Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q2 2019 Earnings Presentation
10 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Aug 9, 2019
Slide 1: Second-Quarter 2019 Earnings Conference Call
Second-Quarter 2019 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer August 9, 2019 Dave Antoniuk – SVP & 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, a
Slide 3: Financial & Other Key Metrics
Financial & Other Key Metrics Q2 2019 Q2 2018 Y/Y ∆ Net sales $ 504.7 $ 495.3 1.9 % Engineering, selling & admin expenses 50.5 62.1 (18.7)% Operating income 41.9 24.1 73.5 % Non-GAAP adjusted operating income (1) 44.7 28.4 57.3 % Net income from continuing operations 46.0 9.9 366.8 % Non-GAAP adjust
Slide 4: Full-Year 2019 Guidance
Full-Year 2019 Guidance Revenue Approximately $1.880 to $1.920 billion Adjusted EBITDA Approximately $140 to $160 million Depreciation Approximately $35 to $37 million Restructuring expense Approximately $10 to $12 million Interest expense Approximately $29 to $33 million, excluding debt refinancing
Slide 5: Appendix
Q@anitowoc Appendix
Slide 6: Appendix: Backlog, Orders, Revenue and Adjusted EBITDA Margin
Appendix $800 $700 $700 ‘om $600 600 st N $500 $500 Y | 8 $400 % $400 3 & $300 ° $300 $200 $200 $100 $100 s . qa ag 3 a4 qt @ @ a ai a a3 a4 air a 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 Ending Backlog ——Orders — 10.0% i $500 = : =. 8.0% ; o = > “i $400 6.0% 4.0% *. 4 $
Slide 7: Appendix: Non-GAAP CFOA
Appendix Non-GAAP CFOA (1) $150 $100 $50 $- $(50) $(100) $(150) $(200) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 (1) Q1 2019 and forward reflects termination of Manitowoc’s accounts receivable securitization program 7
Slide 8: Appendix- Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 8
Slide 9: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 9
Slide 10: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 10
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