(State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.) Delaware 82-3430194 4646 E Van Buren St., Suite 400 Phoenix, Arizona 85008 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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ ...

| --- | --- | --- | --- | |----------------------------------|-------|-------|-------| | August 4, 2022 | | | | | Quarterly Investor | | | | | Presentation Second Quarter 2022 | | | | | | | | | | | | | | Safe Harbor Forward Looking Statements This presentation contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estima ...

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Nick Girardi - Senior Director, Treasury and Investor Relations Brad Soultz - Chief Executive Officer Tim Boswell - President and Chief Financial Officer Conference Call Participants Faiza Alwy - Deutsche Bank Andy Wittmann - Baird Manav Patnaik - Barclays Capital Scott Schneeberger - Oppenheimer Brent Thielman - D.A. Davidson Steven Ramsey - Thompson Research Dillon Cumming - Mo ...

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 June 30, 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: 001-37552 WILLSCOT MOBILE MINI HOLDINGS CORP. (Exact name of registrant as specified in its charter) (State or other jurisdic ...

WSC Board of Directors Say-On- Pay Outreach and Engagement May 2022 – June 2022 WILLSCOT · MOBILE MINI SAFE HARBOR Forward Looking Statements This presentation contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," ...

Willscot Mobile Mini Holdings Corp. (NASDAQ:WSC) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Nick Girardi - Director, Treasury & IR Bradley Soultz - CEO & Director Timothy Boswell - President & CFO Conference Call Participants Manav Patnaik - Barclays Scott Schneeberger - Oppenheimer Kevin McVeigh - Credit Suisse Stanley Elliott - Stifel Steven Ramsey - Thompson Research Group Phil Ng - Jefferies Andrew Wittmann - Baird Courtney Yakavonis - Morgan Stanley Brent Thielman ...

| --- | --- | --- | --- | |---------------------------------|-------|-------|-------| | April 28, 2022 | | | | | Quarterly Investor | | | | | Presentation First Quarter 2022 | | | | | | | | | | | | | | Safe Harbor Forward Looking Statements This presentation contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimate ...

Part I: Financial Information [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Q1 2022, covering balance sheets, income, equity, and cash flows [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$5.86 billion**, driven by rental equipment, while total liabilities rose to **$3.89 billion** due to debt Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2022 (unaudited) | December 31, 2021 | | :--- | :--- | :--- | | **Total current assets** | $495,596 | $483,040 | | **Total assets** | **$5,857,773** | **$5,773,599** | | **Total current liabilities** | $529,272 | $517,645 | | **Total liabilities** | **$3,891,588** | **$3,776,836** | | **Total shareholders' equity** | $1,966,185 | $1,996,763 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Total revenues for Q1 2022 increased **19.7%** to **$508.9 million**, with net income rising substantially to **$51.2 million** and diluted EPS at **$0.22** Q1 2022 vs. Q1 2021 Statement of Operations (in thousands, except per share data) | Metric | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | **Total revenues** | $508,894 | $425,323 | | **Gross profit** | $266,815 | $213,380 | | **Operating income** | $97,909 | $75,284 | | **Net income** | **$51,171** | **$4,447** | | **Diluted EPS** | **$0.22** | **$0.02** | [Condensed Consolidated Statements of Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Total comprehensive income for Q1 2022 significantly increased to **$49.4 million**, driven by net income offset by foreign currency translation adjustments Comprehensive Income (in thousands) | Metric | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net income | $51,171 | $4,447 | | Total other comprehensive (loss) income | $(1,753) | $7,211 | | **Total comprehensive income** | **$49,418** | **$11,658** | [Condensed Consolidated Statements of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity) Shareholders' equity decreased to **$1.97 billion**, primarily due to **$77.4 million** in stock repurchases, partially offset by **$51.2 million** in net income - Total shareholders' equity decreased by **$30.6 million** during Q1 2022, primarily due to stock repurchases of **$77.4 million**, partially offset by net income of **$51.2 million**[16](index=16&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow increased to **$145.5 million**, but investing activities used **$148.4 million** due to acquisitions and equipment purchases Cash Flow Summary (in thousands) | Activity | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $145,527 | $122,071 | | Net cash used in investing activities | $(148,360) | $(30,911) | | Net cash provided by (used in) financing activities | $1,586 | $(89,220) | | **Net change in cash and cash equivalents** | **$(1,378)** | **$1,997** | [Notes to the Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes provide detailed information on business operations, revenue disaggregation, lease obligations, debt, equity, segment performance, and fair value measurements - The company is a business services provider specializing in flexible workspace and portable storage solutions in the US, Canada, Mexico, and the UK[19](index=19&type=chunk) Revenue by Geography - Q1 2022 vs Q1 2021 (in thousands) | Geographic Area | Q1 2022 Revenue | Q1 2021 Revenue | | :--- | :--- | :--- | | US | $451,968 | $371,269 | | Canada | $25,273 | $23,584 | | UK | $27,439 | $27,007 | | Mexico | $4,214 | $3,463 | | **Total** | **$508,894** | **$425,323** | - The company's share repurchase program authorizes up to **$1.0 billion** During Q1 2022, **$77.4 million** of stock and equivalents were repurchased, leaving **$879.3 million** available[58](index=58&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes Q1 2022 financial performance, covering operations, segment results, liquidity, and non-GAAP measures, highlighting strong revenue growth and capital expenditures [Executive Summary and Outlook](index=24&type=section&id=Executive%20Summary%20and%20Outlook) The company reports strong Q1 performance with total revenues up **19.7%** and leasing revenue up **24.5%**, driven by organic growth and acquisitions - The company operates a network of approximately **280 branch locations** with over **162,000 modular space units** and over **214,000 portable storage units**[98](index=98&type=chunk) - Key Q1 2022 highlights include a **19.7% increase in total revenues**, a **24.5% increase in leasing revenue**, and a **17.2% increase in Adjusted EBITDA** compared to Q1 2021[105](index=105&type=chunk)[107](index=107&type=chunk) - During Q1 2022, the company repurchased **$77.4 million** of Common Stock and equivalents and had **$879.3 million** remaining under its **$1 billion** share repurchase authorization[104](index=104&type=chunk) [Consolidated Results of Operations](index=27&type=section&id=Consolidated%20Results%20of%20Operations) Total revenue increased **19.7%** to **$508.9 million**, primarily from leasing, with gross profit up **25.1%** to **$266.8 million** and improved margins Consolidated Results of Operations - Q1 2022 vs Q1 2021 (in thousands) | Metric | Q1 2022 | Q1 2021 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $508,894 | $425,323 | $83,571 | 19.7% | | Gross profit | $266,815 | $213,380 | $53,435 | 25.1% | | Operating income | $97,909 | $75,284 | $22,625 | 30.1% | | Net income | $51,171 | $4,447 | $46,724 | 1050.7% | - Modular space average monthly rental rates increased **18.1% to $802**, and portable storage average monthly rental rates increased **14.8% to $155** in Q1 2022 vs Q1 2021[113](index=113&type=chunk)[114](index=114&type=chunk) [Business Segment Results](index=29&type=section&id=Business%20Segment%20Results) All four segments reported revenue and Adjusted EBITDA growth, with NA Storage leading at **40.5%** revenue increase, driven by volume, acquisitions, and pricing Segment Adjusted EBITDA - Q1 2022 vs Q1 2021 (in thousands) | Segment | Q1 2022 Adj. EBITDA | Q1 2021 Adj. EBITDA | % Change | | :--- | :--- | :--- | :--- | | NA Modular | $103,948 | $97,371 | 6.7% | | NA Storage | $63,825 | $46,322 | 37.8% | | UK Storage | $12,544 | $11,064 | 13.4% | | Tank and Pump | $11,506 | $8,828 | 30.3% | | **Total** | **$191,823** | **$163,585** | **17.2%** | - NA Modular revenue increased **12.6% to $299.7 million**, driven by a **19.9% increase** in average modular space monthly rental rates[131](index=131&type=chunk) - NA Storage revenue grew **40.5% to $151.5 million**, fueled by a **44.0% increase** in average portable storage units on rent and higher rental rates[135](index=135&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=32&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section defines and reconciles non-GAAP measures like Adjusted EBITDA (**$191.8 million** for Q1 2022) and Adjusted Gross Profit Percentage (**64.7%**) Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Line Item | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net income | $51,171 | $4,447 | | Depreciation and amortization | $81,820 | $74,022 | | Interest expense | $30,990 | $29,964 | | Income tax expense | $15,748 | $10,481 | | Other adjustments | $12,094 | $41,324 | | **Adjusted EBITDA** | **$191,823** | **$163,585** | [Liquidity and Capital Resources](index=34&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity sources include cash from operations and a **$2.4 billion** ABL facility with **$646.9 million** available, though Free Cash Flow decreased to **$54.6 million** due to CAPEX - At March 31, 2022, the company had **$646.9 million** of available borrowing capacity under its **$2.4 billion ABL Facility**[158](index=158&type=chunk) Free Cash Flow Reconciliation (in thousands) | Line Item | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $145,527 | $122,071 | | Net CAPEX | $(90,903) | $(30,911) | | **Free Cash Flow** | **$54,624** | **$91,160** | - Material cash requirements include total debt of **$2.9 billion** and operating lease obligations of **$282.2 million** as of March 31, 2022[167](index=167&type=chunk)[168](index=168&type=chunk) [Critical Accounting Policies and Estimates](index=36&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) No significant changes occurred in critical accounting policies during Q1 2022, with full details available in the 2021 Annual Report on Form 10-K - There were no significant changes to the company's critical accounting policies during the three months ended March 31, 2022[173](index=173&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rate fluctuations on its variable-rate ABL Facility and foreign currency exchange rates - The company is exposed to interest rate risk on its **$1.7 billion** of outstanding variable-rate debt under the ABL Facility A **100 basis point increase** in rates would increase quarterly interest expense by approximately **$2.7 million**[178](index=178&type=chunk)[180](index=180&type=chunk) - An interest rate swap agreement effectively converts **$400.0 million** of variable-rate debt into fixed-rate debt at a synthetic fixed rate of **5.19%**[179](index=179&type=chunk) - The company is exposed to foreign currency risk from its operations in Canada, Mexico, and the UK, but has not entered into any hedging arrangements for this risk[181](index=181&type=chunk)[182](index=182&type=chunk) [Item 4. Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of March 31, 2022, with no material changes in internal control over financial reporting - Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of March 31, 2022[183](index=183&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[184](index=184&type=chunk) Part II: Other Information [Item 1. Legal Proceedings](index=40&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, but management believes their outcome will not materially affect financial position, results, or cash flows - The company believes that outstanding lawsuits, claims, and legal proceedings will not, individually or in the aggregate, have a material adverse effect on its financial condition[186](index=186&type=chunk) [Item 1A. Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors) No material changes occurred to the risk factors previously disclosed in the 2021 Annual Report on Form 10-K - The risk factors discussed in the 2021 Annual Report on Form 10-K have not materially changed[187](index=187&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=40&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **2.07 million** shares and equivalents for **$77.4 million** under its **$1.0 billion** share repurchase program, with **$879.3 million** remaining Q1 2022 Share Repurchases | Period | Total Shares and Equivalents Purchased (in thousands) | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 2022 | 992.8 | $37.41 | | Feb 2022 | 242.4 | $37.31 | | Mar 2022 | 834.8 | ~$37.93 | | **Total** | **2,070.0** | **$37.37** | - As of March 31, 2022, **$879.3 million** remained available for repurchases under the **$1.0 billion** share repurchase program[188](index=188&type=chunk) [Item 3. Defaults Upon Senior Securities](index=40&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[189](index=189&type=chunk) [Item 4. Mine Safety Disclosures](index=40&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[190](index=190&type=chunk) [Item 5. Other Information](index=41&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[191](index=191&type=chunk) [Item 6. Exhibits](index=41&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with Form 10-Q, including CEO and CFO certifications and Interactive Data Files (XBRL) - Exhibits filed include CEO and CFO certifications under Sections 302 and 906 of the Sarbanes-Oxley Act, and XBRL data files[192](index=192&type=chunk)

| --- | --- | --- | --- | |----------------------------------|-------|-------|-------| | February 25, 2022 | | | | | Quarterly Investor | | | | | Presentation Fourth Quarter 2021 | | | | | | | | | | | | | | Safe Harbor Forward Looking Statements This presentation contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "est ...

Financial Data and Key Metrics Changes - The company generated $1.9 billion in revenue, $740 million in adjusted EBITDA, and over $300 million in free cash flow for 2021, exceeding original guidance by approximately 8% for revenue and 6% for adjusted EBITDA [8][27] - The adjusted gross profit percentage expanded by 70 basis points for the year, while EBITDA margins expanded by 30 basis points, and net income increased by 113% [38] - The return on invested capital was up 180 basis points in the quarter and over 200 basis points for the year, demonstrating profitability expansion at all levels [38] Business Line Data and Key Metrics Changes - The North America Modular segment achieved a Value-Added Products and Services (VAPS) delivered rate of $393, up 26% year-over-year [19] - Average monthly rental rates for North America Modular increased by about 20% year-over-year, while North America Storage saw a 9% increase in average monthly rental rates for portable storage units, the largest increase on record [22][23] - The company added 15,700 storage units and about 5,800 modular units to its North America fleet through acquisitions [11] Market Data and Key Metrics Changes - The company experienced robust demand across diverse end markets, with a 30% year-over-year increase in the unit on rent portfolio for the Storage segment [60] - Delivery rates increased by 4% year-over-year throughout 2021, with expectations for similar increases in 2022 [59] - The company reported that total revenues were 18% above 2019 levels, indicating resilience through the pandemic [34] Company Strategy and Development Direction - The company plans to leverage growth initiatives highlighted in the Investor Day to drive substantial value creation, focusing on VAPS and expanding offerings in Modular and portable storage units [15][49] - The company aims to harmonize CRMs and enhance data analytics capabilities to target local opportunities while leveraging its national footprint [16] - The M&A pipeline remains robust, with a focus on integrating acquisitions to compound organic growth [16][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a $500 million free cash flow run rate milestone in the second half of 2022 and a goal of exceeding $1 billion in EBITDA [18][49] - The company is focused on managing inflationary pressures, particularly in labor and fuel costs, while maintaining margin expansion [96][98] - Management highlighted the importance of human capital investments to support growth initiatives and the overall strategy [31][70] Other Important Information - The company returned $364 million to shareholders through share repurchases, reducing the economic share count by about 4% [9] - The company is committed to ESG initiatives, focusing on sustainability, safety, and diversity [14] Q&A Session Summary Question: Investments to support growth and margin performance - Management noted that significant investments in human capital and M&A teams were made to support growth, which contributed to margin pressure in the quarter [55] Question: Dynamics on orders and returns - Return rates for Modular units are down about 11% relative to 2019 levels, while delivery rates were up 4% year-over-year [58] Question: Dilutive impact of acquisitions - The dilutive impact from acquisitions was estimated at about 100 basis points in Q4, with expectations for revenue growth from these acquisitions in 2022 [63] Question: Run rate for SG&A - SG&A will be carefully managed, with investments in marketing, data analytics, and operations excellence to support growth [66][68] Question: M&A contribution to adjusted EBITDA - Management reiterated that the expected adjusted EBITDA contribution from M&A remains unchanged, with a focus on tuck-in acquisitions [74] Question: Pricing dynamics in Storage - The company has seen a 9% increase in Storage pricing, driven by both market and company-specific factors, with expectations for continued pricing power [82][84]