Boyd Services : Q3 2022 Boyd Group Investor Fact Sheet

Boyd Group Services Inc.

Q3 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 names 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)
865 Locations Across North America	➩British Columbia	17
➩Manitoba	12
	➩Alberta	15
	➩Saskatchewan	4

MARKET FACTS

TSX Symbol: BYD.TO

Close Price (November 9, 2022): C$205.02

52-week Range: C$117.48-243.10

Shares Outstanding: 21.5M

Market Capitalization: C$4,402.2M

Annualized Dividend (per share): C$0.588

Current Yield: 0.3%

MANAGEMENT

Timothy O'Day

President & CEO

Narendra "Pat" Pathipati

Executive Vice President & CFO

Hawaii

The number of collision locations include 39 intake locations in Canada, and 31 intake locations and two fleet locations co-located with collision repair centers in the U.S. The number of locations and number of intake centers does not reflect the temporary conversions from production to intake locations in Canada or the temporary suspension of certain intake locations in the U.S.

Total Locations

48

ASSURED AUTOMOTIVE (CANADA)

➩Ontario87

Total Locations

87

GERBER COLLISION & GLASS (U.S.)

➩ Michigan	73
➩ Illinois	71
➩ Florida	70
➩ New York	40
➩ Washington	39
➩ Wisconsin	36
➩ Indiana	35
➩ Georgia	34
➩ North Carolina	33
➩ Ohio	32
➩ California	29
➩ Arizona	28
➩ Oklahoma	28
➩ Texas	27
➩ Colorado	21
➩ South Carolina	19
➩ Louisiana	16
➩ Kansas	13
➩ Maryland	12
➩ Oregon	12
➩ Tennessee	12
➩ Nevada	11
➩ Pennsylvania	9
➩ Alabama	7
➩ Missouri	7
➩ Hawaii	4
➩ Kentucky	4
➩ Utah	4
➩ Arkansas	2
➩ Idaho	1
➩ Iowa	1
Total Locations	730

Brian Kaner

Executive Vice President & COO Collision

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

B U S I N E S S STRATEGY

Operational	Expense
excellence	management

Enhance THE BOYD

ShareholdersShareholderGROUP

Value

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	Nine months ended
(in US$ millions, except per share and	September 30,	September 30,	September 30,	September 30,
% amounts)		2022		2021		2022	2021
Sales		$625.7		$490.2	$1,795.2	$1,356.5
Gross Profit		$282.3		$215.7	$805.2	$614.8
Adjusted EBITDA*		$73.0		$51.5	$198.8	$162.2
Adjusted EBITDA Margin*		11.7%		10.5%	11.1%	12.0%
Adjusted Net Earnings*		$12.1		$2.4		$27.8	$22.1
Adjusted Net Earnings* per share	$0.56		$0.11	$1.29	$1.03

*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 November 9, 2022) for the period ended September 30, 2022. A copy of Boyd's MD&A filing (dated November 9, 2022) for the period ended September 30, 2022 can be accessed via the SEDAR Web site (www.sedar.com)

S U M M ARY

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

Daryl Young

TD Securities

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