NASDAQ: LMB
INVESTOR PRESENTATION
May 2023
1
Forward Looking Statements
We make forward-looking statements in this presentation within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements relate to expectations or forecasts for future events, including, without limitation, the execution of the Company's long-term strategic roadmap and Limbach 3.0. These statements may be preceded by, followed by or include the words "may," "might," "will," "will likely result," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target, " "scenario" or similar expressions. These forward-looking statements are based on information available to us as of the date they were made and involve a number of risks and
uncertainties which may cause them to turn out to be wrong. Some of these risks and uncertainties may in the future be amplified by the COVID-19
outbreak and there may be additional risks that we consider immaterial, or which are unknown. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be
required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, our actual results or performance may
be materially different from those expressed or implied by these forward-looking statements. Please refer to our most recent annual report on Form 10- K, as well as our subsequent filings on Form 10-Q and Form 8-K, which are available on the SEC's website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.
2
Limbach Combines Best in Class Attributes of Key Verticals
As we evolve Limbach to include an increasing contribution from high-value activities centered on providing solutions, we
expect to drive margin improvement with valuation multiples following suit.
Specialty | Consulting |
Contractors | & Eng. Firms |
Property | OEM Firms | |
Managers |
INCREASED MARGINS
ON OUR PATH TO BECOME AN
INDISPENSABLE PARTNER
Incorporating aspects of non-residential
construction, consulting & engineering, energy service, and property management firms, we provide full life-cycle capabilities that combine our disciplined approach with engineered solutions and craft expertise enabling us to be the one-stop-shop for building owners to maximize their investment in their mission-critical assets.
INCREASED MULTIPLE
3
Investment Highlights
Strong Sector
Tailwinds
Evolving, Differentiated
Business Model
Owner Direct Revenue
Driving Margins Higher
Positioned for Customer
Spending Flex
Internal & External
Growth Supported by
Strong Balance Sheet
Building owners are increasingly focused on ROIC, including maintenance and retrofit of existing facilities, driving demand for facilities service capabilities.
We provide full life-cycle capabilities that combine our disciplined approach with engineered solutions and craft expertise enabling us to be the one-stop-shop for building owners to maximize their investment in their mission-critical assets.
Growing base of recurring revenue through contracted building maintenance services driving our expanding, higher margin Owner-Direct("ODR") segment.
Integrated solution suite well-positioned to benefit as building owners flex spending between Capital and Operating Budgets. Ability to service customer needs stemming from both spending buckets provides macroeconomic resilience.
Cash and cash equivalents of $41.4 million1, zero net debt1; TTM adjusted EBITDA of $37.0 million2 as of 3/31/23. Expanded credit revolver of up to $50.0 million put in place subsequent to quarter end.
1. | See Balance Sheet on slide 17. | |
2. | See slide 18 for calculation of TTM Adjusted EBITDA. | 4 |
Creating Value in Strong Primary End Markets
MISSION-CRITICAL MARKETS WE SERVE
Healthcare | Data Centers | Industrial & Light |
Manufacturing |
Cultural | Higher | Life |
& Entmt. | Education | Sciences |
END MARKET ATTRIBUTES
- Favorable demographic support
Ex. - Aging population driving healthcare spending
- Supportive secular trends
Ex. - Supply chain issues have ignited interest in onshoring
- Facilities are 'mission-critical'
Ex. - Building owners are acutely focused on maximizing uptime and providing the best environment for their building occupants
DURABLE | DATA | TRUSTED |
DEMAND | PARTNER | |
Facility data and service | ||
Customers with strong | Creating value by | |
history allows us to find | ||
competitive positioning | providing the | |
efficiencies throughout the | ||
in markets expected to | widest range of | |
entire building lifecycle | ||
experience long-term | services for | |
investment in assets | customers |
5
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Disclaimer
Limbach Holdings Inc. published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2023 12:57:03 UTC.