Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q1 2017 Earnings Presentation
10 slides from Manitowoc Company, Inc. (the)'s earnings presentation, May 9, 2017
Slide 1: Q1 2017 Earnings Conference Call
Q1 2017 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer May 9, 2017 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: Q1 2017 Summary
Q1 2017 Summary • Backlog up 56% sequentially • Nearly half of order from new products • Revenue down 28.5 percent Financial • Focused actions to manage costs and right-size the Summary business • Improved cash flow YOY with no borrowings on ABL facility at quarter end • Strong customer reception to
Slide 4: Financial & Other Key Metrics
Financial & Other Key Metrics Q1 2017 Q1 2016 (3) YoY ∆ Orders $ 488.3 $ 417.1 17.1 % Net Sales $ 305.8 $ 427.4 (28.5)% SG&A Expense $ 63.3 $ 72.4 (12.5)% Operating (loss) income $ (23.7) $ 0.8 n/m Non-GAAP adjusted operating $ (11.4) $ 7.3 n/m (loss) income (1) Net Loss from contiuing $ (36.0) $ (1
Slide 5: 2017 Guidance - Unchanged
2017 Guidance - Unchanged 2017 Guidance Down approximately 8 - 10% year- Revenue over-year Adjusted EBITDA Approximately $41 to $59 million Depreciation Approximately $40 to $45 million Capital expenditures Approximately $30 million Income tax expense Approximately $7 to $10 million 5
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities • Aligning capacity to current demand -- plant relocations on schedule Margin Expansion • Unwavering focus on cost management and to eliminate waste • Key account management program Growth • Military project on schedule • Aftermarket initiatives • Eight new crane int
Slide 7: ConExpo Trade Show
ConExpo Trade Show (Zanitowoc | cole . =7 e : anifowoc’ 7
Slide 8: The Manitowoc Way Success Stories
The Manitowoc Way Success Stories Automated Mast line - Moulins Boom Assembly -- Wilhelmshaven Outrigger Box Cell – Shady Grove 8
Slide 9: Appendix - GAAP to Non-GAAP Reconciliation
Appendix- GAAP to Non-GAAP Reconciliation Non-GAAP Adjusted Net Loss and Loss Per Share from Continuing Operations Three Months Ended March 31, 2017 2016 Net loss $ (36.0) $ (195.9) Special items, net of tax: Loss from discontinued operations, net of income taxes - 3.2 Loss on debt extinguishment -
Slide 10: Q@anitowoc
Q@anitowoc