Montrose Environmental Group, Inc. (NYSE:MEG) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET Company Participants Rodny Nacier - ICR Vijay Manthripragada - President, CEO & Director Allan Dicks - CFO Conference Call Participants Timothy Mulrooney - William Blair & Company Noelle Dilts - Stifel, Nicolaus & Company Operator Thank you for standing by. This is the conference operator. Welcome to the Montrose Environmental Group, Inc. Third Quarter 2021 Earnings Call. As a reminder, the conference ...

Montrose Environmental Group, Inc. (NYSE:MEG) Q2 2021 Earnings Conference Call August 11, 2021 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President and Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Andrew Obin - Bank of America Jim Ricchiuti - Needham & Company Operator Greetings. Welcome to Montrose Environmental Group, Inc. Second Quarter 2021 Earnings Call. [Operator Instructions] As a ...

The Future of Environmental Solutions DSE Second Quarter 2021 Earnings Call August 11, 2021 Safe Harbor Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ 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: 001-39394 Montrose Environmental Group, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-4195044 ( State or oth ...

The Future of Environmental Solutions DSE Investor Presentation May 2021 Safe Harbor 2 Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or ...

Financial Performance - Revenue increased by 119% year-over-year to $133.8 million in Q1 2021[8] - Adjusted EBITDA increased by 203% year-over-year to $16.8 million in Q1 2021[10] - Adjusted EBITDA margin expanded by 350 basis points year-over-year, reaching 12.6% of revenue in Q1 2021[12] - The company's equity capitalization is approximately $1.7 billion, including $1.4 billion in common equity and $182 million in preferred equity[25] Growth and Strategy - The company anticipates revenue growth exceeding 20% per year for the foreseeable future[14, 26] - The company is focused on organic growth, strategic acquisitions, and market growth driven by regulations, investor priorities, and infrastructure investment[16, 17, 18] - The company expects mid-to-high single digit organic growth in 2021, supplemented by completed acquisitions[26] Capital Structure - The company has a net leverage of 3.1x as of March 31, 2021, as calculated per the credit agreement[24] - The company replaced its credit agreement with a new sustainability-linked credit facility, decreasing the core borrowing rate from 5.50% to LIBOR plus 2.00%[24] - The company has $83 million of availability under the new credit facility as of April 30, 2021, with a $150 million accordion feature for additional capital access[24]

Financial Data and Key Metrics Changes - Revenue increased 119% year-over-year to $133.8 million in Q1 2021, primarily driven by acquisitions, notably CTEH and MSE [30][31] - Adjusted EBITDA grew 203% to $16.8 million, with adjusted EBITDA margin expanding 350 basis points to 12.6% [31][32] - Q1 2021 revenue on a trailing 12-month basis increased 64% compared to the prior-year period [14] Business Line Data and Key Metrics Changes - In the Assessment, Permitting, and Response segment, revenue grew to $75.3 million, with adjusted EBITDA improving to $15.8 million, mainly due to CTEH's acquisition [33] - Measurement and Analysis segment revenue decreased 8% to $33.4 million, primarily due to discontinued service lines and project timing [34] - Remediation and Reuse segment revenues increased 25% year-over-year to $25.1 million, reflecting MSE's acquisition and organic growth [35] Market Data and Key Metrics Changes - The company noted strong demand for environmental services driven by regulatory changes and increased client focus on emissions reduction [12][13] - The political and regulatory landscape is expected to bolster demand for environmental services, particularly with new initiatives from the Biden administration [11] Company Strategy and Development Direction - The company aims for annual revenue growth in excess of 20% and adjusted EBITDA growth faster than revenue [9] - M&A remains a key part of the strategy, with a strong acquisition pipeline and successful integration of recent acquisitions [24][26] - Investments in technology and innovation are expected to drive organic growth and enhance service offerings [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance through 2021, despite challenges in certain markets due to COVID-19 [10][42] - The company anticipates strong cash flow from operations and a long-term conversion of adjusted EBITDA into operating cash flow at a rate exceeding 50% [39] - The outlook for 2021 has been raised, expecting adjusted EBITDA in the range of $63 million to $70 million, up from previous guidance [42] Other Important Information - The company has entered into a new sustainability-linked credit agreement, expanding borrowing capacity and reducing borrowing costs [40] - The Series A-2 preferred stock has no maturity date, providing flexibility in capital structure [41] Q&A Session Summary Question: Impact of SG&A scaling and temporary cost savings - Management indicated that temporary labor costs were reinstated in Q1, impacting operating margins, with full impact expected in Q2 [50][52] Question: Concerns about Remediation and Reuse segment margins - Management expressed confidence in responding to increased demand and noted that margin normalization is expected in the latter half of the year [56][58] Question: Assessment of COVID-related work and future performance - Management clarified that the strong Q1 performance was driven by pandemic response work, but they expect normalization in Q3 and Q4 [66] Question: M&A environment and pricing - Management noted that while broader market expectations are high, they remain focused on smaller, strategic acquisitions without shifting from their disciplined approach to acquisition multiples [72] Question: Leak detection business and regulatory changes - Management highlighted that recent regulatory activity around methane emissions is expected to positively impact their leak detection business [75][76] Question: Investments in IT and commercialization - Management reported that investments in CRM systems have led to increased cross-selling opportunities across segments [81][82] Question: Market for greenhouse gas emissions monitoring - Management acknowledged the growing demand for emissions measurement and mitigation services across various industries, driven by public policy [88][90] Question: Infrastructure bill impact - Management indicated that the most significant opportunities from the infrastructure bill are expected in the assessment and advisory segments [95][96]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q OR ☐ 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: 001-39394 Montrose Environmental Group, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-4195044 ( State or other jurisdiction of incorporation or organization) 1 Park Plaza, Suite 1000 Irvine, California 92614 (Address of principal executive offices) (Zip ...

The Future of Environmental Solutions DSE Fourth Quarter 2020 Earnings Call March 24, 2021 Safe Harbor Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate ...

Montrose Environmental Group, Inc. (NYSE:MEG) Q4 2020 Results Conference Call March 24, 2021 5:00 PM ET Company Participants Rodney Nacier - Investor Relations Vijay Manthripragada - President and Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham & Company Tim Mulrooney - William Blair Andrew Obin - Bank of America Jim Ricchiuti - Needham & Company Noelle Dilts - Stifel Operator Greetings and welcome to Montrose Environmental Group Inc., Fourt ...