Slide 1: 2024 Half-Year Results
2024 Half-Year Results Michel Denis, President and CEO Hervé Rochet - Chief Transformation & Governance Officer
Slide 2: Disclaimer
2 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 pr
Slide 3: Manitou BF's 40th anniversary of public listing
3 Manitou BF’s 40th anniversary of public listing Manitou Group celebrated on April 24th the 40 years since the company went public by ringing the opening bell on the stock market. The IPO enabled the group to strengthen its financial structure while looking to the long term. Today, we are maintainin
Slide 4: Group's life - Evolution of the Executive committee
4 Group’s life - Evolution of the Executive committee » Evolution of the group’s governance as from January 29, 2024 » Hervé Rochet now assumes the role of Chief Transformation & Governance Officer, to accelerate the transformation and ensure the group’s sustainability and development. » Céline Brard
Slide 5: Group's life
5 Group’s life » Signing of an additional €160m credit facility » Strengthening of the group’s liquidity » Supporting growth 2024 Half-year results - July 30, 2024
Slide 6: Highlights - Acquisitions
6 Highlights - Acquisitions » Finalization of the acquisition of a majority stake in the Italian companies COME and Metal Work » COME, specialized in the manufacturing of mechanical welded parts » Metal Work, expert in bending and laser cutting » Acquisition in January 2024 » Signature of an agreeme
Slide 7: Highlights - Products & Innovation
7 Highlights - Products & Innovation » Launch of a new scissors lift range dedicated to the European market » 3 new models of 8 m, 10 m and 12 m working height » Entry into the most voluminous aerial work platform market » Enabling the group to become a full-liner in the aerial work platform market
Slide 8: Highlights - CSR
8 Highlights - CSR » Preview of the first “retrofit” telehandler - Diesel telehandler remotorised in electric version » Partnership with Kiloutou, Europe’s third largest equipment rental company » A transitional solution that is both sustainable and circular, with a 40% reduction in greenhouse gas emi
Slide 9: Highlights - CSR
9 Highlights - CSR » Manitou Group joins the Community of Sustainable Equipment Players (Communauté des acteurs du matériel durable - CAMD) » In order to successfully transform the construction equipment sector into a sustainable one, Manitou Group has joined 9 other volunteer companies in the secto
Slide 10: H1 2024 Activity
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Slide 11: Highlights
11 Highlights » H1 24 Net sales of €m 1,407, +0.4% vs. H1 23, -0.1% like for like(1) » Q2 24 revenues of €m 721, -2% vs. Q2 23 » Q2 24 order intake on equipment of €m 86 vs. €m 287 in Q2 23 » End of Q2 24 order book(2) on equipment at €m 1 344 vs. €m 3,061 in Q2 23 » Recurring operating income at €m
Slide 12: Q2 2024 Revenue
12 Q2 2024 Revenue S&S: Services and Solutions Faster-growing boxes (vs.avg) shown in green 2024 Half-year results - July 30, 2024
Slide 13: Evolution Q2 2024 vs Q2 2023
13 Evolution Q2 2024 vs Q2 2023 2024 Half-year results - July 30, 2024
Slide 14: H1 2024 Revenue
14 H1 2024 Revenue S&S: Services and Solutions Faster-growing boxes (vs.avg) shown in green 2024 Half-year results - July 30, 2024
Slide 15: Evolution 6 months 2024 vs 6 months 2023
15 Evolution 6 months 2024 vs 6 months 2023 2024 Half-year results - July 30, 2024
Slide 16: Evolution vs 2023
16 Evolution vs 2023 * at constant scope and exchange rates: definition in appendix 2024 Half-year results - July 30, 2024
Slide 17: Order intake and order book on equipment (€m)
17 Order intake and order book on equipment (€m) The order book represents around 7 months of activity 2024 Half-year results - July 30, 2024
Slide 18: Product Division
18 Product Division Advantages - Financial performance - Strong European market - Inflation continuing to decline Drawbacks - Competitive pressure - Order intakes - Depth of the order book - Performance in North America - First / second half year dynamic Historic profitability for the division in a co
Slide 19: S&S Division
19 S&S Division Advantages - Activity resilience - Strengthening resources Drawbacks - Financial performance - Impact of costs shared with the Product division Continued structuring of the division 2024 Half-year results - July 30, 2024
Slide 20: Financial results
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Slide 21: Income statement
Income statement 2024 Half-year results - July 30, 2024
Slide 22: Income statement by division
Income statement by division 2024 Half-year results - July 30, 2024
Slide 23: Recurring operating profit evolution vs. N-1
Recurring operating profit evolution vs. N-1 2024 Half-year results - July 30, 2024
Slide 24: Balance sheet
Balance sheet 2024 Half-year results - July 30, 2024
Slide 25: Cash-flow
Cash-flow 2024 Half-year results - July 30, 2024
Slide 26: Investments
26 Investments 62,6 48,4 2024 Half-year results - July 30, 2024
Slide 27: Net debt
Net debt EBITDA: Earnings before interest, taxes, depreciation, and amortization, on rolling 12-month 2024 Half-year results - July 30, 2024 Net debt includes €39m from the acquisition of COME and Metal Work.
Slide 28: Outlook 2024
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Slide 29: Outlook
Outlook Confirmation of expectations of stable revenue in 2024 compared with 2023 and a recurring operating profit for 2024 above 6.5% of revenues 2024 Half-year results - July 30, 2024
Slide 30: Appendix - Definitions
30 Appendix - Definitions Like for like, so at constant scope and exchange rates : » Scope : - for the company GI.ERRE acquired in March 2023, restatement from January 1 of the current year to the anniversary date of its acquisition, - for the companies acquired in 2024 (COME S.R.L and Metal Work S.R
Slide 31: Thank you
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