Custom Truck One Source, Inc. (NYSE:CTOS) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Brian Peman - IR Ryan McMonagle - CEO Chris Eperjesy - CFO Conference Call Participants Mike Shlisky - D.A. Davidson Tami Zakaria - JPMorgan Justin Hauke - Robert W. Baird Operator Ladies and gentlemen, thank you for standing by, and welcome to Custom Truck One Sources First Quarter 2023 Earnings Conference Call. Please note this conference call is being recorded. I would now like to hand t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38186 _______________________________ CUSTOM TRUCK ONE SOURCE, INC. (Exact na ...

Custom Truck One Source 4th Quarter 2022 Investor Presentation March 14, 2023 CONFIDENTIAL DRAFT 1 2 This presentation includes certain financial measures that have not been prepared in a manner that complies with generally accepted accounting principles in the United States ("GAAP"), including, without limitation, EBITDA, Adjusted EBITDA, Pro Forma Adjusted EBITDA, Adjusted Gross Profit and Pro Forma Adjusted Gross Profit (collectively, the "non-GAAP financial measures"). These non-GAAP financial measures ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET Company Participants Brian Perman - VP, IR Fred Ross - CEO Ryan McMonagle - President and COO Chris Eperjesy - CFO Conference Call Participants Scott Schneeberger - Oppenheimer Michael Shlisky - D.A. Davidson Companies Kenneth Chung - Citigroup Noelle Dilts - Stifel Justin Hauke - Robert W. Baird Operator Ladies and gentlemen, thank you for standing by and welcome to the Custom Truck One Sources. Fourth Quar ...

公司收购 - 2021年4月1日，Custom Truck One Source, Inc.完成了对Custom Truck LP的收购，收购价格为15亿美元[188] 营收来源 - 2021年12月31日，公司的营收主要来自于租赁协议和向客户收取的运费，租赁收入占主要比例[193] 租赁设备折旧费用 - 公司的租赁设备折旧费用是指租赁设备的折旧费用，按照设备的可租赁寿命进行分配[196] 主要终端市场 - 公司主要关注四个主要终端市场：电力公用事业传输和分配、电信、铁路、林业、废物管理和基础设施[221] 财务数据 - 2022年12月31日结束的年度总收入为1,573,086,000美元，同比增长34.8%[224] - 净利润为38,905,000美元，较上一年有较大增长[224] - 结束OEC为1,455,820,000美元，同比增长6.8%[231] - 平均OEC租金为1,187,950,000美元，同比增长23.7%[231] - 车队利用率为83.9%，同比增长3.3%[231] - OEC租金收益率为39.1%，同比增长2.9%[233] - 销售订单积压为754,142,000美元，同比增长83.2%[231] - 销售订单积压量增加，主要受持续强劲客户需求推动[234] - 调整后的调整后的EBITDA为392,978,000美元，较2021年增加了115,194,000美元，增长41.5%[236] 各部门业绩 - ERS部门2022年总收入为661,254,000美元，较2021年增长202,262,000美元，主要受Custom Truck LP收入增加和租赁设备和设备销售的强劲客户需求推动[242] - TES部门2022年设备销售额为770,195,000美元，较2021年增长180,296,000美元，主要由于供应链挑战改善，客户需求增加，销售订单积压增加和产品价格环境积极等因素[245] - APS部门2022年总收入为141,637,000美元，较2021年增长24,374,000美元，主要由于零部件、工具和配件销售需求增长，部分抵消了工具和配件租赁减少[248] 财务费用 - 财报电话会议中提到了2022年实际净利润为38,905,000美元，2021年的调整后净利润为-90,521,000美元[262] - 2022年实际利息支出为76,265,000美元，2021年调整后为71,204,000美元[262] - 2022年实际折旧和摊销费用为223,483,000美元，2021年调整后为243,570,000美元[262] 财务报表调整 - 公司在2021年的财务报表中扣除了与收购相关的交易费用[259] - 公司在2021年的财务报表中扣除了债务偿还损失[260] - 公司在2021年的财务报表中扣除了与收购相关的利息费用[261] - 公司在2021年的财务报表中扣除了非现金购买会计影响、交易和整合成本、股权支付等费用[262] - 公司在2021年的财务报表中扣除了与收购相关的交易和流程改进成本[263] - 公司在2021年的财务报表中扣除了与利率套期交易和权证价值变动相关的费用[264] 债务情况 - 2029年担保票据发行额为9.2亿美元，每年支付利息，直至2029年到期[285] - 2029年担保票据和相关担保与公司的次级债务和无担保债务优先支付[286] - 2029年担保票据可在2024年4月15日开始按不同年份的回购价格赎回[288] 现金流 - 公司管理现金流通过支付ABL Facility的未偿余额等方式[299] - 2022年度经营活动现金流为4,600万美元，较2021年减少[300] - 2022年度投资活动现金流为负21.89亿美元，较2021年减少[301] - 2022年度融资活动现金流为1.539亿美元，较2021年减少[302] 资产估值 - 公司对租赁设备和固定资产的有用寿命和残值进行了估计[305] - 公司考虑了客户需求和设备状况等因素来确定设备的有用寿命和残值[306] - 公司通过收购企业来获取资产和承担负债，其中租赁设备占总资产的39%至58%[307],[310] - 公司对无形资产的估值主要涉及未来现金流量的预测，包括客户需求、市场基础设施投资、设备供应等因素[309],[310] - 公司对商誉进行至少每年一次的减值测试，主要涉及预期未来现金流量和市场价值的估算[311],[313] - 公司对应收账款进行信用损失估计，考虑历史信用损失、客户支付能力、行业趋势等因素[314] 税务 - 公司根据资产负债法会计方法处理所得税，包括确认递延税资产和负债[315] - 公司对递延所得税资产的实现进行季度评估，需要足够的可预期税收收入来抵消递延所得税资产[316] - 公司对未来可利用的税收项目进行估计，不考虑未来税收收入的预测[317] 风险管理 - 公司面临利率市场风险和汇率风险，利率变化可能影响利息支出，汇率波动可能影响收入[319],[322]

Custom Truck One Source, Inc. (NYSE:CTOS) Q3 2022 Results Conference Call November 8, 2022 5:00 PM ET | --- | |-------------------------------------------------------------------------| | | | Company Participants | | Brian Perman - VP, IR | | Fred Ross - CEO Ryan McMonagle - President and COO Chris Eperjesy - CFO | | Conference Call Participants | | Nicole DeBlase - Deutsche Bank Justin Hauke - Baird | | Stefanos Crist - CJS Securities Noelle Dilts - Stifel | | Scott Schneeberger - Oppenheimer | Operator Gr ...

1 CONFIDENTIAL DRAFT Custom Truck One Source 2nd Quarter 2022 Investor Presentation August 9, 2022 2 2 Forward-Looking Statements This presentation includes certain financial measures that have not been prepared in a manner that complies with generally accepted accounting principles in the United States ("GAAP"), including, without limitation, EBITDA, Adjusted EBITDA, and Pro Forma Adjusted EBITDA (collectively, the "non-GAAP financial measures"). These non-GAAP financial measures are not measures of financ ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q2 2022 Earnings Conference Call August 9, 2022 5:00 PM ET Company Participants Brian Perman - Vice President-Investor Relations Fred Ross - Chief Executive Officer Ryan McMonagle - President and Chief Operating Officer Todd Barrett - Interim Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Nicole DeBlase - Deutsche Bank Stefanos Crist - CJS Securities Noelle Dilts - Stifel Justin Hauke - Robert W. Baird Operator Ladies and gentl ...

1 CONFIDENTIAL DRAFT Custom Truck One Source 1st Quarter 2022 Investor Presentation May 10, 2022 2 2 Forward-Looking Statements This presentation includes certain financial measures that have not been prepared in a manner that complies with generally accepted accounting principles in the United States ("GAAP"), including, without limitation, EBITDA, Adjusted EBITDA, and Pro Forma Adjusted EBITDA (collectively, the "non-GAAP financial measures"). These non-GAAP financial measures are not measures of financia ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Participants Brian Perman - Vice President-Investor Relations Fred Ross - Chief Executive Officer Ryan McMonagle - President & Chief Operating Officer Brad Meader - Chief Financial Officer Todd Barrett - Chief Accounting Officer Conference Call Participants Justin Hauke - Baird Nicole DeBlase - Deutsche Bank Stefanos Crist - CJS Securities Scott Schneeberger - Oppenheimer Noelle Dilts - Stifel Operator ...