Doosan Bobcat (241560) Investor Day 2024 Presentation summary

Company overview

• Founded in 1947, the company pioneered compact loader and skid-steer loader markets, launching the Bobcat brand in 1962 and achieving several industry firsts, including the world's first fully electric compact track loader in 2022.

• Operates globally with 9,255 employees and a diversified business in construction equipment, portable power, material handling, and grounds maintenance.

• Revenue is primarily generated from North America (75%), with compact construction equipment accounting for 53% of product revenue in 2024.

• Consistent growth since 2016, with revenue and EBIT CAGRs of 10% and 8% respectively.

• Achieved 2.2x revenue and 1.8x EBIT growth from 2016 to 2024 through strategic expansion and acquisitions.

Core competencies

• Extensive product portfolio with over 100 attachments, serving construction, landscaping, road management, and agriculture.

• Global sales network with over 2,000 dealers in 100+ countries and strong, long-term partnerships, especially in North America.

• Regional manufacturing hubs tailored to local demand, with 67% of production in North America.

• Recognized as a global leader in compact equipment innovation, consistently launching industry-first products.

Growth strategy and future vision

• Growth driven by leveraging core competencies, innovation, and M&A, expanding into adjacent sectors like material handling and grounds maintenance.

• M&A has significantly increased revenue in turf equipment and material handling, supporting expansion into new business areas such as mining, forestry, and logistics.

• Aims to reach $12B in revenue by 2030 through a combination of organic growth and further M&A, outpacing industry growth rates.