Page 2 - Hyster-Yale Maximal-Presentation
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Building a Platform to Grow in Emerging Markets





       Actions:
                       •     Investing in 75% controlling interest in Zhejiang Maximal Forklift Co., Ltd.

                       •     Establishing China-based Emerging Market Development Center





       Impact:
                       •    Expand low-cost, global manufacturing capabilities
                       •    Enhance access to competitive component sourcing

                       •    Strengthen utility and standard product portfolio

                       •    Enhance presence in China market and global utility and standard segments

                       •    Increase core brand share, and global group unit volume
                       •    Deliver accretive earnings by 2020 and contribute to Company’s achievement of

                            7% operating profit margin*




        *Estimate does not include the impact of the $10M incentive payout or any potential purchase price accounting adjustments recorded after acquisition.



     Solutions that DRIVE Productivity                                                                         70
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