Terex Corporation · NYSE:TEX
Terex — Barclays Industrial Select Conference 2020
9 slides from Terex's conference presentation, Feb 20, 2020
Slide 1: Barclays Industrial Select Conference
Barclays Industrial Select Conference February 20, 2020 FOCUS • SIMPLIFY • EXECUTE TO WIN
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking information regarding future events or the Company’s future financial performance based on the current expectations of Terex Corporation. In addition, when included in this presentation, the words “may,” “expects,” “intends,” “ant
Slide 3: Q4 Highlights
Q4 Highlights Results are Continuing Operations • Driving Zero Harm Culture o Improved Workplace Safety Recordable Rate by 39% • Global industrial equipment market remains challenging • Overall Q4 2019 results in-line with expectations o Continued pressure on AWP sales and margins o MP maintained do
Slide 4: FY'19 Operating Results
FY’19 Operating Results USD Millions, except Earnings per Share FY 2019 FY 2019 FY 2018 FY 2018 As Reported As Adjusted(1) As Reported As Adjusted(1) Net Sales $4,353.1 $4,353.1 $4,517.2 $4,517.2 % Change vs 2018 (3.6%) (3.6%) Gross Profit $887.8 $892.2 $961.9 $961.4 % of Sales 20.4% 20.5% 21.3% 21.
Slide 5: Terex Strategy
Terex Strategy Genie S-85 Booms at New Utilities Facility FOCUS • SIMPLIFY • EXECUTE TO WIN 5
Slide 6: 2020 Strategic Operational Priorities
2020 Strategic Operational Priorities New Terex Ecotec TDS 825 Slow Speed Shredder Zero Harm Environmental, Health & Safety Culture Operational Excellence Big 5: Safety, Quality, Delivery, Cost, Morale Execute commercial excellence plan Digital innovation to better respond to customer needs Operatio
Slide 7: 2020 Guidance Update
2020 Guidance Update USD Millions, except Earnings per Share and otherwise noted Net Sales Operating Margin 2019 2019 2020 2019 Terex Guidance(1) Reported Adjusted Guidance (6) Segment 2019 2020 2019 Adjusted 2020 Guidance (1,2) Recast Guidance Recast Recast Guidance (6) Net Sales $4,353 $4,353 Down
Slide 8: Disciplined Capital Allocation
Disciplined Capital Allocation SINCE ANALYST DAY IN 2016 Cash Flow from Operations + After-tax Proceeds from Divestures • Refinanced senior notes and senior secured credit facility • Re-priced USD term loan (50 bps rate reduction) Optimal Capital Structure • Q3 ’16 – Q4 ’19 debt reduction of $512 mi
Slide 9: Summary
Summary • Challenging environment for industrial equipment • Excellent liquidity, strong balance sheet and business portfolio • Continue to drive improvement in Operational Execution • Maintaining our disciplined capital allocation strategy FOCUS • SIMPLIFY • EXECUTE TO WIN 9