Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — H1 2022 Earnings Presentation
27 slides from Manitou Bf Sa's earnings presentation, Jul 28, 2022
Slide 1: 2022 Half-Year Earnings
2022 Half-Year Earnings Michel Denis - President and CEO Hervé Rochet - Chief Financial Officer Présentation I Auteur I Date Confidentiel I Publique I Restreint 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: Highlights
Highlights ■ H1 22 revenues of €1,057m, +9% vs. H1 21, +6% like for like* ■ Q2 22 order intake on equipment of €791m vs. €858m in Q2 21 ■ Q2 22 order book on equipment at €3,554m vs. €1,788m in Q2 21 ■ Recurring operating profit at €45.8m (4.3%) vs. €85.0m (8.8%) in H1 21 ■ Net income at €29.3m vs.
Slide 4: Evolution of the Executive Committee
Evolution of the Executive Committee Christine Prat was appointed on July 4 as the new Executive Vice President of Human Resources of the Group and member of the Executive Committee. Graduated of EISTI, she has both experience, having held Supply Chain and Customer Service management positions befor
Slide 5: 2022 Half-Year review
2022 Half-Year review ■ €70 million ($80 million) investment plan for our two North American manufacturing facilities in Yankton and Madison ■ Inauguration of the new platform plant in Candé (49) ■ Inauguration of new premises in Germany 2022 Half year results I July 28 2022 Public 5
Slide 6: 2022 Half-Year review
2022 Half-Year review ■ Acquisition of a majority shareholding in the Finnish company Lifttek based near Helsinki ■ Patent litigation between JCB and Manitou in the UK: 3 out of 4 JCB patents invalidated by the UK Court. No impact on the activity of the group. Manitou reserves the right to appeal th
Slide 7: 2022 Half-Year review
2022 Half-Year review ■ On The Way Up 2: Manitou Group's second annual CSR event ■ Presentation of the two major objectives of our 2030 low-carbon trajectory: reducing our direct and indirect carbon emissions by 46.2%, while reducing CO2 emissions from machines by 33.7% per hour of use ■ Validation
Slide 8: H1 2022 Activity
H1 2022 Activity 2022 Half year results I July 28 2022 Public 8
Slide 9: Q2 22 Activity
Q2 22 Activity Faster-growing boxes than the group S&S: Services & Solutions 2022 Half year results I July 28 2022 Public 9
Slide 10: H1 22 Activity
H1 22 Activity Faster-growing boxes than the group S&S: Services & Solutions 2022 Half year results I July 28 2022 Public 10
Slide 11: Evolution vs. H1 2021
Evolution vs. H1 2021 2022 Half year results I July 28 2022 Public 11
Slide 12: Evolution vs. H1 2021
Evolution vs. H1 2021 * at constant scope and exchange rates 2022 Half year results I July 28 2022 Public 12
Slide 13: Order intakes and orderbook on equipment (€m)
Order intakes and orderbook on equipment (€m) In order to limit the effects of inflation, the group has integrated in H1 2022 mechanisms for adjusting its sales prices at the time of delivery. These mechanisms will influence the valuation of the orderbook on equipment, which is booked and valued at
Slide 14: Product division
Product division ADVANTAGES - Acceleration of production rates - Launch of the new platform factory - Management of the component crisis - Acceleration of R&D - Mechanism adjustment for future sales prices - DRAWBACKS - Financial performance - Inflation on components - Supply chain tensions - Custom
Slide 15: S&S division
S&S division ADVANTAGES - Very strong business growth - Level of financial performance - Development of services - Acquisition of Lifttek in Finland DRAWBACKS - Tensions in the supply chain - Difficulty in renewing the group's rental fleet Growth, structuring and performance 2022 Half year results I
Slide 16: Financial results
Financial results 2022 Half year results I July 28 2022 Public 16
Slide 17: Income statement
Income statement 2022 Half year results I July 28 2022 Public 17
Slide 18: Income statement by division
Income statement by division 2022 Half year results I July 28 2022 Public 18
Slide 19: Recurring operating profit vs H1 2021
Recurring operating profit vs H1 2021 2022 Half year results I July 28 2022 Public 19
Slide 20: Balance sheet
Balance sheet 2022 Half year results I July 28 2022 Public 20
Slide 21: Cash-Flow
Cash-Flow 2022 Half year results I July 28 2022 Public 21
Slide 22: Investments
Investments 2022 Half year results I July 28 2022 Public 22
Slide 23: Net debt
Net debt 2022 Half year results I July 28 2022 Public 23
Slide 24: Outlook 2022
Outlook 2022 2022 Half year results I July 28 2022 Public 24
Slide 25: Outlook 2022
Outlook 2022 ■ Maintaining the expectation that revenues for 2022 will increase by more than 20% compared with 2021 ■ Maintaining the suspension of operating margin guidance in the lack of visibility 2022 Half year results I July 28 2022 Public 25
Slide 26: Appendix
Appendix 2022 Half year results I July 28 2022 Public 26
Slide 27: Appendix - Definition
Appendix - Definition Data on a comparable basis, i.e. at constant scope and exchange rates : ■ scope: for 2022 acquisitions, (Lifttek on May 2), restatement, from the date of their acquisition, to June 30, 2022. No company exited the scope in 2022. There is no acquired entity nor exit in 2021. ■ ex