Positioned for Profitable Growth

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1 Positioned for Profitable Growth 3Q 2017 NYSE: BLD

2 FAST FACTS Largest Network in the U.S Locations Exposure to 95% of all Housing Starts Nationwide Network Blended Capital Allocation Strategy Emphasizing Accretive Acquisitions Followed by Share Repurchases AT A GLANCE Largest Purchaser, Installer and Distributor of Insulation in the U.S. SPIN-DATE (From Masco) June 30, 2015 Service Partners (Distribution) 2016 REVENUE $1.7B 37% HEADQUARTERS MARKET-CAP U.S. EMPLOYEES Daytona Beach, FL After Paint 3% Rain Gutter Product Mix Other 7% 13% $2.7B 8,400+ Commercial Business Mix 18% 63% TruTeam (Installation) 77% 82% Insulation & Accessories Residential We leverage our national footprint to gain economies of scale while capitalizing on our local market presence to forge strong relationships with our customers. KEY STRENGTHS National Scale and Buying Power Seasoned, Energized and Cycle- Tested Management Team Diversified Business Model that Mitigates Cyclicality Tenured Relationships with Customers and Suppliers Culture Focused on Operational Efficiency Strong Balance Sheet and Financial Flexibility Employer of Choice Focus on Safety ONE COMPANY LEVERAGING TWO LEADING CHANNELS INSTALLATION Provide contractor services to large/national builders SCALE ADVANTAGE Building Science Expertise Access to 50K+ Builders and General Contractors DISTRIBUTION Distributes products to a variety of customers Small Contractors, Lumber Yards, Retail PATHS FOR GROWTH Maximizing Opportunities Related to Favorable Macro Drivers Leveraging Unrivaled National Scale to Increase Market Share Through Organic Growth and Acquisitions Driving Operational Excellence Throughout Company to Expand Margins $1.3 ACCELERATING PROFITABILITY SINCE SPIN OFF Revenue ($B) $1.4 $1.5 $1.6 $ Adj. Operating Profit 1 ($M) $125 $91 $60 $37 +8% +38% $12 Adj. EBITDA 1 ($M) $66 Adj. Op. Margin n(%) 1 2.6% $90 4.0% $ % $ % +35% +160 bps 2 [VALUE] (1.6%)

3 Category 1 WE ARE CRITICAL TO THE INSULATION SUPPLY CHAIN APPEALING TO EMPLOYEES AND CUSTOMERS WHY EMPLOYEES CHOOSE US Strong Focus on Employee Engagement PRIMARY FIBERGLASS & SPRAY FOAM INSULATION MANUFACTURERS #1 IN RESIDENTIAL INSTALLATION BUILDERS & CONTRACTORS Referrals Earnings Potential Full Suite of Benefits Clear Career Path 35% SHARE OF NEW HOUSING STARTS 2X SIZE OF LARGER COMPETITOR Residential New Construction Highly Fragmented 50K+ U.S. Home Builders 50% of Housing Starts Covered by Large National/ Regional Builders WHY CUSTOMERS CHOOSE US Extensive Verification and Training Process for New Hires Employment Verification Drug Screening Criminal Background Check Safety Training SUBSTANTIAL SPRAY FOAM GROWTH SPRAY FOAM MARKET OVERVIEW Total national sales account for ~10-12% of units and 20-25% of insulation revenue Innovation has improved safety, yield and ease of installation Cost differential between spray foam and fiberglass has narrowed Energy code changes driving growth 2016 U.S. INSULATION MARKET BY MATERIAL 1 : $11B Percent of Market (Installation $) Mineral Wool Cellulose Rigid Foam Spray Foam FG Blown FG Batts <5% <5% 20-25% 20-25% 10-20% 30-40% Fiberglass PATH FORWARD Increase spray foam adoption across entire customer base through focused sales effort Leverage building science expertise to communicate value - Code compliance, increased comfort, energy savings Pursue acquisitions to complement organic growth strategy ENERGIZED LEADERSHIP TEAM Jerry Volas CEO Steve Raia President, TruTeam Operations Robert Buck President & COO Sean Cusack President, Service Partners John Peterson CFO David Cushen SVP, Mergers & Acquisitions 3

4 STRENGTHS Unparalleled Value Proposition to Meet Customer Needs Leveraging Market Analytics to Drive Share Growth #1 or #2 Player in Most Markets We Serve Highly Trained and Motivated Sales and Production Teams Local Relationships Enhanced by National Resources STRONG MARGIN EXPANSION 10.3% 8.6% 5.1% 2.7% FY14 FY15 FY16 9 Mos '17 Adjusted Operating Margins (%) OPPORTUNITIES Housing Market Continues to Improve; Starts Remain Below 50-Year Historical Average Household Formations Increasing Mix Shift in Housing Starts Towards Single-Family Stricter Energy Codes Driving Complexity and Product Innovation PEOPLE SCALE UNPARALLELED VALUE PROPOSITION 5,500+ Installers Hired through Same Process, Ensuring Quality of Labor Force Ability to Deploy Resources to Other Branches as Needed (Labor, Equipment, Trucks) SAFETY Zero Tolerance Engrained in our Culture BUILDING SCIENCE Expertise to Help Customers Navigate and Meet Code Changes PATH FOR GROWTH Capture More Residential Market Share Further Penetrate Heavy Commercial Market Drive Growth in Spray Foam SMART TECHNOLOGY BENEFITS Enhanced Customer Service Job-site Quoting and Options Improved Sales Productivity Performance Metrics Tracking Greater Focus on Efficiency Routing Optimization 4

5 2016 LTM Revenue Adj. Operating Margin AT A GLANCE $704M $677M 8.9% Branches 70+ Employees 750+ PRODUCT OFFERINGS 1 66% Insulation 15% Accessories 8% Gutters 11% Other 2 STRENGTHS Largest National Insulation Distributor with Comprehensive Product and Service Offerings to Customers of All Sizes Unique Value Proposition: Leveraging New Customer Pipeline and Enabling Customer Growth Long-term Growth Opportunity in Expanding Spray Foam Business through Service and Training Expansion through Organic Growth and M&A STRONG Service MARGIN Partners EXPANSION 8.3% 8.7% 8.9% 9.7% FY14 FY15 FY16 9 Mos. '17 Adjusted Operating Margins (%) RELATIONSHIP-DRIVEN BUSINESS MODEL AND VALUE PROPOSITION PRODUCT KNOWLEDGE Extensive, reliable and current Technical training and service support EXTENSIVE PRODUCT LINE Comprehensive SKU mix across network; all major manufacturers One-stop shop for contractors LOCAL PRESENCE Easy pick-up for and/or delivery to customers CREDIT AVAILABILITY Differentiates us for small contractors Avg. DSO < 40 days; default rate < 1% OPPORTUNITIES Gain New Contractors through Cold Calling, Strong Service Reputation and Word of Mouth Develop Business Partnerships Early; Support their Growth and Build Loyalty Increase Sales Force; Feet on the Street Invest in Sales Technology Platform Extend Best Practices Across Organization Dedicate Resources to Capture $4.8B Commercial Opportunity Increase MBI Footprint 3 New Locations per Year PATH FOR GROWTH Service Smaller Contractors Increase Attachment Rate Introduce Service & Parts Solution to Spray Foam Customers Expand Commercial Product Offering COMPREHENSIVE LOGISTICS National fleet, just-in-time delivery Proprietary e-commerce website CONTRACTOR CLUB Exclusive customer loyalty program providing training and benefits 5

6 2017 COMPLETED ACQUISITIONS Close Date Annual Revenue KEY CRITERIA January ~$20M Enhances Scale Febuary ~$23M Increases Penetration in Key Markets, Geographies Mr. InsulFOAM Febuary ~$2M Augments Business Product Mix, Capabilities March ~$7M Enjoys Sustainable Customer Base April ~$12M Provides Experienced Leaders and Qualified Labor June ~$28M FOCUS AREA Heavy Commercial Residential & Light Commercial Residential COMMERCIAL INSULATION $4.8B MARKET OPPORTUNITY MIX LIGHT COMMERCIAL Retail, Small Office, Hotel & Education HEAVY COMMERCIAL Hospitals, Universities, Stadiums & Institutional TYPICAL SIZE 1 to 3 stories 3+ stories TYPICAL AMOUNT ~$2K to $20K ~$200K+ HEAVY COMMERCIAL GROWTH INITIATIVE Light Commercial Large Project Heavy Commercial Thermal & Sound Batts Spray Foam Horizontal Thermal Insulation/Expand MBI Presence with Service Partners Air/Vapor Barrier Slab Edge Firestop Spray Fireproofing Top Wall Firestop Simple Complex Expansion Joints 6 HEAVY COMMERCIAL PATH FORWARD Expand Project Take with Existing Customers & Grow Customer Base Engage existing customers with expanded application offerings Attract new customers as we enter new markets Leverage customer base from acquisitions Standardize Service & Product Offerings Build and share best practices Centralize critical functions to support branch execution Add adjacent applications Grow in Top 25 Metro Areas Grow organically and complement with strategic, bolt-on acquisitions As specialty contractor, our link to project opportunities and future acquisitions is significantly enhanced SELECTED PROJECTS FEDERAL HOSPITALS The Pentagon HIGH RISES Johns Hopkins Hospital SPECIAL PROJECTS 432 Park Ave SPORTS FACILITIES Ronald Reagan Building Yankee Stadium

7 FINANCIALS OVERVIEW STRONG BALANCE SHEET ($ in 000s) Third Quarter 2017 Nine Months 2017 SEPTEMBER 30, 2017 ($M) Long-term Debt $251.9 Sales Y-O-Y Change $489, % $1,404, % Less Cash 18.5 Adjusted Operating Profit* Y-O-Y Change Adjusted Operating Margin* Y-O-Y Change Adjusted EBITDA* Y-O-Y Change ($ in 000s) $50, % 10.3% 160 bps $57, % Nine Months ended September 30, 2017 $121, % 8.6% 180 bps $139, % Nine Months ended September 30, 2016 CAPEX $13,088 $10,083 Working Capital % to sales (using LTM sales) 10.0% 8.9% Operating Cash Flow $54,618 $27,934 Net Debt $233.4 Adj. TTM EBITDA $181.7 DEBT TO ADJ. EBITDA (LONG-TERM) Gross 1.39x Net 1.28x Maintain Cash Reserve Ensuring Adequate Liquidity in Downside Scenario Comfortable Increasing Net Leverage to 2.0x to 2.5x for Right Opportunities 2018 Annual Interest Expense Range $12.8M to $13.3M ANNUAL GUIDANCE AND LONG-TERM TARGETS SCENARIO: ASSUMING 1.5M HOUSING STARTS IN OUTLOOK ($M) TOPBUILD PERFORMANCE $1,890 to $1,905 Revenue $190 to $195 Adjusted EBITDA Revenue 2017E 1 $1,922M 2021E $2,460M 3-YEAR TARGETS $60M of Residential Revenue for Every 50K Increase in Starts 12%+ Commercial Annual Growth 11% to 16% 1 Incremental EBITDA % (M&A) EBITDA EBITDA Margin $193M $312M to $340M* ~10.0% 12.7% to 13.8%* * With change in vehicle financing, range adjusted to $323M to $351M and EBITDA Margin ranges from 13.1% to 14.2% 1 Uses midpoint of guidance and includes full year impact from 2017 acquisitions. 7% to 8% Working Capital (% of Sales) 2% to 2.5% Capex ( % of Sales) 1 Acqisitions in year one. 22% to 27% Incremental EBITDA % (Organic) 38% Normalized Tax Rate KEY ASSUMPTIONS $60M of Residential Revenue for Every 50K Increase in Starts 12% Commercial Annual Growth 22% to 27% Incremental EBITDA % (Organic) $312M of Incremental Revenue for 260K Increase in Starts Assumes 1.24M Starts in 2017 No Impact Included from Future Acquisitions 7

8 Contact Information: Tabitha Zane Vice President, Investor Relations (386) Visit us at: Corporate Headquarters 475 N. Williamson Blvd. Daytona Beach, FL 32114