Boyd Services : Q2 2022 Boyd Group Investor Fact Sheet

Boyd Group Services Inc.

Q2 2022 Fact Sheet

PROFILE

Boyd Group Services Inc. ("BGSI"), through its operating company, The Boyd Group Inc. and its subsidiaries

("Boyd" or the "Company"), is one of the largest operators of non-franchised collision repair centers in North

America in terms of number of locations and sales. The Company currently operates locations in Canada under the trade name Boyd Autobody & Glass and Assured Automotive, as well as in the U.S. under the trade name Gerber Collision & Glass. The Company is also a major retail auto glass operator in the U.S. under the trade names Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority and Autoglassonly.com. In addition, the Company operates a third-party administrator, Gerber National Claims Services ("GNCS"), that offers glass, emergency roadside and first notice of loss services. The following is a geographic breakdown of the collision repair locations, including intake centers, and trade names.

CO LLISIO N LO C AT IO NS
			BOYD AUTOBODY & GLASS (CANADA)
860 Locations Across North America	➩British Columbia	17
➩Manitoba	13
			➩Alberta	15
			➩Saskatchewan	4
			Total Locations	49
			ASSURED AUTOMOTIVE (CANADA)
			➩Ontario	87
			Total Locations	87
			GERBER COLLISION & GLASS (U.S.)
			➩ Michigan	74
			➩ Illinois	71
			➩ Florida	70
			➩ New York	40
			➩ Washington	38
			➩ Indiana	36
			➩ Georgia	35
			➩ North Carolina	34
			➩ Wisconsin	33
			➩ Ohio	32
			➩ California	28
			➩ Arizona	27
			➩ Oklahoma	27
			➩ Texas	26
			➩ Colorado	21
			➩ South Carolina	19
			➩ Louisiana	16
			➩ Kansas	13
Hawaii			➩ Maryland	12
			➩ Oregon	12
			➩ Tennessee	12
			➩ Nevada	10
			➩ Pennsylvania	9
			➩ Alabama	7
			➩ Missouri	7
			➩ Kentucky	4
			➩ Utah	4
			➩ Hawaii	3
			➩ Arkansas	2
			➩ Idaho	1
			➩ Iowa	1
			Total Locations	724
B U S I N E S S STRATEGY
		Operational		Expense
		excellence		management
		Enhance	THE BOYD
	Shareholders	Shareholder
	GROUP
		Value

MARKET FACTS

TSX Symbol: BYD.TO

Close Price (August 10, 2022): C$192.50

52-week Range: C$117.48-267.00

Shares Outstanding: 21.5M

Market Capitalization: C$4,133.4M

Annualized Dividend (per share): C$0.576

Current Yield: 0.3%

MANAGEMENT

Timothy O'Day

President & CEO

Narendra "Pat" Pathipati

Executive Vice President & CFO

DIRECTORS

David Brown (Independent Chair)

Brock Bulbuck

Robert Espey

Robert Gross

John Hartmann

Violet Konkle

Timothy O'Day

William Onuwa

Sally Savoia

CONTACT INFORMATION

Corporate Headquarters The Boyd Group Inc.

1745 Ellice Avenue, Unit C1 Winnipeg, Manitoba

R3H 1A6

Tel: 204·895·1244

Fax: 204·895·1283 [e-mail]

www.boydgroup.com

New location and	Same-store sales growth and optimize
acquisition growth	returns from existing operations

FINANCIAL SUMMARY

	SALES (US$ millions)	ADJUSTED EBITDA* (US$ millions)
1,900							250
1,800							200
1,700							150
1,600							100
1,500							50
1,400							0
19	20	21			19	20	21
				Three months ended	Six months ended
(in US$ millions, except per share and	June 30, 2022	June 30, 2021	June 30, 2022	June 30, 2021
% amounts)
Sales		$612.8		$444.6	$1,169.6	$866.3
Gross Profit		$277.5		$205.1	$522.9	$399.1
Adjusted EBITDA*		$72.0		$58.0	$125.8	$110.7
Adjusted EBITDA Margin*		11.7%		13.0%	10.8%	12.8%
Adjusted Net Earnings*		$13.6		$11.4	$15.7	$19.7
Adjusted Net Earnings* per share	$0.63		$0.53	$0.73	$0.92

*Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Earnings and Adjusted Net Earnings per share are non-GAAP financial measures and ratios and are not standardized financial measures under International Financial Reporting Standards and might not be comparable to similar financial measures disclosed by other issuers. For additional details, including a reconciliation of each non-GAAP financial measure to its nearest GAAP equivalent, please see "Non-GAAP Financial Measures and Ratios" in Boyd's MD&A filing (dated August 10, 2022) for the period ended June 30, 2022. A copy of Boyd's MD&A filing (dated August 10, 2022) for the period ended June 30, 2022 can be accessed via the SEDAR Web site (www.sedar.com)

INVESTOR RELATIONS

Timothy O'Day

President & CEO

Boyd Group Services Inc. 847·410·6002 [e-mail]

Narendra "Pat" Pathipati

Executive Vice President & CFO Boyd Group Services Inc. 204·895·1244 [e-mail]

Craig MacPhail Investor Relations 416·586·1938 [e-mail]

ANALYST COVERAGE

Chris Murray

ATB Capital Markets

Krista Friesen

CIBC World Markets

Jeff Fenwick

Cormark Securities

Gary Ho

Desjardins

Kate McShane

Goldman Sachs & Co.

Bret Jordan

Jefferies

Zachary Evershed

National Bank Financial

Steve Hansen

Raymond James

Sabahat Khan

RBC Capital Markets

Michael Doumet

Scotia Capital

Maggie MacDougall

Stifel GMP

Daryl Young

TD Securities

S U M M ARY

STABILITY

+

GROWTH

=

SHAREHOLDER VALUE

• Strong balance sheet
• Insurer preference for MSOs
• Recession resilient
• US$36.9 billion fragmented industry
• High ROIC growth strategy
• Market leader/consolidator in North America
• Cash dividends/conservative payout ratio
• 5-yeartotal shareholder return of 138.07%

Focus on

enhancing

shareholders'

value