Tecnoglass (TGLS) Investor Presentation
Improved 2023 Double-Digit Growth Outlook
■ Expected revenue growth led by continued geographical
expansion and market share gains into single-family
residential, coupled with stronger momentum from multi-
family and commercial backlog
■ Adjusted EBITDA outlook incorporates expectation for full
year gross margin to be in the 50% range, mainly
attributable to strong operating leverage, structural
advantages, vertically integrated operations, and favorable
pricing and revenue mix
■ Strong invoicing continuing into Q2'23 on the back of
March which represented the highest revenue month in
the Company's history. Outlook continues to incorporate a
more leveled approached on the single-family residential
segment outlook
Expect cash flow from operations to trend down in Q2'23
and Q3'23 given timing of tax payments in U.S. &
Colombia. Capex expected to trend down after Q3'23
given the finalization of several growth capex initiatives
Revenue
$810-$850 MM
+13-19% YoY
Adj. EBITDA
$315-$335 MM
+19-26% YoY
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