Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q3 2024 Earnings Presentation

15 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Oct 30, 2024

  1. Slide 1: Oshkosh Corporation Third Quarter 2024

    Oshkosh Corporation Third Quarter 2024 October 30, 2024 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE OFFICER MIKE PACK – EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND PRESIDENT, VOCATIONAL 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: Q3 highlights

    Q3 highlights Q3 Performance  Solid performance continues with adj. EPS* of $2.93 $2.7 $2.5 $3.04 $2.93  Revenue growth of 9.2%  Strong Vocational results led to +9.2% consolidated adj. operating margin* -3.6% of 10.3%  Experiencing softer access equipment market conditions in NA  USPS making d

  4. Slide 4: Access

    Access JLG® E313 Electric Telehandler  Solid Q3 results with 15.5% adj. operating margin*  Orders moderating as market returns to more typical seasonality  Believe long term demand drivers remain intact  Working with customers in Q4 on 2025 requirements  ClearSky Smart Fleet driving improved pr

  5. Slide 5: Vocational

    Vocational McNeilus® Volterra ZSL  Strong revenue growth of 17.6% in Q3; excluding AeroTech, revenues grew 7.4%*  Extensive visibility with backlog; capacity growth a key focus area  Customer interest high for Volterra ZSL purpose-built zero emission refuse and recycling collection vehicles  Sol

  6. Slide 6: Defense

    Defense HEMTT THAAD  Sales grew 14% driven by low rate NGDV production, TWV deliveries and AMPS volume  Planning to ramp NGDV production throughout 2025  Recent FHTV and expected FMTV contract extensions provide solid visibility and strong, resilient margins for several years  Submitted Phase II

  7. Slide 7: Consolidated results

    Consolidated results Dollars in millions, except per share amounts Three months ended September 30 2024 2023 Q3 comments Net Sales $ 2,741.4 $ 2,509.9  Sales impacted by: % Change 9.2% 21.4% + Higher organic volume + Add’l month of AeroTech sales Adjusted operating income* $ 282.5 $ 276.3 + Improve

  8. Slide 8: Updated 2024 Outlook

    Updated 2024 Outlook Expectations in the range of: Segment information • Revenues of ~$10.6 billion • Adj. operating income* of ~$1.1 billion Measure Access Vocational Defense • Adjusted EPS* of ~$11.35 Sales Additional expectations (billions) ~$5.1 ~$3.25 ~$2.15  Corporate and other of ~$190 milli

  9. Slide 9: Contacts

    Contacts: Oshkosh Striker® Volterra Electric ARFF Patrick N. Davidson Senior Vice President, Investor Relations pdavidson@oshkoshcorp.com 920-502-3266 Victoria Connelly Senior Manager, Investor Relations vconnelly@oshkoshcorp.com 920-502-3108 Third Quarter 2024 Earnings Call October 30, 2024 9

  10. Slide 10: Appendix: Access

    Appendix: Access Q3 comments Dollars in millions Three months ended September 30 2024 2023  Sales impacted by: + Higher North American volume Net Sales $ 1,363.3 $ 1,318.2 − Lower EAME and ROW volume % Change 3.4% 27.0% Adjusted operating income* $ 211.4 $ 231.8  Adjusted operating income* impacte

  11. Slide 11: Appendix: Vocational

    Appendix: Vocational Q3 comments Dollars in millions Three months ended September 30 2024 2023  Sales impacted by: + AeroTech acquisition Net Sales $ 814.2 $ 692.6 + Improved pricing % Change 17.6% 35.4% + Higher organic sales volume Adjusted operating income* $ 111.6 $ 77.1  Adjusted operating in

  12. Slide 12: Appendix: Defense

    Appendix: Defense Q3 comments Dollars in millions Three months ended September 30 2024 2023  Sales impacted by: + NGDV production Net Sales $ 540.4 $ 474.6 + Higher TWV volume % Change 13.9% (4.8)% + Higher aftermarket sales Adjusted operating Income* $ 11.2 $ 11.7 − International JLTV sales % Chan

  13. Slide 13: GAAP to Non-GAAP reconciliation

    Appendix: GAAP to Non-GAAP reconciliation The tables below present a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (unaudited; in millions, except per share amounts): Third Quarter 2024 Earnings Call October 30, 2024 13

  14. Slide 14: GAAP to Non-GAAP reconciliation

    Appendix: GAAP to Non-GAAP reconciliation The tables below present a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (unaudited, in millions, except per share amounts): Third Quarter 2024 Earnings Call October 30, 2024 14

  15. Slide 15: Commonly used acronyms

    Appendix: Commonly used acronyms ARFF Aircraft Rescue and Firefighting IRC Independent Rental Company AWP Aerial Work Platform JLTV Joint Light Tactical Vehicle AMPS Aftermarket Parts & Service JPO Joint Program Office APAC Asia Pacific LRIP Low Rate Initial Production ASC Accounting Standards Codif

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