Dexterra Group, Inc. · TSX:DXT
Dexterra — Q1 2021 Earnings Presentation
14 slides from Dexterra's earnings presentation, May 12, 2021
Slide 1: Q1 2021 Results Analyst & Investor Call
Q1 2021 Results Analyst & Investor Call May 12, 2021
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 unites contained in th
Slide 3: Bill McFarland, Board of Directors Chair
Bill McFarland Board of Directors Chair 3
Slide 4: John MacCuish, Chief Executive Officer
John MacCuish Chief Executive Officer, President of Facilities Management 4
Slide 5: Good results in a challenging business environment
Good results in a challenging business environment Q1 Results • Solid performance for the quarter, despite continued impact of the pandemic on operations: o Temporary facility closures in BC. o IFM airports & retail slow. o Modular pipeline building with social housing projects. • Committed to keepi
Slide 6: Integrated Facilities Management
Integrated Facilities Management A Support Services business with a national presence and diversified client base. Q1 Business Unit Results • Stronger sustainable margins due to better project management & operational improvements. • Building scale is a priority: o Robust quoting activity - 2021 bid
Slide 7: Workforce Accommodations, Forestry, Energy Services
Workforce Accommodations, Forestry, Energy Services A diversified Support Services business providing a reliable foundation of revenue and profitability • Strong performance in Eastern Canada offsets temporary closures in BC and slow drilling activity in Q1. Q1 Business Unit Results • Margin improve
Slide 8: Modular Solutions
Modular Solutions A national manufacturing & services business well positioned for growth with established presence in key end-markets. • Cambridge plant is on time & under budget - operational by the end of Q2 2021. Q1 Business Unit Results • Social housing volume in BC strong in Q1 and throughout
Slide 9: Drew Knight, Chief Financial Officer
Drew Knight Chief Financial Officer 9
Slide 10: Revenue Reconciliation vs Q4 2020
Revenue Reconciliation vs Q4 2020 Temporary Q1 2021 decline in revenue • IFM Stable. • WAFES decline smaller than expected. Management renewed all significant contracts up for rebid and have won new contracts. • Modular Solutions impacted by timing of approvals for new work, revenue increasing signi
Slide 11: Adjusted EBITDA Reconciliation vs Q4 2020
Adjusted EBITDA Reconciliation vs Q4 2020 Adjusted EBITDA increased by $0.3 million from Q4 2020. • Foundation stronger for future • CEWS was $4.9 million • FM improved margins to 9% from 7% in Q4. Strong national footprint to build upon. • WAFES services grew in Eastern Canada to offset the challen
Slide 12: Financial Leverage & Liquidity
Financial Leverage & Liquidity • Financial Position and liquidity are strong and provide flexibility for future growth. • Debt is $79 million. • Free cash flow of $12.4 million generated in Q1 2021. • Tax plans in place will save cash taxes of $5 million/year; Q1 recognized deferred tax asset benefi
Slide 13: Path Forward: 2021 and Beyond
Path Forward: 2021 and Beyond • Facilities Management: ◦ Strong organic growth prospects despite delayed RFP award announcements. ◦ Upside in H2 2021 for airports & retail. ◦ Looking at M&A opportunities. Our Ongoing Focus • WAFES: • National Support Services Champion ◦ Stronger WAFES results in Q2
Slide 14: Question & Answer Period
Question & Answer Period Questions (?) a