Oshkosh Corporation (Holding Company) · NYSE:OSK
Oshkosh Corporation (Holding Company) — Q3 2012 Earnings Presentation
13 slides from Oshkosh Corporation (Holding Company)'s earnings presentation, Jul 26, 2012
Slide 1: Oshkosh Corporation Third Quarter Fiscal 2012
Oshkosh Corporation Third Quarter Fiscal 2012 July 26, 2012 MISSION DRIVEN: To Move the World at Work Charles L. Szews President and Chief Executive Officer David M. Sagehorn Executive Vice President and Chief Financial Officer Patrick N. Davidson Vice President, Investor Relations
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements
Slide 3: Oshkosh Q3 FY12 Results
Oshkosh Q3 FY12 Results Sales of $2.18 billion and EPS* of $0.82 OSK Fiscal Q3 Performance Another quarter of solid $3,00 0 $3.00 performance $2,50 0 $2.50 Growth in all non-defense $2,176 $2,023 (millions) Net Sales segments $2,00 0 $2.00 EPS* – Led by continued recovery in $1,50 0 $1.50 access equ
Slide 4: Market Conditions
Market Conditions Strong global access equipment sales – Solid industry metrics driving North American replacement demand – Product adoption & infrastructure buildout expected to drive emerging markets demand – Monitoring European and emerging market conditions Received order for 750 M-ATVs from U.A
Slide 5: Operations Update
Operations Update Oshkosh Operating System driving organizational momentum Improved margins in access equipment segment FMTV program margins continued to improve – Modified production and delivery schedules for FY13 & FY14 Rationalizing two smaller businesses – Ambulance – European mobile medical ve
Slide 6: Consolidated Results
Consolidated Results (Dollars in millions, except per share amounts) Third Quarter Comments 2012 2011 Sales impacted by: Net Sales $2,176.3 $2,022.9 + Non-defense volumes % Change 7.6% (17.1)% + Higher FMTV volume – Lower FHTV volume Operating Income $124.5 $126.0 – Lower defense aftermarket parts %
Slide 7: Updated Expectations for FY12
Updated Expectations for FY12(1) Measure Access Defense Fire & Commercial Equipment Emergency (2) Sales ~ 40% higher ~ 10% lower Up slightly ~ 20% higher Operating Income 7.5% - 8.0% 5.0% - 5.5% Small loss 3.5% - 4.0% Margin Flat corporate expenses Tax rate of 29% to 30% CapEx of $50 to $60 million
Slide 8: For information contact
MISSION DRIVEN: To Move the World at Work For information contact: Patrick N. Davidson Vice President, Investor Relations 920 966-5939 pdavidson@oshkoshcorp.com Tina Schmiedel Director, Investor Relations 920 233-9235 tschmiedel@oshkoshcorp.com
Slide 9: Appendix: Access Equipment
Appendix: Access Equipment (Dollars in millions) Third Quarter Comments Sales impacted by: 2012 2011 Replacement demand in Net Sales $814.6 $580.1 North America % Change 40.4% (18.4)% Broad international demand Price realization Operating Income $88.2 $29.5 Margins impacted by: % Change 199.7%
Slide 10: Appendix: Defense
Appendix: Defense (Dollars in millions) Third Quarter Comments 2012 2011 Sales impacted by: Lower FHTV and Net Sales $958.5 $1,107.0 M-ATV volume % Change (13.4)% (34.9)% Lower aftermarket parts sales + Higher FMTV volume Operating Income $40.2 $112.5 Margins impacted by: % Change (64.3)% (63.0)
Slide 11: Appendix: Fire & Emergency
Appendix: Fire & Emergency (Dollars in millions) Third Quarter Comments 2012 2011 Sales impacted by: + International volume Net Sales $246.1 $216.0 + Air Force deliveries % Change 13.9% (2.7)% Margins impacted by: Operating Income $6.4 $4.4 + Improved absorption related to higher volumes % Change 44
Slide 12: Appendix: Commercial
Appendix: Commercial (Dollars in millions) Third Quarter Comments Sales impacted by: 2012 2011 + Higher concrete mixer volume Net Sales $176.2 $158.5 + Higher parts & service sales % Change 11.2% 0.1% – Lower intersegment defense sales Operating Income $12.1 $3.7 Margins impacted by: % Change 224.3%
Slide 13: Appendix: Commonly Used Acronyms
Appendix: Commonly Used Acronyms ARFF Aircraft Rescue and Firefighting MECV Modernized Expanded Capability Vehicle AWP Aerial Work Platform MRAP Mine Resistant Ambush Protected CNG Compressed Natural Gas MSVS Medium Support Vehicle System (Canada) DoD Department of Defense MTT Medium Tactical Truck