Velan Inc. · TSX:VLN
Velan — Q4 F2022 Earnings Presentation
13 slides from Velan's earnings presentation, May 19, 2022
Slide 1: Q4-F2022 Investor Presentation
Q4-F2022 Investor Presentation May 19th, 2022
Slide 2: Disclaimer
Disclaimer The following investor presentation provides an analysis of the consolidated operating results and financial position of Velan Inc. (“the Company”) for the fiscal year ended February 28, 2022. This investor presentation should be read in conjunction with the Company’s audited consolidated
Slide 3: Our markets
Our markets Navy Nuclear Project Severe MRO & Oil & gas Service After-Market
Slide 4: Our Board of directors
Our Board of directors James A. Mannebach Rob Velan Tom Velan Ivan Velan Bruno Carbonaro Chair of the Corporation Vice-Chairman Former Chairman Montréal, Québec, Canada Montréal, Québec, Canada St. Louis, Missouri, USA Montréal, Québec, Canada Montréal, Québec, Canada Director since: 1970 Director s
Slide 5: Key Highlights – Q4
Key Highlights – Q4 Sales ($ m) $124.8 m sales +46.0% vs Q4-F2021 411 $16.6 m EBITDA2 is significantly higher than the $1.6 m 367 372 338 125 achieved in last year’s final quarter 105 114 302 Q4 103 $25.6 m net loss1 adjusted to a $7.0 m net income when 86 110 removing the negative impact of a
Slide 6: EBITDA
EBITDA1 Historic ($ m) Q4 Bridge ($ m) 18 +14.9 16 2,3 14 4,6 12 Restructuring 3,0 and 16,6 10 transformation 2 income 8 7,5 6 4 2 0 8,2 -2 1,6 -4 -6 2021 Volume Margin Sale of Juwon Federal Others 2022 2018 2019 2020 2021 2022 subsidies 1 Non-IFRS and supplementary financial measures – additional s
Slide 7: Net cash analysis
Net cash analysis Free Cash Flow2 ($ m) Net cash bridge ($ m) ST investments 3,8 0,8 68,0 6,7 5,8 65,8 17,2 2,2 7,8 60,5 16,6 7,0 8,2 1,5 1,2 6,7 53,5 2 3 1 2 End Reclass 4 Adjusted FCF Disposal Other Debt End EBITDA Inventories AR AP Interests, Capex FCF net cash tax and of Q3 repayment of Q4 other
Slide 8: Key Highlights – Full Year
Key Highlights – Full Year $411.2 m sales +36.1% vs F2021 Sales ($ m) 411 610 basis points increase in gross profit percentage from 26.7% to 367 372 32.8% 338 125 105 114 302 $39.6 m EBITDA2 or $1.83 per share more than doubled compared to Q4 103 last year 86 110 92 89 $21.1 m net loss1 and
Slide 9: Backlog
Backlog1 Backlog1 ($ m) $501.2 m backlog1 700 $321.9 m shippable in the next 12 months 600 500 0.88 book-to-bill ratio1 YTD 400 > 1 year Within 12 months backlog1 in line with 300 last fiscal year 200 < 1 year 100 0 2018 2019 2020 2021 2022 1 Non-IFRS and supplementary financial measures – a
Slide 10: Sunbelt: A large, loyal and long-time customer
Sunbelt: A large, loyal and long-time customer Global provider of flow control solutions Headquartered in Houston, Texas 27 stocking locations including USA, Canada, and China Large and diversified inventories of valves, actuators, pipe, flanges and fittings Strong presence in refining and
Slide 11: Bruno Carbonaro, Benoit Alain, Rishi Sharma
Bruno Carbonaro CEO and President +1 438 817-7593 [email protected] Benoit Alain Rishi Sharma Chief Financial Officer Chief Financial Officer (May 23th, 2022) +1 438 817-9957 +1 438 817-4430 [email protected] [email protected] www.velan.com www.facebook.com/VelanInc @VelanInc www.l
Slide 12: Non-IFRS and Supplementary Financial Measures
NON-IFRS AND SUPPLEMENTARY FINANCIAL MEASURES Earnings before interest, taxes, depreciation and amortization ("EBITDA") 2018 2019 2020 2021 2022 (in millions of USD) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net income (loss)1 (4.3) (5.6) 0.3 (8.2) (3.7) (2.4) (0.2) 1.5 (5.8) 1.4 (
Slide 13: Q4-F2022 Investor Presentation
Q4-F2022 Investor Presentation May 19th, 2022