24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of the earliest event reported) August 9, 2018 MANITEX INTERNATIONAL, INC. (Exact Name of Registrant as Specified in Its Charter) Michigan 001-32401 42-1628978 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 9725 Industrial Drive, Bridgeview, Illinois 60455 (Address of Principal Executive Offices) (Zip Code) (708) 430-7500 (Registrant’s Telephone Number, Including Area Code) (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

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Page 1: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of the earliest event reported) August 9, 2018

MANITEX INTERNATIONAL, INC. (Exact Name of Registrant as Specified in Its Charter)

Michigan 001-32401 42-1628978

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

9725 Industrial Drive,

Bridgeview, Illinois 60455

(Address of Principal Executive Offices) (Zip Code)

(708) 430-7500

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the

following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this

chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any

new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Page 2: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Item 7.01 Regulation FD Disclosure

On August 9, 2018, the Company posted a slide presentation on its website. This slide presentation is incorporated herein by reference.

The information under Item 7.01 in this Current Report on Form 8-K, including the exhibits hereto, is being furnished and shall not be deemed “filed”

for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The

information under Item 7.01 in this Current Report on Form 8-K will not be incorporated by reference into any registration statement or other document

filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference. The

furnishing of the information under Item 7.01 in this Current Report on Form 8-K is not intended to, and does not, constitute a determination by the

Company that the information under Item 7.01 in this Current Report on Form 8-K is complete or that investors should consider this information before

making an investment decision with respect to any security of the Company.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits.

99.1 Manitex International, Inc. slide presentation posted on Company website August 9, 2018.

Page 3: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

EXHIBIT INDEX

Exhibit

Number Description

99.1 Manitex International, Inc. slide presentation posted on company website August 9, 2018.

Page 4: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the

undersigned thereunder duly authorized.

MANITEX INTERNATIONAL, INC.

By: /s/ DAVID J. LANGEVIN

Name: David J. Langevin

Title: Chairman and Chief Executive Officer

Date: August 9, 2018

Page 5: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

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Page 6: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

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fs a

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pecta

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om

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quid

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; sta

tem

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onc

ern

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rojecti

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re

dic

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s, e

xpectatio

ns, e

stim

ate

s o

r fore

ca

sts a

s to

ou

r busin

ess, f

ina

ncial a

nd o

pe

rati

ona

l re

sults

an

d f

utu

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ec

ono

mic

pe

rfo

rman

ce

; and s

tate

me

nts

of m

an

agem

ent’s

goa

ls a

nd o

bje

cti

ve

s a

nd o

ther s

im

ilar e

xpressio

ns c

once

rnin

g m

atte

rs th

at a

re

not h

isto

rica

l fa

cts. I

n s

om

e c

ase

s, y

ou

ca

n id

entif

y f

orw

ard-lo

okin

g s

tate

me

nts

by te

rm

inolo

gy suc

h a

s “

antic

ipa

te,”

“e

stim

ate,”

“p

lan,”

“pro

ject,”

“conti

nuin

g,” “

ongo

ing,”

“exp

ec

t,” “

web

eli

ev

e,”

“w

e i

nte

nd,”

“m

ay,”

“w

ill,”

“should

,” “

could

,” a

nd s

imila

r expre

ssions. S

uc

h s

tate

me

nts a

re

ba

se

d o

n c

urren

t pla

ns, e

stim

ate

sand e

xpe

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nd

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now

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nd

unkno

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isk

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unc

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the

Com

pany’s fu

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to d

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. Th

ese

fa

ctors

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al in

form

atio

n a

re d

isc

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the

Co

mpa

ny’s f

ilin

gs w

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the S

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xc

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Co

mm

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nd s

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in t

his

pre

se

nta

tion s

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ld b

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valua

ted

in li

ght o

f the

se i

mpo

rtant f

ac

tors. A

lth

oug

hw

e belie

ve t

ha

t the

se

sta

tem

ents a

re b

ase

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rea

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ble

assum

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uture r

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. Forw

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ts s

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e d

ate

on

wh

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re m

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e C

om

pa

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nd

erta

ke

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blig

ati

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upda

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ew

inform

atio

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uture

de

ve

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me

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rwise

. Non-G

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ea

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m tim

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cco

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rin

cip

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nc

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ea

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s in

th

is p

rese

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tion. M

anite

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elie

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at t

his

info

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tion

is

use

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o u

nde

rsta

ndin

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s o

pe

ratin

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ithout t

he i

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ct o

f s

pe

cia

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s. S

ee

Ma

nit

ex’sQ

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arnin

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e I

nve

sto

r Re

latio

ns s

ectio

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f o

ur w

ebsite

ww

w.m

anit

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atio

na

l.com

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sc

rip

tion a

nd/o

r re

co

ncilia

tion o

f th

ese m

ea

sure

s. N

AS

DA

Q : M

NT

X 2

Page 7: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Why

We a

re H

ere T

oda

y-In

vestm

ent C

onsid

era

tions •

IM

PR

OV

IN

G O

UT

LO

OK

in 2

018

as m

arket c

ontin

ues to

stre

ngthen

: ïƒ~

2018

yea

r to

date s

ale

s o

f $120.6

mill

ion r

epresents 3

1%

grow

th a

nd b

ack

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s o

f 6

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018 o

f $

75

.6 m

illio

n is

an in

cre

ase o

f 59%

from

6/3

0/2

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ctio

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ted t

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ase

along w

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ma

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s, a

nd E

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DA

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018 c

om

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2017 ï

ƒ~

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IGN

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ew

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artic

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rly

for P

M, g

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, from

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ing to

ma

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tri

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now

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DE

LE

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GIN

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clude

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re

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ents a

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ew

eq

uity

partn

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adan

o L

td •

Ste

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cre

ase

in M

AR

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T S

HA

RE

in s

traight-

ma

st c

ra

ne

s la

st 5

yea

rs; p

ote

ntia

l to ta

ke

market s

ha

re f

or k

nu

ckle b

oom

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es v

ia P

M ïƒ

~ Y

TD

2018

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ht-

mast in

du

str

y o

rde

rs s

ho

ws c

ontin

ued

grow

th o

ver Y

TD

20

17 ïƒ

~ M

anit

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ained

3 p

erce

nta

ge

poin

ts o

f m

arke

t sh

are

in 2

017 v

ersus 2

016 a

nd 1

5 perc

en

tage p

oin

ts in

20

17 v

ersus 2

012; M

an

itexm

ark

et s

ha

re co

ntin

ue

s t

o c

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thu

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20

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an

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t sh

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orth

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ma

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t tha

t is 2

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ize

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e N

orth

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eric

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st c

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l pe

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for P

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nd M

anite

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as O

VE

R $

350

M in

net s

ales a

nd a

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$45

mill

ion in

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IT

DA

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ntia

l EA

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IN

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OW

ER

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rio

r pea

k le

ve

l; pro

duc

t mix h

as c

han

ged

the

ma

rgin

pro

file

aw

ay

fro

m l

ow

-m

argin

materia

ls h

an

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g b

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prim

ari

ly c

rane

bu

sin

esse

s N

AS

DA

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NT

X 3

Page 8: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Rece

nt H

ea

dlin

es- N

ew

Orde

rs, D

ea

ler A

dditio

ns, N

ew

Products

ï,§ J

uly

10, 2

018, M

anite

xInte

rnatio

na

l, Inc. A

nno

unc

es t

he

Addit

ion o

f A

LT

Sale

s L

LC

to

Artic

ula

ting C

rane

De

ale

r N

etw

ork ï,§

May 2

4, 2

018, M

anite

xIn

tern

ati

ona

l, Inc. A

nnoun

ce

s $

32.7

Millio

n E

quity

In

ve

stm

en

t by T

ada

no, L

td. ï,§

Marc

h 1

9, 2

018, M

an

itexInte

rnatio

na

l, Inc

. Anno

unc

es th

e A

ppointm

en

t o

f V

ersa

liftE

ast L

LC

. as a

Dis

trib

uto

r o

f M

anite

xK

nuc

kle B

oom

and

Aeria

l Lift p

roducts

ï,§

Ja

nua

ry 1

8, 2

018, M

anite

xIn

tern

ati

ona

l Anno

unc

es $

6.3

Milli

on O

rder t

o C

rop

ac

for 4

2 S

traig

ht M

ast C

ra

nesï,§

De

cem

be

r 5

, 2017

, Ma

nite

xInte

rna

tion

al W

elc

om

es C

oba

lt T

ruck E

quip

me

nt th

e P

M K

nu

ckle B

oom

Dea

ler N

etw

orkï,§

No

vem

be

r 17, 2

017

, Ma

nite

xInterna

tional W

elc

om

es F

alls

way

Equip

me

nt C

om

pa

ny a

s P

M K

nu

ckle B

oom

an

d T

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y B

oom

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ade

r d

eale

rï,§

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er 3

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017, M

an

itex I

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rna

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l We

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ran

e &

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y a

s K

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kle

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om

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ibutor, F

Lï,§

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r 1

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017, M

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. Expa

nds N

ort

h A

me

ric

an

Produ

ct

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e w

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62, tr

oll

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der, a

nd oth

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ts (

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ale

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l) N

AS

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Q : M

NT

X 4

Page 9: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Ta

da

no I

nv

estm

ent-

Ma

y 2

018 •

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ate

ly 2

.9M

sha

res o

f M

NT

X @

11.1

9/s

ha

re f

or $

32.7

milli

on; T

ada

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wn

s 1

4.9

% o

f M

anite

x •

Tadan

o n

am

es I

ngo S

chill

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reside

nt a

nd C

hie

f E

xecutiv

e O

ffi

ce

r o

f T

ad

ano

Am

eric

a C

orporatio

n t

o th

e M

anite

xB

oa

rd o

f D

irectors •

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an

o, w

ith o

ve

r $1.7

bil

lion

in g

lobal a

nnual s

ale

s, a

nd m

ore t

ha

n 3

,300

em

plo

ye

es, is

one

of th

e p

re

mie

r c

ra

ne

co

mpa

nie

s i

n th

e w

orld

with

a g

lob

al d

ea

ler a

nd d

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n n

etw

ork

•P

rio

r to

the

tran

sa

cti

on T

ada

no h

ad N

O k

nuck

le-b

oom

cran

e i

n its

produc

t portfo

lio

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ith p

roc

ee

ds, M

an

itexw

ill p

ay d

ow

n d

ebt, p

rocure t

he n

ec

essary

co

mpon

ents a

nd a

sse

mblie

s to

keep u

p w

ith

its g

row

ing b

ack

log, a

nd a

lloca

te th

e p

rope

r r

esource

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o in

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te P

M G

roup a

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cce

lerate m

arke

t pe

ne

tra

tion

and

ma

rgin

expa

nsion N

AS

DA

Q : M

NT

X 5

Page 10: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Debt S

um

ma

ry U

SD

mil

lions P

M/V

alla

(N

on-R

ec

ourse

) Man

itex T

otal W

ork

ing c

apita

l bo

rrow

ings 2

4.3

0.0

24

.3 B

ank t

erm

deb

t 26.8

0.0

26.8

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lease

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5.7

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le n

ote

s 2

1.5 2

1.5

To

tal d

ebt $

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sh

on h

and i

ncludin

g m

arketable e

quity

se

curiti

es*

3.1

24.1 $

27.2

N

et

deb

t $51.1

*1.1

M s

ha

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V (

Na

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20

M in

cre

dit l

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ll ava

ilable

NA

SD

AQ

: MN

TX

6

Page 11: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

MA

NIT

EX

INT

ER

NA

TIO

NA

L: O

VE

RV

IE

W M

anite

x I

nte

rnatio

nal is

a le

ad

ing p

rov

ide

r of s

traight-

mast a

nd k

nuckle b

oom

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es a

nd oth

er s

pecializ

ed e

qu

ip

me

nt f

or n

ich

e i

nd

ustri

al a

pp

licatio

ns; M

an

itex h

as its

asse

mbly

fa

ciliti

es lo

cated

in N

orth

Am

eri

ca a

nd

Euro

pe a

nd p

rod

ucts a

re s

old

throu

gh in

depe

ndent d

ea

lers, w

orld

wid

e. N

ASD

AQ

: M

NT

X 7

Page 12: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Ou

r Prim

ary P

roduc

ts-S

traight-

mast a

nd K

nuc

kle

Bo

om

Crane

s N

AS

DA

Q : M

NT

X 8

Page 13: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Kn

uck

le B

oom

s v

s. S

tra

igh

t-m

ast C

rane

s K

nuck

le boom

s—

PM

Cra

ne

s S

traig

ht M

ast—

Ma

nite

x C

ra

nes •

End-M

arkets: C

onstru

ctio

n, l

ogis

tic

s, u

tility

, • E

nd

Ma

rk

ets

: C

on

str

uc

tion, u

tility

, ene

rgy, e

nerg

y, m

ilita

ry, r

ail r

enta

l, minin

g, a

dv

erti

sin

g,

rail

roa

d •

Lift

ing C

apac

ity: 1

–8

0 U

S to

ns (

1-25

0 T

-M

) •

Lif

ting C

apa

city

: 17

–70 U

S to

ns •

Estim

ate

d 2

01

7 U

nit

Volu

me (

marke

t): 5

0,0

00 •

Estim

ate

d 2

017 U

nit V

olu

me

(ma

rke

t):

2,0

00 •

Fe

ature

s: M

ate

rial c

arryin

g c

apa

bili

ty, e

ase o

f •

Fe

ature

s: H

igh l

iftin

g ra

nge

, diverse

end-use

, broa

d m

arke

t usage

market a

ppli

cati

ons 2

017 E

stim

ate

d S

ales B

y E

nd-M

arke

t-F

IR

MW

ID

E 5

5 10 2

0 3

0 2

0 3

5 E

nergy

Constr

uc

t -R

es C

onsruc

t-N

on R

es In

fra

/Govt U

tility

Ra

ilroa

d O

the

r N

ASD

AQ

: MN

TX

9

Page 14: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

Sa

les I

nc

rea

se

and

Ma

rgin

Ex

pa

nsio

n in

2018 a

nd B

eyond S

ale

s: •

Cra

ne

ba

ck

log g

row

th

sho

uld

add g

ra

dually

to M

anite

x I

nte

rnatio

na

l sale

s in

to 2

018 •

Pea

k le

ve

l for r

em

ainin

g b

usin

esses* w

as >

$350M

(and E

BIT

DA

of a

pprox. $

45M

) *

Rem

ainin

g b

usin

esses =

Manite

x, C

&M

, Bad

ger, S

abre, V

all

a, P

M a

nd O

&S M

argin P

rofil

e I

mprove

s in

2018 f

rom

no

n-crane

div

estitu

re

s w

ith <

4%

E

BIT

DA

margin

: •

Sa

les r

educ

tion

$90M

• E

BIT

DA

red

uctio

n $

4M

Over $

15 m

illio

n i

n c

ost r

educ

tion

s a

chieve

d t

hrough s

ourcing a

nd o

pe

ratin

g e

ffic

iency

init

iativ

es 2

01

5-2017; a

dd

itional e

ffic

ienc

ies p

lanned f

or 2

01

8 1

0%

-Plus E

BIT

DA

ma

rg

in g

oal

with

contin

ue

d c

rane

marke

t recov

ery

and e

xecu

tion

NA

SD

AQ

: M

NT

X 1

0

Page 15: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

LIF

TIN

G E

QU

IP

ME

NT

MA

RK

ET

OV

ER

VIE

W –

ST

RA

IG

HT

MA

ST

Str

aig

ht M

ast I

ndustr

y S

hip

ments M

anit

ex

Ma

rket S

ha

re b

y T

onnage

Class ,0

00 50

40 ,5

00 3

0 ,0

00 2

0 5

00 1

0 0

0 2

012 2013 2

014 2

01

5 2

016 2017 2

008 2

00

9 2

010 2011 2

012 2

01

3 2

014 2015 2

016 2

01

7 2

018 17—

22

.9 2

3—

29.9

30—

35.9

36

—40.9

41+

ï,§ I

ndustr

y o

rde

rs s

trength

ened i

n 4

Q’17 a

nd e

arl

y-2018 ï

,§ A

pproxim

ate

15 p

pt m

arke

t sha

re g

ain

ove

r p

ast 5

ye

ars

due to

used

equ

ipm

ent m

arket n

orm

aliz

atio

n a

nd w

hil

e m

ore b

roa

dly d

ive

rsif

ying to

nnag

e p

ene

tra

tion

; str

ength

in th

e c

on

str

uctio

n, u

tility

, an

d e

nerg

y M

an

itex

ma

rk

et s

ha

re i

ncre

asin

g i

n 2

01

8 s

ec

tors

. Ma

nite

x i

ndustry

fore

cast f

or 2

018 i

s 1

600

ï,§ I

mp

orta

nt n

ew

produc

ts w

ithin th

e p

ast 2

4 m

on

ths in

th u

nits

vs. 9

56 i

n 2

017

20, 2

2, 3

0, a

nd 4

0 to

n c

lasse

sï,§

Ord

er a

ctiv

ity in

2017 5

4%

for c

ran

es o

ver 3

0 to

nsï,§

Inc

rea

se

d p

ene

tratio

n o

f 4

0, 4

5 a

nd 5

0 to

n c

ran

es w

ith

and 4

5%

for c

ran

es le

ss th

an 3

0 to

ns a

eria

l work p

latfo

rms f

or u

tility

, tele

com

an

d w

ind

ï,§ B

oom

tru

ck cra

nes le

ss e

xpensive t

ha

n R

/T

and

A/T

constru

cti

on/m

ainte

na

nc

e c

rane

s M

an

itexS

traight M

ast P

ea

k S

ale

s w

as $

130M

in 2

014

NA

SD

AQ

: M

NT

X 1

1

Page 16: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

TH

E K

NU

CK

LE

BO

OM

MA

RK

ET

$2

.3

Billio

n G

lob

all

y (

Ma

nag

em

en

t Esti

ma

tes) K

nu

ck

le b

oo

m M

ark

et W

orld

wid

e S

ale

s (

US$, m

illio

ns) P

M G

rou

p T

TM

Rev

enu

es (

US

$, m

illions) $

2 $100 $

1,4

00 W

este

rn E

urope

$24 E

astern E

uro

pe N

ort

h A

me

ric

a $

13 $

40

0 S

outh

Am

eric

a N

orth

$2

00 N

orth

Re

st o

f W

orld

Am

eri

ca

Am

eric

a $

15 $

20

North

Am

eric

an K

nuc

kle

Boom

ma

rke

t is g

row

ing P

rin

cipal I

ndustry

Pa

rtic

ipa

nts

ï,§ L

arge

Ma

rket

of

$2.3

BN

far e

xce

eds t

he s

ize o

f t

he s

traight-

ma

st b

oom

truc

k m

ark

et (

glo

ba

l) ï

,§ P

M h

as a

geo

graph

icall

y d

iverse

custo

me

r base

ï,§ O

pportu

nity

to in

crea

se

PM

Group’s N

o. A

meric

an m

ark

et p

rese

nc

e th

rough M

an

itex’sdis

trib

utio

n n

etw

ork

NA

SD

AQ

: M

NT

X P

M P

ea

k s

ale

s o

f $

15

0 M

illio

n in

20

08 1

2

Page 17: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

RE

PL

AC

EM

EN

TS P

AR

TS

&SE

RV

ICE

Consis

tent r

ecurrin

g re

ve

nue

str

ea

m th

rou

ghout th

e c

ycle ï

,§ T

ypic

ally

gen

era

tes 1

0%

-20%

of n

et s

ales i

n a

qua

rter/y

ea

rï,§

Ty

pic

ally

carry 2

x g

ross m

arg

in o

f c

ore

equip

me

nt b

usin

ess S

pa

res r

ela

te to

sw

ing d

riv

es, ro

tatin

g c

om

pone

nts

, & b

oom

s a

mong o

thers,

ma

ny o

f w

hic

h a

re pro

prie

tary ï,§

Serve

addit

ional b

ra

ndsï,§

Servic

e te

am

for c

ra

ne

equ

ipm

entï,§

Au

tom

ate

d p

roprie

tary s

yste

m im

ple

me

nte

d i

n p

rin

cip

al o

pera

tions N

AS

DA

Q : M

NT

X 1

3

Page 18: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

OP

ER

AT

ING

CO

MP

AN

IE

S P

roduc

ts, E

nd M

arke

t, Driv

ers ï,§

Str

aig

ht-

ma

st b

oom

truc

ksa

ndï,§

Pow

er t

ransm

issio

nï,

§ S

tro

ng e

nd m

arke

t dem

and f

or s

pec

ializ

ed, c

rane

sï,

§ I

ndustri

al p

roje

cts c

om

pe

titiv

ely

dif

fere

ntia

ted p

rodu

cts

for

oil, g

as,ï

,§ S

ign c

ran

esï,§

Infrastru

cture d

eve

lop

me

nt a

nd e

ne

rgy s

ectorsï,§

Pa

rts

ï,§ Produc

t deve

lopm

ent ï

,§ K

nuc

kle

boo

m c

rane

sï,§

Con

str

uc

tion

ï,§ G

row

ing a

ccep

tance o

f k

nuck

leb

oom

sin

North

ï,§ T

ruc

k-m

ou

nte

d A

eri

al P

latf

orm

sï,§

In

fra

str

uctu

re

Am

eri

ca

n m

arke

tsï,§

Uti

litiesï,§

Oil

an

d g

as e

xplo

ra

tion c

re

atin

g d

em

an

dï,§

Produc

t de

ve

lopm

ent ï,§

Spe

cia

lize

d e

quip

men

t for liq

uid

ï,§ E

nergy

ï,§ R

epu

tatio

n f

or q

uality

& in

no

vatio

n s

torag

e &

conta

inm

en

tï,§ P

etr

oc

hem

icalï,§

Serve

s a

marke

t of o

ver $

1B

annua

llyï,§

8,0

00-21,0

00 gallo

n c

apac

itie

sï,§

Waste

mana

ge

ment ï

,§ P

rec

isio

n p

ick &

ca

rry c

ra

ne

sï,§

A

uto

motiv

eï,§

Stro

ng e

nd m

arke

t de

ma

nd f

or s

pec

ializ

ed,ï,§

Che

mica

l / petro

ch

em

ica

l co

mp

etiti

vely

dif

fe

ren

tia

ted

produc

tsï,§

Infra

str

uc

ture

deve

lopm

en

tï,§ E

nvir

onm

en

tal (

ele

ctr

ic) o

r h

aza

rdous (

sp

ark

free

)ï,§

Ae

ro

sp

ac

e dev

elo

pm

ents

ï,§ C

onstr

uc

tionï,§

Produc

t deve

lopm

ent ï

,§ R

ough te

rrain c

ra

ne

sï,§

R

ailr

oa

dï,§

E

quip

men

t rep

lace

me

nt c

yc

le in

sm

all t

onna

ge

ï,§ S

pe

cializ

ed c

onstr

uctio

nï,§

Co

nstr

uc

tion f

lex

ible

crane

s f

or r

efi

nery

ma

rket

eq

uip

me

ntï,§

Refin

erie

sï,§

More

effic

ient p

rod

uct o

ffe

rin

g ac

ro

ss e

nd

ï,§

Pa

rts

ï,§

Mun

icip

ality

ma

rk

ets N

AS

DA

Q : M

NT

X 1

4

Page 19: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

EX

PE

RIE

NC

ED

MA

NA

GE

ME

NT

TE

AM

Da

vid L

ange

vin

, Cha

irm

an &

CE

O 2

0+

ye

ars

prin

cip

ally

with

Te

re

x S

tev

e K

iefe

r, Pre

sid

ent &

CO

O 2

5+ years p

rin

cip

ally

wit

h E

ato

n C

orp

. and H

endric

kson In

terna

tional L

aura Y

u, V

P F

ina

nce and

Corpora

te C

on

trolle

r 2

0+

ye

ars

in s

enio

r-le

ve

l ex

ecu

tive

corporate f

inanc

e f

or p

ubli

c F

ortu

ne 5

00 in

du

str

ial c

om

panies S

he

rm

an J

ung, V

ice

Pre

sid

ent o

f F

inan

cia

l Re

portin

g 2

0+

ye

ars i

n f

ina

nc

ial o

pe

ratio

ns a

nd SE

C R

eporti

ng S

cott R

ols

ton, S

VP

Str

ateg

ic P

lanning 3

0+

yea

rs p

rin

cip

all

y w

ith M

an

itex a

nd M

anito

woc

Jim

Pete

rson, E

xec

utiv

e V

ice P

resid

ent, O

pera

tion

s 3

5+

ye

ars i

n m

anufa

cturin

g o

pera

tions L

uigi F

ucili, C

EO

PM

Group 1

0+ y

ea

rs p

rin

cip

all

y w

ith P

M G

roup N

AS

DA

Q : M

NT

X 1

5

Page 20: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

MA

NIT

EX

INT

ER

NA

TIO

NA

L, I

NC

. FIN

AN

CIA

L O

VE

RV

IE

W A

ugust 2

018

Page 21: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

FIN

AN

CIA

L S

UM

MA

RY

SN

APS

HO

T K

ey S

tatis

tics C

apit

aliz

ati

on S

toc

k P

rice

(8/7

/18) $

12.2

4 /s

hare

Wtd

Avg B

asic

Sh

are

s (

6/3

0/18)* 1

7.7 M

Wtd

Av

g D

ilute

d S

ha

res (

6/3

0/18)* 1

7.7

M M

arke

t Ca

p (

8/7/1

8) $

225.4

M T

ota

l NE

T D

ebt (

6/30/1

8) $

51.1

M T

ota

l Ent. V

alu

e (8

/7/1

8)*

* $

276.6 M

Tic

ke

r / E

xc

ha

nge

MN

TX

/N

asd

aqC

M $

000, e

xc

ept %

as a

djuste

d 2

017 2

01

3** 2

012** R

ev

enu

es $213,1

12 $

245

,072 $

205,2

49 G

ross M

argin

(%

) 1

7.3

% 1

9.0

% 1

9.7

% A

dju

sted E

BIT

DA

$13,7

65 $

21

,483 $

17,9

57 A

dj. E

BIT

DA

Margin (

%) 6

.5%

8.8

% 8

.7%

Adjuste

d N

et i

nco

me

$3,2

78

$10,1

78 $

8,0

77 B

ac

klo

g $62,1

92

$77,2

81 $

130

,352 *

To

tal s

ha

res O

uts

tand

ing p

ost-

Ta

dan

o tr

an

sa

cti

on is

20.7

M s

hares *

*R

eporte

d r

esult

s, p

rio

r to

ASV

and P

M t

ransac

tions N

AS

DA

Q : M

NT

X 1

7

Page 22: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

IN

CO

ME

ST

AT

EM

EN

T S

UM

MA

RY

Qua

rte

r E

nde

d J

une

30

, ($000) 2

018

2017 N

et S

ale

s $

63,904 $

52

,051 C

ost o

f goods s

old

51,4

63 4

2,6

47 G

ro

ss P

rofit

12,4

41

9,4

04 G

ross M

argin

19.5

% 1

8.1

% R

esea

rch a

nd D

ev

elopm

ent 7

26 5

96

Se

llin

g, G

ene

ral

and

Adm

inis

tra

tive e

xpe

nse

9,0

08 8

,574

Ope

rati

ng in

com

e (

loss) 2

,707

234 O

ther e

xpe

nse

(in

com

e) I

nte

rest e

xpe

nse

(1,5

03) (

1,5

74

) Other i

nco

me

(exp

ense) (

1,6

65

) (18

6) T

ota

l other e

xpe

nse

(3,1

68

) (1,7

60) N

et In

co

me

(loss) c

onti

nuin

g o

p’s (

967) (

2,3

01) a

ttr

ibutable t

o s

ha

reh

old

ers A

dju

ste

d N

et I

nco

me

* 1

,89

2 (

957) A

dju

ste

d E

BIT

DA

* 5

,161 1

,796 A

djuste

d E

BIT

DA

* %

of s

ale

s 8

.1%

3.5

% *N

on-G

AA

P R

econ

cilia

tions in

PR

dated

Au

g 7

, 20

18, a

nd a

s f

iled w

ith

SE

C N

AS

DA

Q : M

NT

X 1

8

Page 23: MANITEX INTERNATIONAL, INC. · 2018. 8. 9. · nancial measures in this presentation. Manitex believes that this information is useful to understanding its operating results without

BA

LA

NC

E S

HE

ET

SU

MM

AR

Y (

in th

ousand

s $

) J

une 3

0, 2

018 D

ec

em

be

r 31, 2

017

Ca

sh, R

estr

icte

d, M

arketab

le S

ecu

crit

ies 2

7,1

91 5

,366

Current A

sse

ts 1

49,2

19 1

10,3

22 P

roperty

Plan

t &

Equ

ipm

ent 2

0,8

50

22,0

38

Go

odw

ill a

nd o

ther I

nta

ngible

Asse

ts 71,6

96 7

4,5

83 O

the

r Lo

ng T

erm

Asse

ts 3

,109 18,2

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