Oshkosh Corporation (Holding Company) · NYSE:OSK
Oshkosh Corporation (Holding Company) — Q4 2015 Earnings Presentation
19 slides from Oshkosh Corporation (Holding Company)'s earnings presentation, Oct 29, 2015
Slide 1: Fourth 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 Fourth Quarter Fiscal 2015 Executive Vice President and Chief Financial Offic
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: Q4 FY15 Results
Oshkosh Corporation Classification: Highly Restricted Q4 FY15 Results Q4 adjusted EPS* of $0.67 OSK Fiscal Q4 Performance - In line with revised expectations Taking actions to reduce costs Net Sales Adjusted and inventory in Access (billions) EPS* $1.8 $1.25 Equipment $1.7 $1.6 $1.6 Defense re
Slide 4: Full Year Results
Oshkosh Corporation Classification: Highly Restricted Full Year Results Full year results negatively impacted by: OSK Full Year Performance – Trough in Defense earnings – Mid-cycle dip in Access $10.0 $5.00 Equipment demand Set foundation for strong $8.0 $3.62 $4.00 Adjusted EPS* Net Sales $6.8
Slide 5: Positive Long-Term Outlook for Oshkosh
Oshkosh Corporation Classification: Highly Restricted Positive Long-Term Outlook for Oshkosh Leading brands with excellent long-term prospects Growing Defense portfolio with increasing global demand Continued global penetration of Access Equipment and sustained North American construction grow
Slide 6: Defense
Oshkosh Corporation Classification: Highly Restricted Defense Won DoD’s JLTV competition in August − Contract for 17,000 vehicles over 8 years − Program expected to yield 55,000 vehicles domestically over 20+ years − Expect strong interest from international allies − GAO decision on competitor pro
Slide 7: Access Equipment
Oshkosh Corporation Classification: Highly Restricted Access Equipment Mid-cycle dip accelerated into 2015 − Driven by weather and oil & gas impact − Light replacement demand after low purchases in 2009 - 2010 Improving residential and non-residential construction driving equipment usage and lon
Slide 8: Fire & Emergency
Oshkosh Corporation Classification: Highly Restricted Fire & Emergency Strong quarter to finish the year − Higher revenues, operating income & margins − Elevated backlog Pierce share gains at a time when the market is still below historical norms Driven by strong new product launches Improve
Slide 9: Commercial
Oshkosh Corporation Classification: Highly Restricted Commercial RCV sales grew double digits again in the quarter Replacement demand recovering Share growing due to success of new product launches Concrete mixer sales down in the quarter Continuation of market slowdown that began in third
Slide 10: Consolidated Results
Oshkosh Corporation Classification: Highly Restricted Consolidated Results (Dollars in millions, except per share amounts) Fourth Quarter Q4 Comments 2015 2014 Sales impacted by: Net Sales $1,578.3 $1,667.7 Lower Access Equipment % Change (5.4)% (3.4)% segment sales Higher Defense, Fire & Emer
Slide 11: Expectations for FY16
Oshkosh Corporation Classification: Highly Restricted Expectations for FY16 Revenues of ~ $6.2 - $6.5 billion Operating income of $400 million to $440 million EPS of $3.00 to $3.40 Segment information Measure Access Defense Fire & Commercial Equipment Emergency Sales $2.9 to $3.05 ~ $1.55 ~ $0
Slide 12: 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 [email protected] [email protected] MOVING THE WORLD AT WORK OSK Fourth Quarter
Slide 13: Appendix: Access Equipment
Oshkosh Corporation Classification: Highly Restricted Appendix: Access Equipment (Dollars in millions) Fourth Quarter Q4 Comments 2015 2014 Sales impacted by: Net Sales $769.5 $932.7 Lower North America demand Unfavorable foreign currency % Change (17.5)% 19.5% Higher European demand Opera
Slide 14: Appendix: Defense
Oshkosh Corporation Classification: Highly Restricted Appendix: Defense (Dollars in millions) Fourth Quarter Q4 Comments 2015 2014 Sales impacted by: M-ATV reset volume Net Sales $317.6 $288.1 International M-ATV sales % Change 10.3% (43.9)% Lower FHTV and FMTV sales Operating income impac
Slide 15: Appendix: Fire & Emergency
Oshkosh Corporation Classification: Highly Restricted Appendix: Fire & Emergency (Dollars in millions) Fourth Quarter Q4 Comments 2015 2014 Sales impacted by: Higher fire apparatus volume Net Sales $245.4 $214.9 Operating income impacted by: % Change 14.2% (7.4)% Higher sales volume Favora
Slide 16: Appendix: Commercial
Oshkosh Corporation Classification: Highly Restricted Appendix: Commercial (Dollars in millions) Fourth Quarter Q4 Comments 2015 2014 Sales impacted by: Higher RCV volume Net Sales $252.9 $243.7 Lower concrete mixer volume % Change 3.8% 16.4% Operating income impacted by: Operating Income $2
Slide 17: 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 18: 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): Three Months Ended Three Months Ended September 30, Se
Slide 19: 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 Fiscal Ye