Concrete Pumping Holdings, Inc. · NASDAQ:BBCP
Concrete Pumping — Q2 2020 Earnings Presentation
13 slides from Concrete Pumping's earnings presentation, May 11, 2020
Slide 1: Q2 Fiscal 2020 Business & COVID-19 Update
NASDAQ: BBCP Q2 FISCAL 2020 BUSINESS & COVID-19 UPDATE | May 2020
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This investor presentation (investor Presentation") includes forward-looking statements" within the mearing ofthe “safe harbor” provisions ofthe Private Securities Ligation Reform Act of 1995. The actual results of Concrete Pumping Holdings ne (the "Company" or
Slide 3: Health & Safety
Health & Safety + #1 core valueis the health & safety of ouremployees + We follow all applicable health & hygiene protocols released by Centers for Disease Control & Prevention (CDC) + Enhanced safety & health protocolsforfield staff + Work-at-home mandates or office employees Business Operations +
Slide 4: Health & Safety Actions
Health & Safety Actions + We follow all applicable health & hygiene protocols released by the CDC & state & local authorities, + Implemented enhanced health guidelinesinvolvinghand hygiene, employee temperature screening, provision of mask & glove supplies & disinfecting of frequently touched object
Slide 5: Business Operations Have Remained Strong
Business Operations Have Remained Strong * Strong preliminary Q2 FY20 results demonstrate the agility & a resilience of CPH’s business emsen) sn ” : sss se Revenue up 20% vs. Q2 FY19 | a ie oo * Operations have been largely deemed an essential business sud in the US. + Offsets to this have been the
Slide 6: Cost & Cash Management Priorities
Cost & Cash Management Priorities Y Disciplined control of highly variable cost model insulates against potential demand shocks + °70% of the Company's cost base is variable Y Prioritized cash preservation & liquidity strategies: 1, Immediate suspension of uncommitted 2020 capex investment 2. Non-es
Slide 7: Financial Flexibility & Strong Liquidity
Financial Flexibility & Strong Liquidity y Favorable Cash Flow Characteristics ¥ No Maturities Until Dec 2023 * Healthy operationalcash flow + ABLRevolver:5 years (matures Dec 2023) + Specialized, technical construction service drives strong, + Term Loan Facility: 7 years (matures Dec 2025) margins
Slide 8: Navigating the COVID-19 Pandemic From a Position of Agility & Strength
Navigating the COVID-19 Pandemic From a Position of Agility & Strength Our employees are our most valuable asset and their health & safety is our most important core value The vast majority of our work has been deemed essential across the U.S. Our preliminary Q2 FY20 results demonstrate the relative
Slide 9: Concrete Pumping Holdings Investor Relations
CONCRETE PUMPING HOLDINGS Eee Company Investor Relations
Slide 10: Appendix
CONCRETE PUMPING HOLDINGS Appendix
Slide 11: Adjusted EBITDA Reconciliation
Year Ended October 31, Net income (loss) $ (32,487) Interest expense, net 36,524 Income tax expense (benefit) (7,495) Depreciation and amortization EBITDA Transaction expenses Loss on debt extinguishment Stock based compensation Other expense (income) Other adjustments Adjusted EBITDA = NASOAQ: BBCP
Slide 12: Reconciliation of Debt to Net Debt
Reconciliation of Debt to Net Debt April30, Change in Net 2020 Debt Term loan outstanding S. $ 3917 $ (5.2) Revolving loan draws outstanding 396 09 Less:Cash (175) (149) Net debt NASOAG: BBCP) 12
Slide 13: Attractive Financial Profile Versus Peers
Attractive Financial Profile Versus Peers 2019 Adjusted EBITDA Margin(”) Premium vs. Specialty Rental Peers (bps):~350 bps Premium vs. Specialty Waste Peers (bps):~1,400 bps 35% me 21% ‘Average Specaty Average Specialty Rental Peers WastePeers NASOAQ: BBCP) 13,
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