fact sheet q4 2017 - weq · improving rental volume trend strong q4 year-over-year growth new abl1...
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Terrace
Burnaby
Edmonton
Calgary
SaanichtonVictoria
Red Deer
Whitehorse Yellowknife
Oil Sands Sites
WinnipegLethbridge
BRITISH COLUMBIA
ALBERTA
SASK.
MANITOBA
YUKON NORTHWEST TERRITORIESNUNAVUT
Fort McMurrayGrande Prairie
Aerial Service BranchHeat Service BranchMixed Services BranchMajor Projects
FACT SHEET Q4 2017
Ticker Symbol (TSX) WEQ WEQ.DB
Share Price $1.45 $88.00
Shares Outstanding 16.6 Million
Market Cap $24.1 Million
MARKET SNAPSHOT 1 WesternOne Inc. focuses on acquiring and growing businesses in the construction and infrastructure services sector in order to generate value for its shareholders.
AERIAL EQUIPMENT & SERVICEShort-term rental of 1,400+ aerial lifts, including booms, aerial platforms, telehandlers, scissor lifts, forklifts and material lifts.
INTEGRATED CONSTRUCTION HEAT SERVICESComprehensive temporary heat and climate control solutions to our customers.
WEDGE™ REMOTE MONITORINGWEDGE™ remote monitoring system continuously measures, monitors and records ambient temperature and humidity levels in jobsite conditions.
MAJOR PROJECTSOur Major Projects group mobilizes heat and WEDGETM services within and outside of our branch network.
FILM & TVLeading provider of movie and TV production equipment and services for feature films, television series and commercials.
1 As at March 12, 2018.
True North Square, Winnipeg, MB
Note: Net Debt includes senior debt and unsecured debentures (at par value), net of cash.
FACT SHEET Q4 2017
Peter BlakeChief Executive [email protected]
Carlos YamChief Financial [email protected]
Geoff ShortenPresident & COO
Andrew GreigManager, Investor Relations
WESTERNONE INC.925 West Georgia Street, Suite 910, Vancouver, BC, Canada V6C 3L2 | T: 604-678-4042 or TF: 1-877-278-4042 | weq.ca
2018 & BEYOND Continuing signs of an improving Alberta market. Focus on rental rate improvement. Leverage WEDGETM remote monitoring. Grow Major Projects Group. Deploy capital for fleet growth or acquisitions as
opportunities arise.
2017 Sale of Britco division. Significant debt deleveraging. New ABL credit facility providing
additional liquidity. Positive trending on rental volume.
STRONG Q4 YEAR-OVER-YEAR GROWTHIMPROVING RENTAL VOLUME TREND
NEW ABL1 TERM CREDIT FACILITY DELEVERAGING THE BALANCE SHEET
20.7
26.7
Q4 - 2016 Q4 - 2017
Q4 Revenue($ millions)
28.7%Growth
3.1
5.2
Q4 - 2016 Q4 - 2017
Q4 Adjusted EBITDA($ millions)
67.2%Growth
* OEC - Original Equipment Cost
Increased Credit Room for GrowthEased Covenants
$87M
Appraised FMV
of Fleet and
Vehicles 1
Total Facility$35 M
$24MAvailable
$11M Used 2
1 Appraisal as of October 31, 2017.2 Amount drawn on December 31, 2017, net of cash on hand.