GMS Investor Conference Presentation Deck
Attractive Capital Structure Supports Strategic Priorities
$6.6M
Q124 Cash
from
Operations
Improved
$11M
($6.9M)
Q124 Use of
Free Cash
Flow¹
Substantial Liquidity
$81.4 million of cash on hand and
$816.2 million available under our
revolving credit facility.
Increased Share
Repurchase Activity
GMS
GYPSUM MANAGEMENT & SUPPLY, INC.
Repurchased approximately 469
thousand shares for $30.5 million
during Q1 FY24; $69.6 million of
repurchase authorization remaining
Improved
$8M
Debt/Lease Payments
Capital Expenditures
15%
14%
3-Year
Historical
Use of Cash4
Share RepHohaiscal Years 2021, 2022 and 2023
18%
LTM Net Debt / PF Adjusted EBITDA²
1.8x
Acquisitionsmillions
53%
1.6x
$43
FY24
7/31/2022 10/31/2022 1/31/2023 4/30/2023 7/31/2023
1.6x
$41
Debt³ Maturity Schedule
FY25
1.4x
$34
FY26
$28
FY27
1.
2.
For a reconciliation of free cash flow to cash used in operating activities, the most directly comparable GAAP metric, see Appendix.
For detail, including a reconciliation of Pro Forma Adjusted EBITDA to net income, the most directly comparable GAAP metric, see Appendix.
Debt includes First Lien Term Loan, ABL Facility, Senior Notes, Finance Leases & Installment Notes.
3.
4. Includes cash used for Capital Expenditures, Acquisitions, Share Repurchases, Payments on Principal on Long-Term Debt and Payments on Principal on Finance Lease
Obligations for fiscal years 2021, 2022 and 2023
5.
Balance sheet, capital structure and share repurchase authorization references are as at 7/31/23.
1.5x
$134
FY28
$834
Thereafter
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