Mistras Group Inc · NYSE:MG
Mistras — Q1 2025 Earnings Presentation
13 slides from Mistras's earnings presentation, May 8, 2025
Slide 1: Q1 2025 Earnings Report
May 8, 2025 Q1 2025 Earnings Report
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters Forward-Looking and Cautionary Statements Certain statements contained in this press release are "forward-looking statements" within the "believe," "estimate," "expect," "intend," "plan," "predict," "project," "will," "may," "should," "could," meaning of Secti
Slide 3: Key Q1 2025 Priorities
Key Q1 2025 Priorities Leadership Talent Cost Re-Calibration Growth Strategies/ Evaluation to Revenue Levels Optimization of Services Two senior executives Continuing to review all Accelerated expansion across within Data Solutions operational aspects of our core industries focused on growth our por
Slide 4: Driving The Future Of Asset Protection With Data Analytical Solutions
Driving The Future Of Asset Protection With Data Analytical Solutions NDT Inspection Leading the Digital Transformation Insights & Data Collection of Asset Protection Actions Making asset integrity data-driven, analytical, and insightful Inline Inspection Value-added data analytical solutions have h
Slide 5: Oil & Gas End Market
Oil & Gas End Market (In thousands) Technology Enabled Asset Integrity Revenue 41.9% Quarter ended March 31, 2025 Upstream $40.3 Midstream $15.8 Downstream $40.5 41.7% 16.4% Total Oil & Gas $96.6 Gen 6 ART Crawler Shown Aboveground Pipelines Key Growth Factors • Modest spring turn around season with
Slide 6: In-Lab Testing
In-Lab Testing Integrated Aerospace & Defense Testing Platform • Innovative, progressive model centralizes manufacturing process – everything between forging and final machining • Long-term partnerships with commercial and private space customers • Integrated in lab platform to help customers accele
Slide 7: One-Source for Asset Integrity
One-Source for Asset Integrity WHO WE HELP HOW WE HELP MISTRAS’ Field Inspection, Data Analytical Solutions and In-Lab Testing empower customers to prioritize mechanical integrity programs, maximize uptime and ensure safety FIELD DATA IN-LAB OIL & GAS AEROSPACE & DEFENSE DOWNSTREAM UPSTREAM MIDSTREA
Slide 8: Revenue by industry and sub-industry
Revenue by industry and sub-industry (In millions) Revenue by Industry For the quarter ended March 31 Revenue by Sub-industry 2025 2024 2025 2024 Oil & Gas $96.6 $113.2 Upstream $40.3 $41.8 Aerospace & Defense $20.4 $22.1 Midstream $15.8 $21.4 Industrials $18.6 $15.2 Downstream $40.5 $50.0 Power Gen
Slide 9: Key Consolidated Income Statement Metrics
Key Consolidated Income Statement Metrics (In millions) For the quarter ended March 31 2025 2024 Revenue $161.6 $184.4 Gross Profit $40.9 $46.2 Gross Margin 25.3% 25.0% Selling, General and Administrative Expenses $35.7 $36.3 Reorganization and Other Costs $3.1 $1.6 Interest Expense $3.3 $4.4 Net (L
Slide 10: Key Cash Flow and Debt Balances
Key Cash Flow and Debt Balances (In millions) Debt 2025 2024 Net cash provided Free Cash Flow Total Gross by operating activities (Non-GAAP) Debt (GAAP) $171.9 $169.6 (GAAP) 2025 2024 Less: Cash and $(18.5) $(18.3) cash equivalents 2025 2024 ($0.2) ($5.3) Total Net Debt $5.6 $0.6 For the quarter end
Slide 11: Historical Growth Trajectory
Historical Growth Trajectory For the years ended December 31 Historical Revenues Adjusted EBITDA* (In millions) (In millions) Adjusted EBITDA % of Revenue *See supplemental slide for adjusted EBITDA reconciliation and important disclosures regarding MISTRAS’ use of this non-GAAP financial measure Co
Slide 12: Questions?
Questions? Contact Us Corporate Headquarters 195 Clarksville Road +1-833-MISTRAS investors@mistrasgroup.com Princeton Junction, NJ 08550
Slide 13: EBITDA Supplemental Bridge
EBITDA Supplemental Bridge (In millions) For the years ended December 31 2022 2023 2024 Net income (loss) attributable to Mistras Group Inc. $6.5 ($17.5) $18.9 Interest Expense $10.5 $16.8 $17.1 Provision (benefit ) for income taxes $2.7 ($1.2) $5.3 Depreciation and amortization $33.3 $34.1 $33.0 Sh