Mistras Group, Inc. (NYSE:MG) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Dennis Bertolotti - President and Chief Executive Officer Edward Prajzner - Executive Vice President, Chief Executive Officer and Treasurer Jonathan Wolk - Senior Executive Vice President and Chief Operations Officer Conference Call Participants Mitch Pinheiro - Sturdivant Chris Sakai - Singular Research Operator Good day, ladies and gentlemen. And thank you for joining MISTRAS Group's Conference Call ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 March 31, 2022 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 001-34481 Mistras Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3341267 (St ...

For the fiscal year ended December 31, 2021 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ 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 001-34481 Mistras Group, Inc. (Exact name of registrant as specified in its charter) Delaware 22-3341267 (State or other jurisdiction of inc ...

Financial Data and Key Metrics Changes - Revenues for the full year increased over 14% and gross profit dollars were up over 10% [4] - Adjusted EBITDA for the fourth quarter was in line with expectations, with a year-over-year increase of over 21% [4][19] - Selling, general, and administrative expenses increased only 2.7% for the full year, significantly below the annual revenue growth rate [22] - Free cash flow generated in the fourth quarter was over $16 million, contributing to a total debt reduction of over $90 million over the last three years [5][23] Business Line Data and Key Metrics Changes - Revenue in the energy sector was up nearly 17% in 2021, with expectations for continued growth as the market rebounds [6] - Aerospace and defense revenues were down less than 3% for the full year, with expectations for recovery in the second half of 2022 [13][24] - Significant growth was noted in the other Process Industries segment, including pharmaceuticals and agriculture [15] Market Data and Key Metrics Changes - Crude oil prices have significantly exceeded pre-pandemic levels, positively impacting energy industry customers [9][24] - The ongoing conflict in Ukraine has caused volatility in the oil and gas market, but has not yet significantly impacted current business [15][25] Company Strategy and Development Direction - The company is transitioning to a more data-centric organization, focusing on digital solutions like OneSuite and Sensoria to enhance customer ROI [28][30] - Plans to expand into renewable energy and private space markets are underway, driven by increased regulation and compliance requirements [29][30] - The company aims to reduce outstanding debt and is considering strategic acquisitions to enhance growth once debt levels are lowered [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining growth momentum throughout 2022, particularly in the second half of the year [17][24] - The company anticipates a low single-digit revenue increase for the first quarter of 2022 compared to the same period in 2021 [24] - Management acknowledged the potential risks from geopolitical tensions and inflationary pressures but remains committed to cost containment and strategic investments [25][26] Other Important Information - The company generated significant free cash flow, with a conversion rate of over 100% in the fourth quarter [19] - The effective income tax rate for the full year was approximately 47%, with an anticipated rate of around 30% for 2022 [20] Q&A Session Summary Question: Can you compare the first quarter of 2022 guidance with the fourth quarter? - Management noted that the fourth quarter saw strong activity, particularly in the energy sector, but expects a more normalized growth pattern in the first quarter of 2022 due to seasonal adjustments [37][39] Question: What is the market opportunity for Sensoria? - Management indicated that while the current capacity is limited, they are focused on proving their technology and building credibility with customers before scaling up [40][41] Question: Will aerospace and defense revenues recover to pre-pandemic levels? - Management believes that with strong growth in private space and defense, they can approach pre-pandemic revenue levels by the latter part of 2023 [46][47] Question: What does revenue look like with a thousand turbines under monitoring? - Management explained that revenue would come from installation, monitoring, and maintenance, with significant potential for margin growth [52][54] Question: Is there a sweet spot for energy market operations? - Management stated that volatility in energy prices complicates planning for capital allocations, but there is pent-up demand for maintenance that will need to be addressed [60][64]

MISTRAS Group, Inc. (NYSE:MG) Q3 2021 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Dennis Bertolotti - President and CEO Edward Prajzner - EVP, CFO and Treasurer Jonathan Wolk - Senior EVP and COO Conference Call Participants Alex Dwyer - KeyBanc Capital David Ridley-Lane - Bank of America Tate Sullivan - Maxim Group Mitchell Pinheiro - Sturdivant Brian Russo - Sidoti Operator Thank you for joining MISTRAS Group's Conference Call for the Third Quarter Ended September 30, 2021. M ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 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 001-34481 Mistras Group, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Delaware 22-3341267 ...

MISTRAS Group, Inc. (NYSE:MG) Q2 2021 Results Earnings Conference Call August 3, 2021 9:00 AM ET Company Participants Dennis Bertolotti - President and Chief Executive Officer Edward Prajzner - Executive Vice President, Chief Financial Officer and Treasurer Jonathan Wolk - Senior Executive Vice President and Chief Operating Officer Conference Call Participants David Ridley-Lane - Bank of America Merrill Lynch Alex Dwyer - KeyBanc Capital Markets Brian Russo - Sidoti & Company Mitchell Pinheiro - Sturdivant ...

Washington, D.C. 20549 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 001-34481 Mistras Group, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark w ...

Mistras Group, Inc. (NYSE:MG) Q1 2021 Earnings Conference Call May 6, 2021 9:00 AM ET Company Participants Dennis Bertolotti - President and Chief Executive Officer Ed Prajzner - Executive Vice President, Chief Financial Officer and Treasurer Jon Wolk - Senior Executive Vice President and Chief Operating Officer Conference Call Participants Brian Russo - Sidoti & Company Operator Thank you for joining Mistras Group???s Conference Call for its First Quarter ended March 31, 2021. My name is Mattie and I will ...

Revenue Performance - Revenue for the three months ended March 31, 2021, was $153.7 million, a decrease of $5.7 million, or 3.6%, compared to the same period in 2020[159] - Revenue from the Services segment decreased by 3.6% to $124.3 million, while the International segment revenue decreased by 4.9% to $27.6 million[160] - Products and Systems segment revenue increased by 6.2% to $3.0 million, driven by organic growth[161] - Oil and gas customer revenue comprised approximately 60% of total revenue for the three months ended March 31, 2021, compared to 58% in 2020[162] Profitability - Gross profit for the same period was $40.0 million, representing a gross profit margin of 26.0%, compared to 25.5% in 2020[158] - Gross profit for the three months ended March 31, 2021, was $40.0 million, a decrease from $40.6 million in 2020, with a gross profit margin of 26.0% compared to 25.5% in the prior year[165] - The Products and Systems segment saw a significant increase in gross margin to 42.9%, up 2,980 basis points from 13.1% in 2020, attributed to a favorable sales mix[166] Operational Loss - Loss from operations was $4.7 million, or (3.1)% of revenue, significantly improved from a loss of $111.2 million, or (69.8)% of revenue, in the prior year[158] - The loss from operations (GAAP) decreased by $106.5 million, or 96%, compared to the same period in 2020, while the loss before special items (non-GAAP) decreased by $2.5 million, or 43%[171] Cash Position - The Company maintained a strong cash position with a cash balance of approximately $24.2 million as of March 31, 2021[153] - As of March 31, 2021, the company had cash and cash equivalents of $24.2 million and available borrowing capacity of $45.6 million under its Credit Agreement[184] - Cash provided by operating activities was $3.1 million, a decrease of $3.0 million, or 48%, year-on-year, mainly due to movements in working capital[179] - The company reported a net change in cash and cash equivalents of $(1.6) million for the three months ended March 31, 2021, compared to an increase of $2.0 million in 2020[177] Cost Management - The Company has implemented a temporary cost reduction and efficiency program in response to the economic downturn[153] - Operating expenses decreased by $107.1 million, or 71%, primarily due to the absence of impairment charges, which were $106.1 million in 2020[168] Market Conditions - The impact of COVID-19 has disrupted project timing and purchases, contributing to revenue declines across most segments[161] - The Company continues to monitor market conditions and adapt strategies in light of ongoing economic uncertainties, including oil price volatility and climate change initiatives[155] Interest and Tax - Interest expense increased to approximately $3.2 million for the three months ended March 31, 2021, compared to $2.8 million in 2020, due to higher interest rates on long-term debt[172] - The effective income tax rate was approximately 32.7% for the three months ended March 31, 2021, compared to 13.6% in 2020, influenced by the capitalization of certain non-US intercompany balances[173] Compliance - The company remains in compliance with the terms of its Credit Agreement and will continue to monitor compliance with the covenants[185]