Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — Q1 2024 Earnings Presentation
16 slides from Manitou Bf Sa's earnings presentation, Apr 25, 2024
Slide 1: Q1 2024 Revenues
Q1 2024 Revenues Michel Denis - President and CEO Hervé Rochet - Chief Transformation & Governance Officer 1
Slide 2: Disclaimer
2 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 pr
Slide 3: Highlights
3 Highlights » Q1 24 revenues of €685m, + 3% vs. Q1 23, + 3% like for like(1) » Q1 24 order intake on equipment of €186m vs. €455m in Q1 23 » End of Q1 24 order book(2) on equipment at €1,878m vs. €3,414m in Q1 23 A quarter in line with expectations (1) at constant scope and exchange rates: terms de
Slide 4: Manitou BF's anniversary of public listing
4 th Manitou BF’s 40 anniversary of public listing Manitou Group celebrated on April 24th the 40 years since the company went public by ringing the opening bell on the stock market. The IPO enabled the group to strengthen its financial structure while looking to the long term. Today, we are maintaini
Slide 5: Group's life - Evolution of the Executive committee
5 Group’s life - Evolution of the Executive committee » Evolution of the group’s governance as from January 29, 2024 » Hervé Rochet now assumes the role of Chief Transformation & Governance Officer to accelerate the transformation and ensure the group’s sustainability and development. » Céline Brard h
Slide 6: Group's life
6 Group’s life » Signing of an additional €160m credit facility » Strengthening of the group’s liquidity » Supporting growth Q1 2024 Net sales | April 25th, 2024
Slide 7: Highlights - Acquisitions
7 Highlights - Acquisitions » Finalization of the acquisition of a majority stake in the Italian companies COME and Metal Work » COME, specialized in the manufacturing of mechanical welded parts » Metal Work, expert in bending and laser cutting » Acquisition in January 2024 Q1 2024 Net sales | April
Slide 8: Highlights - Products & Innovation
8 Highlights - Products & Innovation » Launch of a new scissors lift range dedicated to the European market » 3 new models of 8 m, 10 m and 12 m working height » Entry into the most voluminous aerial work platform market » Enabling the group to become a full-liner in the aerial work platform market
Slide 9: Q1 2024 Revenue
9 Q1 2024 Revenue S&S : Services and Solutions Faster-growing boxes (vs.avg) shown in green Q1 2024 Net sales | April 25th, 2024
Slide 10: Evolution Q1 2024 vs Q1 2023
10 Evolution Q1 2024 vs Q1 2023 Q1 2024 Net sales | April 25th, 2024
Slide 11: Evolution vs 2023
11 Evolution vs 2023 * at constant scope and exchange rates: definition in appendix Q1 2024 Net sales | April 25th, 2024
Slide 12: Order intake and order book on equipment (€m)
12 Order intake and order book on equipment (€m) The suspension of order intake on certain product lines contributed to the decrease in the order book. At the end of Q1 2024, order intake is no longer restricted. The order book represents around 9 months of activity. Q1 2024 Net sales | April 25th,
Slide 13: Operational review
13 Operational review » Business levels maintained at a high level » Back to normal for commercialisation methods (quota, order intake) currently being finalised » Heterogeneous dynamics by geography and product line » Slow operational ramp-up in North America » Weak order intake due to shortened del
Slide 14: Outlook
14 Outlook » Confirmation of expectation of stable revenue in 2024 compared with 2023 » Confirmation of expectation of recurring operating profit for 2024 to be over 6.5% of revenues Q1 2024 Net sales | April 25th, 2024
Slide 15: Appendix - Definitions
15 Appendix - Definitions Like for like, so at constant scope and exchange rates: » Scope: - for the company GI.ERRE acquired in March 2023, restatement from January 1 of the current year to the anniversary date of its acquisition, - for the companies acquired in 2024 (COME S.R.L and Metal Work S.R.L
Slide 16: Thank you
yy» THANK YOU SET THE WORLD MANITOU | IN MOTION