Caterpillar Inc. (“Caterpillar”, “we” or “our”) is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers (“OEMs”). Caterpillar sells the majority of its machinery and power systems to independently owned and operated dealers and OEMs to meet the demands of their customers, the end users. Caterpillar believes that this supplemental information may help readers better understand Caterpillar’s business and the industries it serves, particularly in light of the time delay between Caterpillar’s sales to dealers and dealers’ sales to end users.

In this report we are providing information by geographic region for retail sales of machines in each of our Resource Industries and Construction Industries reportable segments, as well as information regarding total retail sales of our machines globally. For our Energy & Transportation reportable segment, we are providing retail sales information by major end use.

The information presented in this report is primarily based on unaudited reports that are voluntarily provided to Caterpillar by its independent dealers and which are not subject to Caterpillar’s internal controls over financial reporting. Accordingly, the data collected from such third parties may not be accurate and/or complete. As such, the information presented in this report is intended solely to convey an approximate indication of the trends, direction and magnitude of retail sales and is not intended to be an estimate, approximation or prediction of, or substitute for, Caterpillar’s audited financial statements filed with the U.S. Securities and Exchange Commission. This information is furnished under this report with the U.S. Securities and Exchange Commission. Caterpillar does not undertake to update or adjust prior period information.

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Analyst Coverage

Analyst reports are proprietary to the securities firm and its clients, and Caterpillar may not distribute these reports to investors. Following is contact information for all sell-side research analysts that actively cover Caterpillar.

Firm Analyst Phone Number Email Address
Argus Research John Eade 646-747-5445
Atlantic Equities Richard Radbourne 44 20 7382 2913
Bank of America Securities Michael Feniger 646-855-1923
Barclays Adam Seiden 212-526-2212
Bernstein Chad Dillard 212-969-1017
Citigroup Timothy Thein 212-816-6706
Cleveland Research Company Christopher Johnson 216-649-7222
Cowen and Company, LLC Matthew Elkott 646-562-1409
D.A. Davidson & Co. Michael Shlisky 212-223-5365
Daiwa Capital Markets  Jairam Nathan  212-612-6181
Deutsche Bank Nicole DeBlase 212-250-5916
Evercore ISI Institutional Equities David Raso 212-446-5647
Goldman Sachs Jerry Revich 212-902-4116
HSBC Helen Fang +852 2996 6942
Jefferies & Company Steve Volkmann 212-284-2031
JP Morgan Securities Tami Zakaria 212-622-9773
Melius Research Rob Wertheimer 212-503-6202
Morgan Stanley Angel Castillo 212-761-1931
Oppenheimer & Co. Inc. Kristen Owen 212-667-7794
Robert W. Baird Mircea Dobre 414-298-6138
Stifel Stanley Elliott 804-727-6364
Tigress Financial Partners LLC Ivan Feinseth 646-780-8901
UBS Securities Steve Fisher 212-713-8634
Wells Fargo Securities Seth Weber 212-214-0000
William Blair Larry DeMaria 212-237-2753
Wolfe Research Travis Harbauer 646-582-9343