Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q1 2022 Earnings Presentation
11 slides from Manitowoc Company, Inc. (the)'s earnings presentation, May 4, 2022
Slide 1: First-Quarter 2022 Earnings Conference Call
First-Quarter 2022 Earnings Conference Call Aaron Ravenscroft– President & Chief Executive Officer May 4, 2022 Brian Regan – EVP & Chief Financial Officer Ion Warner – SVP 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: First-Quarter Summary
First-Quarter Summary Strong execution • Grew net sales despite parts shortages • Tight labor and logistical conditions continue • Healthy order and backlog • Inflation accelerated as a result of Russia’s invasion of Ukraine Growing momentum on CRANES+50 • Grew non-new machine sales ~20% YOY Drive s
Slide 4: Financial & Other Key Metrics ($ millions)
Financial & Other Key Metrics ($ millions) Q1 2022 Q1 2021 Y/Y ∆ Orders $ 481.5 $ 473.6 1.7 % Net sales 459.0 354.3 29.6 % Engineering, selling & admin expenses 66.5 57.7 15.3 % Operating income 17.6 10.7 64.5 % Adjusted operating income (1) 14.3 11.0 30.0 % Net income (loss) 3.1 (3.1) 200.0 % Adjus
Slide 5: Key Takeaways
Key Takeaways Expecting lower-end of guidance • 2nd half now expected to look more like 1st half • Margin compression as a result of inflation due to the Ukrainian crisis • Parts shortages remain a challenge Growing uncertainty in customer confidence • Inflationary pressures • Rising interest rates
Slide 6: Appendix
Q@anitowoc Appendix
Slide 7: Appendix
Appendix $1,200 $700 $615 $600 $1,000 $537 $541 $509 $474 $482 $472 $500 $800 $441 $390 $372 $353 $375 $400 Backlog Orders $600 $238 $300 $400 $200 $200 $100 $694 $561 $467 $475 $521 $430 $465 $543 $662 $736 $891 $1,011 $1,033 $- $- Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1
Slide 8: Appendix
Appendix Adjusted Diluted Earnings Per Share by Quarter (2) $1.00 $0.80 $0.60 $0.40 $0.20 $- $(0.20) $(0.40) $(0.60) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 Net Working Capital & % Sales (1) (3) $450 30% TTM Orders $400 $2,200 25% $350
Slide 9: Appendix- Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 9
Slide 10: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 10
Slide 11: Appendix- Non-GAAP Financial Measures
Appendix- Non-GAAP Financial Measures 11
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