| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------|------------------|--------|------------------|------------------|-----------------------|-------|----------------------|--------------|---------|-----------|-----------------------| | | | | | | | | | | | | | | Other | John Deere 17% | | Other | John Deere 17% | Other | | John Deere 17% | Other | | 17% | John Deere | | 28% Navistar 5% | 16% | Paccar | 28% Navistar 4% | Paccar 14% Volvo | 30% Harley | | Honda 13% ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Noel Ryan - Vallum, Investor Relations Jag Reddy - President and CEO Todd Butz - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Larry De Maria - William Blair Tim Moore - EF Hutton Operator Good morning. And a warm welcome to the Mayville Engineering Company First Quarter 2023 Earnings Call. My name is Candid, and I will be your coordinator for today???s call. A ...

Financial Performance - Net sales for the three months ended March 31, 2023, were $142,645, an increase of $6,393 or 4.7% compared to $136,252 in the same period of 2022[112] - EBITDA for the three months ended March 31, 2023, was $12,550, a decrease of $221 or 1.7% from $12,771 in the same period of 2022[112] - Adjusted EBITDA decreased to $13,840 for the three months ended March 31, 2023, down $932 or 6.3% from $14,772 in the prior year[112] - Net income for the three months ended March 31, 2023, was $2,571, a decrease of $1,251 or 32.7% from $3,822 in the prior year[112] Expenses - Manufacturing margins increased to $16,377 for the three months ended March 31, 2023, up $1,495 or 10.0% from $14,882 in the prior year[113] - Interest expense rose significantly to $1,658 for the three months ended March 31, 2023, an increase of $1,091 or 192.4% compared to $567 in the same period of 2022[121] - Other selling, general and administrative expenses increased to $6,966 for the three months ended March 31, 2023, up $1,241 or 21.7% from $5,725 in the same period of 2022[117] - Profit sharing, bonuses, and deferred compensation expenses increased to $3,003 for the three months ended March 31, 2023, an increase of $455 or 17.9% from $2,548 in the prior year[115] Cash Flow - Net cash used in operating activities increased to $6,043 million for the three months ended March 31, 2023, compared to $425 million in the same period of 2022, representing a 1,322% increase[124] - Cash used in investing activities decreased to $2,255 million for the three months ended March 31, 2023, down from $12,620 million in the same period of 2022, a reduction of 82%[125] - Cash provided by financing activities was $8,297 million for the three months ended March 31, 2023, compared to $13,047 million in the same period of 2022, a decrease of 36%[126] Capital Expenditures - Capital expenditures were $2,408 million for the three months ended March 31, 2023, down from $12,979 million in the same period of 2022, a decrease of $10,571 million[137] - The company expects capital expenditures for the full year 2023 to be between $20,000 million and $25,000 million[137] Debt and Leverage - The company had $118,424 million available under the Revolving Loan as of March 31, 2023, with an additional $100,000 million capacity through an accordion feature[139] - The interest coverage ratio was 9.82 to 1.00 as of March 31, 2023, significantly above the required minimum of 3.00 to 1.00[134] - The consolidated total leverage ratio was 1.44 to 1.00 as of March 31, 2023, below the maximum allowed ratio of 3.25 to 1.00[134] - As of March 31, 2023, the interest rate on outstanding borrowings under the Revolving Loan was 6.19%[132] - A hypothetical 100-basis-point increase in interest rates would result in an additional $0.2 million of interest expense based on the variable rate debt as of March 31, 2023[148] Macroeconomic Conditions - The company experienced macroeconomic conditions including inflationary pressures on wages and manufacturing supplies, while material costs have stabilized[101] - The company’s federal net operating loss (NOL) carryforward was $21,210 as of March 31, 2023, which will be used to offset future pretax income[122]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38894 Mayville Engineering Company, Inc. (Exact name of Registrant as specified in its Charter) Wisconsin 39-094472 ...

March 1, 2023 Disclaimer 2 Fourth Quarter 2022 Highlights • Net sales of $128.5 million, increased 13.8% compared to 4Q21 due to an increase in commercial sales volume and continued price discipline, partially offset by supply chain disruptions affecting some of our customers. • The Company continued the successful roll-out of it's MBX initiatives and during the fourth quarter identified multiple opportunities for margin expansion and profitable growth through a focus on operational excellence and commercia ...

EXPERIENCE YOU CAN TRUST® Investor Presentation November 2022 mecinc.com Disclaimer Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "plan," "continue," "estimate," "expect," "may," "will," "project," "predict," "potential," "targeting, ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Nathan Elwell - IR Jag Reddy - President and CEO Todd Butz - CFO Ryan Raber - EVP, Strategy, Sales and Marketing Conference Call Participants Vlad Bystricky - Citigroup Mig Dobre - Baird Operator Good morning, and thank you for attending today's Mayville Engineering Company 2022 Earnings Conference Call. My name is Daniel and I will be your moderator for today's call [Operator Ins ...

FORM 10-Q (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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: 001-38894 Mayville Engineering Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 3 ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q2 2022 Results Conference Call August 3, 2022 10:00 AM ET Company Participants Nathan Elwell - IR Jag Reddy - President and CEO Todd Butz - CFO Ryan Raber - EVP, Strategy, Sales and Marketing Conference Call Participants Joe Grabowski - Baird Larry De Maria - William Blair Vlad Bystricky - Citigroup Operator Good morning. Thank you for attending today???s Mayville Engineering Company Second Quarter 2022 Earnings Conference Call. My name is Francis, and I???ll b ...

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 SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38894 Mayville Engineering Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-094 ...