Investor information

Gas processing plant (photo)

ABB Ltd share price trend during 2013

During 2013, the price of ABB Ltd shares listed on the SIX Swiss Exchange increased 25 percent, while the Swiss Performance Index increased 25 percent. The price of ABB Ltd shares on NASDAQ OMX Stockholm increased 27 percent, while the OMX Stockholm 30 Index increased 21 percent. The price of ABB Ltd American Depositary Shares traded on the New York Stock Exchange increased 28 percent while the Dow Jones Industrial Average increased 26 percent.

Source: Bloomberg

Share price (data based on closing prices)

Download XLS (16 kB)

2013

SIX Swiss Exchange
(CHF)

NASDAQ OMX
Stockholm Exchange
(SEK)

New York
Stock Exchange
(US$)

Source: Bloomberg

High

 

23.53

 

172.30

 

26.56

Low

 

19.20

 

133.50

 

20.87

Year-end

 

23.48

 

170.00

 

26.56

Average daily traded number of shares, in millions

 

5.06

 

1.82

 

1.54

 

 

 

 

 

 

 

 

SIX Swiss Exchange

NASDAQ OMX
Stockholm Exchange

New York
Stock Exchange

 

High
(CHF)

Low
(CHF)

High
(CHF)

Low
(CHF)

High
(CHF)

Low
(CHF)

Annual highs and lows

 

 

 

 

 

 

2009

22.20

13.16

151.50

98.50

21.90

10.97

2010

23.86

18.43

161.30

129.00

22.69

16.05

2011

23.88

15.00

170.20

112.40

27.49

16.42

2012

20.12

14.83

146.70

109.00

21.91

15.42

Market capitalization

On December 31, 2013, ABB Ltd’s market capitalization based on outstanding shares (total number of outstanding shares: 2,300,649,304) was approximately CHF 54 billion ($61 billion, SEK 391 billion).

Shareholder structure

As of December 31, 2013, the total number of shareholders directly registered with ABB Ltd was approximately 172,000. In addition, another approximately 229,000 shareholders hold shares indirectly through nominees. In total, ABB has approximately 401,000 shareholders.

Major shareholders

As of December 31, 2013, Investor AB, Stockholm, Sweden, owned 186,580,142 shares of ABB Ltd, corresponding to 8.1 percent of total capital and votes of ABB Ltd as registered in the Commercial Register on December 31, 2013. As of July 25, 2011, BlackRock Inc., New York, USA, owned 69,702,100 shares of ABB Ltd, corresponding to 3.0 percent of total capital and votes of ABB Ltd as registered in the Commercial Register on December 31, 2013. To the best of ABB’s knowledge, no other shareholder held 3 percent or more of the total voting rights as of December 31, 2013.

Dividend proposal

ABB’s Board of Directors has proposed a dividend with respect to 2013 of CHF 0.70 per share, compared to CHF 0.68 per share with respect to the prior year. Translated into US dollars using year-end 2013 exchange rate, the dividend corresponds to approximately 65 percent of ABB’s 2013 net income per share. The proposal is in line with the Company’s dividend policy to pay a steadily rising but sustainable dividend over time. As it did in 2013, 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 30, 2014, the ex-dividend date would be May 5, 2014, for shares traded on the SIX Swiss Exchange and NASDAQ OMX Stockholm as well as for American Depositary Shares traded on the New York Stock Exchange. The respective dividend pay-out dates would be May 8, 2014, in Switzerland, May 12, 2014, in Sweden, and May 15, 2014, in the United States.

Key data

Download XLS (17 kB)

 

2013

2012

2011

(1)

Proposed by the Board of Directors and subject to approval by shareholders at the Annual General Meeting on April 30, 2014, 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 US dollars at year-end exchange rates) divided by basic earnings per share

Dividend per share (CHF)

0.70(1)

0.68

0.65

Par value per share (CHF)

1.03

1.03

1.03

Votes per share

1

1

1

Earnings per share (USD)(2)

1.21

1.18

1.38

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

8.12

7.36

6.89

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

1.58

1.65

1.58

Dividend pay out ratio (%)(4)

65%

63%

50%

Weighted-average number of shares outstanding (in millions)

2,297

2,293

2,288

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

2,305

2,295

2,291

ABB Ltd Annual General Meeting

The 2014 Annual General Meeting of ABB Ltd will be held at 10:00 a.m. on Wednesday, April 30, 2014, 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 22, 2014, 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 24, 2014. 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 4, 2014.

ABB shareholders’ calendar 2014

For shareholders in Sweden an Information Meeting will be held in Västerås, Sweden, on May 05, 2014, at 10:00 a.m.

Download XLS (15 kB)

First-quarter 2014 results

April 29

ABB Ltd Annual General Meeting, Zurich

April 30

ABB Ltd Information Meeting, Västerås

May 05

Second-quarter 2014 results

July 23

Capital Markets Day

September 9

Third-quarter 2014 results

October 22

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

Credit rating for ABB Ltd as of February 28, 2014

*

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/2015targets. 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.

Operational EBITDA represents income from operations excluding depreciation and amortization, restructuring and restructuring-related expenses, and acquisition-related expenses and certain non-operational items, as well as foreign exchange/commodity timing differences in income from operations consisting of: (i) unrealized gains and losses on derivatives (foreign exchange, commodities, embedded derivatives), (ii) realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized, and (iii) unrealized foreign exchange movements on receivables/payables (and related assets/liabilities).

Operational EBITDA margin is Operational EBITDA as a percentage of Operational revenues. Operational revenues are total revenues adjusted for foreign exchange/commodity timing differences in total revenues of: (i) unrealized gains and losses on derivatives, (ii) realized gains and losses on derivatives where the underlying hedged transaction has not yet been realized, and (iii) unrealized foreign exchange movements on receivables (and related assets).

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

Cash return on invested capital (CROI) is calculated as Adjusted cash return divided by Capital invested. Adjusted cash return is calculated as the sum of i) net cash provided by operating activities and ii) interest paid. Capital invested is the sum of i) Adjusted total fixed assets, ii) Net working capital and iii) Accumulated depreciation and amortization. Adjusted total 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 less v) deferred tax liabilities recognized in certain acquisitions.

Outstanding public bonds, as of February 28, 2014, are listed in the table below.

Download XLS (17 kB)

Bondholder Information

 

 

 

 

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%

08/08/2042

US00037BAC63

ABB Finance B.V.

EUR 1,250 million

2.625%

03/26/2019

XS0763122578

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

2013 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