Q4 2021 INVESTOR PRESENTATION DI HYSTER-YALE TRANSFORMING HYSTER-YALE AN INDUSTRY APPROACH Safe Harbor Statement & Disclosure This presentation includes forward-looking comments subject to important risks and uncertainties. It may also contain financial measures that are not in conformance with accounting principles generally accepted in the United States of America (GAAP). Refer to Hyster-Yale's reports filed on Forms 8-K (current), 10-Q (quarterly), and 10-K (annual) for information on factors that could ...

Financial Data and Key Metrics Changes - The company reported a consolidated revenue increase of 15.3% year-over-year, reaching $829.7 million compared to $719.6 million in the prior year [16] - Despite higher revenues, the company faced an operating loss of $107 million, a significant decline from an operating profit of $13.7 million in the prior year [17] - The consolidated net loss was $103.3 million, compared to a net income of $13.1 million in the prior year quarter [20] Business Line Data and Key Metrics Changes - Lift Truck bookings increased by 16.5% year-over-year but decreased by 10.5% from the third quarter, totaling 33,200 units [15] - The Lift Truck business, excluding goodwill impairment, reported an adjusted operating loss of $37.6 million compared to an operating profit of $24.4 million in the prior year [20][21] - Bolzoni's revenues increased by 36.9% year-over-year, but it still reported an operating loss of $2.2 million [23] Market Data and Key Metrics Changes - The global lift truck market grew by more than 15% year-over-year, but growth moderated compared to the first nine months of the year [26] - The EMEA market saw a significant increase of nearly 19%, while the Americas market experienced a 12.5% decrease [26] Company Strategy and Development Direction - The company aims to introduce new modular and scalable products and transform its sales approach to meet customer needs [35] - Strategic initiatives include ramping up fuel cell capabilities and optimizing manufacturing operations [80] - The company expects to achieve significant operating profit and net income in 2023, driven by improved margins and backlog management [45][92] Management Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges but expressed optimism about improving conditions in the second half of 2022 [41][44] - The company anticipates continued material cost inflation but expects to manage these through price increases and operational efficiencies [42][91] - Management emphasized the importance of maintaining liquidity and managing capital expenditures during this challenging period [49] Other Important Information - The company recorded a non-cash goodwill impairment charge of $55.6 million in the JAPIC segment due to supply chain disruptions [17] - Cash on hand at the end of the quarter was $65.5 million, with total debt of $518.5 million [51] Q&A Session Summary Question: Trends in lift truck gross margins for Q1 and Q2 - Management indicated that gross margins are expected to improve as production increases and supply chain issues lessen [59][60] Question: Improvement in deliveries despite holiday season - Management attributed improved deliveries to effective inventory management and a large backlog of trucks [62][66] Question: Working capital trends and liquidity - Management expressed confidence in liquidity, expecting inventory levels to decrease as production ramps up [69][70] Question: Strategic investments and delays - Management confirmed that while some strategic investments have been delayed, critical programs remain funded [80][84] Question: Main supply chain constraints - Management highlighted ongoing issues with electronics and wiring systems as primary constraints affecting production [108][109] Question: Nuvera's growth potential and partnerships - Management discussed the importance of collaboration in the hydrogen business and the potential for strategic partnerships [117][119]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-54799 HYSTER-YALE MATERIALS HANDLING, INC. (Exact name of registrant as specified in its charter) | Delaware | 31-1637659 | | --- | --- | | (State or other jurisdiction of ...

Q HYSTER-YALE Bank of America Leveraged Finance Conference Tuesday, November 30, 2021 TRANSFORMING HYSTER-YALE AN INDUSTRY APPROACH Safe Harbor Statement & Disclosure This presentation includes forward-looking comments subject to important risks and uncertainties. It may also contain financial measures that are not in conformance with accounting principles generally accepted in the United States of America (GAAP). Refer to Hyster-Yale's reports filed on Forms 8-K (current), 10-Q (quarterly), and 10-K (annua ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q3 2021 Earnings Conference Call November 3, 2021 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Al Rankin - Chairman and Chief Executive Officer Rajiv Prasad - President Ken Schilling - Senior Vice President and Chief Financial Officer Conference Call Participants Chip Moore - EF Hutton Steve Ferazani - Sidoti & Company Brett Kearney - Gabelli Funds Operator Good day. And thank you for standing by. Welcome to the Hyster-Yale Third Quart ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2021 Results Conference Call August 4, 2021 11:00 AM ET Company Participants Christina Kmetko - IR Al Rankin - Chairman and CEO Rajiv Prasad - President Ken Schilling - SVP and CFO Conference Call Participants Steve Ferazani - Sidoti & Company Brett Kearney - Gabelli Funds Operator Good day, and thank you for standing by, and welcome to the Hyster-Yale Q2 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speak ...

| Part I. | FINANCIAL | | Number | | --- | --- | --- | --- | | | INFORMATION | | | | | Item 1 | Financial Statements | | | | | Unaudited Condensed Consolidated Balance Sheets | 2 | | | | Unaudited Condensed Consolidated Statements of Operations | 3 | | | | Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) | 4 | | | | Unaudited Condensed Consolidated Statements of Cash Flows | 5 | | | | Unaudited Condensed Consolidated Statements of Changes in Equity | 6 | | | | Notes to Unaudited Co ...

Financial Data and Key Metrics Changes - In Q1 2021, consolidated revenues decreased by 6.8% to $732.2 million from $785.7 million in Q1 2020, primarily due to lower shipments in the Americas [16][18] - Consolidated net income fell to $5.6 million or $0.33 per share, down from $15.3 million or $0.91 per share in the prior year [18] - Operating profit decreased to $3.1 million from $20.2 million in the prior year, impacted by increased material costs and manufacturing variances [17][18] Business Line Data and Key Metrics Changes - In the Lift Truck business, operating profit decreased by $2.2 million from $28 million in the prior year quarter due to supply chain challenges [19] - Bolzoni's revenues decreased by 9.6%, with operating profit dropping to $8,000 from $2.7 million in the prior year [19][20] - Nuvera experienced a revenue decrease and an increase in operating loss to $9.8 million from $9.4 million in the previous year [21] Market Data and Key Metrics Changes - The global lift truck market grew significantly, with a 46% increase compared to Q1 2020, excluding China [24] - In Q1 2021, the global lift truck market, including China, increased by 20% compared to Q4 2020, driven by strong demand in EMEA and the Americas [25] - Despite increased bookings, unit shipments were lower than Q1 2020 due to production rate adjustments to match component availability [26] Company Strategy and Development Direction - The company is focusing on strategic projects to enhance market share and has introduced new modular product families for both internal combustion and electric trucks [31][32] - Bolzoni is implementing a "One Company Three Brands" approach to streamline operations and strengthen its North American presence [34] - Nuvera is concentrating on heavy-duty applications and accelerating commercialization of its hydrogen engines [36] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain disruptions significantly impacted production and material costs, leading to lower earnings in Q1 2021 [8][10] - The company expects market growth to moderate but anticipates increased bookings for the full year compared to 2020 [28][29] - Future production levels are uncertain due to ongoing supply chain challenges, but management is optimistic about resolving these issues in the second half of the year [43][44] Other Important Information - The company reinstated pre-pandemic salaries and benefits effective January 1, 2021, while continuing other cost containment measures [39] - As of March 31, 2021, the company had cash on hand of $103 million and debt of $285.4 million, with unused borrowing capacity of approximately $265.3 million [50] Q&A Session Summary Question: Did supply chain constraints become more challenging as Q1 progressed? - Management indicated that while challenges persisted throughout the quarter, visibility into the supply chain improved over time, with specific issues being addressed [58][62] Question: How sticky is the backlog? - Management expressed confidence that the majority of the backlog is stable, as customers are aware of lead times and market challenges [65][67] Question: What is the impact of tariff exclusions? - Management highlighted concerns regarding the lack of a tariff exclusion process under the new administration, which could lead to increased costs [73][74] Question: What opportunities exist for Nuvera? - Management noted increased opportunities for product demonstrations, particularly in heavy-duty vehicle markets, with traction seen in Europe and North America [84][86]

Part I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The company presents its unaudited condensed consolidated financial statements for the quarter ended March 31, 2021 [Unaudited Condensed Consolidated Financial Statements](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Q1 2021 financials show a slight asset increase, a sharp decline in net income, and negative operating cash flow Condensed Consolidated Balance Sheets | | MARCH 31, 2021 | DECEMBER 31, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $1,185.0 million | $1,129.7 million | | **Total Assets** | $1,874.1 million | $1,859.5 million | | **Total Current Liabilities** | $823.2 million | $755.9 million | | **Total Liabilities** | $1,258.3 million | $1,208.4 million | | **Total Equity** | $615.8 million | $651.1 million | Condensed Consolidated Statements of Operations | | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | **Revenues** | $732.2 million | $785.7 million | | **Gross Profit** | $118.4 million | $136.7 million | | **Operating Profit** | $3.1 million | $20.2 million | | **Net Income Attributable to Stockholders** | $5.6 million | $15.3 million | | **Diluted Earnings per Share** | $0.33 | $0.91 | Condensed Consolidated Statements of Cash Flows | | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | **Net cash used for operating activities** | ($47.1) million | ($45.7) million | | **Net cash provided by (used for) investing activities** | $9.5 million | ($17.4) million | | **Net cash provided by (used for) financing activities** | ($8.0) million | $53.1 million | | **Cash and Cash Equivalents, end of period** | $103.0 million | $50.4 million | [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the negative impact of the COVID-19 pandemic, including supply chain constraints and cost inflation - In Q1 2021, the company experienced **pandemic-related supply chain constraints**, component shortages, shipping issues, and **significant material cost inflation**[21](index=21&type=chunk)[83](index=83&type=chunk) Revenues by Segment | Segment | Q1 2021 Revenue | Q1 2020 Revenue | | :--- | :--- | :--- | | Americas | $459.7 million | $550.7 million | | EMEA | $170.7 million | $152.1 million | | JAPIC | $60.5 million | $44.6 million | | Bolzoni | $79.5 million | $87.9 million | | Nuvera | $0 million | $1.4 million | Operating Profit (Loss) by Segment | Segment | Q1 2021 Operating Profit (Loss) | Q1 2020 Operating Profit (Loss) | | :--- | :--- | :--- | | Americas | $14.6 million | $38.5 million | | EMEA | $0.1 million | ($4.5) million | | JAPIC | ($2.5) million | ($6.0) million | | Bolzoni | $0.8 million | $2.7 million | | Nuvera | ($9.8) million | ($9.4) million | - As of March 31, 2021, the company had total recourse or repurchase obligations of **$120.6 million** related to financing arrangements[73](index=73&type=chunk) - The company sold its investment in OneH2, Inc for **$15.7 million** during Q1 2021, recognizing a gain of **$4.6 million**[78](index=78&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the significant Q1 2021 performance decline to supply chain constraints and cost inflation [Financial Review](index=24&type=section&id=Financial%20Review) Q1 2021 revenues and operating profit declined sharply due to lower volumes and significant cost inflation Key Financial Metrics | Metric | Q1 2021 | Q1 2020 | % Change | | :--- | :--- | :--- | :--- | | **Revenues** | $732.2 M | $785.7 M | (6.8)% | | **Gross profit** | $118.4 M | $136.7 M | (13.4)% | | **Operating profit** | $3.1 M | $20.2 M | (84.7)% | | **Net income attributable to stockholders** | $5.6 M | $15.3 M | (63.4)% | Bookings and Backlog | Metric | Q1 2021 | Q1 2020 | | :--- | :--- | :--- | | **Unit Bookings (thousands)** | 42.4 | 19.4 | | **Unit Backlog, end of period (thousands)** | 60.7 | 37.3 | | **Backlog, approx. sales value** | $1,520 million | $960 million | - The decrease in operating profit was mainly due to a **$17.1 million decline** in lift truck gross profit and a **$1.9 million decrease** from Bolzoni operations[94](index=94&type=chunk) [Liquidity and Capital Resources](index=27&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity tightened with decreased cash, though it maintained access to significant credit facilities - Net cash used for operating activities increased slightly to **$47.1 million** in Q1 2021 from $45.7 million in Q1 2020, primarily due to lower net income[100](index=100&type=chunk)[101](index=101&type=chunk) - As of March 31, 2021, the company had **$235.5 million available** under its $240.0 million secured revolving credit facility and was in compliance with all debt covenants[104](index=104&type=chunk)[106](index=106&type=chunk) Key Liquidity and Capitalization Metrics | | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $103.0 million | $151.4 million | | **Total debt** | $285.4 million | $289.2 million | | **Total equity** | $615.8 million | $651.1 million | | **Debt to total capitalization** | 32% | 31% | [Business Prospects](index=29&type=section&id=Business%20Prospects) Management expects near-term headwinds from supply chain issues but anticipates improved Q2 2021 results - Lift truck markets grew significantly faster than anticipated in Q1 2021, leading to a substantial increase in the company's bookings and a **record-high backlog**[115](index=115&type=chunk)[121](index=121&type=chunk) - **Production headwinds** from supply chain constraints, **significant material cost inflation**, and higher freight costs are expected to continue into Q2 and Q3 2021[121](index=121&type=chunk) - Operating profit and net income in Q2 2021 are expected to be **significantly higher** than the very low results of Q2 2020 and Q1 2021[122](index=122&type=chunk) - Long-term strategy focuses on key initiatives expected to have a **transformational impact** on competitiveness and performance[126](index=126&type=chunk)[127](index=127&type=chunk)[131](index=131&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=32&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports no material changes to its market risk exposures since its 2020 Annual Report - There have been **no material changes** in the Company's market risk exposures since December 31, 2020[138](index=138&type=chunk) [Item 4. Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2021 - Based on an evaluation, the principal executive and financial officers concluded that the Company's disclosure controls and procedures were **effective**[140](index=140&type=chunk) - During the first quarter of 2021, there were **no changes** in the Company's internal control over financial reporting that materially affected its internal controls[141](index=141&type=chunk) Part II. OTHER INFORMATION [Item 1. Legal Proceedings, Item 1A. Risk Factors, and Other Items](index=33&type=section&id=Item%201.%20Legal%20Proceedings%2C%20Item%201A.%20Risk%20Factors%2C%20and%20Other%20Items) The company reports no new legal proceedings or material changes to previously disclosed risk factors - The company reports **no new legal proceedings**[142](index=142&type=chunk) - There have been **no material changes** from risk factors previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020[142](index=142&type=chunk)