Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q4 2024 Earnings Presentation
17 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Feb 13, 2025
Slide 1: Fourth-Quarter 2024 and Full-Year 2024 Earnings Conference Call
Fourth-Quarter 2024 and Full-Year 2024 Earnings Conference Call February 13, 2025
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 and
Slide 3: 2024 Highlights
2024 Highlights 2024 FY Highlights 13 Models $629.1M $2.178B Strong new Record Net Sales product launches non-new machine for growth sales $128.4M Adjusted EBITDA >460 Technicians Renegotiated debt Record field service Improved liquidity and tech headcount extended tenor $320.8M Total Liquidity CRAN
Slide 4: The Manitowoc Way: 2024 Continuous Improvement
The Manitowoc Way: 2024 Continuous Improvement SAFETY ENVIRONMENTAL KAIZEN Recordable Injury Rate* The Manitowoc Way 1.19 Lessons Learned Award Winner: 1.01 Porto Maintenance Team Scope 1 & 2 GHG Intensity Down 6% First Aid Incidents YOY 600 506 377 400 200 ~$100K in 0 Savings 2023 2024 *per 200k ho
Slide 5: Market Conditions
Market Conditions NORTH AMERICA EUROPE MIDDLE EAST ASIA PACIFIC - Improved customer sentiment - Positive indicators of potential - Strong market demand - China remains weak post US election market recovery for Tower Cranes - Key infrastructure projects - Political upheaval impacting - Dealer invento
Slide 6: Q4 2024 Financial & Other Key Metrics
Q4 2024 Financial & Other Key Metrics ($ in millions, ex per share amounts) -1% -13% +10% +22% +39% RESULTS IN LINE WITH EXPECTATIONS 6
Slide 7: 2024 Full-Year Financial & Other Key Metrics
2024 Full-Year Financial & Other Key Metrics ($ in millions, ex per share amounts) -1% -13% +10% +22% RECORD NON-NEW MACHINE SALES 7
Slide 8: 2024 Full-Year Other Key Financial Metrics
2024 Full-Year Other Key Financial Metrics ($ in millions) NWC $469 NWC $462 (21% of Sales) (21% of Sales) SIGNIFICANT INVENTORY REDUCTION IN Q4 2024 8
Slide 9: 2025 Full-Year Guidance
2025 Full-Year Guidance Net Sales $2.175 to $2.275 billion Adjusted EBITDA $120 to $145 million Depreciation and amortization $60 to $64 million Interest expense $38 to $40 million Provision for income tax expense $11 to $15 million, excluding one-time items Adjusted DEPS $0.15 to $0.85 Capital expe
Slide 10: CRANES+50 Progress: 2020 to 2024
CRANES+50 Progress: 2020 to 2024 Non-New Machine Sales Non-New Machine Sales ($ in millions) Gross Profit ($ in millions) $629.1 $207.5 $376.1 $126.3 2020 2024 2020 2024 Global Field Service Tech North America Service Population Locations 467 16 226 1 2020 2024 2020 2024 EXECUTING OUR CRANES+50 STRA
Slide 11: Appendix
Appendix
Slide 12: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation _____________________ Dollars in millions, excluding per share amounts Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release 12
Slide 13: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation _____________________ Dollars in millions, excluding per share amounts Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release 13
Slide 14: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation _____________________ Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release 14
Slide 15: Appendix – GAAP to Non-GAAP Reconciliation
Appendix – GAAP to Non-GAAP Reconciliation _____________________ Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release 15
Slide 16: Appendix – Adjusted ROIC Calculation
Appendix – Adjusted ROIC Calculation _____________________ Dollars in millions Note: See full reconciliation of GAAP and Non-GAAP financial measures contained in our fourth-quarter and full-year earnings release 16
Slide 17: Thank you for your interest
Thank you for your interest Additional information: Ion Warner – SVP Marketing & Investor Relations +1 414-760-4805 ion.warner@manitowoc.com www.manitowoc.com
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