Terex Corporation · NYSE:TEX
Terex — Barclays Industrial Select Conference 2024
12 slides from Terex's conference presentation, Feb 22, 2024
Slide 1: Barclays Industrial Select Conference
Barclays Industrial Select Conference February 22, 2024 Simon Meester, President and CEO Julie Beck, CFO EXECUTE • INNOVATE • GROW
Slide 2: Forward Looking Statements
Forward Looking Statements Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995)
Slide 3: Strong Commitment to Zero Harm Culture and Terex Values
Strong Commitment to Zero Harm Culture and Terex Values TEREX WAY VALUES... SUPPORT A STRONG COMPANY CULTURE Integrity • Guide team members' actions with all stakeholders, so the Company Respect performs at the highest level Improvement Servant Leadership • Drive our unwavering focus on Zero Harm sa
Slide 4: 2023: Delivered on Our Strategy
2023: Delivered on Our Strategy EXECUTE INNOVATE GROW • MP operating margins of 16.1% • Introduced multiple new products • Backlog at $3.4B – strong bookings throughout the year • Increased AWP margins 480 bps to • Environmental and Aggregate 12.7% • Increased electrified product recycling sales inc
Slide 5: Significantly Improved Results
Significantly Improved Results Sales ($B) and Operating Margin Earnings Per Share ROIC (%) $7,000 $6,000 12.4% $5,000 $2.6 $4,000 5.4% $7.56 28.5% $3,000 $5.2 $2,000 $3.9 $1,000 $1.30 6.6% $- 2015 2023 2015 2023 2015 2023 Ongoing Divested Significantly improved profitability More than quadrupled ret
Slide 6: … By Transforming the Company
… By Transforming the Company Divested capital intensive, Focused on areas with high Capitalized on operating low margin businesses growth potential, supported by system and process megatrends improvements Focus JANUARY 2017 2020 Sold Material Handling Accelerated operational Port Solutions excellen
Slide 7: Leading Positions in Attractive Markets: $34B TAM
Leading Positions in Attractive Markets: $34B TAM Materials Processing Aerial Work Platforms Material Aggregates Environmental Concrete Handling Lifting Genie Utilities Addressable Equipment Market $7B $3B $1.5B $1.1B $3.4B $14B $1.6B #1 #2 or 3 #1 or 2 #3 Top 3 #1 or 2 #2 Position in tracked mobile
Slide 8: MP Operating Performance
MP Operating Performance Track Record of Growth and Improvement 16.1% 15.3% Since 2016… 14.2% 14.2% 13.2% 11.2% 11.4% Double Digits 9.4% Sales CAGR $2.2 $1.3 $1.6 $1.6 $1.3 $1.7 $1.9 18% $1.2 OP CAGR 2016 2017 2018 2019 2020 2021 2022 2023 ~60% Sales ($B) OP (%) Of Total OP in 2019-23 Strong Perform
Slide 9: Robust Company Strategic Framework
Robust Company Strategic Framework Execute ✓ Safety ✓ Commercial & Operational Excellence ✓ Team: DE&I, Talent Development, Retention ✓ Scalable Company Operating System Innovate ✓ Product Development ✓ Lifecycle Solutions Development ✓ Electrification ✓ Digitization Grow ✓ Superior Customer Lifecyc
Slide 10: Ahead of Our Investor Day Targets
Ahead of Our Investor Day Targets Terex Sales Target ($B), Organic Terex OP Margin Target, Organic ~$6.0+ 13.0% - 12.4% 14.0% $5.2 9.5% $4.4 2022 2023 2027 2022 2023 2027 Organic Growth to ~$6.0B+ at 13-14% OP Margin 10
Slide 11: ~80% of Addressable Market Aligned with Stimulus
~80% of Addressable Market Aligned with Stimulus 11
Slide 12: Positioned to Deliver Long-Term Value
Positioned to Deliver Long-Term Value Portfolio of market-leading businesses positioned to profitably grow and benefit from megatrends Operating system driving profitability through cycles and high ROIC Strong balance sheet and cash flow support future growth and return of capital to shareholders Te