Terex Corporation · NYSE:TEX
Terex — Jefferies 2018 Industrials Conference
9 slides from Terex's conference presentation, Aug 7, 2018
Slide 1: Jefferies 2018 Industrials Conference
Jefferies 2018 Industrials Conference New York City - August 7, 2018 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 press release, the words “may,” “expects,” “intends,” “an
Slide 3: Q2 Financial Highlights
Q2 Financial Highlights Results are Continuing Operations, Except Cash Figures • Increased sales by 19% to $1.4 billion • Increased as reported Operating Profit by $26 million, and as adjusted Operating Profit by $34 million or 41% • EPS of $0.73 as reported, $0.98 as adjusted • Increased backlog 31
Slide 4: Updating FY 2018 Guidance
Updating FY 2018 Guidance Guidance Updates (1) • Net sales increased to up ~18% from up ~15% • Operating margin ~7% • EPS updated to $2.80 - $3.00 from $2.70 - $3.00 (1) Excludes the impact of future divestitures, restructuring, transformation and other unusual items; Updated EPS guidance based on a
Slide 5: Terex Strategy: Focus, Simplify, Execute to Win
Terex Strategy Focus Simplify Execute to Win FOCUS • SIMPLIFY • EXECUTE TO WIN 5
Slide 6: Q2 Segment Highlights
Q2 Segment Highlights • Increased sales 27% AWP • Increased operating margin 320 bps, incremental margin ~26% • Increased backlog 11% Cranes • Increased sales 10% • Supply base challenges in mobile cranes impacted productivity • Increased backlog 31% MP • Increased sales 14% • Increased operating ma
Slide 7: Disciplined Capital Allocation
Disciplined Capital Allocation • Generated Q2 free cash flow of $66 million(1), YTD free cash flow Cash Flow from Operations + ~$128 million better than 2017 After-tax Proceeds from Divestures • Continued improvement of working capital, below 20% of sales for the second consecutive quarter • Increas
Slide 8: Summary
Summary • Continuing strong execution in AWP and Materials Processing • Addressing Mobile Cranes operational challenges • Updating full year EPS 2018 guidance • Continuing to implement plans in Simplify and Execute to Win priority areas • On-going execution of our disciplined capital allocation stra
Slide 9: Questions?
Questions? FOCUS • SIMPLIFY • EXECUTE TO WIN 9