goldman sachs global capital goods conference 2005 n.
Download
Skip this Video
Download Presentation
Goldman Sachs Global Capital Goods Conference 2005

Loading in 2 Seconds...

play fullscreen
1 / 12

Goldman Sachs Global Capital Goods Conference 2005 - PowerPoint PPT Presentation


  • 86 Views
  • Uploaded on

Goldman Sachs Global Capital Goods Conference 2005. Forward Looking Statements.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Goldman Sachs Global Capital Goods Conference 2005' - zoe-diaz


Download Now An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
forward looking statements
Forward Looking Statements

Our remarks that follow, including answers to your questions and these slides, include statements that we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. All of our statements, other than statements of historical fact, including statements regarding Oshkosh Truck’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures and debt levels, and plans and objectives of management for future operations, are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of words such as “expect,” “intend,” “estimates,” “anticipate,” “believe,” “should,” “plans,” or similar words. We cannot give any assurance that such expectations will prove to be correct. Some factors that could cause actual results to differ materially from our expectations include the accuracy of assumptions made with respect to our expectations for fiscal 2006, the Company’s ability to turnaround the business of the Geesink Norba Group sufficiently to support its valuation resulting in no non-cash impairment charge for Geesink Norba Group goodwill, the Company’s ability to turnaround its McNeilus business, the expected level of U.S. Department of Defense procurement of the Company’s products and services, the cyclical nature of the Company’s commercial and fire and emergency markets, the effects of rapidly rising steel and component costs, risks related to reductions in government expenditures, the uncertainty of government contracts, the challenges of identifying, completing and integrating acquisitions and risks associated with international operations. Additional information concerning these and other factors is contained in our filings with the SEC, including our Form 8-K filed November 1, 2005. Except as set forth in such Form 8-K, we disclaim any obligation to update such forward-looking statements.

oshkosh truck corporation
Oshkosh Truck Corporation
  • Largest global specialty truck and truck body company
  • Leading brands in each market
  • Successful growth record and strategies to sustain growth
  • Driving force in bringing new technologies to market
investment highlights
Investment Highlights

Driving Forward

Strong ROIC

Superior Historic Returns

Share Price

ROIC

And, a positive outlook

significant competitive advantages
Leading brand positions

Extensive distribution capabilities

Flexible and efficient manufacturing

Proprietary component technologies

Strong balance sheet

Significant Competitive Advantages
market leadership
Market Leadership

Estimated

Market Share

Rank

Heavy Defense Trucks #1 100%

Medium Marine Trucks #1 100%

Fire Apparatus #1 31%

Wreckers and Carriers #2 25%

Airport Products #1 79%

Ambulances #3 8%

Rear-Discharge Concrete Mixers #1 75%

Front-Discharge Concrete Mixers #1 51%

Concrete Batch Plants #1 48%

Refuse Truck Bodies - U.S. #1/#2 27%

- Europe #1 20%

Source: Company estimates of its fiscal 2004 U.S. market share only, except for refuse truck bodies - Europe.

core growth strategies
Investing in innovation

Lead in new product development in all markets

Embracing lean principles

Supported by chartered cost reduction teams

Pursuing strategic acquisitions

Expand globally

New platforms and tuck-ins

Core Growth Strategies

ROIC .2% 11.7% 11.5% 14.5% 18.3% 20.5%

introducing revolutionary technologies into mature markets
R & D investment includes development of proprietary technologies

Seek to substantially improve product performance

While reducing customers whole life costs

Introducing Revolutionary Technologies into Mature Markets
excellent financial trends

Fiscal

2005

Fiscal

2001

Fiscal

2002

Fiscal

2003

Fiscal

2004

Dollars in millions

Sales - $ $1,445.3 $1,743.6 $1,926.0 $2,262.3 $2,959.9

- Growth 8.7% 20.6% 10.5% 17.5% 30.8%

Operating income - $ 98.3 111.1 129.2 180.4 267.2

- Margin 6.8% 6.4% 6.7% 8.0% 9.0%

- Growth 0.2% 13.0% 16.3% 39.6% 48.1%

EPS (1) (2) - $/Share 0.74 0.86 1.08 1.57 2.18

- Growth 1.4% 16.2% 25.6% 45.4% 38.9%

Excellent Financial Trends

(1) Beginning in fiscal 2002, goodwill and indefinite-lived assets are no longer amortized under U.S. GAAP. Fiscal 2001 EPS includes $0.10 in charges, net of tax related to this amortization.

(2) Restated for August 2005 two-for-one stock split.

positioned to sustain growth in fiscal 2006
Sales $3.25 - $3.35 billion

% growth 9.8% - 13.2%

Operating

income $297.5 - $310.0 million

% margin 9.2% - 9.3%

% growth 11.3% - 16.0%

EPS $2.40 - $2.50

% growth 10.1% - 14.7%

Expect defense and fire and emergency to report steady growth

Targeting recovery of U.S. margins and a return to profitability in Europe in commercial segment

Positioned to Sustain Growth in Fiscal 2006

Estimates (1)

Outlook

(1) Estimates as of November 1, 2005

favorable fiscal 2007 estimated outlook
Favorable Fiscal 2007 Estimated Outlook
  • While defense downturn is a risk, the likelihood of higher funding for remanufacturing/modularity demands is increasing
  • Fire and emergency and homeland security demand is expected to remain strong
  • 2007 emission standards expected to impact commercial demand, but margin enhancement initiatives should offset much of the impact
  • Expect cost reduction, new product development and acquisition initiatives to realize benefits for 2007
ad