Black Diamond Group Limited · TSX:BDI
Black Diamond — Q3 2015 Earnings Presentation
11 slides from Black Diamond's earnings presentation, November 2015
Slide 1: 2015 Third Quarter Operational Highlights
2015 Third Quarter Operational Highlights Trevor Haynes (CEO) and Mike Lambert (CFO) Investor Relations | tmcmillan@blackdiamondgroup.com | 403-718-0948
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements. The use of the words “anticipate”, “continue”, “estimate, “expect”, “will”, “project”, “should”, “believe”, “intend” and similar expressions identify forward-looking statements. These statements involve known and unkno
Slide 3: Third Quarter 2015 Highlights
Third Quarter 2015 Highlights $59.4 million - down 30% year-over-year due to lower Revenue utilization Adjusted $19.2 million - down 44% year over year EBITDA $8.0 million on gain from sale of Construction Services to Profit Northern Frontier As at September 30, 2015 Black Diamond’s capital expendit
Slide 4: Structures Utilization
Structures Utilization Workforce Accommodation 4000 100% 3000 80% • 55% utilization compared 2000 60% with 81% last year 1000 40% 20% • Due to low oil pricing 0 0% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 • Low visibility going forward 2013 2014 2014 2014 2014 2015 2015 2015 Units Utilization Space Rentals 4000 100%
Slide 5: Q3 2015 Adjusted EBITDA $19.2 Million
Q3 2015 Adjusted EBITDA $19.2 Million Divisional Highlights Adjusted EBITDA Waterfall Structures 2015 Q3 vs 2014 Q3 • Lower EBITDA attributed to reduced revenue due to lower utilization 40.0 and rate concessions on contract renewals 35.0 Logistics EBITDA ($ millions) • Decreases in occupancy levels
Slide 6: Quarterly Review
Quarterly Review For the three months ended For the nine months ended Financial Highlights (in millions of dollars except per share amounts and ratios) Sept 30, Sept 30, Sept 30, Sept 30, % Change % Change 2015 2014 2015 2014 Profit (loss) 8.0 11.2 (29%) 16.2 38.7 (58%) Earnings per share (basic) $0
Slide 7: Dividend Reduction
Dividend Reduction Yearly EBITDA vs. Cash Outflows YTD EBITDA vs. Cash Outflows 200 200 27 Monthly Dividend 180 180 has been reduced 160 160 39 from 141 140 140 140 35 8 cents/share 120 100 20 112 120 100 94 164 80 87 120 30 80 12 73 To 60 17 96 60 68 13 95 40 9 49 40 34 34 42 50 20 19 20 5 cents/sh
Slide 8: Contracts Outstanding
Contracts Outstanding Contracted Future Revenue As at (in millions of dollars) Sept 30, 2015 Sept 30, 2014 % Change Structures $76.5 $97 (21%) Logistics $12.8 $42.3 (70%) Energy Services $2.4 $3.6 (33%) International $2.2 $2.7 (19%) Total $93.9 $145.6 (36%) Weighted Average Contract Term As at Outst
Slide 9: Corporate Reorganization
Corporate Reorganization Groups related businesses to increase effectiveness, increase efficiency and streamline operations 9
Slide 10: 2016 Capital Plan - $25 Million
2016 Capital Plan - $25 Million Primarily BOXX Modular Primary regions of focus • Southern United States • Ontario Breakdown: $22M Growth Capital $3M Maintenance Capital $25 Million (Does not contemplate LNG) Focus on diversification - Generally non-speculative 10
Slide 11: Thank You!
BLACK DIAMOND GROUP THANK YOU!