ABB: Next stage of unlocking value

· Shaping four focused, market-leading, entrepreneurial divisions:
    · Electrification Products
    · Robotics and Motion
    · Industrial Automation
    · Power Grids

  · Continued Power Grids transformation under ABB ownership:
    · “Power Up” program aiming at growth, lower risk, earnings accretion
    · De-risked EPC business model
      · Partnership with Fluor for substations
      · Partnership with Aibel for offshore wind

    · Divesture of cable business expected in Q1 2017[1] (http://#_ftn1)
    · Raised margin target corridor 200bps to 10-14%, effective 2018

  · Realizing full potential as digital champion
    · “ABB Ability”: fully integrated digital offering across customer segments;
cements ABB’s leadership in the Fourth Industrial Revolution
    · Far-reaching partnership with Microsoft to develop next-generation digital
solutions
    · IoT pioneer Guido Jouret took office as Chief Digital Officer effective
October 1

  · Strengthening global ABB brand
    · Consolidation of 1000+ brands under the ABB master brand
    · Prerequisite for full value creation of digital offering
    · Writes ABB’s heritage as a pioneering technology leader into the future

  · White-collar productivity target increased by 30% to $1.3bn; timeline and
costs unchanged
  · All other financial targets confirmed
  · Second share buyback program of $3bn planned 2017 through 2019; capital
allocation priorities unchanged

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[1] (http://#_ftnref1) Subject to regulatory clearances and fulfilment of the
closing conditions.