Superior Plus Corp · TSX:SPB
Superior Plus — Investor Presentation (March 2024)
20 slides from Superior Plus's investor presentation, March 2024
Slide 1: Investor Update
Investor Update March 2024 Enabling the Adoption of Low Carbon Energy 1
Slide 2: Forward-Looking Statements and Information
Forward-Looking Statements and Information This presentation contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities laws. When used in this presentation, the words “may”, “will”, “should”, “expect”, “plan”, “anticipate”
Slide 3: Superior Plus (TSX: SPB)
Superior Plus (TSX: SPB) Leading North American distributor of Low Carbon Energy Solutions Low Carbon Energy Leader Leading Presence In Key Supplying Propane, CNG, North American Energy RNG and Hydrogen Markets Resilient Cash Flow Stream Disciplined Capital Allocation Paired With Organic Growth Engi
Slide 4: 2024 Guidance
2024 Guidance Superior Plus As A Market Leader in Energy Distribution Adjusted EBITDA1 Adjusted EBTDA per Share1 (US$ millions) (US$/sh.) 18% CAGR1 ~5% ~18% $476 growth growth $315 $345 $1.25 $1.22 $281 $286 $183 2018 2019 2020 2021 2022 2023PF 2024F 2022 2023 2024F 2024 Adjusted EBITDA Growth Expec
Slide 5: Superior Plus
Superior Plus Four Operating Divisions Serving Customers Across North America Propane Distribution CNG, RNG & Hydrogen U.S. Propane Canadian Propane Wholesale Propane Certarus 4th largest U.S. retail propane Canadian leader in propane A level above competitors from a Innovator in on-road CNG, RNG di
Slide 6: Investment Highlights
Investment Highlights Delivering Shareholder Value Balanced Capital Allocation Strategy Operationally focused Certarus: next generation Maintain Organic propane business with organic growth engine Attractive Growth utility-like cash flow Dividend Balance Share Sheet Repurchases Strength Combined pla
Slide 7: Low Carbon Energy Distribution Leader
Low Carbon Energy Distribution Leader Supporting a cleaner, lower carbon economy Decarbonization Energy Security Insufficient and Static Infrastructure Trend is accelerating; new policies Reinforced importance for reliable, Superior’s mobile energy solutions bridge supporting and fast-tracking the e
Slide 8: Propane Distribution
Propane Distribution A North American Leader Leader in Diversified North American ~950,000 Propane Distribution Platform residential and commercial customers across North America providing as the largest in Canada1 and the 4th largest balanced customer mix and geographic significant diversification
Slide 9: Certarus
Certarus The Organic Growth Engine #1 in North America 729 MSUs in Fleet1, 2 15% - 20% Growth in on-road Low Carbon Energy Solutions with ~40% of the North American MSU capacity3 and in Adjusted EBITDA5,6 expected for 2024 strategic relationships with the top MSU manufacturers Organic Growth Engine
Slide 10: Strong Balance Sheet Provides Efficient Financing for Growth
Strong Balance Sheet Provides Efficient Financing for Growth ~US$1.0 billion of credit facilities Current Debt Maturity Schedule (US$ millions) ~US$260 million of available $556m $600m liquidity1 $407m $370m Current Leverage Ratio: 3.8x2 Long term target: 3.0x 2023 2024 2025 2026 2027 2028 2029 Weig
Slide 11: ESG Performance Highlights
ESG Performance Highlights Driving Significant Change Towards A Better Future Environment Social Governance Positioning for a Low-Carbon Future: Board oversight of sustainability strategy, performance and disclosures 38% 30% Strategic partnerships in low carbon and renewable fuels Fewer greenhou
Slide 12: Appendix
Appendix 12
Slide 13: Highly Complementary Business Platform and Model
Highly Complementary Business Platform and Model Bulk Fuel Source Loading Distribution End Customers Loading at Retail Retail Distribution Via Smaller Customers With Distribution Hub Superior Fleet On-Site Storage Propane Bulk Distribution Larger Customers With Large On-Site Storage Hydrogen or RNG
Slide 14: Certarus
Certarus Serving a Diverse Array of Customer Segments 14
Slide 15: Renewable Natural Gas
Renewable Natural Gas Multiple expansion projects underway Swine Project – Missouri Landfill Gas Project - BC Dairy Project - Wisconsin Injection site servicing four swine farms in northern LFG project in BC to test RNG feasibility Dairy RNG project in Wisconsin Missouri Dairy Project and Injection
Slide 16: Hydrogen
Hydrogen Innovation driving organic growth opportunities Hydrogen Blending Supporting Hydrogen H2 Locomotive Program Project Tractors Partnered with a leading equipment Partnered with leading railway operator in the Supporting trucking manufacturer with hydrogen manufacturer to conduct a H2 blending
Slide 17: Commodity Pricing (C$/MMBtu)
Commodity Pricing (C$/MMBtu) Propane and Natural Gas Have Significant Pricing Advantages Over Competitive Fuels C$38.69/MMBtu C$9.99/MMBtu C$3.73/MMBtu See end notes for further information 17
Slide 18: End Notes
End Notes Slide 3 Slide 5 Slide 9 1. As at December 31, 2023. 1. Based on FY 2023 Adjusted Gross Profit. Adjusted Gross Profit is a 1. At YE2023. 2. Closing share price as at March 5, 2024. Total Net Debt, including Non-GAAP Financial Measure. Details for Non-GAAP financial 2. Mobile Storage Unit (“
Slide 19: Non-GAAP Financial Measures and Ratios
Non-GAAP Financial Measures and Ratios In this presentation, Superior has used the following terms (“Non-GAAP Financial Measures and Ratios”) that are not defined by International Financial Reporting Standards (“IFRS”) but are used by management to evaluate the performance of Superior and its busine
Slide 20: Investor Update
Investor Update March 2024 20