WILLSCOT MOBILE MINI HOLDINGS CORP.
Segment Results
| WillScot Mobile Mini Supplemental Report | |||||
| (in thousands, except for units on rent and monthly rental rate) | |||||
| For additional non-GAAP disclosures, please refer to accompanying investor presentation. | |||||
| Please note that this document does not contain any new financial information or metrics relative to our other filings. | |||||
| Quarterly Results for the three months ended March 31, 2022 and for the twelve months ended December 31, 2021 | |||||
| NA Modular - 2022 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 299,686 | $ 299,686 | |||
| Gross profit | $ 128,931 | $ 128,931 | |||
| Adjusted EBITDA | $ 103,948 | $ 103,948 | |||
| Capital expenditures for rental equipment | $ 57,577 | $ 57,577 | |||
| Average modular space units on rent | 85,007 | 85,007 | |||
| Average modular space utilization rate | 67.0 % | 67.0 % | |||
| Average modular space monthly rental rate | $ 884 | $ 884 | |||
| Average portable storage units on rent | 463 | 463 | |||
| Average portable storage utilization rate | 52.6 % | 52.6 % | |||
| Average portable storage monthly rental rate | $ 160 | $ 160 | |||
| NA Modular - 2021 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 266,224 | $ 289,382 | $ 299,051 | $ 309,522 | $ 1,164,179 |
| Gross profit | $ 113,002 | $ 116,136 | $ 127,854 | $ 139,453 | $ 496,445 |
| Adjusted EBITDA | $ 97,371 | $ 103,545 | $ 106,825 | $ 115,263 | $ 423,004 |
| Capital expenditures for rental equipment | $ 39,135 | $ 49,364 | $ 31,789 | $ 67,207 | $ 187,495 |
| Average modular space units on rent | 84,795 | 84,754 | 84,218 | 84,328 | 84,524 |
| Average modular space utilization rate | 67.6 % | 67.7 % | 67.6 % | 67.5 % | 67.6 % |
| Average modular space monthly rental rate | $ 737 | $ 801 | $ 834 | $ 866 | $ 809 |
| Average portable storage units on rent | 14,903 | 13,301 | 493 | 552 | 7,312 |
| Average portable storage utilization rate | 60.3 % | 69.8 % | 48.0 % | 62.7 % | 68.8 % |
| Average portable storage monthly rental rate | $ 124 | $ 133 | $ 179 | $ 228 | $ 131 |
| NA Storage - 2022 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 151,484 | $ 151,484 | |||
| Gross profit | $ 105,130 | $ 105,130 | |||
| Adjusted EBITDA | $ 63,825 | $ 63,825 | |||
| Capital expenditures for rental equipment | $ 20,171 | $ 20,171 | |||
| Average modular space units on rent | 18,559 | 18,559 | |||
| Average modular space utilization rate | 76.3 % | 76.3 % | |||
| Average modular space monthly rental rate | $ 594 | $ 594 | |||
| Average portable storage units on rent | 152,326 | 152,326 | |||
| Average portable storage utilization rate | 83.2 % | 83.2 % | |||
| Average portable storage monthly rental rate | $ 166 | $ 166 | |||
| NA Storage - 2021 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 107,748 | $ 115,794 | $ 133,897 | $ 151,363 | $ 508,802 |
| Gross profit | $ 72,619 | $ 75,721 | $ 92,496 | $ 107,423 | $ 348,259 |
| Adjusted EBITDA | $ 46,322 | $ 49,526 | $ 59,123 | $ 71,629 | $ 226,600 |
| Capital expenditures for rental equipment | $ 3,472 | $ 8,773 | $ 11,920 | $ 21,261 | $ 45,426 |
| Average modular space units on rent | 16,439 | 16,360 | 16,316 | 18,006 | 16,780 |
| Average modular space utilization rate | 79.4 % | 78.4 % | 77.6 % | 78.8 % | 78.5 % |
| Average modular space monthly rental rate | $ 535 | $ 573 | $ 602 | $ 617 | $ 582 |
| Average portable storage units on rent | 105,810 | 112,862 | 137,123 | 158,055 | 128,463 |
| Average portable storage utilization rate | 73.9 % | 76.1 % | 83.2 % | 88.1 % | 80.9 % |
| Average portable storage monthly rental rate | $ 148 | $ 151 | $ 155 | $ 163 | $ 155 |
| UK Storage - 2022 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 27,440 | $ 27,440 | |||
| Gross profit | $ 17,921 | $ 17,921 | |||
| Adjusted EBITDA | $ 12,544 | $ 12,544 | |||
| Capital expenditures for rental equipment | $ 9,615 | $ 9,615 | |||
| Average modular space units on rent | 8,453 | 8,453 | |||
| Average modular space utilization rate | 73.7 % | 73.7 % | |||
| Average modular space monthly rental rate | $ 428 | $ 428 | |||
| Average portable storage units on rent | 27,448 | 27,448 | |||
| Average portable storage utilization rate | 89.8 % | 89.8 % | |||
| Average portable storage monthly rental rate | $ 94 | $ 94 | |||
| UK Storage - 2021 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 27,007 | $ 28,432 | $ 28,099 | $ 27,487 | $ 111,025 |
| Gross profit | $ 16,493 | $ 17,937 | $ 18,876 | $ 17,936 | $ 71,242 |
| Adjusted EBITDA | $ 11,064 | $ 12,328 | $ 13,255 | $ 12,392 | $ 49,039 |
| Capital expenditures for rental equipment | $ 6,770 | $ 4,226 | $ 11,649 | $ 5,185 | $ 27,830 |
| Average modular space units on rent | 9,115 | 9,354 | 9,298 | 8,627 | 9,098 |
| Average modular space utilization rate | 83.8 % | 84.3 % | 83.4 % | 76.7 % | 82.0 % |
| Average modular space monthly rental rate | $ 404 | $ 438 | $ 454 | $ 439 | $ 434 |
| Average portable storage units on rent | 24,647 | 25,573 | 25,632 | 26,911 | 25,691 |
| Average portable storage utilization rate | 89.2 % | 91.8 % | 89.1 % | 90.6 % | 90.2 % |
| Average portable storage monthly rental rate | $ 82 | $ 88 | $ 90 | $ 91 | $ 88 |
| Tank and Pump Solutions - 2022 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 30,284 | $ 30,284 | |||
| Gross profit | $ 14,833 | $ 14,833 | |||
| Adjusted EBITDA | $ 11,506 | $ 11,506 | |||
| Capital expenditures for rental equipment | $ 7,873 | $ 7,873 | |||
| Average tank and pump solutions rental fleet utilization based on original equipment cost | 75.8 % | 75.8 % | |||
| Tank and Pump Solutions - 2021 | |||||
| Q1 | Q2 | Q3 | Q4 | Total | |
| Revenue | $ 24,344 | $ 27,494 | $ 29,505 | $ 29,548 | $ 110,891 |
| Gross profit | $ 11,266 | $ 13,016 | $ 14,323 | $ 13,657 | $ 52,263 |
| Adjusted EBITDA | $ 8,828 | $ 10,096 | $ 10,946 | $ 11,880 | $ 41,750 |
| Capital expenditures for rental equipment | $ 3,158 | $ 2,919 | $ 5,016 | $ 6,654 | $ 17,747 |
| Average tank and pump solutions rental fleet utilization based on original equipment cost | 67.4 % | 71.2 % | 74.8 % | 75.5 % | 72.3 % |
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Willscot Mobile Mini Holdings Corporation published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 14:02:10 UTC.
