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Fiscal Year 2009
                                                                  Second Quarter
                                                                  Conference Call
                                                                  April 29, 2009




Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Safe Harbor Statement

‱   This presentation contains statements (including certain projections and business trends) that are “forward-looking
    statements” as defined in the Private Securities Litigation Reform Act of 1995. Words such as “believe”, “estimate”, “project”,
    “plan”, “expect”, “anticipate”, “will”, “intend” and other similar expressions may identify forward-looking statements.
‱   Actual results may differ materially from those projected as a result of certain risks and uncertainties, many of which are
    beyond our control, including but not limited to:
     –   economic changes in global markets where we compete, such as currency exchange rates, inflation rates, recession, interest rates and the
         volatility and disruption of the capital and credit markets for us, our customers and our suppliers;
     –   laws, regulations and governmental policies affecting our activities in the countries where we do business;
     –   successful development of advanced technologies and demand for and market acceptance of new and existing products;
     –   general global and regional economic, business or industry conditions, including levels of capital spending in industrial markets;
     –   the availability, effectiveness and security of our information technology systems;
     –   competitive product and pricing pressures;
     –   disruption of our operations due to natural disasters, acts of war, strikes, terrorism or other causes;
     –   intellectual property infringement claims by others and the ability to protect our intellectual property;
     –   our ability to successfully address claims by taxing authorities in the various jurisdictions where we do business;
     –   our ability to attract and retain qualified personnel;
     –   the uncertainties of litigation;
     –   disruption of our distribution channels;
     –   the availability and price of components and materials;
     –   the ability of our divested businesses to satisfy certain obligations that they have assumed;
     –   successful execution of our cost productivity, restructuring and globalization initiatives;
     –   our ability to execute strategic actions, including acquisitions and integration of acquired businesses; and
     –   other risks and uncertainties, including but not limited to those detailed from time to time in our Securities and Exchange Commission filings.
‱   These forward-looking statements reflect our beliefs as of the date of filing this presentation. We undertake no obligation to
    update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.




                                                Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Notice Regarding Financial Information

‱ This presentation contains non-GAAP financial information.
  Reconciliations from GAAP to non-GAAP measures are contained in the
  appendix of this presentation.
‱ All information should be read in conjunction with the historical financial
  statements contained in Rockwell Automation’s Annual Report on Form
  10-K, periodic reports on Form 10-Q and Form 8-K, and public
  announcements of financial information.
‱ Copies of these reports, as well as a financial information overview, are
  available on the Investor Relations section of Rockwell Automation’s
  website at www.rockwellautomation.com.




                         Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Q2 Results: Summary

     ($ millions, except per share amounts)




                                                                                      Q2 2009                 Q2 2008

Total Sales                                                                       $        1,058.1        $      1,406.6

Total Segment Operating Earnings                                                  $             86.2      $       240.3
Purchase Accounting Depreciation and Amortization                                               (4.8)               (6.5)
General Corporate - Net                                                                        (14.7)              (16.6)
Interest Expense                                                                               (15.3)              (17.5)
Special Items                                                                                     4.0               -
Income Tax Provision                                                                           (14.8)             (56.9)
Income from Continuing Operations                                                 $             40.6      $       142.8


Diluted EPS                                                                       $             0.29      $        0.96


Diluted EPS Excluding Special Items                                               $             0.27      $        0.96

Avg. Diluted Shares                                                                           142.1               148.7




                                                                                                                            Chart 1
                                        Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Q2 Results: Rockwell Automation

                           Sales                                                         Segment Operating Earnings
($ millions)                                                          ($ millions)




                                                                            ‱ Segment operating earnings down 64% YOY
        ‱ Sales decreased 25% YOY, 18% excluding
          currency translation
                                                                            ‱ Decrease primarily due to significant revenue
                                                                              decline. Segment operating earnings also lower
        ‱ Sales decreased 11% sequentially
                                                                              due to pre-tax restructuring charges and
                                                                              unfavorable mix, partially offset by cost
                                                                              reductions
                                                                            ‱ Segment operating margin contracted 9.0 pts.
                                                                              YOY to 8.1%
                                                                                                                         Chart 2
                                      Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Q2 Results: Architecture & Software

                        Sales                                                         Segment Operating Earnings
                                                                   ($ millions)
($ millions)




                                                                           ‱ Segment operating earnings down 76% YOY
    ‱ Sales decreased 34% YOY, 28% excluding currency
      translation                                                          ‱ Segment operating margin contracted 15.0 pts.
                                                                             YOY to 8.4%
    ‱ Sales decreased 22% sequentially




                                                                                                                       Chart 3
                                   Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Q2 Results: Control Products & Solutions

                         Sales                                                        Segment Operating Earnings
                                                                     ($ millions)
($ millions)




                                                                           ‱ Segment operating earnings down 47% YOY
     ‱ Sales decreased 18% YOY; 10% excluding currency
       translation                                                         ‱ Segment operating margin contracted 4.4 pts.
     ‱ Sales decreased 3% sequentially                                       YOY to 8.0%




                                                                                                                       Chart 4
                                   Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Q2 Results: Regional Sales

        ($ millions)

                                                                                               Adjusted
                              Reported                                 % Change              For Currency
Region                         Sales                                   vs. Q2 08              % Change

U.S.                   $         538.3                                         -25%              -24%

Canada                              62.2                                       -36%              -21%

EMEA                             244.4                                         -28%              -16%

Asia-Pacific                     133.3                                         -19%               -9%

Latin America                       79.9                                       -11%               12%


TOTAL                  $      1,058.1                                          -25%              -18%




                                                                                                            Chart 5
                           Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Q2 Results: Free Cash Flow

        ($ millions)




                                                                                   Q2 2009         YTD
Income from Cont. Ops                                                               $ 40.6        $ 156.2

Depreciation/Amortization                                                                32.1       64.4

Receivables/Inventory/Payables                                                           89.4       77.5

Compensation and Benefits                                                                (18.6)     (73.6)

Other                                                                                    26.9        (4.9)

Capital Expenditures                                                                     (18.3)     (45.7)

Free Cash Flow                                                                      $ 152.1       $ 173.9




                                                                                                             Chart 6
                       Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
2009 Revised Guidance



 Revenue Growth
      Excluding Currency Translation                                                                   -16% to -18%
      Currency Translation                                                                                 -7%

 Segment Operating Margin                                                                               9% to 11%

 Diluted EPS(1)                                                                                        $1.40 - $1.70

 Free Cash Flow                                                                               ~110% of Net Income



 (1)
       Excludes the impact of any future restructuring actions




 Note: As of April 29, 2009


                                                                                                                       Chart 7
                                     Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Appendix

                                                                  Reconciliation to Non-
                                                                  GAAP Measures




Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Reconciliation to Non-GAAP Measures

Organic Sales                                                         Three Months Ended March 31,
(in millions, except percentages)                                            2009                                              2008

                                                                             Sales                                                                               Revenue
                                                         Effect of         Excluding                                                         Revenue         Growth (Decline)       Organic
                                                        Changes in        Changes in       Effect of          Organic                     Growth (Decline)      x-currency      Growth (Decline)
                                        Sales(a)         Currency         Currency(b)     Acquisitions        Sales(c)        Sales(d)        (a)/(d)             (b)/(d)           (c)/(d)


United States                       $       538.3   $           5.2   $          543.5   $        (0.4)   $       543.1   $       717.0         -25%             -24%                 -24%
Canada                                       62.2              14.7               76.9             -               76.9            96.9         -36%             -21%                 -21%
Europe, Middle East, Africa                 244.4              40.8              285.2            (1.4)           283.8           337.7         -28%             -16%                 -16%
Asia-Pacific                                133.3              17.9              151.2             -              151.2           165.5         -19%              -9%                  -9%
Latin America                                79.9              20.3              100.2             -              100.2            89.5         -11%              12%                  12%
    Total                           $     1,058.1   $          98.9   $        1,157.0   $        (1.8)   $     1,155.2   $     1,406.6         -25%             -18%                 -18%


                                                                      Three Months Ended March 31,
                                                                             2009                                              2008
                                                                             Sales                                                                               Revenue
                                                         Effect of         Excluding                                                         Revenue         Growth (Decline)       Organic
                                                        Changes in        Changes in       Effect of          Organic                     Growth (Decline)      x-currency      Growth (Decline)
                                        Sales(a)         Currency         Currency(b)     Acquisitions        Sales(c)        Sales(d)        (a)/(c)             (b)/(d)           (c)/(d)


Archetecture & Software             $       393.5   $          36.4   $          429.9   $        (1.8)   $       428.1   $       599.0         -34%             -28%                 -29%
Control Products & Solutions                664.6              62.5              727.1             -              727.1           807.6         -18%             -10%                 -10%
    Total                           $     1,058.1   $          98.9   $        1,157.0   $        (1.8)   $     1,155.2   $     1,406.6         -25%             -18%                 -18%




                                                                          Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Reconciliation to Non-GAAP Measures cont’d

Segment operating margin
(in millions, except percentages)                                                                   Three Months Ended    Three Months Ended
                                                                                                      March 31, 2009        March 31, 2008
Sales
       Architecture & Software (a)                                                                  $            393.5    $             599.0
       Control Products & Solutions (b)                                                                          664.6                  807.6
Total sales (c)                                                                                     $          1,058.1    $           1,406.6

Segment operating earnings
       Architecture & Software (d)                                                                  $             33.2    $             139.9
       Control Products & Solutions (e)                                                                           53.0                  100.4
Total segment operating earnings (f)                                                                              86.2                  240.3

Purchase accounting depreciation and amortization                                                                 (4.8)                  (6.5)
General corporate - net                                                                                          (14.7)                 (16.6)
Interest expense                                                                                                 (15.3)                 (17.5)
Special items                                                                                                      4.0                    -
Income from continuing operations before income taxes                                               $             55.4    $             199.7

Segment operating margin:
     Architecture & Software (d/a)                                                                                8.4%                  23.4%
     Control Products & Solutions (e/b)                                                                           8.0%                  12.4%
     Total (f/c)                                                                                                  8.1%                  17.1%




                                             Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Reconciliation to Non-GAAP Measures cont’d


    EPS excluding special items                                                    Three Months Ended
    (in millions, except per share amounts)                                                 March 31,
                                                                                      2009            2008


    Income from continuing operations                                             $     40.6      $ 142.8
                                                                                        (2.8)          -
    Special items, net of tax

    Income from continuing operations excluding special items                     $     37.8      $ 142.8


    Diluted Earnings Per Share
    Income from continuing operations                                             $     0.29      $      0.96
                                                                                       (0.02)             -
    Special items

                                                                                  $     0.27      $      0.96
    Income from continuing operations excluding special items


                                                                                       142.1            148.7
    Average diluted shares




                          Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Reconciliation to Non-GAAP Measures cont’d


     Free Cash Flow
     (in millions)
                                                                   Three Months          Six Months
                                                                      Ended                Ended
                                                                    March 31,            March 31,
                                                                       2009                 2009


     Cash provided by continuing operating activities               $        169.9       $    218.7
     Capital expenditures of continuing operations                           (18.3)           (45.7)
     Excess income tax benefit from the exercise
         of stock options                                                      0.5              0.9
     Free cash flow                                                 $        152.1       $    173.9




                       Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
Copyright © 2009 Rockwell Automation, Inc. All rights reserved.

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Q1 2009 Earning Report of Rockwell Automation Inc.

  • 1. Fiscal Year 2009 Second Quarter Conference Call April 29, 2009 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 2. Safe Harbor Statement ‱ This presentation contains statements (including certain projections and business trends) that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Words such as “believe”, “estimate”, “project”, “plan”, “expect”, “anticipate”, “will”, “intend” and other similar expressions may identify forward-looking statements. ‱ Actual results may differ materially from those projected as a result of certain risks and uncertainties, many of which are beyond our control, including but not limited to: – economic changes in global markets where we compete, such as currency exchange rates, inflation rates, recession, interest rates and the volatility and disruption of the capital and credit markets for us, our customers and our suppliers; – laws, regulations and governmental policies affecting our activities in the countries where we do business; – successful development of advanced technologies and demand for and market acceptance of new and existing products; – general global and regional economic, business or industry conditions, including levels of capital spending in industrial markets; – the availability, effectiveness and security of our information technology systems; – competitive product and pricing pressures; – disruption of our operations due to natural disasters, acts of war, strikes, terrorism or other causes; – intellectual property infringement claims by others and the ability to protect our intellectual property; – our ability to successfully address claims by taxing authorities in the various jurisdictions where we do business; – our ability to attract and retain qualified personnel; – the uncertainties of litigation; – disruption of our distribution channels; – the availability and price of components and materials; – the ability of our divested businesses to satisfy certain obligations that they have assumed; – successful execution of our cost productivity, restructuring and globalization initiatives; – our ability to execute strategic actions, including acquisitions and integration of acquired businesses; and – other risks and uncertainties, including but not limited to those detailed from time to time in our Securities and Exchange Commission filings. ‱ These forward-looking statements reflect our beliefs as of the date of filing this presentation. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 3. Notice Regarding Financial Information ‱ This presentation contains non-GAAP financial information. Reconciliations from GAAP to non-GAAP measures are contained in the appendix of this presentation. ‱ All information should be read in conjunction with the historical financial statements contained in Rockwell Automation’s Annual Report on Form 10-K, periodic reports on Form 10-Q and Form 8-K, and public announcements of financial information. ‱ Copies of these reports, as well as a financial information overview, are available on the Investor Relations section of Rockwell Automation’s website at www.rockwellautomation.com. Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 4. Q2 Results: Summary ($ millions, except per share amounts) Q2 2009 Q2 2008 Total Sales $ 1,058.1 $ 1,406.6 Total Segment Operating Earnings $ 86.2 $ 240.3 Purchase Accounting Depreciation and Amortization (4.8) (6.5) General Corporate - Net (14.7) (16.6) Interest Expense (15.3) (17.5) Special Items 4.0 - Income Tax Provision (14.8) (56.9) Income from Continuing Operations $ 40.6 $ 142.8 Diluted EPS $ 0.29 $ 0.96 Diluted EPS Excluding Special Items $ 0.27 $ 0.96 Avg. Diluted Shares 142.1 148.7 Chart 1 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 5. Q2 Results: Rockwell Automation Sales Segment Operating Earnings ($ millions) ($ millions) ‱ Segment operating earnings down 64% YOY ‱ Sales decreased 25% YOY, 18% excluding currency translation ‱ Decrease primarily due to significant revenue decline. Segment operating earnings also lower ‱ Sales decreased 11% sequentially due to pre-tax restructuring charges and unfavorable mix, partially offset by cost reductions ‱ Segment operating margin contracted 9.0 pts. YOY to 8.1% Chart 2 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 6. Q2 Results: Architecture & Software Sales Segment Operating Earnings ($ millions) ($ millions) ‱ Segment operating earnings down 76% YOY ‱ Sales decreased 34% YOY, 28% excluding currency translation ‱ Segment operating margin contracted 15.0 pts. YOY to 8.4% ‱ Sales decreased 22% sequentially Chart 3 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 7. Q2 Results: Control Products & Solutions Sales Segment Operating Earnings ($ millions) ($ millions) ‱ Segment operating earnings down 47% YOY ‱ Sales decreased 18% YOY; 10% excluding currency translation ‱ Segment operating margin contracted 4.4 pts. ‱ Sales decreased 3% sequentially YOY to 8.0% Chart 4 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 8. Q2 Results: Regional Sales ($ millions) Adjusted Reported % Change For Currency Region Sales vs. Q2 08 % Change U.S. $ 538.3 -25% -24% Canada 62.2 -36% -21% EMEA 244.4 -28% -16% Asia-Pacific 133.3 -19% -9% Latin America 79.9 -11% 12% TOTAL $ 1,058.1 -25% -18% Chart 5 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 9. Q2 Results: Free Cash Flow ($ millions) Q2 2009 YTD Income from Cont. Ops $ 40.6 $ 156.2 Depreciation/Amortization 32.1 64.4 Receivables/Inventory/Payables 89.4 77.5 Compensation and Benefits (18.6) (73.6) Other 26.9 (4.9) Capital Expenditures (18.3) (45.7) Free Cash Flow $ 152.1 $ 173.9 Chart 6 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 10. 2009 Revised Guidance Revenue Growth Excluding Currency Translation -16% to -18% Currency Translation -7% Segment Operating Margin 9% to 11% Diluted EPS(1) $1.40 - $1.70 Free Cash Flow ~110% of Net Income (1) Excludes the impact of any future restructuring actions Note: As of April 29, 2009 Chart 7 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 11. Appendix Reconciliation to Non- GAAP Measures Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 12. Reconciliation to Non-GAAP Measures Organic Sales Three Months Ended March 31, (in millions, except percentages) 2009 2008 Sales Revenue Effect of Excluding Revenue Growth (Decline) Organic Changes in Changes in Effect of Organic Growth (Decline) x-currency Growth (Decline) Sales(a) Currency Currency(b) Acquisitions Sales(c) Sales(d) (a)/(d) (b)/(d) (c)/(d) United States $ 538.3 $ 5.2 $ 543.5 $ (0.4) $ 543.1 $ 717.0 -25% -24% -24% Canada 62.2 14.7 76.9 - 76.9 96.9 -36% -21% -21% Europe, Middle East, Africa 244.4 40.8 285.2 (1.4) 283.8 337.7 -28% -16% -16% Asia-Pacific 133.3 17.9 151.2 - 151.2 165.5 -19% -9% -9% Latin America 79.9 20.3 100.2 - 100.2 89.5 -11% 12% 12% Total $ 1,058.1 $ 98.9 $ 1,157.0 $ (1.8) $ 1,155.2 $ 1,406.6 -25% -18% -18% Three Months Ended March 31, 2009 2008 Sales Revenue Effect of Excluding Revenue Growth (Decline) Organic Changes in Changes in Effect of Organic Growth (Decline) x-currency Growth (Decline) Sales(a) Currency Currency(b) Acquisitions Sales(c) Sales(d) (a)/(c) (b)/(d) (c)/(d) Archetecture & Software $ 393.5 $ 36.4 $ 429.9 $ (1.8) $ 428.1 $ 599.0 -34% -28% -29% Control Products & Solutions 664.6 62.5 727.1 - 727.1 807.6 -18% -10% -10% Total $ 1,058.1 $ 98.9 $ 1,157.0 $ (1.8) $ 1,155.2 $ 1,406.6 -25% -18% -18% Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 13. Reconciliation to Non-GAAP Measures cont’d Segment operating margin (in millions, except percentages) Three Months Ended Three Months Ended March 31, 2009 March 31, 2008 Sales Architecture & Software (a) $ 393.5 $ 599.0 Control Products & Solutions (b) 664.6 807.6 Total sales (c) $ 1,058.1 $ 1,406.6 Segment operating earnings Architecture & Software (d) $ 33.2 $ 139.9 Control Products & Solutions (e) 53.0 100.4 Total segment operating earnings (f) 86.2 240.3 Purchase accounting depreciation and amortization (4.8) (6.5) General corporate - net (14.7) (16.6) Interest expense (15.3) (17.5) Special items 4.0 - Income from continuing operations before income taxes $ 55.4 $ 199.7 Segment operating margin: Architecture & Software (d/a) 8.4% 23.4% Control Products & Solutions (e/b) 8.0% 12.4% Total (f/c) 8.1% 17.1% Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 14. Reconciliation to Non-GAAP Measures cont’d EPS excluding special items Three Months Ended (in millions, except per share amounts) March 31, 2009 2008 Income from continuing operations $ 40.6 $ 142.8 (2.8) - Special items, net of tax Income from continuing operations excluding special items $ 37.8 $ 142.8 Diluted Earnings Per Share Income from continuing operations $ 0.29 $ 0.96 (0.02) - Special items $ 0.27 $ 0.96 Income from continuing operations excluding special items 142.1 148.7 Average diluted shares Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 15. Reconciliation to Non-GAAP Measures cont’d Free Cash Flow (in millions) Three Months Six Months Ended Ended March 31, March 31, 2009 2009 Cash provided by continuing operating activities $ 169.9 $ 218.7 Capital expenditures of continuing operations (18.3) (45.7) Excess income tax benefit from the exercise of stock options 0.5 0.9 Free cash flow $ 152.1 $ 173.9 Copyright © 2009 Rockwell Automation, Inc. All rights reserved.
  • 16. Copyright © 2009 Rockwell Automation, Inc. All rights reserved.