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Results Q2/2006 1 Q2: STRONG GROWTH AND MARGIN IMPROVEMENT CONTINUES 3 August, 2006 Pekka Lundmark, President & CEO.

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Presentation on theme: "Results Q2/2006 1 Q2: STRONG GROWTH AND MARGIN IMPROVEMENT CONTINUES 3 August, 2006 Pekka Lundmark, President & CEO."— Presentation transcript:

1 Results Q2/ Q2: STRONG GROWTH AND MARGIN IMPROVEMENT CONTINUES 3 August, 2006 Pekka Lundmark, President & CEO

2 Results Q2/ Highlights Q2/06 Strong Growth and Margin Improvement Continued Second quarter order intake set a new record: MEUR H1/2006 orders MEUR (growth 41.4 %, organic 21.7 %) H1/2006 sales MEUR (growth 48.9 %, organic 28.7 %) H1/2006 operating profit (EBIT) 35.0 MEUR (13.9 MEUR) H1 EBIT margin improved to 5.5 % (3,2 %), Q2 margin to 6.2 % (3,8 %) H1 net income was 20.7 MEUR (-0.6 MEUR) and EPS 36 cents (-1 cent) Acquisition of MMH Holdings, Inc completed and integrated 1 June, 2006 Full year sales growth expectation raised from “over 35%” to “40-45%”

3 Results Q2/ Orders Received Q1/02 Q2/02Q3/02Q4/02Q1/03Q2/03Q3/03Q4/03Q1/04 Q2/04 Q3/04Q4/04Q1/05Q2/05Q3/05Q4/05Q1/06Q2/06 Meur

4 Results Q2/ Q1/2002Q2/2002Q3/2002Q4/2002 Q1/2003Q2/2003 Q3/2003Q4/2003Q1/2004Q2/2004Q3/2004Q4/2004Q1/2005Q2/2005Q3/2005Q4/2005 Q1/2006Q2/2006 Order Book Meur

5 Results Q2/ Maintenance ServicesSpecial Cranes Standard Lifting Equipment Order Book by Business Area Q1/05Q2/05Q3/05Q4/05Q1/06Q2/06 MEUR

6 Results Q2/ Pierre Boyer (46), graduate from HEC, France President, Region EMEA and member of the KCI Konecranes Executive Board effective 1 Sept, 2006 Currently head of Carrier Corporation’s Refrigeration operations in the Nordic, Netherlands and EMEA areas New President, Region EMEA Appointed

7 Results Q2/ New Director, Marketing & Communications Appointed Michael Wegmüller (40), M.Sc. (Econ.) Director, Marketing & Communications and member of the Konecranes Executive Board effective 18 Sept, 2006 Currently Chief Operating Officer at Publicis Helsinki

8 Results Q2/ Paul Lönnfors (43), B.Sc. (Econ.) Investor Relations Manager effective as of 1 Sept, 2006 Currently Communications & IR Manager at KONE Corporation New Investor Relations Manager Appointed

9 Results Q2/ MMH figures included into KCI Konecranes for 1 month MMH Sales FY October 2005 apprx. 140 MEUR Debt-free acquisition price apprx. 56 MEUR Expected sales in June-December 2006 apprx. 90 MEUR, EBITDA margin expected at 8% and EBIT margin at 6% Expected positive EPS effect in 2006 of EUR 0.03, annualised the effect before synergies is EUR 0.06 Employs apprx. 990 people Leading P&H brand name Complementary product offering Large installed base to boost Maintenance Services in North America Local presence in USA, Canada, Mexico and Chile Acquisition of MMH Holdings, Inc.

10 Results Q2/ Coil Handling Crane Nuclear Dome Crane Hot Metal Ladle Crane Acquisition of MMH Holdings, Inc. Complements the Offering Good position in Steel, Nuclear Power and Wood Handling

11 Results Q2/ Net Sales

12 Results Q2/ EBIT EBIT Margin Operating Profit and Margin

13 Results Q2/ LTM Sales LTM EBIT Margin LTM Sales and Operating Margin

14 Results Q2/ Note: Sales numbers include internal sales Service Heavy Lifting Standard Lifting LTM2005 Sales Split by Business Area, %

15 Results Q2/ LTM 2005 Americas Asia-Pacific EU (w/o Nordic) Nordic & Eastern Europe Sales by Market Area, %

16 Results Q2/ OEM crane builders 4 % Others 5 % Pulp and paper 5 % Power plants 4 % Steel & other warehousing 3 % General Manufacturing 21 % 1 % Refuse Handling Automotive 3 % Primary metals 16 % Shipyards 3 % Resellers 10 % Petrochemical 3 % Construction 2 % Transport, Shipping 6 % Harbours 13 % Aviation, Aerospace 1 % LTM Sales by Industry LTM, %

17 Results Q2/ Sales by Industry LTM, %

18 Results Q2/ Maintenance Services Orders

19 Results Q2/ Growth in Maintenance Contract Base

20 Results Q2/ Maintenance Sales

21 Results Q2/ EBIT EBIT Margin Maintenance Operating Profit and Margin

22 Results Q2/ LTM Sales LTM EBIT Margin Maintenance LTM Sales and Operating Margin

23 Results Q2/ Standard Lifting Equipment Orders Q1/02Q2/02Q3/02Q4/02Q1/03Q2/03Q3/03Q4/03Q1/04Q2/04Q3/04Q4/04Q1/05Q2/05Q3/05Q4/05Q1/06Q2/06 MEUR

24 Results Q2/ Standard Lifting Equipment Sales

25 Results Q2/ EBIT EBIT Margin Standard Lifting Operating Profit and Margin

26 Results Q2/ LTM Sales LTM EBIT Margin Standard Lifting LTM Sales and Operating Margin

27 Results Q2/ Special Cranes Orders

28 Results Q2/ Special Cranes (12 month rolling) Orders

29 Results Q2/ Special Cranes Sales

30 Results Q2/ EBIT EBIT Margin Special Cranes Operating Profit and Margin

31 Results Q2/ LTM Sales LTM EBIT Margin Special Cranes LTM Sales and Operating Margin

32 Results Q2/ Net Income

33 Results Q2/ Return on Capital Employed

34 Results Q2/ Return on Equity

35 Results Q2/ Guidance Full Year 2006 At the moment we see no signs of slowing demand. Full year sales growth is expected to be %. The positive margin development is expected to continue.

36 Results Q2/ % Growth Growth Expectation Full Year 2006

37 Results Q2/ /2006 MEUR 1-6/2005 MEUR 1-12/2005 MEUR Sales Other operating income Depreciation Other operating expenses Operating income (EBIT) Share of result of associated companies and joint ventures Financial income and expenses Income before taxes Taxes -8.9*0.3*-10.0 Net income Earnings per share, basic (EUR) Earnings per share, diluted (EUR) * According to estimated tax rate Statement of Income

38 Results Q2/ /2006 MEUR 6/2005 MEUR 12/2005 MEUR Non-current assets Inventories Receivables and other current assets Cash and cash equivalents Total assets Equity Non-current liabilities Provisions Current liabilities Total equity and liabilities Gearing % Solidity % Equity/share, EUR Balance Sheet

39 Results Q2/ MEUR1-6/ /2005 Operating income before change in net working capital Change in net working capital Cash flow from operations before financing items and taxes Financing items and taxes Net cash flow from operating activities Net cash used in investing activities Cash flow before financing activities Dividends paid Change in interest bearing debt Proceeds from options excercised10.50 Net cash used in financing activities Translation differences in cash Change of cash and cash equivalents Cash Flow Statement

40 Results Q2/ Net Cash Flow from Operating Activities/Share

41 Results Q2/ MEUR 1-6/2006 MEUR 1-6/2005% Change Sales Operating Income (EBIT) Income before taxes Net Income Net cash flow from operating activities Net cash flow from operating activities per share Net interest bearing debt Net gearing (%) Solidity (%) Return on capital employed (%), LTM Return on equity (%), LTM Equity per share (EUR) Investments Personnel at end of period Personnel on average Key Figures

42 Results Q2/ Pekka Lundmark, President and CEO tel or Teuvo Rintamäki, Chief Financial Officer tel or Paul Lönnfors, Investor Relations Manager tel or


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