Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q2 2021 Earnings Presentation
14 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Aug 6, 2021
Slide 1: Second-Quarter 2021 Earnings Conference Call
Second-Quarter 2021 Earnings Conference Call Aaron Ravenscroft– President & Chief Executive Officer August 6, 2021 David Antoniuk – EVP & Chief Financial Officer Ion Warner – VP Marketing & Investor Relations
Slide 2: Forward-Looking Statements
Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are “forward-looking statements.” These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made, an
Slide 3: The Manitowoc Way Examples
The Manitowoc Way Examples Shady Grove Charlieu One-Piece Flow, SMED, QR Code electronic TPM, & Standard Work Automated welding and fabrication of pivots w/ new arc welding machine Baltar New QR Code electronic TPM Replace overhead cranes with trolleys, One- system recording all maintenance Piece Fl
Slide 4: Q2 2021 Summary
Q2 2021 Summary Continued strength in order intake and backlog • EURAF: Towers strong; Mobiles recovery lagging • Growing demand in Americas and MEAP 4
Slide 5: Financial & Other Key Metrics
Financial & Other Key Metrics (1) See appendix for reconciliation of GAAP to non-GAAP measures (*) Not meaningful 5
Slide 6: Reinstated Full-Year 2021 Guidance
Reinstated Full-Year 2021 Guidance Revenue Approximately $1.775 to $1.825 billion Adjusted EBITDA Approximately $105 to $115 million Depreciation Approximately $38 to $42 million Interest expense Approximately $28 to $30 million Income tax expense Approximately $12 to $16 million, excluding discrete
Slide 7: Strategic Priorities
Strategic Priorities • Grow Tower Crane rental & Aftermarket business in Europe • Build out China and Belt & Road Tower Crane Business • Accelerate New Product Development in All-Terrain Cranes • Expand Aftermarket activities in North America Mission: Aspire to have the highest customer confidence a
Slide 8: H&E Crane Acquisition
H&E Crane Acquisition Strategic Rationale: • Comprehensive aftermarket business and support with 11 branches • 225 team members with largest service technician population in the world • Growth engine for service, parts, and new & used sales with RPO financing options • Capture less cyclical, higher
Slide 9: Appendix
Q@anitowoc Appendix
Slide 10: Backlog, Orders and Revenue
Backlog ¥ 8 $537 $500 $400 $300 Orders $200 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 44 2019 Qi 2020 2 2020 3 2020 44 2020 QI 2021 Q2 2021 Ending Backlog Orders $600 $500 $300 $200 $100 10.6% i i 7 i i Q2 2018 Q3 2018 4 2018 Qi 2019 Q2 2019 Q3 2019 Q4 2019 Qi 2020 Q2 2020 Q3 2020 Q4 2020 Qi 2
Slide 11: Appendix
Appendix (1) Q1 2019 and forward reflects termination of Manitowoc’s accounts receivable securitization program (2) See appendix for reconciliation of GAAP to non-GAAP measures 11
Slide 12: Appendix - Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 12
Slide 13: Appendix - Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 13
Slide 14: Appendix - Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 14
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