Tadano Ltd. · TSE:6395
Tadano — Q2 FY2023 Earnings Presentation
16 slides from Tadano's earnings presentation, August 2023
Slide 1: FY 2023 Second Quarter (Jan. – Jun.) Financial Explanatory Briefing
FY 2023 Second Quarter (Jan. – Jun.) Financial Explanatory Briefing August 2023 Tadano Ltd.
Slide 2: Notes
＜Notes＞ ⚫ Forward-looking statements contained in this report are based on information available as of the date this report was prepared. A variety of factors may cause actual results to differ from projections. ⚫ Presentation of demand and share: • Figures showing demand based on Tadano research ar
Slide 3: FY 2023 Second Quarter Results and FY 2023 Full Year Forecast
FY 2023 Second Quarter (Jan. – Jun.) Results and FY 2023 Full Year Forecast 2
Slide 4: FY 2023 2Q Results and FY 2023 Forecast
FY 2023 2Q (Jan. - Jun.) Results and FY 2023 Forecast ➢ FY 2023 2Q Results: Operating income and ordinary income increased. • Net sales increased, supported by strong demand both in and outside of Japan (driven by rough terrain cranes in Japan, North America, and Middle East), while sales situation
Slide 5: Progress toward Mid-Term Management Plan targets and FY2023 forecast
Despite sales and profit boost from depreciation of the Japanese yen, the company is struggling to meet the final targets of the Mid-Term Management Plan (21-23) due to unexpected cost increases, production constraints and others. FY2022 FY2022 FY2023 Forecast FY2023 FY2021 (*irregular) (**adjusted)
Slide 6: Future Outlook
l/l TADANO Future Outlook
Slide 7: Demand Trends for Mobile Cranes
Demand Trends for Mobile Cranes * Figures are based on Tadano research (Figures showing demand are rounded to the nearest ten units). * Mobile Cranes produced in Russia are excluded. * Starting from 2010 the graph includes Chinese construction cranes produced for export. * Mobile cranes produced in
Slide 8: Demand Trends for Mobile Cranes
Demand Trends for Mobile Cranes ➢ In CY 2022, demand recovered to above pre-COVID-19 levels. ➢ In CY 2023, demand will remain strong despite some concerns in each region. (Units) CY2022 2Q CY2023 2Q (Jan. - Jun.) Region CY2019 CY2020 CY2021 CY2022 (Jan. - Jun.) vs CY2022 2Q Europe 1,650 1,390 1,360
Slide 9: Order Backlog Trends for Mobile Cranes
Order Backlog Trends for Mobile Cranes ➢ Demand remains high. ➢ For rough terrain cranes, production constraints have been lifted and full- scale production is under way, for all terrain cranes, production will recover from the second half; order backlog will be eliminated. Trends in order backlog (
Slide 10: Production Situation
Production Situation Planning to increase production volumes, although there are variations by product. Production situation is recovering. FY 2022: • COVID-19 pandemic (prolonged + lockdown in China), Ukraine crisis, truck chassis supply constraints • These problems affected both Japan and Germany,
Slide 11: Progress in Restructuring of European Operations
Progress in Restructuring of European Operations ➢ Despite the uncertain outlook for the European economy, global demand and orders remain strong. On the other hand, production constraints are prolonged and profits continue to decline due to deteriorating production efficiency and rising raw materia
Slide 12: Highlights
l/l TADANO Highlights 11
Slide 13: Highlights: Introduction of New Products
Highlights: Introduction of New Products Launch of AT-280XTG, a compact aerial work Launch of two new truck crane models for the platform with an ultra-lightweight boom United States and Canada, GT-1200XL-2 and GT- 800XL-2 In April 2023, Tadano released a new aerial work platform, the AT-280XTG. The
Slide 14: Highlights: CONEXPO 2023
Highlights: CONEXPO 2023 Products and solutions for achieving net zero carbon emissions In March 2023, the Tadano Group unveiled a new product lineup at CONEXPO-CON/AGG 2023, one of the world’s largest construction machinery exhibitions held in Las Vegas, USA. We are proud that our new products offe
Slide 15: Highlights: Sustainability Promotion
Highlights: Sustainability Promotion Reconstruction assistance for the Turkey- Introduction of job challenge and Internal FA Syria Earthquake, and humanitarian aid for Programs Ukraine We donated an ATF50G-3 all terrain crane to the Turkish While supporting the education and development of governmen
Slide 16: Pursuing Further Excellence for the World and the Future.
Pursuing Further Excellence for the World and the Future. 15