Vertex Leadership Team and Corporate Outlook
Financials
Financial Summary
Secured Backlog
2
(C$ 000's) Years Ended
Consensus
December 31,
2017
FY 2018
2018
2019
Oilsands
6%
Gov't/Ag/Commercial
14%
Revenue
118,419
150,385
146,050
Cost of Sales
86,113
109,892
106,550
Gross Profit
32,302
40,493
39,500
Gross Profit Margin
27%
27%
SG&A
16,776
Other
19,884
194
27%
18,950
Oil & Gas
45%
Utility/Telecom/Midstream
35%
Adjusted EBITDA
15,527
20,609
20,550
(before other expenses)
Adjusted EBITDA %
13%
14%
14%
Total Assets
144,156
184,821
Total Debt
62,160
87,605
83,300
2019 $121 Million
Total Equity
59,773
65,695
2020 $48 Million
Net Capex
2,401
3,994
2021 $17 Million
Acquisitions (net assets)
16,980
22,895
13
1. Adjustments relate to items that are not ongoing, are non-recurring, are exceptions to our normal operations and do not form part of our principal business. Overall adjustments relate to non-
recurring bonus interest, losses or gains on disposal of assets, acquisition costs, impairments, onerous leases and severance costs, SBC.
2. Based on average analyst consensus January 2019.
V=
VERTEXView entire presentation