Atlas Critical Minerals Corporation · NASDAQ:ATCX
Atlas Critical Minerals — Atlas Technical Consultants — Q3 2020 Earnings Presentation
15 slides from Atlas Critical Minerals's earnings presentation, Nov 9, 2020
Slide 1: Third Quarter 2020 Earnings Presentation
THIRD QUARTER 2020 EARNINGS PRESENTATION November 9, 2020
Slide 2: Forward-looking statements
The statements contained in this presentation that are not purely historical are forward - looking statements. Our forward - looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the futu
Slide 3: Agenda
3 AGENDA Business Overview L. Joe Boyer Chief Executive Officer Financial Overview & Outlook David Quinn Chief Financial Officer
Slide 4: A Leading National Technical Services Platform
TESTING, INSPECTION & ENVIRONMENTAL CONSULTING ESSENTIAL PROVIDER OF MISSION CRITICAL SERVICES HIGH QUALITY CUSTOMER AND WORK MIX ATLAS OVERVIEW $456M Gross Revenue 1 17.5% Adj. EBITDA Margin 1,2 $ 638M Backlog 90% Time & Materials 70% Existing Structures 9,000+ Annual Customers 50,000+ Annual Proje
Slide 5: Q3 2020 Highlights
5 • Stronger YoY revenues in government - based work • Private sector work strengthened as Q3 progressed • Net revenue at 81% of gross revenues, compared to 78% in prior year quarter, attributable to a higher level of self - performed work and cross - selling • Adj. EBITDA at 19.4% of net revenues,
Slide 6: Current Market Landscape
36% 15% 38% 6% 4% 6 Atlas’ mission critical services support infrastructure and other essential industries CURRENT MARKET LANDSCAPE Non - discretionary and government - based work remained strong throughout 2020 NET REVENUE BY END MARKET 1,2 1. Net Revenue is not a financial measure determined in ac
Slide 7: Backlog & Key Wins
BACKLOG 2017 $502M Q3 2020 $ 638 M Building strong pipeline of work, providing favorable trajectory into 2021 BACKLOG & KEY WINS Record backlog fueled by key wins across Atlas service offerings and geographies 7 Q3 KEY WINS VALUE SERVICES Gwinnett County, GA GDOT Highway $7M Program Management Unite
Slide 8: Executing on Deleveraging M&A
• Out - performing 2020 year - to - date expectations • Expanded position in key Southeast region markets being realized consistent with acquisition case • Strong business continuity and durability through COVID - 19 • Revenue synergies and cross - selling demonstrated through new project wins • Int
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Resilient business model delivered strong results 9 (Dollars in Millions) 1. Adjusted EBITDA and Net Revenue are not financial measures determined in accordance with GAAP. For a definition of Adjusted E BIT DA and Net Revenue and a reconciliation to our most directly comparable
Slide 10: Strengthening and Simplifying Capital Structure
Invest in Growth Acquisitions Purpose - built platform with strong accretive deal pipeline Maintain capital discipline Financial Flexibility Optimize Returns Prioritized actions to optimize capital structure and returns Value - enhancing initiatives Adj. Operating Cash Flow 1 LTM $60M 1 Adj. Operati
Slide 11: Full Year 2020 Outlook
FULL YEAR 2020 OUTLOOK Strong client base and resilient and scalable business model supports full year outlook 12 • Outlook reflects current visibility on timing of work, assuming no major retrenching of stay - at - home orders • Government - based work remains positive YoY with further sequential i
Slide 12: Strategic Growth Trajectory
12 2016 1 $228M 2017 $ 278M 1 2018 $426M 2019 $ 471M 1 2020 ~$ 459M 3 2021 Ongoing execution of organic and M&A growth strategy STRATEGIC GROWTH TRAJECTORY Proven execution of growth plan through organic and M&A means Gross Revenue 2 1 2016 Includes ATC as the accounting predecessor. 2017 includes p
Slide 13: Summary
Executing on pipeline of accretive and net leverage reducing acquisitions to further strengthen our resilient, purpose - built platform Strong underlying fundamentals with fully - funded backlog at record level and no cancelled projects Dependable government - based work moving forward and positione
Slide 14: Appendix
APPENDIX 14
Slide 15: Reconciliation Net Income to Adj. EBITDA
RECONCILIATION Net Income to Adj. EBITDA and LTM Q3 2020 15 Reconciliation Revenues LTM Q3 2020 Gross Revenues Reimburseable Expenses Net Revenues Nine months ended September 31, 2020 342,503$ (62,550)$ 279,953$ Plus: Quarter ended December 31, 2019 113,014 (20,562) 92,452 LTM Q3 2020 455,517$ (83,1
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