Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Investor Presentation (November 2024)
22 slides from Atco Ltd. Class I's investor presentation, Nov 18, 2024
Slide 1: Disclaimer
DISCLAIMER Due to uncertainty surrounding the application of recent amendments to the Competition Act (Canada), this document is provided for historical information purposes only and does not constitute an active or current representation of ATCO Ltd. or any of its related parties. The purpose of th
Slide 2: Investor Presentation
Investor Presentation ATCO Ltd. November 18, 2024
Slide 3: Agenda
ATCO Investor Presentation Agenda Legal Notice 3 ATCO Group Overview 5 Financial Overview 8 Credit Ratings 10 Community Engagement 11 ATCO Structures 13 ATCO Ltd. Investor Presentation 2
Slide 4: Legal Notice
Legal Notice Forward-Looking Information Advisory Statements made by company representatives and information provided in this presentation may be considered forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan",
Slide 5: Legal Notice: Non-GAAP and Other Financial Measures
Legal Notice Non-GAAP and Other Financial Measures Disclosure Advisory This presentation contains various “total of segments measures” (as such term is defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112")) and "non-GAAP financial measures" (as such t
Slide 6: Group Overview
ATCO Group Overview ATCO Ltd. Investor Presentation 5
Slide 7: Organizational Structure
ATCO Group Overview Organizational Structure 100% 40% 100% 52.6%1 Structures & Logistics Neltume Ports Corporate2 Business Unit Land and Structures Development Frontec Retail3 1. Canadian Utilities Limited ownership as of September 30, 2024. 2. ATCO Corporate & Other also includes the global corpora
Slide 8: ATCO HoldCo Strategy
ATCO Group Overview ATCO HoldCo Strategy As businesses mature, Growth they evolve down the New growth is guided by our focus on essential pyramid. services, the energy transition, and key relationships. Value These investments provide a balance between yield and growth STRUCTURES Yield Stable utilit
Slide 9: Foundational stability of the regulated utility underpins our growth assets
Financial Overview Foundational stability of the regulated utility underpins our growth assets ATCO Adjusted Earnings 1 ATCO Corporate & Other1 ATCO Australia1 $4 $23 Portfolio Balances Yield and Long-term Neltume Ports Growth $18 $335M Structures & Growing Earnings Profile Logistics1 1,2 ATCO $80 E
Slide 10: Q3 2024 Adjusted Earnings Waterfall
Financial Overview Q3 2024 Adjusted Earnings1 Waterfall $4 $8 $2 $0 +12% $91 Year-over-Year Growth $81 Q3 Canadian Structures & Neltume ATCO Corporate Q3 20231 Utilities 2 Logistics 2 Ports & Other 2 2024 1 Note: Millions of Canadian dollars. 1. Total of segments measure (as defined in NI 52-112). T
Slide 11: Strong Issuer Credit Ratings
Financial Overview Strong Issuer Credit Ratings A (low) BBB+ A (high) A- A A- Note: As of September 30, 2024. ATCO Ltd. Investor Presentation 10
Slide 12: A Long History of Collaborating with Indigenous Communities
Community Engagement A Long History of Collaborating with Indigenous Communities 36+ YEARS 1987: established relationship with Strong relationships2 with Indigenous peoples positions ATCO as a trusted partner Naka Power (formerly Denendeh Investments) 294 Nunavut Ltd Ermineskin Cree Nation Makivik C
Slide 13: There's more to a share of ATCO
Community Engagement There’s more to a share of ATCO Long-term owners with deep relationships in the communities we operate. We are: Reliable Values driven Authentic Influential ATCO Ltd. Investor Presentation 12
Slide 14: Structures
Structures ATCO Ltd. Investor Presentation 13
Slide 15: Key Business Stats
ATCO Structures Key Business Stats 44 $182M Well-established, large asset base (For the nine months ended September 30) 2024 2023 Change Branch Adjusted Global Space Rentals Locations EBITDA1,2 27k $83M Number of units 24,763 23,897 4% Average utilization (%) 74 75 (1%) Average rental rate ($ per mo
Slide 16: Global Footprint
ATCO Structures Global Footprint 44 Branch locations AUSTRALIA 12 Manufacturing Locations Calgary (2x), AB 5 Countries Canada Australia Lethbridge, AB United States SOUTH Grimsby, ON Mexico AMERICA Cambridge, ON Chile NORTH AMERICA Kamloops, BC Diboll, TX Adelaide, Aus Perth, Aus Brisbane, Aus Guada
Slide 17: Proven Execution in the Space Rentals Market
ATCO Structures Proven Execution in the Space Rentals Market Consistent leasing activity results in a steady revenue profile High margin and generates strong cash flow Strong demand for used product reinforces terminal value Reliable recurring cash flow enables continued growth of base business ATCO
Slide 18: Workforce Housing: Proven Operators with Scale
ATCO Structures Workforce Housing: Proven Operators with Scale Meaningful financial impact as projects are generally larger scale Major Projects enable growth of sustainable base business Experience operating projects across a diverse range of end markets and geographies Track record of winning and
Slide 19: Growth Strategy in Action
ATCO Structures Growth Strategy in Action Space Rentals Modular Housing Grow existing base Rapid Deployment Superior quality Expand rental fleet and consistency Geographic expansion Improved safety Focused on the United Longer warranties States, Canada and Australia Higher energy efficiency Scaled f
Slide 20: Housing Crisis? It's a Supply Side Crisis
ATCO Structures Housing Crisis? It’s a Supply Side Crisis 3.5M housing units in Canada needed by 20301 3 Additional population per housing unit built the prior year 2 1 1973 1998 2022 1. Canada Mortgage and Housing Corporation, 2023. ATCO Ltd. Investor Presentation 19
Slide 21: Triple M Housing
ATCO Structures Triple M Housing Superior Rapid Higher Improved Longer Quality & Deployment Energy Safety Warranties Consistency Efficiency Smarter building to efficiently address the bottleneck in the market ATCO Ltd. Investor Presentation 20
Slide 22: Always there. Anywhere.
Always there. Anywhere. InvestorRelations@atco.com ATCO Ltd. Investor Presentation 21