CECO Environmental (CECO) FY Conference June 12, 2025 09:15 AM ET Speaker0 Hi everyone, thank you so much for coming. We're delighted to have CECO. We have Peter Johansson, Chief Financial and Strategy Officer. Speaker1 Good morning everyone. Thank you for your time today. Alright. Thank you. Okay. So here's our safe harbor statement. There will be some forward looking info and non GAAP information presented. Please don't hold that against me. I wanna start out with a brief overview of the company. I see so ...

柳州市柳江风光。 柳州市生态环境局供图 "迟日江山丽，盛夏壮乡美。"当六月的夏风吹过八桂大地，从漓江的澄澈碧波，到北部湾的广袤海岸，从桂西的葱郁山林，到桂东的沃野平畴，一幅人 与自然和谐共生、美丽广西建设的生态画卷正徐徐铺展。 广西壮族自治区人民政府副主席眭国华在活动仪式上致辞。 广西壮族自治区生态环境厅党组成员、副厅长张兴赢发布《人工智能赋能广西生态环境保护计划》、九洲江和西江生态环境质量指数。 人工智能呈新亮点，生态环境续写新篇 6月3日，2025年广西生态文化月暨六五环境日广西主场活动在广西规划馆盛大举行，这场以"美丽中国我先行"为主题的大型生态环境保护盛会，汇聚绿 色发展动能，为广西生态环境保护的辉煌成就奏响了激昂乐章。本次活动紧扣主题，深入贯彻习近平生态文明思想，深度融合人工智能技术，全方位展示新 时代广西生态环境保护工作成效，旨在动员全社会积极成为生态文明理念的传播者与践行者，携手建设人与自然和谐共生的美丽广西。 开幕式上，自治区生态环境厅正式发布《人工智能赋能广西生态环境保护计划》。该计划提出，广西积极推动人工智能与生态环境保护深度融合，聚焦 环境监测、环境监控、环境监管、公众服务四大重点领域， ...

Group 1 - Agricultural Bank of China Chifeng Branch holds the largest market share in loan balances in the Chifeng region and actively supports the financing needs of private enterprises, contributing to the development of the local private economy [1][2] - As of the end of May this year, the loan balance for private enterprises reached over 2.96 billion yuan, with an increase of 160 million yuan since the beginning of the year [1] - The bank has implemented various measures to enhance financial support for private enterprises, including establishing growth indicators for private enterprise loans in annual evaluations and optimizing service delivery [2] Group 2 - The bank has reduced financing costs for enterprises by implementing policies to lower fees and interest rates, with the interest rate for inclusive small and micro enterprise loans decreasing by 0.22 percentage points since the beginning of the year [2] - A private enterprise, Inner Mongolia Ruichang Environmental Protection Technology Company, received a 9 million yuan working capital loan from the bank, addressing its liquidity needs and supporting its growth [1][2] - The bank has improved efficiency in financing services by adopting a flexible team model for credit business, which has reduced the time enterprises wait for loans [2]

Core Insights - Digital Utilities Ventures, Inc., now known as Easy Environmental Solutions Inc., has secured a $3.4 million order for its modular EasyFEN units aimed at addressing agricultural challenges in Africa [5][8][9] Group 1: Product and Technology - EasyFEN units are designed to produce organic Terreplenish liquid microbial fertilizer, which can transform waste into a product that supports over 16 million people in Africa [5][8] - Each EasyFEN unit can process up to 17,000 tons of organic waste annually, producing more than 2 million gallons of Terreplenish [10] - Terreplenish enhances soil health, increases crop yields, and reduces irrigation needs by up to 20% [10][12] Group 2: Economic Impact - Each EasyFEN unit running at full capacity is projected to generate approximately $19 million in recurring revenue annually for Easy Environmental Solutions [9] - The deployment of EasyFEN units is expected to significantly reduce the cost of fertilizers by up to two-thirds compared to conventional chemical fertilizers [8][10] Group 3: Social and Environmental Benefits - The initiative aims to combat hunger in Africa by providing a scalable model for self-sufficiency, with each unit capable of fertilizing over 1 million acres of farmland [8][12] - The use of Terreplenish is positioned as a long-term solution to food insecurity, addressing the root causes of hunger while promoting environmental sustainability [16]

Leadership Changes - Julie R. Smith has been appointed as the new Chief Executive Officer of Metiri Group, effective immediately, after serving as interim CEO since October 2024 [1][2] - Smith takes over from Cabot Earle, who now serves as the Founder & Chief Strategy Officer, focusing on the company's M&A strategy [1][2] Executive Team Composition - The executive team is now complete with Ronald Markle as Chief Financial Officer and Sally Cummins as Chief Commercial Officer, positioning the company for growth and innovation [2] Strategic Vision - Smith aims to guide Metiri Group through a critical phase of growth and strategic transformation, focusing on uniting the expertise of its legacy laboratory brands and enhancing collaboration with clients [2][3] - The company is set to drive strong organic and M&A growth while defining a compelling client experience that transcends typical transactional interactions in the industry [4] Client-Centered Approach - Smith emphasizes the importance of being a trusted partner for clients, providing data and insights to help them protect communities and comply with regulations [3][4] - The focus will be on fostering trust and delivering high-quality experiences throughout the customer journey [3] Leadership Experience - Smith brings decades of leadership experience from nationally recognized organizations, which will contribute to building a thriving culture and enhancing client engagement [4][5] Company Overview - Metiri Group is a nationally recognized environmental testing laboratory specializing in air, water, and soil analysis, with expertise in areas such as PFAS and wastewater treatment [7]

智通财经APP获悉，申万宏源发布研报称，市政环保行业具有盈利稳定、特许经营等特点，伴随行业发 展成熟，现金流改善(Capex下降及化债推动应收回款)，公司分红有望持续提升，市政水务及固废领域 涌现出一批高股息标的。与此同时，伴随化债推进及环保盈利稳定性凸显，环保红利资产估值有望提 升，叠加水价调整加速推进，环保红利资产机会凸显。此外，AI赋能驱动二次增长，市政环保焕发新 成长动能，固废焚烧+AIDC及无人环卫成为新增长点。 申万宏源主要观点如下： 1)固废+AIDC：能耗及区位协同优势显著，算电一体化进程加快。AIDC潜力巨大，但发展面临能耗及 土地等多重约束。垃圾焚烧是稀缺的稳定绿电，不纳入能耗双控考核，且区位优势明显，可有效助力 AIDC协同发展。AIDC可助力垃圾焚烧公司利润及现金流双重改善。利润增厚方面：垃圾焚烧提供的绿 色稳定电源相比当前上网电价有望提升，同时，提供蒸汽销售也可增厚利润表现。现金流改善方面：当 前垃圾焚烧部分电费存在国补拖欠问题，伴随商业模式从ToG改为ToB，公司现金流也有望改善。以 1000吨/日垃圾焚烧项目匹配10MW数据中心为例，直接供能模式：AIDC为垃圾焚烧项目的净利润增 ...

青山绿水、碧海蓝天、椰风海韵……海口得天独厚的生态环境资源禀赋，不仅是一张靓丽的生态名 片，更是推动高质量发展的重要引擎。海口市生态环境局以建设美丽中国先行区为目标，以改善生态环 境质量为核心，通过制度创新、科技赋能与全民参与，将生态优势转化为发展动能，打造绿色低碳生态 之城，为海南自由贸易港核心引领区建设注入绿色基因。 在第54个"六·五世界环境日"来临之际，海口交出了一份亮眼的"绿色成绩单"。2024年，海口市环 境空气质量总体优良，在全国168个重点城市中名列前茅，二氧化硫、二氧化氮、可吸入颗粒物(PM10) 和一氧化碳等四项指标连续10年稳定达到国家一级标准;水环境质量稳中趋好，城市集中式饮用水水源 水质达标率，乡镇及以下集中式饮用水水源地水质考核达标率，地表水国控断面水质达标率和地表水省 控断面水质优良率均为100%;近岸海域水质优良面积率为100%，主要入海污染源达标率为100%;铺前湾 (海口段)、澄迈湾(海口段)获评2024年度海南省美丽海湾，海口成为全省首个全域省级美丽海湾的地 市。 科技赋能|从"人海战术"到"数字智治"的升级 海口市生态环境局以科技创新为引擎，构建"智慧+生态环境治理"新 ...

心系"国之大者"，湖江共治绣新卷 眼下，正处于太湖安全度夏的关键时期，湖西区一派繁忙景象。控藻船、运输船频繁往来，见藻就 捞；新建的藻水分离站"大展身手"，离心机高速旋转；空中，无人机沿湖岸线巡飞，实时分析藻情…… 为全力迎战蓝藻高峰季，一场治太立体战已经吹响号角。 太湖治理是习近平总书记念兹在兹、反复强调的"国之大者"。江苏纵深推进新一轮太湖综合治理， 久久为功，推动这一"标志性工程"取得"标志性成果"。1月12日，省生态环境厅传来好消息：2024年， 太湖水质总体达到Ⅲ类，实现全年达良好湖泊标准。太湖水生生物多样性指数提高到"优秀"等级，流域 物种数增加到6899种。 初夏，草木葳蕤，鹭鸟翩跹，江苏大地生机盎然，"推窗见绿、开门见景"已成生活日常，生态环境 持续向好。 2024年，大气环境质量改善幅度长三角最好，是唯一"双改善"省份；水环境质量连续3年达到优 级，再创新高，国考断面优Ⅲ比例同比改善0.9个百分点；长江干流江苏段水质继续稳定在Ⅱ类，太湖 平均水质达Ⅲ类，达到良好湖泊水平，实现历史性突破……锚定目标、攻坚克难，江苏生态环境保护工 作取得新进展、新成效。 2025年是"十四五"规划收官之年，也是 ...

Summary of Montrose Environmental Group (MEG) FY Conference Call Company Overview - **Company**: Montrose Environmental Group (MEG) - **Industry**: Environmental Solutions - **Segments**: Consulting, Testing, and Remediation - **Core Focus**: Addressing environmental challenges related to air, water, and soil quality [2][7] Key Points and Arguments Growth and Financial Performance - **Organic Growth**: Core organic growth was high single digits last year and is expected to remain in the same range this year [3][10] - **Revenue Growth**: Since its IPO in 2020, MEG has been growing approximately 25% annually, with organic growth contributing about 13% [10][15] - **Customer Retention**: The company boasts a 96% retention rate of revenue from existing clients, indicating strong customer loyalty [11] - **Cross-Selling Opportunities**: Only 2% of the 6,000 customers use more than two services, highlighting significant potential for cross-selling [13] Market Position and Strategy - **Unique Service Integration**: MEG is noted for its unique combination of consulting, testing, and treatment services, which 85% of surveyed clients expressed interest in [8] - **Client Base**: Primarily serves private sector clients, including Fortune 500 companies, which is relatively unique in the industry [8] - **Intellectual Property**: The company holds 24 patents and is leveraging software and machine learning to enhance service offerings [9] Regulatory Environment and Political Dynamics - **Tailwinds from Regulations**: The current administration's policies are creating more tailwinds than headwinds for MEG, contrary to expectations [17][19] - **Bipartisan Support**: There is broad bipartisan support for environmental regulations, which are not in political crosshairs, ensuring continued demand for MEG's services [19] - **Impact of PFAS Regulations**: Recent clarity on PFAS regulations has led to increased client activity and demand for MEG's services [36][38] Financial Outlook - **Revenue and EBITDA Growth**: The company expects organic revenue growth of 7-9% and organic EBITDA growth to exceed that rate [22] - **Cash Flow**: Anticipated improvement in cash flow conversion above 50% of adjusted EBITDA [26] - **Margin Improvement**: Operating margins are expected to improve due to operating leverage and optimization of processes [27] Acquisition Strategy - **Pause on Acquisitions**: MEG is currently pausing acquisitions to focus on internal operations and optimizing its business structure [24][25] - **Future Acquisition Potential**: The company plans to resume acquisitions when strategically beneficial, supported by a strong balance sheet [25] Additional Important Insights - **Federal Revenue Exposure**: MEG's exposure to US federal revenue is low, around 2.5-3%, minimizing the impact of federal spending cuts [51] - **Market Dynamics**: The company is experiencing growth in its international business, which represents about 20% of total revenue, particularly in Canada, Europe, and Australia [21] - **Client Behavior**: Clients are maintaining their strategies and not significantly altering their approaches despite political changes, which is encouraging for MEG's outlook [18][68] This summary encapsulates the key points discussed during the Montrose Environmental Group FY Conference Call, highlighting the company's growth trajectory, market position, regulatory environment, and financial outlook.

Core Viewpoint - The acquisition of Resource Group by Safe and Green Development Corporation (SGD) is a strategic move aimed at enhancing revenue-generating operations and aligning with the company's vision for sustainable development [2][5]. Company Overview - Safe and Green Development Corporation is a publicly traded real estate and development company focused on innovative and green building practices, utilizing prefabricated modules made from wood and steel [12]. - Resource Group US Holdings LLC specializes in transforming organic green waste into engineered soil and mulch products, providing sustainable solutions for various sectors [3]. Acquisition Details - SGD has completed the acquisition of Resource Group, which includes a permitted composting facility, two green waste aggregation sites, and a transportation fleet [2]. - The acquisition is expected to add significant revenues and growth potential to SGD's core business [5]. - SGD issued 376,818 shares of common stock, 1,500,000 shares of non-voting Series A Convertible Preferred Stock, and $480,000 in unsecured promissory notes as part of the acquisition [5]. Operational Integration - The Resource Group team will continue in their current roles, collaborating with SGD's leadership to ensure a seamless transition and integration of operations [4]. - The combined entity is working on aligning operations, optimizing logistics, and expanding sales of environmentally responsible products [11]. Future Plans - SGD plans to reconstitute its board of directors to include members from Resource Group, enhancing governance and oversight [6]. - The company is in the process of rebranding under a new name, which will be announced soon [11].