Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — H1 2019 Earnings Presentation
27 slides from Manitou Bf Sa's earnings presentation, Jul 30, 2019
Slide 1: 2019 Half-Year Earnings
2019 Half-Year Earnings Michel Denis - President and CEO Hervé Rochet - Chief Financial Officer 2019 Half year results I July 30 2019 Public 1
Slide 2: Disclaimer
Disclaimer This presentation includes only summary information and does not in any way purport to be comprehensive. None of the Company or any of its affiliates, directors, officers, advisors and employees accepts any obligation, liability, claim or remedy for any loss arising from any use of these
Slide 3: 2019 Half-Year review...
2019 Half-Year review... February Sima fair : focus on connected products March Manitou Group support for the NEOLINE sea transport project April Bauma fair : ATJ 200 E aerial platform presentation, 1st label OXYGEN machine dedicated to alternative power May Stronger Together : Launch of constructio
Slide 4: Highlights: Historical performance and lower outlook
Highlights ■ H1 19 revenues of €1.163m, +24% vs. H1 18, +22% like for like* ■ Q2 order intake on equipment of €286m vs. €371m in Q2 18 ■ End of Q2 19 order book on equipment at €643m vs. €830m in Q2 18 ■ Recurring operating income at €90m (7.7%) vs. €63m (6.7%) in H1 18 ■ EBITDA** at €107m*** (9.2%)
Slide 5: H1 2019 Activity
1 H1 2019 Activity Résultats S1 2019 I 30 juillet 2019 Public 5
Slide 6: H1 Revenue Matrix
H1 19 Revenue Matrix MHA : Material Handling & Access Faster-growing boxes (vs.avg) shown in green CEP : Compact Equipment Products S&S : Services & Solutions 2019 Half year results I July 30 2019 Public 6
Slide 7: Q2 Revenue Matrix
Q2 19 Revenue Matrix MHA : Material Handling & Access Faster-growing boxes (vs.avg) shown in green CEP : Compact Equipment Products S&S : Services & Solutions 2019 Half year results I July 30 2019 Public 7
Slide 8: Evolution vs. 2018
Evolution vs. 2018 2019 Half year results I July 30 2019 Public 8
Slide 9: Evolution vs. 2018
Evolution vs. 2018 * at constant exchange rates : definition in appendix 2019 Half year results I July 30 2019 Public 9
Slide 10: Order intake and order book on equipment
Order intake and order book on equipment 2019 Half year results I July 30 2019 Public 10
Slide 11: MHA review
MHA review ADVANTAGES Overall growth in activity Production level Business with rental companies in H1 A significant improvement in financial performance DRAWBACKS Withdrawal on certain markets General slowdown in order intake Lower production volumes expected in H2 Historical performance and slowdo
Slide 12: CEP review
CEP review ADVANTAGES Revenue growth Business with rental companies in H1 DRAWBACKS Decrease in order intake and order book Adjustment of production rates USD pressure on US exports Financial performance Growth in turnover, downturn outlook 2019 Half year results I July 30 2019 Public 12
Slide 13: S&S review
S&S review ADVANTAGES Revenue growth Development of services Deployment of connected tools Financial performance DRAWBACKS Base effect of services vs. parts Growth and performance 2019 Half year results I July 30 2019 Public 13
Slide 14: Financial results
2 Financial results 2019 Half year results I July 30 2019 Public 14
Slide 15: Income statement
Income statement 2019 Half year results I July 30 2019 Public 15
Slide 16: Income statement by division
Income statement by division 2019 Half year results I July 30 2019 Public 16
Slide 17: Current operating profit evolution vs. 2018
Current operating profit evolution vs. 2018 2019 Half year results I July 30 2019 Public 17
Slide 18: Balance sheet
Balance sheet 2019 Half year results I July 30 2019 Public 18
Slide 19: Cash-Flow
Cash-Flow 2019 Half year results I July 30 2019 Public 19
Slide 20: Investments
Investments 2019 Half year results I July 30 2019 Public 20
Slide 21: Net debt
Net debt 2019 Half year results I July 30 2019 Public 21
Slide 22: Outlook
3 Outlook 2019 Half year results I July 30 2019 Public 22
Slide 23: Outlook 2019
Outlook 2019 ■ Sales trend : Anticipation of 2019 revenue growth of around 10% compared to 2018 ■ Profitability : Expected improvement in recurring operating income of around 40 basis points, or around 7.3% of revenue 2019 Half year results I July 30 2019 Public 23
Slide 24: Appendix
Appendix FR-ACT process I Consolidation I February 2019 Restricted 24
Slide 25: IFRS 16 application impacts
2019 published IFRS 16 Impact 2019 figures IFRS 16 application figures including excluding IFRS 16 in millions of € IFRS 16 impacts Income Statement Operating 89,1 - 0,5 88,6 IFRS 16, applied from January 1, 2019, is the new Income standard for lease accounting. Of which EBITDA 110,4 - 3,3 107,1 The
Slide 26: Appendix - Definition
Appendix - Definition On a comparable basis at constant exchange rates: ■ Application of the exchange rates of the previous year on the aggregates of the current year Gearing ■ Ratio of net debt divided by the amount of shareholders' equity. Leverage ■ Ratio determined by dividing the amount of net
Slide 27: Thank you for your attention
Thank you for your attention Résultats S1 2019 I 30 juillet 2019 Public 27