Driving Forward Together
Q3 2023 Highlights
✓ Q3 results reflected good execution on new equipment deliveries against order backlog and
favourable operating leverage
✓ Equipment Group - prime product delivery executed well on deliveries of several large
customer orders, despite some softening in demand for equipment in the construction
markets, rental and product support reported strong market activity & technician headcount
✓ CIMCO – Package deliveries improved on advancement of project construction and
improved execution product support activity continued to increase
✓ Operational leverage & efficiencies contributing to the bottom line; persistent inflationary
pressures continue
✓ Backlog of $1.2 billion down 11% Y/Y while Q3 Bookings down 5% (YTD up 5%), a
reflection of improving availability, factors overriding normal seasonality and some caution in
buying.
✓ Financial position remains strong - liquidity well-positioned to support customer
requirements & growth opportunities
✓ Team continues to execute safely in support of customer needs
TOROMONT
DRIVING FORWARD TOGETHER
ALLER DE L'AVANT ENSEMBLE
5View entire presentation