NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EXHIBIT

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8-K - 8-K - NACCO INDUSTRIES INC	nc123112dataschedule8k.htm



																		EXHIBIT 99
NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)

	Revenues (1)
	Q1		Q2		Q3		Q4		FY
2011	158.9		163.0		194.6		273.9		790.4
2012	173.7		171.4		210.1		318.2		873.4

	Operating Profit (1)
	Q1		Q2		Q3		Q4		FY
2011	4.9		3.6		13.3		42.3		64.1
2012	8.0		7.7		14.8		37.0		67.5

	Interest (Income) Expense (1)
	Q1		Q2		Q3		Q4		FY
2011	2.3		2.1		2.2		1.8		8.4
2012	1.6		1.5		1.5		1.3		5.9

	Other (Income) Expense (1)
	Q1		Q2		Q3		Q4		FY
2011	(56.8	)	(0.2	)	0.8		(0.4	)	(56.6	)
2012	(0.4	)	1.4		(0.3	)	2.9		3.6

	Income (Loss) Before Taxes (1)											Effective Income Tax Rate (1)
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	59.4		1.7		10.3		40.9		112.3		2011	32.7	%	17.6	%	20.4	%	26.9	%	29.2	%
2012	6.8		4.8		13.6		32.8		58.0		2012	29.4	%	27.1	%	25.0	%	27.7	%	27.2	%

	Income From Continuing Operations (1)
	Q1		Q2		Q3		Q4		FY
2011	40.0		1.4		8.2		29.9		79.5
2012	4.8		3.5		10.2		23.7		42.2

	Discontinued Operations, Net of Taxes (1)
	Q1		Q2		Q3		Q4		FY
2011	22.8		17.8		17.5		24.5		82.6
2012	20.4		18.3		27.8		—		66.5

	Net Income (Loss)
	Q1		Q2		Q3		Q4		FY
2011	62.8		19.2		25.7		54.4		162.1
2012	25.2		21.8		38.0		23.7		108.7

	Depreciation, depletion and amortization expense (1)
	Q1		Q2		Q3		Q4		FY
2011	3.5		3.3		5.1		4.5		16.4
2012	3.4		3.4		4.6		6.6		18.0

	Net Working Capital (1) (2)
	Q1		Q2		Q3		Q4		FY
2011	171.2		151.3		165.5		167.8		167.8
2012	164.1		167.0		178.7		191.2		191.2



NACCO Industries, Inc. - Consolidated
(in millions, except percentage data)

		Capital Expenditures (1)
		Q1		Q2		Q3		Q4		FY
2011		3.4		6.4		5.5		4.9		20.2
2012		3.9		30.5		5.3		5.0		44.7

		Net cash provided by (used for) operating activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2011		26.5		33.2		2.6		38.3		100.6
2012		(16.6	)	15.2		12.1		63.7		74.4

		Net cash provided by (used for) investing activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2011		(3.2	)	(6.2	)	(5.4	)	(2.0	)	(16.8	)
2012		16.7		(13.2	)	(59.0	)	(8.2	)	(63.7	)

		Cash flow before financing activities from continuing operations (1) (3)
		Q1		Q2		Q3		Q4		FY
2011		23.3		27.0		(2.8	)	36.3		83.8
2012		0.1		2.0		(46.9	)	55.5		10.7

		Net cash provided by (used for) financing activities from continuing operations (1)
		Q1		Q2		Q3		Q4		FY
2011		7.1		1.0		(59.7	)	29.1		(22.5	)
2012		(40.8	)	45.0		42.6		(71.3	)	(24.5	)

		Dividends Paid to Shareholders (4)
		Q1		Q2		Q3		Q4		FY
2011		4.4		4.5		4.4		4.5		17.8
2012		4.5		4.6		4.6		31.4		45.1


		Total debt
		Q1		Q2		Q3		Q4		FY
2011		163.6		170.7		110.6		148.2		148.2
2012		114.2		164.9		207.4		177.7		177.7

		Equity											Return on Equity (5)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011		516.7		541.2		547.8		577.0		577.0		2011	30.4	%	29.1	%	29.7	%	30.8	%	30.8	%
2012		610.7		616.7		291.1		281.4		281.4		2012	22.3	%	22.0	%	26.4	%	22.9	%	22.9	%

(1	)	On September 28, 2012, the Company spun-off Hyster-Yale Materials Handling, Inc. ("Hyster-Yale"), a former subsidiary. The financial position, results of operations and cash flows of Hyster-Yale and any costs incurred by NACCO and Other related to the spin-off are reflected as discontinued operations for 2012 and 2011. 2010 and prior results have not been reclassified to reflect Hyster-Yale as discontinued operations.
(2	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(3	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(4	)	The fourth quarter of 2012 dividend included a one-time special cash dividend of $3.50 per share and a regular quarterly cash dividend of 25 cents per share. The 25 cent per share dividend paid in the fourth quarter of 2012 was the first regular quarterly dividend following the spin-off of Hyster-Yale.
(5	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




The North American Coal Corporation
(in millions, except percentage data)

	Tons of coal sold - Unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2011	7.0		5.4		6.4		6.4		25.2
2012	6.6		5.9		6.5		6.0		25.0

	Tons of coal sold - Consolidated mines
	Q1		Q2		Q3		Q4		FY
2011	0.6		0.6		0.7		0.8		2.7
2012	0.8		0.5		1.1		1.0		3.4

	Limerock yards delivered
	Q1		Q2		Q3		Q4		FY
2011	3.6		4.0		3.1		3.0		13.7
2012	3.7		4.4		4.9		5.8		18.8

	Revenues
	Q1		Q2		Q3		Q4		FY
2011	17.9		19.4		21.0		23.5		81.8
2012	24.3		19.2		38.0		50.9		132.4

	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	4.0		2.8		3.1		5.4		15.3		2011	22.3	%	14.4	%	14.8	%	23.0	%	18.7	%
2012	6.9		3.8		6.5		10.8		28.0		2012	28.4	%	19.8	%	17.1	%	21.2	%	21.1	%

	Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY
2011	12.1		9.5		11.1		12.8		45.5
2012	12.0		10.6		11.5		11.1		45.2

	Operating Expenses											Operating Expenses as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	6.6		7.0		7.2		4.8		25.6		2011	41.0	%	56.9	%	50.7	%	26.4	%	42.1	%
2012	7.0		5.2		9.4		8.4		30.0		2012	37.0	%	36.1	%	52.2	%	38.4	%	41.0	%

	Operating Profit $											Operating Profit as a % of the sum of Gross Profit plus Earnings of unconsolidated mines
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	9.5		5.3		7.0		13.4		35.2		2011	59.0	%	43.1	%	49.3	%	73.6	%	57.9	%
2012	11.9		9.2		8.6		13.5		43.2		2012	63.0	%	63.9	%	47.8	%	61.6	%	59.0	%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	0.6		0.7		0.8		0.6		2.7
2012	0.6		0.7		0.9		0.5		2.7

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	—		(0.7	)	(0.3	)	(0.4	)	(1.4	)
2012	(0.2	)	(0.4	)	(0.4	)	(0.3	)	(1.3	)




The North American Coal Corporation
(in millions, except percentage data)

	Income Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	8.9		5.3		6.5		13.2		33.9		2011	20.2	%	13.2	%	10.8	%	9.8	%	13.3	%
2012	11.5		8.9		8.1		13.3		41.8		2012	20.0	%	20.2	%	n.m		37.6	%	21.5	%

	Net Income (Loss)
	Q1		Q2		Q3		Q4		FY
2011	7.1		4.6		5.8		11.9		29.4
2012	9.2		7.1		8.2		8.3		32.8

	Depreciation, depletion and amortization expense
	Q1		Q2		Q3		Q4		FY
2011	2.0		1.9		2.0		2.0		7.9
2012	2.0		2.0		3.0		3.9		10.9

	Capital Expenditures
	Q1		Q2		Q3		Q4		FY
2011	2.4		4.4		3.8		3.5		14.1
2012	1.8		28.7		3.4		3.2		37.1

	Net cash provided by (used for) operating activities
	Q1		Q2		Q3		Q4		FY
2011	7.8		7.3		8.8		7.8		31.7
2012	21.5		(4.6	)	17.2		16.1		50.2

	Net cash provided by (used for) investing activities
	Q1		Q2		Q3		Q4		FY
2011	(2.3	)	(4.1	)	(3.7	)	(0.6	)	(10.7	)
2012	18.8		(11.4	)	(57.2	)	(6.5	)	(56.3	)

	Cash flow before financing activities (1)
	Q1		Q2		Q3		Q4		FY
2011	5.5		3.2		5.1		7.2		21.0
2012	40.3		(16.0	)	(40.0	)	9.6		(6.1	)

	Net cash provided by (used for) financing activities
	Q1		Q2		Q3		Q4		FY
2011	(8.5	)	(1.4	)	(7.4	)	(7.4	)	(24.7	)
2012	(41.6	)	34.2		26.4		(9.9	)	9.1




The North American Coal Corporation
(in millions, except percentage data)

		Dividends to NACCO
		Q1	Q2	Q3	Q4	FY
2011		5.0	5.0	5.0	57.9	72.9
2012		10.0	10.2	5.4	—	25.6

		Total debt
		Q1	Q2	Q3	Q4	FY
2011		38.4	43.7	41.4	94.0	94.0
2012		64.2	108.5	140.4	138.0	138.0

		Equity						Return on Equity (2)
		Q1	Q2	Q3	Q4	FY		Q1		Q2		Q3		Q4		FY
2011		143.7	143.4	144.3	96.1	96.1	2010	27.3	%	22.2	%	18.5	%	22.0	%	22.0	%
2012		95.4	92.5	95.4	102.4	102.4	2011	25.3	%	29.7	%	34.8	%	34.0	%	34.0	%

(1	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(2	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




Hamilton Beach Brands, Inc.
(in millions, except percentage data)

	Revenues									Revenues % Change Year Over Year
	Q1		Q2	Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
2011	100.6		104.3	126.7		161.4		493.0	2011	(1.9	)%	1.0	%	(5.0	)%	(8.6	)%	(4.4	)%
2012	104.9		110.7	124.8		181.2		521.6	2012	4.3	%	6.1	%	(1.5	)%	12.3	%	5.8	%

	Gross Profit $									Gross Profit %
	Q1		Q2	Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
2011	19.2		19.4	23.2		35.4		97.2	2011	19.1	%	18.6	%	18.3	%	21.9	%	19.7	%
2012	19.1		20.8	24.5		37.9		102.3	2012	18.2	%	18.8	%	19.6	%	20.9	%	19.6	%

	Operating Expenses									Operating Expenses as a % of revenues
	Q1		Q2	Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
2011	15.9		15.8	15.3		16.4		63.4	2011	15.8	%	15.1	%	12.1	%	10.2	%	12.9	%
2012	17.0		15.7	15.8		18.0		66.5	2012	16.2	%	14.2	%	12.7	%	9.9	%	12.7	%

	Operating Profit (Loss) $									Operating Profit (Loss) %
	Q1		Q2	Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
2011	3.3		3.6	7.9		19.0		33.8	2011	3.3	%	3.5	%	6.2	%	11.8	%	6.9	%
2012	2.1		5.1	8.7		19.9		35.8	2012	2.0	%	4.6	%	7.0	%	11.0	%	6.9	%

	Interest (Income) Expense
	Q1		Q2	Q3		Q4		FY
2011	1.6		1.3	1.3		1.0		5.2
2012	0.9		0.7	0.5		0.6		2.7

	Other (Income) Expense
	Q1		Q2	Q3		Q4		FY
2011	—		0.2	0.8		(0.2	)	0.8
2012	(0.5	)	0.9	(0.3	)	0.2		0.3

	Income (Loss) Before Taxes									Effective Income Tax Rate
	Q1		Q2	Q3		Q4		FY		Q1		Q2		Q3		Q4		FY
2011	1.7		2.1	5.8		18.2		27.8	2011	41.2	%	38.1	%	29.3	%	34.1	%	33.8	%
2012	1.7		3.5	8.5		19.1		32.8	2012	41.2	%	37.1	%	37.6	%	33.5	%	35.4	%

	Net Income (Loss)
	Q1		Q2	Q3		Q4		FY
2011	1.0		1.3	4.1		12.0		18.4
2012	1.0		2.2	5.3		12.7		21.2

	Depreciation and amortization expense
	Q1		Q2	Q3		Q4		FY
2011	0.6		0.6	2.2		1.5		4.9
2012	0.6		0.6	0.7		1.2		3.1

	Net Working Capital (1)
	Q1		Q2	Q3		Q4		FY
2011	95.3		77.9	88.0		98.3		98.3
2012	88.9		80.5	105.8		96.9		96.9




Hamilton Beach Brands, Inc.
(in millions, except percentage data)

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2011		0.4		1.1		1.0		1.2		3.7
2012		0.4		0.9		0.9		1.0		3.2

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2011		(0.6	)	21.3		(0.6	)	4.1		24.2
2012		6.5		12.9		(11.9	)	19.9		27.4

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2011		(0.4	)	(1.1	)	(1.0	)	(1.2	)	(3.7	)
2012		(0.4	)	(0.9	)	(0.9	)	(1.0	)	(3.2	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2011		(1.0	)	20.2		(1.6	)	2.9		20.5
2012		6.1		12.0		(12.8	)	18.9		24.2

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2011		(0.3	)	3.7		(60.2	)	—		(56.8	)
2012		(14.2	)	(9.8	)	10.9		(17.6	)	(30.7	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2011		—		(4.0	)	—		—		(4.0	)
2012		—		10.0		—		5.0		15.0


		Total debt
		Q1		Q2		Q3		Q4		FY
2011		114.8		114.5		54.2		54.2		54.2
2012		40.0		41.4		52.3		39.7		39.7

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1	Q2	Q3	Q4		FY
2011		16.0		21.7		25.0		35.0		35.0		2011	n.m.	n.m.	n.m.	n.m.		n.m.
2012		37.2		29.2		35.3		43.2		43.2		2012	68.2%	65.2%	63.4%	58.9	%	58.9%


(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




The Kitchen Collection, LLC
(in millions, except percentage data and number of stores)

	Number of stores											Average sales per store
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	299		301		312		337		337		2011	0.1		0.1		0.2		0.3		0.7
2012	327		320		319		312		312		2012	0.1		0.1		0.2		0.3		0.7

	Revenues
	Q1		Q2		Q3		Q4		FY
2011	40.9		40.0		48.9		91.4		221.2
2012	45.3		42.3		48.2		88.9		224.7

	Gross Profit $											Gross Profit %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	17.6		17.8		22.3		39.7		97.4		2011	43.0	%	44.5	%	45.6	%	43.4	%	44.0	%
2012	19.5		18.7		21.4		36.2		95.8		2012	43.0	%	44.2	%	44.4	%	40.7	%	42.6	%

	Operating Expenses											Operating Expenses as a % of revenues
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	23.0		22.1		22.9		26.9		94.9		2011	56.2	%	55.3	%	46.8	%	29.4	%	42.9	%
2012	24.1		23.8		23.3		29.2		100.4		2012	53.2	%	56.3	%	48.3	%	32.8	%	44.7	%

	Operating Profit (Loss) $											Operating Profit (Loss) %
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	(5.4	)	(4.3	)	(0.6	)	12.8		2.5		2011	(13.2	)%	(10.8	)%	(1.2	)%	14.0	%	1.1	%
2012	(4.6	)	(5.1	)	(1.9	)	7.0		(4.6	)	2012	(10.2	)%	(12.1	)%	(3.9	)%	7.9	%	(2.0	)%

	Interest (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	0.1		0.1		0.1		0.2		0.5
2012	0.1		0.1		0.1		0.2		0.5

	Other (Income) Expense
	Q1		Q2		Q3		Q4		FY
2011	—		—		0.1		—		0.1
2012	—		0.1		—		(0.1	)	—

	Income (Loss) Before Taxes											Effective Income Tax Rate
	Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011	(5.5	)	(4.4	)	(0.8	)	12.6		1.9		2011	40.0	%	38.6	%	37.5	%	39.7	%	42.1	%
2012	(4.7	)	(5.3	)	(2.0	)	6.9		(5.1	)	2012	40.4	%	39.6	%	40.0	%	40.6	%	39.2	%

	Net Income (Loss)
	Q1		Q2		Q3		Q4		FY
2011	(3.3	)	(2.7	)	(0.5	)	7.6		1.1
2012	(2.8	)	(3.2	)	(1.2	)	4.1		(3.1	)

	Depreciation and amortization expense
	Q1		Q2		Q3		Q4		FY
2011	0.8		0.7		0.8		0.8		3.1
2012	0.7		0.7		0.8		1.4		3.6




The Kitchen Collection, LLC
(in millions, except percentage data and number of stores)

		Net Working Capital (1)
		Q1		Q2		Q3		Q4		FY
2011		43.5		41.5		44.0		36.1		36.1
2012		44.9		45.2		41.7		30.6		30.6

		Capital Expenditures
		Q1		Q2		Q3		Q4		FY
2011		0.6		0.9		0.6		0.2		2.3
2012		1.7		0.8		1.0		0.4		3.9

		Net cash provided by (used for) operating activities
		Q1		Q2		Q3		Q4		FY
2011		(18.2	)	(1.3	)	(1.7	)	26.1		4.9
2012		(19.1	)	(4.0	)	1.4		25.5		3.8

		Net cash provided by (used for) investing activities
		Q1		Q2		Q3		Q4		FY
2011		(0.6	)	(0.9	)	(0.6	)	(0.2	)	(2.3	)
2012		(1.7	)	(0.8	)	(1.0	)	(0.4	)	(3.9	)

		Cash flow before financing activities (2)
		Q1		Q2		Q3		Q4		FY
2011		(18.8	)	(2.2	)	(2.3	)	25.9		2.6
2012		(20.8	)	(4.8	)	0.4		25.1		(0.1	)

		Net cash provided by (used for) financing activities
		Q1		Q2		Q3		Q4		FY
2011		7.8		2.1		2.5		(14.9	)	(2.5	)
2012		10.0		4.9		(0.4	)	(14.7	)	(0.2	)

		Dividends to (capital contributions from) NACCO
		Q1		Q2		Q3		Q4		FY
2011		2.5		—		—		—		2.5
2012		—		—		—		—		—


		Total debt
		Q1		Q2		Q3		Q4		FY
2011		10.4		12.5		15.0		—		—
2012		10.0		15.0		14.7		—		—

		Equity											Return on Equity (3)
		Q1		Q2		Q3		Q4		FY			Q1		Q2		Q3		Q4		FY
2011		42.3		39.6		39.1		46.7		46.7		2011	4.6	%	2.6	%	1.7	%	2.5	%	2.5	%
2012		43.9		40.7		39.5		43.6		43.6		2012	3.8	%	2.6	%	1.0	%	(7.2	)%	(7.2	)%

(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.




NACCO and Other
(in millions, except percentage data)

		Operating Profit (Loss) (1)
		Q1		Q2		Q3		Q4		FY
2011		(2.5	)	(1.1	)	(0.9	)	(2.8	)	(7.3	)
2012		(1.5	)	(1.5	)	(0.6	)	(3.4	)	(7.0	)

		Interest (Income) Expense
		Q1		Q2		Q3		Q4		FY
2011		—		—		—		—		—
2012		—		—		—		—		—

		Other (Income) Expense
		Q1		Q2		Q3		Q4		FY
2011		(56.8	)	0.3		0.2		0.2		(56.1	)
2012		0.3		0.8		0.4		3.1		4.6

		Income (Loss) Before Taxes (1)
		Q1		Q2		Q3		Q4		FY
2011		54.3		(1.4	)	(1.1	)	(3.0	)	48.8
2012		(1.8	)	(2.3	)	(1.0	)	(6.5	)	(11.6	)

		Net Income (Loss)
		Q1		Q2		Q3		Q4		FY
2011		34.7		(1.0	)	(0.7	)	(2.3	)	30.7
2012		(1.4	)	(2.2	)	0.3		(4.4	)	(7.7	)

(1	)	On September 28, 2012, the Company spun-off Hyster-Yale Materials Handling, Inc. ("Hyster-Yale"), a former subsidiary. The financial position, results of operations and cash flows of Hyster-Yale and any costs incurred by NACCO and Other related to the spin-off are reflected as discontinued operations for 2012 and 2011. 2010 and prior results have not been reclassified to reflect Hyster-Yale as discontinued operations.

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NACCO INDUSTRIES INC - FORM 8-K - EX-99 - EXHIBIT - March 6, 2013

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