Babcock & Wilcox Enterprises, Inc. · NYSE:BW

Babcock & Wilcox Enterprises — Credit Suisse Industrials Conference 2020

13 slides from Babcock & Wilcox Enterprises's conference presentation, Dec 3, 2020

  1. Slide 1: Credit Suisse Industrials Conference

    Credit Suisse Industrials Conference December 3, 2020 © 2020 Babcock & Wilcox Enterprises, Inc. All rights reserved. BABCOCK & WILCOX ENTERPRISES, INC. 1

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement B&W Enterprises cautions that this presentation contains forward-looking statements, including, without limitation, statements relating to adjusted EBITDA and sales targets, expectations regarding future growth, expansion and profitability, as well as statements about B&W’s fut

  3. Slide 3: Executive Summary

    Executive Summary Babcock & Wilcox has provided high-quality, innovative renewable, environmental and thermal technologies for critical power generation and industrial applications for more than 150 years. B&W is executing a robust growth strategy after: • Recovering from losses related to several e

  4. Slide 4: Next Generation B&W

    Next Generation B&W B&W FOUNDATION DRIVES GROWTH STRATEGY Advanced Technologies A Circular Economy For our economy and future generations, we continually develop ecologically sound ways of recycling valuable resources, like biomass and waste, to create clean, renewable energy. High-Growth End Market

  5. Slide 5: Company Profile

    Company Profile Babcock & Wilcox is a global leader in advanced environmental, renewable and thermal technologies and services for power and industrial applications. Corporate Snapshot Consolidated Headquarters: Akron OH, USA 20% Founded: 1867 Industrial Parts & Services Europe Asia & Other 41% 53%

  6. Slide 6: Consolidated Financial Summary & Pro-Forma LTM Adjusted EBITDA

    Consolidated Financial Summary & Pro-Forma LTM Adjusted EBITDA Twelve Months Ended Twelve Months Ended Twelve Months Ended ($ in Millions) September 30, 2020* December 31, 2019 ($ in Millions) September 30, 2020(3) Revenue $ 596.9 $ 859.1 Adjusted EBITDA as Reported $ 47.1 Adjusted Gross Profit $ 17

  7. Slide 7: Global Expansion

    Global footprint and ongoing expansion positions Global Expansion B&W to leverage market trends around the world 2021-2023 Addressable Market Europe More than $7B 2021-2023 Addressable Market 2021-2023 2021-2023 Americas Addressable Market Addressable Market More than $8B Middle East & Africa Asia-P

  8. Slide 8: 3-Year Pipeline

    3-Year Pipeline $866 Target 2023: >$1 billion sales $ MILLIONS $390 $462 $211 Americas APAC Europe ME/A $441 15-25% $318 $ MILLIONS $175 35-45% $16 Americas APAC Europe ME/A $1232 30-40% $ MILLIONS $564 $388 $23 Americas APAC Europe ME/A Total pipeline greater than $5B over the next 3 years excludin

  9. Slide 9: Appendix

    Appendix © 2020 Babcock & Wilcox Enterprises, Inc. All rights reserved. BABCOCK & WILCOX ENTERPRISES, INC. 9

  10. Slide 10: Ongoing Transformation

    Ongoing Transformation Key strategic actions have returned the company to positive performance Focus on Strengths and positioned it for growth ACTION ACHIEVED ONGOING  Focus on core products and services for November 2018 New Senior Management Team led by Kenny Young  environmental, renewable and

  11. Slide 11: Adjusted EBITDA Reconciliation

    Adjusted EBITDA Reconciliation Twelve months ended Twelve months ended December 31, 2019 September 30, 2020 $ in Millions Loss before income tax (benefit) expense $ (124.4) $ (10.4) Interest expense, net 94.0 76.7 Depreciation & amortization 23.6 16.8 Foreign exchange 16.6 (33.5) Advisory fees for s

  12. Slide 12: Gross Profit Reconciliation

    Gross Profit Reconciliation Twelve months ended Twelve months ended $ in Millions December 31, 2019 September 30, 2020 Adjusted gross profit Operating (loss) income $ (29.4) $ 6.1 Selling, general and administrative expenses 150.6 138.1 Advisory and settlement costs 27.9 15.2 Amortization expense 4.

  13. Slide 13: Capital Structure

    Capital Structure ($ in Millions) As of Sep 30, 2020 Debt: Revolving Credit Facility – Funded (1) 181.9 Last-Out Term Loans (2) 173.3 Total Debt $355.2 Unrestricted Cash 38.9 Net Debt $316.3 Revolver Leverage: Net Leverage 3.0x Funded revolver less unrestricted cash compared to Q3 2020 LTM EBITDA Pr

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