Mattr Corp · TSX:MATR

Mattr — Shawcor — Investor Day (March 2020)

14 slides from Mattr's investor day presentation, Mar 23, 2020

  1. Slide 1: 2020 Investor Day

    + SOLUTIONS MATTER 2020 INVESTOR DAY Assets protected with RFID data-enabled end caps

  2. Slide 2: Disclosure Statement

     DISCLOSURE STATEMENT This presentation includes certain statements that reflect management’s expectations and objectives for the Company’s future performance, opportunities and growth, which statements constitute "forward looking information" and "forward looking statements" (collectively "forward

  3. Slide 3: An Engine for Sustained Growth

    → AN ENGINE FOR SUSTAINED GROWTH BUSINESS FINANCIAL INHERENT VALUE → Pipeline & Pipe Services → Management → Sum of the Parts → Composite Systems → Commitment to Shareholders → Automotive & Industrial → Performance

  4. Slide 4: Pipeline & Pipe Services Business Outlook

    → BUSINESS OUTLOOK PIPELINE & PIPE SERVICES International and offshore projects will drive Pipeline Protection & improved profitability and cash generation in Products 2020 and beyond  Work secured will result in step-up in H2 2020 performance  Additional awards will build backlog and be supportiv

  5. Slide 5: Composite Systems Business Outlook

    → BUSINESS OUTLOOK COMPOSITE SYSTEMS Growing acceptance and established base business will drive high growth Composite Pipe  Market share supports forward performance  Addressable market expansion provides a hedge for near term results  Conversion to Composites is just starting and will support f

  6. Slide 6: Automotive & Industrial Business Outlook

    → BUSINESS OUTLOOK AUTOMOTIVE & INDUSTRIAL Stable outlook with growth prospects in core Automotive & Industrial markets Heat Shrink  Tied to stable core markets of automotive and industrial  Near term upside with nuclear refurbishment  Continued base growth underpinned by electric vehicle product

  7. Slide 7: Capital & Expense Discipline: CAPEX

    → FINANCIAL STRENGTHS CAPITAL & EXPENSE DISCIPLINE Preserve global, large project operating advantage through disciplined financial management  Global footprint and mobile assets remain an advantage  $1.2 billion in capital assets require less than $50 million to maintain  Ongoing review of Pipel

  8. Slide 8: Capital & Expense Discipline: SG&A

    → FINANCIAL STRENGTHS CAPITAL & EXPENSE DISCIPLINE Ensure SG&A expenses are appropriate to our scope and operating dynamics  All encompassing view of SG&A  Disciplined SG&A management practices – 2019 declined as % of revenue  Management incentive programs linked to real business metrics 2,000 30

  9. Slide 9: Commitment to Dividend

    → FINANCIAL STRENGTHS COMMITMENT TO DIVIDEND Sustaining our track record of paying dividends through economic cycles is a priority  $238 million paid in the last 6 years  Maintained the dividend during the downturn  Committed to returning cash to shareholders from sustainable earnings 300 243 250

  10. Slide 10: Company & Segment EBITDA Profile

    → FINANCIAL STRENGTHS COMPANY & SEGMENT EBITDA PROFILE SHAWCOR’s EBITDA potential is significant with all three Segments contributing Adjusted EBITDA % (1) Pre-Downturn 2018 Actual (2) 2019 Actual Average (2) (3) Future Scenarios SHAWCOR TOTAL 11% 9% 18% 11% 13% 16% 18% PIPELINE & PIPE SERVICES 6% 2

  11. Slide 11: Capital Allocation

    → FINANCIAL STRENGTHS CAPITAL ALLOCATION SHAWCOR has clear priorities for use of future cash generated Maintain 60¢ / share  Dividends to Shareholders 1 PRIMARY $40-50 million / year  Maintenance CAPEX  Strengthened Balance Sheet Visibility of Net Debt Leverage < 1.5x  Non-Oil & Gas M&A  Select

  12. Slide 12: Diversification: Inherent Value

    → INHERENT VALUE DIVERSIFICATION SHAWCOR’s diversification imperative has created inherent value not yet recognized. Comparison of Trading Multiples - (EV/EBITDA) 2020 Consensus (1) PIPELINE & PIPE SERVICES  Oceaneering 8.7  Dril-Quip 10.6 Offshore 4 – 10x  Transocean 10.2 Services  Technip FMC

  13. Slide 13: Shawcor Investment Highlights

    → SHAWCOR INVESTMENT HIGHLIGHTS 1 Supportive Market Fundamentals Financial Discipline & 2 Organizational Capability 3 Strong Competitive Positioning 4 Positive Outlook 5 Attractive Entry Point

  14. Slide 14: Elements of Shawcor Success

    → ELEMENTS OF SHAWCOR SUCCESS Deliver Positive Leverage and Build On Generate Sustainable Returns On Core Strengths Profitable Growth Resources Invested For The Future Shareholders Employees Tomorrow Continual transition from where we • Growth • Purpose • Select are to where we need to be . . . • Yi

Shawcor — Investor Day (March 2020) on 6ix