Slide 1: Disclaimer
Disclaimer This presentation provides estimates on future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation or achievements of Cargotec may substantially deviate from the estimates. Forward-looking statements relating to future prospe
Slide 2: Record orders, supply chain challenges limited sales and profitability growth
3 February 2022 • Strong market environment in all Record orders, businesses supply chain • Record year for service business challenges limited • EUR 80 million negative sales and profitability delivery delay impact on growth sales in Q4 Cargotec’s financial statements review 2021 • Electric offerin
Slide 3: Contents
Contents ● 2021 highlights ● Market environment ● Group level development ● Business areas ● Financials and outlook 3
Slide 4: Highlights of 2021 – Strong demand throughout the year, supply chain challenges continued in H2
Highlights of 2021 – Strong demand throughout the year, supply chain challenges continued in H2 Orders received increased by 42% ● Clear improvement in most businesses & product categories Sales increased by 2% ● Service sales increased in all businesses ● Share of eco portfolio 19% Comparable opera
Slide 5: Equipment utilisation grew significantly in the main market areas
Equipment utilisation grew significantly in the main market areas +6% +7% +1% +4% +5% -9% -0% -1% Kalmar Mobile Equipment: +1% Change in machine activity – Q4/21 vs. Q3/21 +1% Hiab loader cranes: Change in machine activity – Q4/21 vs. Q3/21 Cargotec’s financial statements review 2021 | 3 February 20
Slide 6: Market environment - Strong demand environment continues
Market environment - Strong demand environment continues Global container Construction output2 – Key driver for Hiab Long term contracting – Key driver for MacGregor throughput1 – Key driver Merchant ships3 Offshore mobile units4 United States Europe for Kalmar Historical Historical average6 average
Slide 7: Record high orders in 2021 driven by Kalmar mobile equipment and Hiab
Record high orders in 2021 driven by Kalmar mobile equipment and Hiab Orders received MEUR +28% +53% (y/y) (y/y) -8% +42% (y/y) (y/y) +15% +47% (y/y) (y/y) Cargotec’s financial statements review 2021 | 3 February 2022 7
Slide 8: High demand and longer delivery times expanded our order book
High demand and longer delivery times of short cycle equipment expanded our order book Order book Order book by reporting MEUR segment, 31 December 2021 46% 20% 35% Cargotec’s financial statements review 2021 | 3 February 2022 8
Slide 9: Modest growth in sales, profitability affected by supply chain challenges and MacGregor's project cost overruns
Modest growth in sales, profitability affected by supply chain challenges and MacGregor’s project cost overruns Sales Comparable operating profit MEUR MEUR x *) Including Corporate admin and support Cargotec’s financial statements review 2021 | 3 February 2022 9
Slide 10: Record year in service business
Record year in service business Service and software* sales Service orders received +18% MEUR in 2021 Service sales +7% in 2021 ● Kalmar +7% ● Hiab +10% ● MacGregor +3% Software sales decreased due to Navis disposal in July Service and software 35% of total sales in 2021 *Software sales include auto
Slide 11: Our refined strategy was published in April
Our refined strategy was published in April PURPOSE SMARTER CARGO FLOW FOR A BETTER EVERYDAY VISION Global Leader in Sustainable Cargo Flow BREAKTHROUGH Sustainability Profitable Growth OBJECTIVES CONCRETE TARGET Reduce 1 million tonnes of CO2 equivalent by 2024 WHERE TO WIN HOW WE MEASURE Grow in c
Slide 12: Concrete actions in the areas where we want to win
Concrete actions in the areas where we want to win Grow in core and Solve customer Invest in industry Expand lifecycle adjacent businesses & challenges in climate innovation and services markets change and transformation sustainability Hiab acquired Galfab, a Kalmar launched three Kalmar partnered w
Slide 13: Business areas
Business areas Cargotec’s financial statements review 2021
Slide 14: Kalmar Q4 – Record quarter for services
Kalmar Q4 – Record quarter for services Strong orders received ● Increase in automation & projects, mobile equipment and services MEUR Q4/21 Q4/20 Change Orders received 513 445 15% Sales increased by 5% Order book 1,302 842 55% ● Increase in mobile equipment and Sales 430 411 5% services Comparable
Slide 15: Hiab Q4 – Profitability impacted by growth-enabling investments
Hiab Q4 – Profitability impacted by growth-enabling investments Strong demand continued MEUR Q4/21 Q4/20 Change Orders received 384 417 -8% Sales increased by 15% Order book 985 503 96% ● Service sales +8% Sales 339 295 15% ● Supply chain challenges and Comparable truck chassis availability had oper
Slide 16: MacGregor Q4 - Offshore cost overruns overshadowed the good progress
MacGregor Q4 - Offshore cost overruns overshadowed the good progress Orders received increased in merchant vessels and in services, MEUR Q4/21 Q4/20 Change decrease in offshore sector Orders received 153 100 53% Order book 560 480 17% Sales decreased by 16% Sales 141 168 -16% ● Service sales +15% Co
Slide 17: Financials and outlook
Financials and outlook Cargotec’s financial statements review 2021 Cargotec’s January-March 2020 interim report 23/4/2020 17
Slide 18: Key figures – Gain from sale of Navis business had significant impact on 2021 operating profit
Key figures – Gain from sale of Navis business had significant impact on 2021 operating profit Q4/21 Q4/20 Change 2021 2020 Change Orders received, MEUR 1,051 963 9% 4,427 3,121 42% Order book, MEUR 2,847 1,824 56% 2,847 1,824 56% Sales, MEUR 910 873 4% 3,315 3,263 2% Comparable operating profit, ME
Slide 19: Cash flow affected by increased inventories
Cash flow affected by increased inventories Cash flow from operations before financing items and taxes MEUR Cargotec’s financial statements review 2021 | 3 February 2022 19
Slide 20: Strong financial position and balanced maturity profile
Strong financial position and balanced maturity profile Net debt & gearing Maturity profile, 31 December 2021 MEUR *Cargotec adopted the IFRS 16 standard on 1 Jan 2019. Cargotec’s financial statements review 2021 | 3 February 2022 20
Slide 21: Dividend proposal of 1.08 EUR in 2021
Dividend proposal of 1.08 EUR in 2021 Dividend, EPS & Payout ratio EUR ● Maximum of EUR 70 million profit distribution in the Combination agreement ● Cargotec’s Board of Director’s proposes to the AGM to be held on 17 March 2022: ○ Dividend of 1.08 per class B share ○ Record date 21 March 2022 ○ Pay
Slide 22: Outlook for 2022
Outlook for 2022 Cargotec estimates 2022 comparable operating profit to improve compared to 2021 (EUR 232 million) Cargotec’s financial statements review 2021 | 3 February 2022 22
Slide 23: Let's reduce CO2 emissions by 2030
Let’s reduce CO, emissions at least 50 percent by 2030. This is critical for limiting global warming to 1.5 degrees.
Slide 24: Cargotec
Cy CARGOTEC