Manitowoc Company, Inc. (the) · NYSE:MTW
Manitowoc Company, Inc. (the) — Q3 2016 Earnings Presentation
8 slides from Manitowoc Company, Inc. (the)'s earnings presentation, Nov 2, 2016
Slide 1: Q3 2016 Earnings Call
Q3 2016 Earnings Call November 2, 2016
Slide 2: Safe Harbor Statement
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, and are subject to uncertain
Slide 3: Q3 2016 Summary
Q3 2016 Summary • Mobile order rates consistent with second half of prior quarter • Continuing headwinds in Americas and Middle East end markets • Lower used crane values • Softening utilization rates • Slight recovery in residential/commercial in Western Europe Challenging Macro Economic Near-Term
Slide 4: Cost Reduction Actions
Cost Reduction Actions • Accelerate relocation of crawler plant • Reduce global manufacturing footprint • Consolidate plants in Portugal • Optimize cost structure • Align build schedule to order intake levels • Maintain liquidity • Reduce headcount 4
Slide 5: Financial & Other Key Metrics
Financial & Other Key Metrics Q3 2016 Q3 2015 YoY ∆ Q2 2016 QoQ ∆ Orders $ 309.9 $ 338.2 (8.4)% $ 348.9 (11.2)% Net sales $ 349.8 $ 438.2 (20.2)% $ 457.7 (23.6)% Operating (loss) income $ (133.5) $ (8.2) n/m $ 4.8 n/m Non-GAAP adjusted operating (loss) income $ (31.5) $ (7.7) n/m $ 14.8 n/m Net (los
Slide 6: Q4 2016 Guidance
Q4 2016 Guidance Q4 2016 Guidance Down approximately 25% to 30% Net sales year-over-year Margins on non-GAAP adj. Approximately (4)% to (6)% operating loss1 Depreciation Approximately $11 million Amortization of intangibles Approximately $1 million Capital expenditures Approximately $10 to $15 milli
Slide 7: Strategic Priorities
Strategic Priorities • Optimize global footprint and Margin Expansion capacity • Maintain and grow through Growth quality and market share gains • Accelerate new product Innovation development • Military opportunity Velocity • Implement The Manitowoc Way Actions to Target Double Digit Margins by 202
Slide 8: Q@anitowoc
Q@anitowoc