Black Diamond Group Limited · TSX:BDI

Black Diamond — Investor Presentation (January 2021)

13 slides from Black Diamond's investor presentation, Jan 14, 2021

  1. Slide 1: Investor Update

    Investor Update January 2021 OUR WAY IS TO1/14/2021 CREATE A BETTER WAY 1 Investor Relations | investor@blackdiamondgroup.com 1 © Black Diamond Group Ltd. All Rights Reserved

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation contains forward-looking statements. The use of the words “anticipate”, “continue”, “estimate”, “expect”, “will”, “project”, “should”, “believe”, “intend” and similar expressions identify forward-looking statements. These statements involve known and unkn

  3. Slide 3: Creating A Better Way

    Creating A Better Way • Disruptive digital platform LL • Rapidly scaling • Unique digital platform focused on essential workforce travel LodgeLink • Significant operating leverage WFS • • Improving utilization & diversification of projects Long-lived rental assets Workforce Solutions • Low maintenan

  4. Slide 4: Vanguard Acquisition – Expanded Operations

    Vanguard Acquisition – Expanded Operations Black Diamond Pro Forma w/ % Change before Vanguard Vanguard transaction MSS Fleet Count 6,660 8,856 33% MSS US Fleet Count 2,024 4,220 108% 2020 Sep 30 YTD $62.3 $104.0 67% MSS Revenue (CAD mm) Head Office 2020 Sep 30 YTD $19.4 $28.4 46% MSS MSS Adjusted E

  5. Slide 5: Enhancing Diversification

    Enhancing Diversification Industry Diversification Power, Refineries and Infrastructure 15% 8% Other 17% 25% Oil & Gas 16% 8% Mining 4% 2% Government 13% 9% Education 7% 29% Construction 28% 19% 0% 5% 10% 15% 20% 25% 30% 35% Q3/20 Reported Q3/20 Pro Forma Vanguard Geographic Diversification 8% Austr

  6. Slide 6: Funds From Operations

    Financial Flexibility Leverage Ratio Pro Forma Vanguard Net Debt/EBITDA (TTM September 30 2020) 4 4 3.5 3.5 3 3 2.5 Funds From Operations 2.5 2 2 1.5 1.5 1 1 0.5 0.5 0 BDI Pro Forma Vanguard MSS Comparables WFS Comparables 0 Source: Factset MSS Comparables: MGRC, GFN, WSC Q3-19 Q4-19 Q1-20 Q2-20 Q3-

  7. Slide 7: Significant Asset Coverage Against Debt

    Significant Asset Coverage Against Debt • Net debt1 remains well below hard asset coverage on a net book value basis • In conjunction with Vanguard deal, expanded existing credit facility to $300 million • Over $70 million of available liquidity under expanded facility Net Debt Vs Net Book Value Net

  8. Slide 8: Growth Through Disciplined Capex

    Growth Through Disciplined Capex 2021 Capital Program • Capex budget of ~$35 mm (gross). Net capex of $25 to $30 mm after used asset sales • Targeting return on assets for new capital (defined as annualized rental revenue divided into the cost of a new asset) at 18% or higher • MSS: ~$25 mm (gross)

  9. Slide 9: Digital B2B Platform for Workforce Travel

    Digital B2B Platform for Workforce Travel LodgeLink is a multi-sided marketplace for the $320 billion of crew travel and related goods and services consumed by crews each year.

  10. Slide 10: LodgeLink Gaining Market Traction

    LodgeLink Gaining Market Traction Customer Accounts Multi-sided B2B Platform focused on crew travel 600 500 • Efficiently connect the supply/demand of room and accommodation bookings for companies employing field crews 400 • Custom-built platform to remove inefficiency at every stage of the crew tra

  11. Slide 11: Black Diamond Investment Attributes

    Black Diamond Investment Attributes  MSS fleet growth well ahead of plan as a result of Spectrum and Vanguard acquisitions Growth in 2020  MSS EBITDA growth to outpace fleet growth driven by stronger rental revenue, economies of scale, VAPS and other service offerings  LodgeLink platform is scali

  12. Slide 12: Non-GAAP Measures

    Non-GAAP Measures • Adjusted EBITDA is not a measure recognized under IFRS and does not have standardized meanings prescribed by IFRS. Adjusted EBITDA refers to consolidated earnings before finance costs, tax expense, depreciation, amortization, accretion, foreign exchange, stock-based compensation,

  13. Slide 13: Thank You

    THANK YOU 1/14/2021 13 Investor Relations | investor@blackdiamondgroup.com

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