Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — Q3 2024 Earnings Presentation
18 slides from Manitou Bf Sa's earnings presentation, Oct 24, 2024
Slide 1: Q3 2024 Revenues
Q3 2024 Revenues Michel Denis - President and CEO Hervé Rochet - Chief Transformation & Governance Officer 1
Slide 2: Disclaimer
2 Disclaimer This presentation includes only summary information and does not in any way purport to be comprehensive. None of the Company or any of its affiliates, directors, officers, advisors and employees accepts any obligation, liability, claim or remedy for any loss arising from any use of these pr
Slide 3: Highlights
3 Highlights » 9-month revenues of €2,000m, - 3% vs. 9-month revenues 23, -3% like for like(1) » Q3 24 revenues of €593m, - 10% vs. Q3 23 » Q3 24 order intake on equipment of €252m vs. €216m in Q3 23 » End of Q3 24 order book(2) on equipment at €1,107m vs. €2,718m in Q3 23 Group adaptation to a less
Slide 4: Highlights - Inauguration of the Yankton plant
4 Highlights - Inauguration of the Yankton plant » Celebrating 50 years of the Yankton plant (South Dakota) » 7,000 m² extension of the site dedicated to the production of telescopic forklifts for the North American market, and articulated loaders » Investment of €18 million to meet the growing need
Slide 5: Highlights - Laying the foundation stone
5 Highlights - Laying the foundation stone » Lays the first stone of the mechanical welding site in Candé (France) on October 1st » An investment of €60 million to integrate the upstream structure phase of the telescopic articulated platform booms » Absorb activity peaks in the long term and optimize
Slide 6: Group life
6 Group life » Participation in the 6th edition of “Rencontres du Matériel Durable” on September 24, 2024 » An event organized by the Community of Sustainable Equipment Actors » 90 French players in the construction sector gathered » Objective of accelerating the energy transition of an entire secto
Slide 7: Highlights - Acquisitions
7 Highlights - Acquisitions » Finalization of the acquisition of Dezzo activities, in South Africa » Objective to sustain activities and strengthen service to customers based in this region » Turnover of 8 million euros achieved in 2023 Q3 2024 Net sales | October 24th, 2024
Slide 8: Highlights - Products & Innovation
8 Highlights - Products & Innovation » Launch of a new range of ME lift forklifts » Five new compact electric models ranging from 1.6t to 3t lifting capacity » A lithium battery with an extended lifespan » Distribution throughout Europe Q3 2024 Net sales | October 24th, 2024
Slide 9: Q3 2024 Revenue
9 Q3 2024 Revenue S&S: Services and Solutions Faster-growing boxes (vs.avg) shown in green Q3 2024 Net sales | October 24th, 2024
Slide 10: Evolution Q3 2024 vs Q3 2023
10 Evolution Q3 2024 vs Q3 2023 Q3 2024 Net sales | October 24th, 2024
Slide 11: 9 months Revenue
11 9 months Revenue S&S: Services and Solutions Faster-growing boxes (vs.avg) shown in green Q3 2024 Net sales | October 24th, 2024
Slide 12: Evolution 9 months 2024 vs 9 months 2023
12 Evolution 9 months 2024 vs 9 months 2023 Q3 2024 Net sales | October 24th, 2024
Slide 13: Evolution vs 2023
13 Evolution vs 2023 * at constant scope and exchange rates: definition in appendix Q3 2024 Net sales | October 24th, 2024
Slide 14: Order intake and order book on equipment (€m)
14 Order intake and order book on equipment (€m) The order book on equipment becomes gradually normalized around 6 months of activity. Q3 2024 Net sales | October 24th, 2024
Slide 15: Operational review
15 Operational review » Business slowdown through Q3 » Miscellaneous dynamics regarding sales area and product line » Slow operational increase in North America » Rebound in order intake on equipment, but still restrained considering the high level of dealer inventories in some sales area » Agile ad
Slide 16: Outlook
16 Outlook » Expectation of a 2024 revenues dipped about 7% compared with 2023 » Expectation of a 2024 recurring operating profit to be over 7% of revenues Q3 2024 Net sales | October 24th, 2024
Slide 17: Appendix - Definitions
17 Appendix - Definitions Like for like, so at constant scope and exchange rates: » Scope: - for the company GI.ERRE acquired in March 2023, restatement from January 1 of the current year to the anniversary date of its acquisition, - for the companies acquired in 2024 (COME S.R.L and Metal Work S.R.L
Slide 18: Thank you
yy» THANK YOU SET THE WORLD MANITOU | IN MOTION