Exco Technologies Limited · TSX:XTC

Exco Technologies — Q1 2022 Earnings Presentation

16 slides from Exco Technologies's earnings presentation, Feb 2, 2022

  1. Slide 1: Q1 F2022 Earnings Call

    Q1 F2022 Earnings Call February 2, 2022

  2. Slide 2: Cautionary Statement

    Cautionary Statement This presentation contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. We use words such as "anticipate", "may", "will", "should", "expect", "believe", "estimate", “5-year target” and similar expressions to identif

  3. Slide 3: Operations Review - Darren Kirk, CEO

    Darren Kirk Chief Executive Officer Operations Review

  4. Slide 4: Dividend

    Dividend In February 2022 Dividend was increased 5% to an annualized rate of 42 cents per share 42.0 CAD Cents/ Share 10.5 F2011 F2012 F2013 F2014 F2015 F2016 F2017 F2018 F2019 F2020 F2021 F2022 EXCO TECHNOLOGIES LIMITED | 4

  5. Slide 5: Q1 F2022 Operations Overview: Market Conditions

    Q1 F2022 Operations Overview Key Highlights in the Quarter – Market Conditions/ Overview • Overall industry vehicle production down 15% in N.A and 26% in Europe vs prior year quarter (~20% overall) • Production constrained by chip shortage and general supply chain issues • Shortage has begun to ease

  6. Slide 6: Operations Overview: Automotive Solutions

    Q1 F2022 Operations Overview Key Highlights in the Quarter – Automotive Solutions • Segment revenue down 24% year over year (FX adjusted) • Modestly underperformed market conditions • Production volumes fell ~20% but our revenues were down slightly more • Negative vehicle and product mix • Inventory

  7. Slide 7: Operations Overview: Casting and Extrusion

    Q1 F2022 Operations Overview Key Highlights in the Quarter – Casting and Extrusion • Segment revenue up 4% year over year (FX adjusted) • High pressure die cast market weakened due to lower vehicle production • Reduced demand for large mould rebuild work and Castool consumable die-cast tooling • Exa

  8. Slide 8: Financial Review - Matthew Posno, CFO

    Matthew Posno Chief Financial Officer Financial Review

  9. Slide 9: Q1 F2022 Financial Overview

    Q1 F2022 Financial Overview Consolidated Results Versus Prior Year Period • Revenue of $101.0M; down $20.1M or 17% compared to $121.4M last year • FX movements reduced revenue by $3.5M, therefore FX adjusted revenue was down by 14% year over year • EBITDA of $9.3M; down 52% from $19.3M last year • C

  10. Slide 10: Consolidated Revenue Reconciliation

    Q1 F2022 Financial Overview Consolidated Revenue Reconciliation C$ Millions 121 (21) -- 101 Q1 F21 Automotive Solutions Casting & Extrusion Q1 F22 EXCO TECHNOLOGIES LIMITED | 10

  11. Slide 11: Consolidated PTP Reconciliation

    Q1 F2022 Financial Overview Consolidated PTP Reconciliation (Before Interest and Other Expense) C$ Millions 14.1 (8.2) (2.6) 0.6 3.8 Q1 F21 Automotive Solutions Casting & Extrusion Corporate Q1 F22 EXCO TECHNOLOGIES LIMITED | 11

  12. Slide 12: Automotive Solutions Segment

    Automotive Solutions Segment Segment Results declined due to lower production volumes C$ Millions C$ Millions Revenue Segment EBITDA Margin Segment EBITDA 80 20% 15 (27%) (49%) (62%) 60 15% 10 40 10% 5 20 5% 0 0% 0 Q1 F21 Q1 F22 Q1 F21 Q1 F22 Q1 F21 Q1 F22 EXCO TECHNOLOGIES LIMITED | 12

  13. Slide 13: Casting & Extrusion Segment

    Casting & Extrusion Segment Segment EBITDA declined due to mix and production volumes. C$ Millions C$ Millions Revenue Segment EBITDA Margin Segment EBITDA 60 20% (28%) 1% 10 15% (27%) 40 10% 5 20 5% 0 0% 0 Q1 F21 Q1 F22 Q1 F21 Q1 F22 Q1 F21 Q1 F22 EXCO TECHNOLOGIES LIMITED | 13

  14. Slide 14: Financial Leverage & Liquidity

    Financial Leverage & Liquidity Balance Sheet in a $11M Net Cash Position as at December 31, 2021 Exco C$11M Net Cash 40 • LTM Q1 Fiscal 2022 EBITDA of C$60M • C$50M committed revolver matures February 30 2023 Bank Indebtedness/ Other 20 • Balance sheet cash of $26M C$ Millions 10 26 Cash • Significa

  15. Slide 15: Questions

    Questions EXCO TECHNOLOGIES LIMITED | 15

  16. Slide 16: Powering the EV

    POWERING THE EV i aa Omri AA ic ecion

Exco Technologies — Q1 2022 Earnings Presentation on 6ix