Ats Corporation · TSX:ATS
Ats — Q3 2025 Earnings Presentation
15 slides from Ats's earnings presentation, Feb 5, 2025
Slide 1: Q3 2025 Earnings Call
Q3 2025 Earnings Call February 5, 2025 8:30am ET
Slide 2: Today's Hosts
Today's Hosts Andrew Hider Ryan McLeod Chief Executive Officer Chief Financial Officer
Slide 3: Forward Looking Statements
Forward Looking Statements Note to Reader: This presentation and the oral statements made during this call contain certain statements that may constitute forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws ("forward-l
Slide 4: Non-IFRS and Other Financial Measures
Non-IFRS and Other Financial Measures Throughout this presentation management uses certain non-IFRS financial measures, non-IFRS ratios and supplementary financial measures to evaluate the performance of the Company. The terms “EBITDA”, “organic revenue”, “adjusted net income”, “adjusted earnings fr
Slide 5: Q3 2025 & Recent Highlights
Q3 2025 & Recent Highlights Second highest Order Bookings1 in company history ▪ Q3 Order Bookings¹ up ~ 32% y/y to $883M; all market verticals contributed to this growth ▪ Q3 Revenues down ~13% y/y to $652M on expected lower EV revenues ▪ Q3 Adj. Earnings from Operations¹ of $65.7M, 10.1% adjusted e
Slide 6: Outlook
Outlook Order Backlog1 provides good revenue visibility: • Life Sciences $1,220M: ◦ Record Order Backlog; Funnel remains strong; Q3 Order Bookings secured across key strategic submarkets including radio-pharma, autoinjectors, wearables and other medical devices • Food and Beverage $252M: ◦ Funnel re
Slide 7: Financial Results
Financial Results Y/Y Y/Y Y/Y Y/Y (C$ M, except per share Q3 Q3 Change Change F2025 F2024 Change Change data) F2025 F2024 ($) (%) ($) (%) Revenues $652.0 $752.0 $(100.0) (13.3)% $1,959.0 $2,241.4 $(282.4) (12.6)% Revenue Growth: QTR YTD Earnings from operations 33.1 78.5 (45.4) (57.8)% 122.8 240.6 (
Slide 8: Summary
Summary ▪ Strong, diversified Order Backlog1 provides good revenue visibility ▪ Order Bookings1 are second highest in company history ▪ Estimated Q4-F25 revenue range of $650M to $710M ▪ Substantially complete on reorganization activities to more closely align the business with lower end- customer d
Slide 9: ATS
ATS
Slide 10: WATS
WATS
Slide 11: Appendix: Measures
Appendix Reconciliation of Non-IFRS Measures to IFRS Measures 11
Slide 12: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles adjusted EBITDA and EBITDA to the most directly The following table reconciles organic revenue to the most directly comparable IFRS measure (net income) (in millions of dollars): comparable IFRS measure (re
Slide 13: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles adjusted earnings from operations to the most The following table reconciles adjusted basic earnings per share to the most directly comparable IFRS measures (net income) (in millions of dollars): directly c
Slide 14: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles net debt to adjusted EBITDA to the most directly The following table reconciles free cash flow to the most directly comparable comparable IFRS measure (in millions of dollars): IFRS measure (in millions of
Slide 15: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures The following table reconciles the previously reported non-IFRS financial measures to reflect the exclusion of the stock-based compensation revaluation expenses: (C$ M) Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 F2023 F2024 F2024 F2024 F2024 F2025 F2025 F2
ATS Corporation Common Shares — Q3 2025 Earnings Presentation on 6ix