Q3 2022 Earnings Presentation
1 Construction Volume in Key End Markets Expected to Grow
Vast Market Opportunity
U.S. Architectural Glass Market Mix
37%
$32.1BN
52%
At Q3'22
11%
■Building and construction glass
■Sheet Metal, Window & Door
■ Glass & Glazing Contractors
I
U.S. Market Size: $32.1bn
TGLS U.S. Share: Top-5
✓ Construction spending grew 10.9% YoY:(2)
$1.6 bn
$1.8 bn
Annual Rate
September'21
Annual Rate
September'22
Expected healthy industry growth in nonresidential construction on
strong economic recovery and high demand in office spaces,
commercial projects and institutional buildings
Repair & Remodel Exposure
Q3'22
ABI (1) score for September at 51.7, the 20th consecutive month in
expansion territory
All regions continue to show a positive trend, with the highest reading
in the Northeast at 54.6 (1), where we are currently focusing our
efforts through new representatives and a new showroom in New
York
Stable market outlook through 2023 as private nonresidential and
residential construction drives further demand for glass products
65%
Total SF
Residential
Revenue
$85.8 mm
35%
R&R
New Residential
Slowdown in housing starts as mortgage rates continue to rise.
However, approximately 65% of our single-family revenues are tied
to remodel and renovation projects that are not highly sensitive to
mortgage rate fluctuations
Sources:
1.
2.
The American Institute of Architects (AIA) reported the Architecture Billing Index September, 2022.
U.S. Census BureauView entire presentation