Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — H1 2020 Earnings Presentation
28 slides from Manitou Bf Sa's earnings presentation, Jul 30, 2020
Slide 1: 2020 Half-Year Earnings
2020 Half-Year Earnings Michel Denis - President and CEO Hervé Rochet - Chief Financial Officer 2020 Half year results I July 30 2020 Public 1
Slide 2: Disclaimer
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
Slide 3: Highlights
Highlights ■ H1 20 revenues of €762m, -35% vs. H1 19, -35% like for like* ■ Q2 order intake on equipment of €180m vs. €286m in Q2 19 ■ End of Q2 20 order book on equipment at €555m vs. €643m in Q2 19 ■ Recurring operating income at €30.1m (3.9%) vs. €90.1m (7.7%) in H1 19 ■ Net income group part at
Slide 4: 2020 Half-Year review: Covid-19 epidemic
2020 Half-Year review Covid-19 epidemic ■ Mid-March ○ health emergency measures ○ Closure of production plants in France, Italy and India ○ Maintaining continuity of spare parts and services ○ Slower activity in the group's distribution companies ○ Setting up partial activities when possible (France
Slide 5: Implementation of a resilience plan globally
2020 Half-Year review Implementation of a resilience plan globally ■ Partial activity ■ Hiring freeze ■ Take time off work ■ Cost reduction ■ Staff reduction (USA) ■ Deferral of all non-essential projects 2020 Half year results I July 30 2020 Public 5
Slide 6: 2020 Half-Year review: Events
2020 Half-Year review Events ■ June ○ Manitou Group's commitment to an eco-responsible industry with the signature of the EMC2 manifesto ■ July ○ Manitou Group wins European Rental Awards 2020 Half year results I July 30 2020 Public 6
Slide 7: H1 2020 Activity
1 H1 2020 Activity Résultats S1 2019 I 30 juillet 2019 Public 7
Slide 8: Q2 Revenue Matrix
Q2 20 Revenue Matrix MHA : Material Handling & Access Faster-growing boxes (vs. avg) shown in green CEP : Compact Equipment Products S&S : Services & Solutions 2020 Half year results I July 30 2020 Public 8
Slide 9: H1 Revenue Matrix
H1 20 Revenue Matrix MHA : Material Handling & Access Faster-growing boxes (vs. avg) shown in green CEP : Compact Equipment Products S&S : Services & Solutions 2020 Half year results I July 30 2020 Public 9
Slide 10: Evolution vs. 2019
Evolution vs. 2019 2020 Half year results I July 30 2020 Public 10
Slide 11: Evolution vs. 2019
Evolution vs. 2019 * at constant scope and exchange rates : definition in appendix 2020 Half year results I July 30 2020 Public 11
Slide 12: Order intake and order book on equipment
Order intake and order book on equipment 2020 Half year results I July 30 2020 Public 12
Slide 13: MHA review
MHA review ADVANTAGES Covid crisis management Agility to close and restart production Capacity to serve Agriculture customer on time Magnitude of cost reduction DRAWBACKS Magnitude of the crisis Negative perspective with rental customer Reduced productivity due to H&S new measures Profitability drop
Slide 14: CEP review
CEP review ADVANTAGES US remained open as supporting essential business Crisis management Organization downsized DRAWBACKS Magnitude of revenue drop 2 months deep sanitary lockdown in India Step back from rental firms Division profitability Massive revenue and profitability drop, downsized organizat
Slide 15: S&S review
S&S review ADVANTAGES Continue to support customers during crisis Services less impacted by crisis than machines Favorable product mix Level of profitability DRAWBACKS Revenue decrease Dealy in new services deployments Improved business resilience, favorable mix, profitability record 2020 Half year
Slide 16: Financial results
2 Financial results 2020 Half year results I July 30 2020 Public 16
Slide 17: Income statement
Income statement 2020 Half year results I July 30 2020 Public 17
Slide 18: Income statement by division
Income statement by division 2020 Half year results I July 30 2020 Public 18
Slide 19: Current operating profit evolution vs. 2019
Current operating profit evolution vs. 2019 2020 Half year results I July 30 2020 Public 19
Slide 20: Balance sheet
Balance sheet 2020 Half year results I July 30 2020 Public 20
Slide 21: Cash-Flow
Cash-Flow 2020 Half year results I July 30 2020 Public 21
Slide 22: Investments
Investments 2020 Half year results I July 30 2020 Public 22
Slide 23: Net debt
Net debt 2020 Half year results I July 30 2020 Public 23
Slide 24: Outlook
3 Outlook 2020 Half year results I July 30 2020 Public 24
Slide 25: Outlook 2020
Outlook 2020 ■ Sales trend : Anticipation of 2020 revenue decrease of around 30% compared to 2019 ■ Profitability : Expected Recurring operating income in a range of 2.7% to 3.2% of revenue 2020 Half year results I July 30 2020 Public 25
Slide 26: Appendix
Appendix FR-ACT process I Consolidation I February 2019 Restricted 26
Slide 27: Appendix - Definition
Appendix - Definition On a comparable basis at constant scope and exchange rates: ■ for 2019 acquisitions (Mawsley Machinery Ltd at the end of October 2019), subtraction of their contribution, from January 1st to March 31, 2020. There is no exit in 2019. There is no acquisition nor exit in 2020. ■ a
Slide 28: Thank you for your attention
Thank you for your attention Résultats S1 2019 I 30 juillet 2019 Public 28