Mattr Corp · TSX:MATR
Mattr — ATB 2024 Institutional Investor Conference
15 slides from Mattr's conference presentation, January 2024
Slide 1: ATB 2024 Institutional Investor Conference
ATB 2024 Institutional Investor Conference January 2024
Slide 2: Forward Looking Information
Forward Looking Information 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 "should", "an
Slide 3: A Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure
A Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure Leading Player in Every Target Market Focused on Responsible Operations ESG Performance to Date BUSINESSES Scope 1&2 GHG Emissions 2030 100,000 Composite Technologies Connection Technologies 80,000 39% 50% tonnes
Slide 4: High-Value Materials Based Technology Offerings
Expertise in extrusion High-Value Materials technology and complex manufacturing Based Technology Offerings 14% Growth in Revenue1 14% Growth in Revenue1 43% Growth in Adj. EBITDA1 20% Growth in Adj. EBITDA1 438 bps Adj. EBITDA 112 bps Adj. EBITDA Margin Expansion1 Margin Expansion1 Composite Connec
Slide 5: Positioned to Benefit from Long-Cycle Macro Themes
Positioned to Benefit from Long-Cycle Macro Themes Aging Population Resource Climate Infrastructure Movement Scarcity Change Replacements needed for New infrastructure needed Infrastructure needed for High quality, lower CO2 footprint infrastructure at end of life to support population growth & wate
Slide 6: Value Created from Transformation
Value Created from Transformation Maintaining disciplined capital allocation approach with “all of the above” strategy $225M Gross Proceeds from Pipe Coating Business Sale Net-debt-to Organic adjusted EBITDA <1.5x Investment - Neutral Net Working Capital Estimate ALL OF THE ABOVE Inorganic Returning
Slide 7: Moving Beyond Transformation
Moving Beyond Transformation >10% Annual Revenue Growth Organic Performance Ambitions: >20% EBITDA Margins Further Enhanced by M&A >70% FCF Conversion 2021 TRANSFORMATION 2023 EXPANSION 2025 ELEVATION 2030 Generated Deploying 2023-2030 Revenue >$400M >$150M Doubling in proceeds through of Growth Cap
Slide 8: Debt Journey
Debt Journey Net Debt $500 $421 $410 $400 $291 $307 $300 $281 $266 $246 $222 $207 $200 $163 $152 $119 $87 $100 $8 $0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2021 2022 2023 ▪ Includes leases of $76 million as of Q3 2023 ▪ Achieved goal of net debt below 1.5x and now view that as ceiling ▪ Debt redu
Slide 9: Multi-Year, High-Return, Low-Risk Capital Growth Plans
Supporting high return organic growth Multi-Year, High-Return, Low-Risk opportunities with appropriate Capital Growth Plans CAPEX and working capital $100 Composite and Connection Technologies’ Segments o Annual maintenance CAPEX need is $10-15M o Remaining spend is growth CAPEX o Hurdle Rate IRR >
Slide 10: Investing in Capacity and Efficiency in Composite and Connection Technologies' Segments
Investing in Capacity and Efficiency in Composite and Connection Technologies’ Segments $95M of capex committed in 2023 with $50-70M additional spend anticipated in Vaughan, ON, Canada 2024 to complete Wire & Cable Manufacturing Expected Start-up: Late ’24 Additional sites with initial equipment pop
Slide 11: Catalysts to Achieve Organic Performance Ambitions
Catalysts to Achieve Organic Performance Ambitions Flexpipe large-diameter & international market DSG-Canusa industrial penetration market penetration Organic Performance Ambitions Adding Capacity >10% Annual Revenue Growth Adding Capacity in both in both businesses businesses >20% EBITDA Margins >7
Slide 12: Returning Capital to Shareholders
Returning Capital to Shareholders Normal Course Issuer Bid (NCIB) Date Purchase Shares Purchased Shares Avg Price Net Amount Cancelled Q3 2022 246,100 8.0781 1,990,482 - Q4 2022 268,200 11.8333 3,176,372 514,300 FYR 2022 514,300 10.0364 5,166,855 514,300 Q1 2023 626,000 12.3117 7,713,407 571,600 Q2
Slide 13: Strong Growth Momentum & Powerful Balance Sheet, Trading Significantly Below Peer Group Average
Strong Growth Momentum & Powerful Balance Sheet, Trading Significantly Below Peer Group Average Our Peers are Premium Industrial Net Debt/Adj. EBITDA Product Manufacturers 2021-23 Adj EBITDA CAGR 45% 20193.2x Ticker Company EV/EBITDA Multiple* Q3-23 TTM 0.5x TTM AIN-USQ Albany International 13.4 202
Slide 14: Organically Doubling Revenue by 2030
Organically Doubling Revenue by 2030… >10% growth Revenue 2030 Organic Ambitions 20%+ Adjusted EBITDA Margin 70%+ Free Cash Flow Conversion Q3 2023 TTM $941M 18.5 % 2019 … with clear opportunity to $626M 15.8 % accelerate ambition achievement through targeted M&A ATB 2024 Institutional Investor Conf
Slide 15: Thank you.
@ = Thank you. Infrastructure Technologies