Terex Corporation · NYSE:TEX
Terex — J.P. Morgan Industrials Conference 2021
6 slides from Terex's conference presentation, Mar 15, 2021
Slide 1: J.P. Morgan Industrials Conference
J.P. Morgan Industrials Conference March 15, 2021 FOCUS • SIMPLIFY EXECUTE • EXECUTE • INNOVATE TO WIN • GROW 1
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 and the Private Securities Litigation Reform Act of 1995) regarding future even
Slide 3: Zero Harm Culture & Terex Way Values
Zero Harm Culture & Terex Way Values Safety is an absolute way of life Global team members are social whether you work for us, supply us, use distancing and following safety our equipment, or receive our services protocols to safely serve customers EXECUTE • INNOVATE • GROW 3
Slide 4: 2021 Strategic Operational Priorities
2021 Strategic Operational Priorities Operational Excellence • Continue strengthening company processes and execution discipline • Actively manage SG&A expense base to achieve full-year SG&A percent to sales of ~12.5% • Improve cost competitiveness while maintaining growth orientation Purposeful Inn
Slide 5: 2021 Disciplined Capital Allocation
2021 Disciplined Capital Allocation 1 Cash Flow: Full-year free cash flow of ~$100 million Capital Structure: Ample liquidity of greater than $1 billion at beginning 2 of the year. In Q1 2021, sold TFS On-Book Portfolio for proceeds of $100 million and initiated repayment of ~$200 million of Term Lo
Slide 6: Summary
Summary • Improving commercial demand environment • Efficiently managing production while safely meeting customer demand • Improved cost structure to enable achievement of targeted incremental margins and absolute margins • Continue to aggressively manage working capital to achieve strong free cash