Slide 1: Disclaimer
Disclaimer This presentation provides estimates on future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation or achievements of Cargotec may substantially deviate from the estimates. Forward-looking statements relating to future prospe
Slide 2: Strong orders
28 April 2021 • Orders received increased by 43% Strong orders • Profitability improved • Service orders received increased by 11% • Navis sold for EUR 380 million EV • 1 Mt CO2 emission reduction by 2024 Cargotec’s January–March 2021 interim report Mika Vehviläinen, CEO • Mikko Puolakka, CFO Cargot
Slide 3: Contents
Contents ● Q1/21 Highlights ● Market environment ● Group level development ● Business areas ● Financials and outlook 3
Slide 4: Highlights of Q1 2021 – Profitability improved
Highlights of Q1 2021 – Profitability improved Orders received increased by 43% ● Strong demand continued in Hiab and Kalmar’s mobile equipment ● Improvement in Kalmar Automation and Projects and MacGregor Sales decreased by 15% ● Reflects soft orders received in Q2–Q3/20 ● Service sales resilient ●
Slide 5: Equipment running hours improved from the fourth quarter
Equipment running hours improved from the fourth quarter +6% +18% +1% +4% +8% -4% +6% +2% Kalmar Mobile Equipment: -0% Change in machine activity - Q1/21 vs. Q4/20 +2% Hiab: Change in machine activity - Q1/21 vs. Q4/20 North America, Truck Mounted Forklift Europe - Loader Crane Cargotec’s January–Ma
Slide 6: Market environment - all key demand drivers improving
Market environment - all key demand drivers improving Global container Construction output2 – Key driver for Hiab Long term contracting – Key driver for MacGregor throughput1 – Key driver Merchant ships3 Offshore mobile units4 United States Europe for Kalmar Historical average5 Historical average6 +
Slide 7: Strong orders received in all businesses
Strong orders received in all businesses MEUR +7% (y/y) +44% (y/y) +58% (y/y) Cargotec’s January–March 2021 interim report | 28 April 2021 7
Slide 8: Order book increased by 22 percent driven by strong demand in Kalmar and Hiab
Order book increased by 22 percent driven by strong demand in Kalmar and Hiab Order book Order book by reporting MEUR segment, 31 Mar 2021 47% 24% 29% Cargotec’s January–March 2021 interim report | 28 April 2021 8
Slide 9: Sales burdened by low order intake in Q2–Q3/20
Sales burdened by low order intake in Q2–Q3/20 Sales Comparable operating profit MEUR MEUR x *) Including Corporate admin and support Cargotec’s January–March 2021 interim report | 28 April 2021 9
Slide 10: Service orders received increased by 11%
Service orders received increased by 11% Service and software* sales Service sales -2% in Q1/2021 MEUR ● Kalmar +5% ● Hiab +1% ● MacGregor -18% Software sales -11% in Q1/2021 Service and software 40% of total sales *Software sales defined as strategic business unit Navis and automation software Carg
Slide 11: Global leader in sustainable cargo flow
GLOBAL LEADER IN SUSTAINABLE CARGO FLOW :,:..0- KRLMRR ��� MRCGREGOR ��� HIRB ��� M,EOATRENDS D'IGIUILISATIDN. �CRRGOTEC
Slide 12: Business areas
Business areas Cargotec’s January–March 2021 interim report Cargotec’s January-March 2020 interim report 23/4/2020 12
Slide 13: Kalmar Q1 – Strong demand
Kalmar Q1 – Strong demand Strong orders received driven by Mobile Equipment MEUR Q1/21 Q1/20 Change Sales decreased by 20% Orders received 529 334 58% Order book 1,051 952 10% To be updated ● Decrease in Automation & Projects and in Mobile Equipment Sales 324 404 -20% ● Service and software sales Co
Slide 14: Hiab Q1 – Strong demand and improved profitability
Hiab Q1 – Strong demand and improved profitability Orders received and order book MEUR Q1/21 Q1/20 Change surged across all product categories Orders received 425 296 44% Order book 642 396 62% Sales 287 302 -5% Sales decreased by 5% Comparable ● Service sales +1% operating 39 31 26% profit Comparab
Slide 15: MacGregor Q1 – Orders received and profitability increased
MacGregor Q1 – Orders received and profitability increased Orders received increased driven by Merchant vessel-related orders MEUR Q1/21 Q1/20 Change Orders received 161 151 7% Sales decreased by 22% Order book 524 591 -11% ● Service sales -18% Sales 119 153 -22% To be updated Comparable operating p
Slide 16: Financials and outlook
Financials and outlook Cargotec’s January–March 2021 interim report Cargotec’s January-March 2020 interim report 23/4/2020 16
Slide 17: Key figures – Profitability improved
Key figures – Profitability improved Q1/21 Q1/20 Change Orders received, MEUR 1,115 781 43% Order book, MEUR 2,217 1,938 14% Sales, MEUR 730 858 -15% Comparable operating profit, MEUR 52 45 14% Comparable operating profit, % 7.1% 5.3% 180bps Items affecting comparability, MEUR -27 -19 -44% Operating
Slide 18: Cash flow increased due to lower net working capital
Cash flow increased due to lower net working capital Cash flow from operations before financing items and taxes MEUR Cargotec’s January–March 2021 interim report | 28 April 2021 18
Slide 19: Strong financial position and liquidity
Strong financial position and liquidity Net debt & gearing Total liquidity, 31 March 2021 MEUR *Cargotec adopted the IFRS 16 standard on 1 Jan 2019. Cargotec’s January–March 2021 interim report | 28 April 2021 19
Slide 20: Outlook for 2021
Outlook for 2021 Cargotec estimates 2021 comparable operating profit to improve compared to 2020 (EUR 227* million) *The comparable operating profit has been specified from EUR 228 million to EUR 227 million. Additional information about the comparable operating profit definition is presented in the
Slide 21: Let's reduce CO2 emissions at least percent by 2030
Let’s reduce CO, emissions at least 50 percent by 2030. This is critical for limiting global warming to 1.5 degrees.
Slide 22: Cargotec
Cy CARGOTEC