Slide 1: Strong performance continued in core businesses
26 October 2022 • All-time high comparable operating profit Strong performance • Orders received increased in all businesses continued in core • Supply chain challenges businesses and market uncertainties are expected to continue Cargotec’s January–September 2022 interim report • Outlook for 2022 sp
Slide 2: Disclaimer
Disclaimer Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ mater
Slide 3: Contents
Contents ● Q3/22 highlights ● Market environment ● Group level development ● Business areas ● Financials and outlook 3
Slide 4: Highlights of Q3/22 – All-time high comparable operating profit
Highlights of Q3/22 – All-time high comparable operating profit Orders received increased by 16% ● Strong orders in all businesses ● MacGregor orders +50% Sales increased by 27% ● Driven by core businesses ● Service sales increased by 22% ● Eco portfolio sales doubled to 27% of total sales Comparabl
Slide 5: Slight decline in equipment running hours from high first half level
Slight decline in equipment running hours from high first half level -8% -4% -2% -6% -3% -3% +2% -1% Kalmar Mobile Equipment: +1% Change in machine activity – Q3/22 vs. Q2/22 -1% Hiab loader cranes: Actual vs. estimated operating time, Q3/2022 Cargotec’s January–September 2022 interim report | 26 Oc
Slide 6: Market environment - slower growth, economic uncertainty increasing
Market environment - slower growth, economic uncertainty increasing Global container throughput1 – Construction output2 – Long term contracting – Key driver for Kalmar Key driver for Hiab Key driver for MacGregor United States Europe Merchant ships3 Offshore mobile units4 Historical average5 Histori
Slide 7: Orders received increased in all businesses
Orders received increased in all businesses Orders received MEUR +50% (y/y) +7% (y/y) -xx% (y/y) +12% +xx% (y/y) Cargotec’s January–September 2022 interim report | 26 October 2022 7
Slide 8: Order book at all-time high level
Order book at all-time high level Order book Order book by reporting MEUR segment, 30 September 2022 42% 23% 35% Cargotec’s January–September 2022 interim report | 26 October 2022 8
Slide 9: Record high sales and comparable operating profit
Record high sales and comparable operating profit Sales Comparable operating profit MEUR MEUR x *) Including Corporate admin and support Cargotec’s January–September 2022 interim report | 26 October 2022 9
Slide 10: Another record quarter for service business
Another record quarter for service business Service orders received +20% Service sales +22% ● Kalmar +24% ● Hiab +21% ● MacGregor +21% Service share 31% of total sales Cargotec’s January–September 2022 interim report | 26 October 2022 10
Slide 11: Our vision is to become the global leader in sustainable cargo flow
Our vision is to become the global leader in sustainable cargo flow PURPOSE SMARTER CARGO FLOW FOR A BETTER EVERYDAY VISION Global Leader in Sustainable Cargo Flow BREAKTHROUGH Sustainability Profitable Growth OBJECTIVES CONCRETE TARGET Reduce 1 million tonnes of CO2 equivalent by 2024 WHERE TO WIN
Slide 12: We have progressed with planned strategic actions announced in March
We have progressed with planned strategic actions announced in March Strategic evaluation of MacGregor business On going Final phase of asset Plan to exit heavy cranes business in Kalmar transfers Review of operational model to support refocused group ✔ Capital allocation priorities: Continuing R&D
Slide 13: Business areas' independence will increase as a result of the review of operational model
Business areas’ independence will increase as a result of the review of operational model ~100 persons to be transferred to the business areas Successfully developed digitalisation capabilities to BAs Sourcing activities entirely to business areas Sustainability to technology function and business a
Slide 14: Market leading technology and services driving growth
Market leading technology and services driving growth Grow in core and Solve customer Invest in industry Expand lifecycle adjacent businesses & challenges in climate innovation and services markets change and transformation sustainability Hiab launches RAIL series +500 Kalmar hybrid World’s first ho
Slide 15: Business areas
Business areas 15
Slide 16: Kalmar Q3 – Excellent quarter
Kalmar Q3 – Excellent quarter Demand continued at a high level MEUR Q3/22 Q3/21 Change ● Robust mobile equipment Orders received 470 421 12% demand Order book 1,569 1,226 28% Sales 526 377 40% Sales increased by 40% Service sales, % 27% 30% -300 bps ● Service sales +24% Comparable ● Supply chain cha
Slide 17: Hiab Q3 – Strong quarter despite typical seasonal weakness
Hiab Q3 – Strong quarter despite typical seasonal weakness Strong demand continued MEUR Q3/22 Q3/21 Change Orders received 425 396 7% Sales increased by 23% Order book 1,301 922 41% ● Service sales +21% Sales 378 309 23% ● Growth in equipment deliveries, Service sales, % 28% 28% 0 bps supply chain a
Slide 18: MacGregor Q3 – Surge in orders received and order book
MacGregor Q3 – Surge in orders received and order book Orders received surged ● Driven by increase in merchant MEUR Q3/22 Q3/21 Change vessels Orders received 252 168 50% Order book 861 549 57% Sales stable Sales 137 137 0% ● Service sales +21% Service sales, % 55% 46% 900 bps ● Increase in merchant
Slide 19: Financials and outlook
Financials and outlook 19
Slide 20: Financial highlights
Financial highlights 3,732 31% -43 Q1-Q3/22 MEUR MEUR comparable Items affecting Record order operating profit increase from Q1- comparability in book Q3/21 Q3 696 10.6% MEUR Core businesses* Eco portfolio sales comparable in Q1-Q3/22 operating profit margin in Q3 *Core businesses = Hiab + Kalmar ex
Slide 21: Advance payments and reduction in account receivable supported our operative cash flow
Advance payments and reduction in account receivable supported our operative cash flow Cash flow from operations before financing items and taxes MEUR Cargotec’s January–September 2022 interim report | 26 October 2022 21
Slide 22: Gearing improvement driven by good cash flow
Gearing improvement driven by good cash flow Net debt & gearing Maturity profile, 30 September 2022 MEUR Cargotec’s January–September 2022 interim report | 26 October 2022 22
Slide 23: Outlook for 2022 specified
Outlook for 2022 specified Cargotec estimates its 2022 comparable operating profit to improve EUR 88–118 million compared to 2021 (from EUR 232 million to EUR 320– 350 million) Cargotec’s January-September 2022 interim report | 26 October 2022 23
Slide 24: Capital Markets Day 2022
CAPITAL MARKETS DAY 2022 Sign-up for virtual event open: www.cargotec.com/cmd22 24
Slide 25: Cargotec
Cy CARGOTEC
Slide 26: Appendix
‘0% inl Appendix (ACARGOTEC
Slide 27: Key figures – Comparison period included significant gain from disposal of Navis software business
Key figures – Comparison period included significant gain from disposal of Navis software business Q3/22 Q3/21 Change Q1-Q3/22 Q1-Q3/21 Change Orders received, MEUR 1,147 985 16% 3,672 3,377 9% Order book, MEUR 3,732 2,696 38% 3,732 2,696 38% Sales, MEUR 1,041 822 27% 2,850 2,405 19% Comparable oper