Slide 1: Q1 2024 Results
Q 1 2 0 2 4 R E S U LT S COLABOR GROUP INC.(TSX: GCL) May 2, 2024 1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT DISCLAIMER This document is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Colabor Group Inc. and has not been prepared for delivery to, and review by, prospective investors in order to assist
Slide 3: Content
CONTENT • Phase II of our Turnaround • Evolution of our Strategic Plan • Financial results • Share information 3
Slide 4: Phase II of Our Turnaround
PHASE II OF OUR TURNAROUND Our transformation strategy had delivered 11 consecutive quarters of year-over-year revenue growth, with a slight slowdown for the first time in Q1 2024 A diversified clientele across the distribution activities, Implementation of strategic initiatives helped mitigating al
Slide 5: New Hybrid Facility (St-Bruno, Quebec)
N E W H Y B R I D FA C I L I T Y ( S T- B R U N O , Q U E B E C ) Rendering image provided by Écoparc Saint- Bruno. 5
Slide 6: Evolution of the 5-Year Strategic Plan
E VO L U T I O N O F T H E 5 - Y E A R S T R AT E G I C P L A N P R O F I TA B I L I T Y GROWTH PEOPLE BRAND G E N E R AT E POTENTIAL REACH AT T R A C T, R E T A I N R EN EW, P R O F ITAB L E G R O W T H FROM 30% TO 90% AND DEVELOP REFRESH OF THE HRI MARKET • Improve customer & product • HR focus on
Slide 7: First Quarter 2024 Highlights
FIRST QUARTER 2024 HIGHLIGHTS Q1 2024 SALES AND PROFITABILITY -2.0% DISTRIBUTION SALES UP BY 0.4% $133.9M $131.2M WHOLESALE SALES DOWN BY 8.7% CONSOLIDATED • Higher distribution volume; • New HRI customers and territories; SALES • Impact of inflation estimated at 2.7%; • Lower sales volume from rest
Slide 8: Q1 2024 Net Loss and Cash Flow Trend
Q1 2024 NET LOSS AND CASH FLOW TREND Net loss increased to $1.8M (-$0,02 per share), from a net loss of $0.2M ($nil per share) NET LOSS • Decrease in EBITDA (1); • Increase in depreciation and amortization, and finance expenses related to the increase in lease obligations, particularly the one for o
Slide 9: Q1 2024 Net Debt and Leverage Ratio Trend
Q1 2024 NET DEBT AND LEVERAGE RATIO TREND -$4.7M $61.5M $56.8M Net debt decreased to $56.8M, from $61.5M at Q4 2023 • Repayment of credit facility of $3M; NET DEBT (1) • Decrease in bank indebtedness. Q4 2023 Q1 2024 Leverage ratio decreased to 2.3x LEVERAGE 2.4x 2.3x RATIO(2) • Decrease of net debt
Slide 10: Q1 2024 Financial Highlights
Q1 2024 FINANCIAL HIGHLIGHTS 12-week period (in thousands of dollars, except percentages, per share data and 2024 2023 financial leverage ratio) Sales from continuing operations 131,200 133,923 (1) Adjusted EBITDA 4,882 5,574 (1) Adjusted EBITDA margin (%) 3.7 4.2 Net loss from continuing operations
Slide 11: Share Information
SHARE INFORMATION (TSX: GCL) LAST 52 WEEKS STOCK PRICE (as at April $1.24 30th, 2024) 52-week low-high $0.72 - $1.33 Number of shares issued 101,986,464 and outstanding Average volume (30 days) 199k Market capitalization $126.0M Institutional and ≈ 40% management ownership Analyst coverage: Kyle McP
Slide 12: Non-IFRS Measures
NON-IFRS MEASURES First quarter Reconciliation of Net Loss to Adjusted EBITDA 2024 2023 (in thousands of dollars) 12-weeks 12-weeks Net loss from continuing operations (1,776) (160) Income taxes recovered (616) (107) Financial expenses 2,589 1,242 Operating earnings 197 975 Expenses for stock-based
Slide 13: 1601 René-Descartes Street, Suite 103 Saint-Bruno-de-Montarville (Québec) J3V 0A6 Canada
1601 René-Descartes Street, Suite 103 Saint-Bruno-de-Montarville (Québec) J3V 0A6 Canada Phone : 450 449-4911 Fax : 450 449-6180 investors@colabor.com 13