Investor Presentation November 2023
We Have Consistently Created Value for Our Shareholders
Organic Earnings Growth (+)
•
Average annual organic revenue growth (1) of ~16%
since Montrose's IPO in 2020
⚫ Revenue synergies catalyze cross-selling (2)
success by creating environmental value for
clients, accounting for 35% of revenues in 2022
• Positioned to continue strong organic growth
given industry tailwinds, differentiated IP and
software
• Successful investments in R&D have furthered
organic growth opportunities and increased
barriers to entry
Strategically Additive Acquisitions (+)
.
.
Acquisitions represent a core part of growth
strategy within highly fragmented
environmental industry
- Environmental services industry comprised of
thousands of firms
Strategic acquisitions purchased at an average
of mid-to-high single-digit multiples to-date can
generate significant shareholder value over time
• Positioned to acquire an expected $10-15 million
of annualized EBITDA per year at attractive
values
1) Excludes discontinued service lines, which generated revenues of $17.1 million in 2020, $12.1 million in 2021, and $3.6 million in 2022. See the appendix for a discussion of how we calculate organic growth.
2) Cross-selling activity defined as the percentage of total revenue from customers purchasing two or more Montrose services (other than those provided by CTEH) within the same fiscal year.
© 2023 Montrose Environmental Group, Inc. Proprietary. | 9View entire presentation