About Hyster-Yale Materials Handling

Creation of Hyster-Yale

On September 28, 2012, Hyster-Yale Materials Handling, Inc. (NYSE: HY) was formed as a public company following a spin-off from NACCO Industries, Inc.

The spin-off satisfies important business objectives for Hyster-Yale:

• Creates greater flexibility to pursue strategic growth opportunities, such as acquisitions and join ventures in the materials handling industry.
• Reinforces management's focus on serving each of Hyster-Yale's market segments and customer application needs.
• Provides Hyster-Yale with direct access to equity capital markets and greater access to debt capital markets.
• Strengthens the alignment of senior management incentives with the needs and performance of the Company.
• Provides investors with a focused investment option in the materials handling business.

Key Highlights

Hyster-Yale is a leading global designer, manufacturer and marketer of lift trucks and provider of aftermarket parts and support.

Lift trucks and component parts are manufactured in the United States, Northern Ireland, Mexico, The Phillipines, The Netherlands, Italy, Japan, Vietnam, Brazil and China:

• Leading global lift truck brands in terms of units sold

Large installed base that drives parts sales

• Over 798,000 units worldwide as of December 31, 2012
   
• Diverse customer and application base
• Global independent dealer network
• Comprehensive, updated global product line
• Globally integrated operations with economies of scale
• Experienced management team
• Headquartered in Cleveland, Ohio with over 5,300 employees in 13 countries

2012 Financial Results 

• Revenues: $2.5 billion
• Operating Profit: $111.7 million
• Net Income: $98.0 million
• Cash: $151.3 million
• Debt: $142.2 million
• Net Debt: $(9.1) million (net cash) 

Financial Target 

• Operating profit margin of 7 percent at the mid-point of the market cycle

Strategic Initiatives 

• Understand customer needs at the product and aftermarket levels in order to create and provide a differentiated, full range of product and service solutions for specific industry applications,
• Offer the lowest cost of ownership by utilizing the Company's understanding of customers' major cost drivers and developing solutions that consistently lower cost of ownership and create a differentiated competitive position,
• Improve the Company's warehouse market position through enhancing dealer and customer support, adding products, increasing incentives, and implementing programs to increase focus on key customers,
• Enhance independent distribution by implementing programs aimed at broadening account coverage of the market, expanding the Company's dual-brand ownership strategy, and ensuring dealer excellence in all areas of the world, and
• Expand in Asian markets by offering products geared to the needs of these markets, enhancing distribution excellence and focusing on strategic alliances with local partners in China, India and Japan.

Certain statements on this page that are not historical facts are forward-looking statements.  The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the posting of this data to the website.  Click here to see the Company's full Forward-Looking Statement Disclaimer/Risks and Uncertainties Statement.