Chubb Acquisition
The Path Forward
Strong Margin and Cash Flow Profile with Clear Path to Margin Expansion
Deliver long-term organic revenue
growth above industry average
1
ΟΟΔ
00⭑
⭑OA
+
Improve
Mix
Grow inspection revenue
by 10%+ annually
KEY FINANCIAL TARGETS
Expand adjusted
EBITDA margin to
13% +
BY YE 2025
Maintain average adjusted
free cash flow conversion of
Long-term net
leverage ratio of
-80%
2.0x-2.5x
ILLUSTRATIVE PATH TO ADJUSTED EBITDA MARGIN EXPANSION
2
3
4
24 BUILDING GREAT LEADERS®
Disciplined Project
and Customer Selection
Improve contract loss rate
+
+
Pricing
Opportunities
Strategic M&A Synergies
Leverage
SG&A/COGS
Procurement
Shared services
=
Operational
Excellence
Just be better
5
Adjusted EBITDA Margin
Expansion Opportunity
API
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