Dexterra Group, Inc. · TSX:DXT
Dexterra — Q2 2024 Earnings Presentation
17 slides from Dexterra's earnings presentation, Aug 7, 2024
Slide 1: Q2 2024 Results Analyst & Investor Call
Q2 2024 Results Analyst & Investor Call August 7, 2024
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” or “Dexterra Group”) or of any of its business units co
Slide 3: Bill McFarland, Board of Directors Chair
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, Chief Executive Officer
Mark Becker Chief Executive Officer 4
Slide 5: Progress on the 2024 Business Plan
Progress on the 2024 Business Plan Revenue Trend Q2 Continuing Operations Highlights ◦ Strong results and execution ◦ Continued Support services growth ◦ Robust WAFES activity ◦ Improving FM margins Adjusted EBITDA Trend ◦ Strong balance sheet 5
Slide 6: Integrated Facilities Management
Integrated Facilities Management A growing Support Services business with an expanding footprint. IFM Revenue & Adjusted EBITDA Trend ◦ 31% revenue growth over prior year ◦ Strong IFM sales pipeline ◦ Improving Adjusted EBITDA margins at 5.8% ◦ Inflation and labour cost management ◦ 6%+ margins expe
Slide 7: Workforce Accommodations, Forestry, Energy Services
Workforce Accommodations, Forestry, Energy Services A diversified Support Services and Asset Based Business with a strong client base. Revenue & Adjusted EBITDA Trend WAFES ◦ Robust natural resource and infrastructure market activity ◦ Continued strong margins of over 15% ◦ High camp occupancy and >
Slide 8: Denise Achonu, Chief Financial Officer
Denise Achonu Chief Financial Officer 8
Slide 9: Financial Position
Financial Position ◦ Improved Free Cash Flow generation YTD ◦ Completed NCIB program in Q2 ◦ Strong balance sheet ◦ 50% annualized Adjusted EBITDA conversion ◦ Post modular proceeds expect debt EBITDA to be about 1.0X 9
Slide 10: Mark Becker, Chief Executive Officer
Mark Becker Chief Executive Officer 10
Slide 11: Our Priorities for 2024
Our Priorities for 2024 ◦ Continued execution, profitability, and predictable results IFM 50%-60% ◦ Close on Modular sale in August ◦ Organic growth in higher margin IFM services ◦ Streamlining the business and external reporting ◦ Niche and accretive IFM acquisitions ◦ Robust shareholder returns 11
Slide 12: Question & Answer Period
Question & Answer Period Questions (?) ee
Slide 13: APPENDIX I - Supporting Charts
APPENDIX I - Supporting Charts 13
Slide 14: Revenue Reconciliation Q2 2023 vs Q2 2024
Appendix I Revenue Reconciliation Q2 2023 vs Q2 2024 14
Slide 15: Adjusted EBITDA Q2 2023 vs Q2 2024
Appendix I Adjusted EBITDA Q2 2023 vs Q2 2024 15
Slide 16: Revenue Reconciliation Q1 2024 vs Q2 2024
Appendix I Revenue Reconciliation Q1 2024 vs Q2 2024 16
Slide 17: Adjusted EBITDA Q1 2024 vs Q2 2024
Appendix I Adjusted EBITDA Q1 2024 vs Q2 2024 17