Investor Presentation June 2020 Third Quarter Ended March 31, 2020
TOP TIER NORTH AMERICAN EPC CONTRACTOR Through our subsidiaries, Matrix provides engineering, fabrication, procurement, construction, construction management, maintenance and repair services across the Energy and Industrial markets…
MATRIX VALUE PROPOSITION PURPOSE We build a brighter future, improve quality of life, and create long-term value for our people, business partners, shareholders, and communities. OUR VISION FULFILLS THIS PURPOSE To be the company of…
OUR CORE VALUES ARE THE FOUNDATION OF OUR SUCCESS Our commitment has led to consistent recognition for excellence by our clients, our industry, the business world, and our employees Commitment to safety Put safety first for yourself…
IMPACT OF COVID-19 AND BUSINESS RESPONSE Health & Safety Operations Financial Plan COVID-19 specific mitigation plan Majority of projects and maintenance Strong liquidity position and balance quickly developed and implemented sites…
FY2020 THIRD QUARTER DEVELOPMENTS Liquidity of 216 million including 88 million in cash as of March 31; cash balance has subsequently increased an additional 20 REVENUE LIQUIDITY million in the fourth quarter 248M 216M Backlog of…
LEVERAGING OUR BRAND FROM TANKS TO TERMINALS Storage Solutions Building opportunity pipeline in LNG and crude infrastructure Recent developments Generated revenue of 143.7 million in FY20 Q3 and 60.6 million in awards Duke Energys…
OPERATING IMPROVEMENT PLAN ONGOING Focused on corrective actions to improve performance Electrical Infrastructure 5.8% Recent developments of 727M total backlog Generated revenue of 28.4 million in FY20 Q3 and 15.1 million in awards…
ELECTRICAL IMPROVEMENT PLAN Electrical Infrastructure Upgrade leadership and project execution talent to support business improvement and expansion plans Expand business development staff to support growth of the business…
EXPANDING MARKET SHARE WITH NEW AND EXISTING CLIENTS Quality performance is building the brand Oil, Gas & Chemical 18.2% Recent developments of 727M total backlog Generated revenue of 52.3 million in FY20 Q3 and 34.6 million in…
EXITED DOMESTIC IRON AND STEEL BUSINESS Likely to collapse into other reporting segments Industrial 4.4% of 727M total backlog Recent developments Generated revenue of 23.9 million in FY20 Q3 and 3.0 million in awards Strategic…
DRIVING LONG-TERM VALUE WE DEFINE LONG-TERM VALUE WITH THESE KEY ELEMENTS: BUSINESS PERFORMANCE - Creates consistent earnings and generates cash, and results in high quality backlog, client satisfaction, growth, and diversification…
MEASURING OUR SUCCESS Our key performance long-term targets OUR EMPLOYEES COME FIRST KEY FINANCIAL TARGETS 0 < 6% < 6% TRIR / Safety Net Working Capital SG&A target 40 4.5% 12% Average annual training hours Operating Margin…
BIG PICTURE VISION AND STRATEGIC OBJECTIVES CLEAR STRATEGY TO GROW AND IMPROVE BUSINESS RESULTS ATTACK THE GAS VALUE CHAIN EXPAND REFINING AND Mid-stream processing nationwide CHEMICAL/PETROCHEMICAL Specialty vessels and terminals…
Financial slides
LIQUIDITY BRIDGE ( in millions) 3Q20 Liquidity of 216.3 million consists of cash of 87.5 million and availability under the credit facility of 128.8 million
STRONG FINANCIAL POSITION Our strong liquidity position and minimal debt of 8.9 million allows us to fund our business while weathering cyclical downturns and returning value to our shareholders 350 308 300 277 243 242 250 231…
FISCAL 2020 THIRD QUARTER RESULTS ( in thousands, except EPS) 3Q20 3Q19 GAAP Based Measures Revenue 248,327 358,887 Gross profit 20,477 8.2% 36,906 10.3% SG&A 19,718 7.9% 24,112 6.7% Operating income (loss) (5,800) -2.3% 12,794…
SEGMENT RESULTS ( in thousands) Electrical Oil Gas & Storage 3Q20 Infrastructure Chemical Solutions Industrial TOTAL Revenue 28,411 52,313 143,746 23,857 248,327 Gross Profit 752 2,946 18,010 (1,231) 20,477 Gross Margin 2.6% 5.6%…
BACKLOG AT MARCH 31, 2020 1,219 1,098 1,082 264 Strong opportunity and market expansion pipeline including: 249 206 872 57 A LNG Peak Shaving project awarded in 727 682 32 fourth quarter 91 613 635 142 641 604 Recent…
Q&A
RECONCILIATION OF NON-GAAP MEASURES Three Months Ended Nine Months Ended March 31, 2020 March 31, 2020 Earnings Earnings Income Tax Amount of Net Income (Loss) Per Net Income (Loss) Per Effect of Charge (Loss) Diluted (Loss)…
ADJUSTED EBITDA ( in thousands) Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, 2020 2019 2020 2019 (In thousands) Net income (loss) (5,495 ) 8,933 (27,352 ) 15,170 Goodwill and other intangible…
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