Tecnoglass (TGLS) Investor Presentation
3 Strong Balance Sheet and Leverage Profile To Execute Growth
Liquidity of $300 million, including cash of $128.5 million and $170 million available under committed revolver
and other working capital lines
1 High Return Strategic Capex
Capital Allocation Priorities
■ Growth capital investments include automation projects, additional
production lines and facility footprint expansion to address ongoing
geographic and end market expansion
■ 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, $83.2 million in 2022 and $20.3 million
in Q1 2023
Installed vs. Utilized Capacity
2
3
4
Dividend Payments
■In March 2023 the Company declared a quarterly cash
dividend of $0.09 per share, representing a 20% increase from
previous dividend payments
Share Repurchase Program
■ Board of Directors authorized program to buy up to $50
million of the Company's common stock
Debt Repayment
Voluntarily prepaid $32 million resulting in all-time low net
debt / LTM Adj. EBITDA (¹) and no significant debt maturities
until the end of 2026
Improved Leverage
Notes:
1.
($ in Millions)
($ in Millions)
259.8
90%
800
950
242.3
224.3
224.5
72%
66%
600
61%
74%
199.1
717
670
3.0x
2.6x
169.5
169.9
615
560
2.3x
497
431
1.6x
371
377
0.8x
0.2x¦
| 0.1x¦
2018
2019
2020
2021
2022
2023 E
FY'17
FY'18
FY'19
FY 20
FY'21
FY'22
LTM Q1'23
Installed Capacity
Utilized Capacity
% Utilized
■Total Debt
Net Debt/Adjusted EBITDA
Adjusted EBITDA excludes non-recurring and non-cash expenses mainly associated with non-cash foreign exchange transaction gains or losses, non-recurring professional fees and other non-core items,
and include the proportional contribution of the Company's joint venture with Saint-Gobain.
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