Manitou Bf Sa · EURONEXT:MTU
Manitou Bf Sa — Manitou Group — Q4 2013 Earnings Presentation
13 slides from Manitou Bf Sa's earnings presentation, Jan 30, 2014
Slide 1: Q4'13 Revenue
Q4’13 Revenue Michel Denis, CEO Hervé Rochet, CFO
Slide 2: Disclaimer
Disclaimer This presentation includes only summary information and does not in any way purport to be comprehensive. None of the Company or any of its affiliates, directors, officers, advisors and employees accepts any obligation, liability , claim or remedy for any loss arising from any use of these
Slide 3: Highlights
Highlights • Q4 Revenue €303m, -1% vs. Q4’12, -6% comparable* • Q4 2013 €1,176m, -7% vs. 2012, -1% comparable* • 2013 YTD Revenue of €1,176.4m, -7% vs. 2012 • Backlog 7,300 units vs. 6,700 Q4 2012 • 2013 revised current op. margin approx. 2% • 2014 Revenue: stable at constant exchange rates * compar
Slide 4: Q4 Revenue Matrix
Q4 Revenue Matrix Revenue Q4 2012 Revenue Q4 2013 South North €m South North Am. APAM Tot. Am. APAM Tot. Eur. Eur. % tot Eur. Eur. 70 79 15 33 197 80 97 13 26 215 RTH 23% 26% 5% 11% 65% 26% 32% 4% 9% 71% 30 7 1 3 42 18 6 2 4 30 IMH 10% 2% 1% 1% 14% 6% 2% 1% 1% 10% 1 9 53 4 67 2 9 43 4 58 CE 0% 3% 17
Slide 5: 12 months YTD Revenue Matrix
12 months YTD Revenue Matrix Revenue 12 months YTD’12 Revenue 12 months YTD’13 South North €m South North Am. APAM Tot. Am. APAM Tot. Eur. Eur. % tot Eur. Eur. 318 360 58 121 857 308 351 54 98 810 RTH 25% 28% 5% 10% 68% 26% 30% 5% 8% 69% 120 23 6 14 163 78 24 6 16 124 IMH 9% 2% 0% 1% 13% 7% 2% 0% 1%
Slide 6: Evolution vs. 2012 Revenue
Evolution vs. Evolution Revenue Toyota Exchange without €m Revenue Revenue Rate Impact exchange % vs. 2012 2013 Impact rate Revenue’12 & Toyota RTH 857 -15 -32 810 ; -2% -4% -5% IMH 163 -2 -45 +8 124 . -1% -28% +5% -24% CE 245 -8 +5 242 . - 3% +2% -1% Total 1265 -25 -45 -19 1176 . -2% -4% -1% -7% De
Slide 7: Evolution vs. Q4'12 and YTD'12
Evolution vs. YTD’12 South. North. Am. APAM Total Q4 ‘12 Europe Europe RTH -3% -3% -7% -18% -5% +15% +24% -19% -20% +10% IMH -35% +4% +20% +11% -24% -42% -15% +16% +33% -30% CE +7% -12% +0% -2% -1% +51% -4% -19% +11% -14% Total -12% -3% -1% -14% -7% -2% +18% -18% -13% -1% Revenue global decrease Q4’
Slide 8: Backlog & order intake
Backlog & order intake RTH IMH CE (in units) Q4 Q4 Q4 Order book Sep. 30 3,935 993 1,498 + Order Intake* 3,618 2,942 2,361 - Revenue 3,413 2,865 1,742 Order book Dec. 31 4,140 1,070 2,117 Book-to-bill (quarters) 1.2m 0.4m 1.2m * Order intake details: Seasonality + ++ - Dealers restocking Precaution
Slide 9: Backlog evolution (units)
Backlog evolution (units) Q4’2013 Revenue | January 30, 2014 Page 9
Slide 10: Operational review
Operational review • RTH & IMH - Maintain short delivery deadlines - Intense activity of pre-buy engines Euro IIIB new regulation • Compact Equipment - Rental orders - Tier IV impact on operational fluidity and competitivity • Resources Management - Internal mobility plan to accelerate organisation
Slide 11: Summary
Summary • Status - Transition in governance - RTH back to reactivity for delivery and product development deadlines - IMH transition post-Toyota succeeded with the launch of the MI - CE a good progress with the switch to the final Tier IV engine - S&M International strengthening - S&M expension of t
Slide 12: Outlook
Outlook • 2013 - Current operational margin close to 2% i.e. Q2’13 close to 3% vs. 0.9% for Q1’13 • Anticipation for 2014 - Agriculture: readability? - Construction: opportunities with rental business(Europe & US) - Development potential different according to the region - 2014 Revenue stable at con
Slide 13: Thank you for your attention
wt Thank you for your attention