Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q3 2021 Earnings Presentation
12 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Nov 4, 2021
Slide 1: Third-Quarter 2021 Earnings Conference Call
Third-Quarter 2021 Earnings Conference Call Aaron Ravenscroft– President & Chief Executive Officer November 4, 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: Q3 2021 Summary
Q3 2021 Summary • Record low Recordable Injury Rate (RIR) of 1.46 • 1-Year injury-free at Boom Truck value stream • Finalized acquisitions of Aspen and H&E Cranes for $180M or ~6x EBITDA • Completed revitalization of Niella factory • Steady demand in North America • EU: AT market recovering, strong
Slide 4: Financial & Other Key Metrics
Financial & Other Key Metrics Q3 2021 Q3 2020 Y/Y ∆ Net sales $ 404.5 $ 355.6 13.7 % Engineering, selling & admin expenses 59.7 49.5 20.7 % Operating income 7.3 11.7 (37.8)% Adjusted operating income (1) 9.7 15.6 (38.0)% Net loss (0.2) (0.4) 43.1 % Adjusted net income (1) 2.2 3.5 37.1 % Adjusted EBI
Slide 5: Updated Full-Year 2021 Guidance
Updated Full-Year 2021 Guidance Revenue Approximately $1.725 to $1.775 billion Adjusted EBITDA Approximately $100 to $110 million Depreciation Approximately $40 to $45 million Interest expense Approximately $28 to $30 million Income tax expense Approximately $10 to $14 million, excluding discrete it
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities 1. Grow Tower Crane Rental & • Doubled rental fleet; high Aftermarket business in Europe utilization rates • Inroads with key accounts using new larger-capacity cranes • Flexible financing options 2. Build out China and Belt & Road • Launched 6th new crane model Towe
Slide 7: Appendix
Q@anitowoc Appendix
Slide 8: Appendix
Appendix ss son $900 $486 . $400 3 3 ss . 3 2018 Q4 2018 QI 2019 Q2 2019 Q3 2019 Q4 2019 Qi 2020 Q2 2020 Q3 2020 QA 2020 QI 2021 Q2 2021 03 2021 BEnding Backlog ——Orders $600 12.0% 10.6% $500 10.0% $400 8.0% $300 6.0% $200 4.0% $100 2.0% $ i i | i i t 1 1 t o.0% Q3 2018 Q4 2018 Qi 2019 Q2 2019 Q3 20
Slide 9: Appendix
Appendix (1) Q1 2019 and forward reflects termination of Manitowoc’s accounts receivable securitization program (2) See appendix for reconciliation of GAAP to non-GAAP measures 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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