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Q3 2026 RESUL TS Vibrant market environment; strong operational performance Z U R I C H , S W I T Z E R L A N D | O C T O B E R 2 0 , 2 0 2 6 | M O R T E N W I E R O D , C E O ; C H R I S T I A N N I L S S O N, C F O
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— © 2026 ABB. All rights reserved. Slide 2 Important notices This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, and the economic conditions of the regions and industries that are major markets for ABB Ltd. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “guidance”, “plans,” “outlook,” “on track,” “framework” or similar expressions. There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this presentation and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others: • business risks associated with the volatile global economic environment and political conditions • costs associated with compliance activities • market acceptance of new products and services • changes in governmental regulations and currency exchange rates. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. This presentation contains alternative performance measures. Definitions of these measures and reconciliations between these measures and their US GAAP counterparts can be found in the “Supplemental Reconciliations and Definitions” section of the “Financial Information” booklet found under “Q3 2026” on our website at global.abb/group/en/investors/quarterly- results.
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— © 2026 ABB. All rights reserved. Slide 3 — Q3 2026 Selected highlights +40%1 order growth +14%1 revenues +$24 mn YoY FCF $1,576 mn 20.8% Op. EBITA margin +160bps YoY 1. YoY Comparable 29.9% ROCE +510 bps YoY Launch of Infinitus Direct Current portfolio with source-to-rack solutions for high power data centers ABB acquiring 51% ownership in joint venture formed with Mitsubishi Electric Vibrant market environment; strong operational performance
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— © 2026 ABB. All rights reserved. Slide 4 — JV with Mitsubishi Electric on low voltage power distribution products Positions ABB as market leader in Japan Complementary strengths to accelerate growth ▪ Scale ABB proven technologies through Mitsubishi Electric’s installed base ▪ Gain market share in APAC through broader offering and dual brand strategy ▪ Aligned with ABB’s local-for-local strategy with sourcing and production close to customers ▪ Transforms ABB Electrification’s limited presence in Japan to a market leading position in one of the world’s largest low voltage electrification markets ▪ Access to Mitsubishi Electric’s leading brand and low-voltage portfolio Circuit Breakers Motor Starters Meters
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— © 2026 ABB. All rights reserved. Slide 5 Path to full ownership in the mid-term ∼$640 mn revenues in fiscal year 2025 with a low double-digit EBITDA margin — Value creation through M&A ABB invests ~$495 mn to acquire a controlling 51% stake in newly formed company, and full ownership of related sales operations outside of Japan Full consolidation of JV in ABB Electrification business area Target to improve Op. EBITA margin to at least 20% within 5 years Best-of-both-worlds integration principle for platforms and technology; similar to GEIS integration Expected deal completion in H2 2027 EV/Sales ~1.4x EV/EBITDA ~11.1x EPS accretive after year 1 IRR well above cost of capital EV/EBITDA reducing into the mid- to high-single digit range with expected revenue and cost synergies Combined businesses valued at total EV of ∼$890 mn
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INFINITUS DC PORTFOLIO Enabling the Data Center transition toward DC technology 1 2 3 Market-first source-to-rack DC portfolio for new DC Data Center architectures, positioning ABB as the industry leader in enabling next-generation data centers In 2027, the main critical building blocks in place across today’s transitional hybrid and target architectures Capture opportunities across the entire market and all geographies, regardless of customers’ chosen pace of adoption
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— © 2026 ABB. All rights reserved. Slide 7 Infinitus DC Portfolio | The industry’s first source-to-rack DC portfolio 5 Key Building Blocks – DC Power Architecture SOURCE GREY-SPACE INFRASTRUCTURE – POWER ROOM WHITE-SPACE 13.8 - 35 kV MV – DC Conversion MV Switchgear / Ring Main Unit DC Main distribution MV Backup Genset/Gas Turbine MV GRID 13,8-35 kV Energy storage B E S S / H B E S S 800 VDC DC BUSWAY AI load smoothing system Compute Racks Row 800 VDC MV AC LV AC DC S y n c h r o n o u s C o n d e n s e r G Coolant Distribution Unit (CDU) MEDIUM VOLTAGE POWERTRAINS DC SOURCES & POWER QUALITY DC POWER DISTRIBUTION DC POWER PROTECTION COOLING OPTIMIZATION 01 MEDIUM VOLTAGE POWERTRAINS Shielding the grid from AI power demands 02 DC SOURCES & POWER QUALITY High-efficiency DC conversion outside the white space 03 DC POWER DISTRIBUTION Higher power density in a smaller footprint 04 DC POWER PROTECTION Protecting people and critical hardware from overcurrents 05 COOLING OPTIMIZATION Reducing energy use across the full cooling chain MV UPS SYSTEM
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Evolution of DC topologies Meeting customers’ needs across all levels of DC readiness SOURCE GREY-SPACE INFRASTRUCTURE - POWER ROOM/POD Application — MV AC LV AC DC WHITE-SPACE Market Availability Native-DC Centralized 2027 - 2028 Energy storage 0 Legacy AC Today baseline architecture LV AC Switchgear AC UPS (up to 2,5-4,5 MW) LV AC distribution 480 or 415 VAC MV SWG G MV/LV MV GRID 13,8-35 kV LV Backup Genset MAIN PDU PDU Step-down TX (optional) Rack PDU Rack PSU415 VAC 415 VAC 480 VAC RPP Today Grid Support Solutions Whitespace localized DC1 LV AC Switchgear 800 VDC Side-car (up to 1 MW) AC UPS (up to 2,5 - 4,5 MW) LV AC distribution Rack Lineup 480 or 415 VAC Energy storage MV SWG G MV/LV MV GRID 13,8-35 kV 800 VDC or ± 400 VDC LV Backup Genset Optional BBU/CBU 480 or 415 VAC 2026 - 2027 Grid Support Solutions 2 DC UPS (up to 2,5 - 5 MW) DC Main distribution Energy storage MV SWG G MV/LV MV GRID 13,8-35 kV LV Backup Genset LV AC Switchgear DC BUSWAY AI load smoothing system DC RPP Compute Racks Row 800 VDC 800 VDC Grid Support Solutions 3 MV SWG /RMU TRU solution Transformer Rectifier Unit - up to 4.5 MW 13,8 - 35 kV Energy storage DC Main distribution G MV Backup Genset/Gas Turbine MV GRID 13,8-35 kV 800 VDC DC BUSWAY AI load smoothing system DC RPP Compute Racks Row 800 VDC MV UPS SYSTEM Grid Support Solutions Native-DC Centralized high density4 13.8 - 35 kV SST solution Solid State Transformer unit - 3-6 MW (7-10 MW on roadmap) MV SWG /RMU DC Main distribution G MV Backup Genset/Gas Turbine MV GRID 13,8-35 kV Energy storage 800 VDC DC BUSWAY AI load smoothing system DC RPP Compute Racks Row 800 VDC 13.8 kV 2027 35 kV 2028+ MV UPS SYSTEM Grid Support Solutions
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— © 2026 ABB. All rights reserved. Slide 9 White space ~45% of CapEx Power infrastructure CapEx spend shifting to GREY SPACE Advantage to ABB Data Center offerings centered around grey space C U R R E N T Data Center architecture F U T U R E Native DC centralized high density Data Center architecture Content increase • MV UPS or DC UPS • SST • LV DC distribution, busways • DC CBs & SSCBs • Grid stability • ... Content reduction • AC PDUs, rack PDU/PSU • AC distribution, busways • LV SWGR, transformers • … Grey space ~55% of CapEx Grey space up to ~75% of CapEx White space ~25% of CapEx ~250GW Total data center installed capacity by 2030 25-40% DC capacity (GW) installed in 2030 1. Based on Datacenter Industry Model – SemiAnalysis report and ABB expert interviews, Electrical Power infrastructure scope of supply and excludes GenSets, Cooling and IT Rack solutions as well as any IT Equipment
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STRA TEGIC PARTNERSHIP DRIVING FUTURE ELECTRIFICATION ABB partnering with Ferrari Hypersail, leveraging >25 years of Direct Current expertise to support development of 800 VDC power systems used in the most demanding conditions on Earth SHAPING THE TRANSITION TO THE NEXT ELECTRICAL ARCHITECTURE • New report makes case that DC is moving from the periphery to the center of industrial, commercial, and digital infrastructure • Hybrid AC/DC systems combine both technologies’ strengths; common standards and skills can speed adoption
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— Record orders; strength across most customer segments 7,658 8,606 12,055 2% 10% 40% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Orders ($ mn) Comparable growth % Orders +40%1 7,591 8,491 9,701 3% 10% 14% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Revenues ($ mn) Comparable growth % Revenues +14%1 Discrete Market sentiment improving in the machine builder segment where order growth was strong Process Orders up in oil & gas. Mining broadly stable, with initial signs of increasing customer interactions. Activity increased among nuclear customers Short-cycle Orders in short-cycle businesses at double-digit growth Data centers & utilities Exceptional triple-digit data center growth. Utilities market saw strong improvement driven by grid investments Order backlog at $32.3 bn, +37%1 1. YoY comparable Buildings Commercial improved in all regions. Residential broadly stable in Europe and US, remains weak in China 31,094 34,042 45,711 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 30,285 32,164 36,962 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Book-to-bill 1.24 Orders, R12M Revenues, R12M Transport & infrastructure Continued strong, rail slightly down on high comparable, land-based infrastructure, marine and ports strong Notable order developments comparable % YoY, unless otherwise indicated
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— © 2026 ABB. All rights reserved. Slide 12 Broad-based regional strength Q3 2026 regional, country orders The Americas +70% USA Sharp growth in EL, growth in AU, MO stable ~50% growth in base orders +82% Canada +44% Brazil -27% Europe +10% Germany Strong growth in MO and EL, AU declined +11% Italy -7% United Kingdom +38% AMEA +29% China Growth across all business areas; EL and MO up double-digits +25% India1 Very strong Australia +60% All data presented on a YoY comparable basis; all growth comments refer to comparable growth trends. Performance highlighted for largest 3 countries in $ mn terms in each region. EL = Electrification. MO = Motion. AU = Automation. 1. Qualitative commentary only. As a separately listed entity, financial figures are subject to a later reporting date.
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— © 2026 ABB. All rights reserved. Slide 13 — Operational EBITA +24% YoY Improved business performance Operational EBITA margin +160 bps YoY Gross profit +13% • Gross margin declined 60 bps to 40.6%, with unrealized FX and commodity derivatives as the largest adverse driver Basic EPS Net income attributable to ABB $0.65 -2% YoY $1,181 mn -2% YoY Corporate and other Operational EBITA -$132 mn vs -$166 mn in prior year: • Corporate costs and other -$89 mn vs -$109 mn • E-mobility -$18 mn vs -$26 mn • Stranded costs -$25 mn vs -$31 mn, due to announced Robotics divestment Earnings and profitability drivers • Driven primarily by operational leverage on higher volumes • Positive price development and operational efficiencies more than offset inflationary impacts • No material tariff-related net impact on earnings 1,457 1,633 2,026 19.2% 19.2% 20.8% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Op. EBITA ($ mn) Op. EBITA margin (%) 12M Rolling margin Net income adversely impacted mainly by • Finance net -$115 million related to non-cash revaluation of a deal contingent FX hedge linked to the ongoing Rotork acquisition • Discontinued operations -$43 million
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— © 2026 ABB. All rights reserved. Slide 14 Surging orders, performance improvement across most P&L headlines Q3 2026 Electrification • The current strong short-cycle demand in combination with order backlog execution resulted in growth in all divisions • Higher volumes the main driver of growth, complemented by robust price contribution • 1% additional growth from FX • Book-to-bill 1.41x • Operational EBITA margin +110 bps YoY o Operational leverage on higher volumes was the main driver to the earnings improvement o Strong net price contribution broadly offset the impacts from commodity inflation o Efficiency improvements offset higher spend on R&D and SG&A, however both reduced in relation to revenues 24.1% 24.5% 25.6% 20% 24% 28% 0 300 600 900 1’200 1’500 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Op. EBITA ($ mn) Op. EBITA margin (%) 12M Rolling margin 10% 13% 21% -5% 10% 25% 3,000 4,000 5,000 6,000 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Revenues ($ mn) Revenues growth (comparable % YoY) Revenues $5,424 mn Operational EBITA $1,394 mn, +27% YoY • New record order level, 7th consecutive quarter of sequential growth • Double-digit order growth across all large customer segments, led by triple-digit growth in data centers • Utilities invest in refurbishment and build-out of the grid to secure power availability and efficiency • Positive developments recorded in electrical infrastructure linked to transport, such as tunnels, bridges, airports • The buildings segment improved overall, with a strong performance in commercial markets outweighing a muted residential market • Backlog $16.0 bn (prior Q-end $13.7 bn) 10% 10% 70% 0% 30% 60% 90% 2,000 3,500 5,000 6,500 8,000 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Orders ($ mn) Orders growth (comparable % YoY) Orders $7,671 mn
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— © 2026 ABB. All rights reserved. Slide 15 High market activity supports orders Q3 2026 Motion • Strong short-cycle demand as well as continued backlog execution • Higher volumes the primary growth driver, complemented by a solid price contribution • Gamesa power electronics acquisition contributing 2% of portfolio change impact • Book-to-bill 1.06x • Gross margin drop of 260 basis points; half of the impact due to unrealized FX and commodities derivatives which do not impact Op. EBITA margin • Operational EBITA margin declined 100 bps YoY o Low performance in the acquired Gamesa business also weighed on gross margin, with an impact of ~40 bps on Op. EBITA margin o Positive absolute price, margin impact offset by inflation on commodities 20.7% 20.1% 19.1% 14% 18% 22% 0 250 500 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Op. EBITA ($ mn) Op. EBITA margin (%) 12M Rolling margin 1% 3% 9% -10% 0% 10% 20% 30% 1,000 1,500 2,000 2,500 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Revenues ($ mn) Revenues growth (comparable % YoY) -4% 17% 12% -10% 10% 30% 1,200 1,700 2,200 2,700 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Orders ($ mn) Orders growth (comparable % YoY) Orders $2,455 mn Revenues $2,320 mn Operational EBITA $449 mn, +7% YoY • High order growth principally driven by strong momentum in short-cycle businesses, partially offset by order timing effects in the project and systems segments • Along with strong grid investments, there was persistent strength in rail although orders declined • Positive trends in HVAC for commercial buildings and data center cooling • Strength was noted in food & beverage, pulp & paper, marine and mining • Oil & gas remained broadly stable while chemical demand was soft • Backlog $7.1 bn (prior Q-end $7.0 bn)
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— © 2026 ABB. All rights reserved. Slide 16 Solid markets; strong margin improvement Q3 2026 Automation • Supported by order backlog execution, as well as positive development in both the service and product business • 1% additional growth from FX • Book-to-bill 0.99x • Gross margin decline of 180 bps with approximately half of drop due to impacts from unrealized FX and commodities derivatives • Operational EBITA margin +90 bps YoY o Positive pricing, not fully compensating the combined hampering impacts from mix and input cost inflation in the quarter o Efficient execution of the order backlog with improved profitability supported Op. EBITA margin 13.3% 13.9% 14.8% 10% 13% 16% 0 100 200 300 400 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Op. EBITA ($ mn) Op. EBITA margin (%) 12M Rolling margin -2% 7% 5% -10% 0% 10% 20% 1’000 1’500 2’000 2’500 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Revenues ($ mn) Revenues growth (comparable % YoY) Revenues $2,126 mn Operational EBITA $315mn, +13% YoY -6% 8% 0% -30% -10% 10% 30% 50% 1’000 2’000 3’000 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Orders ($ mn) Orders growth (comparable % YoY) Orders $2,114 mn • Order intake stable year-on-year, reflecting continued firm underlying demand and some timing impact on large order bookings • Marine and ports see continued high demand • Oil & gas remain robust despite Middle East weakness • Demand remains softer in the process industry- related markets like pulp & paper and chemicals • Mining orders remained muted, but initial increase in customer interactions was noted • High customer activity related to nuclear • Backlog at $10.6 bn (prior Q-end $10.5 bn)
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— © 2026 ABB. All rights reserved. Slide 17 Well on track toward improving 2026 FCF from $4.6bn in 2025 — Free Cash Flow ($ mn) 551 652 1’250 918 845 881 1’173 1’552 1’576 1’295 1’517 2024 2025 2026 Q1 Q2 Q3 Q4 $1,576 mn, +$24 mn YoY • Q3 increase driven by higher earnings in Continuing operations • While Net income declined, the decrease was primarily attributable to non-cash charges and Discontinued operations Strong Free Cash Flow in Q3 12 months rolling Free Cash Flow margin1 1. Free Cash Flow from continuing operations 0% 4% 8% 12% 16% 20% Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26
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Q4 2026 — Outlook Revenues • Comparable revenue growth broadly similar to Q3 Operational EBITA % • Operational EBITA margin to sequentially soften, although less than the historical pattern1 FY 2026 Revenues • Low-teens growth YoY in comparable revenues • Book-to-bill above 1 Operational EBITA % • Reported Operational EBITA margin should improve by at least 270 bps YoY 1. Excluding the positive impact of ~CHF240 million related to a property sale completed in Q4 2026.
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Appendix
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— © 2026 ABB. All rights reserved. Slide 20 2026 framework Finance net5 ~0 From ~150 Effective tax rate3 ~25% Capital expenditure ~(1,000) 2026 framework 1. Excludes one project estimated at a total of ~$100 million, that is ongoing in the non-core business. Exact exit timing is difficult to assess due to legal proceedings etc. 2. Excludes Operational EBITA from E-mobility business and includes the real estate gains of $377 million in Q1 2026 and ~CHF240 million in Q4 2026 3. Excludes the impact of acquisitions or divestments or any significant non-operational items. Does not include expected $2.4 billion Robotics divestment gain 4. Framework assumes stranded cost for the full year. Closing of Robotics divestment expected in the fourth quarter of 2026 5. Including the impact of the Deal-contingent FX contract related to the Rotork acquisition $ mn unless otherwise stated Q3 26 Q4 26 framework 20261 framework Corporate and Other Operational EBITA2 (114) ~140 ~200 From (100) of which stranded costs4 (25) ~(25) ~(100) Non-operating items: PPA-related amortization (51) ~(45) ~(195) Separation and integration (40) ~(35) ~(100) From ~(75) Restructuring and related and Business transformation (42) ~(45) ~(200)
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— © 2026 ABB. All rights reserved. Slide 21 Items impacting comparability: Non-core business. Portfolio changes: Gamesa Electric power electronics (Spain). Operational EBITA bridge 630 Q3 2025 Volume/price -238 Operations -3 Items impacting comparability 6 FX -2 Portfolio changes Q3 2026 1,633 2,026 Operational performance $392 million Comparable revenues 14% growth 20.8%19.2% Operational EBITA ($ mn) Operational EBITA margin (%) Accretion / dilution (%) +1.7 0.00.0 -0.1