Product range, dealer support, service businesses and trough planning position Caterpillar for success and sustained market leadership under any conditions PEORIA, Ill., Aug. 4 /PRNewswire-FirstCall/ -- Caterpillar Inc. (NYSE: CAT) Chairman and Chief Executive Officer Jim Owens told a group of financial analysts and institutional stockholders that Caterpillar's strategic trough planning has positioned Caterpillar for long-term profitability under various economic scenarios. Owens and his leadership team are outlining Caterpillar's business strategy, and how the company has swiftly responded to the current global recession during two days of meetings in Peoria. During the presentations, Owens and his leadership team ... -- Said Caterpillar expects profits in the $8-10 per share range within five years if the global economy experiences a "normal" recovery cycle -- Indicated Caterpillar has implemented plans to generate annual profits of $2.50 per share during future recessionary conditions -- Outlined Caterpillar's ability to generate significant cash flow -- Reaffirmed Caterpillar's 2009 outlook for sales and revenues in a range of $32 to $36 billion with a 2009 profit range of $0.40 to $1.50 per share including redundancy costs of about $0.75 per share for the year. Excluding redundancy costs, profit is forecast to be between $1.15 and $2.25 per share. -- Reviewed inventory reduction and cost management during the current downturn -- Discussed future efficiency gains from the Caterpillar Production System -- Outlined the growth of service related businesses and the support they provide through the cycle "We believe a recovery will come and that Caterpillar will benefit from the world's need for the products we make," said Owens. "In the last eight months, Team Caterpillar has demonstrated remarkable agility as we responded to rapid changes in the global economy. Looking forward, there is far too much uncertainty to know when the global economy will turn toward robust positive growth, but no matter what happens, Caterpillar has the people, products, dealer support and strategies to prosper and to support our customers as they make sustainable progress possible in every region of the world," Owens added. About Caterpillar: For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2008 sales and revenues of $51.324 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at http://www.cat.com/. SAFE HARBOR Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of Caterpillar Inc. to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will," "would," "expect," "anticipate," "should" or other similar words and phrases often identify forward-looking statements made on behalf of Caterpillar. It is important to note that actual results of the company may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, (i) adverse change in general economic conditions; (ii) adverse change in the industries Caterpillar serves including construction, infrastructure, mining, energy, marine and electric power generation; (iii) Caterpillar's ability to manage material, including steel, and freight costs; (iv) Caterpillar's ability to generate cash from operations, secure external funding for its operations and manage its liquidity needs; (v) material adverse change in customers' access to liquidity and capital; (vi) currency exchange or interest rates changes; (vii) political stability; (viii) market acceptance of the company's products and services; (ix) significant changes in the competitive environment; (x) epidemic diseases; (xi) severe change in weather conditions negatively impacting operations; (xii) changes in law, regulations and tax rates; and (xiii) other general economic, business and financing conditions and factors described in more detail in the company's Form 10-Q filed with the Securities and Exchange Commission on July 31, 2009. This filing is available on our website at http://www.cat.com/sec_filings. We do not undertake to update our forward-looking statements. DATASOURCE: Caterpillar Inc. CONTACT: Jim Dugan, Corporate Public Affairs of Caterpillar Inc., Office, +1-309-494-4100, Mobile, +1-309-360-7311, Web Site: http://www.cat.com/

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