Oshkosh Corporation (Holding Company) · NYSE:OSK
Oshkosh Corporation (Holding Company) — Q3 2015 Earnings Presentation
17 slides from Oshkosh Corporation (Holding Company)'s earnings presentation, Jul 30, 2015
Slide 1: Third Quarter Fiscal 2015 Earnings Call
Oshkosh Corporation Classification: Highly Restricted MOVING THE WORLD AT WORK Charles L. Szews Chief Executive Officer Oshkosh Corporation Wilson R. Jones (NYSE:OSK) President and Chief Operating Officer David M. Sagehorn Third Quarter Fiscal 2015 Executive Vice President and Chief Financial Office
Slide 2: Forward-Looking Statements
Oshkosh Corporation Classification: Highly Restricted Forward-Looking Statements This presentation contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of hist
Slide 3: Q3 FY15 Results
Oshkosh Corporation Classification: Highly Restricted Q3 FY15 Results Q3 EPS of $1.13 OSK Fiscal Q3 Performance - Below expectations - Shortfall due to lower year over Net Sales (billions) EPS year sales of access equipment $2.0 $1.9 $1.50 Updated FY15 adjusted EPS* $1.8 $1.23* estimate to range
Slide 4: Defense
Oshkosh Corporation Classification: Highly Restricted Defense First yr/yr backlog increase since 2011 Secured contract orders for FHTV recapitalization and FMTV FHTV sales to restart in Q4 Expect to ship 150 M-ATVs internationally in Q4; revenue recognition now assumed in FY16 Progress pur
Slide 5: Access Equipment
Oshkosh Corporation Classification: Highly Restricted Access Equipment Believe fundamental business drivers remain intact Improving U.S. residential and non-residential construction; strong rental company metrics Moderating replacement demand for aged fleets in Europe Product adoption in dev
Slide 6: Fire & Emergency
Oshkosh Corporation Classification: Highly Restricted Fire & Emergency Progress addressing operational efficiencies Assembly line changes completed in Q3 Expect modest North American market growth in 2015 Strong orders at Pierce led to share gains Innovative new product offerings at recent
Slide 7: Commercial
Oshkosh Corporation Classification: Highly Restricted Commercial Double digit sales growth led by RCV products Growing RCV share in a slowly improving market New Meridian lighter weight RCV introduced at Waste Expo in June Concrete mixer sales up Driven by higher content units Experience
Slide 8: Consolidated Results
Oshkosh Corporation Classification: Highly Restricted Consolidated Results (Dollars in millions, except per share amounts) Third Quarter Q3 Comments 2015 2014 Sales impacted by: Net Sales $1,612.3 $1,932.4 Lower defense and access equipment segment sales % Change (16.6)% (12.3)% Higher commerc
Slide 9: Updated Expectations for FY15
Oshkosh Corporation Classification: Highly Restricted Updated Expectations for FY15 Revenues of ~ $6.1 billion Adjusted operating income* of $400 million to $425 million Adjusted EPS* of $3.00 to $3.25 Segment information Measure Access Defense Fire & Commercial Equipment Emergency Sales ~ $3.
Slide 10: For information contact:
Oshkosh Corporation Classification: Highly Restricted Patrick N. Davidson Jeffrey D. Watt For information Vice President, Investor Relations Director, Investor Relations contact: (920) 966-5939 (920) 233-9406 pdavidson@oshkoshcorp.com jwatt@oshkoshcorp.com MOVING THE WORLD AT WORK OSK Third Quarter
Slide 11: Appendix: Access Equipment
Oshkosh Corporation Classification: Highly Restricted Appendix: Access Equipment (Dollars in millions) Third Quarter Q3 Comments Sales impacted by: 2015 2014 Reduced deliveries as a result of Net Sales $932.6 $1,039.2 weather-related construction delays % Change (10.3)% 10.4% and oil & gas price
Slide 12: Appendix: Defense
Oshkosh Corporation Classification: Highly Restricted Appendix: Defense (Dollars in millions) Third Quarter Q3 Comments Sales impacted by: 2015 2014 FHTV break in production Net Sales $194.2 $470.7 Lower FMTV sales % Change (58.7)% (46.5)% International M-ATV sales in prior year Adjusted Ope
Slide 13: Appendix: Fire & Emergency
Oshkosh Corporation Classification: Highly Restricted Appendix: Fire & Emergency (Dollars in millions) Third Quarter Q3 Comments Sales impacted by: 2015 2014 Higher content fire trucks Net Sales $199.8 $187.5 Higher airport products unit % Change 6.6% (8.3)% shipments Operating income impact
Slide 14: Appendix: Commercial
Oshkosh Corporation Classification: Highly Restricted Appendix: Commercial (Dollars in millions) Third Quarter Q3 Comments 2015 2014 Sales impacted by: Higher RCV unit sales Net Sales $294.0 $247.3 Higher content concrete mixer % Change 18.9% 27.0% sales Operating Income $22.4 $19.9 Operatin
Slide 15: Appendix: Commonly Used Acronyms
Oshkosh Corporation Classification: Highly Restricted Appendix: Commonly Used Acronyms ARFF Aircraft Rescue and Firefighting MECV Modernized Expanded Capability Vehicle AWP Aerial Work Platform MRAP Mine Resistant Ambush Protected CapEx Capital Expenditures MSVS Medium Support Vehicle System (Canada
Slide 16: Appendix: Non-GAAP to GAAP Reconciliation
Oshkosh Corporation Classification: Highly Restricted Appendix: Non-GAAP to GAAP Reconciliation • The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly comparable GAAP measures (in millions, except per share amounts): Three Months Ended Nine Mont
Slide 17: Appendix: Non-GAAP to GAAP Reconciliation
Oshkosh Corporation Classification: Highly Restricted Appendix: Non-GAAP to GAAP Reconciliation • The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly comparable GAAP measures (in millions, except per share amounts): Fiscal 2015 Expectations Low