Financial Data and Key Metrics Changes - Consolidated revenues for Q4 2020 decreased to $719.6 million, down 13.8% from the previous year, primarily due to lower shipments resulting from the pandemic [11] - Operating profit increased significantly to $13.7 million from $8.1 million in the prior year quarter, attributed to lower operating expenses [11] - Net income rose to $13.1 million or $0.78 per share from $3.4 million or $0.20 per share in the prior year quarter [12] Business Line Data and Key Metrics Changes - Lift truck business revenues decreased 14.3% to $683.9 million from $798.2 million in 2019, mainly due to fewer shipments in the Americas and EMEA segments [12] - Operating profit in the lift truck business increased 37.9% from the prior year quarter, mainly due to lower operating expenses and European government subsidies [13] - Bolzoni segment revenues decreased 21.5%, reporting an operating loss of $1.3 million compared to an operating profit of $500,000 in Q4 2019 [14] Market Data and Key Metrics Changes - The global lift truck market increased 9.3% compared to Q4 2019, with a significant increase in bookings in December 2020 [16] - Excluding China, the global lift truck market grew 9.3%, while China saw a 56% increase over the prior year [16] - The backlog level was close to pre-pandemic levels due to strong bookings in Q4 2020 [17] Company Strategy and Development Direction - The company continues to execute long-term strategic initiatives despite near-term economic volatility, focusing on cost containment and operational efficiency [18] - New product introductions are prioritized, including a modular, scalable product family for both internal combustion engine and electric trucks, with a launch expected in Q2 2021 [19] - Bolzoni is enhancing its North America growth strategy by introducing locally produced attachments and implementing a streamlined organizational approach [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market recovery but acknowledged ongoing challenges such as supply chain constraints and cost inflation [24][28] - The company plans to increase capital expenditures to approximately $71 million in 2021, up from $51.7 million in 2020, while maintaining liquidity [33] - Future bookings and shipments remain uncertain due to the pandemic's impact, but management expects improved conditions as vaccinations become widespread [30][32] Other Important Information - The company recognized a restructuring charge of approximately $4.4 million in Q4 2020, with anticipated annual benefits of approximately $10.4 million starting in 2022 [26] - Cash on hand increased to $151.4 million at year-end 2020, with unused borrowing capacity of approximately $266.4 million under existing revolving credit facilities [34] Q&A Session Summary Question: How can we think about 2021 sales compared to pre-pandemic 2019 sales? - Management highlighted uncertainty in forecasting due to pandemic impacts but noted strong bookings and backlog returning to pre-pandemic levels [41][42] Question: Can you quantify the percentage of costs that are going to be reinstated in the earlier part of the year? - Management indicated that a significant portion of cost savings programs have been reinstated, particularly salaries and benefits, but efforts to hold costs down will continue [44][45] Question: What is the outlook for Nuvera and its market potential? - Management expressed confidence in Nuvera's growth potential and ongoing efforts to build commercial operations globally, including traction in various markets [49][53]

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, 2020 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 incorporation or orga ...

HYSTER-YALE MATERIALS HANDLING Mass Customization Bank of America 2020 Leveraged Finance Virtual Conference Electrification Automation Digitization Globalization 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- ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q3 2020 Earnings Conference Call November 4, 2020 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Al Rankin - Chairman, President and Chief Executive Officer Rajiv Prasad - President and Chief Executive Officer, Hyster-Yale Group, Inc. Ken Schilling - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Sesser - DWS Mike Shlisky - Colliers Securities Operator Thank you for standing by, and welcome to the ...

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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...

HYSTER-YALE MATERIALS HANDLING Mass Customization SIDOTI FALL 2020 VIRTUAL Electrification Automation Digitization INVESTOR CONFERENCE Globalization 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) ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2020 Earnings Conference Call August 5, 2020 11:00 AM ET Corporate Participants Christina Kmetko - Investment Relations Al Rankin - Chairman, President and Chief Executive Officer Rajiv Prasad - President and Chief Executive Officer, Hyster-Yale Group, Inc. Ken Schilling - Senior Vice President and Chief Financial Officer Conference Call Participants Joseph Mondillo - Sidoti & Co. Operator Ladies and gentlemen, thank you for standing by, and welcome to the ...

Financial Performance - Total revenues for the second quarter of 2020 were $654.4 million, a decrease of 23.6% compared to $856.2 million in the same period of 2019[8] - Gross profit for the second quarter of 2020 was $103.6 million, down 25.7% from $139.4 million in the second quarter of 2019[8] - Net income attributable to stockholders for the second quarter of 2020 was $3.6 million, a decline of 77.8% compared to $16.2 million in the same quarter of 2019[8] - Basic earnings per share for the second quarter of 2020 were $0.21, down from $0.97 in the same quarter of 2019[8] - The net income for the quarter ending June 30, 2020, was $3.6 million, compared to $16.2 million for the same period in the previous year, reflecting a decrease of approximately 77.8%[12] - The Company reported total revenues of $654.4 million for the three months ended June 30, 2020, with significant contributions from dealer sales ($346.9 million) and aftermarket sales ($118.2 million) [33] - Revenues decreased by 23.6% to $654.4 million in Q2 2020 from $856.2 million in Q2 2019, primarily due to lower unit and parts volumes across all geographic segments[94] - Net income attributable to stockholders was $3.6 million in Q2 2020, a decrease of 77.8% from $16.2 million in Q2 2019[8] - Diluted earnings per share dropped by 78.4% to $0.21 in Q2 2020 from $0.97 in Q2 2019[90] - Operating profit decreased by 62.0% to $8.7 million in Q2 2020 compared to $22.9 million in Q2 2019, mainly due to lower gross profit[95] Assets and Liabilities - Total assets decreased to $1,734.9 million as of June 30, 2020, from $1,847.2 million as of December 31, 2019, representing a decline of 6.1%[7] - Total liabilities decreased to $1,171.2 million as of June 30, 2020, down from $1,270.2 million as of December 31, 2019, a reduction of 7.8%[7] - Cash and cash equivalents at the end of the second quarter of 2020 were $60.5 million, a decrease from $64.6 million at the end of 2019[11] - The total stockholders' equity as of June 30, 2020, was $563.7 million, down from $570.1 million as of March 31, 2020[12] Cash Flow and Dividends - The company reported a net cash used for operating activities of $12.0 million for the six months ended June 30, 2020, compared to $70.9 million for the same period in 2019[11] - Cash dividends declared during the quarter totaled $5.3 million, a slight increase from $5.2 million in the previous quarter[12] - The company paid cash dividends of $10.6 million during the six months ended June 30, 2020, compared to $10.4 million in the same period of 2019[11] Cost Management and Operational Efficiency - The company plans to continue focusing on cost management and operational efficiency to navigate the current market challenges[8] - The Company has initiated several cost reduction measures, including spending and travel restrictions, significant reductions in temporary personnel, and salary reductions, to ease liquidity pressure over the next twelve months [21] - The Company has realized approximately $28 million in cost savings through June 30, 2020, as part of a broader initiative targeting $50 million to $75 million in operating expense savings for 2020[132] Market and Production Adjustments - Production was significantly reduced or suspended at the Company's Chinese and European facilities during the first half of 2020 due to the adverse effects of COVID-19 on economic activity and demand for products [21] - The Company has adjusted production levels at its manufacturing plants to align with reduced demand and is working closely with suppliers to ensure continuity when the market improves [21] - The global lift truck market decreased by 22% in Q2 2020 compared to Q1 2020 and 25% compared to Q2 2019 due to pandemic-related shutdowns[127] Revenue Recognition and Accounting - The Company recognizes revenue when control of the trucks, parts, or services is transferred to the customer, with payment terms varying by customer type and location [27] - The Company’s financial statements are prepared in accordance with U.S. generally accepted accounting principles, and all necessary adjustments for fair presentation have been included [22] - The Company is currently evaluating the impact of recently issued accounting standards on its financial position and results of operations [24] Inventory and Manufacturing - The company reported a total inventory of $521.4 million as of June 30, 2020, down from $559.9 million at the end of 2019, reflecting a decrease of approximately 6.8%[63] - The company’s finished goods and service parts inventory increased to $280.5 million as of June 30, 2020, from $276.2 million at the end of 2019, reflecting an increase of approximately 0.8%[63] - The company’s total manufactured inventories decreased from $608.8 million at December 31, 2019, to $571.1 million at June 30, 2020, a decline of approximately 6.2%[63] Subsidiaries and Joint Ventures - Hyster-Yale's subsidiary, Nuvera Fuel Cells, focuses on developing hydrogen fuel-cell technology, which is a key area of innovation for the company[19] - The company continues to expand its market presence through its subsidiary Bolzoni, which specializes in lift-truck attachments and industrial material handling solutions[18] - The Company operates a 50%-owned joint venture, Sumitomo NACCO Forklift Co., Ltd., which has manufacturing facilities in Japan, the Philippines, and Vietnam [20] Tax and Legal Matters - The reported income tax rate for the first half of 2020 was 8.4%, down from 22.7% in the same period of 2019[44] - The company recognized a discrete tax benefit of $4.3 million related to uncertain tax positions during Q2 2020[44] - The company’s Brazilian legal advisors estimated a refund of approximately $18 million related to overpaid taxes, based on a favorable judicial decision[71]

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: March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2020 decreased to $785.7 million, down 5.9% from the previous year, primarily due to lower market volume in Europe and China and the impact of COVID-19 [10] - Consolidated operating profit increased to $20.2 million from $3.4 million last year, mainly due to improved earnings in the Lift Truck business' Americas segment [10] - Net income improved to $15.3 million or $0.91 per share from $3.4 million or $0.20 per share in the prior year quarter [10][11] Business Line Data and Key Metrics Changes - Lift Truck business revenues decreased to $747.4 million from $788 million in 2019, primarily due to lower shipments in EMEA and JAPIC, partially offset by higher shipments in the Americas [13] - Bolzoni segment reported net income of $2.7 million and revenues of $87.9 million, compared to net income of $300,000 and revenues of $91.8 million in the previous year [16] - Nuvera's revenues were $1.4 million, down from $4.5 million in the prior year, attributed to reduced development funding and fewer sales of fuel cell battery box replacements [17] Market Data and Key Metrics Changes - The global Lift Truck market decreased by 12% in Q1 2020 compared to Q4 2019, largely due to the initial impact of COVID-19 in China [23] - Significant decline in bookings anticipated in Q2 across all geographic regions due to widespread lockdown measures [24] Company Strategy and Development Direction - The company is focused on aggressive cost containment actions, targeting $80 million to $110 million in operating expense savings for 2020 [26] - Strategic programs are still moving forward, but some projects have been delayed to reduce operating expenses and capital expenditures [28] - The company is navigating through the crisis with a substantial backlog, which provides production support for the remainder of 2020 [30] Management's Comments on Operating Environment and Future Outlook - The management indicated that the global economy is likely entering a deep recession due to COVID-19, with uncertainty regarding the duration and severity of the downturn [19] - The impact of COVID-19 on financial and operational results will depend on the severity and duration of the economic downturn and its effect on demand for products [20] - Management expects different industries to recover at varying rates, with a focus on monitoring individual markets [36] Other Important Information - The company is implementing health and safety protocols to protect employees while maintaining operations [25] - As of March 31, 2020, the company had a cash position of $50 million and debt of $340.1 million, with unused borrowing capacity of approximately $194 million [29] Q&A Session Summary Question: Regarding the cost actions taken, how much of these cost cuts are permanent? - Management stated that if conditions return to pre-COVID-19 levels, they would want to reinstate expenses, but if conditions do not improve, they will not restore the full cost structure [34] Question: Have any signs of stabilization been noticed since the severe weeks in April? - Management indicated it is too early to see any real indications of stabilization, with different regions reopening at different rates [35] Question: Can you provide an update on Nuvera and the Chinese bus customer? - Management noted that discussions with regional governments about switching to fuel cell-based solutions are ongoing, and activities have resumed post-COVID-19 [44] Question: How have order trends been geographically? - Management observed that April was severely impacted by COVID-19 lockdowns, with no significant differences in order trends across regions [45]