Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q1 2021 Earnings Presentation

17 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Jan 27, 2021

  1. Slide 1: Oshkosh Corporation First Quarter Fiscal 2021

    Oshkosh Corporation First Quarter Fiscal 2021 January 27, 2021 WILSON JONES – CHIEF EXECUTIVE OFFICER JOHN PFEIFER - PRESIDENT AND CHIEF OPERATING OFFICER MIKE PACK – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER PATRICK DAVIDSON – SENIOR VICE PRESIDENT, INVESTOR RELATIONS

  2. Slide 2: Forward-looking statements

    Forward-looking statements This presentation contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements

  3. Slide 3: Focused execution leading to solid FY21 start

    Focused execution leading to solid FY21 start  Strong results despite pandemic challenges OSK Q1 Performance  Exceeded our expectations, led by Access Equipment $1.7  Controlling the “controllables” while $1.6 staying flexible and nimble (7.0)% $1.10 $1.13  Announced acquisition of Pratt Miller,

  4. Slide 4: Access Equipment

    Access Equipment New All-Electric DaVinci TM Scissor Lift  Expect a return to revenue growth in North American access equipment markets in 2H FY21  Pleased with progress of negotiations with rental company customers  Aged customer fleets support positive outlook  Managing lower production in U.S

  5. Slide 5: Defense

    Defense  Strong start supports solid FY21 outlook  Successfully executed through production and staffing challenges related to COVID-19  Received JLTV order for ~2,700 units and 1,000 trailers valued at $911 million in Q1 – includes additional FMS units  Robust backlog continues to provide good

  6. Slide 6: Fire & Emergency

    Fire & Emergency New Oshkosh ARFF Striker  Innovation, strong dealer network and simplification culture support solid operating margins and market success  Strong execution despite workforce availability and supplier challenges during Q1  Backlog remains near record levels  Monitoring municipal

  7. Slide 7: Commercial

    McNeilus Rear Loader RCV Commercial  Simplification journey continues with solid progress on recent relocation of rear discharge concrete mixer production  RCV and mixer markets continue to experience impacts due to pandemic, but encouraged by market opportunities and long-term trends  Strong cus

  8. Slide 8: Consolidated results

    Consolidated results Dollars in millions, except per share amounts First Quarter 2021 2020 Q1 comments Net Sales $ 1,576.5 $ 1,695.1  Sales impacted by: % Change (7.0)% (6.0)% − Lower Access Equipment and Commercial segment sales Adjusted operating income $ 104.6* $ 109.1 + Higher Defense and Fire

  9. Slide 9: Expectations for FY21

    Expectations for FY21 Pierce Fire Truck Assembly  Incrementally more positive on FY21 outlook  Access Equipment segment recovering, but precise timing is uncertain  Expect yr/yr revenue growth in 2H leading to full year revenue growth  Strong backlogs provide visibility in the Defense and Fire &

  10. Slide 10: Contacts

    Contacts: Oshkosh JLTV Patrick N. Davidson Senior Vice President, Investor Relations pdavidson@oshkoshcorp.com 920-502-3266 Jeffrey D. Watt Director, Investor Relations jwatt@oshkoshcorp.com 920-502-3024 First Quarter 2021 Earnings Call January 27, 2021 10

  11. Slide 11: Appendix: Access Equipment

    Appendix: Access Equipment Q1 comments Dollars in millions First Quarter 2021 2020  Sales impacted by: − Effects of COVID-19 on markets Net Sales $ 563.7 $ 717.9 % Change (21.5)% (13.1)%  Adjusted operating income* impacted by: Adjusted operating income $ 32.9* $ 69.0 − Lower sales volume % Change

  12. Slide 12: Appendix: Defense

    Appendix: Defense Q1 comments Dollars in millions  Sales impacted by: First Quarter 2021 2020 + Higher AMPS sales Net Sales $ 550.3 $ 500.4 % Change 10.0% 6.4%  Adjusted operating income* impacted by: Adjusted operating Income $ 53.5* $ 31.0 + Higher yr/yr CCA % Change 72.6% (56.6)% + Improved pro

  13. Slide 13: Appendix: Fire & Emergency

    Appendix: Fire & Emergency Q1 comments Dollars in millions First Quarter 2021 2020  Sales impacted by: + Higher ARFF sales Net Sales $ 273.9 $ 256.9 % Change 6.6% (11.4)%  Operating income impacted by: + Improved sales volume Operating income $ 35.1 $ 30.9 + Lower spending % Change 13.6% (21.8)% %

  14. Slide 14: Appendix: Commercial

    Appendix: Commercial Dollars in millions Q1 comments First Quarter 2021 2020  Sales impacted by: Net Sales $ 195.7 $ 224.2 − Lower demand due to COVID-19 % Change (12.7)% 0.9% − Sale of CON-E-CO Operating income $ 11.9 $ 17.8  Operating income impacted by: % Change (33.1)% (4.8)% − Lower sales vol

  15. Slide 15: GAAP to Non-GAAP reconciliation

    Appendix: GAAP to Non-GAAP reconciliation The table below presents a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (in millions, except per share amounts): Three months ended December 31 2020 2019 • Earnings per share-diluted (GAAP) $ 1.01

  16. Slide 16: GAAP to Non-GAAP reconciliation

    Appendix: GAAP to Non-GAAP reconciliation The table below presents a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (in millions): Three months ended December 31 Change from 2020 2019 2019 to 2020 • Consolidated operating income (GAAP) $ 95.

  17. Slide 17: Commonly used acronyms

    Appendix: Commonly used acronyms ARFF Aircraft Rescue and Firefighting JUONS Joint Urgent Operational Needs Statement AWP Aerial Work Platform L-ATV Light Combat Tactical All-Terrain Vehicle AMPS Aftermarket Parts & Service LRIP Low Rate Initial Production APAC Asia Pacific LVSR Logistic Vehicle Sys

Oshkosh Corporation (Holding Company)Common Stock — Q1 2021 Earnings Presentation on 6ix