First Quarter 2022 Earnings Conference Call April 28, 2022 © 2022 THE SHYFT GROUP, INC. SHYFTGROUP Forward-Looking Statement This presentation contains information, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2022 and future periods, and other statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations that may constitute "forward ...

Delivering. The Road Ahead. © 2022 THE SHYFT GROUP, INC. Raymond James Institutional Investors Conference March 7, 2022 SHY T GROUP Investor Presentation Forward-Looking Statement This presentation contains several forward-looking statements that are not historical facts, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2021 and future periods, and other statements concerning our business, strategic position, financial projections, financial strengt ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q4 2021 Earnings Conference Call February 24, 2022 10:00 AM ET Company Participants Juris Pagrabs - Group Treasurer and Head of IR Daryl Adams - President and CEO Jon Douyard - CFO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Felix Boeschen - Raymond James Michael Shlisky - D.A. Davidson Matthew Koranda - ROTH Capital Partners Christopher McGinnis - Sidoti & Company Operator Good day, and welcome to The Shyft Group's Fourth Quarter and Full Ye ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-K Commission File Number 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan (State or Other Jurisdiction of Incorporation or Organization) 41280 Bridge Street Novi, Michigan (Address of Principal Executive Offices) 48375 (Zip Code) Registrant's Telephone Number, Including Area Code: (517) 543-6400 Securities registered pursuant to Section 12(b) of the Securities Excha ...

Fourth Quarter 2021 Earnings Conference Call February 24, 2022 © 2022 THE SHYFT GROUP, INC. SHYFTGROUP Forward-Looking Statement This presentation contains several forward-looking statements that are not historical facts, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2022 and future periods, and other statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of ...

Financial Data and Key Metrics Changes - The company reported a record revenue of $273 million for Q3 2021, representing a year-over-year growth of 34% [11][18] - Income from continuing operations was $21 million, or $0.58 per share, reflecting an 8% increase compared to the previous year [11][18] - Gross margin for the quarter was 20.6%, consistent with year-to-date levels, despite challenges from inflation and supply chain disruptions [18][21] - Adjusted EBITDA from continuing operations increased to $33.7 million, up from $32.6 million last year, with an adjusted EBITDA margin of 12.4% [21][18] Business Line Data and Key Metrics Changes - Fleet Vehicles & Services (FVS) segment achieved revenue of $198.5 million, up 36.7% from $145.2 million a year ago, driven by strong demand for parcel delivery vehicles [22] - Specialty Vehicles (SV) segment sales were $74.1 million, an increase of 27.1% year-over-year, with adjusted EBITDA of $5.8 million [24] - FVS backlog increased by 15% sequentially and 231% year-over-year, while SV backlog rose 82% to $94 million [23][24] Market Data and Key Metrics Changes - The company received an add-on order from USPS for 447 truck bodies, representing $53 million in revenue, with production expected to begin in Q2 2022 [12] - Demand for refrigerated delivery vehicles is increasing, with over 500 units ordered from grocery chains [13] - The luxury motor coach chassis market share increased to 31%, with a peak of 37% in August [15] Company Strategy and Development Direction - The company is focused on expanding production capabilities and leveraging flexible manufacturing strategies to meet growing demand [13][14] - Shyft Innovations is dedicated to developing electric vehicle chassis and new walk-in van body designs, with a new R&D facility opened [16] - The company aims to continue investing in operations and technologies to drive future growth while managing supply chain challenges [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges but expressed optimism about underlying demand for products and the ability to sustain growth [26] - The company raised its 2021 guidance for revenue to $950 million and adjusted EBITDA to $109 million, reflecting confidence in performance [27] - Management expects inflation and supply constraints to persist into 2022 but is taking actions to mitigate impacts [26] Other Important Information - The company was named in the 2021 Fortune 100 Fastest-growing Companies list, highlighting its strong performance and resilience [10] - The divestiture of the Emergency Response business has been reflected in the financial results as discontinued operations [7] Q&A Session Summary Question: Margin performance and inflation impacts - Management acknowledged headwinds from product cost and labor inflation but noted efforts to manage pricing and supply constraints [34][35] Question: USPS order and backlog clarification - The $53 million USPS order is included in the FVS backlog, with healthy trends in order flow across various products [37][38] Question: Supply chain improvements - Management indicated that supply chain conditions remain challenging, with no significant improvements expected in the near term [44] Question: Capital allocation and acquisition strategy - The company continues to explore acquisition opportunities but has not executed any recent deals due to market conditions [46][48] Question: Manufacturing capacity and expansion plans - Management is considering expanding facilities in Pennsylvania and Kansas City to accommodate growth [52][54] Question: Grocery market opportunities - The company is actively engaging with grocery customers to provide tailored delivery solutions, recognizing the evolving market needs [56][59] Question: Velocity product lineup and chassis updates - The Ram chassis is ready for production, with expectations for orders in early 2022, while Mercedes orders are also in the backlog [61][62] Question: Specialty Vehicles margins recovery - Management expects to see incremental improvements in margins as pricing actions take effect and backlog is processed [64]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ 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 SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan (State or Other Jurisdiction of Incorporat ...

Second Quarter 2021 Earnings Conference Call August 5, 2021 © 2021 THE SHYFT GROUP, INC. SHYFTGROUP Forward-Looking Statement This presentation contains several forward-looking statements that are not historical facts, including our revenue and earnings guidance, all other information provided with respect to our outlook for 2021 and future periods, and other statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of ou ...

The Shyft Group, Inc. (NASDAQ:SHYF) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Juris Pagrabs - Group Treasurer & Head of Investor Relations Daryl Adams - President & Chief Executive Officer Jon Douyard - Chief Financial Officer Conference Call Participants Steve Dyer - Craig-Hallum Matt Koranda - ROTH Capital Mike Shlisky - D.A. Davidson Operator Good morning, and welcome to the Shyft Group Second Quarter 2021 Earnings Results Conference Call. All participants will be i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021. 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 001-33582 THE SHYFT GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan (State or Other Jurisdiction of Incorporation o ...