Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q1 2025 Earnings Presentation
14 slides from Manitowoc Company, Inc. (the)'s earnings presentation, May 7, 2025
Slide 1: First-Quarter 2025 Earnings Call
First-Quarter 2025 Earnings Call May 7, 2025
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 and
Slide 3: First-Quarter 2025 Highlights
First-Quarter 2025 Highlights Highlights $161M Successful bauma Non-new machine trade show sales up 11% YOY Positive reception to new $471M product launches and service Net Sales offerings Key Safety Metric Continuous $22M Recordable Injury Rate* Improvements Adjusted EBITDA 1.50 1.40 Integration of
Slide 4: Market Conditions
Market Conditions NORTH AMERICA EUROPE MIDDLE EAST ASIA PACIFIC - Improved order intake - Improved customer sentiment - Robust market demand - India remains strong - Stable rental utilization from German infrastructure - Continued major infrastructure - China weakness continuing - Some replacement o
Slide 5: Q1 2025 Financial & Other Key Metrics
Q1 2025 Financial & Other Key Metrics ($ in millions, ex per share amounts) -1% -13% +10% +22% +39% Q1 RESULTS EXCEEDED EXPECTATIONS 5
Slide 6: Q1 2025 Full-Year Other Key Financial Metrics
Q1 2025 Full-Year Other Key Financial Metrics ($ in millions) LIQUIDITY REMAINS STRONG AT $307M 6
Slide 7: Tariff Impact
Tariff Impact ($ in millions) Total Net Sales US Net Sales US New Machine Net Sales 25% 70% 50% 50% 30% 75% PLANS TO MITIGATE 80-90% OF THE ~$60M IN TARIFF COSTS* *Approximate tariff impact does not assume any changes to forecasted demand and is based on enacted tariffs as of May 7, 2025. 7
Slide 8: Manitowoc Strategy
Manitowoc Strategy Invested in Tower Crane Expanded our North American Transformed All-terrain New Product Development Service Footprint Crane Business Upgraded Facility in China to Support Large Tower Crane Production DRIVING VALUE CREATION 8
Slide 9: Appendix
Appendix
Slide 10: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation Three Months Ended March 31, 2025 2024 As reported Adjustments Adjusted As reported Adjustments Adjusted Gross profit $ 89.8 $ — $ 89.8 $ 92.5 $ — $ 92.5 Engineering, selling, and administrative expenses (82.9) — (82.9) (76.0) 0.1 (75.9) Amortization of int
Slide 11: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our first-quarter earnings release 11
Slide 12: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our first-quarter earnings release 12
Slide 13: Appendix – Adjusted ROIC Calculation
Appendix – Adjusted ROIC Calculation Trailing Twelve Months Ended March 31, 2025 Operating income $ 41.9 Amortization of intangible assets 3.0 Restructuring expense 4.8 Other non-recurring items - net 9.0 Adjusted operating income 58.7 Provision for income taxes at 15% (8.8) Adjusted NOPAT $ 49.9 5-
Slide 14: Additional information: Ion Warner – SVP Marketing & Investor Relations
Additional information: Ion Warner – SVP Marketing & Investor Relations O +1 414-760-4805 M +1 717-414-1813 ion.warner@manitowoc.com www.manitowoc.com
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