Slide 1: Earnings Release Presentation Q4 and FY 2023
Earnings Release Presentation Q4 and FY 2023
Slide 2: Forward Looking Information
Forward Looking Information Q4 2023 This presentation contains forward-looking information within the Additional information on the risks and uncertainties on the meaning of applicable securities laws. Words such as "may", "will", Company’s business can be found in the Company’s current Annual "shou
Slide 3: Highlights FY 2023
Highlights FY 2023 Y/Y Growth • FY consolidated Adjusted EBITDA of $388M, +155% vs. FY 2022 in All • FY Adjusted EBITDA from Continuing Operations of $165M, +16% vs. FY 2022 Businesses • Discontinued Operations generated $223M of FY Adjusted EBITDA, +2148% vs. FY 2022 Successful • Portfolio rational
Slide 4: Highlights Q4 2023
Maintaining disciplined Highlights Q4 2023 capital allocation approach with “all of the above” strategy Net-debt-to adjusted • Q4 consolidated Adjusted • Completed sale of the EBITDA <2x Organic Investment EBITDA of $137.7M majority of the Pipeline Given reduced operational Substantial committed Per
Slide 5: Composite Technologies Q4 2023
Composite Technologies Q4 2023 • Segment set new annual revenue and Adjusted EBITDA records in 2023 • Q4-23 activity slowed as expected, with 31% decrease in revenue to $112 million vs. Q4-2022 • Q1-24 will see seasonal low-point for Xerxes fuel and water product installations • Currently anticipate
Slide 6: Connection Technologies Q4 2023
Connection Technologies Q4 2023 • Segment set new annual revenue and Adjusted EBITDA records in 2023 • Revenue of $79 million increased slightly vs. Q4-2022 • Strong deliveries into North American utility end markets • Currently anticipate meaningful revenue rise in Q1-24 • North American production
Slide 7: Discontinued Operations Q4 2023
Discontinued Operations Q4 2023 (formerly known as Pipeline & Pipe Services) • The sale of the pipe coating business was completed on November 30, 2023. The business contributed revenue to Mattr for the first two months of Q4-2023 • Delivered $265 million of revenue, a 122% increase vs. Q4-2022, as
Slide 8: Financial Results Q4 2023
Financial Composite Technologies Results Q4 2023 In millions Q4 2023 Q4 2022 Change Revenue 112.5 139.6 -19.4% Consolidated Revenue from Continuing Operations $210.8M Adj. EBITDA 18.8 27.3 -31.1% Consolidated Adj. EBITDA from Continuing Operations $32.8M Adj. EBITDA Margin (%) 16.7 19.6 -290bps Cons
Slide 9: Sale of Discontinued Operations
Sale of Discontinued Operations • Transaction closed on Nov 30, 2023 Timeline of Transaction • Subject to working capital adjustment 2023 2024 Currently expected total related net cash secured Q3 Q4 Q1 Q2 Q3 = Cash generated between transaction Approximate announcement and transaction close Transact
Slide 10: Cashflow and Debt Q4 2023
Cashflow and Debt Q4 2023 Consolidated Cash & Debt Net Debt $500 $437$421 $410 $400 $291 $307$281$266 $300 $222$246$207 $200 $163 $152 $119 -80% $87 $100 $8 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 -$100 2020 2021 2022 2023 -$102 -$200 • Net Debt to Adjusted EBITDA ratio at -0.26X. With to
Slide 11: CAPEX Q4 2023
CAPEX Q4 2023 CAPEX ($CAD MM) $160 Continuing operations capital spend (including outstanding payments to $148 suppliers) of $27.7 million in Q4, of which $24.5 million directed to growth $140 $10 capital. $120 Capital spending for full year 2023 finished at $148 million, dominated by growth investm
Slide 12: Financial Results FY 2023
Financial Composite Technologies Results FY 2023 In millions FY 2023 FY 2022 Change Revenue 535.5 529.2 1.2% Adj. EBITDA 112.8 97.7 15.5% Consolidated Revenue from Continuing Operations $925.3M Adj. EBITDA Margin (%) 21.1 18.5 +260bps Consolidated Adj. EBITDA from Continuing Operations $165.1M Conso
Slide 13: Cashflow FY 2023
Cashflow FY 2023 Q4’23 Earnings Release Presentation 13
Slide 14: Proceeds from Strategic Actions to be Deployed for Growth
Proceeds from Strategic Actions to Maintaining disciplined be Deployed for Growth capital allocation approach with “all of the above” strategy Net-debt-to adjusted EBITDA <2x Organic Investment $442M Total gross proceeds from sales Given reduced operational volatility, expecting to generally Substan
Slide 15: Outlook Q1 2024
Outlook Q1 2024 Macro & Strategic Operational • Continuing expansion of global • Modest sequential revenue increase expected in Q1- investment in electrification, 2024, while profitability is anticipated to be impacted by communications, transportation, low higher modernization, expansion and optimi
Slide 16: A Global Materials Technology Company Positioned for Growth
A Global Materials Technology Company Positioned for Growth Abundant growth opportunities and established customer base comprised of investment grade counterparts High-quality customers with low concentration in all segments Portfolio simplified to prioritize infrastructure and Global material techn
Slide 17: Thank you.
@ = Thank you. Infrastructure Technologies