Ats Corporation · TSX:ATS
Ats — Q2 F2022 Earnings Presentation
10 slides from Ats's earnings presentation, Nov 3, 2021
Slide 1: Second Quarter F2022 Earnings Presentation
Second Quarter F2022 Earnings Presentation November 3, 2021
Slide 2: Forward Looking Statements & Non-IFRS Measures
Forward Looking Statements & Non-IFRS Measures This presentation and the oral statements made during this call contain certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward- looking statements"). Such forward-looking statements invo
Slide 3: Quarterly Highlights
Quarterly Highlights ▪ Strong business performance shows ATS continues to execute well ▪ Solid Order Bookings (up 27% y/y) & healthy Order Backlog provide good revenue visibility ▪ Revenues up 56% y/y driven by recent acquisitions and strong showing from Life Sciences, Consumer Products and Energy v
Slide 4: Q2 F2022 Financial Results
Q2 F2022 Financial Results (C$ mm, except per share data) Q2 F2022 Q2 F2021 Y/Y Change ($) Y/Y Change (%) Revenues $522.1 $335.5 $186.6 55.6% Earnings from operations 55.4 23.4 32.0 136.8% Revenue Growth: Adjusted earnings from 70.7 40.1 30.6 76.3% Organic 23.8% operations1 EBITDA1 81.2 41.5 39.7 95
Slide 5: Order Bookings & Backlog
Order Bookings & Backlog Quarterly Order Bookings1,2 LTM Order Bookings1,2 $637 $2,045 $1,938 $510 $435 $463 $1,626 $403 $1,452 $1,519 $1,370 $325 Q1-F21 Q2-F21 Q3-F21 Q4-F21 Q1-F22 Q2-F22 Q1-F21 Q2-F21 Q3-F21 Q4-F21 Q1-F22 Q2-F22 Backlog1,2 ▪ Strong quarterly bookings aided by acquisitions and $1,2
Slide 6: Cash Flow Generation
Cash Flow Generation Cash Flow from Operations1,2 Free Cash Flow1,2 $105 $79 $67 $56 $56 $44 $20 $15 Q2-F21 Q2-F22 YTD-F21 YTD-F22 Q2-F21 Q2-F22 YTD-F21 YTD-F22 Net Debt to Adj. EBITDA1 ▪ Quarterly CFO benefited from higher profitability 1.6x 1.6x 1.5x partially offset by higher WC investment ▪ FCF
Slide 7: Summary
Summary ▪ Solid Order Bookings and healthy Order Backlog ▪ Continued focus on margin expansion and deployment of ABM ▪ Good activity levels across end-markets ▪ Integration of CFT acquisition (completed in late March 2021) on track ▪ Three acquisitions announced in Q2 – BLSG, NCC Automated Systems,
Slide 8: Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures Notice to reader: Non-IFRS measures and additional IFRS measures Throughout this presentation management uses certain non-IFRS measures to evaluate the performance of the Company. The terms “operating margin”, “EBITDA”, “adjusted net inc
Slide 9: Appendix: Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures (C$ mm) F2017 F2018 F2019 F2020 F2021 Q2 Q2 (C$) Q2 Q2 YTD YTD F2022 F2021 F2022 F2021 F2022 F2021 Adjusted EBITDA 111.7 133.3 161.9 195.1 200.7 83.3 49.6 Basic earnings per share 0.41 0.13 0.78 0.23 Restructuring charges 2.3 11.2 - 26.6
Slide 10: Appendix: Measures
Appendix: Reconciliation of Non-IFRS Measures to IFRS Measures (C$ mm) Q2 Q2 YTD YTD (C$ mm) F2017 F2018 F2019 F2020 F2021 Q2 F2022 F2021 F2022 F2021 F2022 Adjusted earnings from operations 70.7 40.1 136.1 69.8 Cash and cash equivalents 286.7 330.2 224.5 358.6 187.5 181.3 Restructuring charges - 8.1