Toromont Industries Ltd. · TSX:TIH
Toromont Industries — Q3 2024 Earnings Presentation
13 slides from Toromont Industries's earnings presentation, Nov 5, 2024
Slide 1: Connecting Together: Q3 2024 Results
CONNECTING TOGETHER Q3 2024 Results Tuesday, November 5, 2024
Slide 2: Advisory
Advisory Information in this presentation that is not a historical fact is "forward-looking information". Words such as "plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "would", "will", "may" and similar expressions are intended to identi
Slide 3: Corporate developments
Corporate developments Welcome to our Board of Directors: Ave Lethbridge Paramita Das • 30+ years of experience in the energy industry • 20+ years of experience in the resources, mining and materials • 19+ years as a senior executive officer for Toronto Hydro industry, incl. near 10 years of experie
Slide 4: Recent Events - Acquisition of Tri-City
Recent Events - Acquisition of Tri-City • On September 9, 2024, the Company completed the acquisition of the business and net operating assets of Tri-City Equipment Rentals ("Tri-City"). • Tri-City is an industry leader in heavy equipment rentals with operations in Southwestern Ontario. The acquisit
Slide 5: Q3 Highlights
Q3 Highlights • Q3 results reflect good activity levels across most markets as well as continued execution against a strong order backlog, with revenue up 14% and net income down 10%. Bottom line results have been dampened as expected against a strong comparator reflective of market dynamics in play
Slide 6: Financial Highlights
Financial Highlights • Working Capital – increase in investment levels in Q3 2024 YoY and from December 2023; the team continues to exercise discipline and focus on customer requirements, market conditions and activity levels • Inventories – Increases relate to delivery timing, price increases and f
Slide 7: Financial Summary
Financial Summary Financial Data in $ million, EPS in $ per share • Bookings 4% higher in Q3 (YTD +11%) versus Q3 2023, higher Equipment Group orders offset by lower CIMCO orders against a strong comparator (YTD, higher Bookings : Backlog Revenue bookings: Equipment Group +12% and CIMCO +1%) 3,714 1
Slide 8: Equipment Group
Equipment Group Financial Data in $ million, EPS in $ per share Bookings : Backlog Equipment & • Bookings up 14% in Q3 (YTD up 12%) with strong bookings in construction, power Rentals systems and material handling being partially offset with lower mining orders 971 2,002 • Backlog 17% lower YoY refl
Slide 9: CIMCO
CIMCO Financial Data in $ million, EPS in $ per share • Bookings down 34% in Q3 (YTD +1%) Bookings : Backlog Revenue ◦ Industrial market down 78% (YTD down 42%) activity weaker in both Canada & the US vs a 276 strong comparator 245 340 ◦ Recreational market +56% (YTD +109%) stronger in Canada & in t
Slide 10: Key Takeaways Leading into Q4
Key Takeaways Leading into Q4 • Our key focus areas: • Execute safely • Serve and support our customer requirements • Disciplined focus on building our business for the future (leverage operating model & managing risks) • Backlogs remain healthy and bookings for the first nine months of the year hav
Slide 11: 2024 — 2025 Schedule
2024 — 2025 Schedule All dates and times are preliminary and subject to change Release Date Investor Call Time Quarter Investor Call Date After market close Eastern Fiscal 2024 February 11, 2025 February 12, 2025 8:00 AM Q1 2025 April 30, 2025 May 1, 2025 8:00 AM Q2 2025 July 29, 2025 July 30, 2025
Slide 12: Thank You
THANK YOU CONNECTING TOGETHER CONNECTONS ENSEMBLE 12
Slide 13: Connecting Together: Q3 2024 Results
CONNECTING TOGETHER Q3 2024 Results Tuesday, November 5, 2024