Toromont Industries Ltd. · TSX:TIH
Toromont Industries — Q3 2021 Earnings Presentation
9 slides from Toromont Industries's earnings presentation, Nov 5, 2021
Slide 1: Q3 2021 Results Conference Call
Q3 2021 Results Conference Call November 5, 2021
Slide 2: Advisory
Advisory Information contained herein that is not a historical fact is "forward-looking information". Words such as "plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "will", "may" and similar expressions are intended to identify statements
Slide 3: Events in Q3
Events in Q3 • Solid activity levels in our end markets YTD with easing of pandemic restrictions and shutdowns • Team continues to demonstrate their adaptability and dedication to respond to many variables and meet our customer needs • The Equipment Group reported strong prime product deliveries and
Slide 4: Q3 2021 Y/Y Financial Summary
Q3 2021 Y/Y Financial Summary Financial Data in $ million, EPS in $ per share • Healthy Backlogs of $1.1B with the Equipment Group up 253% and CIMCO lower 29% over 2020 levels • Revenues up 8% in the QTR (YTD up 18%), reflecting solid activity levels in most markets, as well as good execution from o
Slide 5: Q3 Equipment Group Highlights
Q3 Equipment Group Highlights Financial Data in $ million • Bookings up 45% in the QTR across all sectors except material handling (YTD up 85% across all sectors); Backlogs up 253% YoY • Revenues of $914.4 million up 10% in the QTR (YTD at $2.7 billion up 17% vs 2020) • New & Used equipment up 16% i
Slide 6: Q3 CIMCO Highlights
Q3 CIMCO Highlights Financial Data in $ million • Backlog of $153.8M, lower 29% YoY • Bookings of $48.5M up 22% for the QTR (YTD down 35%) reflecting increases in the recreational market and lower industrial orders, mainly due to exceptionally strong orders booked in Canada in 2020 • Recreational bo
Slide 7: Financial Highlights
Financial Highlights • Working Capital – reflecting teams focus and effective actions to proactively manage changes related to activity levels and underlying demand • AR increased $27 million, while DSO remained flat at 46 days from Q3 2020 • Inventories lower by $164 million, reflective of sales ac
Slide 8: Key Takeaways Leading into Q4
Key Takeaways Leading into Q4 • We continue to provide essential services and solutions to our clients, focusing on 3 key areas to protect our employees, serving our customer needs and protecting the business for the future • Expecting the business environment to remain fluid in Q4 and into 2022 and
Slide 9: Thank You & Stay Safe
Thank You & Stay Safe Q3 2021 Results Conference Call BUILDING TOMORROW November 5, 2021 BÂTIR DEMAIN