Slide 1: Earnings Release Presentation Q3 2024
Earnings Release Presentation Q3 2024
Slide 2: Forward Looking Information
Forward Looking Information Q3 2024 This presentation contains forward-looking information within the Additional information on the risks and uncertainties on the meaning of applicable securities laws. Words such as "may", "will", Company’s business can be found in the Company’s current Annual "shou
Slide 3: Highlights
Maintaining disciplined capital allocation approach with Highlights Q3 2024 “all of the above” strategy • Q3 Total Consolidated • Total Consolidated Q3 Adjusted EBITDA of $36.7M Adjusted EPS of $0.23 Normal Course Net-Debt-to- Adjusted EBITDA <2x Organic Investment • Entered into a definitive • All
Slide 4: AmerCable Transaction Summary
AmerCable Transaction Summary Transaction ▪ Mattr to acquire AmerCable for US$280 million Overview ▪ Represents a multiple of approximately 5.0x TTM Adjusted EBITDA (June 30, 2024) ▪ AmerCable has a track record of generating Adjusted EBITDA margins at or above 20% Financial ▪ Adds >C$75 million of
Slide 5: Composite Technologies
Composite Technologies Q3 2024 • Q3-24 revenue of $136 million, a 3% decrease vs. Q3-23 • Flexpipe international revenue lower vs. prior year on project timing • Flexpipe North American revenue higher on large diameter market capture vs prior year, despite NAM drilling rig count decline of 6% & well
Slide 6: Connection Technologies
Connection Technologies Q3 2024 • Revenue of $90 million, a 10% increase vs. Q3-23 and a new third quarter record • Macro trends favorable for industrial and infrastructure, while automotive sector facing transient slowing • In North America, strong deliveries of Shawflex stock industrial products w
Slide 7: Discontinued Operations (Thermotite)
Discontinued Operations (Thermotite) Q3 2024 During the third quarter of 2024, the Company entered into a definitive agreement to sell Thermotite. The sale is expected to close by mid-2025. Until close, Revenue and Adjusted EBITDA from Brazilian pipe coating operations will be reported under Discont
Slide 8: Financial Results
Financial Results Q3 2024 Composite Technologies $ In millions Q3 2024 Q3 2023 Change Continuing Operations Revenue $226M and Adj. EBITDA $29.3M Revenue 136.4 140.1 2.7% Discontinued Operations Revenue $24M and Adj. EBITDA $7.5M Adj. EBITDA 20.3 32.4 37.5% Current Quarter vs Prior-year Quarter Highl
Slide 9: Cashflow and Debt
Consolidated Cash & Debt Cashflow and Debt Q3 2024 $500 437 421 410 Net Debt $400 291 307 281 $300 266 246 222 207 -67% $200 163 152 146 119 87 79 $100 8 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 -$100 2020 2021 2022 2023 2024 -$200 -102 -82 • Net Debt to Adjusted EBITDA ratio at 0
Slide 10: Proven Record of Capital Deployment
Proven Record of Capital Deployment Generated ~$500M from Portfolio Rationalization Activities Normal Course Net-debt-to Organic Adjusted EBITDA <2x Investment Deploying Nearly $1B of Capital Moving above normal course 2x Substantial committed Capital Allocation since the beginning of 20211 with acq
Slide 11: CAPEX
CAPEX Q3 2024 CAPEX ($CAD MM) Capital spend (including outstanding $160 $148 payments to suppliers) of $26 million $10 $140 in Q3, which was all directed to growth capital – mostly MEO $120 $90-$100 projects $100 $80 $80 Total 2024 capex expectation $139 $3 $54 remains at $90 – $100M, of which $60 $
Slide 12: Outlook
Outlook 2024 Macro & Strategic Operational • Continuing expansion of global • Lower revenue expected in Q4-2024 due to seasonal investment in electrification, slowing, exacerbated by lower activity levels in NAM communications, transportation, energy onshore oil and gas and automotive end markets. a
Slide 13: A Global Materials Technology Company Positioned for Growth
A Global Materials Technology Abundant growth Company Positioned for Growth opportunities and established customer base comprised of investment grade counterparts High-quality customers with low concentration in all segments Portfolio simplified to prioritize infrastructure and Global material techn
Slide 14: Thank you.
@ = Thank you. Infrastructure Technologies