Airboss Of America Corporation · TSX:BOS
Airboss Of America — Q4 2024 Earnings Presentation
29 slides from Airboss Of America's earnings presentation, March 2025
Slide 1: Building Value Through Innovation
BUILDING VALUE THROUGH INNOVATION AIRBOSS INVESTOR PRESENTATION MARCH 2025
Slide 2: Forward-Looking Information and Disclaimers
FORWARD-LOOKING INFORMATION AND DISCLAIMERS FORWARD-LOOKING INFORMATION DISCLAIMERS Certain statements contained or incorporated by reference herein, including those that express management’s expectations or estimates of future This presentation has been prepared by AirBoss of America Corp. (“AirBos
Slide 3: Pioneers of Innovation & Technology: Over 30 Years of Growth
PIONEERS OF INNOVATION & TECHNOLOGY Over 30 years OF GROWTH Acquired Acquired Acquired AirBoss Defense Uniroyal Goodrich tire molded glove plant In Kitchener, Ontario Where we began: Acquired Acquired Acquired developing a puncture- Acquired Purchase of Acton Completed purpose-built proof tire for t
Slide 4: One AirBoss, Multiple Customer Channels
ONE AIRBOSS, MULTIPLE CUSTOMER CHANNELS We develop, manufacture and market proprietary rubber-based products for the automotive, heavy commercial, construction and infrastructure, oil & gas, and defense industries SHARED CORE COMPETITIVE ADVANTAGES: INNOVATION EFFICIENCY SCALE AirBoss of America | 4
Slide 5: Synergies Drive Revenue Growth & Improved Margins
SYNERGIES DRIVE REVENUE GROWTH & IMPROVED MARGINS Compounded Rubber Materials R&D SHARED SERVICES, BEST PRACTICES, EXPERTISE, LOGISTICS & BACK-OFFICE INTEGRATION: Supply Chain Management Engineering & Chemistry Sales & Marketing Strategy & Governance Finance Legal, HR & IT AirBoss of America | 5
Slide 6: Historical Performance
HISTORICAL PERFORMANCE External Net Sales¹ $M Adjusted EBITDA1 $M Profit to Shareholders $M 12.6 45.3 477 426 387 -6.4 26.8 -12.5 21.9 -20.4 -31.9 -41.7 2022 2023 2024 2022 2023 2024 2022 2023 2024 2022 2023 2024 Adjusted Profit¹ Diversification benefits Revenues: Adjusted EBITDA: Reduced Profit due
Slide 7: Custom Rubber Compounding
CUSTOM RUBBER COMPOUNDING North America’s second largest custom compounder¹ Trusted supplier to significant, blue-chip customers in the major tire, off-the-road, industrial, defense and resource sectors Multi-decade, key customer relationships 500M 2000+ Net Sales Gross Profit Turn pounds of annual
Slide 8: Product-Focused Operations
PRODUCT-FOCUSED OPERATIONS Manufactures and distributes finished products to a variety of target markets including, automotive, non-automotive, and defense. Net Sales Gross Profit $177M $18M AirBoss of America | 8
Slide 9: Rubber Molded Products: Innovator in Anti-Vibration
RUBBER MOLDED PRODUCTS: INNOVATOR IN ANTI-VIBRATION Customized rubber-based anti-vibration and noise- reduction solutions for the automotive, electric vehicle, heavy truck, industrial and defense industries Multiple domestic and off-shore automakers and major Tier I/II suppliers to the global automo
Slide 10: Defense Products for Survivability
DEFENSE PRODUCTS FOR SURVIVABILITY Industrial and military-grade protection for chemical, biological, radioactivity and nuclear (“CBRN”) threats Personal protective equipment (“PPE”) for healthcare settings Blast monitoring and route clearance solutions for military and law enforcement personnel Air
Slide 11: Consistent Growth Through Multiple Economic Cycles
CONSISTENT GROWTH THROUGH MULTIPLE ECONOMIC CYCLES Wehave: $Millions AirBoss' Revenue History Consistent focus on innovation and 700 competitive advantages 650 2020-2022 PPE Spend due 600 to COVID-19 Diversified customer sectors to mitigate 550 risk of economic and contractual cycles 500 and dev
Slide 12: AirBoss Outperforms the Industry
AIRBOSS OUTPERFORMS THE INDUSTRY AirBoss Revenues vs U.S. Rubber and Plastics Products 7.0 (rebased to 1.0 as at 2000) 6.0 5.0 As we have consistently expanded our Multiple of 2000 Revenues addressable market, our growth has exceeded our industry peers 4.0 3.0 2.0 1.0 - 2000 2001 2002 2003 2004 2005
Slide 13: Strategic Value of Our North American Manufacturing Capacity
STRATEGIC VALUE OF OUR NORTH AMERICAN MANUFACTURING CAPACITY Geographically positioned to win U.S. government contracts Professionally managed supply chain with optimized shipping capabilities to domestic customers Acton-Vale, PQ Newmarket, ON Kitchener, ON Auburn Hills, MI Rochester, NY Jessup,
Slide 14: Shareholder Dividends
SHAREHOLDER DIVIDENDS Quarterly Dividend History C$ $0.10 $0.08 $0.06 Current dividend of $0.04 C$0.035 $0.02 $0.00 AirBoss of America | 14
Slide 15: Innovation & Execution in Our Business Segments
INNOVATION & EXECUTION IN OUR BUSINESS SEGMENTS AirBoss of America | 16
Slide 16: Growing the Rubber Business Over the Long Term
GROWING THE RUBBER BUSINESS OVER THE LONG TERM CORE DRIVER FOR SUSTAINABLE GROWTH AND PRODUCTIVITY: Focus on innovation in custom rubber compounding, while aiming to expand market share through organic and inorganic means EXPANSION OF CAPABILITIES: Expand our compounding capabilities with a focus on
Slide 17: Transforming the Rubber Business
TRANSFORMING THE RUBBER BUSINESS 100% ownership in Ace Elastomer, a U.S.-based custom rubber compounder provides AirBoss with higher margins & increased R&D capabilities • Access to higher margin colour and specialty compounding markets, including domestically produced enhanced small-batch processin
Slide 18: Building Value with New Solutions for Our Partners
BUILDING VALUE WITH NEW SOLUTIONS FOR OUR PARTNERS CONTINUED FOCUS ON EFFICIENCY & INNOVATION Meeting our Advancing Generating higher customers’ unique products up the margins demands technical curve EXPANDING OUR ACCESS INTO NON-AUTOMOTIVE SECTORS Growing our Extensive outreach to sector leaders to
Slide 19: Expanding Beyond Automotive
EXPANDING BEYOND AUTOMOTIVE Accelerated innovation, local sourcing & manufacturing wins AMP a strategic military contract with Navistar Defense • AirBoss’ locally-sourced materials met necessary compliance requirements for Navistar’s contract with the U.S. Military • Less than two months from purcha
Slide 20: Strengthening Our Broad Survivability Platform
STRENGTHENING OUR BROAD SURVIVABILITY PLATFORM CONTINUED FOCUS ON: Winning new Delivering on PPE consumables government awarded contracts contracts GROWING OUR PLATFORM: Source, develop and Seek strategic Cross-market existing product acquire new defense and acquisitions to lines to expanded custome
Slide 21: Evolving Technology to Protect Our Soldiers
EVOLVING TECHNOLOGY TO PROTECT OUR SOLDIERS Black Box Biometrics® - Transforming the battlefield with lightweight, wearable blast overpressure sensors • Benefit from the potential of widespread deployment of the Blast Gauge System across the U.S. DoD and other militaries • Broaden our technical and
Slide 22: Driven & Dedicated Management Team
DRIVEN & DEDICATED MANAGEMENT TEAM P.Gren Schoch Founded and chaired Petromet Resources in 1982; sold to Talisman for $900 million. Chairman & Co-CEO Co-founder of Aurora Oil & Gas; sold for $2.6 billion in 2014; Founded AirBoss in 1989; Chairman - 1989, CEO – 2013. Chris Bitsakakis More than
Slide 23: Board with Significant Diversified Industrial, Defense & Public Company Expertise
BOARD WITH SIGNIFICANT DIVERSIFIED INDUSTRIAL, DEFENSE & PUBLIC COMPANY EXPERTISE P. Gren Schoch Founded and chaired Petromet Resources in 1982; sold to Talisman for $900 million. Chairman & Co-CEO Co-founder - Aurora Oil & Gas; sold for $2.6 billion in 2014; Founded AirBoss in 1989; Chairman -
Slide 24: Appendix
APPENDIX AirBoss of America | 25
Slide 25: Q4 2024 Financial Highlights
Q4 2024 FINANCIAL HIGHLIGHTS Net Sales $M Adjusted EBITDA $M Profit $M EPS $ (FD) -2.6 -0.10 92.7 92.0 5.1 4.0 -36.0 -1.33 Q4 2023 Q4 2024 Q4 2023 Q4 2024 Q4 2023 Q4 2024 Q4 2023 Q4 2024 Net Sales Profit and Diluted Per Share Earnings 1% decrease primarily due to lower volumes partially offset by
Slide 26: Q4 2024 - AirBoss Rubber Solutions
Q4 2024 - AIRBOSS RUBBER SOLUTIONS ARS - Net Sales $M ARS - Gross Profit $M Inter-Segment Net Sales 4.8 3.5 7.8 5.9 49.7 43.8 Q4 2023 Q4 2024 Q4 2023 Q4 2024 ARS’ Q4 2024 results reflect lower sales across most sectors: ARS Net Sales decreased by 13% Gross Profit decrease principally due to lowe
Slide 27: Q4 2024 - AirBoss Manufactured Products
Q4 2024 - AIRBOSS MANUFACTURED PRODUCTS AMP - Net Sales $M AMP - Gross Profit $M 9.4 Inter-Segment Net Sales 0.0 1.0 43.0 48.2 -2.7 Q4 2023 Q4 2024 Q4 2023 Q4 2024 AMP’s Q4 2024 results reflect lower volumes from defense business: AMP Net Sales increased by 9% due to higher volumes in the defense
Slide 28: Reconciliation of Non-IFRS Measures
Reconciliation of Non-IFRS Measures AirBoss' financial statements prepared in accordance with IFRS and uses Non-IFRS Financial Measures. Management believes that these measures provide useful information to investors in measuring the financial performance of the Company. These measures do not have a
Slide 29: Thank You
THANK YOU. SHARE INFORMATION: Ticker Symbol TSX : BOS OCTQX : ABSSF Shares Outstanding 27,130,556 CONTACT DETAILS: Investor Relations investor.relations@airboss.com Media media@airboss.com www.airboss.com Shares outstanding are as of March 5, 2025. AirBoss of America | 30