Slide 1: Q2 F2024 Earnings Call
Q2 F2024 Earnings Call May 2, 2024
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We may use words such as “anticipate”, “may”, “will”, “should”, “expect”, “believe", "estimate", “5-year target” and similar expressions to ide
Slide 3: Operations Review – Darren Kirk, CEO
Darren Kirk Chief Executive Officer Operations Review
Slide 4: Operations Overview: Automotive Solutions Highlights
Q2 F2024 Operations Overview Key Highlights in the Quarter – Automotive Solutions • Overall industry vehicle production relatively flat in N.A (+1%) and Europe (-2%) vs prior year quarter • US SAAR holding relatively firm at 15.4MM units • US dealer inventory has been increasing but remain well belo
Slide 5: Operations Overview: Casting and Extrusion Highlights
Q2 F2024 Operations Overview Key Highlights in the Quarter – Casting and Extrusion • Segment revenue was up C$5.6M/ 8% year over year • Higher sales at Large Mould division a key driver • Extrusion demand rebounded from weaker conditions in previous sequential quarter • Segment EBITDA was C$12.1M co
Slide 6: Financial Review – Matthew Posno, CFO
Matthew Posno Chief Financial Officer Financial Review
Slide 7: Q2 F2024 Financial Overview
Q2 F2024 Financial Overview Consolidated Results Versus Prior Year Period • Revenue of $163.8M; up 5% compared to $155.5M last year • FX movements had limited impact on sales • EBITDA of $21.2M; up 19% from $17.8M last year • EBITDA up 9% from $19.4M last year excluding $1.6M cyber incident costs in
Slide 8: Financial Overview: Consolidated Results Versus Prior Year
Q2 F2024 Financial Overview Consolidated Results Versus Prior Year Period • Casting and Extrusion segment revenues up 8% and EBITDA up 23% (Margin improved to 16% from 14%) • Automotive Solutions segment revenues up 3% and EBITDA down 2% (Margin fell to 12% from 13%) • EPS of $0.21 versus $0.16, rec
Slide 9: Consolidated Revenue Reconciliation
Q2 F2024 Financial Overview Consolidated Revenue Reconciliation C$ Millions 156 3 6 164 Q2 F23 Automotive Solutions Casting & Extrusion Q2 F24 EXCO TECHNOLOGIES LIMITED | 9
Slide 10: Consolidated EBITDA Reconciliation
Q2 F2024 Financial Overview Consolidated EBITDA Reconciliation C$ Millions 1.4 21.2 (0.3) 2.3 17.8 Q2 F23 Automotive Solutions Casting & Extrusion Corporate Q2 F24 EXCO TECHNOLOGIES LIMITED | 10
Slide 11: Automotive Solutions Segment
Automotive Solutions Segment Segment EBITDA decrease due to higher Mexican labour cost and peso strength C$ Millions C$ Millions Revenue Segment EBITDA Margin Segment EBITDA 3.0% 15% (0.7%) 7 (2%) 80 . 10 60 10% 40 5 5% 20 0 0% 0 Q2 F23 Q2 F24 Q2 F23 Q2 F24 Q2 F23 Q2F24 EXCO TECHNOLOGIES LIMITED | 1
Slide 12: Casting & Extrusion Segment
Casting & Extrusion Segment Segment results increased mainly due to higher demand for die-cast moulds C$ Millions C$ Millions Revenue Segment EBITDA Margin Segment EBITDA 80 8% 20% 12 23% 14% 10 60 15% 8 40 10% 6 4 20 5% 2 0 0% 0 Q2 F23 Q2 F24 Q2 F23 Q2 F24 Q2 F23 Q2 F24 EXCO TECHNOLOGIES LIMITED |
Slide 13: Financial Leverage & Liquidity
Financial Leverage & Liquidity Balance Sheet net leverage of 1.2x as at March 31, 2024 Exco Net Debt • LTM EBITDA of C$81M Long Term Debt Bank Indebtedness/ Other • C$150M committed revolver matures Cash February 2027 16.7 6.3 • Balance sheet net debt of $94.6M C$ Millions • C$40M of Liquidity 105 •
Slide 14: Questions
Questions EXCO TECHNOLOGIES LIMITED | 14
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