Gms Group Co., Ltd. · TSE:544A
Gms — Investor Presentation (August 2018)
13 slides from Gms's investor presentation, Aug 8, 2018
Slide 1: Safe Harbor and Basis of Presentation
Safe Harbor and Basis of Presentation Forward-Looking Statement Safe Harbor - This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our
Slide 2: GMS at a Glance
GMS at a Glance GMS Overview PF Net Sales Breakdown (FY18) (2) Wallboard ~43% Ceilings ~13% Steel Framing ~15% Other ~29% ($ in millions, April FYE) #1 North American specialty distributor of interior construction products (1) Founded in 1971 Completed IPO on May 26, 2016 More than 245 branches acro
Slide 3: Leading Specialty Distributor Poised for Continued Growth
Leading Specialty Distributor Poised for Continued Growth 4 GMS has a demonstrated history of successful expansion through greenfields and acquisitions GMS has limited or no presence in just under 40% of the top 100 MSAs in the U.S. Growth opportunities in new Canadian geographies (Prairies, Quebec,
Slide 4: Titan Acquisition Creates Well-Balanced Platform Built for Growth
Titan Acquisition Creates Well-Balanced Platform Built for Growth in the United States and Canada Sales by Product (LTM) End Market Mix (LTM) Combined (2) Revenue (LTM) $2.5 billion $0.5 billion $3.0 billion Distribution Branches 216 30 246 Number of Employees 4,600 1,200 5,800 Based on financial in
Slide 5: Fiscal 2018 Pro Forma Summary
Fiscal 2018 Pro Forma Summary 6 ($ in millions, April FYE) Pro Forma Adjusted EBITDA (1) (2) (3) (4) Pro Forma Net Sales (1) ($ in millions, April FYE) Margin % 6.4% 6.7% 7.4% 8.1% 7.9% 10.7% Incremental Margin % 15.5% 8.7% 11.2% 10.9% 5.7% 16.5% For illustrative purpose only. Actual results may var
Slide 6: Capital Structure Pre and Post Titan Transaction
Capital Structure Pre and Post Titan Transaction Pre Titan transaction capital structure as of 4/30/18: Leverage of 2.8x Net Debt / LTM Pro Forma Adj. EBITDA Post Titan transaction capital structure as of 4/30/18: Pro Forma leverage of 4.1x Net Debt / LTM Pro Forma Adj. EBITDA Compares favorably to
Slide 7: Leading Specialty Distributor Poised for Continued Growth
Leading Specialty Distributor Poised for Continued Growth 8 Market Leader with Significant Scale Advantages – #1 North American Distributor of Wallboard and Ceilings Differentiated Service Model Drives Market Leadership Multiple Levers to Drive Market Leading Growth – Market Share, Greenfields, M&A,
Slide 8: Leading Specialty Distributor Poised for Continued Growth
Leading Specialty Distributor Poised for Continued Growth National Footprint Combined With Local Expertise Market Leader with Scale Advantages Market Leader with Significant Scale Advanta #1 North American Distributor of Wallboard and Ceilings Differentiated Service Model Drives Market Leadership Mu
Slide 9: LTM Net Income to Pro Forma Adjusted EBITDA Including WSB Titan
LTM Net Income to Pro Forma Adjusted EBITDA Including WSB Titan Pro Forma Adjusted EBITDA Reconciliation Commentary 10 Note: Titan figures converted at CAD/USD average monthly exchange rate of 0.7816. For illustrative purpose only. Actual results may vary. Not prepared in accordance with Regulation
Slide 10: LTM Net Income to Pro Forma Adjusted EBITDA
LTM Net Income to Pro Forma Adjusted EBITDA Pro Forma Adjusted EBITDA Reconciliation Commentary 11 Represents non-cash compensation expenses related to stock appreciation rights agreements Represents non-cash compensation expense related to changes in the fair values of noncontrolling interests Repr
Slide 11: Net Income to Adjusted EBITDA
Net Income to Adjusted EBITDA Adjusted EBITDA Reconciliation Commentary Represents compensation paid to certain executives who were majority owners prior to the AEA acquisition of GMS. Following the acquisition, these executives’ compensation agreements were amended and, going forward, GMS does not
Slide 12: Net Income to Adjusted EBITDA
Net Income to Adjusted EBITDA Adjusted EBITDA Reconciliation (Sin 00s) (Unaudited) 30s 208) 2013 2012 Net income (10) $11,697) S@19;814) (182.627) 5 (7.830) Income tax expense (benefit) 2) MS 288 ‘iscountinued operations, netof tax : - + Ga Interest income cio) m2) 7988S) Interest expense 43% 7180S
Slide 13: j) st & ., mi Watson iatece hi Us
j) st & ., mi Watson iatece hi Us