Alamo Group, Inc. · NYSE:ALG
Alamo — Q1 2025 Earnings Presentation
17 slides from Alamo's earnings presentation, May 9, 2025
Slide 1: Investor Presentation Q1 2025
INVESTOR PRESENTATION ALAMO GROUP INC. NYSE: ALG Q1 2025
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and related conference call contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and represent only the Company’s beliefs and expectations. Fo
Slide 3: Alamo Group
Alamo Group Alamo Group Inc. is a global leader in the design, manufacture, and distribution of infrastructure maintenance, vegetation management, and industrial equipment. With a portfolio of more than 40 brands and 27 manufacturing facilities across six countries, Alamo Group serves governmental a
Slide 4: Global Presence
Global Presence Manufacturing Locations: 27 plants across the United States, Canada, Europe, and Brazil Europe North America South America Global Reach: United Kingdom United States Brazil Products sold in over • 3 Manufacturing Locations • 15 Manufacturing Locations • 1 Manufacturing Location 100 c
Slide 5: Our Operation
Our Operation We operate globally through Vegetation Management and Vegetation Management Industrial Equipment Industrial Equipment Divisions. Solutions Solutions • Forestry and Tree Care • Road and Highway Safety We sell and service a wide variety of mobile and semi-mobile equipment • Roadside Mowi
Slide 6: Our Solutions
• Forestry, Tree Care, Recycling • Biomass Production Our Solutions • Agricultural Land Maintenance • Landscaping and Turf Maintenance • Roadside Mowing, Hedge and Brush Control We provide our customers high-quality, • Metal Mill and Mine Maintenance high-performance equipment to maintain • Street a
Slide 7: Sustainable Product Development
Sustainable Product Development Rivard Mistral Access The Schwarze EM6 Gradall EL 4100 All Timberwolf TW 280hb Dixie Chopper Electric Electric Sewer Cleaning Avalanche All-Electric Electric Excavator Hybrid Electric Zero-Turn Mower Truck Sweeper Woodchipper We Are Helping To Create A Greener Future
Slide 8: Shareholder Value
Shareholder Alamo Group is well positioned to capitalize on its order backlog and sustained demand across most of its served markets to Value maintain its track record of long-term growth and total shareholder returns. Targeted Long-Term 200.00 Performance Metrics 150.00 5-10% Comparison of 5 Year R
Slide 9: Financial Highlights 1Q 2025
Financial Highlights 1Q 2025 8% vs. $391.0M Net sales were $391.0 million, 8.1% decrease 1Q 2024 compared to first quarter 2024 • Industrial Equipment Division net sales grew 12.5% • Vegetation Management Division net sales declined 26.8% Net Sales Operating Income margin of 11.4% expanded by 40 bas
Slide 10: Outlook 2025
Outlook 2025 • Cautious optimism in the strength of governmental markets, modestly tempered by the uncertain future We remain direction of Federal fiscal policy and global trade committed to the • An improvement in the agricultural equipment market expected late 2025 while the forestry and tree care
Slide 11: Leadership
Leadership President & CEO Board of Directors Independent Chair of the Board Jeff Leonard Richard Parod Executive VP & Chief Financial Officer Chair of Compensation Committee Robert Bauer Agnes Kamps Chair of Nominating / Governance Committee Executive VP - Corporate Development & Investor Relations
Slide 12: Corporate Office
Corporate Office Additional details about Alamo Group’s financial news and reports can be located on our website 1627 East Walnut St. in the following documents: Seguin, Texas 78155 Info@alamo-group.com Earning Release can be found at alamo- (830) 379-1480 group.com > Investors > Financial News Rele
Slide 13: Appendix
Appendix
Slide 14: Sales and Earnings Overview
Sales and Earnings Overview Sales and Earnings Sales by Division (USD Millions) (USD Millions) $500 $50 $500 $400 $40 $400 Earnings Sales $300 $30 $300 $200 $20 $200 $100 $10 $100 $0 $0 $0 1Q 2023 1Q 2024 1Q 2025 1Q 2023 1Q 2024 1Q 2025 Net Sales Net Earnings Vegetation Industrial 14 Alamo Group Inv
Slide 15: Income Statement
Income Statement Quarter Ended March 31 (in USD Thousands) 2025 2024 2023 Revenue 390,950 425,586 411,771 Gross Margin 102,841 111,632 112,507 % of Revenue 26.3% 26.2% 27.3% Operating Expenses 58,379 64,653 63,483 Operating Income 44,462 46,979 49,024 % of Revenue 11.4% 11.0% 11.9% Depreciation - PP
Slide 16: Balance Sheet
Balance Sheet Quarter Ended March 31 (in USD Thousands) 2025 2024 2023 Current Assets 911,234 915,531 845,416 Total Assets 1,504,694 1,519,420 1,429,212 Current Liabilities 211,717 213,362 204,248 Working Capital 699,517 702,169 641,168 Total Debt 216,798 321,533 371,267 Total Debt Net of Cash 16,52
Slide 17: Reconciliation
Reconciliation EBITDA Quarter Ended March 31 (in USD Thousands) 2025 2024 2023 Net Income 31,800 32,120 33,349 Interest, net 1,956 5,290 5,557 Provision for income taxes 10,043 9,667 11,120 Depreciation 9,445 8,935 7,626 Amortization 4,049 4,059 3,815 (1) EBITDA 57,293 60,071 61,467 (1) EBITDA is a