USD 650 million

4.00%

06/15/2021

144A: US00038AAB98
RegS: USU00292AB56

Thomas & Betts Corporation

USD 250 million

5.625%

11/15/2021

US884315AG74

2012 price trend for ABB Ltd shares

Zurich
Price trend for ABB Ltd shares, Zurich (line chart)
Stockholm
Price trend for ABB Ltd shares, Stockholm (line chart)
New York
Price trend for ABB Ltd shares, New York (line chart)

Source: Bloomberg