Tecnoglass (TGLS) Investor Presentation slide image

Tecnoglass (TGLS) Investor Presentation

$ millions 1 Demonstrated History of Converting Backlog to Revenue Backlog by End Market 33% $776m March'23 67% ■Multifamily / Residential Related ■Commercial Backlog primarily consist of residential related projects which were less impacted by COVID-19 Solid single-family residential growth trajectory not fully captured in backlog given shorter term "spot" duration of projects Backlog of $776.3 mm, up ~19.2% YoY, representing ~1.7x LTM multi family and commercial revenues U.S. backlog of $739 mm, representing 95% of total backlog, led by increased geographical diversification and strong activity in the Southeast U.S., our strongest region, currently outperforming most of the country Historically, 62.7% of Revenue in the backlog rolls off within 12 months and 95.6% of the backlog rolls off within 18 months Virtually no project cancellations historically given late-stage installation of windows during construction process Backlog to Revenue Conversion 108% 106% 104% 98% 100% 102% 104% 95% 96% 92% 93% 93% 90% 87% 86% 88% 88% 89% 69% 73% 72% 71% 66% 70% 677 66% 60% 59% 61% 58% 56% 59% 60% 58% 63% 725 55% 57% 697 52% 668 651 576 585 501 497 506 515 518 525 532 542 546 550 536 545 552 559 Q1 '18 Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1'20 Q2 '20 Q3 '20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Note: Excludes Single-family Residential Total Backlog Revenue Next 12M as % of Backlog Revenue Next 18M as % of Backlog 8
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