Hyster-yale, Inc. · NYSE:HY
Hyster-yale — Hyster-Yale Materials Handling — Q2 2026 Earnings Presentation
37 slides from Hyster-yale's earnings presentation, Aug 5, 2026
Slide 1: Q2 2026 Investor Presentation
Q2 2026 INVESTOR PRESENTATION
Slide 2: Safe Harbor Statement & Disclosure
SAFE HARBOR STATEMENT & DISCLOSURE The statements contained in this presentation that are not historical facts are “forward-looking statements.” These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those pres
Slide 3: Q2 2026 Quarterly Overview
Q2 2026 QUARTERLY OVERVIEW
Slide 4: Q2 2026 Financial Performance
Q2 2026 FINANCIAL Revenue: $813M, 2% Higher QoQ PERFORMANCE • Improved bookings began to translate Sequential improvement as stronger bookings began to translate into into higher shipments higher shipments • Improved volumes and favorable pricing HY CONSOLIDATED Adjusted Operating Loss: $17M ($M) Q2
Slide 5: Key Takeaways – Q2 2026
KEY TAKEAWAYS – Q2 2026 Fourth consecutive quarter of bookings growth; sequential improvement in key financial metrics FINANCIAL BOOKING FINANCIAL RESULTS LIQUIDITY IMPROVEMENTS SUMMARY $813M $689M $680M Fourth consecutive REVENUE WORKING CAPITAL UNIT BOOKINGS VOLUME quarter of booking growth 2% imp
Slide 6: Quarterly Liquidity, Cash & Balance Sheet
QUARTERLY LIQUIDITY, Q2 2026 DEBT COMPOSITION ($M) CASH & BALANCE SHEET $20 $10 ABL $47 $96 Term Loan Working Capital Facilities Q2 2026 Overview Wholesale Financing • $73M of Cash on hand $114 $500 Leases Other • Working Capital improved $125M YoY $213 ‒ Inventory improved $149M Unused Borrowing ‒
Slide 7: 2026 Outlook: Key Drivers
2026 OUTLOOK: KEY DRIVERS Anticipated second half recovery with moderate full-year operating loss expected MARKET CONDITIONS & TARIFFS & COSTS FULL YEAR REVIEW DEMAND OUTLOOK • Q2 2026 bookings strengthened with • Tariff-related costs remain elevated • Moderate full-year operating loss fourth consec
Slide 8: Company Overview & Strategy
COMPANY OVERVIEW & STRATEGY
Slide 9: Strategic Priorities to Create Long-Term Value
STRATEGIC PRIORITIES TO CREATE LONG-TERM VALUE DRIVE GROWTH: Deploy high-potential, high- 1 return products and optimized parts and service support. REDUCE COSTS: Implement flexible product 2 lines, manufacturing processes and optimized manufacturing footprint. 3 DISCIPLINED INVESTMENTS: Prioritize
Slide 10: Global Commerce Driving Industry Growth
GLOBAL COMMERCE DRIVING INDUSTRY GROWTH Global Lift Truck Industry Size Including China* CAGR (2016 – 2025) = 8% Significantly above trend ’21-’22 An attractive market Units in driven by economic thousands Estimate*** * 2,462 activity. 2,341 2,380 2,400 2,183 2,088 2,160 2,100 1,800 1,638 1,538 1,50
Slide 11: Lift Trucks Are Integral to Our Lives
LIFT TRUCKS ARE INTEGRAL TO OUR LIVES Increased economic activity = Lift truck market growth From the shirt on your back to the walls around you, lift trucks are the unsung heroes behind it all—driving the global supply chain every step of the way. 11
Slide 12: Our Vision, Our Purpose
OUR VISION, OUR PURPOSE VISION LIFT TRUCK BUSINESS Transforming the way the world moves materials from Port to Home. ATTACHMENT BUSINESS 12
Slide 13: Our Mission, Our Customer Promises
OUR MISSION, OUR CUSTOMER PROMISES DELIVER OPTIMAL SOLUTIONS PROVIDE EXCELLENT CUSTOMER CARE To understand customers applications and needs To never let customers down and continually and provide optimal solutions and productivity at increase the value of our solution offerings. the lowest cost of o
Slide 14: 100+ Years of Innovation & Excellence
100+ YEARS OF INNOVATION & EXCELLENCE Full range of optimal solutions designed to increase customer value & productivity LIFT TRUCKS (Capacity Ranges: 2,000 – 105,000 lbs.) ELECTRIC INTERNAL COMBUSTION ENGINE (ICE) ICE & ELECTRIC COUNTERBALANCED WAREHOUSE COUNTERBALANCED COUNTERBALANCED CLASS 1 CLAS
Slide 15: Activating Growth Beyond Our Core
ACTIVATING GROWTH BEYOND OUR CORE Expanding margin potential with complimentary growth accelerators CORE BUSINESS GROWTH ACCELERATORS • 1-3.5T Counterbalanced Lift Trucks • Warehouse Solutions • 4-9T Counterbalanced Lift Trucks • Technology Solutions High Potential • Big Trucks (8-48T) • Energy Solu
Slide 16: Transformation Enhancing Competitiveness
TRANSFORMATION ENHANCING COMPETITIVENESS Actions that will translate into operational improvements and tangible value creation Customer-Focused Operational Cost End-to-End Digital Commercial Go-to- Product Evolution Structure Advantages Enablement Market Strategy Strengthen Support margin Enhances l
Slide 17: Customer Evolution & Market Shift
CUSTOMER EVOLUTION & MARKET SHIFT Demand shift creates opportunities for next-generation lift truck portfolio WHAT HAS CHANGED? HOW HY IS POSITIONED TO EXCEL • Customers buy only what they need • Anticipated market shift • Unnecessary options are being eliminated • Portfolio aligns with customer nee
Slide 18: Unlocking Efficiency & Profitable Growth
UNLOCKING EFFICIENCY & PROFITABLE GROWTH Accelerating Shipments of Flexible Lift Truck Portfolio Flexible lift truck platforms amplify operational performance and drive margin expansion 2-3.5T Counterbalanced Trucks(1) 20% • Common components and manufacturing process drive global efficiencies 15% •
Slide 19: Core Business Foundational to Success
CORE BUSINESS FOUNDATIONAL TO SUCCESS 1-3.5T Counterbalance Lift Trucks 4-9T Counterbalance Lift Trucks Big Trucks (8-48T) • Optimize costs to improve • Expand market reach and • Achieve global production of margins and price optimize manufacturing with flexible portfolio to improve competitiveness
Slide 20: Growth Potential Beyond GDP+
GROWTH POTENTIAL BEYOND GDP+ Evolving capabilities align with market growth elements HIGH POTENTIAL PRODUCTS Innovative technologies to 2 enhance safety, efficiency & productivity 1 CORE BUSINESS Counterbalanced lift truck product line CORE BUSINESS OPTIMIZED SUPPORT STRATEGY Programs and solutions
Slide 21: Growth Accelerators High Potential Products
GROWTH ACCELERATORS HIGH POTENTIAL PRODUCTS Warehouse Trucks Technology Solutions • Strengthen product portfolio and commercial • Unlock growth opportunities through automated lift execution to accelerate growth truck and operator assist solutions • Leverage flexible product platform methodology to
Slide 22: Growth Accelerators Optimized Support Services
GROWTH ACCELERATORS OPTIMIZED SUPPORT SERVICES Service Solutions Parts Solutions • Increase service penetration and margins • Capture aftermarket growth through scalable through disciplined commercial execution and parts portfolio for pre-owned equipment lifetime customer value • Strengthen customer
Slide 23: Long-Term Financial Objectives
LONG-TERM FINANCIAL OBJECTIVES
Slide 24: Our Path to Long-Term Value Creation
OUR PATH TO LONG-TERM VALUE CREATION Demand shift creates opportunities for next-generation lift truck portfolio PROFITABLE GROWTH → LONG-TERM FINANCIAL OBJECTIVES = FREE CASH FLOW GENERATION >20% ROTCE Revenue Growth Revenue GDP++ >$5B Operating Profit Adjusted Operating Profit & Margin 7% Sales $3
Slide 25: Accretive Capital Allocation Framework
ACCRETIVE CAPITAL ALLOCATION FRAMEWORK Generating consistent cash flows and making disciplined investments Efficient Fixed Cost Effective Working Capital Capital Utilization Management Productivity Strong Operating Cash Flow Maintenance CapEx Focus on Routine Debt Service ~Equal to Depreciation bala
Slide 26: A Solid Long-Term Investment Option
A SOLID LONG-TERM INVESTMENT OPTION Our investment thesis in three pillars STABILITY GROWTH LONG-TERM VALUE Core lift truck business tied Electrification, automation, Higher margins, stronger to global goods movement and solutions expand cash flow, disciplined capital addressable market allocation L
Slide 27: Appendix
APPENDIX
Slide 28: Reconciliations
RECONCILIATIONS Working capital percentage of sales, Return on total capital employed, Adjusted EBITDA, Adjusted operating profit (loss), Adjusted net income (loss), Net Debt and the ratio of Net Debt to Adjusted EBITDA are not measurements under U.S. GAAP, should not be considered in isolation or a
Slide 29: Reconciliations
RECONCILIATIONS ($M) Q2 2026 Q2 2025 Operating profit (loss) (18.4) (8.5) Restructuring and impairment charges 1.7 15.7 Adjusted operating profit ($16.7) $7.2 Net income (loss) (31.6) (13.9) Restructuring and impairment charges 1.7 15.7 Income tax expense adjustment(1) (0.4) (4.1) Adjusted net incom
Slide 30: Working Capital Percentage of Sales; Net Debt to Adjusted EBITDA
WORKING CAPITAL PERCENTAGE OF SALES CALCULATION 2022 2023 2024 2025 Q2 2026 LTM* Accounts receivable $523.6 $497.5 $488.4 $489.6 $484.8 Inventory 799.5 815.7 754.3 634.3 627.5 Accounts payable (607.4) (530.2) (455.5) (401.2) (423.4) Net Working Capital(1) $715.7 $783.0 $787.2 $722.7 $688.9 Consolida
Slide 31: Reconciliation of ROTCE
RECONCILIATION OF ROTCE ($M) 2022(1) 2023(1) 2024(1) 2025(1) Q2 2026 LTM(1) Average Stockholders' Equity $241.9 $288.9 $454.4 $507.6 $474.6 Average Debt $535.2 $532.2 $476.0 $472.0 $488.1 Average Cash ($66.8) ($69.3) ($75.9) ($87.0) ($83.1) Average capital employed 710.3 751.8 854.5 892.6 879.6 Net
Slide 32: Supplemental Information
SUPPLEMENTAL INFORMATION
Slide 33: Significant Opportunities for Hyster-Yale
SIGNIFICANT OPPORTUNITIES FOR HYSTER-YALE Achieve long-term targets, sustain performance, intensify cash flow focus REVENUE ADJUSTED OPERATING PROFIT MARGIN(1) ACHIEVE TARGETS 7% • Modular, scalable products 6,000 GDP++ 8% Target • Customer specific solutions 6% • Expand product portfolio 4,000 4% •
Slide 34: Disciplined Capital and R&D Expenditures
DISCIPLINED CAPITAL AND R&D EXPENDITURES CAPITAL EXPENDITURES R&D EXPENDITURES ($M) ($M) Range 160 4% 60 120 40 80 3% 20 40 Lift Truck 0 2022 2023 2024 2025 Low Est. High Est. Bolzoni 2026 2026 0 2% R&D % of Lift Truck IT Systems Bolzoni 2022 2023 2024 2025 Est. 2026 Revenues • 2025 capital expendit
Slide 35: Revenue Diversification
REVENUE DIVERSIFICATION Full-line global lift truck manufacturer serving a broad group of end markets 2025 LIFT TRUCK SALES 2025 RETAIL LIFT TRUCK 2025 LIFT TRUCK BY PRODUCT UNIT REVENUE BY END MARKET(2) DISTRIBUTION CHANNEL MIX 9% 42% 29% 23% 32% 68% Service, Rental ICE(1) Retail & Durable Food & M
Slide 36: Industry & HY Lift Truck Revenue
INDUSTRY & HY LIFT TRUCK REVENUE Hyster-Yale’s revenue weighted toward higher-value product classes HY Unit Revenue by Class HY Unit Revenue by Region ____________________ ______________________ Source: Company: Source: Company: FY 2025 FY 2025 Unit Revenues EMEA, Unit Revenue 5% 16% Note: Units sol
Slide 37: HY Dealer Data
HY DEALER DATA As of June 30, 2026 Hyster® Yale® Dual Brand Maximal* Total Dealers Owners Locations Owners Locations Owners Locations Owners Locations Owners Locations Americas 10 79 16 66 29 274 12 27 67 446 EMEA 50 117 36 69 22 35 14 40 122 261 JAPIC 43 93 8 25 5 33 7 17 63 168 Total 103 289 60 16
Hyster-Yale Materials Handling — Q2 2026 Earnings Presentation on 6ix