GMS Investor Presentation Deck
GMS is Well Positioned across Commercial and Residential
Markets with Scale and Balanced Product Mix
Strategic Investments Position GMS for Near-Term Industry Dynamics & Long-Term Success
Opened 32 greenfield locations and completed 15 strategic acquisitions* since the start of fiscal 2020 to
enhance customer service, drive growth in product offerings and improve efficiencies, all while reducing
our net debt leverage ratio from 3.6x at April 30, 2019 to 1.4x at April 30, 2023
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Continuing to modernize and upgrade fleet, adding safety features to protect employees and customers
and for risk management benefits
Technology investments to automate work has led to increased productivity, making us better operators
Lowering complexity costs in the business
Industry Fundamentals Support Outlook
Continue to see near-term high levels of multi-family residential activity
While varying by region, we expect single-family demand levels to continue to improve from lows
experienced over the last ~8-12 months. We expect continued near-term YOY declines as we roll over
challenging comparisons, but we also expect those to improve over the balance of the fiscal year as our
current run rates and comments from some large builders continue to provide encouraging signs for the
single-family end market.
Year-over-year improvement in commercial construction activity expected in near-term
Favorable demographics in an underbuilt industry provides support for the medium- to long-term
GMS
GYPSUM MANAGEMENT & SUPPLY, INC.
*Greenfield and acquisition totals are calculated since the start of fiscal 2020 through April 30, 2023. Therefore, excluded from these totals is the acquisition of Jawl Lumber
Corporation on Vancouver Island, which was completed just after the end of fiscal 2023.
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