Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q3 2018 Earnings Presentation
11 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Nov 6, 2018
Slide 1: Third-Quarter 2018 Earnings Conference Call
Third-Quarter 2018 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer November 6, 2018 Dave Antoniuk – SVP & 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, a
Slide 3: Third-quarter 2018 Summary
Third-quarter 2018 Summary • Orders up 22% Y/Y • Net sales up 13% Y/Y Financial • Operating income up 72% Y/Y Summary • Adj EBITDA of $31M, up 34 percent Y/Y -- Sixth consecutive quarter of Y/Y percentage improvement • Americas: increasing demand led by U.S. commercial construction and energy end ma
Slide 4: Financial & Other Key Metrics
Financial (3) & Other Key Metrics Q3 2018 Q3 2017 Y/Y ∆ Orders $ 458.1 $ 376.1 21.8 % Net Sales 450.1 399.4 12.7 % Gross Profit 80.0 72.5 10.4 % SG&A Expense 62.1 59.0 5.4 % Operating income (loss) 16.9 9.8 72.9 % Non-GAAP adjusted operating 21.5 13.5 59.2 % (1) income (loss) Income (loss) from cont
Slide 5: 2018 Guidance
2018 Guidance 2018 Guidance Revenue Approximately $1.800 to $1.825 billion Adjusted EBITDA Approximately $105 to $115 million Depreciation Approximately $36 million Restructuring expense Approximately $11 to $13 million Capital expenditures Approximately $30 million Approximately $14 to $16 million
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities Margin Expansion • Pricing to offset input cost headwinds • Improved aftermarket business • Strengthen partnership with channel in Growth Middle East • Capitalize on market recovery • Commitment to innovation targeting Innovation growth markets • NBT30H-2 TM boom tru
Slide 7: Appendix
Q@anitowoc Appendix
Slide 8: Appendix
Appendix $800 $700 $700 $600 $600 $500 $500 $400 Backlog Orders $400 $300 $300 $200 $200 $100 $100 $- $- Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Ending Backlog Orders $600 10% 8% $500 6% $400 4% $300 2% 0% $200 -2% $100 -4% $- -6% Q1 2016 Q2 2016 Q3 20
Slide 9: Appendix
Appendix Adjusted DEPS by Quarter Non-GAAP CFOA $0.60 $150 $0.40 $100 $0.20 $50 $- $(0.20) $- $(0.40) $(50) $(0.60) $(100) $(0.80) $(150) $(1.00) $(1.20) $(200) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2016 2016 2016 201
Slide 10: Appendix - Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation Adjusted EBITDA and Non-GAAP Adjusted Operating Income (loss) The company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, plus an addback of certain restructuring charges. The reconciliation of GAAP net income (loss)
Slide 11: Appendix - Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures Non-GAAP Items Non-GAAP adjusted income (loss) from continuing operations, non-GAAP adjusted EBITDA and non-GAAP adjusted operating cash flows are financial measures that are not in accordance with GAAP. Manitowoc believes these non-GAAP financial measures provi
The Manitowoc Company — Q3 2018 Earnings Presentation on 6ix