This document provides an overview of Terex Corporation from a presentation given by Steve Filipov, President of Developing Markets & Strategic Accounts. The summary includes:
1) Terex is a diversified equipment manufacturer with businesses in aerial work platforms, cranes, material processing and mining, construction, and roadbuilding and utilities.
2) Terex is a leader in many of its product categories and one of the largest construction equipment manufacturers in the world based on sales.
3) Terex has a geographically and segmentally diversified portfolio, with approximately 75% of 2007 sales generated in markets where it has a significant presence.
Terex Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted major infrastructure projects continuing in Russia and other developing regions that would support ongoing equipment demand.
Trevor Fetter provides an overview of Tenet Healthcare Corporation's strong fourth quarter 2008 operating results despite challenges in the broader economic environment. He highlights progress made in physician recruitment, outpatient business stabilization, targeted growth initiatives, and quality achievements. Fetter also discusses steps taken to strengthen the balance sheet through a debt refinancing and expectations for a challenging 2009 with revenue uncertainties but a guidance range of $735-800 million in adjusted EBITDA. Stephen Newman then reviews volume performance and growth strategies by service line.
This document is Tenet Healthcare Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended September 30, 2008. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter, Tenet reported net operating revenues of $2.2 billion, net income of $104 million, and income from continuing operations before taxes of $110 million. As of September 30, 2008, Tenet had total assets of $8.3 billion and total liabilities of $8.2 billion.
Terex provides a presentation containing forward-looking statements about its business and financial performance. It warns that actual results could differ materially from expectations due to risks including economic conditions, competition, regulations, and access to capital. The presentation discusses Terex's diversified portfolio of equipment businesses, positioning in growing markets, leadership position in its industries, and financial performance including return on invested capital. Terex aims to leverage its scale and initiatives to enhance long-term results.
Tenet Healthcare Corporation reported financial results for the second quarter of 2007. They reported a loss from continuing operations of $29 million compared to a loss of $447 million in the second quarter of 2006. Revenues increased 1.5% to $2.228 billion. Admissions declined 2.2% to 139,832 due primarily to declines in Florida and at two hospitals whose leases are expiring. Uninsured admissions increased 7.3% while charity care admissions declined 10.1%. Net patient revenue per admission and per day increased by 3.0% and 3.2% respectively due to pricing increases offsetting volume declines.
This document provides supplemental financial information for SLM Corporation for Q3 2006. It includes their statement of income for Q3 2006, Q2 2006, Q3 2005, and the first nine months of 2006 and 2005. It shows interest income increased from $1.2 billion to $1.7 billion from Q3 2005 to Q3 2006. Net income was $263 million for Q3 2006. The document also provides adjustments to net income figures to exclude special one-time items.
The document provides an overview of Sallie Mae's business fundamentals and financial outlook. It discusses that Sallie Mae has:
1) Strong fundamentals in student lending, competitive scale, and assured FFELP profits through 2010.
2) Adequate liquidity to meet debt obligations and unlimited funding for new FFELP loans through 2009/2010.
3) Expanding deposit funding and $20 billion in expected FFELP originations for 2008/2009.
4) Private loan originations increased despite economic challenges, with improving credit quality in recent vintages.
Terex Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted major infrastructure projects continuing in Russia and other developing regions that would support ongoing equipment demand.
Trevor Fetter provides an overview of Tenet Healthcare Corporation's strong fourth quarter 2008 operating results despite challenges in the broader economic environment. He highlights progress made in physician recruitment, outpatient business stabilization, targeted growth initiatives, and quality achievements. Fetter also discusses steps taken to strengthen the balance sheet through a debt refinancing and expectations for a challenging 2009 with revenue uncertainties but a guidance range of $735-800 million in adjusted EBITDA. Stephen Newman then reviews volume performance and growth strategies by service line.
This document is Tenet Healthcare Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended September 30, 2008. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter, Tenet reported net operating revenues of $2.2 billion, net income of $104 million, and income from continuing operations before taxes of $110 million. As of September 30, 2008, Tenet had total assets of $8.3 billion and total liabilities of $8.2 billion.
Terex provides a presentation containing forward-looking statements about its business and financial performance. It warns that actual results could differ materially from expectations due to risks including economic conditions, competition, regulations, and access to capital. The presentation discusses Terex's diversified portfolio of equipment businesses, positioning in growing markets, leadership position in its industries, and financial performance including return on invested capital. Terex aims to leverage its scale and initiatives to enhance long-term results.
Tenet Healthcare Corporation reported financial results for the second quarter of 2007. They reported a loss from continuing operations of $29 million compared to a loss of $447 million in the second quarter of 2006. Revenues increased 1.5% to $2.228 billion. Admissions declined 2.2% to 139,832 due primarily to declines in Florida and at two hospitals whose leases are expiring. Uninsured admissions increased 7.3% while charity care admissions declined 10.1%. Net patient revenue per admission and per day increased by 3.0% and 3.2% respectively due to pricing increases offsetting volume declines.
This document provides supplemental financial information for SLM Corporation for Q3 2006. It includes their statement of income for Q3 2006, Q2 2006, Q3 2005, and the first nine months of 2006 and 2005. It shows interest income increased from $1.2 billion to $1.7 billion from Q3 2005 to Q3 2006. Net income was $263 million for Q3 2006. The document also provides adjustments to net income figures to exclude special one-time items.
The document provides an overview of Sallie Mae's business fundamentals and financial outlook. It discusses that Sallie Mae has:
1) Strong fundamentals in student lending, competitive scale, and assured FFELP profits through 2010.
2) Adequate liquidity to meet debt obligations and unlimited funding for new FFELP loans through 2009/2010.
3) Expanding deposit funding and $20 billion in expected FFELP originations for 2008/2009.
4) Private loan originations increased despite economic challenges, with improving credit quality in recent vintages.
Tenet reported third quarter net income of $104 million, including gains of $140 million from investment sales. Same-hospital adjusted EBITDA declined 2.4% to $160 million due to higher bad debt and an unfavorable revenue mix. Tenet achieved its fourth consecutive quarter of admissions growth at 1.7% and first quarter of outpatient visit growth in five years at 1.1%, but commercial admissions declined 3.4% and the outlook for the year was revised to a net income range of breakeven to $75 million.
- Tenet Healthcare reported positive results for Q4'07, with 0.1% admissions growth compared to Q4'06. Volumes in Florida stabilized with a 0.3% decline.
- Commercial managed care revenue grew 8.9% despite a 1.8% decline in admissions, due to increases in net revenue per admission.
- Adjusted EBITDA was $168 million in Q4'07, benefiting from $12 million in lower year-end compensation accruals and a $19 million favorable bad debt adjustment.
- Momentum is building in volumes, pricing from new contracts, and physician staff expansion through recruitment.
This document is a presentation by Sallie Mae to investors at the Lehman Brothers Global Financial Services Conference on September 10, 2008. The summary provides an overview of Sallie Mae's business, recent funding achievements, asset quality, growth strategy, and earnings outlook. Sallie Mae is the number one originator, servicer, and collector of student loans, with over 10 million student and parent customers. It has demonstrated access to funding markets in 2008 and reduced reliance on short-term funding. Both its federal and private student loan portfolios have strong asset quality and performance. The company plans to continue growing responsibly through various federal and private lending programs.
The document provides an overview of Terex Corporation and its business. It discusses Terex's vision, mission, and growth strategy. Key points include:
- Terex is the 3rd largest manufacturer of construction equipment globally based on sales.
- Sales have grown at a compounded annual rate of 27% over the past 12 years to over $10 billion currently.
- Terex has a geographically diverse customer base with 70% of sales outside the US.
- Terex aims to be the most customer responsive, profitable, and best place to work in the industry.
pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812finance42
The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that industry downturn persists with high inventory and low buyer demand. Pulte is focusing on short-term tactics like reducing land and home inventory, lowering costs, and generating cash flow. Its long-term strategies center around financial discipline, product segmentation including active adult communities, and maintaining quality and customer satisfaction. While the current environment remains challenging, Pulte believes long-term drivers like US population and immigration growth remain positive.
Terex Corporation's 2006 annual report provides an overview of the company and its business segments in that year. The report discusses:
1) Terex achieved record net sales of over $7.6 billion in 2006, driven by strong global economic growth. The company also improved its balance sheet.
2) Terex has five business segments: Aerial Work Platforms, Construction, Cranes, Materials Processing & Mining, and Roadbuilding, Utility Products and Other.
3) The Chairman's message outlines accomplishments in 2006 including sales and profitability growth. It discusses goals to continue this growth and challenges to further improve operations, leadership, and financial performance.
This document provides an overview and summary of Sallie Mae's business and operations, including:
- Sallie Mae is a top originator, servicer, and collector of student loans with over 10 million customers and $169 billion in managed loans.
- It discusses strong industry trends in higher education enrollment and costs that are driving increased demand for education financing.
- Recent legislative actions and the company's various sources of funding for its student loan origination and securitization activities are also summarized.
- Key performance metrics are presented showing the historically strong credit quality of Sallie Mae's portfolio as well as the effective use of forbearance as a debt management tool for borrowers.
Trevor Fetter, CEO of Tenet Healthcare, discussed the company's strong Q2 2008 results. Same-hospital admissions grew 2.2%, the best result in over 4 years. Excluding recently divested hospitals, core same-hospital admissions grew 2.2% and paying admissions grew 2.2%. Commercial managed care admissions declined 1.7% but grew 1.9% in targeted service lines. Fetter also outlined several hospital divestitures and asset sales that would generate $750-950 million in cash, most of which would be used to retire debt. This would reduce EBITDA but increase pre-tax income and free cash flow.
Stephen Newman, also of Tenet Healthcare, provided
The document provides an overview of Terex's 2008 European Non-deal Road Show. It includes:
1) Introductions of the Terex NDRS team members including Ron DeFeo, Tom Riordan, and Phil Widman.
2) Forward-looking statements about Terex's business outlook and non-GAAP financial measures.
3) A discussion of Terex's strategy to continue building a better company positioned for attractive growth opportunities by leveraging its diverse portfolio and executing on its initiatives.
- The document is Pulte Homes' 2002 annual report which summarizes the company's financial and operational performance for 2002 compared to previous years.
- Key metrics like total revenue, earnings per share, and book value per share all increased from 1998-2002.
- In 2002, Pulte Homes constructed approximately 330,000 homes total throughout its history and operated in 44 US markets.
- The company has grown substantially in recent years and aims to continue expanding its market share across customer segments.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product types and geographies. Terex Construction is focused on improving margins through initiatives like supply chain efficiency and pricing discipline. While North American and Western European markets have been soft, developing markets have shown excellent growth. Terex Construction is working to strengthen dealer capabilities and expand in high-growth emerging markets to position itself for leadership when market conditions improve.
Tenet Healthcare Corporation reported financial results for the second quarter of 2006 with a net loss of $398 million compared to a net loss of $33 million in the second quarter of 2005. Revenues increased 2.5% to $2.195 billion due to a 6.8% increase in net patient revenue per day. However, admissions and outpatient visits declined slightly. The company exceeded expectations for the quarter due to strong pricing increases and cost controls, but continues to face challenges from declining volumes and increasing uncompensated care costs.
Terex Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted several major infrastructure projects moving forward in Russia, China, and Panama that would drive continued demand for Terex equipment.
Terex Corporation is a diversified manufacturer of equipment. It has leadership positions in aerial work platforms, cranes, material processing and mining equipment, roadbuilding and utilities equipment, and construction equipment. Approximately 75% of its 2007 sales came from markets where it has a significant presence. Terex aims to benefit from long-term trends in its industries and leverage its portfolio of product leaders.
Terex Materials Processing & Mining is a $2.6 billion provider of surface mining and aggregate equipment solutions worldwide. It has a profitable and growing business with strong margins. The mining equipment industry is large at $20 billion annually and focused on surface mining processes. Terex is well positioned in this industry with its mining trucks and hydraulic excavators, which are focused on the largest metal and coal mining customers. Terex sees opportunities to continue growing its business through expansion in key regions and markets.
Terex Materials Processing & Mining is a $2.6 billion provider of surface mining and aggregate equipment solutions worldwide. It has a profitable and growing business with strong margins. The mining equipment industry is large at $20 billion annually and focused on surface mining processes. Terex is well-positioned in this industry with leading products like mining trucks and hydraulic excavators that are used across major mining end markets globally.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product categories and geographies. Terex Construction is currently undergoing process improvements and restructuring to optimize costs and margins as North American and Western European markets have softened. However, emerging markets continue to see strong growth and present opportunities. Terex Construction's goals are to achieve $12 billion in sales and 12% operating margins by 2010 through initiatives in supply chain efficiency, pricing discipline, and acquisitions integration.
This document provides an overview of Terex Corporation and its business segments. It discusses how Terex is positioned for long-term trends in global construction and energy demand. It also notes that while the current economic environment presents near-term challenges, Terex has leading market positions and is taking actions to manage through the downturn such as reducing production and costs. Key long-term drivers for Terex's business are expected to be growth in developing markets and infrastructure and energy projects.
This document provides an overview of Terex Corporation and its business segments. It discusses how Terex is a diversified equipment company with balanced business and geographic segments. It notes that while the near-term outlook is challenging due to the economic slowdown, Terex is well-positioned for long-term infrastructure and energy trends. The summary outlines responses Terex is taking to address the current market conditions, such as production reductions and focus on operational improvements.
Terex provides a presentation containing forward-looking statements about its business and financial performance. It warns that actual results could differ materially from expectations due to risks including economic conditions, competition, regulations, and access to capital. Terex aims to delight customers, attract top talent, and be the most profitable and responsive company in its industry. It has a diversified portfolio of equipment businesses and geographic presence.
This document provides an overview of an investment analyst meeting held by Terex Corporation. The agenda outlines presentations on Terex's strategic overview, financial update, business operations, developing markets, and individual business segments. Terex positions itself as a diversified equipment manufacturer with businesses in aerial work platforms, construction, cranes, materials processing and mining, and other areas. It aims to benefit from long-term infrastructure growth trends and have a leading market presence in its categories. The meeting will provide analysts with details on Terex's businesses, markets, and financial and operating goals.
This document provides an overview of an investment analyst meeting held by Terex Corporation. The agenda outlines presentations on Terex's strategic overview, financial update, business operations, developing markets, and individual business segments. The document discusses Terex's diversified portfolio across industries and geographies, positioning in long-term trends such as global construction and mining, and leadership in its product categories. Senior management is introduced who will provide details on each business segment and on leveraging the company as a whole. Goals for 2010 include improving financial and operational metrics.
Tenet reported third quarter net income of $104 million, including gains of $140 million from investment sales. Same-hospital adjusted EBITDA declined 2.4% to $160 million due to higher bad debt and an unfavorable revenue mix. Tenet achieved its fourth consecutive quarter of admissions growth at 1.7% and first quarter of outpatient visit growth in five years at 1.1%, but commercial admissions declined 3.4% and the outlook for the year was revised to a net income range of breakeven to $75 million.
- Tenet Healthcare reported positive results for Q4'07, with 0.1% admissions growth compared to Q4'06. Volumes in Florida stabilized with a 0.3% decline.
- Commercial managed care revenue grew 8.9% despite a 1.8% decline in admissions, due to increases in net revenue per admission.
- Adjusted EBITDA was $168 million in Q4'07, benefiting from $12 million in lower year-end compensation accruals and a $19 million favorable bad debt adjustment.
- Momentum is building in volumes, pricing from new contracts, and physician staff expansion through recruitment.
This document is a presentation by Sallie Mae to investors at the Lehman Brothers Global Financial Services Conference on September 10, 2008. The summary provides an overview of Sallie Mae's business, recent funding achievements, asset quality, growth strategy, and earnings outlook. Sallie Mae is the number one originator, servicer, and collector of student loans, with over 10 million student and parent customers. It has demonstrated access to funding markets in 2008 and reduced reliance on short-term funding. Both its federal and private student loan portfolios have strong asset quality and performance. The company plans to continue growing responsibly through various federal and private lending programs.
The document provides an overview of Terex Corporation and its business. It discusses Terex's vision, mission, and growth strategy. Key points include:
- Terex is the 3rd largest manufacturer of construction equipment globally based on sales.
- Sales have grown at a compounded annual rate of 27% over the past 12 years to over $10 billion currently.
- Terex has a geographically diverse customer base with 70% of sales outside the US.
- Terex aims to be the most customer responsive, profitable, and best place to work in the industry.
pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812finance42
The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that industry downturn persists with high inventory and low buyer demand. Pulte is focusing on short-term tactics like reducing land and home inventory, lowering costs, and generating cash flow. Its long-term strategies center around financial discipline, product segmentation including active adult communities, and maintaining quality and customer satisfaction. While the current environment remains challenging, Pulte believes long-term drivers like US population and immigration growth remain positive.
Terex Corporation's 2006 annual report provides an overview of the company and its business segments in that year. The report discusses:
1) Terex achieved record net sales of over $7.6 billion in 2006, driven by strong global economic growth. The company also improved its balance sheet.
2) Terex has five business segments: Aerial Work Platforms, Construction, Cranes, Materials Processing & Mining, and Roadbuilding, Utility Products and Other.
3) The Chairman's message outlines accomplishments in 2006 including sales and profitability growth. It discusses goals to continue this growth and challenges to further improve operations, leadership, and financial performance.
This document provides an overview and summary of Sallie Mae's business and operations, including:
- Sallie Mae is a top originator, servicer, and collector of student loans with over 10 million customers and $169 billion in managed loans.
- It discusses strong industry trends in higher education enrollment and costs that are driving increased demand for education financing.
- Recent legislative actions and the company's various sources of funding for its student loan origination and securitization activities are also summarized.
- Key performance metrics are presented showing the historically strong credit quality of Sallie Mae's portfolio as well as the effective use of forbearance as a debt management tool for borrowers.
Trevor Fetter, CEO of Tenet Healthcare, discussed the company's strong Q2 2008 results. Same-hospital admissions grew 2.2%, the best result in over 4 years. Excluding recently divested hospitals, core same-hospital admissions grew 2.2% and paying admissions grew 2.2%. Commercial managed care admissions declined 1.7% but grew 1.9% in targeted service lines. Fetter also outlined several hospital divestitures and asset sales that would generate $750-950 million in cash, most of which would be used to retire debt. This would reduce EBITDA but increase pre-tax income and free cash flow.
Stephen Newman, also of Tenet Healthcare, provided
The document provides an overview of Terex's 2008 European Non-deal Road Show. It includes:
1) Introductions of the Terex NDRS team members including Ron DeFeo, Tom Riordan, and Phil Widman.
2) Forward-looking statements about Terex's business outlook and non-GAAP financial measures.
3) A discussion of Terex's strategy to continue building a better company positioned for attractive growth opportunities by leveraging its diverse portfolio and executing on its initiatives.
- The document is Pulte Homes' 2002 annual report which summarizes the company's financial and operational performance for 2002 compared to previous years.
- Key metrics like total revenue, earnings per share, and book value per share all increased from 1998-2002.
- In 2002, Pulte Homes constructed approximately 330,000 homes total throughout its history and operated in 44 US markets.
- The company has grown substantially in recent years and aims to continue expanding its market share across customer segments.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product types and geographies. Terex Construction is focused on improving margins through initiatives like supply chain efficiency and pricing discipline. While North American and Western European markets have been soft, developing markets have shown excellent growth. Terex Construction is working to strengthen dealer capabilities and expand in high-growth emerging markets to position itself for leadership when market conditions improve.
Tenet Healthcare Corporation reported financial results for the second quarter of 2006 with a net loss of $398 million compared to a net loss of $33 million in the second quarter of 2005. Revenues increased 2.5% to $2.195 billion due to a 6.8% increase in net patient revenue per day. However, admissions and outpatient visits declined slightly. The company exceeded expectations for the quarter due to strong pricing increases and cost controls, but continues to face challenges from declining volumes and increasing uncompensated care costs.
Terex Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted several major infrastructure projects moving forward in Russia, China, and Panama that would drive continued demand for Terex equipment.
Terex Corporation is a diversified manufacturer of equipment. It has leadership positions in aerial work platforms, cranes, material processing and mining equipment, roadbuilding and utilities equipment, and construction equipment. Approximately 75% of its 2007 sales came from markets where it has a significant presence. Terex aims to benefit from long-term trends in its industries and leverage its portfolio of product leaders.
Terex Materials Processing & Mining is a $2.6 billion provider of surface mining and aggregate equipment solutions worldwide. It has a profitable and growing business with strong margins. The mining equipment industry is large at $20 billion annually and focused on surface mining processes. Terex is well positioned in this industry with its mining trucks and hydraulic excavators, which are focused on the largest metal and coal mining customers. Terex sees opportunities to continue growing its business through expansion in key regions and markets.
Terex Materials Processing & Mining is a $2.6 billion provider of surface mining and aggregate equipment solutions worldwide. It has a profitable and growing business with strong margins. The mining equipment industry is large at $20 billion annually and focused on surface mining processes. Terex is well-positioned in this industry with leading products like mining trucks and hydraulic excavators that are used across major mining end markets globally.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product categories and geographies. Terex Construction is currently undergoing process improvements and restructuring to optimize costs and margins as North American and Western European markets have softened. However, emerging markets continue to see strong growth and present opportunities. Terex Construction's goals are to achieve $12 billion in sales and 12% operating margins by 2010 through initiatives in supply chain efficiency, pricing discipline, and acquisitions integration.
This document provides an overview of Terex Corporation and its business segments. It discusses how Terex is positioned for long-term trends in global construction and energy demand. It also notes that while the current economic environment presents near-term challenges, Terex has leading market positions and is taking actions to manage through the downturn such as reducing production and costs. Key long-term drivers for Terex's business are expected to be growth in developing markets and infrastructure and energy projects.
This document provides an overview of Terex Corporation and its business segments. It discusses how Terex is a diversified equipment company with balanced business and geographic segments. It notes that while the near-term outlook is challenging due to the economic slowdown, Terex is well-positioned for long-term infrastructure and energy trends. The summary outlines responses Terex is taking to address the current market conditions, such as production reductions and focus on operational improvements.
Terex provides a presentation containing forward-looking statements about its business and financial performance. It warns that actual results could differ materially from expectations due to risks including economic conditions, competition, regulations, and access to capital. Terex aims to delight customers, attract top talent, and be the most profitable and responsive company in its industry. It has a diversified portfolio of equipment businesses and geographic presence.
This document provides an overview of an investment analyst meeting held by Terex Corporation. The agenda outlines presentations on Terex's strategic overview, financial update, business operations, developing markets, and individual business segments. Terex positions itself as a diversified equipment manufacturer with businesses in aerial work platforms, construction, cranes, materials processing and mining, and other areas. It aims to benefit from long-term infrastructure growth trends and have a leading market presence in its categories. The meeting will provide analysts with details on Terex's businesses, markets, and financial and operating goals.
This document provides an overview of an investment analyst meeting held by Terex Corporation. The agenda outlines presentations on Terex's strategic overview, financial update, business operations, developing markets, and individual business segments. The document discusses Terex's diversified portfolio across industries and geographies, positioning in long-term trends such as global construction and mining, and leadership in its product categories. Senior management is introduced who will provide details on each business segment and on leveraging the company as a whole. Goals for 2010 include improving financial and operational metrics.
The document provides an overview of a European non-deal road show presentation by Terex executives. It introduces the executive team members participating in the road show and provides forward-looking statements about Terex's business outlook. The presentation discusses Terex's strategy of building a stronger, more profitable company through improved capabilities, diverse end market exposure, and a focus on returning strong returns on invested capital. It highlights Terex's positioning for attractive long-term growth opportunities through its product segments, geographies, and ability to deliver value to customers.
This document contains the presentation from Tim Ford, President of Terex Aerial Work Platforms, at the JPMorgan Basics & Industrials Conference on June 4, 2008. Ford discusses the strong sales growth and global expansion of Terex AWP over the past decade. He outlines the secular growth drivers of the aerial work platform industry and Terex AWP's strategy to further strengthen and globalize its business, maximize revenue and profit from its large installed base, and extend its product offerings beyond aerials. Ford also highlights opportunities to apply lean principles more broadly across the value chain through partnerships with customers and suppliers.
This document contains the presentation from Tim Ford, President of Terex Aerial Work Platforms, at the JPMorgan Basics & Industrials Conference on June 4, 2008. Ford discusses the strong sales growth and global expansion of Terex AWP over the past decade. He outlines the secular growth drivers for the aerial work platform industry and Terex AWP's strategies to further strengthen and globalize its business, maximize revenue and profit from its large installed base, and extend its product offerings beyond aerials. Ford also highlights opportunities to apply lean principles more broadly across the value chain and customer relationships.
1) Terex Materials Processing & Mining (MP&M) is a $2.4 billion provider of surface mining and aggregate equipment solutions worldwide.
2) MP&M has a solid foundation of products, geographic presence, and talent, and is pursuing profitable growth through its machinery and aftermarket businesses.
3) The mining equipment market is experiencing trends toward larger-size machines, higher production rates, and lower costs per ton to help overcome challenges in skilled labor shortages.
This document summarizes a presentation by Terex Corporation at a Morgan Stanley conference. It begins with forward-looking statements and information on Terex's diversified portfolio of equipment businesses. It then discusses why Terex is well positioned for long-term trends in industries like mining and construction. Finally, it outlines Terex's goals to achieve $12 billion in sales with 12% operating margins and 15% working capital to sales by 2010.
Terex Corporation produces equipment for construction, infrastructure, mining and other industries. It has a diversified portfolio of businesses including cranes, aerial work platforms, material processing, mining equipment, construction equipment, and roadbuilding equipment. Terex has the broadest portfolio of equipment businesses in the industry, with exposure to commodity, construction, and post-construction economic drivers globally. It aims to be the most responsive, profitable and best place to work in the industry through its purpose, mission and vision.
Global Construction and Mining Machinery/Equipment IndustryReportLinker.com
This report analyzes the worldwide markets for Construction & Mining Machinery/Equipment in Units by the following product segments - Mini Excavators, Wheeled Loaders, Crawler Excavators, Skid Steer Loaders, Backhoe Loaders, and Asphalt Pavers /Finishers. The report provides separate comprehensive analytics for the US, Canada, Japan, China, Europe, and Rest of World. Annual estimates and forecasts are provided for each region for the period 2007 through 2015. A seven-year historic analysis is also provided for these markets. The report profiles 315 companies including many key and niche players such as Atlas Copco, Bucyrus International, Caterpillar, Inc., CNH Global, Dingsheng Tiangong Construction Machinery Co., Ltd., Doosan Infracore, Deere & Co., Hanta Machinery Co., Ltd., Hitachi Construction Machinery, JCB Ltd., JLG Industries, Inc., Joseph V
1) The annual shareholder meeting presentation discusses Terex Corporation's financial goals for 2010, including achieving $12 billion in sales with a 12% operating margin and 15% working capital to sales ratio.
2) It provides an overview of Terex's business segments and their market positions, with approximately 75% of sales generated in markets where Terex has a leading position.
3) The presentation highlights Terex's sales and backlog figures by business segment for the last twelve months through March 2008, with aerial work platforms sales up 9% and cranes sales up 26% compared to the prior year.
This document discusses the importance of context in software development. It notes that without understanding the context, software can become too rigid or technical. It also discusses the need to represent the same real-world instrument, such as a futures contract, differently based on the context of trading, financial, or market systems. The document advocates for frequent communication between developers and customers to ensure the software properly accounts for necessary contexts.
SAIC's employees are dedicated to delivering innovative solutions to support clients worldwide, particularly those on the front lines of homeland security and the war in Iraq. The document discusses several ways SAIC supports homeland security, including through emergency preparedness and response training, securing borders and transportation, and responding to nuclear, biological, and chemical threats. SAIC has extensive experience supporting government agencies and was chosen to integrate the new Department of Homeland Security's data network.
This document provides a 3-page annual report for SAIC, a technology and engineering company, for their 35th anniversary in 2004. It summarizes SAIC's history and accomplishments over 35 years, including helping analyze nuclear weapons, undertaking projects in nuclear energy and healthcare, and solving difficult problems for customers in many fields. It discusses SAIC's continued commitment to employee ownership and customer focus. The message to stockholders outlines SAIC's strategies under new CEO Ken Dahlberg to better serve customers, recommit to traditional values, and drive continued growth, including reorganizing into fewer customer-focused units and setting a goal to double the company's value in 5 years.
SAIC delivered strong financial and technical performance in fiscal year 2005. Revenues increased 23% to $7.2 billion and operating income rose 24%. SAIC won many new contracts and saw record contract awards and backlog. Going forward, SAIC aims to capture larger systems integration contracts while maintaining an entrepreneurial culture and pursuing new opportunities in areas like digital oilfield technology. SAIC also seeks to strengthen workforce diversity and development.
The document is SAIC's annual report for fiscal year 2006. It summarizes SAIC's financial performance for the year, highlighting increased revenues of $7.8 billion, net income of $927 million, and diluted earnings per share of $5.15. It also outlines SAIC's strategic business areas of homeland security, intelligence solutions, defense transformation, logistics and transportation, systems engineering and integration, and research and development. The report discusses SAIC's response to hurricanes Katrina and Rita and its commitment to customers, employees, and shareholders.
SAIC provides technical solutions and operational support to government agencies and commercial customers in key areas such as homeland security, intelligence, defense, logistics, and IT. In fiscal year 2007, SAIC achieved revenue growth of 7% and operating income growth of 19% while making strategic acquisitions to expand capabilities. SAIC is committed to executing strategies to accelerate organic growth, expand operating margins, and make additional strategic acquisitions.
1) SAIC achieved strong financial results in FY2008, with revenues of $8.94 billion, up 11% from FY2007, and operating income of $666 million, up 16% from the previous year.
2) SAIC completed strategic acquisitions to expand in energy, infrastructure, and environment areas and appointed a new COO, Larry Prior, to lead organizational transition efforts.
3) Project Alignment is a major multi-year initiative to improve performance by integrating HR, finance, IT and other functions into a shared services model across the company.
The document provides an overview of Terex Corporation for a May 2008 investor conference. It discusses Terex's purpose, mission, and vision. It summarizes Terex's sales, operating profit, and geographic diversity for 2007. It also outlines goals to achieve $12 billion in sales and 12% operating margin by 2010. Finally, it discusses opportunities to improve margins through pricing actions, supply management, productivity initiatives, and The Terex Way values.
The document provides an overview of Terex Corporation and its business segments for an investor conference. It summarizes that Terex has a diversified portfolio across industries and geographies that provides balance through economic cycles. It also outlines opportunities to improve margins through pricing actions, supply management initiatives, and productivity improvements. The goal is to achieve $12 billion in sales and a 12% operating margin by 2010.
The document provides an overview of Terex Corporation for a Merrill Lynch conference. It discusses Terex's purpose, mission, and vision. It also summarizes Terex's diversified business segments and product lines, with aerial work platforms, construction equipment, cranes, material processing and mining equipment being the largest segments. The document outlines Terex's goals for 2010 of achieving $12 billion in sales and 12% operating margins.
The document provides an overview of Terex Corporation from its Basics Industrials Conference presentation on May 8, 2008. It discusses Terex's purpose, mission, and vision. It highlights Terex's strong and diversified revenue base, with income from operations increasing 36% in 2007 and 28% in Q1 2008. It outlines Terex's goals for 2010 of $12 billion in sales and 12% operating margin. The document also provides an overview of each of Terex's business segments.
Terex Corporation provides forward-looking statements and non-GAAP measures in their presentation. Their purpose is to improve people's lives around the world through their construction equipment. Their mission is to delight customers with high-quality products and services that exceed expectations. Their vision is to be the most customer-responsive, profitable, and desirable place for employees to work in the industry. Terex has a strong and diversified revenue base globally, with income and sales growing significantly in recent years. They are the 3rd largest construction equipment manufacturer in the world, with over 75% of sales where they have a strong market presence.
The annual shareholder meeting presentation covered the following key points in 3 sentences:
Terex aims to achieve $12 billion in sales and 12% operating margin by 2010 through executing on supply chain management, pricing discipline, and lean initiatives to improve margins. The company has a diverse portfolio of products and geographic presence to balance performance across economic cycles. Opportunities for margin improvement include coordinating supply efforts, optimizing manufacturing footprint, and pricing actions to offset rising costs.
Terex Corporation provides forward-looking statements and non-GAAP measures in their presentation. Their purpose is to improve people's lives around the world through their construction equipment. Their mission is to delight customers with high-quality products and services that exceed expectations. Their vision is to be the most customer-responsive, profitable, and desirable place for employees to work in the industry. Terex has a strong and diversified revenue base globally, with income and sales growing substantially in recent years. They are the third largest construction equipment manufacturer in the world, with over 75% of sales where they have a strong market presence.
Terex is a leading manufacturer of construction and mining equipment with strong market positions. It aims to grow sales to $12 billion by 2010 through executing on initiatives to improve supply chain management, pricing discipline, and productivity. Terex has a diversified business across products and geographies to balance performance through different economic cycles.
Terex is a leading manufacturer of construction and mining equipment with sales of $9.1 billion in 2007. It aims to grow sales to $12 billion by 2010 through organic growth and acquisitions while improving operating margins to 12% and reducing working capital to sales ratio to 15%. Terex has a diversified business across products and geographies that provides balance throughout the economic cycle.
Terex is the 3rd largest manufacturer of construction equipment in the world based on last twelve months of available Construction Equipment Sales. Terex has a strong and diversified revenue base with almost 70% of 2007 sales generated outside of the USA. Approximately 75% of 2007 sales were generated in markets where Terex has a larger market presence than competitors and/or a significant market share.
Sales and backlog for Terex's business segments through March 31, 2008:
- Aerial Work Platform sales increased 9% with backlog up 4% from the previous period.
- Crane segment sales rose 26% and backlog grew 70% over the same period.
- Material Processing & Mining sales were flat while backlog declined slightly.
Overall, Terex is experiencing growth across most segments though some backlogs decreased slightly from the prior period.
1) Terex is the 3rd largest manufacturer of construction equipment in the world, with sales of $10.1 billion over the last 12 months.
2) Terex aims to achieve $12 billion in sales and 12% operating margin by 2010, describing this goal as "12 by 12 in '10".
3) Terex has opportunities to improve margins through better pricing, supply chain management, and productivity initiatives. Reducing working capital, especially inventory, could free up hundreds of millions of dollars.
1) Terex is the 3rd largest manufacturer of construction equipment in the world, with sales of $10.1 billion over the last 12 months.
2) Terex aims to achieve $12 billion in sales and 12% operating margin by 2010, describing this goal as "12 by 12 in '10".
3) Terex has opportunities to improve margins through better pricing, supply chain management, and productivity initiatives. Reducing working capital, especially inventory, could free up hundreds of millions of dollars.
Terex will acquire Fantuzzi Industries, a global leader in port equipment, for €215 million. Fantuzzi has 2007 revenues of €447 million and provides a range of port equipment including straddle carriers, rail/rubber tired gantry cranes, reach stackers, and mobile harbor cranes. The acquisition will expand Terex's crane portfolio, provide exposure to new attractive end markets in infrastructure, and is expected to be accretive to EPS by the end of 2009. Fantuzzi has factories and sales offices globally and market leading positions in straddle carriers and reach stackers.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Unlock Your Potential with NCVT MIS.pptxcosmo-soil
The NCVT MIS Certificate, issued by the National Council for Vocational Training (NCVT), is a crucial credential for skill development in India. Recognized nationwide, it verifies vocational training across diverse trades, enhancing employment prospects, standardizing training quality, and promoting self-employment. This certification is integral to India's growing labor force, fostering skill development and economic growth.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Applying the Global Internal Audit Standards_AIS.pdf
TEX111808
1. Sterne Agee Global Industrial
Infrastructure Investor Trip
November 18, 2008
Steve Filipov
President,
Developing Markets & Strategic Accounts
2. Forward Looking Statements & Non-GAAP Measures
The following presentation contains forward-looking information based on the current expectations of Terex Corporation.
Because forward-looking statements involve risks and uncertainties, actual results could differ materially. Such risks and
uncertainties, many of which are beyond the control of Terex, include among others: our business is highly cyclical and weak
general economic conditions may affect the sales of its products and its financial results; our business is sensitive to
fluctuations in interest rates and government spending; the ability to successfully integrate acquired businesses; the retention
of key management personnel; our businesses are very competitive and may be affected by pricing, product initiatives and
other actions taken by competitors; the effects of changes in laws and regulations; our business is international in nature and
is subject to changes in exchange rates between currencies, as well as international politics; our continued access to capital
and ability to obtain parts and components from suppliers on a timely basis at competitive prices; the financial condition of
suppliers and customers, and their continued access to capital; our ability to timely manufacture and deliver products to
customers; possible work stoppages and other labor matters; our debt outstanding and the need to comply with restrictive
covenants contained in our debt agreements; our ability to maintain adequate disclosure controls and procedures, maintain
adequate internal controls over financial reporting and file its periodic reports with the SEC on a timely basis; the previously
announced investigations by the SEC and the Department of Justice; compliance with applicable environmental laws and
regulations; product liability claims and other liabilities arising out of our business; and other factors, risks, uncertainties more
specifically set forth in our public filings with the SEC. Actual events or the actual future results of Terex may differ materially
from any forward looking statement due to those and other risks, uncertainties and significant factors. The forward-looking
statements speak only as of the date of this presentation. Terex expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement included in this presentation to reflect any changes in
expectations with regard thereto or any changes in events, conditions, or circumstances on which any such statement is
based.
Non-GAAP Measures: Terex from time to time refers to various non-GAAP (generally accepted accounting principles)
financial measures in this presentation. Terex believes that this information is useful to understanding its operating results
and the ongoing performance of its underlying businesses without the impact of special items. See the Investors section of
our website www.terex.com for a complete reconciliation.
2
3. Who is Terex
• Diversified Portfolio of Equipment Businesses
• Positioned for Continuing Long - Term Trends
• Leader In Our Categories and Our Industry
• Leveraging the Power Of One Company
AERIAL WORK MATERIALS PROC.
CRANES
PLATFORMS AND MINING
ROADBUILDING AND
CONSTRUCTION
UTILITIES
3
4. Where We Are Today
Leader in Our Categories and Our Industry
Terex is one of the Largest Manufacturers of
Construction Equipment in the World
$31.6 Based on last twelve months of available Construction Equipment Sales ($’s in Billions)
$19.9
$10.4 $9.2 $8.7 $8.1
$5.3 $5.1 $4.8 $4.5 $4.4 $4.1
Caterpillar (1) Komatsu (2) Terex Hitachi (3) Volvo (4) Liebherr (7) Sandvik (10) CNH Global (8) Deere (5) JCB (7) Doosan (6) Oshkosh (9)
(1) Represents Machinery sales for the last twelve months ended Sep 30, 2008; excludes (7) Estimated, as these are privately owned companies:
Engine and Financial Product sales. JCB: 2007 sales of GBP 2.25 billion converted at Dec 31, 2007 GBP/USD rate of
(2) Represents Komatsu’s Construction, Mining & Utility Equipment segment as of Sep 30, 1.9870
2008 converted at an exchange rate of JPY/USD of 106.35 Liebherr: 2007 Cranes/Mining/Construction sales of EUR 5.5 billion converted at Dec
(3) Exchange rate used as of Sep 30, 2008 of USD/JPY 106.35 31, 2007 EUR/USD rate of 1.4598
(4) Represents Volvo’s Construction Equipment segment as of Sep 30, 2008 converted at (8) Represents CNH Global’s Construction Equipment Segment as of Sep 30, 2008
an exchange rate of USD/SEK 6.9252 (9) Represents Access & Commercial (both concrete & refuse trucks) for the 12 months
(5) Represents Deere’s Construction and Forestry segment as of July 31, 2008 ended Sep 30, 2008.
(6) Represents 2007 Construction Equipment sales of $1.5 billion converted at an exchange (10) Represents Mining & Construction sales through Sep 30, 2008 converted at an
rate at Dec 31, 2007 of KRW/USD 936.07 plus estimated 2007 bobcat sales of $2.9 exchange rate of SEK/USD 6.9252
billion
4
5. Diversified Portfolio of Product Leaders
Leader in Our Categories and Our Industry
Approximately 75% of 2007 sales were generated
in markets where Terex has significant market presence
AERIAL WORK CRANES MP&M
PLATFORMS
• All Terrain Cranes (top 2) • Hydraulic Excavators (top 3)
• Articulated boom lifts (top 2)
• Rough Terrain Cranes (top 3) • Mining Trucks (#3)
• Telescopic boom lifts (top 2)
• Tower Cranes (#3) • Surface Drills (# 3)
• Scissor lifts (top 3) • Crushing & Screening (#1)**
• Large Crawlers (#1)
• NA Telehandlers (#2) • Port Cranes (top 2)* • Highwall Miners (#1)
ROADBUILDING AND
CONSTRUCTION
UTILITIES
• Compact Track Loaders (#1)
• Front Discharge Mixers (#1)
• Material Handlers (#2 or 3)
• Insulated Aerials (#2)
* Including pro forma impact of Fantuzzi acquisition; ** Mobile Equipment
5
6. Segment and Geographic Diversification
Diversified Portfolio of Equipment Businesses
2007 Sales by Segment 2007 Sales by Geography
RBU
7%
Developing
AWP
Markets
25%
22% W. Europe
Construction
Japan / ANZ 37%
21%
7%
MP&M Cranes USA /
23% 24% Canada
34%
$ 9.1 Billion
$ 9.1 Billion $ 9.1 B
$ 9.1 B
Balanced by business; Balanced geographically
6
7. Developing Markets Summary
• ~$2.3 billion* of sales were from developing countries, growing
at more than 3x the overall growth rate for Terex
• Near-term uncertainty caused by the global credit crisis
tempered by long-term need and priority for continued
infrastructure investment
• 4,000 team members operating from more than 30 company
and joint venture facilities in developing markets
• Goal of $4 billion sales at the end of 2010
- Current environment makes this goal more challenging
- Still guiding our thinking as to how we deploy
* Last 12 months sales as through Q3 2008 7
8. Terex: Developing Markets Growth
DEVELOPING MARKET DEVELOPING MARKET
SALES GROWTH ($) SALES BY BUSINESS ($)
RBU
Africa AWP
Middle East Construction
Latin America
MP&M
Russia/ E. Europe
Cranes
Asia, ex. Japan
2004 2005 2006 2007 2004 2005 2006 2007
22% of 2007 sales * Broad Based Global Growth
42% CAGR 2004 - 2007 Strongest In 3 Businesses
* Developing market sales represented approximately 24% of sales YTD through Q3 2008 and 26% of Q3 2008 sales
8
10. Developing Market Changing Outlook
April 2008 Outlook October 2008 Outlook
April 2008 vs. Present
April 2008 vs. Present
•• Downward revisions
Downward revisions
due to global economic
due to global economic
conditions
conditions
•• Weak 2009 consensus
Weak 2009 consensus
forecasts for USA and
forecasts for USA and
Europe
Europe
•• Uncertainty regarding
Uncertainty regarding
near term growth
near term growth
•• Continuing risk to the
Continuing risk to the
downside until credit
downside until credit
crisis begins to ease
crisis begins to ease
Source: IMF World Economic Outlook, April 2008 Source: IMF World Economic Outlook, October 2008
10
11. Most current outlooks for major developing markets (10/
2008)
Current Outlook for Growth
Outlook for Real GDP Growth:
15
Developing World (Nov. 2008) •• Pressure on exports will hurt all
Pressure on exports will hurt all
12
developing markets ––some worse
developing markets some worse
than others
than others
9 –– Exports slowed by softer trade
Exports slowed by softer trade
6
–– Commodities weaker
Commodities weaker
3
•• International investment spending
International investment spending
down, but offset in part by
down, but offset in part by
0 increased government spending
increased government spending
'04 '05 '06 '07 '08 '09 '10 '11 '12
China India Russia/ CIS •• Governments appear committed to
Governments appear committed to
SA/ Mexico ME/ N. Africa Southern Africa infrastructure investments as key to
infrastructure investments as key to
near and long term growth
near and long term growth
•• Implies continuing equipment
Implies continuing equipment
•• Outlooks shifting downwards, but
Outlooks shifting downwards, but demand despite softer economic
demand despite softer economic
rates of anticipated growth are high
rates of anticipated growth are high conditions
conditions
•• Full impact of the financial crisis
Full impact of the financial crisis
remains unclear but most believe
remains unclear but most believe
that growth will be sustained
that growth will be sustained
Source: Analysis of data from the Economist Economic Intelligence Unit (EIU) 11
12. Near Term Realities
Developing Markets: Downside Risks Developing Markets: Upside Potential
• Tightening of global credit delays • Governments continue to provide
projects and stalls procurement of monetary stimulus to develop
capital goods infrastructure and create jobs,
providing significant employment
• “Reforms” to global financial and opportunities for our products
markets put unintended
constraints on continued growth in
developing economies
• The global economy confronts
another major shock (terror attack,
military conflict, etc.)
12
13. Long Term Prospects
Developing Markets: Downside Risks Developing Markets: Upside Potential
• Near term situation creates • Stability returns to global financial
instability that causes some markets
economies to underperform their
potential
• Recent/continuing investments in
infrastructure drive continued
expansion
• Local consumption becomes the
driver for developing market
growth
• Upward spiral of wealth creation is
restored
13
14. Strategy for Developing Markets
Accelerate
Accelerate • Remove roadblocks, accelerate
progress we are
progress we are investments, etc. to enable faster growth
already making
already making where traction has already been achieved
Broaden benefits
Broaden benefits • Leverage synergies between businesses
from the progress
from the progress to achieve greater overall benefit from
we make
we make market progress that is made
Establish traction in
Establish traction in
high potential but
high potential but
• Facilitate entry by Terex businesses into
under-penetrated
under-penetrated high growth developing markets where we
geographies
geographies are currently under-represented
Pursue “white
Pursue “white • Identify and pursue opportunities in
space” opportunities
space” opportunities developing markets that offer growth
that might have been
that might have been
missed
potential but sit outside the domain of
missed current Terex businesses
14
15. Russia Remains Committed to Infrastructure
Projects
November 6, 2008 – Reuters
Story on infrastructure:
• Tender awarded for ~$1.3 billion railroad in
the far eastern republic of Yakutia
• The 400-kilometre state-funded line will allow
access to natural resources such as coal,
diamonds & natural gas
• Russia has a $1 trillion plan to develop its
infrastructure over the next 10 years.
• Railroad project is among the first to go
forward since the onset of the global financial
crisis.
• Tender was awarded in October to build the
first stage of a motorway from Moscow to St.
Petersburg.
• These projects are “… signaling that Russia
is still committed to renewing its
infrastructure despite the financial turmoil.”
[bold font added by Terex]
Troika Dialog, Russia’s Investment Story, Sept. 2008
15
16. China Infrastructure Investment
November 9, 2008 – Bloomberg
China Stimulus Package
• China's State Council
announced a $586 billion
economic stimulus package
• To be used by the end of 2010
• The Central Bank will pursue a
``moderately loose'' monetary
policy
• Size of stimulus package is
equivalent to almost a fifth of the
country's 2007 GDP
• The extra spending may boost
the nation's economic growth by
2% next year, said Xing Zigiang,
an economist at China
International Capital Corp. in
Beijing
16
17. Panama Canal Project Moving Forward
The Panama Canal Authority announced approval for a $2.3 billion
financing package on October 14, 2008 for the Canal Expansion
Program. Canal generated cash flow will finance the remainder of the
$5.25 billion project.
Two Terex hydraulic excavators working at the Panama Canal expansion project
17
18. Brazil – PAC Program
Destination of investments in USD
2007 to 2010 (4 years)
Logistics
Social & Transports
and Urban
US$ 36 Bi
US$ 106 Bi Total:
US$ 315 Bi
Energy
US$ 173 Bi
Source: Brazilian Government
18
19. Brazil – PAC Program
Results up to September 2008:
• 190 projects finished – US$
13.6 Billion (R$ 30.6 Billion)
• 87 Logistics & Urban
• 106 Energy
Project progress:
• 59% of total under
Construction
• 86% on course
• 5% red flags
• 1% delayed Terex RH 340 hydraulic excavator at work in the
• 20% in Bidding phase mining site of Carajás, PA - Brazil
• 12% project phase
• 9% concluded
Source: 5th PAC Balance Report Sep/2008
19
20. Brazil - Other Important Projects
Extension of the Sao Paulo
Subway System
• Over 9 Billion USD
World Cup 2014
• Estimated 20 Billion USD
CSA ThyssenKrupp
• Over 5 Billion USD
CSN Sepetiba
• Over 3 Billion USD
Estaleiro Atlântico Sul
• Over 1 Billion USD
Terex RT crane assembling Terex Tower crane at
the hydroelectric plant of Dardanellos, MT - Brazil
20
22. Strong Presence in Latin America
Miami, Florida
Mexico City Sales location
Sales/Service location 6 team members
8 team members
Santiago, Chile
Terex Mining location
10 team members
Sao Paulo, Brazil
Terex Latin America Headquarters
Porto Alegre, Brazil 62 team members
Roadbuilding/Asphalt Plant Manufacturing
250 team members
22
23. Cross-selling of All Terex Products
• Geographic sales approach to
the Latin American market
rather than by each individual
Terex product Segment
• Selling all Terex products in
Latin America
• Growing dealer network
including dealers that only
carry Terex equipment
• Rental channel is developing
quickly in certain markets
such as Brazil
Growing distribution network
23
24. Terex Latin America Highlights
• 4 year compounded
annual growth rate (CAGR) 62% Sales in
through 2007 of 62% from Latin America
CAGR
a growing customer base
• Doubled number of
dealers over last 12
months
• Tripled number of rental
partners over last 12 20
04
months as the rental
20
05
channel develops in
20
06
certain markets
20
07
24
25. Developing Markets Summary
• ~$2.3 billion* of sales were from developing countries, growing
at more than 3x the overall growth rate for Terex
• Near-term uncertainty caused by the global credit crisis
tempered by long-term need and priority for continued
infrastructure investment
• 4,000 team members operating from more than 30 company
and joint venture facilities in developing markets
• Goal of $4 billion sales at the end of 2010
- Current economic environment makes this goal more
challenging
- Still guiding our thinking as to how we deploy
* Last 12 months sales as through Q3 2008 25