Mcgrath Rentcorp · NASDAQ:MGRC
Mcgrath Rentcorp — CJS Securities "New Ideas for the New Year" Virtual Conference 2025
18 slides from Mcgrath Rentcorp's conference presentation, Jan 14, 2025
Slide 1: CJS Securities "New Ideas for the New Year" Virtual Conference
JANUARY 14, 2025 CJS Securities “New Ideas for the New Year” Virtual Conference
Slide 2: Presenting today
Presenting today Joe Hanna Keith Pratt President, Executive Vice President, Chief Executive Officer Chief Financial Officer
Slide 3: Safe Harbor
Safe Harbor Statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, regarding McGrath’s (the “Company’s”) expectations, strategies, prospects or tar
Slide 4: Uniquely McGrath
Uniquely McGrath B2B Rentals Modulars, Storage & Dividend Investor Focus Electronics Champion Shareholder 33 Years of Return CAGR 17%(c) Consecutive Increases Revenue North America $832M Focus Adjusted 99% of EBITDA $322M(a) (b) Total Revenues Diverse Customer Base Strong Service ~22,000 Customers C
Slide 5: McGrath Business Mix Q3 2024
McGrath Business Mix Q3 2024 Total Revenues $267M Total Adjusted EBITDA (2) $104M 13% 18% 9% 10% 78% 72% (1) (1) Mobile Modular Portable Storage TRS-RenTelco Mobile Modular Portable Storage TRS-RenTelco (1) Mobile Modular includes Enviroplex (2) Adjusted EBITDA defined on page 12 PAGE 5
Slide 6: Mobile Modular
Mobile Modular QUARTERLY REVENUES (Q3-24) $191M RENTAL EQUIPMENT (AT 9/30/24 OAC (1)) POSITIONING: A leading modular provider in North America $1,398M PRODUCTS: RENTAL FLEET (units) Office buildings and complexes, classrooms COVERAGE: Mobile Modular: servicing 35 states ~ 43,000 (1) Original Acquisi
Slide 7: Portable Storage
Portable Storage QUARTERLY REVENUES (Q3-24) $23M RENTAL EQUIPMENT (AT 9/30/24 OAC (1)) POSITIONING: A leading portable storage provider in North America $242M PRODUCTS: RENTAL FLEET (units) Portable storage containers, portable office, office and storage combos COVERAGE: Portable Storage: servicing
Slide 8: Modular Buildings and Storage Containers Growth Opportunities
Modular Buildings and Storage Containers Growth Opportunities Large and growing market Industry - Leading position in education rentals Geographic expansion opportunities for Modulars and Portable Storage, through organic investment and strategic acquisitions Positive fleet pricing dynamics as contr
Slide 9: TRS-RenTelco
TRS-RenTelco QUARTERLY REVENUES (Q3-24) $35M RENTAL EQUIPMENT (AT 9/30/24 OAC (1)) POSITIONING: $357M A leading provider in North America PRODUCTS: RENTAL FLEET (units) 23,000 General purpose and communications test equipment ~ COVERAGE: Serving customers in North America and selectively overseas (1
Slide 10: TRS-RenTelco Growth Opportunities
TRS-RenTelco Growth Opportunities A market leader in North America in general purpose and communications equipment rentals Highly diversified end markets and customer base with positive long term demand trends Positive long term demand outlook for technology-related end markets driven by new technol
Slide 11: Financial Highlights
Financial Highlights PAGE 11
Slide 12: Operating Results
Operating Results (dollars in millions) Nine months ended September 30 Three months ended September 30 2024 2023 Change 2024 2023 Change Rental Revenue 365.7 350.8 4% 124.2 122.7 1% Rental Related Services 111.6 101.5 10% 47.7 40.5 18% Sales 182.0 148.6 22% 92.5 77.1 20% Other 7.9 9.4 -17% 2.3 3.2 -
Slide 13: Adjusted EBITDA
Adjusted EBITDA (a) Quarterly Comparison (2023 – 2024) Mobile Modular(a) Portable Storage TRS-RenTelco +23% $80 71.4 $80 $80 58.2 $60 53.4 $60 $60 -10% 43.3 44.5 -10% $40 32.4 $40 $40 20.6 18.5 21.5 21.0 18.9 $20 $20 10.0 11.5 12.3 11.0 12.0 10.8 $20 18.0 $0 $0 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 14: Mobile Modular Pricing Highlights
Mobile Modular Pricing Highlights (a)(b) Total fleet units on rent New Shipments Monthly revenue per unit Last Twelve Months Monthly revenue per unit $1,400 +16% $1,400 $1,200 $1,191 $1,200 +18% $1,027 $1,000 $1,000 $820 $800 $695 $800 $600 $600 $400 $400 $200 $200 $0 $0 Q3-23 Q3-24 LTM Q3-23 LTM Q3
Slide 15: Mobile Modular Initiatives
Mobile Modular Initiatives Mobile Modular Plus(a)(c) Site Related Services(b)(c) $30 $30 $25 $25 22.6 21.8 20.0 $20 18.3 $20 $15 13.7 $15 11.0 $10 $10 $5 $5 $0 $0 2022 2023 2024 2022 2023 2024 YTD September Rental Related Services Revenue YTD September Rental Revenue (dollars in millions) (a) Mobile
Slide 16: Mobile Modular Sales
Mobile Modular Sales (a)(b) Total Sales Revenues New Sales Revenue $200 $200 $150 $150 127 113 23% $100 25% $100 98 85 $50 $50 75% 77% $0 $0 YTD September 2023 YTD September 2024 YTD September 2023 YTD September 2024 New Sales Used Sales (dollars in millions) (a) Sales revenues exclude Enviroplex (b
Slide 17: Investment Summary
Investment Summary McGrath (Nasdaq: MGRC) Established rental businesses with solid positions Strategic growth focus on Mobile Modular and Portable Storage Disciplined capital spending on new rental equipment and acquisitions Strong cash flow and resilient business model Dividend increases for 33 con
Slide 18: CJS Securities Virtual Conference Q&A
JANUARY 14, 2025 CJS Securities “New Ideas for the New Year” Virtual Conference Q&A
McGrath RentCorp — CJS Securities "New Ideas for the New Year" Virtual Conference 2025 on 6ix