Atlas Critical Minerals Corporation · NASDAQ:ATCX
Atlas Critical Minerals — Atlas Technical Consultants — Q1 2020 Earnings Presentation
13 slides from Atlas Critical Minerals's earnings presentation, May 11, 2020
Slide 1: First Quarter 2020 Earnings Presentation
FIRST QUARTER 2020 EARNINGS PRESENTATION MAY 11, 2020
Slide 2: Forward-looking statements
The statements contained in this presentation that are not purely historical are forward - looking statements. Our forward - looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the futu
Slide 3: Agenda
3 AGENDA Business Overview L. Joe Boyer Chief Executive Officer Financial Overview Walter Powell Chief Financial Officer Outlook David Quinn Executive Vice President
Slide 4: A Leading National Technical Services Platform
A LEADING NATIONAL TECHNICAL SERVICES PLATFORM Specialized provider of testing, inspection and engineering services to support and maintain critical infrastructure TESTING, INSPECTION & CONSULTING ESSENTIAL PROVIDER OF MISSION CRITICAL SERVICES HIGH QUALITY CUSTOMER AND WORK MIX ATLAS OVERVIEW 4 $47
Slide 5: COVID-19 Update
Operating safely and responsibly; Working remote, social distancing, providing protective gear and adapting all best practices to protect our people No cancelled projects and still winning projects nationally; Government - based work progressing while some private sector projects delayed Aligning hi
Slide 6: Current Market Landscape
CURRENT MARKET LANDSCAPE Non - discretionary and government - based work not materially impacted by COVID - 19 Government - Based Work ~50% No Material Impact: Government - based work largely stable with upside potential from federal stimulus on infrastructure Key End Markets: • Infrastructure • Tra
Slide 7: Resilient Business Model
RESILIENT BUSINESS MODEL Purpose - Built National Platform To Succeed in All Economic Cycles Fully - funded backlog provides multi - year view of work pipeline Government - based work grows steadily throughout cycles Geographic exposure to well - funded regions in the U.S. Testing and inspection wor
Slide 8: Financial Highlights: Strong Results to Start the Year
FINANCIAL HIGHLIGHTS Strong Results to Start the Year $105.6 $109.3 Gross Revenue Q1 2019 Q1 2020 3.5% Increase $ 85.8 $ 90.5 Net Revenue Q1 2019 Q1 2020 $10.9 $12.9 Adjusted EBITDA Q1 2019 Q1 2020 18.6% Increase $ 575 $607 Backlog Q1 2019 Q1 2020 5.5% Increase 5.6% Increase (Dollars in Millions) 8
Slide 9: Balance Sheet and Liquidity
2020 2021 2022 2023 2024 2025 2026 No Significant Maturities Until 2025 Term Loan Revolver $14 $14 $14 $14 $54 $235 $11 $19M 3.3x Cash Net Leverage 2 Covenant Threshold <5.5x 1 Adjusted operating cash flow excludes 14.7 million of one - time cash expenses incurred to complete the business combinatio
Slide 10: Outlook Update
OUTLOOK UPDATE Strong Underlying Fundamentals and Growing Backlog Support Long - Term Trajectory OUTLOOK UPDATE BACKLOG 2016 $435M Q1 2020 $607M Building strong pipeline of work, providing favorable trajectory as economies reopen 10 • Withdrawing prior 2020 outlook issued before COVID - 19 • Shelter
Slide 11: Summary
Dependable government - based work diluting unfavorable impact of private sector work disruptions; Federal stimulus funding for infrastructure provides upside Strong underlying fundamentals with fully - funded backlog of $607 million and no cancelled projects; Private sector work delays showing earl
Slide 12: Appendix
APPENDIX 12
Slide 13: Reconciliation of Revenues and Net Income to Adjusted EBITDA
Reconciliation Revenues LTM Q1 2020 Gross Revenues Reimburseable Expenses Net Revenues Year ended December 31, 2019 471,047$ (93,265)$ 377,782$ Less: Quarter ended March 31, 2019 (105,611) (19,817) (85,794) Plus: Quarter ended March 31, 2020 109,302 (18,802) 90,500 LTM Q1 2020 474,738$ (92,250)$ 382
Atlas Technical Consultants — Q1 2020 Earnings Presentation on 6ix