Alamo Group, Inc. · NYSE:ALG
Alamo — Q1 2024 Earnings Presentation
14 slides from Alamo's earnings presentation, May 3, 2024
Slide 1: Investor Presentation: First Quarter 2024 Results Summary
INVESTOR PRESENTATION FIRST QUARTER 2024 RESULTS SUMMARY MAY 2024
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and related conference call contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and represent only the Company’s beliefs and expectations. Fo
Slide 3: Alamo Group at a Glance
ALAMO GROUP Publicly traded since 1993 AT A GLANCE (NYSE: ALG) Quarterly dividend paid Alamo Group, the parent company of over 40 global continuously since going public brands, operates through two divisions: Industrial Equipment and Vegetation Management. We specialize in manufacturing equipment th
Slide 4: Our Brand Solutions
Forestry, Tree Care, Recycling OUR BRAND Biomass Production Agricultural Land Maintenance SOLUTIONS Landscaping & Turf Maintenance Roadside Mowing, Hedge and Brush Control Metal Mill & Mine Maintenance Street and Parking Lot Sweeping Our customers count on us to provide high- and Leaf, Brush and Deb
Slide 5: Manufacturing Operations
MANUFACTURING OPERATIONS 17 Global Reach and Operational Scale With a portfolio of 40+ brands, the Group operates 29 manufacturing locations worldwide. This extensive network enables Alamo Group to deliver its equipment, parts, and services across six continents. The Group’s commitment to quality, G
Slide 6: Financial Highlights 1Q24
FINANCIAL HIGHLIGHTS 1Q24 3.4% from $425.6M 1Q23 Record net sales of $425.6 million increased 3.4% Net Sales compared to $411.8 million in 1Q2023 Operating income margin softened by 90 basis 0.9% from points, driven by less favorable mix on higher new equipment sales in Industrial Equipment and
Slide 7: Sales and Earnings Overview
SALES AND EARNINGS OVERVIEW Sales and Earnings (USD Millions) Sales by Division (USD Millions) $500 $50 $500 $400 $40 $400 $300 $30 $300 Earnings Sales $200 $20 $200 $100 $10 $100 $0 $0 $0 1Q22 1Q23 1Q24 1Q22 1Q23 1Q24 Net Sales Net Earnings Vegetation Industrial 7 Alamo Group Investor Presentation
Slide 8: Balance Sheet
BALANCE SHEET Quarter Ended March 31 (In USD Thousands) 2024 2023 2022 Current Assets 915,531 845,416 749,263 Total Assets 1,519,420 1,429,212 1,338,015 Current Liabilities 213,362 204,248 198,516 Working Capital 702,169 641,168 550,747 Total Debt 321,533 371,267 372,836 Total Debt Net of Cash 199,7
Slide 9: Income Statement
INCOME STATEMENT Quarter Ended March 31 (In USD Thousands) 2024 2023 2022 Revenue 425,586 411,771 362,005 Gross Margin 111,632 112,507 86,641 % of Revenue 26.2% 27.3% 23.9% Operating Expenses 64,653 63,483 57,522 Operating Income 46,979 49,024 29,119 % of Revenue 11.0% 11.9% 8.0% Depreciation - PP&E
Slide 10: Our Commitment Driving Shareholder Value
OUR COMMITMENT Targeted Long-Term DRIVING SHAREHOLDER VALUE Performance Metrics 5-10% Alamo Group is well positioned to capitalize on its strong order backlog and sustained demand across most of its served markets to maintain its historic track record of long-term growth and total shareholder return
Slide 11: Outlook 2024
Outlook 2024 Strong backlog and momentum in the Industrial Division indicates positive outlook for the balance of 2024 at least While backlog remains healthy in the Vegetation Division, uncertain interest rates environment and higher dealer inventory levels will likely prolong headwinds in 2024
Slide 12: Corporate Office
Corporate Office Additional details about Alamo Group’s financial news and reports can be located on our website 1627 East Walnut St. in the following documents: Seguin, Texas 78155 Info@alamo-group.com Earning Release can be found at alamo- (830) 379-1480 group.com > Investors > Financial News Rele
Slide 13: Appendix
Appendix 13 Alamo Group Investor Presentation
Slide 14: Reconciliations: EBITDA
Reconciliations EBITDA Quarter Ended March 31 (In USD Thousands) 2024 2023 2022 Operating Income 46,979 49,024 29,119 Depreciation - PP&E 6,580 5,521 5,236 Depreciation - Rental 2,355 2,105 1,890 Amortization 4,235 3,991 4,054 EBITDA (1) 60,149 60,641 40,299 (1) We define EBITDA as the total of Oper