Dexterra Group, Inc. · TSX:DXT
Dexterra — Q1 2023 Earnings Presentation
12 slides from Dexterra's earnings presentation, May 10, 2023
Slide 1: Q1 2023 Results
Q1 2023 Results Analyst & Investor Call May 10, 2023
Slide 2: Cautionary Statement
Cautionary Statement In this presentation, all amounts are in Canadian dollars, unless otherwise indicated. Any graphs, tables or other information in this presentation demonstrating the historical performance of Dexterra Group Inc. (“Dexterra Group”) or of any of its business units contained in thi
Slide 3: Bill McFarland, Board of Directors Chair
Bill McFarland Board of Directors Chair 3
Slide 4: Mark Becker, Chief Executive Officer
Mark Becker Chief Executive Officer 4
Slide 5: Q1 Progress on the 2023 Business Plan
Q1 Progress on the 2023 Business Plan Revenue: Focus on execution and profitability IFM ◦ Inflation management ◦ Margin improvement ◦ Organic growth WAFES Adjusted EBITDA: ◦ Capitalizing on high natural resource activity ◦ Continued market share capture Modular ◦ Execution of business improvement pl
Slide 6: Integrated Facilities Management
Integrated Facilities Management A growing Support Services business with an expanding footprint and diversified client base Trend Q1 2022 - Q1 2023 ◦ Revenue Growth – 35% over Q1-2022 – 10% over Q4-2022 ◦ Improved margins ◦ Dana volumes and margin normalized ◦ Inflation abating and managed effectiv
Slide 7: Workforce Accommodations, Forestry, Energy Services
Workforce Accommodations, Forestry, Energy Services A strong business with a natural resource foundation Trend Q1 2022 - Q1 2023 ◦ Revenue Growth – 13% over Q1-2022 – 5% over Q4-2022 ◦ Consistently strong margins, excluding retro-price adjustment in Q4-2022 ◦ Strong camp occupancy and Energy Service
Slide 8: Modular Solutions
Modular Solutions A developing manufacturing & services business Trend Q1 2022 - Q1 2023 ◦ Revenue Growth – 20% Q1-2022 – Flat vs Q4-2022 ◦ Strong execution of business improvement plan ◦ Backlog of fixed-price BCH affordable housing projects to be completed by Q3 2023 ◦ Q4-2022 provision reasonable
Slide 9: Drew Knight, Chief Financial Officer
Drew Knight Chief Financial Officer 9
Slide 10: Financial Position & Economic Outlook
Financial Position & Economic Outlook ◦ Strong financial position and liquidity ◦ Leverage slightly above 1x forward EBITDA ◦ Debt facility renewal process commenced ◦ Free Cash Flow conversion target ~50% of Adjusted EBITDA annually ◦ Declared Q2 dividend ◦ Manage costs and recession action plan ◦
Slide 11: Path Forward
Path Forward Overall: IFM ◦ 2023 continued focus on execution and profitability 50%-60% Integrated Facilities Management: ◦ Profitable organic growth and inflation management ◦ Seasonality to business ◦ Margin expansion ◦ Potential acquisitions back half of year WAFES: ◦ Capitalize on high natural r
Slide 12: Question & Answer Period
Question & Answer Period Questions (??) Lo