Dexterra Group, Inc. · TSX:DXT
Dexterra — Q3 2022 Earnings Presentation
19 slides from Dexterra's earnings presentation, Nov 9, 2022
Slide 1: Q3 2022 Results Analyst & Investor Call
Q3 2022 Results Analyst & Investor Call November 9, 2022
Slide 2: Cautionary Statement
Cautionary Statement In this presentation, all amounts are in Canadian dollars, unless otherwise indicated. Any graphs, tables or other information in this presentation demonstrating the historical performance of Dexterra Group Inc. (“Dexterra Group”) or of any of its business units contained in thi
Slide 3: Bill McFarland, Board of Directors Chair
Bill McFarland Board of Directors Chair 3
Slide 4: John MacCuish, Chief Executive Officer
John MacCuish Chief Executive Officer 4
Slide 5: Q3 2022 Dexterra Group Progress
Q3 2022 Dexterra Group Progress Revenue Trend: 259.8 ◦ Q3 revenue $260M and Adjusted EBITDA $20.1M 200.0 233.9 Millions ($M) 202.8 100.0 ◦ Revenue boost through Q1 IFM acquisitions and growth across company — Q3 2022 Q2 2022 Q3 2021 ◦ Continued high activity levels in Energy and Natural Revenue Reso
Slide 6: Integrated Facilities Management
Integrated Facilities Management A growing Support Services business with an expanding footprint and diversified client base Revenue by End-Market - 2022 YTD ◦ IFM revenue increased from $39M to $71M Aviation & Rail 18% ◦ New IFM President Sanjay Gomes Others 12% ◦ Q1 acquisitions: ◦ Seasonality to
Slide 7: Workforce Accommodations, Forestry, Energy Services
Workforce Accommodations, Forestry, Energy Services A strong business with a natural resource foundation Revenue by service type - 2022 YTD ◦ WAFES Q3 revenue grew to $133M Support Services 47% ◦ Strong camp occupancy and asset utilization Asset-Based Services 53% ◦ Strong results for Energy Service
Slide 8: Modular Solutions
Modular Solutions A developing manufacturing & services business positioned for growth Revenue by End-Market - 2022 YTD ◦ Modular Q3 revenue grew to $55M U.S. Market 15% ◦ New Modular President Robert Johnston Affordable/Social 58% ◦ Diversification into U.S. supply-only market continues Industrial
Slide 9: Drew Knight, Chief Financial Officer
Drew Knight Chief Financial Officer 9
Slide 10: Q3 2022 Results: Revenue and Adjusted EBITDA
Q3 2022 Results Q3 IFM Q3 WAFES Q3 MODULAR SOLUTIONS 100.0 150.0 20.0% 10.0% 132.6 54.5 12.5% 118.7 119.1 6.2% 125.0 Revenue and Adjusted EBITDA ($M) Revenue and Adjusted EBITDA ($M) 49.6 Revenue and Adjusted EBITDA ($M) 80.0 45.1 17.5% 5.0% 71.4 17.6% 10.0% 100.0 65.2 1.6% 60.0 8.0% 75.0 15.7% 15.0
Slide 11: Financial Leverage & Liquidity
Financial Leverage & Liquidity Leverage 3.5 2.9 3.0 ◦ Financial position and liquidity strong 2.5 ◦ Working Capital management positive impact 2.0 1.7 1.7 1.6 1.5 1.5 ◦ Conversion of EBITDA to Free Cash Flow to 1.0 1.0 0.9 0.9 0.9 1.0 exceed 50% 0.5 May Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 29, 2020 2021 2021
Slide 12: John MacCuish, Chief Executive Officer
John MacCuish Chief Executive Officer 12
Slide 13: Path Forward
Path Forward Integrated Facilities Management: ◦ Organic profitable growth & margin improvement ◦ Active M&A program Our Ongoing Focus WAFES: • National Support Services ◦ Natural resource activity levels are high Champion ◦ Kitimat camp occupancy delayed • Customer focused • Capital Light Modular:
Slide 14: Question & Answer Period
Question & Answer Period Questions (?) Po
Slide 15: APPENDIX I - Supporting Charts
APPENDIX I - Supporting Charts 15
Slide 16: Revenue Reconciliation vs Q3 2021
Appendix I Revenue Reconciliation vs Q3 2021 Consolidated Revenue (in millions) 300.0 9.5 1.2 259.8 14.0 250.0 32.3 202.8 200.0 150.0 100.0 50.0 — Q3 2021 IFM WAFES Modular Solutions Corporate Q3 2022 16
Slide 17: Adjusted EBITDA vs Q3 2021
Appendix I Adjusted EBITDA vs Q3 2021 Consolidated EBITDA (in millions) 25.0 22.4 (0.3) (0.04) 20.1 20.0 (1.9) (0.04) 15.0 10.0 5.0 — Q3 2021 IFM WAFES Modular Solutions Corporate and Inter- Q3 2022 segment eliminations 17
Slide 18: Revenue Reconciliation vs Q2 2022
Appendix I Revenue Reconciliation vs Q2 2022 Consolidated Revenue (in millions) 300.0 4.9 1.2 259.8 13.5 250.0 6.3 233.9 200.0 150.0 100.0 50.0 0.0 Q2 2022 IFM WAFES Modular Solutions Corporate Q3 2022 18
Slide 19: Adjusted EBITDA vs Q2 2022
Appendix I Adjusted EBITDA vs Q2 2022 Consolidated EBITDA (in millions) 25.0 3.9 20.1 20.0 (0.9) 4.6 15.0 13.6 (1.2) 10.0 5.0 0.0 Q2 2022 IFM WAFES Modular Solutions Corporate and Inter- Q3 2022 segment eliminations 19