Mattr Corp · TSX:MATR
Mattr — Shawcor — Shareholder Meeting (May 2020)
14 slides from Mattr's shareholder meeting presentation, May 13, 2020
Slide 1: Annual General Meeting
+ INTEGRITY + TECHNOLOGY + EXECUTION Annual General Meeting May 13, 2020
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking information within the meaning of applicable securities laws. Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "predict", "estimate" or similar terminology are used to identify forward-looking infor
Slide 3: Departing Directors
Departing Directors Charlene Valiquette James Derrick John Baldwin Don Wishart 3
Slide 4: New Directors
New Directors Laura Cillis Lisa Bahash 4
Slide 5: 2019 Results
2019 Results • 50 Years as a Public Company • Projects Complete: Liza 2 and Barzan Gas • New Disclosure: Segments and Sustainability • $513 M Backlog and $240 M Pending FID • ZCL Composites April 2019 • Composite Pipe Product Extensions • $50 M+ Cash from Sales • Channelview, Texas Service Quality E
Slide 6: 2020 Q1 Results
2020 Q1 Results FINANCIAL & OPERATING Q1 QUARTER COMMENTARY TRCF(1) 4.3 • Coronavirus Task Force and Management • HSE: Positive Quarter • Q1 historically poorest quarter Revenue $ 319 M • TC Energy - CEO Safety Award EBITDA (Adj.) $ 6.2 M • Recognized downturn and responded quickly • Updates March 1
Slide 7: Unparalleled Q1 Events
Unparalleled Q1 Events Energy Demand Upstream Activity WTI and Brent Spot Price Global Rig Count North America COVID-19 GLOBAL PANDEMIC $100 2,500 Europe 2,000 → Unprecedented travel and mobility restrictions $50 1,500 Middle East 1,000 Africa → Shut down of industrial/commercial activities $0 Latin
Slide 8: Portfolio Diversification - SHAWCOR
Portfolio Diversification - SHAWCOR Product & Services PIPELINE SERVICES AND PRODUCTS INTEGRITY MANAGEMENT HEAT SHRINK & HEAT SHRINK & MANAGEMENT AND MANAGEMENT AND ENGINEERING OILFIELD ASSET COMPOSITE PIPE COLD APPLIED COLD APPLIED ENGINEERING SERVICES MANAGEMENT PRODUCTS PRODUCTS SERVICES HEAT SHR
Slide 9: Portfolio Diversification – ENERGY
Portfolio Diversification – ENERGY Asset Lifecycle MANAGEMENT AND ENGINEERING SERVICES OILFIELD ASSET INTEGRITY INTEGRITY MANAGEMENT MANAGEMENT MANAGEMENT MANAGEMENT AND PIPELINE SERVICES OILFIELD ASSET ENGINEERING COMPOSITE PIPE COMPOSITE PIPE AND PRODUCTS MANAGEMENT SERVICES Exploration Design & D
Slide 10: Priorities
Priorities 1 Protect Employee Health 2 Execute on Customer Projects 3 Reduce Financial Burden Secured work in backlog Cost reductions Global oversight, local unit leadership Provision of essential services Cash generation New health monitoring protocols Supply chain management Measures
Slide 11: Secured and Visible Work
Secured and Visible Work END OF Q4 2019 END OF Q1 2020 $ 1,691 M $ 1,576 M $ 1,016 M $ 798 M $ 575 M $ 513 M $ 240 M $ 190 M Backlog Bid Budgetary Backlog Bid Budgetary → 12 month Backlog > $500 million → 12 month Backlog > $500 million → Conditional Bid awards ~ $190 million → Conditional Bid award
Slide 12: Supportive Long-term Fundamentals
Supportive Long-term Fundamentals SHAWCOR ❷ ❶ Business Segments SUPPLY/ DEMAND IMPORTANCE OF IMBALANCES ASSET OWNERSHIP • Significant imbalances in Water, • Ownership for full lifecycle and Oil, Gas and Electricity long- range performance • Investments required to match COMPOSITE SYSTEMS • Investmen
Slide 13: Longevity and Many Cycles
I l s g… 1 Longevity and Many Cycles 2 Diversified Portfolio 3 Base Business Executing will Strengthen on Priorities 4 Secured andCost Reduced Visible Work Burden 5 Solid Fundamentals 13 13
Slide 14: Annual General Meeting
+ INTEGRITY + TECHNOLOGY + EXECUTION Annual General Meeting May 13, 2020