Toromont Industries Ltd. · TSX:TIH
Toromont Industries — Q1 2024 Earnings Presentation
11 slides from Toromont Industries's earnings presentation, May 2, 2024
Slide 1: Connecting Together: Q1 2024 Results
CONNECTING TOGETHER Q1 2024 Results Thursday, May 2, 2024
Slide 2: Advisory
Advisory Information in this presentation that is not a historical fact is "forward-looking information". Words such as "plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "would", "will", "may" and similar expressions are intended to identi
Slide 3: Q1 Highlights
Q1 Highlights • Q1 results are lower against a stronger comparable period last year, not unexpected given the market factors experienced last year and the evolution toward more normalized supply and demand dynamics. Lower revenue, lower gross margins and higher expenses, were partially offset by the
Slide 4: Financial Highlights
Financial Highlights • Working Capital – increase in investment levels in Q1 2024 from December 2023; the team continues to exercise discipline and focus on customer requirements, market conditions, activity levels and evolving supply and demand dynamics • Inventories – Increases relate to delivery
Slide 5: Financial Summary
Financial Summary Financial Data in $ million, EPS in $ per share • Bookings up 62% in Q1 on good demand in both the Equipment Group and CIMCO • Backlog remains healthy at $1.4 billion – Equipment Group +15% and CIMCO +62% • Revenue down 3% in Q1 • Equipment sales -10% in Q1 • Product Support +4% in
Slide 6: Equipment Group
Equipment Group Financial Data in $ million, EPS in $ per share • Bookings up 51% in Q1, on good order intake predominantly in the construction and mining sectors • Backlog up 15% YoY, reflecting good order intake, some delays in customer deliveries, countered by improving equipment delivery from ma
Slide 7: CIMCO
CIMCO Financial Data in $ million, EPS in $ per share • Bookings up 156% in Q1 • Industrial market +194% activity stronger in both Canada (+152%) and the US (+275%) • Recreational market +119% stronger in Canada (+146%) & in the US (+88%) • Backlog up 62% reflecting good order intake in the industri
Slide 8: Key Takeaways Leading into Q2
Key Takeaways Leading into Q2 • Our key focus areas: • Execute safely • Serve and support our customer requirements • Disciplined focus on building our business for the future (leverage operating model & managing risks) • Reman Bradford development on track • Backlogs remain healthy and bookings in
Slide 9: 2024 Schedule
2024 Schedule All dates and times are preliminary and subject to change Quarter Release Date Investor Call Time Investor Call Date After market close Eastern Q2 2024 July 30, 2024 July 31, 2024 8:00 AM Q3 2024 November 4, 2024 November 5, 2024 8:00 AM Fiscal 2024 February 11, 2025 February 12, 2025
Slide 10: Thank You
THANK YOU CONNECTING TOGETHER CONNECTONS ENSEMBLE 10
Slide 11: Connecting Together: Q1 2024 Results
CONNECTING TOGETHER Q1 2024 Results Thursday, May 2, 2024