Slide 1: Disclaimer
Disclaimer This presentation provides estimates on future prospects involving risk and uncertainty factors, and other factors as a result of which the performance, operation or achievements of Cargotec may substantially deviate from the estimates. Forward-looking statements relating to future prospe
Slide 2: Record-high orders
28 July 2021 • Orders increased by 101% Record-high orders • Service orders increased by 27% • Excellent quarter for Hiab • Profitability improved • Global logistics and Cargotec’s January–June 2021 half year report supply chain challenges Mika Vehviläinen, CEO • Mikko Puolakka, CFO affected deliver
Slide 3: Contents
Contents ● Q2/21 Highlights ● Market environment ● Group level development ● Business areas ● Financials and outlook 3
Slide 4: Highlights of Q2 2021 – Comparable operating profit improved driven by strong Hiab performance
Highlights of Q2 2021 – Comparable operating profit improved driven by strong Hiab performance Orders received doubled ● Strong demand continued in Hiab and Kalmar’s mobile equipment ● Improvement in Kalmar Automation & Projects and MacGregor Sales increased by 13% ● Service sales increased in all b
Slide 5: Equipment running hours stabilising
Equipment running hours stabilising -3% +11% -1%* +3% +1% -1% +7% +7% Kalmar Mobile Equipment: +3% Change in machine activity – Q2/21 vs. Q1/21 -3% Hiab: Change in machine activity – Q2/21 vs. Q1/21 North America, Truck Mounted Forklift EU + UK, Loader Cranes * Medium TT’s excluded due to a technica
Slide 6: Market environment - Strong growth in all demand drivers
Market environment - Strong growth in all demand drivers Global container Construction output2 – Key driver for Hiab Long term contracting – Key driver for MacGregor throughput1 – Key driver Merchant ships3 Offshore mobile units4 United States Europe for Kalmar Historical average5 Historical average
Slide 7: Record-breaking quarter in orders received in Kalmar and Hiab
Record-breaking quarter in orders received in Kalmar and Hiab MEUR +41% (y/y) +127% (y/y) +105% (y/y) Cargotec’s January–June 2021 half year report | 28 July 2021 7
Slide 8: Strong order book in our most profitable segments
Strong order book in our most profitable segments Order book Order book by reporting MEUR segment, 30 June 2021 48% 20% 32% Cargotec’s January–June 2021 half year report | 28 July 2021 8
Slide 9: Sales and comparable operating profit improved
Sales and comparable operating profit improved Sales Comparable operating profit MEUR MEUR x Cargotec’s January–June 2021 half year report | 28 July 2021 *) Including Corporate admin and support 9
Slide 10: Service sales increased in all business areas
Service sales increased in all business areas Service and software* sales Service orders received +27% MEUR Software orders received +26% Service sales +12% ● Kalmar +5% ● Hiab +25% ● MacGregor +10% Software sales -15% Service and software 36% of total sales *Software sales defined as strategic busi
Slide 11: We continue determined execution of our strategy
We continue determined execution of our strategy PURPOSE SMARTER CARGO FLOW FOR A BETTER EVERYDAY VISION Global Leader in Sustainable Cargo Flow BREAKTHROUGH Sustainability Profitable Growth OBJECTIVES CONCRETE TARGET Reduce 1 million tonnes of CO2 equivalent by 2024 WHERE TO WIN HOW WE MEASURE Grow
Slide 12: 2021: Kalmar introduces a fully electric portfolio
Next Generation Electric Empty Electric Electric Heavy Electric Terminal Container Handler Reachstacker Forklift Tractor 2021: Kalmar introduces a fully electric portfolio. Cargotec’s January–June 2021 half year report | 28 July 2021 12
Slide 13: Business areas
Business areas Cargotec’s January–June 2021 half year report Cargotec’s January-March 2020 interim report 23/4/2020 13
Slide 14: Kalmar Q2 – Strong demand in mobile equipment
Kalmar Q2 – Strong demand in mobile equipment Strong orders received driven by Mobile Equipment MEUR Q2/21 Q2/20 Change Sales increased by 9% Orders received 600 293 105% ● Increase in Mobile Equipment Order book 1,258 885 42% and services Sales 382 350 9% ● Decrease in Automation & Comparable Proje
Slide 15: Hiab Q2 – Excellent quarter
Hiab Q2 – Excellent quarter Orders received and order book MEUR Q2/21 Q2/20 Change surged across all product categories Orders received 508 223 127% and regions Order book 831 373 123% Sales 316 243 30% Comparable Sales increased by 30% operating 45 25 82% ● Service sales +25% profit Comparable Comp
Slide 16: MacGregor Q2 - Positive development in the container ship market
MacGregor Q2 - Positive development in the container ship market Orders received increased in merchant vessels, offshore vessels MEUR Q2/21 Q2/20 Change and services Orders received 169 120 41% Order book 517 565 -9% Sales decreased by 4% Sales 156 163 -4% ● Service sales +10% Comparable operating 3
Slide 17: Financials and outlook
Financials and outlook Cargotec’s January–June 2021 half year report Cargotec’s January-March 2020 interim report 23/4/2020 17
Slide 18: Key figures – Operating profit improved significantly
Key figures – Operating profit improved significantly Q2/21 Q2/20 Change Q1-Q2/21 Q1-Q2/20 Change Orders received, MEUR 1,276 637 >100% 2,392 1,417 69% Order book, MEUR 2,606 1,822 43% 2,606 1,822 43% Sales, MEUR 853 756 13% 1,583 1,614 -2% Comparable operating profit, MEUR 70 49 41% 121 95 28% Comp
Slide 19: Increasing volumes affected cash flow
Increasing volumes affected cash flow Cash flow from operations before financing items and taxes MEUR Cargotec’s January–June 2021 half year report | 28 July 2021 19
Slide 20: Strong financial position and liquidity
Strong financial position and liquidity Net debt & gearing Total liquidity, 30 June 2021 MEUR *Cargotec adopted the IFRS 16 standard on 1 Jan 2019. Cargotec’s January–June 2021 half year report | 28 July 2021 20
Slide 21: Outlook for 2021
Outlook for 2021 Cargotec estimates 2021 comparable operating profit to improve compared to 2020 (EUR 227* million) *The comparable operating profit has been specified from EUR 228 million to EUR 227 million. Additional information about the comparable operating profit definition is presented in the
Slide 22: Let's reduce CO2 emissions at least percent by 2030
Let’s reduce CO, emissions at least 50 percent by 2030. This is critical for limiting global warming to 1.5 degrees.
Slide 23: Cargotec
Cy CARGOTEC