Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Investor Presentation (February 2026)
24 slides from Manitowoc Company, Inc. (the)'s investor presentation, Feb 10, 2026
Slide 1: The Manitowoc Company, Inc. February 2026
The Manitowoc Company, Inc. February 2026
Slide 2: Why Invest in The Manitowoc Company?
Why Invest in The Manitowoc Company? SUCCESSFULLY EXECUTING BUSINESS TRANSFORMATION Improving margin and return profiles Increasing mix of higher-margin, recurring revenue to reduce impact of economic cycles Crane demand is poised for recovery from multi-year secular and cyclical tailwinds Strong ac
Slide 3: Who We Are - Leading Global Full-Service Crane Provider
Who We Are - Leading Global Full-Service Crane Provider Top Three Market Share Position in Each Crane Category(1) Tower Boom Trucks Crawler Mobile Hydraulic Global Footprint 9 Manufacturing Sites 46 Service Locations 4,700 Employees $154M(3) RPO / Rental Fleet ~$2.2B Net Sales $122M(2) Adj. EBITDA 5
Slide 4: The Manitowoc Way - A Culture Built on Continuous Improvement
The Manitowoc Way - A Culture Built on Continuous Improvement Engage Employees on Multiple Levels Execute lean operating principles -- Kaizens Increase safety – reduced RIR(1) from 1.77 in 2016 to 0.94 in 2025 Foster employee development Innovate Our Product Offerings >50 new or refreshed models lau
Slide 5: CRANES+50: Deliver Total Lifting Solutions
CRANES+50: Deliver Total Lifting Solutions Cranes+50 to achieve aspirational goal of 15% roic Increase Aftermarket Team Grow service technician and PSSRs Increase used sales Increase Aftermarket Portfolio Develop new aftermarket products Introduce new services Grow new value-added services Leverage
Slide 6: Crane replacement demand expected to accelerate
Crane replacement demand expected to accelerate MTW Net Sales - Crane Cycle Company estimates 2007 - 2008 Peak of the last cycle Aging Fleets Average age of cranes is greater than 15 years(1) relative to historic levels of 7-10 years. Unit volumes have been flat to down industry wide. Inflation / Ta
Slide 7: Crane demand expected to accelerate - Secular Tailwinds
Crane demand expected to accelerate Crane Demand - Secular Tailwinds MANITOWOC OPPORTUNITY Power Generation Power Transmission Oil & Gas Residential Construction Mining Infrastructure Energy & Grid Modernization Chip Fabrication “Europe’s housing shortage is expected to worsen, with an estimated 9.6
Slide 8: Reduce Impact of Economic Cycles
Reduce Impact of Economic Cycles Focus on Growth of Aftermarket Services Increase Margin Mix shift and cost synergies to increase margin Non-New Gross Profit ~35% Increase ROI Returns above the cost of capital Average 15% Adjusted ROIC(1) over the long term Remanufacturing and Used Sales Full-Servic
Slide 9: M&A Strategy
- M&A Strategy Disciplined M&A Strategy Opportunistic acquisitions of crane dealers in North America and Europe Capture retail margin Expand services capabilities Reduce cyclical whipsaw effect of channel inventory Complementary Acquisitions $180M combined acquisition value for H&E Crane business an
Slide 10: Organic Growth Initiatives
Organic Growth Initiatives North America New / Upgraded service locations – Denver, Aiken, Kansas City, Nashville, Baton Rouge, Phoenix Hiab distribution and service agreement for loader cranes in 13 states Grew service techs from 144 to more than 195 Europe New / Upgraded service locations - Madrid
Slide 11: Investment in Rental Fleet
- Investment in Rental Fleet Rental Fleet Profile Current RPO/rental fleet: ~270 cranes(1) Average age of RPO / rental fleet ~27 months(1) High ROIC Investments $98M growth in RPO / rental fleet assets to 154M(2) from 2020 Targeted payback period of 3 to 5 years “Crane only” Rentals Assist rental ho
Slide 12: Blueprint for Revenue Growth - Long-Term Target
Blueprint for Revenue Growth - Long-Term Target Organic Growth New Branches Service Technicians Rental Used Crane Accretive M&A Secular Growth Infrastructure Spending Aspirational Target $3B Total Sales Cyclical Recovery Aging Fleet EU Tower Cranes 2025 $2.2B(1) Total Sales +$310M Non-New Machine Sa
Slide 13: Blueprint for Adjusted EBITDA - Long-Term Target
Blueprint for Adjusted EBITDA - Long-Term Target Mix Shift Greater Portion of Recurring Non-New Machine Sales Fixed Cost Absorption in EU Tower Crane Business Continuous Improvement Aspirational Target 12% Adjusted EBITDA Operating Leverage 2025 5.4% Adjusted EBITDA(1) For the year-ended December 31
Slide 14: Blueprint for ROIC - Long-Term Target
Blueprint for ROIC - Long-Term Target Accretive M&A High ROIC Investments Increasing Profitability Aspirational Target 15% Adj. ROIC(1) Working Capital Management 2025 5.3% Adj. ROIC(1) Adjusted ROIC is defined as adjusted net operating profit after taxes divided by total net assets less cash, debt,
Slide 15: Our Capital Allocation Priorities - Investing in our Business
Our Capital Allocation Priorities - Investing in our Business Excludes rental assets purchased through strategic acquisitions Investments Focus on High ROIC, Recurring Revenue Streams <3x Target Net Leverage Ample Liquidity $29M remaining on approved repurchase plan Offset dilution Return capital to
Slide 16: Why Invest in The Manitowoc Company?
Why Invest in The Manitowoc Company? SUCCESSFULLY EXECUTING BUSINESS TRANSFORMATION Improving margin and return profiles Increasing mix of higher-margin, recurring revenue to reduce impact of economic cycles Crane demand is poised for recovery from multi-year secular and cyclical tailwinds Strong ac
Slide 17: Appendix
Appendix
Slide 18: Crane Types and Retail Selling Prices
Crane Types and Retail Selling Prices(1) Average retail prices in US market $1,000 – 3,500K All-terrain (AT) $470K – 1,700K Rough-terrain (RT) $650K – 1,400K Truck-mounted (TM) $950 – 11,000K Lattice-boom Crawler $350K – 2,000K Tower Crane $250 – 800K Boom Truck
Slide 19: Sustainability Update - Ratings
Sustainability Update - Ratings ç Updated Jan 26 Updated Sep 25 Updated Dec. 25 For more information, refer to the Manitowoc 2024 Corporate Sustainability Report (click here)
Slide 20: Aspirations
Aspirations Dollars in millions
Slide 21: Appendix - GAAP to Non-GAAP Reconciliation
Appendix - GAAP to Non-GAAP Reconciliation Dollars in millions, excluding per share amounts Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release
Slide 22: Appendix - GAAP to Non-GAAP Reconciliation
Appendix - GAAP to Non-GAAP Reconciliation Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release
Slide 23: Appendix - GAAP to Non-GAAP Reconciliation
Appendix - GAAP to Non-GAAP Reconciliation Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release
Slide 24: Additional information
Additional information: Ion Warner – SVP Marketing & Investor Relations O +1 414-760-4805 M +1 717-414-1813 ion.warner@manitowoc.com www.manitowoc.com