D.A.Davidson Diversified
Industrials & Services Conference
David J. Wilson
President and Chief Executive Officer
Gregory P. Rustowicz
Executive Vice President - Finance & Chief Financial Officer
September 21, 2023
Safe Harbor Statement
These slides, and the accompanying oral discussion (together, this "presentation"), contain "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning expected growth, future sales and EBITDA margins, and future potential to deliver results; the execution of its strategy and further transformation of the Company with stronger growth, less cyclicality and higher margins, and achievement of certain goals. These statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the impact of supply chain challenges and inflation, the ability of the Company to scale the organization, achieve its financial targets including revenue and adjusted EBITDA margin, and to execute CMBS and the Core Growth Framework; global economic and business conditions affecting the industries served by the Company and its subsidiaries including COVID-19; the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. Consequently, such forward-looking statements should be regarded as current plans, estimates and beliefs. The Company assumes no obligation to update the forward-looking information contained in this presentation.
Non-GAAP Financial Measures and Forward-lookingNon-GAAP Measures
This presentation will discuss some non-GAAP ("adjusted") financial measures which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results compared in accordance with GAAP. The non-GAAP ("adjusted") measures are noted and reconciliations of comparable GAAP with non-GAAP measures can be found in tables included in the Supplemental Information portion of this presentation.
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© 2023 COLUMBUS MCKINNON CORPORATION
Intelligent Motion Solutions for Material Handling
Columbus McKinnon (Nasdaq: CMCO)
Transforming from a legacy cyclical industrial company to
a top-tier, secular growth, intelligent motion solutions company Strategic priorities
- Strengthen and build upon CMCO's core
- Invest in high-growth, high margin platforms
- Increase exposure to high growth, secular end markets
- Achieve top-tier performance utilizing CMBS and growth framework
Highly relevant, professional-grade solutions for solving customers' critical material handling requirements
#1 U.S. hoist provider and #2 largest global hoist company
Market leader in North America in precision conveyance
Financial & Market Data(1)
$936M | $1.02B |
Revenue | Market Cap. |
Product Mix(2) | |
10% | |
Linear Motion | |
14% | |
Automation | |
16% | |
Specialty Conveying | 60% |
Lifting Solutions |
Seasoned Leader With Extensive History Of Safely, Efficiently And Ergonomically Moving Materials | 3 |
© 2023 COLUMBUS MCKINNON CORPORATION
- Market data as of 09/15/2023 (Source: S&P Capital IQ); Financial data represents FY23 ended March 31, 2023
- Product mix data represents FY23 sales ended March 31, 2023
Lifting, Linear Motion and Automation Solutions
Rich History as Premium Provider of Products for Material Handling
Lifting Solutions:
#1 U.S. market position in hoists
Lifting capacity from 1/8 ton to ~140 tons Manual chain, electric chain and wire rope hoists Reliable, high-quality products
Compass™ configure, price and quote tool
Linear Motion Solutions:
Specialty Actuation Products:
Demonstrated leadership and differentiated offering
Serving a breadth of end markets from rail to warehousing to defense
Automation Solutions:
Design and develop drives and controls for lifting, linear motion including conveying systems
Global Leader In Intelligent Motion Solutions For Material Handling | 4 |
© 2023 COLUMBUS MCKINNON CORPORATION
Precision Conveyance Solutions
Developing Leading Platform for Growth
Specialty conveying provides growth platform:
~$4B TAM growing at 6% to 8% CAGR Higher margin profile
Strong secular growth drivers:
Supply chain automation
Acceleration of e-commerce adoption
Fragmented market provides target rich acquisition environment
Acquired Garvey in December 2021
Acquired montratec™ in May 2023
Complementary adjacencies:
Sortation, asynchronous, vibration, etc.
Conveying Solutions: A Scalable, High-Growth Platform | 5 |
© 2023 COLUMBUS MCKINNON CORPORATION
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Columbus McKinnon Corporation published this content on 21 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2023 16:38:16 UTC.