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, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-54799 HYSTER-YALE MATERIALS HANDLING, INC. (Exact name of registrant as specified in its charter) Delaware 31-163 ...

Financial Performance & Outlook - Hyster-Yale achieved record quarterly revenues of $985.2 million in Q4 2022[11] - Hyster-Yale's Q4 2022 net income was $7.6 million, showing better-than-expected profitability[16] - The average sales price per unit in backlog increased by approximately 34% from Q4 2021[16] - Hyster-Yale anticipates a significant increase in revenues and substantial operating profit in 2023[93] - Hyster-Yale expects increased margins and higher operating profit in 2023 compared to 2022[93] Segment Performance (Q4 2022) - Lift Truck segment revenue reached $938.0 million with an operating profit of $27.2 million and adjusted EBITDA of $36.8 million[19] - Bolzoni's revenue was $92.0 million, with an operating profit of $2.0 million and adjusted EBITDA of $5.1 million[19] - Nuvera's revenue was $1.3 million, with an operating loss of $9.3 million and adjusted EBITDA of -$9.1 million[19] Market Dynamics & Strategy - Hyster-Yale's backlog decreased by approximately 10% from its peak in Q1 2022[11] - Hyster-Yale's sales in the Americas accounted for approximately 67.8% of total sales in 2022[18] - Hyster-Yale is focused on core strategies to transform its competitiveness, market position, and economic performance[16]

Financial Data and Key Metrics Changes - The company reported consolidated revenues of $985 million for the fourth quarter, a record high, representing a nearly 19% increase year-over-year [94] - The consolidated operating profit for the fourth quarter was approximately $20 million, a significant improvement from an operating loss of $107 million in the same quarter of the previous year [96] - Net income for the fourth quarter was $7.6 million compared to a net loss of $103 million in the prior year [97] Business Line Data and Key Metrics Changes - The lift truck business generated an operating profit of $27 million in the fourth quarter, compared to an operating loss of $93 million in the prior year [98] - Bolzoni reported an operating profit of $2 million in the fourth quarter, recovering from a loss of approximately $2 million in the previous year [101] - Nuvera's operating loss decreased to about $9 million in the fourth quarter, an improvement from a loss of $11 million in the prior year [102] Market Data and Key Metrics Changes - The global lift truck market is expected to decrease in each quarter of 2023 compared to 2022, although it should remain above pre-pandemic levels [82] - Lift truck bookings decreased in the fourth quarter compared to the previous year, attributed to a focus on solid margin orders and extended lead times [83] - The average sales price of a backlog unit increased by nearly 35% year-over-year and almost 7% sequentially [86] Company Strategy and Development Direction - The company aims to improve profitability by focusing on higher margin backlog units and increasing production rates throughout 2023 [108] - Strategic initiatives include the introduction of modular and scalable products and advancements in truck electrification and technology [120] - The company is working closely with suppliers to ensure a consistent flow of materials and minimize disruptions [111] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, expecting continued gains from higher margin backlog units and substantial operating profit in 2023 [108] - The company anticipates a significant increase in cash flow before financing activities in 2023 compared to 2022 [113] - Management noted that the current order cancellation rate is low, reflecting ongoing demand for new replacement lift trucks [89] Other Important Information - The company generated positive cash flow before financing activities of $5 million in 2022, a significant improvement from a nearly $280 million use of cash in the previous year [105] - The company ended 2022 with cash on hand of $59 million and total debt of $553 million, showing a modest increase in net debt sequentially [106] - The company is focused on reducing inventory levels as production ramps up, which is expected to lead to a significant reduction in inventory days on hand by year-end [107] Q&A Session Summary Question: Can you speak to the cadence of operating profit improvement as you work through the lower margin backlog? - Management indicated that improvements are expected to build on the fourth quarter of 2022, with the majority of lower margin units produced in the first half of 2023 [119] Question: How is the company addressing the challenges in Europe? - Management acknowledged ongoing supply chain issues in Europe but expressed confidence in gradually increasing production volumes as these challenges are addressed [2][4] Question: What are the expectations for Bolzoni in relation to lift truck sales? - Management stated that Bolzoni's performance is closely tied to lift truck sales, and as shipments rise, Bolzoni is expected to benefit from increased demand [40]

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, 2022 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Rajiv Prasad - President Scott Minder - Senior Vice President, Chief Financial Officer and Treasurer Alfred Rankin - Chairman & CEO Kenneth Schilling - SVP and Special Financial Advisor to the Chairman Conference Call Participants Chip Moore - EF Hutton Stephen Ferazani - Sidoti & Company Brett Kearney - Gabelli & Company William Nicklin - Ci ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Christina Kmetko - Investment Relations Alfred Rankin - Chairman & CEO Rajiv Prasad - President Kenneth Schilling - SVP, CFO & Treasurer Conference Call Participants Steve Ferazani - Sidoti & Company Chip Moore - EF Hutton Brett Kearney - GAMCO Investors Benjamin Thelen - Arosa Capital William Nicklin - Circle N Advisors Operator Hello, and welcome to the Hyster-Yale Q2 2022 Earnin ...

Q2 2022 INVESTOR PRESENTATION Transforming the way the world moves materials from Port to Home (rymaximal NUVERA Delivering tailored solutions through a portfolio of exceptional brands 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 F ...

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: June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants Christina Kmetko - IR Alfred Rankin - Chairman and CEO Rajiv Prasad - President Kenneth Schilling - SVP and CFO Conference Call Participants Steve Ferazani - Sidoti & Company Chip Moore - EF Hutton Brett Kearney - Gabelli Funds Operator Good day, and thank you for standing by, and welcome to the Hyster-Yale Quarter 1 2022 Earnings Conference Call. At this time all participants are in ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...