Tecnoglass Inc. (NYSE:TGLS) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Brad Cray - Investor Relations José Manuel Daes - Chief Executive Officer Chris Daes - Chief Operating Officer Santiago Giraldo - Chief Financial Officer Conference Call Participants Julio Romero - Sidoti & Company Brent Thielman - D. A. Davidson Alex Rygiel - B. Riley Tim Wojs - Baird Operator Hello, and welcome to the Tecnoglass, Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions ...

50 United Nations- New York, U.S. This presentation (including any information which has been or may be supplied in writing or orally in connection herewith or in connection with any further inquiries, this "Presentation") contains information regarding Tecnoglass Inc. and its subsidiaries, as applicable, where it holds a direct or indirect interest (together "Tecnoglass" or the "Company") that is confidential and proprietary to the Company. We have prepared this document solely for informational purposes. ...

Company Overview - Tecnoglass was rated the third largest glass fabricator in 2022 by Glass Magazine, with 96% of revenues coming from the United States[27]. - The company has a manufacturing facility of 4.1 million square feet in Barranquilla, Colombia, providing easy access to major markets[31]. - Tecnoglass was ranked as the third largest glass fabricator in the United States in 2022 by Glass Magazine[225]. - The company has almost 40 years of experience in architectural glass and aluminum profile structure assembly[226]. Market Presence - The company expanded its presence in U.S. residential markets from less than 5% of sales to nearly 43% for the full year 2022[35]. - Sales in Florida accounted for 91% of total U.S. revenue for the year ended December 31, 2022, with nearly 24% of the U.S. backlog for projects outside Florida[59]. - U.S. residential sales represented 43% of total sales for the year ended December 31, 2022, up from less than 5% in 2017 and 36% in 2021[62]. - The U.S. private residential construction market exceeded $950 billion in spending during the twelve months ended December 31, 2022[62]. - As of December 31, 2022, 98% of the company's sales were to customers outside Colombia, primarily in the United States and Panama[167]. Financial Performance - The company generated $141.9 million in cash from operating activities during the year ended December 31, 2022, attributed to record high operating profit margins and enhanced working capital management[73]. - The company has a $300 million Senior Secured Credit Facility, with a reduced borrowing cost of approximately 130 basis points after an amendment in November 2021, resulting in annual savings of about $15 million[75]. - The company had a total of 8,770 employees as of December 31, 2022, an increase from 6,908 employees in 2021, reflecting growth in operations[92]. - As of December 31, 2022, the company and its subsidiaries had a total debt of $173.2 million[150]. - The company’s reliance on temporary staffing could expose it to penalties and sanctions if labor laws are violated[118]. Operational Efficiency - Since 2012, Tecnoglass has invested over $400 million in technology to enhance production efficiency and product quality[49]. - Recent automation projects are expected to reduce on-site damage by 30% and increase aluminum capacity by approximately 400 tons/month[53]. - The company improved efficiency in glass production during 2021 and 2022 by automating key manufacturing processes, reducing material waste and lead times[65]. - The company has invested in technology, including a soft-coating facility for low emissivity glass, to meet growing demand for energy-efficient products[63]. - The company has implemented budget cuts and stricter controls on working capital to preserve cash in response to market conditions[204]. Sustainability and Compliance - The company has implemented a solar panel project generating approximately five megawatts of eco-friendly energy, reducing energy costs[45]. - The company has a strong commitment to sustainability, adhering to UN Global Compact Principles and aiming for carbon neutrality by 2050[36]. - The company maintains compliance with multiple safety and environmental regulations, which are critical for its operations in the construction market[89]. - The company has made significant capital expenditures in recent years, but there is no assurance that anticipated cost-saving initiatives will be achieved[111]. - The company has implemented compliance measures for U.S. export controls and trade sanctions, but failure to comply could result in legal and business consequences[188]. Risks and Challenges - The company faces risks related to the integration of acquired businesses, which may not perform as expected and could increase costs[109]. - The architectural glass industry is subject to cyclical market pressures, which could negatively impact the company's results of operations[128]. - The company may face significant liabilities from acquired businesses, including tax and environmental liabilities[110]. - The company is subject to various local, state, and federal regulations that could negatively affect sales and operations in the home building and repair sectors[114]. - The ongoing conflict between Russia and Ukraine has led to increased prices of oil and fluctuations in commodity markets, impacting the global economy[171]. Employee and Workplace Safety - Employee training programs have resulted in a workplace injury rate of one accident per 28 workers per year, significantly lower than the industry average[55]. - The Lost Time Injury Frequency Rate is 3.5%, significantly lower than the industry average of 9.5% for glass and metal manufacturing in Colombia, indicating effective safety management[92]. - The company has transitioned all employees back to physical presence at the workplace, mitigating certain risks associated with remote work[207]. Economic Environment - Colombia's real GDP increased by approximately 7.5% in 2022, while the annual inflation rate reached 13.1%[152]. - The Colombian Central Bank raised its monetary policy rate from 3% in December 2021 to 12% as of December 31, 2022[152]. - The Colombian Peso depreciated by 21% against the U.S. Dollar in 2022 and 16% in 2021, indicating significant currency volatility[162]. - The Colombian economy is vulnerable to fluctuations in commodity prices, particularly petroleum and gold, which are crucial for the balance of payments[166]. - Changes in Colombia's customs and foreign exchange laws could negatively impact the company's financial condition and results of operations[181].

Tecnoglass, Inc. (NYSE:TGLS) Q4 2022 Earnings Conference Call March 3, 2023 10:00 AM ET Company Participants Brad Cray - ICR Jose Daes - CEO & Director Christian Daes - COO & Director Santiago Giraldo - CFO & Head, IR Conference Call Participants Sam Darkatsh - Raymond James Tim Wojs - Baird Julio Romero - Sidoti Alex Rygiel - B. Riley Operator Greetings, and welcome to the Tecnoglass Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It i ...

FORWARD LOOKING STATEMENTS Certain of the financial information contained herein is unaudited and does not conform to SEC Regulation S-X. Furthermore, it includes EBITDA (earnings before interest, taxes, depreciation and amortization) which is a non-GAAP financial measure as defined by Regulation G promulgated by the SEC under the Securities Act of 1933, as amended. Accordingly, such information may be materially different when presented in Tecnoglass' filings with the Securities and Exchange Commission. Te ...

THIRD QUARTER 2022 EARNINGS CONFERENCE CALL November 3, 2022 – TECNOGLASS INC. (NASDAQ: TGLS) Safe Harbor FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual ...

Financial Data and Key Metrics Changes - The company reported record revenues of $201.8 million for Q3 2022, representing a 53.3% year-over-year increase [28] - Adjusted EBITDA more than doubled to a record $78.5 million, with an adjusted EBITDA margin of 38.9%, up 970 basis points from the previous year [29] - Gross profit increased to $105.3 million, reflecting a gross margin of 52.2%, compared to 39.2% in the prior year [30] - The leverage ratio improved to a record low of 0.4x net debt to LTM adjusted EBITDA, down from 0.9x in the previous year [34] Business Line Data and Key Metrics Changes - Single-family residential revenues increased by 44% year-over-year to a record $85.8 million, accounting for 43% of total revenues [25] - Commercial construction revenues have shown sequential growth in each quarter of 2022, with continued momentum expected [28] - The backlog reached a record $697 million, a 21% increase compared to the prior year, with approximately two-thirds related to medium- and high-rise residential buildings [18] Market Data and Key Metrics Changes - The ABI Index remains in expansionary territory for the 20th consecutive month as of September, indicating strong commercial demand [16] - The company is experiencing strong demand in both commercial and single-family residential markets, with a focus on geographic expansion [19] Company Strategy and Development Direction - The company aims to maintain its growth trajectory through investments in automation and capacity enhancements, targeting an installed production capacity equivalent to approximately $950 million in annual sales by mid-2023 [21][38] - The strategic focus includes diversifying the customer base and expanding into new markets, with plans to open additional showrooms [26] - The company is well-positioned to gain market share due to its low-cost vertically integrated operations and short lead times [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic pressures and maintain market share due to its efficient cost structure and ongoing investments [14][43] - The full-year 2022 revenue outlook has been increased to a range of $680 million to $700 million, representing a 39% growth at the midpoint [40] - Management anticipates continued strong cash flow generation and plans to return capital to shareholders through a new $50 million share repurchase program [12][37] Other Important Information - The company has maintained strong cash flow for 11 consecutive quarters, allowing for strategic capital allocation [12] - The gross margin is expected to remain in the mid- to high 40s range for 2022, driven by operational efficiencies and favorable pricing dynamics [42] Q&A Session Summary Question: Can you provide details on the highest invoicing month in October? - Management noted that invoicing has increased across all business aspects, with expectations for rapid growth in demand starting January [46] Question: Is the SG&A percentage sustainable going into 2023? - Management indicated that the SG&A percentage is sustainable based on sales levels and operational leverage [47] Question: What is the outlook for the Multimax product? - The company is seeing increased interest from builders, indicating strong growth potential for the Multimax product [48] Question: Is there a seasonal impact expected in Q4? - Management acknowledged that December is typically slower due to holidays, which is factored into the guidance [53] Question: How does the FX impact the cost structure? - Approximately 65% of costs are in U.S. dollars, benefiting from the weak Colombian peso, which has provided a gross margin benefit [54] Question: What is the pricing contribution for the quarter? - Pricing increases contributed a tailwind of about 3% for the quarter, with input costs also decreasing [56][59] Question: What is driving confidence in long-term gross margin upside? - Confidence stems from operational improvements and the ability to leverage higher sales, with FX dynamics also playing a role [61][64] Question: Can you elaborate on the new garage door product? - The new garage door product has seen significant success, with plans for further development and expansion into non-hurricane markets [68] Question: What is the plan for the share repurchase program? - The company plans to take a cautious approach to the buyback, assessing market conditions before proceeding [69] Question: What is the expected growth for single-family residential in 2023? - Management anticipates a growth rate of 10% to 15% driven by geographic expansion [73]

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 September 30, 2022 ☐ 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: 001-35436 TECNOGLASS INC. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1271120 (State or other jurisdi ...

Tecnoglass Inc. (NYSE:TGLS) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Brad Cray - Investor Relations José Manuel Daes - Chief Executive Officer Chris Daes - Chief Operating Officer Santiago Giraldo - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Zane Karimi - D.A. Davidson Julio Romero - Sidoti Josh Chan - Baird Operator Good morning, and welcome to the Tecnoglass Second Quarter 2022 Earnings Conference Call and Webcast. All participants ...

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 June 30, 2022 ☐ 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: 001-35436 TECNOGLASS INC. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1271120 (State or other jurisdiction ...