Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — The Manitowoc Company — Q3 2017 Earnings Presentation
8 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Nov 7, 2017
Slide 1: Q3 2017 Earnings Conference Call
Q3 2017 Earnings Conference Call Barry Pennypacker – President & Chief Executive Officer November 7, 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: Q3 2017 Summary
Q3 2017 Summary • Orders up 21% Y/Y Financial • Backlog up 32% Y/Y Summary • Excluding 2016 Q3 nonrecurring items, Adjusted EBITDA up 138% Y/Y • Improved CFOA Y/Y with $10M on ABL at quarter end • Slight improvement in U.S. energy and commercial construction markets Business • Stable demand in core
Slide 4: Financial & Other Key Metrics
Financial & Other Key Metrics Q3 2017 Q3 2016 (3) Y/Y ∆ Q2 2017 Q/Q ∆ Orders $ 376.1 $ 309.9 21.4 % $ 379.5 (0.9)% Net Sales 399.4 349.8 14.2 % 394.6 1.2 % SG&A Expense 60.9 73.0 (16.5)% 60.4 0.8 % Operating income (loss) 7.9 (134.2) 105.9 % 9.9 (20.4)% Non-GAAP adjusted operating 11.6 (32.2) 136.1
Slide 5: 2017 Guidance - Unchanged
2017 Guidance - Unchanged 2017 Guidance Down approximately 5-7% year- Revenue over-year Adjusted EBITDA Approximately $59 to $69 million Depreciation Approximately $40 million Capital expenditures Approximately $30 million Income tax expense- Approximately $7 to $10 million excluding discrete items
Slide 6: Progress on Strategic Priorities
Progress on Strategic Priorities • Crawler production operational Margin Expansion • Expand scope of Portugal relocation • Focus on cost management and expense control • Military – final testing underway for year end completion Growth • Channel excellence – Potain brand • Key Account management • Hi
Slide 7: Appendix - Adjusted EBITDA Reconciliation
Appendix- Adjusted EBITDA Reconciliation 7
Slide 8: Q@anitowoc
Q@anitowoc
The Manitowoc Company — Q3 2017 Earnings Presentation on 6ix