Slide 1: Q3 F2024 Earnings Call
Q3 F2024 Earnings Call August 1, 2024
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We may use words such as “anticipate”, “may”, “will”, “should”, “expect”, “believe", "estimate", “5-year target” and similar expressions to ide
Slide 3: Operations Review
Darren Kirk Chief Executive Officer Operations Review
Slide 4: Q3 F2024 Operations Overview – Automotive Solutions
Q3 F2024 Operations Overview Key Highlights in the Quarter – Automotive Solutions • Overall industry vehicle production relatively flat in N.A (+2%) and Europe (-5%) vs prior year quarter • US SAAR holding relatively firm at around 15.5M units (June modestly impacted by Dealer network cyber incident
Slide 5: Q3 F2024 Operations Overview – Casting and Extrusion
Q3 F2024 Operations Overview Key Highlights in the Quarter – Casting and Extrusion • Segment revenue was up C$0.5M/ 1% year over year, due mainly to higher revenues from the Extrusion group • Demand from most extrusion end markets were firm during the quarter (building/ construction/ automotive/ sus
Slide 6: Financial Review
Matthew Posno Chief Financial Officer Financial Review
Slide 7: Q3 F2024 Financial Overview
Q3 F2024 Financial Overview Consolidated Results Versus Prior Year Period • Revenue of $161.8M; down 2% from last year • FX movements increased sales $1.9M • EBITDA of $22.3M; up 20% from $18.6M last year • Very strong margin improvement in Casting and Extrusion segment • Rebound in demand for Extru
Slide 8: Q3 F2024 Financial Overview
Q3 F2024 Financial Overview Consolidated Results Versus Prior Year Period • Casting and Extrusion segment revenues up 1% and EBITDA up 36% (Margin increased to 18% from 13%; F26 Target 20%) • Automotive Solutions segment revenues down 4% and EBITDA down 7% (Margin decreased to 12% from 13%; F26 Targ
Slide 9: Consolidated Revenue Reconciliation
Q3 F2024 Financial Overview Consolidated Revenue Reconciliation C$ Millions 165 (3) 1 162 Q3 F23 Automotive Solutions Casting & Extrusion Q3 F24 EXCO TECHNOLOGIES LIMITED | 9
Slide 10: Consolidated EBITDA Reconciliation
Q3 F2024 Financial Overview Consolidated EBITDA Reconciliation C$ Millions 3.8 0.7 22.3 18.6 (0.8) Q3 F23 Automotive Solutions Casting & Extrusion Corporate Q3 F24 EXCO TECHNOLOGIES LIMITED | 10
Slide 11: Automotive Solutions Segment
Automotive Solutions Segment Segment EBITDA decrease due to higher Mexican labour cost, peso strength, and lower sales C$ Millions C$ Millions Revenue Segment EBITDA Margin Segment EBITDA 15% (4%) (0.5%) 7 (6%) 80 10 . 60 10% 40 5 5% 20 0 0% 0 Q3 F23 Q3 F24 Q3 F23 Q3 F24 Q3 F23 Q3 F24 EXCO TECHNOLOG
Slide 12: Casting & Extrusion Segment
Casting & Extrusion Segment Segment margins increased due to product mix and operating performance C$ Millions C$ Millions Revenue Segment EBITDA Margin Segment EBITDA 1% 20% 12 37% 80 5% 10 60 15% 8 40 10% 6 4 20 5% 2 0 0% 0 Q3 F23 Q3 F24 Q3 F23 Q3 F24 Q3 F23 Q3 F24 EXCO TECHNOLOGIES LIMITED | 12
Slide 13: Financial Leverage & Liquidity
Financial Leverage & Liquidity Balance Sheet net leverage of 1.0x as at June 30, 2024 Exco Net Debt • LTM EBITDA of C$84.4M Long Term Debt Bank Indebtedness/ Other • C$150M committed revolver matures March Cash 2027 20.3 2.5 • Balance sheet net debt of $87.2M C$ Millions • C$44M of Liquidity 105 • S
Slide 14: Questions
Questions EXCO TECHNOLOGIES LIMITED | 14
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