January March 2006 Interim Report President and CEO Carl-Gustaf - PowerPoint PPT Presentation

January – March 2006 Interim Report President and CEO Carl-Gustaf Bergström April 24, 2006 1

Key issues during Q1/2006 • Market situation continued good • Record order intake of EUR 805 (Q1/05 pro forma: 645) million • Net sales grew by 12% and amounted to EUR 614 (550) million • Operating income rose to EUR 51.0 (36.7) million representing 8.3 (6.7)% of net sales • Order book on March 31, 2006 was EUR 1,439 (Dec 31, 2005: 1,257) million • Acquisitions complementing the business: ECC and AMA 2 April 24, 2006

Market situation continued good (1/2) • Hiab’s load handling equipment markets continued strong in North America and in Europe. • The markets were also supported by the continuing positive trend in new truck sales, which is estimated to be partly due to customers preparing for increases in truck prices caused by the introduction of new emission standards towards the end of the year. • Demand for Kalmar’s container handling equipment was strong, especially in Europe and South Africa where several port expansion projects were decided on. • The demand for heavy industrial handling equipment continued to be good. 3 April 24, 2006

Market situation continued good (2/2) • Markets for MacGREGOR’s products remained extremely strong. It is fueled by shipbuilders’ record-high order backlogs, which increase the need for MacGREGOR’s marine cargo flow solutions onboard. • Demand for service was high in all three business areas. 4 April 24, 2006

Orders received MEUR 2,800 2,545 2,385 2,337 2,400 2,000 1,600 1,200 805 800 645 400 0 2004 2005 Rolling 12 month 1-3/05 1-3/06 Pro forma Pro forma Pro forma 5 April 24, 2006

Order book MEUR 1,600 1,439 1,345 1,400 1,287 1,281 1,257 1,219 1,173 1,123 1,200 1,000 897 807 800 600 400 200 0 * * * * * * 5 5 6 3 4 4 4 4 5 5 0 0 0 0 0 0 0 0 0 0 . . . 9 3 . . 2 . . . . . 2 3 6 9 2 3 6 . . 1 0 1 1 1 . . . . . . 1 0 0 1 0 3 3 . . 1 1 3 3 3 1 3 3 3 3 3 *Pro forma 6 April 24, 2006

Net sales MEUR 2,800 2,421 2,358 2,400 1,900 2,000 1,600 1,200 800 614 +12 % 550 400 0 2004 2005 Rolling 12 month 1-3/05 1-3/06 Pro forma Pro forma Pro forma 7 April 24, 2006

Geographical net sales development EMEA Americas Asia Pacific MEUR 1,500 1,335 1,200 1,072 900 620 600 476 403 344 352 311 300 171 131 99 109 Q1 Q1 Q1 0 2004* 2005* 1-3/06 2004* 2005* 1-3/06 2004* 2005* 1-3/06 *Pro forma 8 April 24, 2006

Service business growth continued Hiab Kalmar MacGREGOR % of net sales MEUR % 300 50 267 250 40 223 200 30 150 116 110 109 20 95 100 72 56 10 50 32 26 25 29 Q1 Q1 Q1 0 0 2004* 2005* 1-3/06 2004* 2005* 1-3/06 2004* 2005* 1-3/06 *Pro forma 9 April 24, 2006

Acquisition of East Coast Cranes (ECC) • Over 100 employees and net sales of • Container crane and port service close to USD 25 million (2005). company working in US East Coast and Gulf ports, project-based business in various ports on the US West Coast, Caribbean and in Latin America. 10 April 24, 2006

Acquisition of AMA • Tail lift manufacturer AMA consists of manufacturing company AMA Polska Sp.z.o.o based in Poland and sales company Stama B.V. in Holland • AMA is currently investing in a new tail lift production facility in Oborniki near Poznan, Poland. • 55 employees and net sales of approximately EUR 4 million (2005). 11 April 24, 2006

Operating income MEUR 240 194 200 179 160 124 120 80 51 37 40 0 2004 2005 Rolling 12 month* 1-3/05 1-3/06 Pro forma Pro forma* Pro forma *Excluding EUR 15.4 million capital gain on sale of Consolis 12 April 24, 2006

Operating income by business area 1-3/2005 Rolling 2005 2004 MEUR 1-3/2006 Pro forma 12 month Pro forma Pro forma Hiab 22.5 14.2 74.9 44.6 66.6 % 9.8% 8.5% 7.2% 6.4% 7.9% Kalmar 25.0 101.9 20.7 97.6 66.4 8.8% 7.8% 8.7% 7.7% % 8.5% 6.2 4.5 29.2 27.5 20.9 MacGREGOR 6.1% 5.1% 7.7% 6.2% 7.5% % 51.0 36.7 193.7* 123.9 Cargotec total 179.4* 8.3% 6.7% 8.0%* 6.5% 7.6%* % *Excluding EUR 15.4 million capital gain on sale of Consolis 13 April 24, 2006

Cash flow from operations MEUR 240 219 194 200 158 160 120 80 41 40 16 0 2004 2005 Rolling 12 month 1-3/05 1-3/06 Pro forma Pro forma Pro forma 14 April 24, 2006

Key figures 1-3/2006 2005 2004 Pro forma Pro forma Basic earnings per share EUR 0.53 1.90* 1.20 Equity per share EUR 11.84 11.93 10.17 Interest-bearing net debt MEUR 154.9 120.5 281.4 Total equity / total assets % 45.9 46.2 42.2 Gearing % 20.3 15.7 43.0 Return on equity % 17.8 19.2 12.6 Return on capital employed % 19.4 20.9 12.9 *Excluding EUR 15.4 million capital gain on sale of Consolis 15 April 24, 2006

Outlook • Cargotec’s market situation is expected to remain good. • Order intake is expected to continue strong during the second quarter of 2006 even if it is not expected to reach the very high first quarter level. • Cargotec’s growth is supported by the growth in orders received as well as acquisitions complementing the business. • Year 2006 net sales are estimated to grow by close to 10 percent while the target is to reach an 8 percent operating margin. 16 April 24, 2006