Boyd Services : Q4 2021 Boyd Group Investor Fact Sheet

Boyd Group Services Inc.

Q4 2021 Fact Sheet

PROFILE

Boyd Group Services Inc. ("BGSI"), through its operating company, The Boyd Group Inc. and its subsidiaries

("Boyd" or the "Company"), is one of the largest operators of non-franchised collision repair centers in North

America in terms of number of locations and sales. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a major retail auto glass operator in the U.S. under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services ("GNCS"), that offers glass, emergency roadside and first notice of loss services. The following is a geographic breakdown of the collision repair locations, including intake centers, and trade names.

CO LLISIO N LO C AT IO NS
			BOYD AUTOBODY & GLASS (CANADA)
841 Locations Across North America	➩British Columbia	17
➩Manitoba	13
			➩Alberta	14
			➩Saskatchewan	4
			Total Locations	48
			ASSURED AUTOMOTIVE (CANADA)
			➩Ontario	84
			Total Locations	84
			GERBER COLLISION & GLASS (U.S.)
			➩ Michigan	74
			➩ Illinois	71
			➩ Florida	69
			➩ New York	40
			➩ Washington	38
			➩ Indiana	37
			➩ Georgia	35
			➩ North Carolina	32
			➩ Ohio	32
			➩ Wisconsin	30
			➩ Arizona	27
			➩ Oklahoma	27
			➩ California	25
			➩ Texas	24
			➩ Colorado	21
			➩ South Carolina	18
			➩ Louisiana	14
			➩ Kansas	13
Hawaii			➩ Maryland	12
			➩ Oregon	12
			➩ Nevada	10
			➩ Tennessee	10
			➩ Pennsylvania	9
			➩ Alabama	7
			➩ Missouri	7
			➩ Kentucky	4
			➩ Utah	4
			➩ Hawaii	3
			➩ Arkansas	2
			➩ Idaho	1
			➩ Iowa	1
			Total Locations	709
B U S I N E S S STRATEGY
		Operational		Expense
		excellence		management
		Enhance	THE BOYD
	Shareholders	Shareholder
	GROUP
		Value

MARKET FACTS

TSX Symbol: BYD.TO

Close Price (January 3, 2021): C$199.62

52-week Range: C$183.00-267.00

Shares Outstanding: 21.5M

Market Capitalization: C$4,257.1M

Annualized Dividend (per share): C$0.576

Current Yield: 0.3%

MANAGEMENT

Timothy O'Day

President & CEO

Narendra "Pat" Pathipati

Executive Vice President & CFO

Brock Bulbuck

Executive Chair

DIRECTORS

David Brown (Independent Chair)

Brock Bulbuck

Robert Espey

Robert Gross

John Hartmann

Violet Konkle

Timothy O'Day

William Onuwa

Sally Savoia

CONTACT INFORMATION

Corporate Headquarters The Boyd Group Inc.

1745 Ellice Avenue, Unit C1 Winnipeg, Manitoba

R3H 1A6

Tel: 204·895·1244

Fax: 204·895·1283 [e-mail]

www.boydgroup.com

New location and	Same-store sales growth and optimize
acquisition growth	returns from existing operations

FINANCIAL SUMMARY

SALES (C$ millions)

2,500

2,000

1,500

1,000

500

0

18 19 20

ADJUSTED EBITDA* (C$ millions)

350

300

250

200

150

100

50

0

181920

*Adjusted EBITDA for 2018 is shown on a Pre-IFRS 16 basis. Adjusted EBITDA for 2019 and 2020 are shown on a Post-IFRS 16 basis.

INVESTOR RELATIONS

Timothy O'Day

President & CEO

Boyd Group Services Inc. 847·410·6002 [e-mail]

Narendra "Pat" Pathipati

Executive Vice President & CFO Boyd Group Services Inc. 204·895·1244 [e-mail]

Craig MacPhail Investor Relations 416·586·1938 [e-mail]

ANALYST COVERAGE

Chris Murray

	Three months ended	Nine months ended
(in US$ millions, except per share and	Sept 30, 2021	Sept 30, 2020	Sept 30, 2021	Sept 30, 2020
% amounts)
Sales	$490.2	$381.7	$1,356.5	$1,157.5
Gross Profit	$215.7	$180.3	$614.8	$533.9
Adjusted EBITDA*	$51.5	$63.5	$162.2	$159.6
Adjusted EBITDA Margin*	10.5%	16.6%	12.0%	13.8%
Adjusted Net Earnings*	$2.4	$16.4	$22.1	$26.8
Adjusted Net Earnings* per share	$0.11	$0.76	$1.03	$1.28

*Adjusted EBITDA and adjusted net earnings are not recognized measures under International Financial Reporting Standards ("IFRS"). Adjusted EBITDA has been presented above on a post-IFRS 16 basis. See BGSI's Q3 2021 MD&A for more information.

ATB Capital Markets

Jonathan Lamers

BMO Capital Markets

Krista Friesen

CIBC World Markets

Jeff Fenwick

Cormark Securities

David Newman

Desjardins

Kate McShane

Goldman Sachs & Co.

Bret Jordan

Jefferies

Nauman Satti

Laurentian Bank Securities

Zachary Evershed

National Bank Financial

Steve Hansen

Raymond James

Michael Doumet

Scotia Capital

Maggie MacDougall

Stifel GMP

Daryl Young

TD Securities

S U M M ARY

STABILITY

+

GROWTH

=

SHAREHOLDER VALUE

• Strong balance sheet
• Insurer preference for MSOs
• Recession resilient
• US$37 billion fragmented industry
• High ROIC growth strategy
• Market leader/consolidator in North America
• Cash dividends/ conservative payout ratio
• 5-yeartotal shareholder return of 243.87%

Focus on

enhancing

shareholders'

value