Ats Corporation · TSX:ATS
Ats — ATS Automation — Q3 F2021 Earnings Presentation
10 slides from Ats's earnings presentation, Feb 3, 2021
Slide 1: Third Quarter F2021 Earnings Presentation
Third Quarter F2021 Earnings Presentation Feb 3, 2021
Slide 2: Forward Looking Statements & Non-IFRS Measures
Forward Looking Statements & Non-IFRS Measures This presentation and the oral statements made during this meeting contain certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements in
Slide 3: Quarterly Highlights
Quarterly Highlights ▪ Strong business performance despite Covid-19 challenges ▪ Record Order Bookings (up 18% y/y) & healthy Order Backlog provide good revenue visibility ▪ Revenues up 1% y/y (10% sequentially) driven by Services, strong showing from Life Science, Consumer Products, and Energy vert
Slide 4: Q3 F2021 Financial Results
Q3 F2021 Financial Results (C$ mm, except per share data) Q3 F2021 Q3 F2020 Y/Y Change Y/Y Change (%) Revenues $ 369.7 $ 367.2 $ 2.5 0.7% Revenue Growth: Earnings from operations $ 32.3 $ 10.4 $ 21.9 210.6% Organic (3)% Adjusted earnings from $ 43.8 $ 37.5 $ 6.3 16.8% Acquisitions 2% operations1 FX
Slide 5: Order Bookings & Backlog
Order Bookings & Backlog Order Bookings1,2 Backlog1,2 Bookings LTM $985 $1,468 $1,519 $1,439 $1,410 $1,452 $1,370 $956 $945 $942 $939 $909 $403 $435 $321 $368 $356 $325 Q2-F20 Q3-F20 Q4-F20 Q1-F21 Q2-F21 Q3-F21 Q2-F20 Q3-F20 Q4-F20 Q1-F21 Q2-F21 Q3-F21 ▪ Strong bookings in Life Sciences, Consumer Pr
Slide 6: Cash Flow Generation
Cash Flow Generation Cash Flow from Operations2 Free Cash Flow1,2 $146 $128 $79 $72 $11 -$7 Q3-F20 Q3-F21 YTD-F20 YTD-F21 -$23 -$28 Q3-F20 Q3-F21 YTD-F20 YTD-F21 Net Debt to Adj. EBITDA1 ▪ Quarterly CFO benefited from lower WC investment 1.6x & higher profitability ▪ Healthy YTD FCF generation of $1
Slide 7: Summary
Summary ▪ Record Order Bookings and healthy Order Backlog ▪ Continued focus on margin expansion and deployment of ABM ▪ Sequential improvement in Services driven by regional support networks and digital offerings ▪ CFT voluntary tender offer process started on Dec 7 – platform acquisition in Food &
Slide 8: Appendix: Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures Notice to reader: Non-IFRS measures and additional IFRS measures Throughout this presentation management uses certain non-IFRS measures to evaluate the performance of the Company. The terms “operating margin”, “EBITDA”, “adjusted net inc
Slide 9: Appendix: Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures (C$ mm) F2017 F2018 F2019 F2020 YTD (C$) Q3 Q3 F2021 F2020 F2021 Adjusted EBITDA 111.7 133.3 161.9 195.1 141.8 Basic earnings per share 0.04 0.20 Restructuring charges 2.3 11.2 - 26.6 14.3 Restructuring charges 0.21 0.07 Share purchase a
Slide 10: Appendix: Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures (C$ mm) Q3 Q3 (C$ mm) F2017 F2018 F2019 F2020 Q3 F2020 F2021 F2021 Adjusted earnings from operations 37.5 43.8 Net Debt (42.0) 12.0 (124.2) (307.0) (147.1) Restructuring charges 18.8 6.2 Adjusted EBITDA 111.7 133.3 161.9 195.1 147.8 Acqu