Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — H1 2023 Earnings Presentation
32 slides from Manitou Bf Sa's earnings presentation, Jul 27, 2023
Slide 1: 2023 Half-Year Results
2023 Half-Year Results Michel Denis, President and CEO Hervé Rochet, Corporate secretary - Chief financial officer 2023 Half-year results - July 27, 2023
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 - Acquisitions
3 Highlights - Acquisitions » Finalization of acquisition of majority stack (82%) of the French company easyLi » Specialized in the production and maintenance of Lithium-ion batteries » Expertise in the development of battery management systems » Closing January 2023 » Finalization of the acquisitio
Slide 4: Highlights - Investments
4 Highlights - Investments » New Mecalux automated pick & store at the Ancenis spare parts center 2023 Half-year results - July 27, 2023
Slide 5: Highlights - Investments
5 Highlights - Investments » Investment in a new mechanical welding center adjoining the Candé AWP plants to secure future business growth. Investment of €60 million in addition to the €460 million New Horizons 2025 plan. Commissioning scheduled for late 2025. 2023 Half-year results - July 27, 2023
Slide 6: Highlights - CSR
6 Highlights - CSR » Manitou Group joins the Convention of Companies for the Climate » Signature of an exclusive partnership with Kiloutou for the first retrofit project to equip used Manitou combustion-engine telehandler with electrification kits » On the way up #3 : third edition of our program dedic
Slide 7: Highlights - Products & Innovation
7 Highlights - Products & Innovation » Full renewal of the skid and track compact loaders range » Launch of a telehandlers range for the North American construction market and rental sector » Electric models dedicated to the US market : » Electrical rough terrain aerial work platforms ATJ 60e and AT
Slide 8: Highlights - Awards
8 Highlights - Awards Innovation » 23rd out of 200 French innovation leaders according to a Les Echos Statista survey » Two innovations, the Manitou steering ministick and the Stop & start, rewarded at the INNOV'SPACE 2023 2023 Half-year results - July 27, 2023
Slide 9: Highlights - Awards
9 Highlights - Awards RSE » Sustainable industry trophy 2023 in the “decarbonization" category » 1st place in Capital Magazine's 2023 ranking of employees' favorite companies in the industrial machinery and equipment specialists sector 2023 Half-year results - July 27, 2023
Slide 10: Highlights - Awards
10 Highlights - Awards Product » No1 in agricultural telescopic forklift registrations in France for the 3rd year running » Grands Prix Matériel 2023 of Chantiers de France in the “heavy range” category for the MRT 2260e and 2660e » The 160 ATJ+e MEWP receives the “Product of the year” award at the
Slide 11: H1 2023 Activity
H1 2023 Activity 2023 Half-year results - July 27, 2023
Slide 12: Highlights
12 Highlights » H1 23 Net sales of €m 1,402, +33% vs. H1 22 (+33% like for like(1)) » Q2 23 revenues of €m 736, +21% vs. Q2 22 » Q2 23 order intake on equipment of €m 287 vs. €m 791 in Q2 22 » End of Q2 23 order book(2) on equipment at €m 3,061 vs. €m 3,554 in Q2 22 » Recurring operating income at €
Slide 13: Q2 Revenue Matrix
13 Q2 23 Revenue Matrix S&S : Services and Solutions Faster-growing boxes (vs.avg) shown in green 2023 Half-year results - July 27, 2023
Slide 14: Evolution Q2 2023 vs Q2 2022
14 Evolution Q2 2023 vs Q2 2022 2023 Half-year results - July 27, 2023
Slide 15: 6 months Revenue Matrix
15 6 months Revenue Matrix S&S : Services and Solutions Faster-growing boxes (vs.avg) shown in green 2023 Half-year results - July 27, 2023
Slide 16: Evolution 6 months 2023 vs 6 months 2022
16 Evolution 6 months 2023 vs 6 months 2022 2023 Half-year results - July 27, 2023
Slide 17: Evolution vs 2022
17 Evolution vs 2022 * at constant scope and exchange rates : definition in appendix 2023 Half-year results - July 27, 2023
Slide 18: Order intake and order book on equipment (€m)
Order intake and order book on equipment (€m) The order intake suspension over some product lines helped to reduce the order book, which remains at a deep level. 2023 Half-year results - July 27, 2023
Slide 19: Product Division
Product Division Advantages - Production level - Improvement of supply chain fluidity - Inflation decrease - Profitability enhancement Drawbacks - Trend and economic uncertainty - Order book depth Huge activity and profitability rebound 2023 Half-year results - July 27, 2023
Slide 20: S&S Division
S&S Division Advantages - Economic growth - GI.Erre acquisition - Resources strengthening Drawbacks - Pressure on margins - Rental fleet renewal not sufficient - Impact of shared costs with Product division Division structuring is continuing 2023 Half-year results - July 27, 2023
Slide 21: Financial results
Financial results 2023 Half-year results - July 27, 2023
Slide 22: Income statement
Income statement 2023 Half-year results - July 27, 2023
Slide 23: Income statement by division
Income statement by division 2023 Half-year results - July 27, 2023
Slide 24: Recurring operating profit evolution 2023 vs. 2022
Recurring operating profit evolution 2023 vs. 2022 2023 Half-year results - July 27, 2023
Slide 25: Balance sheet
Balance sheet 2023 Half-year results - July 27, 2023
Slide 26: Cash-flow
Cash-flow 2023 Half-year results - July 27, 2023
Slide 27: Investments
27 Investments 2023 Half-year results - July 27, 2023
Slide 28: Net debt
Net debt 2023 Half-year results - July 27, 2023 EBITDA: Earnings before interest, taxes, depreciation, and amortization, on rolling 12-month, restated from IFRS 16 impacts
Slide 29: Outlook
Outlook 2023 2023 Half-year results - July 27, 2023
Slide 30: Outlook
Outlook Expected revenue growth of around 20% in 2023 compared to 2022 Expected recurring operating profit for 2023 to be over 5.5% of revenues 2023 Half-year results - July 27, 2023
Slide 31: Appendix - Definitions
31 Appendix - Definitions Like for like, so at constant scope and exchange rates : » Scope : - for the company Lifttek acquired in May 2022, restatement from January 1 of the current year to the anniversary date of its acquisition ; - for the companies acquired in 2023 (easyLi in January 2023 and GI.
Slide 32: THANK YOU
THANK YOU THANK YOU 2023 Half-year results - July 27, 2023