Q3 2022 Earnings Presentation
3
Strong Balance Sheet and Leverage Profile To Execute Growth
Liquidity of $254 million, including cash of $84.4 million and $170 million available under committed revolver and
other working capital lines
Capital Allocation Priorities
1 High Return Strategic Capex
■ Growth capital investments include automation projects, additional
production lines and facility footprint expansion to address ongoing
geographic and end market expansion
Notes:
1.
■ Facility investments expected to increase operational capacity to
approximately $950 million in annualized revenues by the end of the
second quarter of 2023
Operational expansion supported by continued backlog strength,
single-family residential penetration and growing portfolio of
innovative products
■ Invested $53.4 million in 2021 and $51.3 million through Q3 2022
2
Share Repurchase Program
3
4
■ Board of Directors authorized program to buy up to $50
million of the Company's common stock
Dividend Payments
■ In august 2022 the Company declared a quarterly cash
dividend of $0.075 per share, representing a 15% increase
from previous dividend payments
Debt Repayment
Voluntarily prepaid $32 million resulting in all-time low net
debt / LTM adj. EBITDA (¹) and no significant debt maturities
until the end of 2026
Improved Leverage
Installed vs. Utilized Capacity
950
($ in Millions)
86%
800
($ in Millions)
259.8
242.3
74%
72%
224.3
224.5
690
66%
61%
670
199.1
600
615
¦ 3.0x ¦
560
168.7
431
371
497
377
2.6x
2.3x
1.6x
2018
2019
2020
Installed Capacity
2021
Utilized Capacity
2022 E
2023 E
FY'17
FY'18
FY'19
% Utilized
■Total Debt
¦0.8x¦
0.4x
FY'21
LTM Q3'22
FY'20
Net Debt/Adjusted EBITDA
Adjusted EBITDA excludes non-recurring and non-cash expenses mainly associated with our bond issuance and respective extinguishment of former debt, acquisition related costs and other non-recurring itemsView entire presentation