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MANITEX INTERNATIONAL, INC. NASDAQ: MNTX Third Quarter Earnings Conference Call November 2020
MANITEX INTERNATIONAL, INC.
Third Quarter Earnings Conference Call
Safe Harbor Statement under theU.S.Private Securities Litigation Reform Actof1995 :This presentation contains statements that areforward -looking innature
which express thebeliefs and expectations ofmanagement including statements regarding theCompany’s expected results ofoperations orliquidity ;statements
concerning projections, predictions, expectations, estimates orforecasts astoourbusiness, financial and operational results and future economic performance ;
and statements ofmanagement’s goals and objectives and other similar expressions concerning matters that arenothistorical facts .Insome cases, you can
identify forward -looking statements byterminology such as“anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,”
“may,” “will,” “should,” “could,” and similar expressions .Such statements arebased oncurrent plans, estimates and expectations and involve anumber ofknown
and unknown risks, uncertainties and other factors that could cause theCompany's future results, performance orachievements todiffer significantly from the
results, performance orachievements expressed orimplied bysuch forward -looking statements .These factors and additional information arediscussed inthe
Company's filings with theSecurities and Exchange Commission and statements inthis presentation should beevaluated inlight ofthese important factors .
Although webelieve that these statements arebased upon reasonable assumptions, wecannot guarantee future results .Forward -looking statements speak only
asofthedate onwhich they aremade, and theCompany undertakes noobligation toupdate publicly orrevise any forward -looking statement, whether asaresult
ofnew information, future developments orotherwise .
Positioned for Recovery
▪ PM Group backlog growth continues to show
▪ Valla zero -emission industrial cranes at record
backlog and gaining market share
▪ Continuing to launch new and innovative
products for the construction and utility
▪ Returned to positive Adjusted EBITDA for
▪ October 31, 2020 Backlog increased 28%
to $56.6 million from June 30, 2020
▪ Annualized savings of $5 million through
restructuring and other actions
\Balance Sheet and Credit
▪ $35 million Total Net Debt
▪ $41 million in Total Cash and Credit
▪ Planned Q4 debt reduction on track Facilities
▪ Continuing stringent COVID -19 protocols with effective
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Mandatum plc