Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q2 2018 Earnings Presentation
9 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Aug 7, 2018
Slide 1: Second-Quarter 2018 Earnings Conference Call
Second-Quarter 2018 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer August 7, 2018 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: Second-quarter 2018 Summary
Second-quarter 2018 Summary • Orders up 14% Y/Y Financial • Net sales up 26% Y/Y Summary • Operating income up 103% Y/Y • Adj EBITDA of $38M, up 38 percent Y/Y -- Fifth consecutive quarter of Y/Y percentage improvement • Crane market seeing sustainable growth • Americas: growth in U.S. commercial co
Slide 4: Financial & Other Key Metrics
Financial (3) & Other Key Metrics Q2 2018 Q2 2017 Y/Y ∆ Orders $ 430.8 $ 379.5 13.5 % Net Sales 495.3 394.6 25.5 % SG&A Expense 62.1 58.4 6.4 % Operating income (loss) 24.1 11.9 102.8 % Non-GAAP adjusted operating 28.4 17.9 58.7 % (1) income (loss) Income (loss) 9.9 0.7 NmN Non-GAAP adjusted income
Slide 5: 2018 Guidance - Updated
2018 Guidance- Updated 2018 Guidance Revenue Approximately $1.775 to $1.850 billion Adjusted EBITDA Approximately $105 to $115 million Depreciation Approximately $36 million Restructuring expense Approximately $13 to $15 million Capital expenditures Approximately $25 to $30 million Income tax expens
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities Margin Expansion • Pricing to offset input cost headwinds • Proactive support of supply chain • Localized sourcing strategy leveraging Growth available manufacturing capacity • Deliver sales performance excellence using The Manitowoc Way principles • Five new product
Slide 7: Appendix
Q@anitowoc Appendix
Slide 8: Appendix - Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation Adjusted EBITDA and Non-GAAP Adjusted Operating Income (loss) The company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, plus an addback of certain restructuring charges. The reconciliation of GAAP net income (loss)
Slide 9: Appendix - Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures Non-GAAP Items Non-GAAP adjusted income (loss) from continuing operations, non-GAAP adjusted EBITDA and non-GAAP adjusted operating cash flows are financial measures that are not in accordance with GAAP. Manitowoc believes these non-GAAP financial measures provi
The Manitowoc Company — Q2 2018 Earnings Presentation on 6ix