Terex Corporation · NYSE:TEX
Terex — Credit Suisse 5th Annual Industrials Conference 2017
9 slides from Terex's conference presentation, Nov 30, 2017
Slide 1: Credit Suisse 5th Annual Industrials Conference
Credit Suisse 5th Annual Industrials Conference November 30, 2017 FOCUS • SIMPLIFY • EXECUTE TO WIN
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking information regarding future events or the Company’s future financial performance based on the current expectations of Terex Corporation. In addition, when included in this presentation, the words “may,” “expects,” “intends,” “ant
Slide 3: Terex Strategy: 2016-2020
Terex Strategy: 2016-2020 Terex 2016 Terex in 2020 Legacy M&A Improved Focus Maximize shareholder value by Margin focusing and simplifying the Respected Brands, company, driving process discipline and executing to win Strong Strong Market in globally competitive markets ROIC Positions Foundation of
Slide 4: Terex Today: Respected Brands
Terex Today Respected Brands Aerial Work Platforms Cranes Materials Processing # 1 / 2 in Aerials # 3 in Mobile Cranes(1) # 1 in Mobile Crushing & # 2 in North America # 3 in Tower Cranes Screening Telehandlers # 2 in US Utility Equipment # 2 in US Mixer Trucks # 3 in Scrap Handling (1) Excludes Chi
Slide 5: Terex Today: Business Mix
Terex Today Business Mix Sales by Segment Sales by Region Sales by End Use Market* (Q3 2017 ytd) (Q3 2017 ytd) (Q3 2017 ytd) Other Residential Other Scrap Metal construction Cranes Mineral Asia 7% 6% mining Pacific 3% 17% 27% 3% 13% Electricity 7% Latin America 2% Main- AWP 49% 55% 15% tenance 24% 2
Slide 6: Q3 Strategy Deployment Highlights
Q3 Strategy Deployment Highlights Focus Simplify Execute to Win Focus the Portfolio Rationalize Footprint and Reduce SG&A Commercial Lifecycle Strategic Excellence Solutions Sourcing Sold Jinan China Strengthened facility commercial leadership team Sold Bierbach Launched global Germany facility part
Slide 7: Disciplined Capital Allocation – 2017 Q3
Disciplined Capital Allocation – 2017 Q3 Cash Flow from Operations + • Monetized final 5.2 million Konecranes After-tax Proceeds from Divestures shares for proceeds of ~$221 million • Repriced USD term loan, reducing Optimal Capital Structure interest rate by 0.25% • Repurchased ~6.4 million Terex O
Slide 8: 2017 Full Year Guidance Update
2017 Full Year Guidance Update USD Millions, except Earnings per Share Terex Segment Net Sales Operating Margin (1) (1) Guidance Guidance Previous Updated Previous Updated Previous Updated Down Up Net Sales Down ~6% Down ~3.5% AWP ~8.5% ~8.5% ~4% ~2% Operating Down Down ~4.75% ~4.9% Cranes ~(1%) ~(1
Slide 9: Summary
Summary • Accelerating momentum in booking and backlog levels • New product introductions • Improved full year outlook • Implementing plans in the Simplify and Execute to Win priority areas • Continue to execute disciplined capital allocation strategy FOCUS • SIMPLIFY • EXECUTE TO WIN 9
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