Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q4 2018 Earnings Presentation
11 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Feb 8, 2019
Slide 1: Fourth-Quarter 2018 Earnings Conference Call
Fourth-Quarter 2018 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer February 8, 2019 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: Fourth-quarter 2018 Summary
Fourth-quarter 2018 Summary • Sales up 7% Y/Y Financial • Backlog up 11% Y/Y Summary • Adj EBITDA of $31M, up 31 percent Y/Y --Seventh consecutive quarter of Y/Y percentage improvement • Adj DEPS of $0.16, up $0.31 Y/Y • Americas: continued strong demand led by U.S. commercial construction and energ
Slide 4: Financial & Other Key Metrics
Financial (3) & Other Key Metrics Q4 2018 Q4 2017 Y/Y ∆ FY 2018 FY 2017 Y/Y ∆ Orders $ 485.7 $ 620.2 (21.7)% $ 1,910.7 $ 1,864.2 2.5 % Net Sales 515.3 481.5 7.0 % 1,846.8 1,581.3 16.8 % SG&A Expense 67.0 66.5 0.6 % 251.6 245.3 2.5 % Operating income (loss) (62.0) 8.5 NmN (19.3) 8.4 NmN Non-GAAP adju
Slide 5: Full-Year 2019 Guidance
Full-Year 2019 Guidance Revenue Approximately $1.85 billion to $1.95 billion Adjusted EBITDA Approximately $125 million to $145 million Depreciation Approximately $37 million to $39 million Restructuring expense Approximately $12 million to $15 million Interest expense Approximately $28 million to $
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities • Wilhelmshaven, Germany Turnaround Margin Expansion • Mfg variances down 50% • Boom production up 20% • Streamlining European organization • APAC Growth Strategy: • Locally designed products meeting Growth market needs FPO FOR TEXT • New tower cranes under developme
Slide 7: Appendix
Q@anitowoc Appendix
Slide 8: Appendix
Appendix $600 10.0% 8.0% $500 6.0% $400 4.0% $300 2.0% 0.0% $200 -2.0% $100 -4.0% $- -6.0% Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Revenue Adj EBITDA % 8
Slide 9: Appendix
Appendix Adjusted DEPS by Quarter Non-GAAP CFOA 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 $0.60 $150 0.40 . $100 $0.20 = | |_| ss $ | i $ = = $(0.20) mm | = i — s(0.40) $(50) $(0.60) $(100) $(0.80) $(1.00) $(150) $1.20) $(200) Qi @ @ 4 ai a a3 ad qi q aa a Qi Q @ Qt ai g@ a at ai m
Slide 10: Appendix- Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation Adjusted EBITDA and Non-GAAP Adjusted Operating Income The company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, plus an addback of certain restructuring and other charges. The reconciliation of GAAP net income (lo
Slide 11: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures Non-GAAP Items Non-GAAP adjusted net income (loss) from continuing operations, non -GAAP adjusted EBITDA (“adjusted EBITDA”), non- GAAP adjusted operating cash flow, and non-GAAP adjusted DEPS are financial measures that are not in accordance with GAAP. Manitowo
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