Hamilton Beach 2014 Annual Report Download

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Strategic Update
NACCO Industries, Inc.
2014 Annual Report

Table of contents

  • Page 1
    NACCO Industries, Inc. 2014 Annual Report Strategic Update

  • Page 2
    ... Return on Capital Employed:(1) (11.4%) Kitchen Collection is the nation's leading specialty retailer of kitchen and related products in factory outlet malls with 248 stores throughout the United States at December 31, 2014. (1) This Annual Report contains references to non-GAAP financial measures...

  • Page 3
    ...relationships with leading retailers • Highly professional and experienced management team • Successful track record of product line expansion and new product innovation • Industry-leading working capital management Achieve $750 million in sales and a minimum operating profit margin target of...

  • Page 4
    Selected Financial and Operating Data NACCO Industries, Inc. and Subsidiaries Year Ended December 31 2014(1) 2013 2012(2) 2011(2)(3) 2010(2)(3) (In millions, except per share data) Operating Statement Data : Revenues ...Operating profit (loss) ...Income (loss) from continuing operations ......

  • Page 5
    Year Ended December 31 2014(1) 2013 2012(2) 2011(2)(3) 2010(2)(3) Cash Flow Data: Operating Activities North American Coal Corporation ...$ Hamilton Beach Brands ...Kitchen Collection ...NACCO and Other ...Provided by operating activities from continuing operations ...$ Investing Activities ...

  • Page 6
    ... during 2014, the middle-market mass consumer, the target consumer for the Company's Hamilton Beach Brands ("HBB") and Kitchen Collection businesses, continued to struggle with financial and economic concerns, leading to weak retail market conditions for small appliances and other kitchen products...

  • Page 7
    ... American Coal Corporation, headquartered in Dallas, Texas, mines and markets steam and metallurgical coal for use in power generation and steel production and provides selected value-added mining services for other natural resources companies. Hamilton Beach Brands, Inc., headquartered in Richmond...

  • Page 8
    ... capital for the mine and sells coal produced to customers. These mines are referred to as the "consolidated mines" because they are consolidated in the Company's financial statements. At Mississippi Lignite Mining Company ("MLMC"), coal is delivered to a single power plant which is adjacent to the...

  • Page 9
    ... volume expectations and manage for cash will help position this business to take advantage of any rebound in the coal market that may occur over time. A new dragline and surface miner were put into service in 2014 at North American Coal's newest mine, Caddo Creek Resources Company, which commenced...

  • Page 10
    ...cash flow capabilities, provide a strong core to NACoal's business model. NACoal has been very fortunate to enter into six new agreements over the last several years to develop new mines or provide services to customers. Generally, the power plants served by NACoal are among the lower-cost producers...

  • Page 11
    ... and retaining talented and dedicated Hamilton Beach Brands' new Wolf Gourmet® Blender, just one appliance in a line of luxury countertop appliances created through a licensing agreement with Sub-Zero Group, Inc. to enter the "only-the-best" market segment. employees globally. In addition, HBB...

  • Page 12
    ... and accessories under the proprietary Weston ® Products available from Hamilton Beach Brands' new acquisition Weston Brands, include, clockwise from top: Weston® Fruit & Wine Press, Weston® Pro Series Meat Grinder, Weston® Professional Advantage Vacuum Sealer, Weston® Electric Pasta Machine...

  • Page 13
    ... small appliances. Third, in 2014 HBB announced its entry into the "only-the-best" high-end small kitchen appliance market segment through multi-year licensing agreements with the Sub-Zero Group, Inc. and the Jamba Juice Company. HBB and Sub-Zero Group will be launching a full line of Wolf Gourmet...

  • Page 14
    ... specialty retailer of kitchenware in outlet malls and to a lesser degree traditional malls throughout the United States. However, to achieve this vision, Kitchen Collection must increase the number of customers coming into its stores, which is difficult in an environment in which many of its target...

  • Page 15
    ..., President and Chief Executive Officer NACCO Industries, Inc. Robert L. Benson President and Chief Executive Officer The North American Coal Corporation Gregory H. Trepp President and Chief Executive Officer Hamilton Beach Brands, Inc. Chief Executive Officer The Kitchen Collection, LLC 13

  • Page 16
    ... of NACCO's and NACoal's underlying business operations and enables investors to better understand the results of operations of the Company. Calculation of Return on Capital Employed and Return on Equity: (In millions, except percentage data) HBB Kitchen Collection NACoal 2014 139.8 2014 Average...

  • Page 17
    ... Sykes Associate General Counsel, Assistant Secretary and Senior Director, Human Resources James H. Taylor Vice President and Chief Financial Officer Richard E. Moss Senior Director, Finance & Treasurer J.C. Butler, Jr. Assistant Secretary John D. Neumann Assistant Secretary The Kitchen Collection...

  • Page 18
    ..., at 9:30 a.m. at the corporate office located at: 5875 Landerbrook Drive, Cleveland, Ohio 44124 Stock Exchange Listing The New York Stock Exchange Symbol: NC Investor Relations Contact Investor questions may be addressed to: Investor Relations NACCO Industries, Inc. 5875 Landerbrook Drive, Suite...

  • Page 19
    5875 Landerbrook Drive, Suite 220 • Cleveland, Ohio 44124 An Equal Opportunity Employer