Wajax Corporation · TSX:WJX
Wajax — Q4 2024 Earnings Presentation
17 slides from Wajax's earnings presentation, Mar 4, 2025
Slide 1: Wajax Corporation Financial Results Q4 2024
WAJAX CORPORATION FINANCIAL RESULTS Q4 2024 March 4, 2025 1 Together We Get More Done.
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation contains certain forward-looking statements and forward-looking information, as defined in applicable securities laws (collectively, “forward-looking statements”). These forward-looking statements relate to future events or
Slide 3: Non-GAAP and Other Financial Measures
NON-GAAP AND OTHER FINANCIAL MEASURES This presentation contains certain non-GAAP and other financial measures that do not have a standardized meaning prescribed by generally accepted accounting principles ("GAAP"). Therefore, these financial measures may not be comparable to similar measures presen
Slide 4: Wajax At-A-Glance
WAJAX AT-A-GLANCE NATIONAL FOOTPRINT 167-year operating history 114 branches coast-to-coast A broad range of industrial products and services Diverse market and sector experience REVENUE SOURCES Q4 2024 REVENUE SOURCES FY 2024 ($ millions) ($ millions) Industrial Parts Industrial Parts and Engineere
Slide 5: Purpose and Values
PURPOSE AND VALUES Empowering People to Build a Better Tomorrow We commit to safety and well-being; We develop potential and expertise; We deliver an exceptional experience together; We build lasting relationships; and We strive to continuously improve. Together We Get More Done. 5 Wajax Financial R
Slide 6: Strategic Priorities
STRATEGIC PRIORITIES Continue to build a people-first company. Grow our existing business with a focus on parts, service, and margin improvement. Unlock the potential of our enhanced direct relationship with Hitachi. Acquire and integrate Industrial Parts and ERS businesses. Improve our cost structu
Slide 7: Highlights – Fourth Quarter
HIGHLIGHTS – FOURTH QUARTER Higher revenues and lower selling and administrative expenses were offset by lower gross profit margins and restructuring and other related costs 4.3% -420 bps -26% -58% -7% REVENUE GROSS ADJUSTED ADJUSTED YTD TRIF3 $565.9 PROFIT EBITDA1 BASIC EPS1 million MARGIN1 $35.1 $
Slide 8: Revenue by Region
REVENUE BY REGION Fourth quarter growth in western Canada mining equipment sales was partially offset by declines in central and eastern Canada Q4 2024 ($ millions) FY 2024 ($ millions) (5)% (3)% (5)% (2)% 17% (3)% Note: Totals may not add due to rounding. Together We Get More Done. 8 Wajax Financia
Slide 9: Heavy Equipment and Product Support Revenue
HEAVY EQUIPMENT AND PRODUCT SUPPORT REVENUE Equipment YoY Change (21.6)% (25.8)% (5.2)% 4.5% 31.5% • Increase from Q3 2024 was due primarily to higher mining sales in western Canada driven largely by the delivery of a large mining shovel in Q4 2024 with no such delivery in Q3 2024 and higher materia
Slide 10: Industrial Parts and ERS Revenue
INDUSTRIAL PARTS AND ERS REVENUE Industrial Parts YoY Change (1.4)% 1.0% (5.0)% (15.3)% (1.7)% • Decrease from Q3 2024 was due primarily to lower sales in eastern Canada offset partially by higher sales in central Canada. ERS YoY Change 42.8% (0.9)% (4.4)% 1.9% (23.7)% • Decrease from Q4 2023 was du
Slide 11: Revenue by Category
REVENUE BY CATEGORY Strong mining and material handling revenue offset lower industrial parts and ERS sales in the fourth quarter FY* CATEGORY4 Q4 2024 Q4 2023 CHANGE FY 2024 FY 2023 CHANGE W C E HEAVY EQUIPMENT $ 353.4 $ 303.0 $ 50.4 $ 1,199.1 $ 1,195.3 $ 3.8 ↓ — ↑ Construction and Forestry 126.9 1
Slide 12: Backlog and Inventory
Backlog 2 1 BACKLOG1 1. Backlog decreased by $23.7 million (-4.0%) from Q3 2024 to $564.4 million 2. Backlog increased by $10.5 million (1.9%) compared to Q4 2023 Inventory 2 1 INVENTORY 1. Total inventory of $673.1 million decreased $48.4 million compared to Q3 2024 2. Total inventory increased $38
Slide 13: Cash Flow, Leverage and Balance Sheet
CASH FLOW, LEVERAGE1 AND BALANCE SHEET Cash Flow from Operating Activities Working Capital Efficiency1 Leverage1 Total committed credit facilities 2.78x 2.61x 2.20x 2.17x 1.98x Working capital efficiency has improved from Q3 2024 due to lower trailing four quarter average working capital and higher
Slide 14: Outlook
OUTLOOK • Looking ahead to the first half of 2025, Wajax continues to see strong customer demand in the mining and energy sectors, with the former supported by strong backlog1 • Headwinds are expected, with broader market conditions remaining soft and uncertainty surrounding potential tariffs and co
Slide 15: Appendix
APPENDIX 1 Together We Get More Done.
Slide 16: Endnotes
ENDNOTES 1. This measure does not have a standardized meaning prescribed by GAAP. Please see Wajax’s Management’s Discussion and Analysis for the three and twelve months ended December 31, 2024 under the heading “Non-GAAP and Other Financial Measures”, which is available on SEDAR+ at www.sedarplus.c
Slide 17: wajax.com
wajax.com Together We Get More Done.