Custom Truck One Source, Inc. · NYSE:CTOS

Custom Truck One Source — Q1 2021 Earnings Presentation

6 slides from Custom Truck One Source's earnings presentation, Jul 29, 2021

  1. Slide 1: Custom Truck One Source Investor Presentation: Q1 2021 Financial Summary

    1 Custom Truck One Source Investor Presentation Q1 2021 Financial Summary July 2021 CONFIDENTIAL DRAFT

  2. Slide 2: Custom Truck One Source, L.P. Q1 Highlights

    2 Custom Truck One Source, L.P. Q1 Highlights Key Highlights • Revenue grew 16.5% or $45 million compared to prior year • New and Used combined revenue grew $49 million or 25% vs prior year, offset by a decline in rental revenue due to a smaller fleet size • Rental Utilization was 79.0% in Q1 2021 c

  3. Slide 3: Combined Custom Truck One Source, L.P. & Nesco Q1 Performance

    3 Combined Custom Truck One Source, L.P. & Nesco Q1 Performance Key Highlights • Combined Revenue Growth 11.5% or $41 million • Growth driven by New and Used equipment sales and partially offset by lower rental revenues from each company • Nesco rental revenue was down due to a decline in rental rat

  4. Slide 4: Adj. EBITDA Reconciliation

    4 Adj. EBITDA Reconciliation Custom Truck One Source, L.P. and Nesco (1) EBITDA and Adj. EBITDA are non-GAAP financial measures. See reconciliation at left that reconciles to the most comparable GAAP measures. (2) Represents the non-cash impact of purchase accounting, net of accumulated depreciation

  5. Slide 5: Net Capex Reconciliation

    5 Net Capex Reconciliation Custom Truck One Source, L.P. and Nesco ($ in millions) Net Capital Expenditures is a non-GAAP financial measure. See reconciliation above that reconciles to the most comparable GAAP measures. Sum of individual line items may not equal subtotal or total amounts due to roun

  6. Slide 6: Adj. Net Working Capital

    6 Adj. Net Working Capital Custom Truck One Source, L.P. and Nesco ($ in millions) Adjusted Net Working Capital is a non-GAAP financial measure, which CTOS calculates as total current assets, minus total current liabilities excluding, cash, current maturities, and related interest payable, on intere

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