Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q2 2017 Earnings Presentation
9 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Aug 8, 2017
Slide 1: Q2 2017 Earnings Conference Call
Q2 2017 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer August 8, 2017 Dave Antoniuk – SVP & Chief Financial Officer Ion Warner – VP 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, a
Slide 3: Q2 2017 Summary
Q2 2017 Summary • Orders up 9% Y/Y Financial • Backlog up 25% Y/Y Summary • Adjusted EBITDA of $25M flat Y/Y on $63M less revenue • Improved CFOA Y/Y with $10M on ABL at quarter end • Continued order momentum with new product intros • Strong cost containment actions bearing fruit Business • Stable (
Slide 4: Financial & Other Key Metrics ($ millions)
Financial & Other Key Metrics ($ millions) Q2 2017 Q2 2016 (3) Y/Y ∆ Q1 2017 Q/Q ∆ Orders $ 379.5 $ 348.9 8.8 % $ 488.3 (22.3)% Net Sales 394.6 457.7 (13.8)% 305.8 29.0 % SG&A Expense 60.4 73.4 (17.7)% 63.3 (4.6)% Operating income (loss) 9.9 3.9 152.2 % (23.7) 142.0 % Non-GAAP adjusted operating 15.
Slide 5: 2017 Full Year Guidance Update
2017 Full Year Guidance Update Prior Updated Revenue Down approx. 8 - 10% Y/Y Down approx. 5 - 7% Y/Y Adjusted EBITDA Approx. $41 to $59M Approx. $59 to $69M Depreciation Approx. $40 to $45M Approx. $40M Capital Approx. $30M Approx. $30M expenditures Income tax Approx. $7 to $10M Approx. $7 to $10M
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities • Crawler relocation complete, on time and under budget; Portugal relocation Margin Expansion on schedule • Continued cost management and actions to eliminate waste • Key account program producing results Growth • Military – new orders received ahead of plan • New Tr
Slide 7: Appendix - GAAP to Non-GAAP Reconciliation
Appendix - GAAP to Non-GAAP Reconciliation Non-GAAP Financial Measures Non-GAAP Items Non-GAAP adjusted net income (loss) from continuing operations and non-GAAP adjusted EBITDA are financial measures that are not in accordance with GAAP. Manitowoc believes these non-GAAP financial measures provide
Slide 8: Appendix - GAAP to Non-GAAP Reconciliation
Appendix - GAAP to Non-GAAP Reconciliation 8
Slide 9: Q@anitowoc
Q@anitowoc