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

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8-K - 8-K - NACCO INDUSTRIES INC	dataschedule33120178-k.htm



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

	Revenues
	Q1		Q2		Q3		Q4		FY
2016	173,421		178,007		220,792		284,218		856,438
2017	168,582

	Operating Profit (Loss) (4)
	Q1		Q2		Q3		Q4		FY
2016	5,412		5,210		699		30,394		41,715
2017	7,368

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2016	1,474		1,427		1,266		1,329		5,496
2017	1,278

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2016	129		2,106		419		(933	)	1,721
2017	(558	)

	Income (Loss) Before Taxes (4)											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2	Q3	Q4		FY
2016	3,781		1,677		(986	)	29,998		34,470		2016	25.9	%	n.m.	n.m.	19.6	%	14.1	%
2017	6,648										2017	25.1	%

	Income (Loss) from Continuing Operations (4)
	Q1		Q2		Q3		Q4		FY
2016	2,802		3,116		(442	)	24,131		29,607
2017	4,978

	Net Income (Loss) (4)
	Q1		Q2		Q3		Q4		FY
2016	2,802		3,116		(442	)	24,131		29,607
2017	4,978

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2016	4,192		4,516		5,215		5,353		19,276
2017	4,488

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2016	4,359		4,335		2,995		4,478		16,167
2017	4,650

	Net cash provided by (used for) operating activities from continuing operations
	Q1		Q2		Q3		Q4		FY
2016	(3,819	)	20,788		29,189		47,777		93,935
2017	(42,204	)

	Net cash provided by (used for) investing activities from continuing operations
	Q1		Q2		Q3		Q4		FY
2016	(3,323	)	(5,283	)	(1,323	)	112		(9,817	)
2017	(3,836	)



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

		Cash flow before financing activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2016		(7,142	)	15,505		27,866		47,889		84,118
2017		(46,040	)

		Net cash provided by (used for) financing activities from continuing operations
		Q1		Q2		Q3		Q4		FY
2016		(9,652	)	(16,844	)	(17,862	)	(11,352	)	(55,710	)
2017		21,465

		Dividends Paid to Shareholders
		Q1		Q2		Q3		Q4		FY
2016		1,804		1,834		1,812		1,812		7,262
2017		1,827

		Total debt (2)
		Q1		Q2		Q3		Q4		FY
2016		163,151		151,152		137,306		134,754		134,754
2017		158,048

		Equity											Return on Equity (3) (4)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2016		202,019		198,972		196,308		220,293		220,293		2016	12.1	%	13.9	%	12.0	%	14.5	%	14.5	%
2017		224,526										2017	15.2	%

(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.
(4	)	The third quarter of 2016 included an impairment charge of $17.4 million with respect to its Centennial mining operations.




The North American Coal Corporation
(in thousands, except percentage data, tons of coal sold and limerock yards delivered)

	Tons of coal sold - Unconsolidated mines
	Q1		Q2	Q3		Q4		FY
2016	7.0		6.7	7.8		8.0		29.5
2017	9.2

	Tons of coal sold - Consolidated mines
	Q1		Q2	Q3		Q4		FY
2016	0.8		0.6	1.0		0.6		3.0
2017	0.7

	Limerock yards delivered
	Q1		Q2	Q3		Q4		FY
2016	6.8		7.1	6.4		5.8		26.1
2017	7.8

	Revenues
	Q1		Q2	Q3		Q4		FY
2016	30,287		23,089	32,402		25,303		111,081
2017	28,300

	Gross Profit (Loss)
	Q1		Q2	Q3		Q4		FY
2016	6,028		2,289	1,708		2,316		12,341
2017	4,592

	Earnings of unconsolidated mines
	Q1		Q2	Q3		Q4		FY
2016	12,648		13,035	15,102		14,453		55,238
2017	14,955

	Operating Expenses
	Q1		Q2	Q3		Q4		FY
2016	8,934		10,501	27,722		14,803		61,960
2017	8,221

	Operating Profit (Loss) (4)
	Q1		Q2	Q3		Q4		FY
2016	9,742		4,823	(10,912	)	1,966		5,619
2017	11,326

	Interest (Income) Expense
	Q1		Q2	Q3		Q4		FY
2016	1,024		1,053	982		1,101		4,160
2017	873

	Other (Income) Expense
	Q1		Q2	Q3		Q4		FY
2016	(198	)	2,041	(198	)	(198	)	1,447
2017	(184	)




The North American Coal Corporation
(in thousands, except percentage data, tons of coal sold and limerock yards delivered)

	Income (Loss) Before Taxes (4)											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2	Q3	Q4	FY
2016	8,916		1,729		(11,696	)	1,083		32		2016	7.4	%	n.m.	n.m.	n.m.	n.m.
2017	10,637										2017	12.7	%

	Net Income (Loss) (4)
	Q1		Q2		Q3		Q4		FY
2016	8,253		3,324		(12,677	)	9,344		8,244
2017	9,289

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2016	2,944		3,020		3,630		3,088		12,682
2017	3,088

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2016	2,517		3,106		1,657		2,829		10,109
2017	3,421

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2016	(3,471	)	3,580		16,380		18,451		34,940
2017	(11,361	)

	Net cash provided by (used for) investing activities
	Q1		Q2		Q3		Q4		FY
2016	(1,548	)	(4,093	)	(5	)	1,730		(3,916	)
2017	(2,632	)

	Cash flow before financing activities (1)
	Q1		Q2		Q3		Q4		FY
2016	(5,019	)	(513	)	16,375		20,181		31,024
2017	(13,993	)

	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4		FY
2016	(1,253	)	474		(4,910	)	(27,075	)	(32,764	)
2017	3,029

	Dividends to (capital contributions from) NACCO
	Q1		Q2		Q3		Q4		FY
2016	—		—		4,300		5,900		10,200
2017	—

	Total debt (2)
	Q1		Q2		Q3		Q4		FY
2016	111,381		110,838		110,227		96,039		96,039
2017	99,070




The North American Coal Corporation
(in thousands, except percentage data, tons of coal sold and limerock yards delivered)

		Equity						Return on Equity (3) (4)
		Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2016		116,209	119,542	102,995	105,645	105,645	2016	8.5	%	7.5	%	1.0	%	7.5	%	7.5	%
2017		115,161					2017	8.3	%

(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.
(4	)	The third quarter of 2016 included an impairment charge of $17.4 million with respect to its Centennial mining operations.




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

	Revenues								Revenues % Change Year Over Year
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2016	115,740		127,054		157,264	205,112	605,170	2016	(6.2	)%	(1.9	)%	(3.7	)%	0.1	%	(2.5	)%
2017	114,154							2017	(1.4	)%

	Gross Profit $								Gross Profit %
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2016	21,158		25,620		35,029	46,607	128,414	2016	18.3	%	20.2	%	22.3	%	22.7	%	21.2	%
2017	22,615							2017	19.8	%

	Operating Expenses								Operating Expenses as a % of revenues
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2016	21,091		20,924		20,630	22,736	85,381	2016	18.2	%	16.5	%	13.1	%	11.1	%	14.1	%
2017	21,833							2017	19.1	%

	Operating Profit (Loss) $								Operating Profit (Loss) %
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2016	67		4,696		14,399	23,871	43,033	2016	0.1	%	3.7	%	9.2	%	11.6	%	7.1	%
2017	782							2017	0.7	%

	Interest (Income) Expense
	Q1		Q2		Q3	Q4	FY
2016	426		323		231	185	1,165
2017	380

	Other (Income) Expense
	Q1		Q2		Q3	Q4	FY
2016	43		(247	)	442	532	770
2017	(700	)

	Income (Loss) Before Taxes								Effective Income Tax Rate
	Q1		Q2		Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2016	(402	)	4,620		13,726	23,154	41,098	2016	35.1	%	36.5	%	30.7	%	37.9	%	35.4	%
2017	1,102							2017	37.5	%

	Net Income (Loss)
	Q1		Q2		Q3	Q4	FY
2016	(261	)	2,934		9,511	14,373	26,557
2017	689

	Depreciation and amortization expense
	Q1		Q2		Q3	Q4	FY
2016	799		1,051		1,183	1,648	4,681
2017	1,026

	Net Working Capital (1)
	Q1		Q2		Q3	Q4	FY
2016	86,872		78,058		84,622	95,088	95,088
2017	90,132




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

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2016		1,280		1,010		998		1,526		4,814
2017		972

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2016		13,013		17,055		14,468		14,195		58,731
2017		(11,476	)

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2016		(1,280	)	(995	)	(998	)	(1,515	)	(4,788	)
2017		(967	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2016		11,733		16,060		13,470		12,680		53,943
2017		(12,443	)

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2016		(10,595	)	(13,814	)	(12,313	)	(15,115	)	(51,837	)
2017		14,863

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2016		—		—		—		32,000		32,000
2017		—

		Total debt
		Q1		Q2		Q3		Q4		FY
2016		47,770		34,156		21,829		38,715		38,715
2017		53,578

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4	FY
2016		50,592		52,176		61,567		44,057		44,057		2016	36.5%	38.6%	42.9%	51.1%	51.1%
2017		45,511										2017	54.2%

(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 thousands, except percentage data and number of stores)

	Number of stores										Average sales per store
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2016	222		220		221		223	223		2016	128		130		149		244		651
2017	208									2017	128

	Revenues
	Q1		Q2		Q3		Q4	FY
2016	28,383		28,634		32,895		54,439	144,351
2017	26,665

	Gross Profit $										Gross Profit %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2016	12,944		12,673		15,032		24,742	65,391		2016	45.6	%	44.3	%	45.7	%	45.4	%	45.3	%
2017	11,903									2017	44.6	%

	Operating Expenses										Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2016	15,834		15,684		15,953		17,544	65,015		2016	55.8	%	54.8	%	48.5	%	32.2	%	45.0	%
2017	15,182									2017	56.9	%

	Operating Profit (Loss) $										Operating Profit (Loss) %
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2016	(2,890	)	(3,011	)	(921	)	7,198	376		2016	(10.2	)%	(10.5	)%	(2.8	)%	13.2	%	0.3	%
2017	(3,279	)								2017	(12.3	)%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4	FY
2016	28		52		54		75	209
2017	35

	Other (Income) Expense
	Q1		Q2		Q3		Q4	FY
2016	17		16		16		16	65
2017	18

	Income (Loss) Before Taxes										Effective Income Tax Rate
	Q1		Q2		Q3		Q4	FY			Q1		Q2		Q3		Q4		FY
2016	(2,937	)	(3,079	)	(991	)	7,107	100		2016	36.4	%	36.5	%	27.6	%	41.1	%	n.m.
2017	(3,332	)								2017	35.7	%

	Net Income (Loss)
	Q1		Q2		Q3		Q4	FY
2016	(1,868	)	(1,954	)	(717	)	4,184	(355	)
2017	(2,143	)

	Depreciation and amortization expense
	Q1		Q2		Q3		Q4	FY
2016	355		354		311		525	1,545
2017	282




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

		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2016		20,496		20,397		20,347		16,413		16,413
2017		21,863

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2016		558		207		339		84		1,188
2017		253

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2016		(9,282	)	(1,952	)	1,206		13,861		3,833
2017		(10,685	)

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2016		(511	)	(203	)	(339	)	(84	)	(1,137	)
2017		(253	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2016		(9,793	)	(2,155	)	867		13,777		2,696
2017		(10,938	)

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2016		(6,000	)	2,158		(908	)	(5,250	)	(10,000	)
2017		2,400

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2016		10,000		—		—		—		10,000
2017		3,000

		Total debt
		Q1		Q2		Q3		Q4		FY
2016		4,000		6,158		5,250		—		—
2017		5,400

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2016		19,882		17,928		17,210		21,394		21,394		2016	(1.4	)%	(2.0	)%	(2.9	)%	(1.6	)%	(1.6	)%
2017		16,252										2017	(3.4	)%

(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 thousands, except percentage data)

	Income (Loss) Before Taxes
	Q1		Q2		Q3		Q4		FY
2016	(1,730	)	(1,592	)	(2,025	)	(1,378	)	(6,725	)
2017	(1,818	)

	Net Income (Loss)
	Q1		Q2		Q3		Q4		FY
2016	(1,067	)	(1,118	)	(1,526	)	(1,105	)	(4,816	)
2017	(1,338	)

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NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EXHIBIT 99 - May 2, 2017

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