Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — H1 2018 Earnings Presentation
24 slides from Manitou Bf Sa's earnings presentation, Jul 30, 2018
Slide 1: H1’18 Earnings
H1’18 Earnings Michel Denis, President & CEO Hervé Rochet, Chief Financial Officer H1’18 Earnings | July 30, 2018 1
Slide 2: Disclaimer
Disclaimer This presentation includes only summary information and does not in any way purport to be comprehensive. None of the Company or any of its affiliates, directors, officers, advisors and employees accepts any obligation, liability, claim or remedy for any loss arising from any use of these
Slide 3: The Group’s life
The Group’s life • 60 years’ Manitou forklift truck • Release of the REDUCE web platform : www.reduce-program.com • Manitou is gold award winner for the “Marketing B2B” prize for MRT launch innovative keynote • Successful ERP launch in France and in Belgium • New Manitou Corporate website • Mustang
Slide 4: Highlights
Highlights • H1’18 revenues of €941m*, +17% vs. H1’17, +18% like for like** • Q2 order intakes on equipment of €371m vs. €408m in Q2’17 • End of Q2 order book at €830m vs. €506m in Q2’17 • Recurring operating income at €63m (6.7%) vs. €48m (6.0%) in H1’17 • EBITDA at €80m (8.5%) vs. €62m in H1’17 •
Slide 5: H1’18 activity
1 H1’18 activity Résultats 2016 | Comité d’audit| 27 février 2017 Diffusion : Confidentielle 5
Slide 6: H1’18 Revenue Matrix
H1’18 Revenue Matrix MHA : Material Handling & Access CEP : Compact Equipment Products S&S : Services & Solutions Faster-growing boxes (vs. avg) shown in green H1’18 Earnings | July 30, 2018 6
Slide 7: Q2’18 Revenue Matrix
Q2’18 Revenue Matrix MHA : Material Handling & Access CEP : Compact Equipment Products S&S : Services & Solutions Faster-growing boxes (vs. avg) shown in green H1’18 Earnings | July 30, 2018 7
Slide 8: Evolution vs. 2017
Evolution vs. 2017 H1’18 Earnings | July 30, 2018 8
Slide 9: Evolution vs. 2017
Evolution vs. 2017 H1’18 Earnings | July 30, 2018 9
Slide 10: Order intakes & order book on equipment
Order intakes & order book on equipment H1’18 Earnings | July 30, 2018 10
Slide 11: MHA review
MHA review ✓ Advantages ✓ Markets dynamism ✓ Production sites ramp-up ✓ Control of the operational chain ✓ Successful ERP launch ✓ Improving profitability x Drawbacks x Exchange rates x Supplier tensio ns x Depth of the o rder book Growth and financial performance H1’18 Earnings | July 30, 2018 11
Slide 12: CEP review
CEP review ✓ Advantages ✓ Increase in activity and in rental market ✓ Order intake and order book ✓ Strong improvement in financial performance ✓ Mustang becomes "Mustang by Manitou" ✓ Evolution of the dollar D r aw b acks or t h A m erica x nsion in N te x Labour n s i ons S up p l i e r t e s t om
Slide 13: S&S review
S&S review ✓ Advantages ✓ Growth in net sales ✓ Development of new services ✓ Release of the new Reduce website (TCO, security) x Drawbacks si s e ff e ct o f the ne w se rvices x Ba x Mix of services ntal fleet x Low growth of the re x Exchange rate A steady growth H1’18 Earnings | July 30, 2018 13
Slide 14: Financial results
2 Financial results H1’18 Earnings | July 30, 2018 14
Slide 15: Income statement
Income statement H1’18 Earnings | July 30, 2018 15
Slide 16: Income statement by division
Income statement by division H1’18 Earnings | July 30, 2018 16
Slide 17: Operating profit evolution vs. 2017
Operating profit evolution vs. 2017 H1’18 Earnings | July 30, 2018 17
Slide 18: Balance sheet
Balance sheet H1’18 Earnings | July 30, 2018 18
Slide 19: Cash-Flow
Cash-Flow H1’18 Earnings | July 30, 2018 19
Slide 20: Investments
Investments H1’18 Earnings | July 30, 2018 20
Slide 21: Endettement
Endettement H1’18 Earnings | July 30, 2018 21
Slide 22: Outlook
3 Outlook H1’18 Earnings | July 30, 2018 22
Slide 23: 2018 Outlook
2018 Outlook Revenue : Outlook for an increase in sales of +15% Profitability : Outlook for an improved recurring operating income of approximately 80 basis points compared to 2017, i.e. an operating margin on sales of the order of 6,8% of sales H1’18 Earnings | July 30, 2018 23
Slide 24: Thanks for your attention
Thanks for your attention H1’18 Earnings | July 30, 2018 24