Atco Ltd. Class I · TSX:ACO.X
Atco Ltd. Class I — Investor Presentation (March 2025)
24 slides from Atco Ltd. Class I's investor presentation, Mar 25, 2025
Slide 1: Investor Presentation
Investor Presentation ATCO Ltd. March 25, 2025
Slide 2: Table of Contents
ATCO Investor Presentation Table of Legal Notice 3 Contents ATCO Group Overview Organizational Structure 5 6 Business Overview 7 Financial Overview 8 Credit Ratings 10 Community Engagement 11 ATCO Structures 13 Neltume Ports 21 Why invest 23 ATCO Ltd. Investor Presentation 2
Slide 3: Legal Notice
Legal Notice Forward-Looking Information Advisory Certain statements made by company representatives and information provided in this presentation may be considered forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate",
Slide 4: Legal Notice: Non-GAAP and Other Financial Measures
Legal Notice Non-GAAP and Other Financial Measures Disclosure Advisory This presentation contains various “total of segments measures” and “non-GAAP financial measures” (as such terms are defined in National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure ("NI 52-112")). NI 52-1
Slide 5: Essential services to communities
ATCO Group Overview Essential services to More resilient to demand fluctuations communities Underpinned by growth in the regions we operate Performing for communities Renewable energy generation Space rentals Electric transmission Gas transmission & distribution & distribution Natural gas storage Po
Slide 6: Organizational Structure
Organizational Structure 100% 40% 100% 52.5% 1 Structures & Logistics Neltume Ports Corporate2 Business Unit Land and Structures Development Frontec Retail3 1. Canadian Utilities Limited ownership as of December 31, 2024. 2. ATCO Corporate & Other also includes the global corporate head office in Ca
Slide 7: Foundational stability of the regulated utility underpins our growth
Business Overview Financial Highlights Foundational stability ATCO Australia1 ATCO Corporate & Other1 of the regulated utility Structures & Logistics1 $25 $13 Neltume Ports underpins our growth $104 $24 assets Portfolio Balances Yield and Long-Term ATCO EnPower1 Growth $23 $481M 1,2 Full Year Ended
Slide 8: FY 2024 adjusted earnings waterfall
Financial Overview FY 2024 adjusted earnings1 waterfall $8 $14 $2 $25 $481 +11% Year-over-Year $432 Growth FY Canadian Structures & Neltume ATCO Corporate FY 2023 1 Utilities 2 Logistics 2 Ports & Other 2 2024 1 Note: Millions of Canadian dollars. 1. Total of segments measure (as defined in NI 52-11
Slide 9: Strong cash flows support capital program
Financial Overview Strong cash flows support capital program Cash flows from operating activities1 Capital expenditures2 $280 $226 $209 $185 FY 2023 FY 2024 FY 2023 FY 2024 Portfolio of cash flow generating assets support our strategic investments that underpin long-term growth Note: Millions of Can
Slide 10: Strong issuer credit ratings
Credit Ratings Strong issuer credit ratings A (low) BBB+ A A- A (high) A- Notes: As of December 31, 2024. ATCO Ltd. Investor Presentation 10 S&P Global Ratings has assigned ATCO Gas Australia Pty Ltd. a ‘BBB+’ issuer and senior unsecured debt credit rating with a positive outlook.
Slide 11: A long history of collaborating with Indigenous communities
Community Engagement A long history of collaborating with Indigenous communities 37+ YEARS 1987: established relationship with Denendeh Investments $ 564M in economic benefits to First Nations since 20191 67 MOUs and Agreements completed with First Nations1 1. As of December 31, 2024. ATCO Ltd. Inve
Slide 12: There's more to a share of ATCO
Community Engagement There’s more to a share of ATCO Long-term owners with deep relationships in the communities we operate. We are: Reliable Values driven Authentic Influential ATCO Ltd. Investor Presentation 12
Slide 13: Structures
Structures ATCO Ltd. Investor Presentation 13
Slide 14: Key business statistics
ATCO Structures Key business statistics Well-established, large asset base $241M (For the twelve months ended December 31) Global Space Rentals 2024 2023 Change Adjusted +27k Number of units 25,018 24,074 4% EBITDA1,2 Average utilization (%) 74 75 (1%) Units1 Average rental rate ($ per month) 786 72
Slide 15: Global Footprint
ATCO Structures Global Footprint 44 Branch locations AUSTRALIA 12 Manufacturing Locations Calgary (2x), AB 5 Countries Canada Australia Lethbridge, AB United States SOUTH Grimsby, ON Mexico AMERICA Cambridge, ON Chile NORTH AMERICA Kamloops, BC Diboll, TX Adelaide, Aus Perth, Aus Brisbane, Aus Guada
Slide 16: Proven execution in the space rentals market
ATCO Structures Proven execution in the space rentals market Consistent leasing activity results in a steady revenue profile High margin and generates strong cash flow Strong demand for used product reinforces terminal value Reliable recurring cash flow enables continued growth of base business ATCO
Slide 17: Workforce Housing: Proven operators with scale
ATCO Structures Workforce Housing: Proven operators with scale Meaningful financial impact as projects are generally larger scale Major projects enable growth of sustainable base business Experience operating projects across a diverse range of end markets and geographies Track record of winning and
Slide 18: Growth strategy in action
ATCO Structures Growth strategy in action Space Rentals Modular Housing Grow existing base Rapid deployment Expand rental fleet Superior quality and consistency Geographic expansion Improved safety Focused on Australia, Longer warranties Canada & United States Higher energy efficiency Scaled footpri
Slide 19: Housing Crisis? It's a Supply Side Crisis
ATCO Structures Housing Crisis? It’s a Supply Side Crisis 4.2M housing units in Canada needed by 20351 Additional population per 3.9x housing unit built the prior year2 3x 2x 1x 1973 1998 2024 1. Oxford Economics, 2024. 2. Statistics Canada, 2024. ATCO Ltd. Investor Presentation 19
Slide 20: Triple M Housing
ATCO Structures Triple M Housing Superior Rapid Higher Improved Longer Quality & Deployment Energy Safety Warranties Consistency Efficiency Smarter building to efficiently address the bottleneck in the market ATCO Ltd. Investor Presentation 20
Slide 21: Neltume Ports
Neltume Ports ATCO Ltd. Investor Presentation 21
Slide 22: Key summary statistics
Neltume Ports Key summary statistics Diversified across goods & commodities handled FY 2024 Throughput Break Bulk 25% Bulk 32% 45M Tonnes Handled Container 43% Growth Drivers 5 Port operation 18 ❖ Improving operational ❖ Increasing volumes and Port facilities efficiency ownership at existing ports s
Slide 23: Why Invest
Why Invest Why Invest Diversified portfolio of investments creates stability Strong credit ratings and access to capital Track record of increasing dividends on common shares for 32 years Controlling ownership of Canadian Utilities generates stable earnings for the portfolio, even through periods of
Slide 24: Always there. Anywhere.
Always there. Anywhere. InvestorRelations@atco.com ATCO Ltd. Investor Presentation 24