Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q1 2024 Earnings Presentation

15 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Apr 25, 2024

  1. Slide 1: Oshkosh Corporation First Quarter 2024

    Oshkosh Corporation First Quarter 2024 April 25, 2024 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE 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: Q1 highlights

    Q1 highlights Q1 Performance  Strong performance continues with adj. EPS* of $2.89 $2.5 $2.89 $2.3  Revenue growth of 12.2% +12.2%  Adj. operating margin* of 10.8% +77.3%  Continuing to invest in innovation $1.63 and production capacity  Focused on manufacturing execution and driving improvemen

  4. Slide 4: Access

    Access  Strong Q1 results with 17% adj. op. margin* ClearSky Smart Fleet supports improved productivity  Investing in technology, incl. ClearSky Smart Fleet, next generation IoT platform  Healthy Q1 orders of $940M exceeded expectations; expect the majority of 2025 orders to occur in second half

  5. Slide 5: Defense

    Defense FMTV A2 LVAD Preparation for Parachute Testing  Domestic JLTV production winding down in early 2025 while NGDV production ramping  NGDV production launched in April in South Carolina  Working with DoD on FHTV and FMTV contract extensions  Competing for Phase II of Robotic Combat Vehicle

  6. Slide 6: Vocational

    Vocational Oshkosh AeroTech Tractor & AmpCart Towable Charging Platform  Strong year-over-year revenue growth of 37% in Q1 including $176 million of AeroTech sales  Backlog remains strong; increased throughput is a meaningful opportunity  Initial McNeilus Volterra ZSL eRCV zero emission field uni

  7. Slide 7: Consolidated results

    Consolidated results Dollars in millions, except per share amounts Three months ended March 31 2024 2023 Q1 comments Net Sales $ 2,543.8 $ 2,268.1  Sales impacted by: % Change 12.2% 16.6% + AeroTech sales of $176 million + Higher volume Adjusted operating income* $ 275.3 $ 151.7 + Improved pricing

  8. Slide 8: Updated 2024 Outlook

    Updated 2024 Outlook Expectations in the range of: Segment information • Revenues of ~$10.7 billion • Adj. operating income* of ~$1.075 billion Measure Access Defense Vocational • Adjusted EPS* of ~$11.25 Additional expectations  Corporate expenses of ~$190 million Sales ~$5.4 ~$2.1 ~$3.2  Tax rat

  9. Slide 9: Contacts

    Contacts: Volterra® ZSL Electric Refuse & Recycling Collection Vehicle 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 First Quarter 2024 Earnings Call Apr

  10. Slide 10: Appendix: Access

    Appendix: Access Q1 comments Dollars in millions Three months ended March 31 2024 2023  Sales impacted by: + Higher North American volume Net Sales $ 1,237.5 $ 1,193.2 − Lower European volume % Change 3.7% 35.1% Adjusted operating income* $ 210.4 $ 136.0  Adjusted operating income* impacted by: %

  11. Slide 11: Appendix: Defense

    Appendix: Defense Q1 comments Dollars in millions Three months ended March 31 2024 2023  Sales impacted by: + Higher aftermarket sales Net Sales $ 536.9 $ 513.1 + Higher FMTV volume % Change 4.6% (4.2)% − Lower JLTV volume Adjusted operating Income* $ 12.6 $ 4.1  Adjusted operating income* % Chang

  12. Slide 12: Appendix: Vocational

    Appendix: Vocational Q1 comments Dollars in millions Three months ended March 31 2024 2023  Sales impacted by: + AeroTech acquisition Net Sales $ 772.4 $ 562.7 + Improved pricing % Change 37.3% 6.3% Adjusted operating income* $ 92.1 $ 45.0  Adjusted operating income* impacted by: % Change 104.7% 6

  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): Three months ended Three months ended March 31, March 31, 2024 2023 2024

  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): 2024 Expectations 2024 Expectations Three months ended June 30, Earnings

  15. Slide 15: Commonly used acronyms

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

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