Enhanced Investments - Financial Portal

Published: 2021-02-24 17:10:07 ET

EX-99 2 hydataschedule123120ex99.htm EX-99 Document

EXHIBIT 99


Hyster-Yale Materials Handling, Inc.
(in millions, except percentage data)

	Backlog (in thousands)
	Q1	Q2	Q3	Q4	FY
2019	40.2	44.1	43.4	41.2	41.2
2020	37.3	31.5	33.6	40.6	40.6

	Unit Shipments (in thousands)
	Q1	Q2	Q3	Q4	FY
2019	25.7	26.3	23.5	24.8	100.3
2020	23.3	20.1	20.6	21.5	85.5

	Revenues - Americas						Revenues - Americas - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	534.5	537.7	505.8	545.3	2,123.3	2019	7.8	%	14.0	%	0.4	%	5.7	%	6.8	%
2020	550.7	454.8	426.9	458.8	1,891.2	2020	3.0	%	-15.4	%	-15.6	%	-15.9	%	-10.9	%

	Revenues - EMEA						Revenues - EMEA - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	190.1	202.1	161.7	197.3	751.2	2019	-3.9	%	5.8	%	-6.1	%	-5.0	%	-2.3	%
2020	152.1	120.1	143.8	172.6	588.6	2020	-20.0	%	-40.6	%	-11.1	%	-12.5	%	-21.6	%

	Revenues - JAPIC						Revenues - JAPIC - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	63.4	72.9	57.8	55.6	249.7	2019	28.1	%	26.8	%	-10.7	%	-21.0	%	3.1	%
2020	44.6	48.0	48.0	52.5	193.1	2020	-29.7	%	-34.2	%	-17.0	%	-5.6	%	-22.7	%

	Revenues - Bolzoni						Revenues - Bolzoni - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	91.8	90.8	75.8	87.0	345.4	2019	2.6	%	3.2	%	-10.2	%	-0.1	%	-1.0	%
2020	87.9	64.2	63.3	68.3	283.7	2020	-4.2	%	-29.3	%	-16.5	%	-21.5	%	-17.9	%

	Revenues - Nuvera						Revenues - Nuvera - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	4.5	2.2	2.4	1.0	10.1	2019	n.m.		n.m.		n.m.		n.m.		n.m.
2020	1.4	0.7	0.7	1.1	3.9	2020	n.m.		n.m.		n.m.		n.m.		n.m.

	Revenues - Consolidated						Revenues - Consolidated - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	834.8	856.2	766.0	834.8	3,291.8	2019	5.9	%	11.8	%	-2.3	%	-0.7	%	3.5	%
2020	785.7	654.4	652.4	719.6	2,812.1	2020	-5.9	%	-23.6	%	-14.8	%	-13.8	%	-14.6	%

	Gross Profit						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	126.2	139.4	135.0	141.2	541.8	2019	15.1	%	16.3	%	17.6	%	16.9	%	16.5	%
2020	136.7	103.6	103.4	121.7	465.4	2020	17.4	%	15.8	%	15.8	%	16.9	%	16.5	%

	Operating Expenses						Operating Expenses as a % of Revenue
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	122.8	116.5	115.5	133.1	487.9	2019	14.7	%	13.6	%	15.1	%	15.9	%	14.8	%
2020	116.5	94.9	96.1	108.0	415.5	2020	14.8	%	14.5	%	14.7	%	15.0	%	14.8	%

	Operating Profit (Loss)						Operating Profit (Loss) %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	3.4	22.9	19.5	8.1	53.9	2019	0.4	%	2.7	%	2.5	%	1.0	%	1.6	%
2020	20.2	8.7	7.3	13.7	49.9	2020	2.6	%	1.3	%	1.1	%	1.9	%	1.8	%


Hyster-Yale Materials Handling, Inc.
(in millions, except percentage data)

	Interest (Income) Expense
	Q1	Q2	Q3	Q4	FY
2019	4.1	4.7	5.1	4.1	18.0
2020	3.8	3.0	2.7	2.8	12.3

	Other (Income) Expense
	Q1	Q2	Q3	Q4	FY
2019	(5.4)	(3.1)	(3.6)	0.1	(12.0)
2020	(3.3)	4.0	(1.8)	(3.5)	(4.6)

	Income (Loss) Before Taxes						Effective Income Tax Rate
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	4.7	21.3	18.0	3.9	47.9	2019	31.9	%	20.7	%	27.2	%	12.8	%	23.6	%
2020	19.7	1.7	6.4	14.4	42.2	2020	20.8	%	n.m.		10.9	%	8.3	%	8.8	%

	Net Income (Loss) Attributable to Stockholders
	Q1	Q2	Q3	Q4	FY
2019	3.4	16.2	12.8	3.4	35.8
2020	15.3	3.6	5.1	13.1	37.1


	Depreciation and Amortization Expense
	Q1	Q2	Q3	Q4	FY
2019	11.2	10.8	10.3	11.0	43.3
2020	10.4	10.4	11.0	11.1	42.9

	Net Working Capital (1)
	Q1	Q2	Q3	Q4	FY
2019	594.3	679.7	643.0	611.1	611.1
2020	595.7	577.4	517.5	493.4	493.4

	Capital Expenditures
	Q1	Q2	Q3	Q4	FY
2019	8.6	9.8	13.0	18.3	49.7
2020	17.6	12.3	7.3	14.5	51.7

	Net Cash Provided By (Used For) Operating Activities
	Q1	Q2	Q3	Q4	FY
2019	(22.4)	(48.5)	53.6	94.0	76.7
2020	(45.7)	33.7	88.1	90.8	166.9

	Net Cash Provided By (Used For) Investing Activities
	Q1	Q2	Q3	Q4	FY
2019	(8.0)	(9.6)	(6.9)	(17.5)	(42.0)
2020	(17.4)	(5.9)	(6.5)	(13.9)	(43.7)


	Cash Flow Before Financing Activities (2)
	Q1	Q2	Q3	Q4	FY
2019	(30.4)	(58.1)	46.7	76.5	34.7
2020	(63.1)	27.8	81.6	76.9	123.2


Hyster-Yale Materials Handling, Inc.
(in millions, except percentage data)

	Net Cash Provided By (Used For) Financing Activities
	Q1	Q2	Q3	Q4	FY
2019	3.6	52.5	(31.1)	(76.6)	(51.6)
2020	53.1	(18.7)	(53.5)	(21.5)	(40.6)

	Dividends Paid to Stockholders
	Q1	Q2	Q3	Q4	FY
2019	5.2	5.2	5.3	5.3	21.0
2020	5.3	5.3	5.4	5.3	21.3

	Total Debt
	Q1	Q2	Q3	Q4	FY
2019	309.4	370.9	351.1	287.0	287.0
2020	340.1	337.7	297.7	289.2	289.2

	Equity						Return on Equity (3)
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	551.4	570.1	542.5	577.0	577.0	2019	4.0	%	5.9	%	5.5	%	6.4	%	6.4	%
2020	542.7	563.7	602.6	651.1	651.1	2020	8.6	%	6.3	%	4.8	%	6.3	%	6.3	%

(1)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.


Lift Truck Business
(in millions, except percentage data)

	Backlog (in thousands)
	Q1	Q2	Q3	Q4	FY
2019	40.2	44.1	43.4	41.2	41.2
2020	37.3	31.5	33.6	40.6	40.6

	Unit Shipments (in thousands)
	Q1	Q2	Q3	Q4	FY
2019	25.7	26.3	23.5	24.8	100.3
2020	23.3	20.1	20.6	21.5	85.5

	Revenues - Americas						Revenues - Americas - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	534.5	537.7	505.8	545.3	2,123.3	2019	7.8	%	14.0	%	0.4	%	5.7	%	6.8	%
2020	550.7	454.8	426.9	458.8	1,891.2	2020	3.0	%	-15.4	%	-15.6	%	-15.9	%	-10.9	%

	Revenues - EMEA						Revenues - EMEA - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	190.1	202.1	161.7	197.3	751.2	2019	-3.9	%	5.8	%	-6.1	%	-5.0	%	-2.3	%
2020	152.1	120.1	143.8	172.6	588.6	2020	-20.0	%	-40.6	%	-11.1	%	-12.5	%	-21.6	%

	Revenues - JAPIC						Revenues - JAPIC - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	63.4	72.9	57.8	55.6	249.7	2019	28.1	%	26.8	%	-10.7	%	-21.0	%	3.1	%
2020	44.6	48.0	48.0	52.5	193.1	2020	-29.7	%	-34.2	%	-17.0	%	-5.6	%	-22.7	%

	Revenues - Lift Truck Business						Revenues - Lift Truck Business - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	788.0	812.7	725.3	798.2	3,124.2	2019	6.0	%	12.9	%	-2.1	%	0.5	%	4.2	%
2020	747.4	622.9	618.7	683.9	2,672.9	2020	-5.2	%	-23.4	%	-14.7	%	-14.3	%	-14.4	%

	Gross Profit						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	112.6	126.9	125.0	130.5	495.0	2019	14.3	%	15.6	%	17.2	%	16.3	%	15.8	%
2020	123.5	94.8	94.3	112.2	424.8	2020	16.5	%	15.2	%	15.2	%	16.4	%	15.9	%

	Operating Expenses						Operating Expenses as a % of revenues
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	101.8	97.8	97.0	112.8	409.4	2019	12.9	%	12.0	%	13.4	%	14.1	%	13.1	%
2020	95.5	77.8	78.1	87.8	339.2	2020	12.8	%	12.5	%	12.6	%	12.8	%	12.7	%

	Operating Profit (Loss)						Operating Profit (Loss) %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	10.8	29.1	28.0	17.7	85.6	2019	1.4	%	3.6	%	3.9	%	2.2	%	2.7	%
2020	28.0	17.0	16.2	24.4	85.6	2020	3.7	%	2.7	%	2.6	%	3.6	%	3.2	%


Lift Truck Business
(in millions, except percentage data)

	Interest (Income) Expense
	Q1	Q2	Q3	Q4	FY
2019	3.9	4.5	5.0	4.0	17.4
2020	3.7	2.9	2.6	2.6	11.8

	Other (Income) Expense
	Q1	Q2	Q3	Q4	FY
2019	(5.4)	(2.9)	(2.7)	0.1	(10.9)
2020	(3.0)	4.5	(1.4)	(3.4)	(3.3)

	Income (Loss) Before Taxes						Effective Income Tax Rate
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	12.3	27.5	25.7	13.6	79.1	2019	25.2	%	24.7	%	23.7	%	35.3	%	26.3	%
2020	27.3	9.6	15.0	25.2	77.1	2020	25.6	%	n.m.		18.7	%	19.0	%	17.0	%

	Net Income (Loss) Attributable to Stockholders
	Q1	Q2	Q3	Q4	FY
2019	9.6	20.3	19.5	8.9	58.3
2020	20.1	10.9	11.6	20.3	62.9


	Depreciation and Amortization Expense
	Q1	Q2	Q3	Q4	FY
2019	7.9	7.7	7.2	7.8	30.6
2020	7.2	7.3	7.7	7.9	30.1

	Net Working Capital (1)
	Q1	Q2	Q3	Q4	FY
2019	497.4	584.2	554.0	525.4	525.4
2020	497.8	468.8	405.1	391.2	391.2

	Capital Expenditures
	Q1	Q2	Q3	Q4	FY
2019	5.5	7.1	9.7	15.5	37.8
2020	15.6	12.6	4.0	12.0	44.2

	Net Cash Provided By (Used For) Operating Activities
	Q1	Q2	Q3	Q4	FY
2019	(19.0)	(66.2)	42.8	95.6	53.2
2020	(45.4)	63.4	88.2	80.4	186.6

	Net Cash Provided By (Used For) Investing Activities
	Q1	Q2	Q3	Q4	FY
2019	(5.4)	(6.9)	(4.2)	(15.4)	(31.9)
2020	(15.6)	(24.0)	(4.9)	(12.0)	(56.5)


Lift Truck Business
(in millions, except percentage data)

	Cash Flow Before Financing Activities (2)
	Q1	Q2	Q3	Q4	FY
2019	(24.4)	(73.1)	38.6	80.2	21.3
2020	(61.0)	39.4	83.3	68.4	130.1

	Net Cash Provided By (Used For) Financing Activities
	Q1	Q2	Q3	Q4	FY
2019	0.4	64.9	(25.8)	(81.9)	(42.4)
2020	55.6	(37.3)	(55.1)	(12.2)	(49.0)

(1)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.


Bolzoni
(in millions, except percentage data)

	Revenues							Revenues - Bolzoni - % change yr. over yr.
	Q1	Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	91.8	90.8		75.8	87.0	345.4	2019	2.6	%	3.2	%	-10.2	%	-0.1	%	-1.0	%
2020	87.9	64.2		63.3	68.3	283.7	2020	-4.2	%	-29.3	%	-16.5	%	-21.5	%	-17.9	%

	Gross Profit (Loss)							Gross Profit %
	Q1	Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	15.6	15.5		13.0	14.0	58.1	2019	17.0	%	17.1	%	17.2	%	16.1	%	16.8	%
2020	16.9	11.5		12.1	12.9	53.4	2020	19.2	%	17.9	%	19.1	%	18.9	%	18.8	%

	Operating Expenses							Operating Expenses as a % of revenues
	Q1	Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	14.4	13.2		12.3	13.5	53.4	2019	15.7	%	14.5	%	16.2	%	15.5	%	15.5	%
2020	14.2	12.0		12.0	14.2	52.4	2020	16.2	%	18.7	%	19.0	%	20.8	%	18.5	%

	Operating Profit (Loss)							Operating Profit (Loss) %
	Q1	Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2019	1.2	2.3		0.7	0.5	4.7	2019	1.3	%	2.5	%	0.9	%	0.6	%	1.4	%
2020	2.7	(0.5)		0.1	(1.3)	1.0	2020	3.1	%	-0.8	%	0.2	%	-1.9	%	0.4	%

	Income (Loss) Before Taxes
	Q1	Q2		Q3	Q4	FY
2019	1.0	2.3		0.5	—	3.8
2020	2.6	(0.5)		0.1	(1.7)	0.5

	Effective Income Tax Rate
	Q1	Q2		Q3	Q4	FY
2019	n.m.	17.4	%	n.m.	n.m.	5.3%
2020	n.m.	20.0	%	n.m.	n.m.	n.m.

	Net Income (Loss) Attributable to Stockholders
	Q1	Q2		Q3	Q4	FY
2019	0.3	1.6		0.7	0.2	2.8
2020	2.7	(0.6)		0.1	(2.0)	0.2


Nuvera
(in millions, except percentage data)

	Revenues
	Q1		Q2		Q3		Q4		FY
2019	4.5		2.2		2.4		1.0		10.1
2020	1.4		0.7		0.7		1.1		3.9

	Gross Profit (Loss)
	Q1		Q2		Q3		Q4		FY
2019	(1.8)		(2.7)		(3.1)		(3.6)		(11.2)
2020	(2.6)		(3.2)		(2.7)		(3.7)		(12.2)

	Operating Expenses
	Q1		Q2		Q3		Q4		FY
2019	6.6		5.5		6.2		6.8		25.1
2020	6.8		5.1		6.0		6.0		23.9

	Operating Profit (Loss)
	Q1		Q2		Q3		Q4		FY
2019	(8.4)		(8.2)		(9.3)		(10.4)		(36.3)
2020	(9.4)		(8.3)		(8.7)		(9.7)		(36.1)

	Income (Loss) Before Taxes
	Q1		Q2		Q3		Q4		FY
2019	(8.4)		(8.2)		(8.3)		(10.0)		(34.9)
2020	(9.1)		(7.9)		(8.4)		(9.4)		(34.8)

	Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY
2019	27.4	%	26.8	%	30.1	%	27.0	%	27.8	%
2020	26.4	%	26.6	%	27.4	%	25.5	%	26.4	%

	Net Income (Loss) Attributable to Stockholders
	Q1		Q2		Q3		Q4		FY
2019	(6.1)		(6.0)		(5.8)		(7.3)		(25.2)
2020	(6.7)		(5.8)		(6.1)		(7.0)		(25.6)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.