Doosan Bobcat (241560) Investor Presentation summary

Company overview and history

• Headquartered in South Korea with regional hubs in the US and Czech Republic, employing 9,879 people as of Dec. 2023.

• Invented the world's first skid-steer loader and produced over 1 million loaders by 2014.

• Expanded through acquisitions and product launches, including electric and hydrogen-powered equipment.

• Major shareholder is Doosan Enerbility (46.1%), with significant foreign institutional ownership.

• Went public in 2016 and has a global manufacturing footprint across North America, EMEA, and Asia.

Product portfolio and innovation

• Offers compact equipment, material handling, portable power, and grounds maintenance equipment.

• Launched industry-first all-electric loaders and hydrogen fuel cell forklifts.

• Over 100 categories of attachments and 1,500+ dealerships in North America.

• R&D centers in the US, Czech Republic, and South Korea, with 918 R&D personnel.

• Focus on autonomy, connectivity, and electrification in product development.

Market segments and revenue breakdown

• Key markets include construction, utilities, landscaping, agriculture, and rental.

• 2023 revenue: $7,476M, with 64% from compact equipment and 18% from material handling.

• North America accounted for 74% of 2023 revenue, followed by EMEA (16%) and ALAO (9%).

• Parts and attachments grew from 17% of revenue in 2017 to 24% in 2023.