Manitowoc Company, Inc. (the) · NYSE:MTW

Manitowoc Company, Inc. (the) — Q1 2018 Earnings Presentation

8 slides from Manitowoc Company, Inc. (the)'s earnings presentation, May 8, 2018

  1. Slide 1: First-quarter 2018 Earnings Conference Call

    First-quarter 2018 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer May 8, 2018 Dave Antoniuk – SVP & Chief Financial Officer Ion Warner – VP Marketing & Investor Relations

  2. 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, a

  3. Slide 3: First-quarter 2018 Summary

    First-quarter 2018 Summary • Orders up 10% Y/Y Financial • Net sales up 26% Y/Y Summary • 400 Bps in Y/Y Adj EBITDA margin improvement -- Fourth consecutive quarter of Y/Y improvement • Inflection point in crane market recovery • End market strengthening in Americas and Europe • Favorable customer r

  4. Slide 4: Financial & Other Key Metrics

    Financial & Other Key Metrics Q1 2018 Q1 2017 Y/Y ∆ Orders $ 536.0 $ 488.3 9.8 % Net Sales 386.1 305.8 26.2 % SG&A Expense 60.4 61.4 (1.7)% Operating income (loss) 1.7 (21.8) 108.0 % Non-GAAP adjusted operating 8.0 (9.5) 184.1 % (1) income (loss) Net income (loss) (10.0) (36.0) 72.2 % Non-GAAP adjus

  5. Slide 5: Updated 2018 Guidance

    Updated 2018 Guidance 2018 Guidance Revenue ¹ Approximately $1.775 to $1.850 billion Adjusted EBITDA ¹ Approximately $100 to $120 million Depreciation Approximately $39 million Restructuring expense ¹ Approximately $13 to $15 million Capital expenditures Approximately $25 to $30 million Income tax e

  6. Slide 6: Progress on Strategic Priorities

    Progress on Strategic Priorities • Intensifying low-cost sourcing strategy • Investments to improve productivity Margin Expansion • 12 projects to optimize manufacturing facilities • New warranty for GRT Rough-terrains Growth • Business Development focus – deliver Op excellence • New value-added fea

  7. Slide 7: Appendix- Adjusted EBITDA Reconciliation

    Appendix- Adjusted EBITDA Reconciliation Adjusted EBITDA and Non-GAAP Adjusted Operating Income (loss) The company defines adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, plus an addback of certain restructuring charges. The reconciliation of GAAP net income (loss)

  8. Slide 8: Appendix- Non-GAAP Financial Measures

    Appendix- Non-GAAP Financial Measures Non-GAAP Financial Measures Non-GAAP Items Non-GAAP adjusted net income (loss), non-GAAP adjusted EBITDA and non-GAAP adjusted operating cash flows are financial measures that are not in accordance with GAAP. Manitowoc believes these non-GAAP financial measures

Manitowoc Company — Q1 2018 Earnings Presentation on 6ix