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$0.576
Current Yield: 0.3%
MANAGEMENT
Timothy O'Day
President & CEO
Narendra "Pat" Pathipati
Executive Vice President & CFO
Brock Bulbuck
Executive Chair
DIRECTORS
David Brown (Independent Chair)
Brock Bulbuck
Robert Espey
Robert Gross
John Hartmann
Violet Konkle
Timothy O'Day
William Onuwa
Sally Savoia
CONTACT INFORMATION
Corporate Headquarters The Boyd Group Inc.
1745 Ellice Avenue, Unit C1 Winnipeg, Manitoba
R3H 1A6
Tel: 204·895·1244
Fax: 204·895·1283 info@boydgroup.com
www.boydgroup.com
New location and | Same-store sales growth and optimize |
acquisition growth | returns from existing operations |
FINANCIAL SUMMARY
SALES (C$ 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 tim.oday@boydgroup.com
Narendra "Pat" Pathipati
Executive Vice President & CFO Boyd Group Services Inc. 204·895·1244 pat.pathipati@boydgroup.com
Craig MacPhail Investor Relations 416·586·1938 cmacphail@national.ca
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
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Disclaimer
Boyd Group Services Inc. published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2022 21:47:05 UTC.