Badger Infrastructure Solutions Ltd · TSX:BDGI
Badger Infrastructure Solutions — Shareholder Meeting (May 2024)
12 slides from Badger Infrastructure Solutions's shareholder meeting presentation, May 2, 2024
Slide 1: 2024 Annual Meeting of Shareholders
2024 ANNUAL MEETING OF SHAREHOLDERS
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Certain statements and information contained in this presentation and other continuous disclosure The forward-looking information and statements made in this presentation rely on certain expected documents of the Company referenced herein, i
Slide 3: Agenda
AGENDA 1. Badger Overview & Investment Highlights 2. Financial Recap 3. Macroeconomic Tailwinds 4. Diversified Customer Base 5. Competitive Moat 6. Commercial Strategy 7. Capital Efficiency & Balance Sheet Management 8. Q&A 3
Slide 4: Compelling Investment Proposition
COMPELLING INVESTMENT PROPOSITION 32+ 1,525+ 21,500+ Solid underlying demand and growth in our customer YEARS UNITS CUSTOMERS base. OF INNOVATION AND EXPERIENCE LARGEST HYDROVAC FLEET IN DIVERSE CUSTOMER BASE ACROSS IN MANUFACTURING AND SERVICE NORTH AMERICA NORTH AMERICA Market leader with sign
Slide 5: 2023 Financial Recap
2023 FINANCIAL RECAP FY 2023 HIGHLIGHTS Significant year-over-year revenue, Adjusted EBITDA* and EPS growth. $683.8M 20% RECORD REVENUE YOY GROWTH Operating leverage from scalability of $150.3M 51% RECORD ADJ. EBITDA* YOY GROWTH operations and support functions. $1.21 128% EARNINGS PER SHARE YOY GRO
Slide 6: Diversified Customer Base
DIVERSIFIED CUSTOMER BASE Industrial 9% Diverse market and customer Transportation base; well-positioned to drive 14% growth across markets and Other Construction industry verticals. 49% 2015 Oil & Gas 51% 2023 47% Upstream oil and gas revenues Utilities represent less than 5% of Company 30% tot
Slide 7: Strong Demand Tailwinds
STRONG DEMAND TAILWINDS These tailwinds, coupled with the under-penetration of non-destructive excavation, creates significant growth opportunities for Badger. Federal Spending Creating Behavioral & Legal Trends Tailwinds For Industry Support Rising Adoption 2021 U.S. INFRASTRUCTURE BILL • $400+ bil
Slide 8: Badger's Competitive Moat
BADGER’S COMPETITIVE MOAT Badger leads in four and differentiates in four of the core elements that determine market position. Leads Differentiates Ba dger is be st posit ione d t o Only operator to match any large ca pt ure ma rke t opport unit ie s Safety. client’s footprint. a cross Nort h Am
Slide 9: Professional Sales Strategy
PROFESSIONAL SALES STRATEGY NATIONAL ACCOUNTS LOCAL ACCOUNTS Continue positive momentum across markets and verticals; open new accounts. Refine sales territories using macroeconomic National Account Regional/Market Sales data. Managers Outside Sales Reps Alignment of strategies between National Ente
Slide 10: Capital Efficiency Driving Higher ROIC
CAPITAL EFFICIENCY DRIVING HIGHER ROIC Targeting stable 7-9% growth in Hydrovac fleet to support higher ROIC. Unit Build Profile (# units) Adjusted EBITDA ROIC* Current Annual Manufacturing Capacity of 350+ Truck Production Targeting stable 19% Key Return Drivers 217 190-220 build profile 14% 32 115
Slide 11: Strong Balance Sheet Management
STRONG BALANCE SHEET MANAGEMENT Ample financial capacity and flexibility to fund organic growth strategy. ~$300 million in 5-Year Committed Credit Facilities Ample Financial Covenant Capacity Available Capacity Credit Facilities Available Capacity Credit Facilities Draws on Credit Facilities Draws o
Slide 12: 2024 Annual Meeting of Shareholders Q&A
2024 ANNUAL MEETING OF SHAREHOLDERS Q&A
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