Atlas Critical Minerals Corporation · NASDAQ:ATCX
Atlas Critical Minerals — Atlas Technical Consultants — Q2 2020 Earnings Presentation
15 slides from Atlas Critical Minerals's earnings presentation, Aug 11, 2020
Slide 1: Second Quarter 2020 Earnings Presentation
SECOND QUARTER 2020 EARNINGS PRESENTATION August 10, 2020
Slide 2: Forward-looking statements
The statements contained in this presentation that are not purely historical are forward - looking statements. Our forward - looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the futu
Slide 3: Agenda
3 AGENDA Business Overview L. Joe Boyer Chief Executive Officer Financial Overview & Outlook David Quinn Chief Financial Officer
Slide 4: Atlas Overview: A Leading National Technical Services Platform
TESTING, INSPECTION & ENVIRONMENTAL CONSULTING ESSENTIAL PROVIDER OF MISSION CRITICAL SERVICES HIGH QUALITY CUSTOMER AND WORK MIX ATLAS OVERVIEW $464M Gross Revenue 1 17.5% Adj. EBITDA Margin 1,2 $621M Backlog 90% Time & Materials 70% Existing Structures 9,000+ Annual Customers 50,000+ Annual Projec
Slide 5: Q2 2020 Highlights
5 • Gross revenue experienced significant demand recovery since April driving sequential monthly revenue improvement as quarter progressed • Net revenue represented 81% of gross revenues, compared to 79% in the prior year quarter, owing to a higher level of self - performance work • Adj. EBITDA at h
Slide 6: Current Market Landscape
36% 15% 38% 6% 4% 6 Atlas’ mission critical services support infrastructure and other essential industries CURRENT MARKET LANDSCAPE Non - discretionary and government - based work not materially impacted by COVID - 19 NET REVENUE BY END MARKET 1,2 1. Net Revenue is not a financial measure determined
Slide 7: Backlog & Key Wins
BACKLOG 2017 $502M Q2 2020 $621M Building strong pipeline of work, providing favorable trajectory as economies reopen BACKLOG & KEY WINS Record backlog fueled by key wins across Atlas service offerings and geographies Q2 KEY WINS VALUE REGION SERVICES Richards Boulevard Office Complex $4M West Mater
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS Resilient business model delivered strong results during challenging environment 8 Q2 2020 Q2 2019 YoY % Change H1 2020 H1 2019 YoY % Change Gross Revenue $112.7 $123.6 - 8.8% $222.0 $229.3 - 3.2% Net Revenue 1 $91.6 $97.9 - 6.4% $182.1 $183.7 - 0.9% Adj. EBITDA 1 $15.4 $17.3 -
Slide 9: Strong Liquidity and Disciplined Capital Allocation
Invest in Growth Acquisitions Purpose - built platform with strong accretive deal pipeline Maintain capital discipline Financial Flexibility Optimize Returns Prioritized actions to enhance shareholder returns Value Enhancing Opportunities Adj. Operating Cash Flow 1 LTM $54M 1 Adj. Operating Cash Flo
Slide 10: Strategic Growth Trajectory
10 2016 1 $228M 2017 1 $278M 2018 $426M 2019 1 $471M 2020 ~$461M 3 2021 Ongoing execution of organic and M&A growth strategy STRATEGIC GROWTH TRAJECTORY Proven execution of growth plan through organic and M&A means Revenue CAGR ~30% 2016 - 2019 Gross Revenue 2 1 2016 Includes ATC as the accounting p
Slide 11: Acquisition Update
• Out - performing 2020 year - to - date expectations • Expanded position in key Southeast region markets being realized consistent with acquisition case • Strong business continuity and durability through COVID - 19 • Revenue synergies and cross - selling demonstrated through new project wins • Int
Slide 12: Outlook
OUTLOOK Strong client base and resilient and scalable business model supports full year outlook 12 • Outlook reflects current visibility on timing of work, assuming no major retrenching of stay - at - home orders • Government - based work remains positive with some sequential improvement to private
Slide 13: Summary
Executing on pipeline of accretive and deleveraging acquisitions to further strengthen our resilient, purpose - built platform Strong underlying fundamentals with fully - funded backlog at record level and no cancelled projects Dependable government - based work moving forward and positioned for imp
Slide 14: Appendix
APPENDIX 14
Slide 15: Reconciliation: Net Income to Adj. EBITDA and LTM Q2 2020
RECONCILIATION Net Income to Adj. EBITDA and LTM Q2 2020 15 Reconciliation Revenues LTM Q1 2020 Gross Revenues Reimbursable Expenses Net Revenues Year ended December 31, 2019 471,047$ (93,265)$ 377,782$ Less: Six months ended June 30, 2019 (229,280) (45,571) (183,709) Plus: Six months ended June 30,
Atlas Technical Consultants — Q2 2020 Earnings Presentation on 6ix