Toromont Industries Ltd. · TSX:TIH
Toromont Industries — Q2 2024 Earnings Presentation
14 slides from Toromont Industries's earnings presentation, September 2024
Slide 1: Investor Q2 2024 Presentation
CONNECTING TOGETHER Investor Q2 2024 Presentation September 2024 Mike McMillan, President & CEO John Doolittle, EVP & CFO
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: Toromont Industries Ltd. – TIH (TSX)
Toromont Industries Ltd. – TIH (TSX) TIH is a diversified growth company that serves its shareholders and customers through several CORPORATE well-established, market-leading businesses, underpinned by a strong financial foundation. • Incorporated 1963 • Canadian Public Company 1967 These businesses
Slide 4: Q2 2024 Highlights
Q2 2024 Highlights • Q2 results increased on a continuing operations basis, with revenue up 16% and net income up 2%. End markets remain fairly active and more normalized supply when compared to the market factors we experienced last year. • Reman Bradford facility commenced operations during the qu
Slide 5: Q2 Consolidated Financial Summary (Continuing Operations)
Q2 Consolidated Financial Summary (Continuing Operations) Financial Data in $ million, EPS in $ per share • Bookings 13% lower in Q2 (YTD +13%) versus Q2 2023 lower in both groups, reflective in part of a strong comparable last year (YTD, higher bookings: Equipment Group +11% and CIMCO +31%) • Backl
Slide 6: Business Overview: Equipment Group
Business Overview: Equipment Group WE ARE TOROMONT. Toromont is your Cat dealer in: • Manitoba We are dedicated to • Ontario consistently delivering a • Québec superior customer experience • New Brunswick by providing new and good • P.E.I. quality used equipment and • Nova Scotia exceptional product
Slide 7: Business Overview: CIMCO
Business Overview: CIMCO CIMCO is a North American market leader in the design, engineering, fabrication, installation and servicing of industrial and recreational refrigeration systems. • Well recognized proprietary brand with 2023 Segments* 100+ year history • Bookings and Backlog at healthy level
Slide 8: Battlefield Equipment Rentals
Battlefield Equipment Rentals SINGLE SOURCE SUPPLIER FOR: • Rental Equipment • Cat Compact Equipment • New and Used Equipment Sales • Specialty Tools • Building Products • Safety Supplies 80+ 1,200+ LOCATIONS EMPLOYEES • Safety Training Includes 9 JobSite locations Branches located in Manitoba, Onta
Slide 9: Equipment Management Solutions
Equipment Management Solutions Toromont specialists work with our customers to determine the best strategies to maximize productivity, minimize costs and reduce risk. DO IT MYSELF WORK WITH ME DO IT FOR ME Solution Package Partnership Package Total Care Package SERVICE Quality service supplied by To
Slide 10: Remanufacturing and Repair
Remanufacturing and Repair Toromont Remanufacturing enables customers to maximize their equipment uptime and our off-the-shelf inventory of exchange components. 5 FULL-SERVICE MACHINE SHOPS 220+ REMAN TECHNICIANS/ COMPONENT REBUILDERS 3YR / 5000HR INDUSTRY LEADING WARRANTY ON MAJOR COMPONENTS • Serv
Slide 11: High Performance Capital Management
High Performance Capital Management Return on Opening Shareholders Equity (%) Net Debt-to-Capitalization (%) 25.7% 40% 23.0% 23.3% 22.8% 21.6% 22.3% 21.4% 20.0% 19.3% 19.6% 16.6% 18% 15% 10% 10% 6% 3% -4% -14% -16% -17% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013 2014 2015 2016 2017
Slide 12: Long-term Business Growth & Returns
Long-term Business Growth & Returns 56 Year Dividend Record 35 Years of Consecutive Growth 10 Yr Total Shareholder Return Annual Dividend per Share 600 2.00 1.92 TIH TSX 1.72 500 1.56 1.50 +14% 1.40 1.24 400 1.00 % 300 0.50 200 100 0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
Slide 13: Well Positioned for Long Term Success
Well Positioned for Long Term Success Market leading brands and position Large diversified installed base by geography and industry Organic growth opportunities expanding Rental Equipment, Product Support, telematics and digital capabilities Long term infrastructure and construction pipeline
Slide 14: Stronger Together
OUR EMPLOYEES • OUR CUSTOMERS • OUR SUPPLIERS • OUR STAKEHOLDERS STRONGER TOGETHER