Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q4 2020 Earnings Presentation
12 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Feb 10, 2021
Slide 1: Fourth-Quarter 2020 Earnings Conference Call
Fourth-Quarter 2020 Earnings Conference Call Aaron Ravenscroft– President & Chief Executive Officer February 10, 2021 David Antoniuk – EVP & 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: 2020 Key Priorities
2020 Key Priorities Ensure the health and safety of our team Maintain the strength of our balance sheet Position the Company for long-term growth 3
Slide 4: Financial & Other Key Metrics
Financial & Other Key Metrics Q4 2020 Q4 2019 Y/Y ∆ FY 2020 FY 2019 Y/Y ∆ Orders $ 508.6 $ 472.0 7.8 % $ 1,511.4 $ 1,638.6 (7.8)% Net sales 430.3 463.4 (7.1)% 1,443.4 1,834.1 (21.3)% Engineering, selling & admin expenses 53.7 60.9 (11.8)% 208.8 225.6 (7.4)% Operating income 22.8 17.8 27.9 % 38.6 108
Slide 5: 2021 Outlook
2021 Outlook Cautious optimism due to: • Global economic recovery • Government stimulus packages • Recent order rates / backlog Potential headwinds due to: • Product mix • Inflationary pressure • Exchange rate fluctuations 5
Slide 6: Strategic Focus
Strategic Focus • Expand EU tower crane rental fleet • Scale-up Chinese tower crane business • Accelerate NPD in all-terrain cranes • Build on organic growth initiatives with acquisitions 6
Slide 7: Appendix
Q@anitowoc Appendix
Slide 8: Appendix
Appendix $620 4 2017 Q1 2018 Q2 2018 Q3 2018 4 2018 QI 2019 Q2 2019 Q3 2019 4 2019 1 2020 AQ? 2020 3 2020 A42020 (Ending Backlog Orders $300 $200 $100 Orders i 4 Q4 2017 Qi 2018 Q2 2018 Q3 2018 Qs 2018 Qi 2019 Qz 2019 Q3 2019 Q4 2019 Qi 2020 Q2 2020 Q3 2020 Qs 2020 revenue 10.6% Adj EBITDA % 12.0% 1
Slide 9: Appendix
Appendix (1) Q1 2019 and forward reflects termination of Manitowoc’s accounts receivable securitization program 9
Slide 10: Appendix- Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 10
Slide 11: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 11
Slide 12: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 12
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