Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q2 2024 Earnings Presentation

15 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Jul 31, 2024

  1. Slide 1: Oshkosh Corporation Second Quarter 2024

    Oshkosh Corporation Second Quarter 2024 July 31, 2024 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE OFFICER MIKE PACK – EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND PRESIDENT, VOCATIONAL PATRICK DAVIDSON – SENIOR VICE PRESIDENT, INVESTOR RELATIONS

  2. Slide 2: Forward-looking statements

    Forward-looking statements This presentation contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements

  3. Slide 3: Q2 highlights

    Q2 highlights Q2 Performance  Strong performance continues with $2.8 adj. EPS* of $3.34 $2.4 $3.34  Revenue growth of 18% +18.0%  Adj. operating margin* of 11.5% $2.74 +21.9%  Expect investments in new products and technology to support future growth  Began initial NGDV shipments for U.S. Posta

  4. Slide 4: Access

    Access 600S Telescopic Boom Lift  Strong Q2 results with 17.7% adj. operating margin*  Significant investments in new products, technologies and production capacity  Lower Q2 orders as expected; reflects normalizing of market conditions  Continue to expect low orders in Q3, but expect a signific

  5. Slide 5: Defense

    Defense Next Generation Delivery Vehicle (NGDV)  Launched production of NGDV in South Carolina facility  Domestic JLTV production winding down in early 2025, while NGDV is ramping up  Expect NGDV revenues to more than offset the decline of JLTV revenues in 2025  Working on new 5-year FHTV contra

  6. Slide 6: Vocational

    Vocational Pierce® Ascendant® 100’ Heavy-Duty Aerial Tower  Strong year-over-year revenue growth of 44% in Q2; excluding AeroTech, revenues grew 11%*  Strong backlog for Pierce fire trucks  Refuse and recycling collection vehicles  Customer pleased with early field testing of Volterra ZSL, purpo

  7. Slide 7: Consolidated results

    Consolidated results Dollars in millions, except per share amounts Three months ended June 30 2024 2023 Q2 comments Net Sales $ 2,846.9 $ 2,413.1  Sales impacted by: % Change 18.0% 16.8% + Higher organic volume + AeroTech sales of $192 million Adjusted operating income* $ 328.2 $ 241.1 + Improved p

  8. Slide 8: Updated 2024 Outlook

    Updated 2024 Outlook Expectations in the range of: Segment information • Revenues of ~$10.7 billion • Adj. operating income* of ~$1.14 billion Measure Access Defense Vocational • Adjusted EPS* of ~$11.75 Additional expectations  Corporate and other of ~$190 million Sales ~$5.3 ~$2.1 ~$3.2  Tax rat

  9. Slide 9: Contacts

    Contacts: Oshkosh AeroTech Ranger Cargo Loader Patrick N. Davidson Senior Vice President, Investor Relations pdavidson@oshkoshcorp.com 920-502-3266 Victoria Connelly Senior Manager, Investor Relations vconnelly@oshkoshcorp.com 920-502-3108 Second Quarter 2024 Earnings Call July 31, 2024 9

  10. Slide 10: Appendix: Access

    Appendix: Access Q2 comments Dollars in millions Three months ended June 30 2024 2023  Sales impacted by: + Higher North American volume Net Sales $ 1,406.9 $ 1,328.3 % Change 5.9% 35.9%  Adjusted operating income* Adjusted operating income* $ 248.8 $ 214.0 impacted by: + Higher sales volume % Cha

  11. Slide 11: Appendix: Defense

    Appendix: Defense Q2 comments Dollars in millions Three months ended June 30 2024 2023  Sales impacted by: + Higher FMTV volume Net Sales $ 598.7 $ 498.1 + Start of NGDV production % Change 20.2% (7.6)% + Higher aftermarket sales Adjusted operating Income* $ 13.1 $ 7.5  Adjusted operating income*

  12. Slide 12: Appendix: Vocational

    Appendix: Vocational Q2 comments Dollars in millions Three months ended June 30 2024 2023  Sales impacted by: + AeroTech acquisition Net Sales $ 843.1 $ 587.5 + Improved pricing % Change 43.5% 6.5% + Higher organic volume Adjusted operating income* $ 118.5 $ 63.2  Adjusted operating income* % Chan

  13. Slide 13: GAAP to Non-GAAP reconciliation

    Appendix: GAAP to Non-GAAP reconciliation The tables below present a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (unaudited; in millions, except per share amounts): Three months ended June 30, 2024 2023 Earnings per share-diluted (GAAP) $

  14. Slide 14: GAAP to Non-GAAP reconciliation

    Appendix: GAAP to Non-GAAP reconciliation The tables below present a reconciliation of the Company’s presented GAAP measures to the most directly comparable non-GAAP measures (unaudited, in millions, except per share amounts): 2024 Expectations Three months ended September 30, Earnings per share-dil

  15. Slide 15: Commonly used acronyms

    Appendix: Commonly used acronyms ARFF Aircraft Rescue and Firefighting JLTV Joint Light Tactical Vehicle AWP Aerial Work Platform JPO Joint Program Office AMPS Aftermarket Parts & Service LRIP Low Rate Initial Production APAC Asia Pacific LVAD Low Velocity Airdrop ASC Accounting Standards Codificati

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