Slide 1: Seventh quarter in a row with good results
• Orders received increased in Seventh quarter in a both businesses • Strong profitability and cash row with good results flow • Sales process of MacGregor progressing according to plan Cargotec’s interim report January–September 2024 • Outlook specified for Hiab and MacGregor ● Casimir Lindholm, CE
Slide 2: Disclaimer
Disclaimer The following applies to this presentation, the oral presentation of the information in this presentation by Cargotec Corporation (the “Company” or “Cargotec”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the
Slide 3: Contents
Contents ● Group level development ● Business areas ● Financials and outlook ● Q&A Unless otherwise stated, the financial information in this presentation concerns Cargotec’s continuing operations 3
Slide 4: Orders received increased in both businesses, partly driven by postponements from the second quarter
Orders received increased in both businesses, partly driven by postponements from the second quarter Orders received Order book MEUR MEUR +14% -11% (y/y) (y/y) +12% +6% (y/y) (y/y) +16% (y/y) -29% (y/y) Cargotec’s interim report January–September 2024 | 23 October 2024 4
Slide 5: Decrease in Hiab sales offset by increase in MacGregor
Decrease in Hiab sales offset by increase in MacGregor Sales Eco portfolio sales MEUR MEUR -1% (y/y) +13% (y/y) -8% (y/y) Cargotec’s interim report January–September 2024 | 23 October 2024 5
Slide 6: Comparable operating profit margin improved in both businesses
Comparable operating profit margin improved in both businesses Comparable operating profit MEUR Hiab MacGregor Cargotec Cargotec’s interim report January–September 2024 | 23 October 2024 6
Slide 7: Update regarding the separation process
Update regarding the separation process Kalmar separation fully complete, Hiab MacGregor sales process progressing standalone preparations continue according to plan ● Separation of Kalmar ● Due to developments in successfully completed within October, targeting signing of 16 months from a deal by y
Slide 8: Business areas
Business areas Cargotec’s interim report January–September 2024 | 23 October 2024 8
Slide 9: Strong profitability continued
Interim report Q3/2024 Built to perform Strong profitability • Stable demand since Q4/2022 continued • Cash conversion 160% in Q3 • Industry-shaping new Hiab Q3/24 products launched 9
Slide 10: Stable demand since Q4/2022
Interim report Q3/2024 Built to perform Stable demand since Q4/2022 Orders received and order book MEUR Q1-Q3/ Q1-Q3/ MEUR Q3/24 Q3/23 Change Change 24 23 Orders received 361 311 16% 1,095 1,065 3% Order book 636 900 -29% - Some key account orders were postponed from Q2 to Q3 - Underlying demand rem
Slide 11: Sales development is reflecting the order book level
Interim report Q3/2024 Built to perform Sales development is reflecting the order book level Sales and service sales MEUR Q1-Q3/ Q1-Q3/ MEUR Q3/24 Q3/23 Change Change 24 23 Sales 388 420 -8% 1,235 1,336 -8% Service sales 112 113 -1% 344 339 2% Service sales, % 29% 27% 200 bps 28% 25% 300 bps - Sales
Slide 12: Comparable operating profit margin improved despite lower sales
Interim report Q3/2024 Built to perform Comparable operating profit margin improved despite lower sales Comparable operating profit MEUR Q1-Q3/ Q1-Q3/ MEUR Q3/24 Q3/23 Change Change 24 23 Comparable operating profit 59 62 -4% 197 204 -4% Comparable operating profit, % 15.3% 14.7% 60 bps 15.9% 15.3% 60 b
Slide 13: We continued to shape the industries we serve
Interim report Q3/2024 Built to perform We continued to shape the industries we serve Highlights of product launches in Q3 eUltima hooklift iZ.18R HD Recycling crane iQ.708 HIPRO crane Talon Lead the charge in sustainable Enhance operator comfort and New era of lifting performance, Experience the fu
Slide 14: MacGregor Q3 – Performance and market continued to improve
MacGregor Q3 – Performance and market continued to improve Orders received increased ● Strong market momentum in MEUR Q3/24 Q3/23 Change merchant continued ● Clarkson estimates upgraded in Orders received 236 211 12% September Order book 1,055 993 6% Order book gives good visibility for Sales 203 17
Slide 15: Financials and outlook
Financials and outlook Cargotec’s interim report January–September 2024 | 23 October 2024 15
Slide 16: Key financial figures
Key financial figures Q3/24 Q3/23 Change Q1-Q3/24 Q1-Q3/23 Change Orders received, MEUR 597 522 14% 1,833 1,672 10% Order book, MEUR 1,691 1,894 -11% 1,691 1,894 -11% Sales, MEUR 590 598 -1% 1,833 1,835 0% Comparable operating profit, MEUR 70 61 14% 223 191 17% Comparable operating profit, % 11.8% 1
Slide 17: Strong cash flow driven by good profitability and reduction in net working capital
Strong cash flow driven by good profitability and reduction in net working capital Cash flow from operations before finance items and taxes MEUR All historical periods include cash flow from discontinued operations Cargotec’s interim report January–September 2024 | 23 October 2024 17
Slide 18: Cargotec has a net cash position
Cargotec has a net cash position Net debt & gearing Maturity profile, 30 September 2024 MEUR Interest-bearing net debt / EBITDA -0.1 Cargotec’s interim report January–September 2024 | 23 October 2024 18
Slide 19: Outlook for 2024 specified
Outlook for 2024 specified Cargotec estimates1: Hiab’s comparable operating profit margin in 2024 to be above 14.0% MacGregor’s comparable operating profit in 2024 to be above EUR 65 million 1) The business area 2024 profitability outlook is presented using the same principles which are applied in t
Slide 20: Cy CARGOTEC
Cy CARGOTEC