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Manitowoc's (MTW) CEO Glen Tellock Presents at Morgan Stanley 3rd Annual Laguna Broker Conference (Transcript)

Nicole DeBlase - Morgan Stanley

Okay. Why don’t we go ahead and get started?

So I’m very pleased to introduce Manitowoc. We have CEO, Glen Tellock and Head of Investor Relations, Steve Khail. So a lot going on at Manitowoc nowadays.

Glen Tellock - Chairman, President & CEO

Little bit.

Nicole DeBlase - Morgan Stanley

So maybe we should start our discussion with upcoming spend, obviously very topical. You guys just filed the Form-10. So what major hurdles are left before the spend has consummated and is the timing still 1Q '16?

Glen Tellock - Chairman, President & CEO

Yes, take that first yes. Absolutely still targeting to have approval by February 1. So, the next two hurdles that we have one, I think is to start focusing on the credit profiles for each -- the leverage profiles for each segment. Working with that right now, trying to -- what if we lever up cranes? What if we lever up Foodservice, stress test each one of them. What do they look like and I think by the time we get to the Board Meeting in the end of October, we’ll have a pretty good feel for that is.

The other thing is really kind of the Management side. It’s the internal, what are the L2 and the L3 decisions you have in for mention and I think a lot and kind of delaying...


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