Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q1 2021 Earnings Presentation
11 slides from Manitowoc Company, Inc. (the)'s earnings presentation, May 6, 2021
Slide 1: First-Quarter 2021 Earnings Conference Call
First-Quarter 2021 Earnings Conference Call Aaron Ravenscroft– President & Chief Executive Officer May 6, 2021 David Antoniuk – EVP & Chief Financial Officer Ion Warner – VP Marketing & Investor Relations
Slide 2: Forward-Looking Statements
Forward-Looking Statements Safe Harbor Statement Any statements contained in this presentation that are not historical facts are “forward-looking statements.” These statements are based on the current expectations of the management of the Company, only speak as of the date on which they are made, an
Slide 3: Q1 2021 Summary
Q1 2021 Summary Solid operational execution Adjusted EBITDA margin up 100 bps YOY CFOA of $41 million Challenges to continue throughout the year • Rapid escalation of input costs • Supply Chain shortages Improved order intake and backlog • Robust EURAF tower business • Pockets of demand in MEAP • Mo
Slide 4: Financial & Other Key Metrics
Financial & Other Key Metrics Q1 2021 Q1 2020 Y/Y ∆ Orders $ 473.6 $ 375.0 26.3 % Net sales 354.3 329.2 7.6 % Engineering, selling & admin expenses 57.7 55.9 3.2 % Operating income 10.7 5.7 89.9 % Adjusted operating income (1) 11.0 7.2 52.7 % Net loss (3.1) (7.8) 60.7 % Adjusted net loss (1) (2.2) (
Slide 5: 2021 Outlook
2021 Outlook Positive order and backlog trends tempered due to continuing headwinds related to: • Lingering COVID-19 impact • Inflationary pressures (steel, logistics) • Supply chain constraints (semiconductor chips) Initiating full-year EBITDA guidance of $90M-$105M 5
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities 1. Expand EU tower crane ~$7M Capex in Q1; ~$15M rental fleet total planned in 2021 2. Grow Chinese tower crane Four new crane models business for Belt & Road regions 3. Accelerate NPD in all-terrain New models for bauma 2022; cranes “Grove Connect” Telematics 4. Bui
Slide 7: Appendix
Q@anitowoc Appendix
Slide 8: Backlog
Backlog £ 8 Appendix 1.2018 2 2018 3 2018 44 2018 Q1 2019 Q2 2019 Q3 2019 Qé 2019 A 2020 Q2 2020 3 2020 Q4 7020 1 2021 [BEnding Backlog —Orders $600 $500 $300 $200 $100 Orders $600 $300 $200 $100 10.6% i i 1 12018 Q2 2018 Q3 2018 Q42018 Qi 2019 G2 2019 Q3 2019 Qé 2019 Ai 2020 Q2 2020 Q3 2020 Qs 2020
Slide 9: Appendix
Appendix (1) Q1 2019 and forward reflects termination of Manitowoc’s accounts receivable securitization program 9
Slide 10: Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 10
Slide 11: Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 11