Dexterra Group Inc. Announces Results for Q2 2024
Dexterra Group Inc. Announces Results for Q2 2024
Toronto, Ontario--(Newsfile Corp. - August 6, 2024) - Dexterra Group Inc. (TSX: DXT)
安大略省多伦多--(Newsfile Corp.,2024 年 8 月 6 日)-Dexterra Group Inc.(TSX:DXT)
Highlights
亮点
The IFM and WAFES business units generated strong results for Q2 2024 with consolidated revenue of $253.6 million, an increase of 18.1% compared to Q2 2023 and an increase of 9.5% compared to Q1 2024. The increase in Q2 2024 was primarily driven by strong natural resource market activity levels in WAFES and the full quarter inclusion of the CMI Management LLC ("CMI") acquisition which closed at the end of February 2024;
Q2 2024 Adjusted EBITDA, which excludes the impact of discontinued operations, was $29.3 million compared to $25.2 million and $19.6 million for Q2 2023 and Q1 2024, respectively. The increase from the same period last year and last quarter was due primarily to improved IFM margins, strong workforce accommodations occupancy, and high camp equipment and access matting asset utilization.
For the three months ended June 30, 2024, Free Cash Flow ("FCF") improved compared to the same quarter in 2023. FCF on a year to date basis in 2024 is in line with expectations at $10.1 million and reflects the normal seasonal fluctuations from higher working capital requirements in the first half of the year. Adjusted EBITDA conversion to FCF is expected to approximate 50% on an annualized basis;
Consolidated net earnings was $9.1 million and $5.5 million for the three and six months ended June 30, 2024, respectively, compared to net earnings of $8.5 million and $13.2 million for the three and six months ended June 30, 2023, respectively. For the three months ended June 30, 2024, net earnings from continuing operations were $12.2 million compared to $8.9 million for the Q2 2023. The lower net earnings year-to-date was due to the loss from discontinued operations. The sale of the Modular business is expected to close in August 2024.
Earnings per share from continuing operations was $0.19 in Q2 2024 and increased from $0.14 compared to the same quarter last year. Earnings per share from continuing operations for the six months ended June 30, 2024 and 2023 was $0.26 and $0.21, respectively; and
Dexterra declared a dividend for Q3 2024 of $0.0875 per share for shareholders of record at September 30, 2024, to be paid on October 15, 2024.
iFM和WAFES业务部门在2024年第二季度取得了强劲的业绩,合并收入为2.536亿美元,与2023年第二季度相比增长了18.1%,与2024年第一季度相比增长了9.5%。2024年第二季度的增长主要是由WAFES强劲的自然资源市场活动水平以及2024年2月底完成的CMI Management LLC(“CMI”)整个季度收购的纳入所推动的;
2024年第二季度调整后的息税折旧摊销前利润(不包括已终止业务的影响)为2930万美元,而2023年第二季度和2024年第一季度的调整后息税折旧摊销前利润分别为2,520万美元和1,960万美元。与去年同期和上个季度相比的增长主要是由于iFM利润率的提高,员工住宿的占用率强劲,以及营地设备和门禁资产利用率高。
在截至2024年6月30日的三个月中,自由现金流(“FCF”)与2023年同期相比有所改善。2024年迄今为止,FCF符合预期,为1,010万美元,反映了上半年营运资金需求增加带来的正常季节性波动。调整后的息税折旧摊销前利润转换为FCF的年化预计约为50%;
截至2024年6月30日的三个月和六个月中,合并净收益分别为910万美元和550万美元,而截至2023年6月30日的三个月和六个月的净收益分别为850万美元和1,320万美元。在截至2024年6月30日的三个月中,持续经营业务的净收益为1,220万美元,而2023年第二季度为890万美元。今年迄今为止的净收益下降是由于已终止业务的亏损所致。模块化业务的出售预计将于2024年8月结束。
2024年第二季度,持续经营业务的每股收益为0.19美元,较去年同期的0.14美元有所增加。截至2024年6月30日和2023年6月30日的六个月中,持续经营业务的每股收益分别为0.26美元和0.21美元;以及
德克斯特拉宣布,2024年9月30日的登记股东将在2024年第三季度派发每股0.0875美元的股息,将于2024年10月15日支付。
This news release contains certain measures and ratios, such as Adjusted EBITDA, Adjusted EBITDA as a percentage of revenue, and Free Cash Flow, that do not have any standardized meaning as prescribed by GAAP and, therefore, are considered non-GAAP measures. The method of calculating these measures may differ from other entities and accordingly, may not be comparable to measures used by other entities. See "Non-GAAP measures" and "Reconciliation of Non-GAAP measures" of the Corporation's MD&A for the three and six months ended June 30, 2024 for details which is incorporated by reference herein.
本新闻稿包含某些指标和比率,例如调整后的息税折旧摊销前利润、调整后的息税折旧摊销前利润占收入的百分比和自由现金流,这些指标和比率没有公认会计准则规定的任何标准化含义,因此被视为非公认会计准则指标。计算这些衡量标准的方法可能与其他实体不同,因此可能无法与其他实体使用的衡量标准进行比较。有关以引用方式纳入的详细信息,请参阅公司截至2024年6月30日的三个月和六个月的MD&A中的 “非公认会计准则指标” 和 “非公认会计准则指标的对账”。
Second Quarter Financial Summary
第二季度财务摘要
Three months ended June 30, | Six months ended June 30, | |||||||||||
(000's except per share amounts) | 2024 | 2023(1) | 2024 | 2023(1) | ||||||||
Revenue | $ | 253,624 |
$ | 214,709 |
$ | 485,519 |
$ | 430,738 |
||||
Adjusted EBITDA(2) | 29,276 |
25,239 |
$ | 48,854 |
45,003 |
|||||||
Adjusted EBITDA as a percentage of revenue(2) | 11.5% |
11.8 % |
10.1% |
10.4% |
||||||||
Net earnings from continuing operations(3) | 12,162 |
8,935 |
16,597 |
13,618 |
||||||||
Net loss from discontinued operations, net of income taxes | (3,082) | (441) | (11,085) | (441) | ||||||||
Net earnings for the period | $ | 9,080 |
$ | 8,494 |
$ | 5,512 |
13,177 | |||||
Earnings per share: | |
|
|
|
||||||||
Net earnings from continuing operations per share, basic and diluted | $ | 0.19 |
$ | 0.14 |
$ | 0.26 |
$ | 0.21 |
||||
Total net earnings per share, basic and diluted | $ | 0.14 |
$ | 0.13 |
$ | 0.08 |
$ | 0.20 | ||||
Total assets | $ | 647,025 |
$ | 626,863 |
$ | 647,025 |
$ | 626,863 |
||||
Total loans and borrowings | 139,770 |
126,524 |
139,770 |
126,524 | ||||||||
Free Cash Flow(2) | $ | (585) | $ | (4,638) | $ | 10,057 |
$ | (9,584) |
截至6月30日的三个月 | 截至6月30日的六个月 | |||||||||||
(除每股金额外,000 个) | 2024 | 2023 (1) | 2024 | 2023 (1) | ||||||||
收入 | $ | 253,624 |
$ | 214,709 |
$ | 485,519 |
$ | 430,738 |
||||
调整后的息税折旧摊销前利润 (2) | 29,276 |
25,239 |
$ | 48,854 |
45,003 |
|||||||
调整后的息税折旧摊销前利润占收入的百分比 (2) | 11.5% |
11.8% |
10.1% |
10.4% |
||||||||
持续经营业务净收益 (3) | 12,162 |
8,935 |
16,597 |
13,618 |
||||||||
已终止业务的净亏损,扣除所得税 | (3,082) | (441) | (11,085) | (441) | ||||||||
该期间的净收益 | $ | 9,080 |
$ | 8,494 |
$ | 5,512 |
13,177 | |||||
每股收益: | |
|
|
|
||||||||
每股持续经营业务净收益,基本收益和摊薄后收益 | $ | 0.19 |
$ | 0.14 |
$ | 0.26 |
$ | 0.21 |
||||
基本和摊薄后的每股净收益总额 | $ | 0.14 |
$ | 0.13 |
$ | 0.08 |
$ | 0.20 | ||||
总资产 | $ | 647,025 |
$ | 626,863 |
$ | 647,025 |
$ | 626,863 |
||||
贷款和借款总额 | 139,770 |
126,524 |
139,770 |
126,524 | ||||||||
自由现金流 (2) | $ | (585) | $ | (4,638) | $ | 10,057 |
$ | (9,584) |
(1) The comparative numbers have been restated as the Modular segment is classified as held for sale for the three and six months ended June 30, 2024 and its operations are included in net loss from discontinued operations, net of income taxes.
(2) Please refer to the "Non-GAAP measures" section of the MD&A for the definition of Adjusted EBITDA, Adjusted EBITDA as a percentage of revenue and Free Cash Flow and to the "Reconciliation of non-GAAP measures" section for the related calculations.
(3) Non-recurring charges included in pre-tax earnings are described in the reconciliation of Non-GAAP measures and include $nil and $0.4 million in the three and six months ended June 30, 2024, respectively (three and six months ended June 30, 2023 - $0.7 million and $2.5 million, respectively).
(1) 对比数字已重报,因为模块化板块在截至2024年6月30日的三个月和六个月内被归类为待售,其业务已包含在扣除所得税的已终止业务净亏损中。
(2) 有关调整后息税折旧摊销前利润、调整后息税折旧摊销前利润占收入和自由现金流的百分比的定义,请参阅MD&A的 “非公认会计准则指标” 部分,以及相关计算的 “非公认会计准则指标对账” 部分。
(3) 非公认会计准则指标对账中描述了税前收益中包含的非经常性费用,包括截至2024年6月30日的三个月和六个月(截至2023年6月30日的三个月和六个月分别为70万美元和250万美元)中的40万美元和40万美元。
Second Quarter Operational Analysis
第二季度运营分析
Three months ended June 30, | Six months ended June 30, | |||||||||||
(000's) | 2024 | 2023 | 2024 | 2023 | ||||||||
Revenue: | ||||||||||||
IFM | $ | 100,297 |
$ | 76,538 |
$ | 201,856 |
$ | 162,945 | ||||
WAFES | 153,327 |
137,671 |
283,663 |
267,292 | ||||||||
Corporate and Inter-segment eliminations | - |
500 |
- |
500 | ||||||||
Total Revenue | $ | 253,624 |
$ | 214,709 |
$ | 485,519 |
$ | 430,737 | ||||
Adjusted EBITDA: | |
|
|
|||||||||
IFM | $ | 5,797 |
$ | 4,539 |
$ | 11,113 |
$ | 9,772 | ||||
WAFES | 29,154 |
25,034 |
49,130 |
43,489 | ||||||||
Corporate costs and Inter-segment eliminations | (5,675) | (4,334) | (11,389) | (8,258) | ||||||||
Total Adjusted EBITDA | $ | 29,276 |
$ | 25,239 |
$ | 48,854 |
$ | 45,003 |
截至6月30日的三个月 | 截至6月30日的六个月 | |||||||||||
(千年) | 2024 | 2023 | 2024 | 2023 | ||||||||
收入: | ||||||||||||
IFM | $ | 100,297 |
$ | 76,538 |
$ | 201,856 |
$ | 162,945 | ||||
晶片 | 153,327 |
137,671 |
283,663 |
267,292 | ||||||||
企业和分部间淘汰 | - |
500 |
- |
500 | ||||||||
总收入 | $ | 253,624 |
$ | 214,709 |
$ | 485,519 |
$ | 430,737 | ||||
调整后的息税折旧摊销前利润 | |
|
|
|||||||||
IFM | $ | 5,797 |
$ | 4,539 |
$ | 11,113 |
$ | 9,772 | ||||
晶片 | 29,154 |
25,034 |
49,130 |
43,489 | ||||||||
企业成本和分部间扣除 | (5,675) | (4,334) | (11,389) | (8,258) | ||||||||
调整后息税折旧摊销前利润 | $ | 29,276 |
$ | 25,239 |
$ | 48,854 |
$ | 45,003 |
Integrated Facilities Management ("IFM")
综合设施管理(“IFM”)
For Q2 2024, IFM revenues were $100.3 million, an increase of 31.0% from Q2 2023 primarily related to the acquisition of CMI which contributed $23.3 million, as well as the addition of new contracts across the IFM business and defence contract project work. Our pipeline of opportunities is also strong as we focus on delivering strong organic growth.
2024年第二季度,iFM收入为1.003亿美元,比2023年第二季度增长31.0%,这主要与收购CMI有关,CMI出资2330万美元,以及iFM业务和国防合同项目工作中增加的新合同。由于我们专注于实现强劲的有机增长,我们的机会渠道也很丰富。
IFM Adjusted EBITDA for Q2 2024 was $5.8 million which was higher compared to $4.5 million of Adjusted EBITDA for Q2 2023. Adjusted EBITDA as a percentage of revenue for Q2 2024 was 5.8%, an improvement over 5.2% in Q1 2024. Improved Adjusted EBITDA and Adjusted EBITDA as a percentage of revenue resulted from managing inflationary costs, refining our mix of business, the positive impact from the CMI acquisition, partially offset by lower than normal food service event and conference activity at post-secondary universities due to campus protests. Adjusted EBITDA margins are expected to continue to improve through the balance of 2024.
iFM 2024年第二季度调整后息税折旧摊销前利润为580万美元,高于2023年第二季度调整后息税折旧摊销前利润的450万美元。2024年第二季度调整后的息税折旧摊销前利润占收入的百分比为5.8%,高于2024年第一季度的5.2%。调整后息税折旧摊销前利润和调整后息税折旧摊销前利润占收入的百分比有所提高,这归因于管理通货膨胀成本、完善我们的业务组合、收购CMI产生的积极影响,但由于校园抗议活动导致专上大学的餐饮服务活动和会议活动低于正常水平,部分抵消了这一点。调整后的息税折旧摊销前利润率预计将在2024年剩余时间内继续提高。
Workforce Accommodations, Forestry and Energy Services ("WAFES")
员工住宿、林业和能源服务(“WAFES”)
Revenue from the WAFES business for Q2 2024 was $153.3 million compared to $137.7 million in Q2 2023, an increase of 17.6% over Q1 2024 driven by strong market activity generally throughout the business. This was partly offset by lower wildfire support activity in Q2 2024 compared to Q2 2023. New large long-term contracts mobilized in Q1 2024 came fully on stream in Q2, replacing projects such as Coastal Gas Link ("CGL") and LNG Canada. Adjusted EBITDA for Q2 2024 was $29.2 million compared to $25.0 million in Q2 2023 and $20.0 million in Q1 2024. Adjusted EBITDA margin for Q2 2024 was 19.0% compared to 18.2% for the same quarter last year and 15.3% in Q1 2024. The Adjusted EBITDA margin increase compared to the same quarter last year was primarily due to the aforementioned robust market activity which included greater than 90% camp, space rental, and access matting utilization, and inflationary price increases passed on to customers. Margins fluctuate based on activity level and mix of business.
2024年第二季度WAFES业务的收入为1.533亿美元,而2023年第二季度为1.377亿美元,比2024年第一季度增长17.6%,这要归因于整个业务普遍强劲的市场活动。与2023年第二季度相比,2024年第二季度野火支持活动的减少部分抵消了这一点。2024年第一季度启动的新大型长期合同在第二季度全面上线,取代了沿海天然气连接线(“CGL”)和加拿大液化天然气公司等项目。2024年第二季度调整后的息税折旧摊销前利润为2920万美元,而2023年第二季度为2,500万美元,2024年第一季度为2,000万美元。2024年第二季度调整后的息税折旧摊销前利润率为19.0%,而去年同期为18.2%,2024年第一季度为15.3%。与去年同期相比,调整后的息税折旧摊销前利润率增长主要是由于上述强劲的市场活动,其中包括超过90%的营地、空间租赁和门禁利用率,以及将通货膨胀性价格上涨转嫁给客户。利润率根据活动水平和业务组合而波动。
For the six months ended June 30, 2024, revenue was $283.7 million, an increase of 6.1%, and Adjusted EBITDA was 13.0% higher compared to the same period in the prior year. Adjusted EBITDA year to date 2024 as percentage of revenue was 17.3%, compared to 16.3% in 2023.
在截至2024年6月30日的六个月中,收入为2.837亿美元,增长6.1%,调整后的息税折旧摊销前利润与去年同期相比增长了13.0%。2024年迄今调整后的息税折旧摊销前利润占收入的百分比为17.3%,而2023年为16.3%。
Discontinued Operations (Modular Solutions)
已停止的业务(模块化解决方案)
Net loss from discontinued operations for Q2 2024 was $3.1 million compared to a net loss for Q2 2023 of $0.4 million. Modular revenues were $26.7 million for Q2 2024 compared to $53.1 million in Q2 2023 and $27.7 million in Q1 2024. Direct costs included in the loss on discontinued operations for Q2 2024 were $27.7 million and were impacted by costs related to the rework and remediation of certain challenged social affordable housing projects which are now substantially completed as well as lower overhead absorption due to the temporary decrease in revenue in Q2 2024. For the six months ended June 30, 2024, the net loss from discontinued operations was $11.1 million, an increase of $10.6 million compared to the same period in the prior year due to the reasons discussed above.
2024年第二季度已终止业务的净亏损为310万美元,而2023年第二季度的净亏损为40万美元。2024年第二季度的模块化收入为2670万美元,而2023年第二季度为5,310万美元,2024年第一季度为2770万美元。2024年第二季度已终止业务亏损中包含的直接成本为2770万美元,受到与某些面临挑战的社会经济适用住房项目的返工和修复相关的成本的影响,这些项目现已基本完成,以及由于2024年第二季度收入暂时减少而导致的管理费用吸收减少。在截至2024年6月30日的六个月中,由于上述原因,已终止业务的净亏损为1,110万美元,与去年同期相比增加了1,060万美元。
Liquidity and Capital Resources
流动性和资本资源
Debt was $139.8 million at June 30, 2024, compared to $132.7 million at Q1 2024. The increase from Q1 2024 was due to normal seasonality in the business. For the six months ended June 30, 2024, FCF was significantly improved at $10.1 million. The improvement is primarily related to strong collections of receivables. The conversion of Adjusted EBITDA to FCF for 2024 for continuing operations is expected to be 50% on an annualized basis with Q3 and Q4 experiencing the highest conversions to FCF as a result of the seasonality of the WAFES and IFM business units.
截至2024年6月30日,债务为1.398亿美元,而2024年第一季度为1.327亿美元。与2024年第一季度相比的增长是由于该业务的正常季节性。在截至2024年6月30日的六个月中,FCF显著改善,达到1,010万美元。这种改善主要与应收账款的大量收款有关。由于WAFES和iFM业务部门的季节性,预计2024年持续经营业务的调整后息税折旧摊销前利润转换为FCF,第三季度和第四季度的FCF转化率最高。
In conjunction with the Gitxaala Horizon North Services Limited Partnership (owned 49% by Dexterra), 329 relocatable space rental units were sold in June 2024. The selling price of $20.5 million reflected the approximate net book value of the assets held as Dexterra proactively manages its capital investments and mix of assets. For the six months ended June 30, 2024, the Corporation made growth capital investments of $0.6 million net of the Gitxaala sale of equipment which is consistent with our strategic focus on providing capital light support services.
2024年6月,与Gitxaala Horizon North服务有限合伙企业(由德克斯特拉持有49%的股权)一起,售出了329套可搬迁的空间租赁单元。2,050万美元的出售价格反映了Dexterra积极管理其资本投资和资产组合时所持资产的大致净账面价值。在截至2024年6月30日的六个月中,除Gitxaala出售设备后,公司进行了60万美元的增长资本投资,这符合我们提供小额资本支持服务的战略重点。
Additional Information
附加信息
A copy of Dexterra's Condensed Consolidated Interim Financial Statements ("Financial Statements") for the three and six months ended June 30, 2024 and 2023 and related Management's Discussion and Analysis ("MD&A") have been filed with the Canadian securities regulatory authorities and are available on SEDAR at sedarplus.ca and Dexterra's website at dexterra.com. The Financial Statements have been prepared in accordance with International Financial Reporting Standards and the reporting currency is in Canadian dollars.
德克斯特拉截至2024年6月30日和2023年6月30日的三个月和六个月的简明合并中期财务报表(“财务报表”)以及相关的管理层讨论与分析(“MD&A”)的副本已提交加拿大证券监管机构,可在SEDAR的sedarplus.ca和德克斯特拉的网站上查阅 dexterra.com。财务报表是按照《国际财务报告准则》编制的,报告货币是加元。
Conference Call
电话会议
Dexterra will host a conference call and webcast to begin promptly at 8:30 Eastern time on August 7, 2024 to discuss the second quarter results.
Dexterra将主持电话会议和网络直播,将于美国东部时间2024年8月7日 8:30 立即开始,讨论第二季度业绩。
To access the conference call by telephone the conference call dial in number is 1-844-763-8274.
要通过电话接入电话会议,电话会议的拨入号码是 1-844-763-8274。
A live webcast of the conference call will be accessible on Dexterra Group's website at dexterra.com/investor-presentations-events/ by selecting the Q2 2024 Results webcast link. An archived recording of the conference call will be available approximately one hour after the completion of the call until September 7, 2024 by dialing 1-855-669-9658, passcode 2204940#.
选择2024年第二季度业绩网络直播链接,即可在德克斯特拉集团的网站dexterra.com/investor-presentations-events/上观看电话会议的网络直播。电话会议的存档录音将在电话会议结束大约一小时后提供,直至2024年9月7日,拨打1-855-669-9658,密码为2204940#。
About Dexterra
关于 Dexterra
Dexterra employs more than 9,000 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada and the USA.
Dexterra 拥有 9,000 多名员工,为加拿大和美国的基础设施创建、管理和运营提供一系列支持服务。
Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of facilities management services, industry-leading workforce accommodation solutions and other support services for diverse clients in the public and private sectors.
在人才的支持下,Dexterra为每一项挑战提供一流的区域专业知识,并提供创新的解决方案,使客户对他们的日常运营充满信心。活动包括为公共和私营部门的不同客户提供全面的设施管理服务、行业领先的员工住宿解决方案和其他支持服务。
For further information contact:
欲了解更多信息,请联系:
Denise Achonu, CFO
首席财务官丹妮丝·阿乔努
Head office: Airway Centre, 5915 Airport Rd., 4th Floor
Mississauga, Ontario L4V 1T1
Telephone: (905) 270-1964
总部:机场路 5915 号航空中心,4 楼
安大略省密西沙加 L4V 1T1
电话:(905) 270-1964
You can also visit our website at dexterra.com
您也可以访问我们的网站 dexterra.com
Reconciliation of non-GAAP measures
非公认会计准则指标的调节
The following provides a reconciliation of non-GAAP measures to the nearest measure under GAAP for items presented throughout the News Release.
对于新闻稿中提供的项目,以下内容提供了非公认会计准则指标与公认会计原则下最接近的指标的对账情况。
Adjusted EBITDA
调整后 EBITDA
(000's) | Three months ended June 30, | Six months ended June 30, | ||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||
Net earnings | $ | 9,080 |
$ | 8,494 |
$ | 5,512 |
$ | 13,177 | ||||
Add: | |
|
|
|||||||||
Share based compensation | 762 |
735 |
1,476 |
1,338 | ||||||||
Depreciation & amortization | 8,601 |
8,617 |
16,703 |
16,567 | ||||||||
Loss (gain) on disposal of property, plant and equipment | (17) | 42 |
3 |
60 |
||||||||
Equity investment depreciation | 325 |
434 |
763 |
736 | ||||||||
Finance costs | 3,528 |
3,323 |
7,358 |
6,559 |
||||||||
Income tax expense | 3,915 |
2,410 |
5,593 |
3,629 | ||||||||
Net Loss from discontinued operations, net of income taxes | 3,082 |
441 |
11,085 |
441 |
||||||||
Non-recurring: | |
|
|
|
||||||||
Contract loss provisions(1) | - |
- |
- |
255 |
||||||||
Restructuring and other costs(2) | - |
743 |
361 |
2,241 | ||||||||
Adjusted EBITDA | $ | 29,276 |
$ | 25,239 |
$ | 48,854 |
$ | 45,003 |
(千年) | 截至6月30日的三个月 | 截至6月30日的六个月 | ||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||
净收益 | $ | 9,080 |
$ | 8,494 |
$ | 5,512 |
$ | 13,177 | ||||
添加: | |
|
|
|||||||||
基于股份的薪酬 | 762 |
735 |
1,476 |
1,338 | ||||||||
折旧和摊销 | 8,601 |
8,617 |
16,703 |
16,567 | ||||||||
处置财产、厂房和设备的损失(收益) | (17) | 42 |
3 |
60 |
||||||||
股权投资折旧 | 325 |
434 |
763 |
736 | ||||||||
财务成本 | 3,528 |
3,323 |
7,358 |
6,559 |
||||||||
所得税支出 | 3,915 |
2410 |
5,593 |
3,629 | ||||||||
已终止业务的净亏损,扣除所得税 | 3,082 |
441 |
11,085 |
441 |
||||||||
非经常性: | |
|
|
|
||||||||
合同损失条款 (1) | - |
- |
- |
255 |
||||||||
重组和其他成本 (2) | - |
743 |
361 |
2,241 | ||||||||
调整后 EBITDA | $ | 29,276 |
$ | 25,239 |
$ | 48,854 |
$ | 45,003 |
(1) Contract loss provisions for the three and six months ended June 30, 2024 were $nil (three and six months ended June 30, 2023 were $nil and $0.3 million).
(2) Restructuring and other costs for the six months ended June 30, 2024 include $0.4 million (Q2 2024 - $nil), which relates to legal and other expenses for the acquisition of CMI. Restructuring and other costs for the six months ended June 30, 2023 of $2.2 million includes CEO transition costs of $1.4 million (Q2 2023 - $nil) and contract demobilization and restructuring costs of $0.8 million (Q2 2023 - $0.7 million)
(1) 截至2024年6月30日的三个月和六个月的合同损失准备金为零美元(截至2023年6月30日的三个月和六个月为零美元和30万美元)。
(2) 截至2024年6月30日的六个月的重组和其他成本包括40万美元(2024年第二季度——零美元),这与收购CMI的法律和其他费用有关。截至2023年6月30日的六个月中,重组和其他成本为220万美元,其中包括140万美元的首席执行官过渡成本(2023年第二季度——零美元)和80万美元的合同复员和重组成本(2023年第二季度——70万美元)
Free Cash Flow
自由现金流
(000's) | Three months ended June 30, | Six months ended June 30, | ||||||||||
2024 | 2023 | 2024 | 2023 |
|||||||||
Net cash flows from (used in) continuing operating activities | $ | 5,695 |
$ | 1,543 |
$ | 22,465 |
$ | 1,567 |
||||
Sustaining capital expenditures, net of proceeds | (1,367) | (1,160) | (2,031) | (1,299) | ||||||||
Finance costs paid | (3,278) | (3,058) | (7,210) | (5,491) | ||||||||
Lease payments | (1,635) | (1,963) | (3,167) | (4,361) | ||||||||
Free Cash Flow | $ | (585) | $ | (4,638) | $ | 10,057 |
$ | (9,584) |
(千年) | 截至6月30日的三个月 | 截至6月30日的六个月 | ||||||||||
2024 | 2023 | 2024 | 2023 |
|||||||||
来自(用于)持续经营活动的净现金流 | $ | 5,695 |
$ | 1,543 |
$ | 22,465 |
$ | 1,567 |
||||
扣除收益后的持续资本支出 | (1,367) | (1,160) | (2,031) | (1,299) | ||||||||
已支付的财务费用 | (3,278) | (3,058) | (7,210) | (5,491) | ||||||||
租赁付款 | (1,635) | (1,963) | (3,167) | (4,361) | ||||||||
自由现金流 | $ | (585) | $ | (4,638) | $ | 10,057 |
$ | (9,584) |
Forward-Looking Information
前瞻性信息
Certain statements contained in this news release may constitute forward-looking information under applicable securities law. Forward-looking information may relate to Dexterra's future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as "continue"; "forecast"; "may"; "will"; "project"; "could"; "should"; "expect"; "plan"; "anticipate"; "believe"; "outlook"; "target"; "intend"; "estimate"; "predict"; "might"; "potential"; "continue"; "foresee"; "ensure" or other similar expressions concerning matters that are not historical facts. In particular, statements regarding Dexterra's future operating results and economic performance, including return on equity and Adjusted EBITDA margins; reorganization of the the existing business; its capital light model management, market and inflationary environment expectations, lodge occupancy levels, its leverage, Discontinued Operations, expected closing of the sale of the Modular business, Free Cash Flow, wildfire activity expectations and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions, including expected growth, market recovery, results of operations, performance and business prospects and opportunities regarding Dexterra, the satisfaction of conditions for the sale of the Modular business which Dexterra believes are reasonable as of the current date. While management considers these assumptions to be reasonable based on information currently available to Dexterra, they may prove to be incorrect. Forward-looking information is also subject to certain known and unknown risks, uncertainties and other factors that could cause Dexterra's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward- looking information, including, but not limited to: the ability to retain clients, renew existing contracts and obtain new business; an outbreak of contagious disease that could disrupt its business; the highly competitive nature of the industries in which Dexterra operates; reliance on suppliers and subcontractors; cost inflation; volatility of industry conditions could impact demand for its services; a reduction in the availability of credit could reduce demand for Dexterra's products and services; Dexterra's significant shareholder may substantially influence its direction and operations and its interests may not align with other shareholders; its significant shareholder's 49% ownership interest may impact the liquidity of the common shares; cash flow may not be sufficient to fund its ongoing activities at all times; loss of key personnel; the failure to receive or renew permits or security clearances; significant legal proceedings or regulatory proceedings/changes; environmental damage and liability is an operating risk in the industries in which Dexterra operates; climate changes could increase Dexterra's operating costs and reduce demand for its services; liabilities for failure to comply with public procurement laws and regulations; any deterioration in safety performance could result in a decline in the demand for its products and services; failure to realize anticipated benefits of acquisitions and dispositions; inability to develop and maintain relationships with Indigenous communities; the seasonality of Dexterra's business; inability to restore or replace critical capacity in a timely manner; reputational, competitive and financial risk related to cyber-attacks and breaches; failure to effectively identify and manage disruptive technology; economic downturns can reduce demand for Dexterra's services; its insurance program may not fully cover losses. Additional risks and uncertainties are described in Note 22 of the Corporation's Consolidated Financial Statements for the year ended December 31, 2023 and 2022 contained in its most recent Annual Report filed with securities regulatory authorities in Canada and available on SEDAR at sedarplus.ca. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Dexterra is under no obligation and does not undertake to update or alter this information at any time, except as may be required by applicable securities law.
根据适用的证券法,本新闻稿中包含的某些陈述可能构成前瞻性信息。前瞻性信息可能与Dexterra的未来展望和预期事件、业务、运营、财务业绩、财务状况或业绩有关,在某些情况下,可以通过 “继续”;“预测”;“可能”;“将”;“项目”;“可能”;“应该”;“计划”;“预测”;“相信”;“展望”;“目标”;“打算”;“打算”;“打算”;“打算”;“打算”;“目标”;“打算”;“打算”;“打算”;“打算”;“打算”;“打算”;“目标”;“打算”;“打算”;“打算”;“打算”;“打算”;“打算”;“打算” 估计”;“预测”;“可能”;“潜在”;“继续”;“预见”;“确保” 或其他与非历史事实相关的类似表述。特别是,有关Dexterra未来经营业绩和经济业绩的声明,包括股本回报率和调整后的息税折旧摊销前利润率;现有业务的重组;其资本轻量化模型管理、市场和通货膨胀环境预期、旅馆入住率、杠杆率、已终止业务、模块化业务的预期销售结束、自由现金流、野火活动预期及其目标和战略,均为前瞻性陈述。这些陈述基于某些因素和假设,包括预期增长、市场复苏、经营业绩、业绩和业务前景以及与Dexterra相关的机会,Dexterra认为模块化业务销售条件的满足程度,截至目前为止,模块化业务的销售条件是合理的。尽管根据Dexterra目前获得的信息,管理层认为这些假设是合理的,但它们可能被证明是不正确的。前瞻性信息还受某些已知和未知的风险、不确定性和其他因素的影响,这些因素可能导致Dexterra的实际业绩、业绩或成就与此类前瞻性信息所表达或暗示的任何未来业绩、业绩或成就存在重大差异,包括但不限于:留住客户、续订现有合同和获得新业务的能力;可能扰乱其业务的传染病爆发;Dexterra所处行业的激烈竞争性质运营;对供应商和分包商的依赖;成本膨胀;行业状况的波动可能会影响对其服务的需求;信贷供应的减少可能会减少对德克斯特拉产品和服务的需求;德克斯特拉的大股东可能会严重影响其方向和运营,其利益可能与其他股东不一致;其大股东49%的所有权权益可能会影响普通股的流动性;现金流可能无法随时为其持续活动提供资金;损失关键人员;未能获得或续签许可证或安全许可;重大法律诉讼或监管程序/变更;环境损害和责任是德克斯特拉运营行业的运营风险;气候变化可能会增加德克斯特拉的运营成本并减少对其服务的需求;未能遵守公共采购法律法规的责任;安全绩效的任何恶化都可能导致对其产品和服务的需求下降;未能实现预期的预期收购和处置的好处;无法发展和维持与土著社区的关系;Dexterra业务的季节性;无法及时恢复或更换关键产能;与网络攻击和漏洞相关的声誉、竞争和财务风险;未能有效识别和管理颠覆性技术;经济衰退可能会减少对德克斯特拉服务的需求;其保险计划可能无法完全弥补损失。公司截至2023年12月31日和2022年12月31日止年度的合并财务报表附注22中描述了其他风险和不确定性,该附注载于向加拿大证券监管机构提交的最新年度报告,可在SEDAR上查阅,网址为sedarplus.ca。读者不应过分重视前瞻性信息,也不应从其他任何日期依赖这些信息。除非适用的证券法另有要求,否则Dexterra没有义务且不承诺随时更新或更改这些信息。