North American Construction Group Ltd. · TSX:NOA
North American Construction — CIBC Western Institutional Investor Conference 2022
14 slides from North American Construction's conference presentation, Jan 19, 2022
Slide 1: Investor Presentation
INVESTOR PRESENTATION CIBC Western Institutional Investor Conference January 19, 2022 1
Slide 2: Forward-looking statements & Non-GAAP financial measures
Forward-looking statements & Non-GAAP financial measures This presentation contains forward-looking information which reflects the current plans and This presentation presents certain non-GAAP financial measures because management INVESTOR P R E S E N TA T I O N expectations of North American Constr
Slide 3: Company Overview
Company Overview INVESTOR P R E S E N TA T I O N Premier provider of mining and heavy construction services • Established reputation with over 65 years in business • Long-term contracts awarded based on safe cost-effective operations Mobile fleet of ~900 heavy equipment assets • Fully backed by supp
Slide 4: Mine Site Scopes – First In, Last Off
Mine Site Scopes – First In, Last Off Site Development (1 to 4 years) Production & Reclamation (5 to 50+ years) ▪ Initial site infrastructure, access roads, upgrades, ▪ Overburden removal, mine infrastructure development, pit development, etc. reclamation, tailing ponds remediation, equipment and IN
Slide 5: Steady State Production Resiliency
Steady State Production Resiliency • WTI pricing above US$30/bbl means full utilization of our fleets with minimal variability in demand • Illustrative sensitivity below highlights our experience in the Canadian oil sands region • INVESTOR P R E S E N TA T I O N Significant development costs are fol
Slide 6: Strong Indigenous Partnerships
Strong Indigenous Partnerships Consistent momentum in our ➔ INVESTOR P R E S E N TA T I O N Kitikmeot Corporation partnerships with Nuna Group of Majority partner of Nuna, Kitikmeot Corporation is a Companies, Mikisew North wholly-owned business of Kitikmeot Inuit Association American Limited Partne
Slide 7: Heavy Equipment Fleet
Heavy Equipment Fleet • ~900 mobile heavy equipment assets provide operational flexibility INVESTOR P R E S E N TA T I O N • Managed on an individual asset basis and deployed with sole objective of maximum operating utilization • ~280 assets operated within the Nuna Group of Companies • New replacem
Slide 8: Environmental Initiatives
Environmental Initiatives INVESTOR P R E S E N TA T I O N HYDROGEN PROJECT SOLAR ARRAY Hydrogen dual fuel project progressing, expecting Full rooftop solar panels installed with the maintenance feasibility study completion in 2022 Q1 with decision for facility expansion, now totaling +400,000 kWh an
Slide 9: Diversification Targets on Track
Diversification Targets on Track • INVESTOR P R E S E N TA T I O N Project awards and acquisitions have established a clear path to the diversification targets set for 2022 • 2022 targets include steady growth in equipment utilization in Canadian oil sands • Current backlog1 split evenly between oil
Slide 10: Fargo-Moorhead Project
Fargo-Moorhead Project ~$650M 6-year construction project INVESTOR P R E S E N TA T I O N NACG share of revenue plus a 29-year O&M contract • As the largest infrastructure project in NACG’s history, the success of this project is considered critical for our continued diversification strategy • Proje
Slide 11: Bid Pipeline
Bid Pipeline INVESTOR P R E S E N TA T I O N Size = $100m scope ESTIMATED PROJECT COMMENCEMENT TIMING 2022 2023 2024 onward Preferred opportunities & extensions Projects in the active tender phase Projects in the pre- tender phase Diversified resources & geography • Highly sought after & competitive
Slide 12: 2022 Priorities
2022 Priorities INVESTOR P R E S E N TA T I O N 1 2 3 Maintain pandemic Maximize operating Staff, plan, procure & protocols, uphold zero harm utilization of heavy mobilize for successful safety culture; achieve equipment fleet Fargo-Moorhead sustainability goals earthworks commencement 4 5 6 Capital
Slide 13: Outlook for 2022
Outlook for 2022 INVESTOR P R E S E N TA T I O N Current line of sight and assumption of Adjusted EBITDA1 $100m $215m - $245m $250m steady site access restrictions offer ability to provide outlook for 2022 Sustaining capital1 $100m $110m - $120m $250m • Adjusted EPS1 is built on EBITDA1 range, Adjus
Slide 14: Strong Track Record
$2.55 Strong Track Record $2.30 Adjusted earnings per share (EPS) • Consistent operational excellence has resulted in overall $2.05 steady predictable financial outcomes • Long-term contracts & multi-year projects allow for improved $1.80 INVESTOR P R E S E N TA T I O N visibility and certainty • De
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