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: Robust demand, global component and logistics challenges continued
28 October 2021 • Orders increased by 33% • Service orders Robust demand, increased by 18% global component • Longer delivery times and logistics due to global component and logistics challenges challenges continued • Hiab’s excellent performance continued • Share of electric versions in Cargotec’s
Slide 3: Contents
Contents ● Q3/21 highlights ● Market environment ● Group level development ● Business areas ● Financials and outlook 3
Slide 4: Highlights of Q3 2021 – Robust demand continued while component availability limited sales
Highlights of Q3 2021 – Robust demand continued while component availability limited sales Orders received increased by 33% ● Clear improvement across all businesses & product categories Sales increased by 6% ● Service sales increased in all businesses ● Share of eco portfolio 17% Comparable operati
Slide 5: Holiday season reflected in equipment running hours
Holiday season reflected in equipment running hours -4% -4% +4% -6% -8% +2% -3% -1% Kalmar Mobile Equipment: +0% Change in machine activity – Q3/21 vs. Q2/21 +1% Hiab loader cranes: Change in machine activity – Q3/21 vs. Q2/21 Data from dark blue countries Cargotec’s January–September 2021 interim r
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 United States Europe Merchant ships3 Offshore mobile units4 for Kalmar Historical Historical average6 FY +8%
Slide 7: Strong underlying demand continued in Kalmar and Hiab, MacGregor improving
Strong underlying demand continued in Kalmar and Hiab, MacGregor improving Orders received MEUR +21% (y/y) +45% (y/y) +29% (y/y) Cargotec’s January–September 2021 interim report | 28 October 2021 7
Slide 8: High demand and longer delivery times expanded our order book
High demand and longer delivery times expanded our order book Order book Order book by reporting MEUR segment, 30 September 2021 46% 20% 34% Cargotec’s January–September 2021 interim report | 28 October 2021 8
Slide 9: Despite rigorous actions, global component shortages and transportation bottlenecks limited our sales
Despite rigorous actions, global component shortages and transportation bottlenecks limited our sales Sales Comparable operating profit MEUR MEUR x Cargotec’s January–September 2021 interim report | 28 October 2021 *) Including Corporate admin and support 9
Slide 10: Good progress continued in service business
Good progress continued in service business Service and software* sales Service orders received +18% MEUR Service sales +9% ● Kalmar +9% ● Hiab +9% ● MacGregor +7% Software sales decreased due to Navis disposal Service and software 34% of total sales *Software sales include automation software and,
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: Several strategic milestones achieved in Q3
Hiab expands truck Navis disposal Cargotec and SSAB to Hiab acquires Galfab mounted forklift completed on 1 July introduce fossil-free steel manufacturing to US to cargo handling industry and invests in Ireland Several strategic milestones achieved in Q3 Cargotec’s January–September 2021 interim rep
Slide 13: 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–September 2021 interim report | 28 October 2021 13
Slide 14: Kalmar received large eco portfolio orders in Q3
Kalmar received large eco portfolio orders in Q3 15 medium electric 18 hybrid shuttle Six automatic Two zero emission forklift trucks carriers stacking cranes RTGs, two empty container handlers and a reachstacker Cargotec’s January–September 2021 interim report | 28 October 2021 14
Slide 15: Michel van Roozendaal to lead Kalmar Mobile Solutions, Leif Byström new head of MacGregor
Michel van Roozendaal to lead Kalmar Mobile Solutions, Leif Byström new head of MacGregor The changes in Cargotec’s Leadership Team will be effective immediately Michel van Roozendaal Leif Byström President of the Kalmar Mobile Solutions, President of MacGregor, previously President of MacGregor pre
Slide 16: Business areas
Business areas Cargotec’s January–September 2021 interim report
Slide 17: Kalmar Q3 – Weaker profitability due to global component shortages
Kalmar Q3 – Weaker profitability due to global component shortages Strong orders received driven by increase in all product categories MEUR Q3/21 Q3/20 Change Sales increased by 3% Orders received 421 328 28% ● Increase in Mobile Equipment Order book 1,226 834 47% and services Sales 377 364 3% ● Aut
Slide 18: Hiab Q3 – Excellent performance continued
Hiab Q3 – Excellent performance continued Orders received and order book MEUR Q3/21 Q3/20 Change increased across all product Orders received 396 274 45% categories and regions Order book 922 386 >100% Sales 309 254 21% Comparable Sales increased by 21% operating 42 32 33% ● Service sales +9% profit
Slide 19: MacGregor Q3 - Positive operating profit, bottom reached in sales
MacGregor Q3 - Positive operating profit, bottom reached in sales Orders received increased in merchant vessels, offshore vessels MEUR Q3/21 Q3/20 Change and services Orders received 168 139 21% Order book 549 532 3% Sales decreased by 14% Sales 137 158 -14% ● Service sales +7% Comparable operating
Slide 20: Financials and outlook
Financials and outlook Cargotec’s January–September 2021 interim report Cargotec’s January-March 2020 interim report 23/4/2020 20
Slide 21: Key figures – Gain from sale of Navis business had significant impact on operating profit
Key figures – Gain from sale of Navis business had significant impact on operating profit Q3/21 Q3/20 Change Q1-Q3/21 Q1-Q3/20 Change Orders received, MEUR 985 740 33% 3,377 2,158 57% Order book, MEUR 2,696 1,751 54% 2,696 1,751 54% Sales, MEUR 822 777 6% 2,405 2,391 1% Comparable operating profit,
Slide 22: Increasing volumes affected cash flow
Increasing volumes affected cash flow Cash flow from operations before financing items and taxes MEUR Cargotec’s January–September 2021 interim report | 28 October 2021 22
Slide 23: Strong financial position and balanced maturity profile
Strong financial position and balanced maturity profile Net debt & gearing Maturity profile, 30 September 2021 MEUR *Cargotec adopted the IFRS 16 standard on 1 Jan 2019. Cargotec’s January–September 2021 interim report | 28 October 2021 23
Slide 24: 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 25: Let's reduce CO2 emissions by 2030
COMPANYss Let’s reduce CO, emissions at least 50 percent by 2030. This is critical for limiting global warming to 1.5 degrees.
Slide 26: Cargotec
Cy CARGOTEC