NACCO Materials Handling Group

Business Highlights

Leading Global Lift Truck Manufacturer

  • Leading market share positions with large installed population base
  • Comprehensive global product line recently introduced or undergoing significant redesign
  • Globally integrated operations with significant economies of scale

Leading Brands and Market Shares

Hyster® and Yale® are among the most recognized brands in the lift truck industry

  • Leading market share positions in the Americas and worldwide
  • Both brands in business for more than 75 years

Strong heritage customer base in complementary market segments

  • Hyster® – large, heavy-duty applications
  • Yale® – lighter-duty and warehouse applications

2008 market share in Class I through V industrial lift trucks in the Americas of 23%

  • 2008 global market share of 9%
  • Significant growth opportunities in Europe, Asia-Pacific and China

Comprehensive Product Line

  • Class 1: Electric counterbalanced rider lift trucks: 1 ton - 5.5 ton capacity
  • Class 2: Electric narrow aisle lift trucks: 1.5 ton - 6 ton capacity
  • Class 3: Electric hand lift trucks: 1.5 ton - 8 ton capacity
  • Class 4: Internal combustion engine counterbalanced lift trucks, cushion tire: 1 ton - 7 ton capacity
  • Class 5: Internal combustion engine counterbalanced lift trucks, pneumatic tire: 1 ton - 52 ton capacity

Global Scope of Operations

Global Economies of Scale

Large Global Installed Population

  • Estimated 831,000 Hyster® and Yale® lift trucks in operation worldwide (as of December 31, 2008)
  • Large installed base provides barrier to entry and assures ongoing parts revenue
  • Approximately 68% of total parts for the Hyster® and Yale® installed base are captured by NMHG in the Americas market (as of December 31, 2008)
  • Comprehensive global proprietary and “all-makes” service parts program
  • Service parts result in recurring, higher-margin revenues

Experienced Management Team

  • Strong team of long-term NMHG managers and executives with global experience
  • Supported by professionals recruited from leading industrial companies, such as Case, Toyota, Allied Signal and Brunswick

Highly Professional Dealers

  • Strong, stable network of independent dealers in key U.S. markets
  • Global operations supplying both Hyster® and Yale® dealer networks
  • Independently owned and operated dealers with exclusive product and sales territories
  • Strong global distribution drives market share

Leading National Accounts Program

  • Industry-leading, direct-sales national accounts program
  • Over 300 national accounts in a wide range of industries (as of December 31, 2008)
  • Key accounts, including Costco, International Paper, Lowe’s stores and Con Agra Foods
  • Industry-leading capabilities in fleet management and financial services in key markets
  • Growing global account program

Diversified Customer Base

  • NMHG markets industrial lift trucks into over 600 different end-user applications
    in 900 industries (as of December 31, 2008)
  • Top 10 customers accounted for approximately 33% of 2008 Consolidated unit sales
 
 


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