Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q4 2017 Earnings Presentation
7 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Feb 9, 2018
Slide 1: Q4 2017 Earnings Conference Call
Q4 2017 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer February 9, 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: Q4 2017 Summary
Q4 2017 Summary • Orders up 78% Y/Y Financial • Backlog up 87% Y/Y Summary • Third consecutive quarter of positive Adjusted EBITDA as stand-alone crane company • Increasing confidence in some end-markets • Americas / Europe – order growth reflecting stocking Business actions for prospective demand i
Slide 4: Financial & Other Key Metrics
Financial & Other Key Metrics Q4 2017 Q4 2016 Y/Y ∆ FY 2017 FY 2016 Y/Y ∆ Orders $ 620.2 $ 348.3 78.1 % $ 1,864.2 $ 1,416.8 31.6 % Net Sales 481.5 378.2 27.3 % 1,581.3 1,613.1 (2.0)% SG&A Expense 68.0 61.9 9.9 % 252.6 280.7 (10.0)% Operating income (loss) 7.0 (23.8) 129.4 % 1.1 (153.3) 100.7 % Non-G
Slide 5: 2018 Guidance
2018 Guidance 2018 Guidance Adjusted EBITDA Approximately $96 to $116 million Depreciation Approximately $39 million Capital expenditures Approximately $25 to $30 million 5
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities • Positioned to fully leverage capacity in Shady Grove Margin Expansion • Realigning manufacturing capacity in Europe to increase velocity • Adopt new approaches to grow above Growth market • Continued investment in product innovation Innovation • 40% total Q4 sales
Slide 7: 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
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