Enhanced Investments - Financial Portal

Published: 2023-08-01 00:00:00 ET

EX-99 2 hydataschedule63023ex99.htm EX-99 Document

EXHIBIT 99


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

	Backlog (in thousands)
	Q1	Q2	Q3	Q4	FY


2022	114.1	112.0	108.2	102.1	102.1
2023	99.2	92.8

	Unit Shipments (in thousands)
	Q1	Q2	Q3	Q4	FY


2022	23.9	25.3	24.5	27.1	100.8
2023	25.2	27.7

	Revenues - Americas						Revenues - Americas - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	557.7	596.6	571.3	679.8	2,405.4	2022	21.3	%	24.5	%	15.6	%	23.3	%	21.2	%
2023	685.9	788.5				2023	23.0	%	32.2	%

	Revenues - EMEA						Revenues - EMEA - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	169.7	184.8	159.4	190.3	704.2	2022	-0.6	%	5.5	%	3.9	%	5.9	%	3.7	%
2023	214.9	200.6				2022	26.6	%	8.5	%

	Revenues - JAPIC						Revenues - JAPIC - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	51.7	64.9	65.5	67.9	250.0	2022	-14.5	%	-0.2	%	16.8	%	29.8	%	6.9	%
2023	47.9	49.6				2023	-7.4	%	-23.6	%

	Revenues - Bolzoni						Revenues - Bolzoni - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	95.1	86.4	82.2	92.0	355.7	2022	19.6	%	1.9	%	-8.7	%	-1.6	%	2.3	%
2023	98.6	96.6				2023	3.7	%	11.8	%

	Revenues - Nuvera						Revenues - Nuvera - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	0.6	0.3	1.2	1.3	3.4	2022	n.m.		—	%	n.m.		n.m.		n.m.
2023	1.6	1.0				2023	n.m.		233.3	%

	Revenues - Consolidated						Revenues - Consolidated - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	827.6	895.4	840.1	985.2	3,548.3	2022	13.0	%	17.0	%	12.3	%	18.7	%	15.4	%
2023	999.3	1,090.6				2023	20.7	%	21.8	%


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

	Gross Profit						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	101.2	99.1	86.9	146.7	433.9	2022	12.2	%	11.1	%	10.3	%	14.9	%	12.2	%
2023	174.4	197.9				2023	17.5	%	18.1	%

	Operating Expenses						Operating Expenses as a % of Revenue
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	119.5	114.8	111.8	126.9	473.0	2022	14.4	%	12.8	%	13.3	%	12.9	%	13.3	%
2023	131.8	139.1				2023	13.2	%	12.8	%

	Operating Profit (Loss)						Operating Profit (Loss) %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	(18.3)	(15.7)	(24.9)	19.8	(39.1)	2022	-2.2	%	-1.8	%	-3.0	%	2.0	%	-1.1	%
2023	42.6	58.8				2023	4.3	%	5.4	%

	Interest (Income) Expense
	Q1	Q2	Q3	Q4	FY


2022	4.9	5.9	7.3	9.2	27.3
2023	9.6	7.8

	Other (Income) Expense
	Q1	Q2	Q3	Q4	FY


2022	(1.9)	0.2	0.2	(2.5)	(4.0)
2023	(2.9)	0.2

	Income (Loss) Before Taxes						Effective Income Tax Rate
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	(21.3)	(21.8)	(32.4)	13.1	(62.4)	2022	-13.6	%	14.2%		-13.0	%	39.7	%	-14.7	%
2023	35.9	50.8				2023	24.2	%	23.6%

	Net Income (Loss) Attributable to Stockholders
	Q1	Q2	Q3	Q4	FY


2022	(25.0)	(19.4)	(37.3)	7.6	(74.1)
2023	26.6	38.3


	Depreciation and Amortization Expense
	Q1	Q2	Q3	Q4	FY


2022	11.1	11.0	10.9	10.4	43.4
2023	11.2	11.3

	Net Working Capital (1)
	Q1	Q2	Q3	Q4	FY


2022	704.7	751.9	686.2	715.7	715.7
2023	763.0	809.0

	Capital Expenditures
	Q1	Q2	Q3	Q4	FY


2022	9.7	5.6	4.4	9.1	28.8
2023	3.3	7.3

	Net Cash Provided By (Used For) Operating Activities
	Q1	Q2	Q3	Q4	FY


2022	59.1	(58.9)	34.1	6.3	40.6
2023	9.0	35.8


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

	Net Cash Provided By (Used For) Investing Activities
	Q1	Q2	Q3	Q4	FY


2022	(9.3)	(13.6)	(4.3)	(8.2)	(35.4)
2023	(5.0)	(6.9)

	Cash Flow Before Financing Activities (2)
	Q1	Q2	Q3	Q4	FY


2022	49.8	(72.5)	29.8	(1.9)	5.2
2023	4.0	28.9

	Net Cash Provided By (Used For) Financing Activities
	Q1	Q2	Q3	Q4	FY


2022	(50.9)	84.4	(35.4)	(9.0)	(10.9)
2023	(2.5)	(26.4)

	Dividends Paid to Stockholders
	Q1	Q2	Q3	Q4	FY


2022	5.4	5.5	5.5	5.4	21.8
2023	5.6	5.5

	Total Debt
	Q1	Q2	Q3	Q4	FY


2022	479.0	580.6	545.0	552.9	552.9
2023	560.6	542.3

	Permanent Equity						Return on Equity (3)
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	351.5	207.5	121.5	210.9	210.9	2022	-40.9	%	-54.0	%	-58.8	%	-29.1	%	-29.1	%
2023	257.6	292.3				2023	-9.8	%	16.1	%

(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


2022	114.1	112.0	108.2	102.1	102.1
2023	99.2	92.8

	Unit Shipments (in thousands)
	Q1	Q2	Q3	Q4	FY


2022	23.9	25.3	24.5	27.1	100.8
2023	25.2	27.7

	Revenues - Americas						Revenues - Americas - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	557.7	596.6	571.3	679.8	2,405.4	2022	21.3	%	24.5	%	15.6	%	23.3	%	21.2	%
2023	685.9	788.5				2023	23.0	%	32.2	%

	Revenues - EMEA						Revenues - EMEA - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	169.7	184.8	159.4	190.3	704.2	2022	-0.6	%	5.5	%	3.9	%	5.9	%	3.7	%
2023	214.9	200.6				2022	26.6	%	8.5	%

	Revenues - JAPIC						Revenues - JAPIC - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	51.7	64.9	65.5	67.9	250.0	2022	-14.5	%	-0.2	%	16.8	%	29.8	%	6.9	%
2023	47.9	49.6				2023	-7.4	%	-23.6	%

	Revenues - Lift Truck Business						Revenues - Lift Truck Business - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	779.1	846.3	796.2	938.0	3,359.6	2022	12.8	%	17.7	%	13.1	%	19.7	%	16.0	%
2023	948.7	1,038.7				2022	21.8	%	22.7	%

	Gross Profit						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	85.9	81.3	74.6	129.2	371.0	2022	11.0	%	9.6	%	9.4	%	13.8	%	11.0	%
2023	155.6	177.0				2023	16.4	%	17.0	%

	Operating Expenses(1)						Operating Expenses as a % of revenues(1)
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	96.6	93.0	89.8	102.0	381.4	2022	12.4	%	11.0	%	11.3	%	10.9	%	11.4	%
2023	107.8	114.5				2023	11.4	%	11.0	%

	Operating Profit (Loss)(1)						Operating Profit (Loss) %(1)
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	(10.7)	(11.7)	(15.2)	27.2	(10.4)	2022	-1.4	%	-1.4	%	-1.9	%	2.9	%	-0.3	%
2023	47.8	62.5				2023	5.0	%	6.0	%


Bolzoni
(in millions, except percentage data)

	Revenues						Revenues - Bolzoni - % change yr. over yr.
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	95.1	86.4	82.2	92.0	355.7	2022	19.6	%	1.9	%	-8.7	%	-1.6	%	2.3	%
2023	98.6	96.6				2023	3.7	%	11.8	%

	Gross Profit (Loss)						Gross Profit %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	18.8	18.9	13.7	19.3	70.7	2022	19.8	%	21.9	%	16.7	%	21.0	%	19.9	%
2023	20.7	22.6				2023	21.0	%	23.4	%

	Operating Expenses						Operating Expenses as a % of revenues
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	16.7	15.5	15.0	17.3	64.5	2022	17.6	%	17.9	%	18.2	%	18.8	%	18.1	%
2023	16.3	17.2				2023	16.5	%	17.8	%

	Operating Profit (Loss)						Operating Profit (Loss) %
	Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY


2022	2.1	3.4	(1.3)	2.0	6.2	2022	2.2	%	3.9	%	-1.6	%	2.2	%	1.7	%
2023	4.4	5.4				2023	4.5	%	5.6	%


Nuvera
(in millions, except percentage data)

	Revenues
	Q1	Q2	Q3	Q4	FY


2022	0.6	0.3	1.2	1.3	3.4
2023	1.6	1.0

	Gross Profit (Loss)
	Q1	Q2	Q3	Q4	FY


2022	(1.9)	(1.6)	(2.0)	(1.7)	(7.2)
2023	(2.1)	(1.8)

	Operating Expenses
	Q1	Q2	Q3	Q4	FY


2022	6.2	6.3	7.0	7.6	27.1
2023	7.7	7.4

	Operating Profit (Loss)
	Q1	Q2	Q3	Q4	FY


2022	(8.1)	(7.9)	(9.0)	(9.3)	(34.3)
2023	(9.8)	(9.2)

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.