Atlas Critical Minerals Corporation · NASDAQ:ATCX
Atlas Critical Minerals — Atlas Technical Consultants — Q1 2021 Earnings Presentation
17 slides from Atlas Critical Minerals's earnings presentation, May 17, 2021
Slide 1: First Quarter 2021 Earnings Presentation
FIRST QUARTER 2021 EARNINGS PRESENTATION May 17 , 2021
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 2
Slide 3: Agenda
3 AGENDA Business Overview L. Joe Boyer Chief Executive Officer Financial Overview & Outlook David Quinn Chief Financial Officer
Slide 4: Essential Provider of Mission Critical Services: Atlas Overview
ESSENTIAL PROVIDER OF MISSION CRITICAL SERVICES ATLAS OVERVIEW LAST 12 MONTHS $482M Gross Revenue 1 16.4% Adj. EBITDA Margin 1,2 $689M Backlog A LEADING NATIONAL TECHNICAL SERVICES PLATFORM Specialized provider of testing, inspection, environmental and engineering services to support and maintain cr
Slide 5: Q1 2021 Highlights
• Gross revenues up 12.8% YoY, driven by strong organic growth 1 of 6.0% and contributions from M&A • Net revenue 2 increased 12.3% YoY, reflecting the continued increase of self - performance and cross - selling while reducing reliance on third party providers • Adj. EBITDA 2 at 14.3% of net revenu
Slide 6: Service Line & End Market Update
SERVICE LINE & END MARKET UPDATE 1. Net Revenue is not a financial measure determined in accordance with GAAP. For a definition of Net Revenue and a reconciliati on to our most directly comparable financial measure calculated and presented in accordance with GAAP, please see the Appendix included he
Slide 7: Q1 2021 Backlog $689M
Q1 2021 BACKLOG $689M Building strong pipeline of work, providing favorable trajectory for 2021 Southeast Strong wins in Environmental, Program, Construction & Quality Management, and Testing, Inspection & Certification: • $30M – Remediation Services MSA for Petroleum Client (ENV) • $10M – Maintenan
Slide 8: Federal Infrastructure Bill
FEDERAL INFRASTRUCTURE BILL Atlas is well - positioned to capitalize on the proposed Federal Infrastructure Bill 8 Atlas has identified $1.0T+ of proposed investments in the Federal Infrastructure Bill that would positively impact its service lines and end markets $211B $449B $378B ~$900B Water & Ut
Slide 9: Strategic Growth Trajectory
2016 1 $228M 2017 $278M 1 2018 $426M 2019 $471M 1 2020 $468M 2021 ~$530M 3 STRATEGIC GROWTH TRAJECTORY Proven execution of growth plan through organic and M&A means Revenue CAGR ~20% 2016 - 2020 Gross Revenue 2 1 2016 Includes ATC as the accounting predecessor. 2017 includes partial year impact of a
Slide 10: M&A Integration Success
Long and Atlas operations and sales teams working seamlessly together Long has been transitioned to Atlas payroll and benefits Atlas Health & Safety Management program is in place M&A INTEGRATION SUCCESS Long Engineering Integration Accelerating Growth Through Cross - Selling Synergies 10 • Accelera
Slide 11: First Quarter Financial Highlights
FIRST QUARTER FINANCIAL HIGHLIGHTS Resilient business model continues delivering strong results (Dollars in Millions) 1. Adjusted EBITDA, Net Revenue, Adjusted Net Income, and Adjusted EPS are not financial measures determined in accordance with GAAP. For a definition of these metrics and a reconcil
Slide 12: Recapitalized Balance Sheet in February 2021
88% 12% Class A Shares: 31.7M Class B Shares: 4.3M 12 RECAPITALIZED BALANCE SHEET IN FEBRUARY 2021 Executing on previously communicated capital structure optimization efforts Transformed and Simplified Capital Structure Transaction Summary Debt & Preferred Equity Units 12/31/2020 4/2/2021 Prior Term
Slide 13: Raising Full Year 2021 Outlook
RAISING FULL YEAR 2021 OUTLOOK Strong client base and resilient and scalable business model supports full year outlook 1. Adjusted EBITDA and Net Revenue are not financial measures determined in accordance with GAAP. For a definition of Adjusted E BIT DA and Net Revenue and a reconciliation to our m
Slide 14: Summary
Executing on accretive M&A, integration efforts, cross - selling initiatives and key project wins Transformative quarter for Atlas, with solid execution and multiple key strategic accomplishments Delivered solid Q1 2021 results, with strong organic growth and contributions from recent M&A, resulting
Slide 15: Appendix
APPENDIX 15
Slide 16: Reconciliation: Net Income to Adj. EBITDA and LTM Revenue
RECONCILIATION Net Income to Adj. EBITDA and LTM Revenue 16 Reconciliation Revenues LTM Q1 2021 Gross Revenues Reimburseable Expenses Net Revenues Year ended December 31, 2020 468,217$ (86,811)$ 381,406$ Less: Quarter ended March 31, 2020 (109,302) (18,802) (90,500) Plus: Quarter ended April 2, 2021
Slide 17: Reconciliation: Net Income & EPS to Adj. Net Income and Adj. EPS
RECONCILIATION Net Income & EPS to Adj. Net Income and Adj. EPS 17 ATLAS TECHNICAL CONSULTANTS, INC. AND SUBSIDIARIES Reconciliation of net loss attributable to Class A common stockholders to adjusted net income attributable to Class A common stockholders Amounts in thousands, except per share data
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