Toromont Industries Ltd. · TSX:TIH
Toromont Industries — Q2 2024 Earnings Presentation
11 slides from Toromont Industries's earnings presentation, Jul 31, 2024
Slide 1: Connecting Together: Q2 2024 Results
CONNECTING TOGETHER Q2 2024 Results Wednesday, July 31, 2024
Slide 2: Advisory
Advisory Information in this presentation that is not a historical fact is "forward-looking information". Words such as "plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "would", "will", "may" and similar expressions are intended to identi
Slide 3: Q2 Highlights
Q2 Highlights • Q2 results increased on a continuing operations basis, with revenue up 16% and net income up 2%. End markets remain fairly active and more normalized supply when compared to the market factors we experienced last year. • Reman Bradford facility commenced operations during the quarter
Slide 4: Financial Highlights
Financial Highlights • Working Capital – increase in investment levels in Q2 2024 YoY and from December 2023; the team continues to exercise discipline and focus on customer requirements, market conditions and activity levels • Inventories – Increases relate to delivery timing, price increases and f
Slide 5: Financial Summary
Financial Summary Financial Data in $ million, EPS in $ per share • Bookings 13% lower in Q2 (YTD +13%) versus Q2 2023 lower in both groups, reflective in part of a strong comparable last year (YTD, higher bookings: Equipment Group +11% and CIMCO +31%) • Backlog remains healthy at $1.3 billion – Equ
Slide 6: Equipment Group
Equipment Group Financial Data in $ million, EPS in $ per share • Bookings down 9% in Q2 (YTD up 11%) versus a tough comparable in 2023, which included several large mining and power systems orders • Backlog 7% lower YoY reflecting deliveries against customer orders from the opening backlog. • Reven
Slide 7: CIMCO
CIMCO Financial Data in $ million, EPS in $ per share • Bookings down 49% in Q2 (YTD +31%) ◦ Industrial market down 88% (YTD down 15%) activity weaker in both Canada & the US vs a strong comparator ◦ Recreational market +324% (YTD +166%) stronger in Canada & in the US • Backlog +40% reflecting good
Slide 8: Key Takeaways Leading into H2
Key Takeaways Leading into H2 • Our key focus areas: • Execute safely • Serve and support our customer requirements • Disciplined focus on building our business for the future (leverage operating model & managing risks) • Backlogs remain healthy and bookings for the first half have been solid • Tech
Slide 9: 2024 Schedule
2024 Schedule All dates and times are preliminary and subject to change Quarter Release Date Investor Call Time Investor Call Date After market close Eastern Q3 2024 November 4, 2024 November 5, 2024 8:00 AM Fiscal 2024 February 11, 2025 February 12, 2025 8:00 AM CONNECTING TOGETHER CONNECTER ENSEMB
Slide 10: Thank You
THANK YOU CONNECTING TOGETHER CONNECTONS ENSEMBLE 10
Slide 11: Connecting Together: Q2 2024 Results
CONNECTING TOGETHER Q2 2024 Results Wednesday, July 31, 2024