Superior Plus Corp · TSX:SPB
Superior Plus — Q2 2023 Earnings Presentation
12 slides from Superior Plus's earnings presentation, Aug 3, 2023
Slide 1: 2023 Second Quarter Results
2023 Second Quarter Results August 3, 2023 Driving Growth from the Low Carbon Future 1
Slide 2: Forward-looking statements and information
Forward-looking statements and information This presentation contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities laws. When used in this press release, the words “may”, “will”, “should”, “expect”, “plan”, “anticipate
Slide 3: Transitioning to a Low-Carbon Energy Distribution Company
Transitioning to a Low-Carbon Energy Distribution Company Superior has completed a comprehensive 5-year transformation creating a low carbon energy distributor with strong free cash flow that is well-positioned for future organic growth 2018 2019 2020 2021 2022 2023 Acquisition of Retail East Integr
Slide 4: A Highly Integrated North American Mobile Energy Distribution Company
A Highly Integrated North American Mobile Energy Distribution Company Canadian leader in propane distribution1 4th largest U.S. retail propane distributor2 North American leader in on-road CNG, RNG and hydrogen distribution3 Distribution hubs across the U.S. and Canada Superior Operations Both Super
Slide 5: Certarus: The Leader in the Rapidly Growing Low Carbon Energy Space
Certarus The Leader in the Rapidly Growing Low Carbon Energy Space #1 in North America 654 MSUs in Fleet Today1, 2 $6 - $8 Billion in on-road Low Carbon Energy Solutions with ~50% of the North American MSU capacity3 Addressable Market3 in low carbon energy that is growing rapidly $650+ Million $185
Slide 6: Energy Distribution Platform Provides Optionality
Certarus Energy Distribution Platform Provides Optionality MSU Fleet Count2 Period end figure Mobile Storage Units Avg. for period 727 640 542 MSU deployment drives EBITDA Ability to service various customer applications with same MSUs 495 580 667 Interchangeable between CNG, RNG and H2 2021 2
Slide 7: Q2 2023 Results and Business Update
Q2 2023 Results and Business Update Adjusted EBITDA (millions)1 40.1 57% 2023 Guidance 25.6 Adjusted EBITDA(1)(2) $630m – $670m Q2 2022 Q2 2023 • Superior Plus completed the acquisition of Certarus on May 31, U.S. Propane Increasing 2023 Pro Forma 2023 Canadian Propane Adjusted EBITDA(1) Guidance, •
Slide 8: Q2 2023 Financial Results
Q2 2023 Financial Results Q2 2023 Q2 2022 Adjusted $40 26 EBITDA1 million million Net earnings $(40) $(85) (loss) million million 1) Adjusted EBITDA is a Non-GAAP Financial Measure. Details for Non-GAAP financial information is provided in Superior’s Q2 management discussion and analysis (“MD&A”) fo
Slide 9: Q2 2023 vs. Q2 2022 – Adjusted EBITDA Bridge
Q2 2023 vs. Q2 2022 – Adjusted EBITDA(1) Bridge $4.4 $12.6 Adjusted EBITDA (millions) $0.3 $3.6 $2.4 $40.1 $25.6 (2) Q2 2022 U.S. Propane Canadian Propane Wholesale Propane Certarus Corporate Q2 2023 1) Adjusted EBITDA is a Non-GAAP Financial Measure. Details for Non-GAAP financial information is pr
Slide 10: 2023 Pro Forma Adjusted EBITDA and Leverage Update
2023 Pro Forma Adjusted EBITDA and Leverage Update (1)(2) • Increasing 2023 Pro Forma Adjusted EBITDA guidance range from $620M - $660M to a range of $630M - $670M due to stronger than anticipated Q2 results for Certarus and expectations for the remainder of 2023 (1)(2) • As at Q2 2023, Superior is
Slide 11: Questions
Questions 2023 Second Quarter Results August 3, 2023 11
Slide 12: Non-GAAP Financial Information
Non-GAAP Financial Information Throughout the presentation, Superior has used the following terms that are not defined by GAAP, but are used by management to evaluate the performance of Superior and its businesses. Since non-GAAP financial measures do not have standardized meaning prescribed by GAAP