Slide 1: August 2023 Investor Presentation
August 2023 Investor Presentation August 22, 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
Mattr is a Growth-Oriented Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure $1.4B 2023 Q2 TTM Annual Revenue 4,000+ Employees Worldwide Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure Asia Pacific Global Reac
Slide 4: Mattr Businesses and ESG Performance to Date
Mattr is a Growth-Oriented Materials Technology Company Enabling Renewal & Expansion of Critical Infrastructure Top 2 Provider in Every Target Market Focused on responsible operations ESG Performance to Date BUSINESSES Scope 1&2 GHG Emissions 2030 Composite Connection Pipeline & 100000 80000 32% 50%
Slide 5: High-Value Materials Based Technology Offerings
Expertise in extrusion High-Value Materials technology and complex manufacturing Based Technology Offerings The Company has entered into a definitive agreement 17% Growth in Revenue1 16% Growth in Revenue1 with Tenaris to sell a substantial portion of 61% Growth in Adj. EBITDA1 24% Growth in Adj. EB
Slide 6: Supportive Fundamentals Positioned to Benefit from Macro Themes
Supportive Fundamentals Positioned to Benefit from Macro Themes Aging Population Resource Climate Infrastructure Movement Scarcity Change Replacements needed for New infrastructure needed Infrastructure needed for High quality, lower CO2 footprint infrastructure at end of life to support population
Slide 7: Prioritizing Higher Growth with Higher EBITDA Margins
Prioritizing Higher Growth (C$ mm) Revenue and Adj. EBITDA with Higher EBITDA Margins $2,000 $1,489 $1,446 $1,500 $1,255 $1,178 $1,143 $1,000 Adj. EBITDA Margin $500 $221 25% $135 $79 $112 $152 $0 2019 2020 2021 2022 Q2-2023 20% 15.3% Revenue Adj. EBITDA TTM 15% 12.1% 9.1% 9.8% 10% 6.7% • Focused gr
Slide 8: Backlog, Bid & Budgetary
Backlog, Bid Q2 2023 & Budgetary $177 Q1 2023 $84 12-month Backlog dropped 12% as offshore $1,309 pipeline coating project activity accelerates & backlog $1,157 < 12 months < 12 months associated with divested SPS business is removed. > 12 months > 12 months Majority of backlog is attributed to the
Slide 9: 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 $207M Proceeds already realized from strategic actions completed adjusted Or
Slide 10: Technology as a Driver for Business Growth
Technology as a Driver for Business Growth Expanding our Our industry-leading materials portfolio to offer: HydrochainTM technology advantage draws on More complete A complete system of composite based deep partnerships with researchers, solutions treatment, collection, infiltration and conveyance t
Slide 11: Simple Capital Structure & Growth Oriented Capital Allocation
Simple Capital Structure & Growth Oriented Capital Allocation Near-term focus (C$ mm) 3.15x 3.69x Maintain Net-debt-to-Adjusted Prioritize high return organic growth opportunities $180 1.98x EBITDA below 1.5x with appropriate CAPEX and working capital 1.5x $525 $506 0.54x 0.04x (C$ mm) $426 Expect n
Slide 12: 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 13: 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 Vaughan, ON, Canada Wire & Cable Manufacturing anticipated in 2024 to complete Expected Start-up: Late ’24 Additional sites with initial equipment pop
Slide 14: 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 15: 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 16: 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 17: 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: Q2 - 2023 Q3 - 2023 Composite Technologies ~$8M in Corporate Costs re-allocated Composite Technologies to continuing operations Connection Technologies C
Slide 18: Thank you.
@ = Thank you. Infrastructure Technologies