NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EXHIBIT

Attached files

file	filename
8-K - 8-K - NACCO INDUSTRIES INC	nc63013dataschedule8k.htm



															EXHIBIT 99
NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)

	Revenues (1)
	Q1		Q2	Q3		Q4	FY
2012	173.7		171.4	210.1		318.2	873.4
2013	196.0		196.0

	Operating Profit (1)
	Q1		Q2	Q3		Q4	FY
2012	8.0		7.7	14.8		37.0	67.5
2013	7.0		8.8

	Interest (Income) Expense (1)
	Q1		Q2	Q3		Q4	FY
2012	1.6		1.5	1.5		1.3	5.9
2013	1.3		1.1

	Other (Income) Expense (1)
	Q1		Q2	Q3		Q4	FY
2012	(0.4	)	1.4	(0.3	)	2.9	3.6
2013	(0.1	)	0.5

	Income (Loss) Before Taxes (1)								Effective Income Tax Rate (1)
	Q1		Q2	Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2012	6.8		4.8	13.6		32.8	58.0	2012	30.2	%	28.7	%	24.1	%	27.9	%	27.3	%
2013	5.8		7.2					2013	24.2	%	28.9	%

	Income From Continuing Operations (1)
	Q1		Q2	Q3		Q4	FY
2012	4.8		3.5	10.2		23.7	42.2
2013	4.4		5.1

	Discontinued Operations, Net of Taxes (1)
	Q1		Q2	Q3		Q4	FY
2012	20.4		18.3	27.8		—	66.5
2013	—		—

	Net Income (Loss)
	Q1		Q2	Q3		Q4	FY
2012	25.2		21.8	38.0		23.7	108.7
2013	4.4		5.1

	Depreciation, depletion and amortization expense (1)
	Q1		Q2	Q3		Q4	FY
2012	3.4		3.4	4.6		6.6	18.0
2013	5.3		4.9

	Net Working Capital (1) (2)
	Q1		Q2	Q3		Q4	FY
2012	164.1		167.0	178.7		191.2	191.2
2013	189.5		187.6



NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)

		Capital Expenditures (1)
		Q1		Q2		Q3		Q4		FY
2012		3.9		30.5		5.3		5.0		44.7
2013		7.4		6.4

		Net cash provided by (used for) operating activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2012		(16.6	)	15.2		12.1		63.7		74.4
2013		(25.1	)	22.5

		Net cash provided by (used for) investing activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2012		16.7		(13.2	)	(59.0	)	(8.2	)	(63.7	)
2013		(6.6	)	(6.1	)

		Cash flow before financing activities from continuing operations (1) (3)
		Q1		Q2		Q3		Q4		FY
2012		0.1		2.0		(46.9	)	55.5		10.7
2013		(31.7	)	16.4

		Net cash provided by (used for) financing activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2012		(40.8	)	45.0		42.6		(71.3	)	(24.5	)
2013		(11.3	)	(28.2	)

		Dividends Paid to Shareholders (4)
		Q1		Q2		Q3		Q4		FY
2012		4.5		4.6		4.6		31.4		45.1
2013		2.1		2.0


		Total debt (5)
		Q1		Q2		Q3		Q4		FY
2012		114.2		164.9		207.4		177.7		177.7
2013		173.6		163.9

		Equity											Return on Equity (6)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012		610.7		616.7		291.1		281.4		281.4		2012	22.3	%	22.0	%	26.4	%	22.9	%	22.9	%
2013		280.5		268.0								2013	21.1	%	20.5	%

(1	)	On September 28, 2012, the Company spun-off Hyster-Yale Materials Handling, Inc. ("Hyster-Yale", ticker symbol HY), a former wholly owned subsidiary of the Company. The financial position, results of operations and cash flows of Hyster-Yale and any costs incurred by NACCO and Other related to the spin-off are reflected as discontinued operations for 2012 and 2011.
(2	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(3	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(4	)	The fourth quarter of 2012 dividend included a one-time special cash dividend of $3.50 per share and a regular quarterly cash dividend of 25 cents per share. The 25 cent per share dividend paid in the fourth quarter of 2012 was the first regular quarterly dividend following the spin-off of Hyster-Yale.



(5	)	Total debt presented excludes the obligations of the unconsolidated mines. The unconsolidated mines' customers arrange and guarantee the financing of the unconsolidated mines. These obligations are without recourse to and are not guaranteed by North American Coal or NACCO.
(6	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




The North American Coal Corporation
(in millions, except percentage data)

	Tons of coal sold - Unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2012	6.6		5.9		6.5		6.0		25.0
2013	7.0		5.6

	Tons of coal sold - Consolidated mines
	Q1		Q2		Q3		Q4		FY
2012	0.8		0.5		1.1		1.0		3.4
2013	1.1		0.7

	Limerock yards delivered
	Q1		Q2		Q3		Q4		FY
2012	3.7		4.4		4.9		5.8		18.8
2013	6.3		5.3

	Revenues
	Q1		Q2		Q3		Q4		FY
2012	24.3		19.2		38.0		50.9		132.4
2013	51.1		43.6

	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	6.9		3.8		6.5		10.8		28.0		2012	28.4	%	19.8	%	17.1	%	21.2	%	21.1	%
2013	8.7		7.9								2013	17.0	%	18.1	%

	Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2012	12.0		10.6		11.5		11.1		45.2
2013	12.1		10.3

	Operating Expenses											Operating Expenses as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	7.0		5.2		9.4		8.4		30.0		2012	37.0	%	36.1	%	52.2	%	38.4	%	41.0	%
2013	9.1		6.9								2013	43.8	%	37.9	%

	Operating Profit $											Operating Profit as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	11.9		9.2		8.6		13.5		43.2		2012	63.0	%	63.9	%	47.8	%	61.6	%	59.0	%
2013	11.7		11.3								2013	56.3	%	62.1	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2012	0.6		0.7		0.9		0.5		2.7
2013	0.8		0.6

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2012	(0.2	)	(0.4	)	(0.4	)	(0.3	)	(1.3	)
2013	(0.4	)	(0.2	)




The North American Coal Corporation
(in millions, except percentage data)

	Income Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3	Q4		FY
2012	11.5		8.9		8.1		13.3		41.8		2012	20.2	%	19.8	%	n.m	37.6	%	21.6	%
2013	11.3		10.9								2013	15.6	%	17.6	%

	Net Income (Loss)
	Q1		Q2		Q3		Q4		FY
2012	9.2		7.1		8.2		8.3		32.8
2013	9.6		8.9

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2012	2.0		2.0		3.0		3.9		10.9
2013	4.0		3.5

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2012	1.8		28.7		3.4		3.2		37.1
2013	6.2		5.3

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2012	21.5		(4.6	)	17.2		16.1		50.2
2013	10.3		2.4

	Net cash provided by (used for) investing activities
	Q1		Q2		Q3		Q4		FY
2012	18.8		(11.4	)	(57.2	)	(6.5	)	(56.3	)
2013	(5.4	)	(5.1	)

	Cash flow before financing activities (1)
	Q1		Q2		Q3		Q4		FY
2012	40.3		(16.0	)	(40.0	)	9.6		(6.1	)
2013	4.9		(2.7	)

	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4		FY
2012	(41.6	)	34.2		26.4		(9.9	)	9.1
2013	(7.3	)	0.8




The North American Coal Corporation
(in millions, except percentage data)

		Dividends to NACCO
		Q1	Q2	Q3	Q4	FY
2012		10.0	10.2	5.4	—	25.6
2013		—	—


		Total debt (2)
		Q1	Q2	Q3	Q4	FY
2012		64.2	108.5	140.4	138.0	138.0
2013		130.7	131.5

		Equity						Return on Equity (3)
		Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2012		95.4	92.5	95.4	102.4	102.4	2012	25.3	%	29.7	%	34.8	%	34.0	%	34.0	%
2013		112.1	121.2				2013	33.3	%	33.4	%

(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2	)	Total debt presented excludes the obligations of the unconsolidated mines. The unconsolidated mines' customers arrange and guarantee the financing of the unconsolidated mines. These obligations are without recourse to and are not guaranteed by North American Coal or NACCO.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




Hamilton Beach Brands, Inc.
(in millions, except percentage data)

	Revenues								Revenues % Change Year Over Year
	Q1		Q2	Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2012	104.9		110.7	124.8		181.2	521.6	2012	4.3	%	6.1	%	(1.5	)%	12.3	%	5.8	%
2013	106.2		114.6					2013	1.2	%	3.5	%

	Gross Profit $								Gross Profit %
	Q1		Q2	Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2012	19.1		20.8	24.5		37.9	102.3	2012	18.2	%	18.8	%	19.6	%	20.9	%	19.6	%
2013	20.2		24.1					2013	19.0	%	21.0	%

	Operating Expenses								Operating Expenses as a % of revenues
	Q1		Q2	Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2012	17.0		15.7	15.8		18.0	66.5	2012	16.2	%	14.2	%	12.7	%	9.9	%	12.7	%
2013	17.5		20.1					2013	16.5	%	17.5	%

	Operating Profit (Loss) $								Operating Profit (Loss) %
	Q1		Q2	Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2012	2.1		5.1	8.7		19.9	35.8	2012	2.0	%	4.6	%	7.0	%	11.0	%	6.9	%
2013	2.7		4.0					2013	2.5	%	3.5	%

	Interest (Income) Expense
	Q1		Q2	Q3		Q4	FY
2012	0.9		0.7	0.5		0.6	2.7
2013	0.4		0.5

	Other (Income) Expense
	Q1		Q2	Q3		Q4	FY
2012	(0.5	)	0.9	(0.3	)	0.2	0.3
2013	(0.1	)	0.4

	Income (Loss) Before Taxes								Effective Income Tax Rate
	Q1		Q2	Q3		Q4	FY		Q1		Q2		Q3		Q4		FY
2012	1.7		3.5	8.5		19.1	32.8	2012	38.7	%	37.6	%	38.3	%	33.5	%	35.4	%
2013	2.4		3.1					2013	37.0	%	36.8	%

	Net Income (Loss)
	Q1		Q2	Q3		Q4	FY
2012	1.0		2.2	5.3		12.7	21.2
2013	1.5		2.0

	Depreciation and amortization expense
	Q1		Q2	Q3		Q4	FY
2012	0.6		0.6	0.7		1.2	3.1
2013	0.5		0.6

	Net Working Capital (1)
	Q1		Q2	Q3		Q4	FY
2012	88.9		80.5	105.8		96.9	96.9
2013	87.5		77.5




Hamilton Beach Brands, Inc.
(in millions, except percentage data)

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2012		0.4		0.9		0.9		1.0		3.2
2013		0.3		0.4

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2012		6.5		12.9		(11.9	)	19.9		27.4
2013		3.0		18.6

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2012		(0.4	)	(0.9	)	(0.9	)	(1.0	)	(3.2	)
2013		(0.3	)	(0.4	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2012		6.1		12.0		(12.8	)	18.9		24.2
2013		2.7		18.2		—		—		—

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2012		(14.2	)	(9.8	)	10.9		(17.6	)	(30.7	)
2013		(5.0	)	(14.5	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2012		—		10.0		—		5.0		15.0
2013		—		—


		Total debt
		Q1		Q2		Q3		Q4		FY
2012		40.0		41.4		52.3		39.7		39.7
2013		34.7		20.2

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4		FY
2012		37.2		29.2		35.3		43.2		43.2		2012	68.2%	65.2%	63.4%	58.9	%	58.9%
2013		45.5		47.8								2013	57.0%	53.5%


(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




Kitchen Collection, LLC
(in millions, except percentage data and number of stores)

	Number of stores											Average sales per store
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	327		320		319		312		312		2012	0.1		0.1		0.2		0.3		0.7
2013	299		295								2013	0.1		0.1

	Revenues
	Q1		Q2		Q3		Q4		FY
2012	45.3		42.3		48.2		88.9		224.7
2013	39.7		38.4

	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	19.5		18.7		21.4		36.2		95.8		2012	43.0	%	44.2	%	44.4	%	40.7	%	42.6	%
2013	17.5		15.7								2013	44.1	%	40.9	%

	Operating Expenses											Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	24.1		23.8		23.3		29.2		100.4		2012	53.2	%	56.3	%	48.3	%	32.8	%	44.7	%
2013	22.5		21.1								2013	56.7	%	54.9	%

	Operating Profit (Loss) $											Operating Profit (Loss) %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	(4.6	)	(5.1	)	(1.9	)	7.0		(4.6	)	2012	(10.2	)%	(12.1	)%	(3.9	)%	7.9	%	(2.0	)%
2013	(5.0	)	(5.4	)							2013	(12.6	)%	(14.1	)%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2012	0.1		0.1		0.1		0.2		0.5
2013	0.1		—

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2012	—		0.1		—		(0.1	)	—
2013	—		—

	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012	(4.7	)	(5.3	)	(2.0	)	6.9		(5.1	)	2012	40.0	%	40.0	%	40.1	%	40.6	%	39.2	%
2013	(5.1	)	(5.4	)							2013	35.4	%	56.3	%

	Net Income (Loss)
	Q1		Q2		Q3		Q4		FY
2012	(2.8	)	(3.2	)	(1.2	)	4.1		(3.1	)
2013	(3.3	)	(2.4	)

	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2012	0.7		0.7		0.8		1.4		3.6
2013	0.7		0.8




Kitchen Collection, LLC
(in millions, except percentage data and number of stores)

		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2012		44.9		45.2		41.7		30.6		30.6
2013		39.8		38.5

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2012		1.7		0.8		1.0		0.4		3.9
2013		0.8		0.6

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2012		(19.1	)	(4.0	)	1.4		25.5		3.8
2013		(17.8	)	(3.6	)

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2012		(1.7	)	(0.8	)	(1.0	)	(0.4	)	(3.9	)
2013		(0.8	)	(0.5	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2012		(20.8	)	(4.8	)	0.4		25.1		(0.1	)
2013		(18.6	)	(4.1	)

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2012		10.0		4.9		(0.4	)	(14.7	)	(0.2	)
2013		8.2		4.0

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2012		—		—		—		—		—
2013		—		—


		Total debt
		Q1		Q2		Q3		Q4		FY
2012		10.0		15.0		14.7		—		—
2013		8.2		12.2

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2012		43.9		40.7		39.5		43.6		43.6		2012	3.8	%	2.6	%	1.0	%	(7.2	)%	(7.2	)%
2013		40.3		38.0								2013	(8.7	)%	6.9	%

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




NACCO and Other
(in millions, except percentage data)

		Operating Profit (Loss) (1)
		Q1		Q2		Q3		Q4		FY
2012		(1.5	)	(1.5	)	(0.6	)	(3.4	)	(7.0	)
2013		(2.4	)	(1.2	)

		Interest (Income) Expense
		Q1		Q2		Q3		Q4		FY
2012		—		—		—		—		—
2013		—		—

		Other (Income) Expense
		Q1		Q2		Q3		Q4		FY
2012		0.3		0.8		0.4		3.1		4.6
2013		0.4		0.2

		Income (Loss) Before Taxes (1)
		Q1		Q2		Q3		Q4		FY
2012		(1.8	)	(2.3	)	(1.0	)	(6.5	)	(11.6	)
2013		(2.8	)	(1.4	)

		Net Income (Loss)
		Q1		Q2		Q3		Q4		FY
2012		(1.4	)	(2.2	)	0.3		(4.4	)	(7.7	)
2013		(2.0	)	(1.0	)

(1	)	On September 28, 2012, the Company spun-off Hyster-Yale Materials Handling, Inc. ("Hyster-Yale", ticker symbol HY), a former wholly owned subsidiary of the Company. The financial position, results of operations and cash flows of Hyster-Yale and any costs incurred by NACCO and Other related to the spin-off are reflected as discontinued operations for 2012 and 2011.

Attached files

Stock widget

Investing forum

NACCO INDUSTRIES INC Reports

NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EXHIBIT - August 7, 2013

Attached files

Stock widget

Investing forum

NACCO INDUSTRIES INC Reports