Q3 2022 Earnings Presentation slide image

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 items
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