Atlas Critical Minerals Corporation · NASDAQ:ATCX
Atlas Critical Minerals — Atlas Technical Consultants — FY2020 Earnings Presentation
15 slides from Atlas Critical Minerals's earnings presentation, Mar 9, 2021
Slide 1: Fourth Quarter and Fiscal Year 2020 Earnings Presentation
FOURTH QUARTER AND FISCAL YEAR 2020 EARNINGS PRESENTATION March 8 , 2021
Slide 2: Forward-looking statements
The statements contained in this presentation that are not purely historical are forward - looking statements. Our forward - looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the futu
Slide 3: Agenda
3 AGENDA Business Overview L. Joe Boyer Chief Executive Officer Financial Overview & Outlook David Quinn Chief Financial Officer
Slide 4: Atlas Overview
ESSENTIAL PROVIDER OF MISSION CRITICAL SERVICES HIGH QUALITY CUSTOMER AND WORK MIX ATLAS OVERVIEW $468M Gross Revenue 1 16.4% Adj. EBITDA Margin 1,2 $628M Backlog 90% Time & Materials 70% Existing Structures 9,000+ Annual Customers 50,000+ Annual Projects <$10k+ Average Project Size 1. Based on LTM
Slide 5: Q4 2020 Highlights
• Gross revenues up 11% YoY, closing out 2020 with strong, resilient and predictable financial performance • Stronger YoY revenues in government - based work, while private sector work strengthened sequentially • Net revenue 1 increased 10% YoY, attributable to a higher level of self - performed wor
Slide 6: Service Line & End Market Performance
35% 33% 18% 14% 36% 15% 38% 6% 4% SERVICE LINE & END MARKET PERFORMANCE Non - discretionary and government - based work remained strong throughout 2020 NET REVENUE BY END MARKET 1,2 1. Net Revenue is not a financial measure determined in accordance with GAAP. For a definition of Net Revenue and a re
Slide 7: Backlog & Key Wins
BACKLOG 2017 $502M Q4 2020 $628M Building strong pipeline of work, providing favorable trajectory into 2021 BACKLOG & KEY WINS Record backlog fueled by key wins across Atlas service offerings and geographies 7 KEY WINS VALUE SERVICES California Department of Transportation Material Engineering & Tes
Slide 8: Strategic Growth Trajectory
2016 1 $228M 2017 $ 278M 1 2018 $426M 2019 $ 471M 1 2020 $468M 2021 Ongoing execution of organic and M&A growth strategy STRATEGIC GROWTH TRAJECTORY Proven execution of growth plan through organic and M&A means Revenue CAGR ~20% 2016 - 2020 Gross Revenue 2 1 2016 Includes ATC as the accounting prede
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Resilient business model delivered strong results (Dollars in Millions) 1. Adjusted EBITDA and Net Revenue are not financial measures determined in accordance with GAAP. For a definition of Adjusted E BIT DA and Net Revenue and a reconciliation to our most directly comparable fi
Slide 10: Recapitalized Balance Sheet in February 2021
10 RECAPITALIZED BALANCE SHEET IN FEBRUARY 2021 Executing on previously communicated capital structure optimization efforts x Achieves the Company’s near - term goal of simplifying and optimizing its capital structure , providing increased capital and liquidity for growth x Fully redeemed outstandin
Slide 11: Strengthening and Simplifying Capital Structure
Invest in Growth Acquisitions Purpose - built platform with strong accretive deal pipeline Maintain Capital Discipline Financial Flexibility Optimize Returns Prioritized actions to optimize capital structure and returns Value - enhancing initiatives Adj. Operating Cash Flow 1 LTM $41M 1 Adj. Operati
Slide 12: Full Year 2021 Outlook
FULL YEAR 2021 OUTLOOK Strong client base and resilient and scalable business model supports full year outlook • Outlook reflects current visibility on timing of work • Government - based work remains positive YoY with further sequential improvement in private sector work • Improving operating effic
Slide 13: Summary
Executing on pipeline of accretive and net leverage reducing acquisitions to further strengthen our resilient, purpose - built platform Strong underlying fundamentals with fully - funded backlog and business returned to growth Dependable government - based work moving forward and positioned for impr
Slide 14: Appendix
APPENDIX 14
Slide 15: Reconciliation Net Income to Adj. EBITDA
RECONCILIATION Net Income to Adj. EBITDA and LTM Q4 2020 15 2020 2019 2020 2019 Gross Revenue 125,714$ 113,014$ 468,217$ 471,047$ Reimburseable Expenses (24,261) (20,562) (86,811) (93,265) Revenue Net of Reimburseable Expenses 101,453$ 92,452$ 381,406$ 377,782$ 2020 2019 2020 2019 Net (loss) income
Atlas Technical Consultants — FY2020 Earnings Presentation on 6ix