Q3 2022 Earnings Presentation slide image

Q3 2022 Earnings Presentation

Q3 2022 Key Takeaways All around record results in Q3'22 revenues, gross profit, operating income, net income, Adj. EBITDA, and Adj. Net Income Q3'22 revenue growth entirely organic, up 53% to $201.8 mm led by strong U.S. residential and commercial activity Continued rapid growth in the U.S. single-family residential, with Q3'22 sales up 44.3% to $85.8 mm, through dealership expansion, geographic diversification and innovative products. Accelerated recovery in multi-family and commercial construction, up 61% YoY Gross profit increased 104% to $105.3 mm, with gross margin of 52.2%, attributable to operating leverage, favorable pricing and inventory efficiencies ✓ Adj. EBITDA of $78.5 mm, up 104.0% YoY, with margins up 970 bps to 38.9% ✓ Adjusted net income increased 125.9% to $48.0 mm, or $1.01 per diluted share Substantial cash generation with operating cash flow of $29.1 mm driven by higher profitability YoY and enhanced working capital management Continued deleveraging, with net debt / LTM adj. EBITDA at record low 0.4x Record backlog of $696.9 mm, up ~21% YoY, representing ~1.9x LTM multi family and commercial revenues Sales By Geography 4% Total Revenues Q3'22 ■ U.S. LatAm/Other 96% U.S. End Market Mix 57% Total U.S. Revenues Q3'22 43% SF Residential Gross Margin ■Multi-Family/ Commercial 52.2% Adj. EBITDA¹ Margin Operating Cash Flow Net Leverage 38.9% $29.1 mm 0.4x Notes: 1. Adjusted EBITDA excludes non-recurring and non-cash expenses mainly associated with our bond issuance and respective extinguishment of former debt, withholding taxes associated with payments to bondholders, acquisition related costs and other non-recurring items 13
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