Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q2 2016 Earnings Presentation
9 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Aug 9, 2016
Slide 1: Q2 2016 Earnings Call
Q2 2016 Earnings Call August 9, 2016
Slide 2: Safe Harbor Statement
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, and are subject to uncertain
Slide 3: Q2 2016 Financial Summary
Q2 2016 Financial Summary • Sales $457.7M; down 4% y-o-y, up 7% sequentially • Tower cranes strength driven by infrastructure and commercial construction projects; top-/bottom-line in-line with expectations • Aftermarket growth • Mobile cranes weakness due to depressed oil and gas sector • Adjusted
Slide 4: Transforming the company
Transforming the company Actions Results • Right-size manufacturing • Increased operational efficiency footprint and utilization • Align costs with demand • Optimized cost structure • Improve Quality and • Invest in innovation that delivers Reliability real value to customers 4
Slide 5: Strategic Priorities
Strategic Priorities • Optimize global capacity Crawler crane production Margin Expansion relocation • Improve productivity Invest in automation and robotics • Improve competitive position Growth • Collaborate with customer and dealers Superior products • Focus on performance, differentiation
Slide 6: Financial & Other Key Metrics
Financial & Other Key Metrics Q2 2016 Q2 2015 YoY ∆ Q1 2016 QoQ ∆ Net Sales $ 457.7 $ 477.7 (4.2)% $ 427.4 7.1 % Orders $ 348.9 $ 438.3 (20.4)% $ 417.1 (16.4)% Adjusted Operating Income 1 $ 14.8 $ 15.4 (3.9)% $ 9.5 55.8 % GAAP Net Income / (Loss) $ (4.9) $ 23.3 (121.0)% $ (207.5) 97.6 % Non- GAAP Ad
Slide 7: 2016 Outlook - Updated
2016 Outlook - Updated 2016 Full Year Guidance Net Sales Down approximately 10% to 12% Adj. Operating Margins1 Approximately 1% to 2% Depreciation $45 to $50 million Amortization $3 to $4 million Capital Expenditures $45 to $50 million 1 Excludes amortization and restructuring expense. 7
Slide 8: Summary
Summary • Actions to improve margins • Global footprint rationalization • Reduce cost structure 10 X 20 • Innovate to increase market share • Deploy Lean – The Manitowoc Way 8
Slide 9: Q@anitowoc
Q@anitowoc
The Manitowoc Company — Q2 2016 Earnings Presentation on 6ix