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Published: 2022-05-03 17:01:20 ET
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EX-99 2 hydataschedule33122ex99.htm EX-99 Document

EXHIBIT 99
Hyster-Yale Materials Handling, Inc.
(in millions, except percentage data)
Backlog (in thousands)
Q1Q2Q3Q4FY
202160.7 84.9 98.8 105.3 105.3 
2022114.1 
Unit Shipments (in thousands)
Q1Q2Q3Q4FY
202122.3 22.7 23.2 26.7 94.9 
202223.9 
Revenues - AmericasRevenues - Americas - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021459.7 479.1 494.3 551.5 1,984.6 2021-16.5 %5.3 %15.8 %20.2 %4.9 %
2022557.7 202221.3 %
Revenues - EMEARevenues - EMEA - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021170.7 175.1 153.4 179.7 678.9 202112.2 %45.8 %6.7 %4.1 %15.3 %
2022169.7 2022-0.6 %
Revenues - JAPICRevenues - JAPIC - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202160.5 65.0 56.1 52.3 233.9 202135.7 %35.4 %16.9 %-0.4 %21.1 %
202251.7 2022-14.5 %
Revenues - BolzoniRevenues - Bolzoni - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202179.5 84.8 90.0 93.5 347.8 2021-9.6 %32.1 %42.2 %36.9 %22.6 %
202295.1 202219.6 %
Revenues - NuveraRevenues - Nuvera - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021— 0.3 0.2 0.2 0.7 2021n.m.n.m.n.m.n.m.n.m.
20220.6 2022n.m.
Revenues - ConsolidatedRevenues - Consolidated - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021732.2 765.6 748.2 829.7 3,075.7 2021-6.8 %17.0 %14.7 %15.3 %9.4 %
2022827.6 202213.0 %
Gross Profit (1)
Gross Profit % (1)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021118.4 116.4 65.1 63.5 363.4 202116.2 %15.2 %8.7 %7.7 %11.8 %
2022101.2202212.2 %


Hyster-Yale Materials Handling, Inc.
(in millions, except percentage data)
Operating Expenses (2)(3)
Operating Expenses as a % of Revenue (2)(3)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021115.3 110.5 119.4 170.5 515.7 202115.7 %14.4 %16.0 %20.5 %16.8 %
2022119.5 202214.4 %
Operating Profit (Loss) (1)(2)(3)
Operating Profit (Loss) % (1)(2)(3)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
20213.1 5.9 (54.3)(107.0)(152.3)20210.4 %0.8 %-7.3 %-12.9 %-5.0 %
2022(18.3)2022-2.2 %
Interest (Income) Expense
Q1Q2Q3Q4FY
20212.7 3.7 4.0 4.5 14.9 
20224.9 
Other (Income) Expense
Q1Q2Q3Q4FY
2021(8.1)2.3 (2.0)(4.5)(12.3)
2022(1.9)
Income (Loss) Before Taxes
Effective Income Tax Rate (4)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
20218.5 (0.1)(56.3)(107.0)(154.9)202128.2 %n.m.-36.4 %-7.3 %-18.3 %
2022(21.3)2022-13.6 %
Net Income (Loss) Attributable to Stockholders (4)
Q1Q2Q3Q4FY
20215.6 1.9 (77.2)(103.3)(173.0)
2022(25.0)
Depreciation and Amortization Expense
Q1Q2Q3Q4FY
202111.7 11.6 11.4 11.5 46.2 
202211.1 
Net Working Capital (5)
Q1Q2Q3Q4FY
2021539.7 645.9 692.4 697.0 697.0 
2022704.7 
Capital Expenditures
Q1Q2Q3Q4FY
20217.7 10.4 11.4 14.8 44.3 
20229.7 


Hyster-Yale Materials Handling, Inc.
(in millions, except percentage data)
Net Cash Provided By (Used For) Operating Activities
Q1Q2Q3Q4FY
2021(47.1)(53.6)(91.1)(61.7)(253.5)
202259.1 
Net Cash Provided By (Used For) Investing Activities
Q1Q2Q3Q4FY
20219.5 (8.7)(10.9)(14.4)(24.5)
2022(9.3)
Cash Flow Before Financing Activities (6)
Q1Q2Q3Q4FY
2021(37.6)(62.3)(102.0)(76.1)(278.0)
202249.8 
Net Cash Provided By (Used For) Financing Activities
Q1Q2Q3Q4FY
2021(8.0)45.5 77.2 78.9 193.6 
2022(50.9)
Dividends Paid to Stockholders
Q1Q2Q3Q4FY
20215.3 5.4 5.5 5.4 21.6 
20225.4 
Total Debt
Q1Q2Q3Q4FY
2021285.4 345.7 428.0 518.5 518.5 
2022479.0 
Equity
Return on Equity (7)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021615.8 630.0 510.2 382.9 382.9 20214.6 %4.2 %-9.4 %-31.0 %-31.0 %
2022351.5 2022-40.9 %
(1)During the third and fourth quarters of 2021, Nuvera reduced its inventory to its estimated net realizable value by $14.8 million and $1.3 million, respectively.
(2)During the third quarter of 2021, Nuvera recognized a $10.0 million impairment charge of property, plant and equipment.
(3)During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share.
(4)
During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $20.2 million and $38.4 million, respectively, provided against deferred tax assets.
(5)Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(6)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.
(7)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)
Q1Q2Q3Q4FY
202160.7 84.9 98.8 105.3 105.3 
2022114.1 
Unit Shipments (in thousands)
Q1Q2Q3Q4FY
202122.3 22.7 23.2 26.7 94.9 
202223.9 
Revenues - AmericasRevenues - Americas - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021459.7 479.1 494.3 551.5 1,984.6 2021-16.5 %5.3 %15.8 %20.2 %4.9 %
2022557.7 202221.3 %
Revenues - EMEARevenues - EMEA - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021170.7 175.1 153.4 179.7 678.9 202112.2 %45.8 %6.7 %4.1 %15.3 %
2022169.7 2022-0.6 %
Revenues - JAPICRevenues - JAPIC - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202160.5 65.0 56.1 52.3 233.9 202135.7 %35.4 %16.9 %-0.4 %21.1 %
202251.7 2022-14.5 %
Revenues - Lift Truck BusinessRevenues - Lift Truck Business - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021690.9 719.2 703.8 783.5 2,897.4 2021-7.6 %15.5 %13.8 %14.6 %8.4 %
2021779.1 202212.8 %
Gross ProfitGross Profit %
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
2021105.4 103.2 66.9 54.4 329.9 202115.3 %14.3 %9.5 %6.9 %11.4 %
202285.9 202211.0 %
Operating Expenses(1)
Operating Expenses as a % of revenues(1)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202193.2 87.8 88.2 147.6 416.8 202113.5 %12.2 %12.5 %18.8 %14.4 %
202296.6202212.4 %
Operating Profit (Loss)(1)
Operating Profit (Loss) %(1)
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202112.2 15.4 (21.3)(93.2)(86.9)20211.8 %2.1 %-3.0 %-11.9 %-3.0 %
2022(10.7)2022-1.4 %
(1)During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share.




Bolzoni
(in millions, except percentage data)
RevenuesRevenues - Bolzoni - % change yr. over yr.
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202179.5 84.8 90.0 93.5 347.8 2021-9.6 %32.1 %42.2 %36.9 %22.6 %
202295.1 202219.6 %
Gross Profit (Loss)Gross Profit %
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202116.4 15.8 15.2 14.1 61.5 202120.6 %18.6 %16.9 %15.1 %17.7 %
202218.8 202219.8 %
Operating ExpensesOperating Expenses as a % of revenues
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
202115.6 16.2 15.2 16.3 63.3 202119.6 %19.1 %16.9 %17.4 %18.2 %
202216.7 202217.6 %
Operating Profit (Loss)Operating Profit (Loss) %
Q1Q2Q3Q4FYQ1Q2Q3Q4FY
20210.8 (0.4)— (2.2)(1.8)20211.0 %-0.5 %— %-2.4 %-0.5 %
20222.1 20222.2 %



Nuvera
(in millions, except percentage data)
Revenues
Q1Q2Q3Q4FY
2021— 0.3 0.2 0.2 0.7 
20220.6 
Gross Profit (Loss) (1)
Q1Q2Q3Q4FY
2021(3.3)(2.5)(16.5)(4.4)(26.7)
2022(1.9)
Operating Expenses (2)
Q1Q2Q3Q4FY
20216.5 6.5 16.0 6.6 35.6 
20226.2 
Operating Profit (Loss) (1)(2)
Q1Q2Q3Q4FY
2021(9.8)(9.0)(32.5)(11.0)(62.3)
2022(8.1)
(1)During the third and fourth quarters of 2021, Nuvera reduced its inventory to its estimated net realizable value by $14.8 million and $1.3 million, respectively.
(2)During the third quarter of 2021, Nuvera recognized a $10.0 million impairment charge of property, plant and equipment.