Dexterra Group, Inc. · TSX:DXT
Dexterra — Q2 2023 Earnings Presentation
12 slides from Dexterra's earnings presentation, Aug 9, 2023
Slide 1: Q2 2023 Results
Q2 2023 Results Analyst & Investor Call August 9, 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
Bill speaking script: Thanks to everyone for joining and I am pleased to report: • Record EBITDA in Q2 with stronger results in all business units • Management's focus on profitability and execution continues to make a difference and set Dexterra up for future success • On an annualized basis we are
Slide 4: Mark Becker
Mark Becker Chief Executive Officer 4
Slide 5: Q2 Progress on the 2023 Business Plan
Q2 Progress on the 2023 Business Plan Revenue: Focus on execution and profitability driving revenue growth and margin expansion Effective inflation management IFM ◦ Margin improvement ◦ Organic growth WAFES Adjusted EBITDA: ◦ Capitalizing on robust market activity ◦ Continued market share capture ◦
Slide 6: Integrated Facilities Management
Integrated Facilities Management A growing Support Services business with an expanding footprint and diversified client base Trend ◦ Revenue Growth: – 17% over Q2-2022 – Seasonal dip from Q1-2023 from education and leisure – Exiting contracts of ~$10-15M ◦ Continued focus on improving margins and in
Slide 7: Workforce Accommodations, Forestry, Energy Services
Workforce Accommodations, Forestry, Energy Services A strong business with a natural resource foundation Trend ◦ Revenue Growth – 16% over Q2-2022 – 6% over Q1-2023 ◦ Capitalizing on healthy natural resources sector and strong brand ◦ Significant wildfire support activity ◦ Strong sales momentum and
Slide 8: Modular Solutions
Modular Solutions A developing manufacturing & services business Trend ◦ Revenue Growth: – 8% over Q2-2022 – 2% over Q1-2023 ◦ Strong execution of business improvement plan progressing ◦ Backlog of fixed-price BCH affordable housing projects to be completed by year end (Q2- $11 million) ◦ Social aff
Slide 9: Drew Knight
Drew Knight Chief Financial Officer 9
Slide 10: Financial Position & Economic Outlook
Financial Position & Economic Outlook ◦ Strong financial position and liquidity ◦ Extended new debt facility with greater capacity limits ◦ Leverage ratio slightly above 1x forward EBITDA by year end ◦ $1.1M in shares repurchased during Q2 under Normal Course Issuer Bid (NCIB) ◦ Adjusted Free Cash F
Slide 11: Path Forward
Path Forward Overall: IFM ◦ 2023 continued focus on execution and profitability 50%-60% ◦ Effective inflation management ◦ Reduce debt levels excluding M&A ◦ Remain opportunistic on share repurchases Integrated Facilities Management: ◦ Margin improvement ◦ Profitable organic growth ◦ M&A WAFES: ◦ Ca
Slide 12: Question & Answer Period
Question & Answer Period Questions (?) [