Mattr Corp · TSX:MATR
Mattr — Investor Presentation (November 2023)
16 slides from Mattr's investor presentation, Nov 15, 2023
Slide 1: November 2023 Investor Presentation
November 2023 Investor Presentation November 15, 2023
Slide 2: Statement Regarding Forward-Looking Information
Statement Regarding Forward-Looking Information This presentation contains forward-looking information within the meaning annual and quarterly reports and in other reports and filings made with of applicable securities laws. Words such as "may", "will", "should", the securities regulatory authoritie
Slide 3: Mattr is a Growth-Oriented Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure
Mattr is a Growth-Oriented Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure $0.9B 2023 Q3 TTM Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including Annual Revenue 1,500+ Employees Worldwide elect
Slide 4: Leading Player in Every Target Market Focused on Responsible Operations
Mattr is a Growth-Oriented Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure Leading Player in Every Target Market Focused on Responsible Operations ESG Performance to Date BUSINESSES Scope 1&2 GHG Emissions 2030 100,000 Composite Connection Pipeline & 80,000 39% 5
Slide 5: High-Value Materials Based Technology Offerings
Expertise in extrusion High-Value Materials technology and complex manufacturing Based Technology Offerings The Company has entered into a 14% Growth in Revenue1 14% Growth in Revenue1 definitive agreement 43% Growth in Adj. EBITDA1 20% Growth in Adj. EBITDA1 with Tenaris to sell a substantial porti
Slide 6: Supportive Fundamentals Positioned to Benefit from Macro Themes
Supportive Fundamentals Positioned to Benefit from Macro Themes Aging Population Resource Climate Infrastructure Movement Scarcity Change Replacements needed for New infrastructure needed Infrastructure needed for High quality, lower CO2 footprint infrastructure at end of life to support population
Slide 7: Prioritizing Higher Growth with Higher EBITDA Margins
Prioritizing Higher Growth (C$ mm) Revenue and Adj. EBITDA with Higher EBITDA Margins $1,000 $941 $862 $800 $626 $611 $644 Adj. EBITDA Margin $600 25% $400 $174 18.9% $200 $142 $99 $68 $83 18.5% $0 20% 16.4% 2019 2020 2021 2022 Q3-2023 15.8% Revenue Adj. EBITDA TTM 12.9% 15% 12.1% 11.2% 9.8% • Focus
Slide 8: Cumulative Value of Strategic Actions
Cumulative Value of Strategic Actions Maintaining disciplined capital allocation approach with “all of the above” strategy $235M Proceeds from pending sales including PPG perimeter and other pipe coating actions Net-debt-to $207M Proceeds already realized from strategic actions completed adjusted Or
Slide 9: Technology as a Driver for Business Growth
Technology as a Driver for Business Growth Expanding our Our industry-leading materials portfolio to offer: HydrochainTM technology advantage draws on More complete A complete system of composite based deep partnerships with researchers, solutions treatment, collection, infiltration and conveyance t
Slide 10: Multi Year, High-Return, Low-Risk Growth Capital Plan
Multi Year, High-Return, Supporting high return organic growth Low-Risk Growth Capital Plan opportunities with appropriate CAPEX and working capital Pipeline and Pipe Services Segment • Annual maintenance CAPEX need is $10-20M $180 • Remaining spend is growth CAPEX, predominantly customer-funded CAP
Slide 11: 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 12: A Global Materials Technology Company Positioned for Growth
A Global Materials Technology Abundant growth Company Positioned for Growth opportunities and established customer base comprised of investment grade counterparts High-quality customers with low concentration and healthy backlog in all segments Portfolio simplification & evolution prioritizing Globa
Slide 13: Highlights of Definitive Agreement for Sale of PPG
Highlights of Definitive Agreement for Sale of PPG Pipeline Performance Group (PPG) Mattr has entered into a definitive agreement to sell The perimeter includes wholly owned operations in: a substantial part of its pipe coating business to: Tenaris S.A. • Canada • Several mobile concrete coating pla
Slide 14: Anticipated Timeline of PPG Transaction
Anticipated Timeline of PPG Transaction Anticipated Timeline of Transaction versus SGP* Project The transaction 2023 2024 is expected to be completed within approximately Q2 Q3 Q4 Q1 Q2 6 months, subject to customary closing Approximate Window for PPG PPG SGP Pipe conditions including SGP Pipe Coati
Slide 15: Financial Accounting Treatment of PPG Transaction
Financial Accounting Treatment of PPG Transaction This agreement will change how the PPS segment is accounted for in quarterly earnings materials from Q3-2023 onward: Q2 - 2023 Q3 - 2023 Composite Technologies ~$8M in Corporate Costs re-allocated Composite Technologies to continuing operations Conne
Slide 16: Thank you.
@ = Thank you. Infrastructure Technologies