Oshkosh Corporation (holding Company) · NYSE:OSK

Oshkosh Corporation (holding Company) — Q3 2023 Earnings Presentation

17 slides from Oshkosh Corporation (holding Company)'s earnings presentation, Oct 26, 2023

  1. Slide 1: Oshkosh Corporation Third Quarter Fiscal 2023

    Oshkosh Corporation Third Quarter Fiscal 2023 October 26, 2023 JOHN PFEIFER - PRESIDENT AND CHIEF EXECUTIVE OFFICER MIKE PACK – EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER 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: Q3 highlights

    Q3 highlights  Strong performance with revenue Q3 Performance growth of 21.4% leading to adj. $2.5 $3.04 EPS* of $3.04 and double-digit adj. $2.1 operating margin* of 11%  Strong orders and robust demand +21.4% +164.3% provide visibility well into 2024  Pleased with integration of $1.15 AeroTech

  4. Slide 4: Access

    Access AG925 Agricultural Telehandler  Growth in all major regions  Improvements in operational execution and supply chain drove positive results  Robust outlook supported by strong demand drivers, including mega projects, infrastructure spending, industrial construction projects, new use cases a

  5. Slide 5: Defense

    Defense ROGUE-Fires  Adj. operating income* growth on lower yr/yr revenue  Selected for Phase I of U.S. Army’s Robotic Combat Vehicle (RCV) program  USMC order for ROGUE Fires unmanned mobile missile systems  NGDV scheduled for production ramp in 2H 2024  Divested snow removal equipment busines

  6. Slide 6: Vocational

    Vocational Striker® Volterra™ ARFF Vehicle  Revenue growth of 35% w/AeroTech  $116M contribution from AeroTech  Strong performance highlighted by 11% adj. operating margin*  Initial quarter with AeroTech as part of segment; integration progressing well  Notable Volterra ARFF orders for DFW and

  7. Slide 7: Consolidated results

    Consolidated results Dollars in millions, except per share amounts Three months ended September 30 2023 2022 Q3 comments Net Sales $ 2,509.9 $ 2,066.7  Sales impacted by: % Change 21.4% 0.2% + Higher volume + Inclusion of sales related Adjusted operating income* $ 276.3 $ 126.9 to acquisitions % Ch

  8. Slide 8: Updated 2023 Outlook

    Updated 2023 Outlook Expectations in the range of: • Revenues of ~$9.65 billion • Adj. operating income* of ~$875 million Segment information • Adjusted EPS* of ~$9.50 Measure Access Defense Vocational Additional expectations  Corporate expenses of ~$180 million  Tax rate of ~25% Sales ~$5.0 ~$2.1

  9. Slide 9: Contacts

    Contacts: McNeilus® Volterra™ ZSL 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 Third Quarter 2023 Earnings Call October 26, 2023 9

  10. Slide 10: Appendix: Access

    Appendix: Access Q3 comments Dollars in millions  Sales impacted by: Three months ended September 30 2023 2022 + Higher volume Net Sales $ 1,318.2 $ 1,037.9 + Improved pricing % Change 27.0% 22.7% + Inclusion of Hinowa sales Adjusted operating income* $ 231.8 $ 123.5  Adjusted operating income* %

  11. Slide 11: Appendix: Defense

    Appendix: Defense Q3 comments Dollars in millions  Sales impacted by: Three months ended September 30 2023 2022 - Lower JLTV volume Net Sales $ 500.1 $ 518.7 + Higher FMTV volume % Change (3.6)% (20.2)%  Adjusted operating income* Adjusted operating Income* $ 16.1 $ 4.6 impacted by: % Change 250.0

  12. Slide 12: Appendix: Vocational

    Q3 comments Appendix: Vocational  Sales impacted by: Dollars in millions + AeroTech acquisition Three months ended September 30 2023 2022 + Higher volume Net Sales $ 692.6 $ 511.7 + Higher prices % Change 35.4% (10.5)% - Sale of RDM business Adjusted operating income* $ 77.1 $ 35.6  Adjusted opera

  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): Three months ended September 30, 2023 2022 Access segment operating income (GAAP) $ 229.9 17.4% $ 1

  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): Three months ended September 30, 2023 2022 Earnings per share-diluted (GAAP) $ 2.79 $ 1.02 Amortization of purch

  15. Slide 15: 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): Fiscal 2023 Expectations Three months ended December 31 Earnings per share-diluted (GAAP) $ 1.95 Amortization of

  16. Slide 16: 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 margins): Fiscal 2023 Expectations Fiscal 2023 Expectations Access segment operating income m

  17. Slide 17: Commonly used acronyms

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

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