Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q1 2020 Earnings Presentation
10 slides from Manitowoc Company, Inc. (the)'s earnings presentation, May 8, 2020
Slide 1: First-Quarter 2020 Earnings Conference Call
First-Quarter 2020 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer May 8, 2020 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, an
Slide 3: Business Response to COVID-19
Business Response to COVID-19 Ensure the safety Maintain operational Preserve our of our employees capabilities economic well-being • Comply with all • Modified work plans at • Manage working capital government regulations plants globally; staggered breaks and starts • Enacting cost control • Update
Slide 4: Q1 Summary
Q1 Summary Operations • U.S. operational throughout quarter; European and China plants reopened after temporary closures • Working closely with supply chain and customers to position business when current conditions improve Market Conditions • Pause in crane market due to COVID-19 and oil price shoc
Slide 5: Financial & Other Key Metrics
Financial & Other Key Metrics Q1 2020 Q1 2019 Y/Y ∆ Net sales $ 329.2 $ 418.0 (21.3)% Engineering, selling & admin expenses 55.9 59.4 (5.9)% Operating income 5.7 16.2 (65.1)% Adjusted operating income (1) 7.2 20.7 (65.0)% Net loss (7.8) (26.7) 70.9 % Adjusted net income (loss) (1) (6.3) 2.7 NmN Adju
Slide 6: Appendix
Q@anitowoc Appendix
Slide 7: Backlog
Backlog Appendix $620 $700 $600 $500 $400, $300 ° $200 $100 i i i 1 | 1 1 1 i I i 1 og qa gt @ 8 ft ot stata 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 Ending Backlog Orders $600 12.0% 10.6% $500 10.0% 8.0% $400 6.0% $300 4.0% $200 2.0% $100 0.0% $ 1 i i 1 H 1 1 1 1 1 I 2.
Slide 8: Appendix
Appendix (1) Q1 2019 and forward reflects termination of Manitowoc’s accounts receivable securitization program 8
Slide 9: Appendix - Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 9
Slide 10: Appendix - Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 10
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