Alamo Group, Inc. · NYSE:ALG
Alamo — Q2 2024 Earnings Presentation
18 slides from Alamo's earnings presentation, Aug 1, 2024
Slide 1: Investor Presentation: Second Quarter 2024 Results Summary
INVESTOR PRESENTATION SECOND QUARTER 2024 RESULTS SUMMARY JULY 2024
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and related conference call contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and represent only the Company’s beliefs and expectations. Fo
Slide 3: Alamo Group at a Glance
ALAMO GROUP AT A GLANCE Publicly traded since 1993 (NYSE: ALG) Quarterly dividend paid Alamo Group, the parent company of over 40 global continuously since going public brands, operates through two divisions: Industrial Equipment and Vegetation Management. We specialize in manufacturing equipment th
Slide 4: Our Brand Solutions
Forestry, Tree Care, Recycling OUR BRAND Biomass Production Agricultural Land Maintenance SOLUTIONS Landscaping & Turf Maintenance Roadside Mowing, Hedge and Brush Control Metal Mill & Mine Maintenance Street and Parking Lot Sweeping Our customers count on us to provide high- and Leaf, Brush and Deb
Slide 5: Manufacturing Operations
MANUFACTURING OPERATIONS 17 Global Reach and Operational Scale With a portfolio of 40+ brands, the Group operates 29 manufacturing locations worldwide. This extensive network enables Alamo Group to deliver its equipment, parts, and services across six continents. The Group’s commitment to quality, G
Slide 6: Financial Highlights 2Q24
FINANCIAL HIGHLIGHTS 2Q24 5.5% from $416.3M 2Q23 Net sales of $416.3 million decreased 5.5% compared Net Sales to $440.7 million in 2Q2023 ─ Industrial Equipment Division net sales of $204.8 1.9% from million grew 14.2% ─ Vegetation Management Division net sales of $211.5 million declined 19.1% 10
Slide 7: Sales and Earnings Overview
SALES AND EARNINGS OVERVIEW Sales and Earnings (USD Millions) Sales by Division (USD Millions) $500 $50 $500 $400 $40 $400 $300 $30 $300 Earnings Sales $200 $20 $200 $100 $10 $100 $0 $0 $0 2Q22 2Q23 2Q24 2Q22 2Q23 2Q24 Net Sales Net Earnings Vegetation Industrial 7 Alamo Group Investor Presentation
Slide 8: Balance Sheet
BALANCE SHEET Quarter Ended June 30 (In USD Thousands) 2024 2023 2022 Current Assets 907,476 871,971 748,303 Total Assets 1,505,970 1,457,759 1,332,376 Current Liabilities 207,556 214,845 189,616 Working Capital 699,920 657,126 558,687 Total Debt 293,599 347,584 371,164 Total Debt Net of Cash 175,06
Slide 9: Income Statement
INCOME STATEMENT Quarter Ended June 30 (In USD Thousands) 2024 2023 2022 Revenue 416,303 440,694 396,214 Gross Margin 108,181 118,074 99,717 % of Revenue 26.0% 26.8% 25.2% Operating Expenses 64,872 63,682 58,801 Operating Income 43,309 54,392 40,916 % of Revenue 10.4% 12.3% 10.3% Depreciation - PP&E
Slide 10: Our Commitment Driving Shareholder Value
OUR COMMITMENT Targeted Long-Term DRIVING SHAREHOLDER VALUE Performance Metrics 5-10% Alamo Group is well positioned to capitalize on its strong order backlog and sustained demand across most of its served markets to maintain its historic track record of long-term growth and total shareholder return
Slide 11: Outlook
Outlook 2024 Strong backlog and momentum in the Industrial Equipment Division indicates positive outlook for the balance of 2024 at least While backlog remains healthy in the Vegetation Management Division, current interest rates environment and higher dealer inventory levels will prolong headwi
Slide 12: Corporate Office
Corporate Office Additional details about Alamo Group’s financial news and reports can be located on our website 1627 East Walnut St. in the following documents: Seguin, Texas 78155 Info@alamo-group.com Earning Release can be found at alamo- (830) 379-1480 group.com > Investors > Financial News Rele
Slide 13: Appendix
Appendix 13 Alamo Group Investor Presentation
Slide 14: Reconciliations: EBITDA
Reconciliations EBITDA Quarter Ended June 30 (In USD Thousands) 2024 2023 2022 Operating Income 43,309 54,392 40,916 Depreciation - PP&E 6,699 5,749 5,412 Depreciation - Rental 2,459 2,154 1,875 Amortization 4,230 3,999 3,959 EBITDA (1) 56,697 66,294 52,162 (1) We define EBITDA as the total of Opera
Slide 15: Year-to-Date Results
Year-to-Date Results 15 Alamo Group Investor Presentation
Slide 16: Balance Sheet
BALANCE SHEET Quarter Ended June 30 Six Months Ended June 30 (In USD Thousands) 2024 2023 2022 2024 2023 2022 Current Assets 907,476 871,971 748,303 907,476 871,971 748,303 Total Assets 1,505,970 1,457,759 1,332,376 1,505,970 1,457,759 1,332,376 Current Liabilities 207,556 214,845 189,616 207,556 21
Slide 17: Income Statement
INCOME STATEMENT Quarter Ended June 30 Six Months Ended June 30 (In USD Thousands) 2024 2023 2022 2024 2023 2022 Revenue 416,303 440,694 396,214 841,889 852,465 758,219 Gross Margin 108,181 118,074 99,717 219,813 230,581 186,358 % of Revenue 26.0% 26.8% 25.2% 26.1% 27.0% 24.6% Operating Expenses 64,
Slide 18: Reconciliations: EBITDA
Reconciliations EBITDA Quarter Ended June 30 Six Months Ended June 30 (In USD Thousands) 2024 2023 2022 2024 2023 2022 Operating Income 43,309 54,392 40,916 90,288 103,416 70,035 Depreciation - PP&E 6,699 5,749 5,412 13,279 11,270 10,648 Depreciation - Rental 2,459 2,154 1,875 4,814 4,259 3,765 Amor