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T S X V : C V X | O T C Q B : C T X X F
C O R P O R AT E P R E S E N TAT I O N
N O V E M B E R 2 0 2 1
T S X V : C V X | O T C Q B : C T X X F
2
Forward Looking Statements
This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this document,
other than statements of historical fact, that address events or developments that CEMATRIX (“the Company”) expects to occur, are
forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the
forward- looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements
include, failure to successfully negotiate or subsequently close such transactions, inability to obtain required shareholder or
regulatory approvals, uncertainty with respect to findings under exploration programs and general economic, market or business
conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based
on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by
law the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
T S X V : C V X | O T C Q B : C T X X F
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Who We Are
CEMATRIX is an on-site
manufacturer and installer of cellular
concrete. CEMATRIX utilizes a number of
proprietary technologies to provide the
infrastructure construction market with
better and more cost effective solutions
to significant construction issues.
Cellular concrete (CC) is a technologically
advanced, specialized, premium
construction material that is generally
greener and more environmentally
friendly than the legacy products it
replaces.
Numerous applications including the
backfill of overpasses, bridges,
mechanically stabilized earth (MSE)
panels and tunnels, and base support for
highways, runways and facilities that are
constructed over weak, unstable, frost
prone, or seismic prone soils, such as a
floating subbase, an insulator, or both.
T S X V : C V X | O T C Q B : C T X X F
4
Key Investor Considerations
Leading Cellular Concrete Provider
• One of the world leaders in cellular concrete technology
• A North American leader in on-site manufacturing and
placement of cellular concrete
• Cellular concrete is one of the fastest growing
construction material markets in the world
• CEMATRIX is growing organically and via strategic
acquisitions
Infrastructure focused business in a fast-growing lucrative
market
• U.S. and Canadian governments are expected to spend trillions on
infrastructure replacement
• Significant infrastructure and industrial applications
• 2 significant projects awarded in 2020 by LOI - $16M Freeway
Overpasses in Feb 2020; $30M Tunnel in Dec 2020
• As of Oct 6, 2021, the company backlog (Contracts/Contracts in
Process *) exceeds $91.2M
State-of-the-art proprietary technologies
create a greener footprint
• Lighter, stronger, more cost effective and generally
more environmentally friendly than the legacy
products that are being replaced
Strategic relationship with Lafarge (SWX: LHN)
• Largest global provider of diversified construction
materials
* Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their
signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by some other form of written communication
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Our Focus on Sustainability
Environmental
CEMATRIX is focused on supplying environmentally friendly products and
pursuing acquisitions that will expedite CEMATRIX’s goal of reducing our carbon
footprint to zero by 2030.
Social
CEMATRIX will continue its social responsibility mandate around human rights,
labour standards, the health and safety of our workers and the diversity of our
workforce. We employ a diverse workforce, always hire the best person for the
job, support a family-oriented lifestyle and believe in quality of life for all.
Governance
CEMATRIX will continue its strong belief in Corporate Governance. This includes
our ongoing commitment to operating ethically; complying will all laws and
regulations; respecting human rights; timely and accurate disclosure of material
financial and non- financial matters; and the full disclosure and education of our
stakeholders. All stakeholders including employees are partners in our future.
E N V I R O N M E N T A L ; S O C I A L ; G O V E R N A N C E
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Strategic Partnership
Lafarge confirms that CEMATRIX is becoming one of their leading North
American customers
Raw material cost reduction to CEMATRIX
• Creates most competitive pricing in the industry
Lafarge to help identify new projects
• Customer acquisition costs reduced through joint
marketing with expanded sales opportunities
J O I N T M A R K E T I N G A N D S U P P LY A G R E E M E N T S
Lafarge is part of LafargeHolcim (SWX: LHN), the leading global building
materials and solutions company
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Lafarge’s Focused Journey to Sustainability
In January 2021, LafargeHolcim (SWX: LHN) announced the US$3.4B acquisition
of Firestone Building Products, with the goal of expanding into innovative and
sustainable building solutions
- Jan Jenisch, Chief Executive Officer | LafargeHolcim (SWX: LHN)
“ I will not stop pushing the boundaries on our net zero journey with rigorous
science-based targets. At LafargeHolcim we are accelerating circular and low-
carbon solutions to lead the way in green construction.”
CEMATRIX is well positioned to take advantage of the global paradigm
shift towards sustainable solutions and is working with partners that
share similar priorities
In September 2020, LafargeHolcim (SWX: LHN) signed a Net Zero Pledge with
science-based targets to accelerate reduction in CO2 by 2030
SWX: LHN
J a n 2 0 2 1 : A c q u i r e d f o r U S $ 3 . 4 B
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What is Cellular Concrete?
Cellular concrete is a construction material consisting of Portland cement, water,
specialized pre-formed foaming agent, additives and compressed air
It is highly flowable and can be pumped into place over large distances through
flexible pressure rated hoses
Most applications are placed at wet densities of 400 to 600 kg per cu. m.; Pacific
International Grout’s (PIGCO) expertise is at 1,000+ kg per cu. m. Traditional
Concrete is 2,300 kg’s per cu. m.
It’s not concrete and never replaces concrete
• Lightweight and insulating (can contain up to 80% air)
• High strength compared to other lightweight fills or
insulations
• Self-leveling
• Highly flowable
• Energy absorbing
• Excellent freeze-thaw resistance
• Closed-cell structure with low permeability
• Can be made highly permeable or previous as well
Benefits of cellular concrete include:
Portland cement based
“No Aggregates”
Aggregates replaced with
“Air Bubbles”
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How is it Made?
CEMATRIX cellular concrete is made using
Mobile Batch Plants
10 dry plants used for high volume projects
Fleet Replacement cost: $15M | 30+ year life if maintained regularly
8 wet plants used for small-to-mid-sized volume (municipal type)
Fleet Replacement cost: $4M in total | 20+ year life if maintained regularly
Can satisfy small or large project requirements and will produce from
20 to 200 cubic meter CC per hour
Unit mobility allows for rapid response to the changing demands and
schedules of the construction industry
C E L L U L A R C O N C R E T E P L A N T
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Proprietary Technology
Advanced material mix design - optimizes strengths, densities and other characteristics
Advanced foaming agents and additives - higher strengths at lower densities than the competition
Advanced processing equipment - capable of producing up to 250 cubic metres of CC per hour
Only known CC tunnel grout supplier in North America that has 3 Dry mix units and support equipment,
including tunnel trains specifically designed for heavy CC grout in long and problematic tunnels
Only known CC provider with underwater cellular concrete placement technology in North America
Only known full-service CC supplier engaged in ongoing research and development (R&D) with MSE
Panel companies and Canadian highway construction through a collaboration with the University of
Waterloo, City of Waterloo, and the NRC
Only known full-service CC provider engaged in ongoing R&D of material mixes, foaming agents,
additives, and processes
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Nothing compares to CEMATRIX cellular concrete
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Generally Greener and More Sustainable
CEMATRIX cellular concrete is
generally much more sustainable
and environmentally friendly
than the products it replaces
E N E R G Y E F F I C I E N C Y as an insulator, thereby reducing heat loss
R E D U C E D G R E E N H O U S E G A S E M M I S S I O N S T H R O U G H
S I G N I F I C A N T LY R E D U C E D O N S I T E C O N S T R U C T I O N T R A F F I C
M O R E P O S I T I V E E N V I R O N M E N TA L I M PA C T replacing materials like
expanded polystyrene (EPS) blocks and rigid insulations that don't last and fail to
breakdown in landfills when replaced
L O N G E R L I F E promotes infrastructure efficiency, saving significant time and energy
F U T U R E U S E C O 2 I N P R O C E S S once CO2 is available commercially it can be
used to produce an even more environmentally friendly cellular concrete
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Cellular Concrete Replaces Legacy Products
CEMATRIX can produce a cellular concrete that is lighter, stronger, and
lower in cost than the legacy products it is used to replace
WEAK AND UNSTABLE SOILS • STEEL OR CONCRETE PILE CONSTRUCTION BELOW A CONCRETE SLAB • CEMENT
GROUT • RIGID INSULATIONS • TANK BASES
E P S B L O C K S L E C A
(EXPANDED CLAY)
R I G I D
I N S U L AT I O N
1. Better solution required
2. Long-term solution required
3. Prior experience with legacy product
4. Time of construction
5. Risk tolerance
6. Structural requirements
7. Specification requirements
8. Cost
Cellular concrete replaces legacy products
L E G A C Y P R O D U C T S W E C A N R E P L A C E / R E D U C E T H E U S E O F :
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Competitive Advantages
CEMATRIX saves time, money, and generally reduces green
house gas emissions while providing a better overall long-term
solution to the legacy products that cellular concrete replaces
CEMATRIX cellular concrete is lighter and stronger than similar competitor
specifications
Unit mobility allows for rapid response and geographical movement
Offer customers premium quality solutions in lightweight construction
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Less Excavation
Volume
S U M M A R Y O F S A V I N G S O N D I X I E R O A D P R O J E C T V E R S U S T R A D I T I O N A L C O N S T R U C T I O N
40% 70%
Less Cost Less Trucks
(Construction Traffic)
Less Emissions
25% 75%
Furthermore, sheet piling, deep excavation, and granular backfill and compaction is completely eliminated.
Case Study - Environmental and Cost Savings
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Three Business Verticals
Infrastructure
(Including Tunnels)
• Road and Runways
• MSE Panel Backfill
• Overpass/Bridge Backfill
• Tunnel Grouting/Pipeline Bedding
• Engineered Fills
• Buried Utilities
Industrial &
Mining
• Service Roads
• MSE/Retaining Walls
• Facility Under-slab
• Pipe-racks & Modules
• Fire lines & Other Utilities
• Tank Bases
• Mine works, grout & backfill
Commercial &
Seismic
• Buildings
• Parking Structures
• Roof Decks
• Shallow Utilities
• Nuclear Infrastructure
• Support Under All Seismic Prone
Infrastructure
1 2 3
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Engineering Companies
Commercial Contractors
Public-Private Partnerships (P3)
Kiewit, Stantec (TSX: STN), Jacobs Engineering (NYSE: J), Chicago
Bridge and Iron, SAK, McNally (XNSE: MBECL), Barnard, KBR
(NYSE: KBR), Turner Construction, Whiting-Turner Contracting,
Lafarge (SWX: LHN), Dufferin, Walsh, Shea, Skanska (STO: SKA-B),
Michaels (NASDAQ: MIK), and SK Engineering and Construction
Who are Our Customers
Customers include:
Who design materials into projects:
TSX: SNC
NYSE: ACM
TSX: ARE
ASX: WOR NYSE: FLR
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Growth Strategy
1Lobbying / educating the engineering & construction industry
about the benefits & advantages of CC
2 Successful execution of projects – referrals & reputation
3Regional expansion
4Mergers and acquisitions of other CC suppliers & complementary companies
5 Strategic alliances
6Expansion into international markets and licensing / franchise opportunities in near future
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Disciplined M&A Strategy
Acquisition Highlight: Pacific International Grout
• In September 2019, the Company acquired Pacific International Grout (“PIGCO”) in for
US$3.875M plus a 4 yr Earnout. PIGCO’s capital assets were appraised at $5.8 million USD.
• PIGCO was a profitable cellular concrete leader in the United States with additional
technologies to benefit the CEMATRIX Group
• PIGCO’s best year was in 2009 when sales were $17.7 million USD, with an adjusted EBITDA of
$4.9 million USD
• This strategic acquisition bolstered CEMATRIX’s product offering as a leading supplier of heavy
density cellular tunnel grout throughout North America
• The acquisition of PIGCO met all of CEMATRIX’s M&A Target Considerations
Acquisition Highlight: MixOnSite
• In May 2018, the Company acquired MixOnSite (“MOS”) for $5.75M USD plus a 3 yr Earnout
• MOS was a profitable cellular concrete leader in the United States with additional
technologies to benefit the CEMATRIX Group
• MOS’s best year was in 2016 when sales were $11.5 million USD, with an adjusted EBITDA of
$1.9 million USD
• The acquisition of MOS strengthened CEMATRIX’s presence in the Midwest and Northeast U.S.
• The acquisition of MOS met all of CEMATRIX’s M&A Target Considerations
Accretive
Operational Excellence
Technical Expertise
Geographic Diversification
Regional Growth Opportunity
Scalability
Synergies
M&A Target Considerations
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Major Milestones and a History of Endurance
April 2006
Cematrix goes public via reverse
takeover by way of capital pool
company (CPC)
2009
Began developing the
infrastructure market across Canada,
obtaining provincial approvals
January 2018
Executed Lafarge Agreements
and continued to develop the
Canadian infrastructure market
May 2018
Acquired MixOnSite, one of the
four leading suppliers of cellular
concrete in the U.S.
September 2019
Acquired Pacific International Grout,
one of three remaining major U.S.
competitors
April 2020
Closed oversubscribed
$5.5M private placement
Founded in
October 1999
December 2020
Awarded largest ever
cellular concrete project
($30M tunnel)
March 2021
Completed public offering;
raising $23M in gross
proceeds
2014 Oil Price drop
CEMATRIX is Now Positioned For Growth
2008/9 Financial crisis 2020 Global Pandemic
Typical larger contracts
will range between $1M
to $6M. More recently,
some projects have
increased in sales value
from $15M to $30M per
project.
$5,000 - $500,000 $500,000 - $30,000,000
Large Highway, Airport, Industrial, and
Tunnels Including P3 Type projects
T Y P I C A L S A L E S C Y C L E 1 week - 6 months 3 Months to 5 Years or More
L E N G T H O F P R O J E C T S ½ day to a month 1 Month to 2 years
P A I D B Y
Cubic Metre or Cubic Yards
Placed, which could include
Daily Rates
Cubic Metre or Cubic Yards Placed, which
could include Daily Rates and Mob/Demob
Rates
P A Y M E N T C Y C L E
45 Days Before Cement
Bills Due
45 - 60 Days Before Cement
Bills Due
M A R G I N P R O F I L E
Averages ~30%-75% depending
on size and location
Averages ~15-30% depending on
size and location
P R O J E C T T Y P E
Revenue Model
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State, Provincial, and Municipal
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7.7
17.6
22.6
26.6
10.5
18.7
55.6
81.5
0
10
20
30
40
50
60
70
80
90
2017 2018 2019 2020
IN
$
MILLIONS
YEAR
Growing Revenues and Backlog
Revenue Backlog
Current backlog
as of June 10,
2021, is over
$94M
Exchanges & Tickers
Corporate Headquarters
Basic Shares Outstanding 1
Fully Diluted Shares Outstanding 1
52 Week High/Low 1
Market Capitalization 1
Long Term Liabilities 2
Working Capital 2
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Capital Structure Overview
1. As of September 25, 2021; 2. As of June 30, 2021.
~$22.4M
Cash &
Equivalents2
20%
Insider
Ownership
TSXV: CVX | OTC: CVXXF
Calgary, Alberta
132.9M
175.6M
$0.86 / $0.34
$63.8M
$9.9M (includes $3.0M in Convertible Debt)
$14.4M (before $8.6M in Convertible Debt and Earnout)
Jeff is the Chief Executive Officer and Co-
Founder of CEMATRIX. He is a Chartered
Professional Accountant (CPA, CA) with
over 20 years experience in Cellular
Concrete including project management,
operating equipment, quality control, and
general labour. Jeff holds a Bachelor of
Administration in Accounting from
Lakehead University.
Jordan Weiner
President, MixOnSite 1
Jordan founded MixOnSite with his dad,
the former owner who had over 20 years
experience in CC. After university Jordan
started from the ground up as a labourer,
then operator, then sales and estimating,
eventually taking over the reins from his
father approximately five years ago.
Jordan still leads the team at MixOnSite,
as President of the subsidiary.
Randy Boomhour, CPA, CMA
Chief Financial Officer
Pat Stephens
President, Pacific International Grout 1
Pat is an industry veteran with over 40 years of
experience specializing in the cellular concrete
segment. He currently serves as the President
of Pacific International Grout Co. (PIGCO), a
wholly-owned subsidiary of CEMATRIX, that he
founded in 1970. Pat has been instrumental in
leading the sales, technical and operational
support for PIGCO having patented numerous
CC technologies.
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Experienced Management Team
Jeff Kendrick, CA
President, CEO, Board Member
Randy is a Chartered Professional
Accountant (CPA, CMA) with over 25 years
of experience in senior financial leadership
positions across both private and publicly
listed companies. Prior to serving as the
Chief Financial Officer of CEMATRIX, Randy
was the Vice President Finance for a major
publicly traded construction company in
Canada. Randy holds a Bachelor of Arts in
Economics from Wilfrid Laurier University.
1. Subsidiary of CEMATRIX
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Board of Directors
Steve works part time providing
independent financial advice to
private and public companies. Prior
to this, Steve served for close to
thirty years as the Chief Financial
Officer for various Calgary based
domestic and international public oil
and gas companies. These
companies included Valeura Energy,
Sound Energy, Clear Energy and
Vermillion Resources.
Patrick N. Breen
Corporate Governance Chair
Robert L. Benson, P. Eng.
Steve Bjornson, CA
Audit Committee Chair
Patrick is a highly-experienced
corporate lawyer that has been
with Miller Thomson LLP since
March 2019. Prior to this, he spent
over 20 years at McLeod Law,
advising clients on structuring their
corporate and personal matters. In
addition, Patrick has over 20 years
of experience working with owner
managers to establish, grow and
ultimately transition businesses.
Minaz Lalani
Chairman of the Board
Minaz is the Founder and Managing
Principal of Lalani Consulting Group, an
actuarial and risk management
consulting firm. Prior to this, he served
as a Principal and Consulting Actuary at
Towers Perrin, now Towers Watson
(NASDAQ: WLTW), a global professional
services firm specializing in human
resources, risk and financial
management
Robert is a former senior business
engineer with experience at
companies like Montreal
Engineering. He has previously
served as the Vice President and
Chief Operating Officer of Kemex
Limited, an engineering company
that focused on design engineering
of process facilities in the oil and gas
field, from 2005 to 2007.
Dan is the former President of
JeanDan Management Ltd., a
company that provides consulting
and investor relations services.
He was also on the board of
Vexco Healthcare, CEAPRO (TSXV:
CZO) and Adanac Moly (TSXV:
AUA).
Anna currently serves as Vice
President Human Resources for a top
five Canadian construction company.
Ms. Cuglietta has over twenty years
experience in human resources and
people leadership positions at several
leading regional and national
organizations. Ms. Cuglietta holds an
MBA from the University of Alberta
and post graduate certificates in
Human Resources & Executive
Coaching.
Anna Cuglietta
Dan Koyich
Comp Committee Chair
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Investment Summary
Cellular Concrete is one of the fastest
growing construction materials markets in
the world today
CEMATRIX is one of the world leaders in Cellular
Concrete technologies and a North American
leader in the on-site manufacturing and
placement of Cellular Concrete.
CEMATRIX has State of the art
equipment, foaming agents and other
proprietary technologies that are generally
cleaner for the environment
Strong bid pipeline in excess of $415 million
Backlog of $91.2 million ($26.8M of Contracted &
$64.4 of Contracts in Process)
Significant growth opportunities in
the lucrative infrastructure and
infrastructure replacement markets
Strategic partnership with the largest
cement company in the world,
Lafarge (SWX: LHN)
C E M AT R I X
Corporate Head Office
9727 - 40th Street SE Calgary, AB
403 219 0484
www.CEMATRIX.com
info@CEMATRIX.com
Bristol IR
Investor Relations Contact
Glen Akselrod
905 326 1888
www.bristolir.com
glen@bristolir.com
THANK-YOU
Howard Group
Corporate Strategy Contact
Jeff Walker
403 221 0905
www.howardgroupinc.com
jeff@howardgroupinc.com
Project
Examples
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Airport Runways
Reagan International – Washington DC
• Floating slab over weak and unstable base to expand runway aprons. Airport
is built along a river. All soils along or near waterways, marshes, wetlands or
over glacial silts etc. are extremely weak. You can either remove all the bad
soils and replace them before building your required infrastructure over top
at significant cost over significant time, or you can use cellular concrete to
provide a floating base over the weak soils
• Cellular concrete was selected because of the better overall solution it
provided, in a significantly reduced time period, at a significantly
reduced cost.
• CEMATRIX was selected because it was the better solution at the right price
Owner Reagan National
General Contractor Archer Western
Sales Value US$1.3M
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Industrial
Diesel Refinery – Fort Saskatchewan
• Insulating subbase for significant portion of the NWR Diesel Refinery protecting
all manor of water lines, sewer lines, conduits, etc. underneath, while providing
a subbase for the concrete slabs and facility infrastructure
• Cellular concrete was selected to replace rigid insulation because of the
better overall solution it provided, in a significantly reduced time period, at a
significantly reduced cost
• CEMATRIX was selected because it was the better solution at the right
price and the only high volume cellular concrete supplier in Canada
Timing 2014/15
Owner NWR Partnership
General Contractor Fluor Constructors
Sales Value $7.55M
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Tunnel Grouting
Brightwater - Seattle
• Tunnel Backfill with multiple carrier pipes inside tunnel
• Cellular concrete was selected over heavy grouts because it was the only
viable solution, in that it was an extremely risky gout project, due to the
number of pipes in the tunnel
• CEMATRIX (MixOnSite) was selected because it was the better
solution at the right price
Owner Seattle
General Contractor
Sales Value $7.8M
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Road Base & IADOT Bridge 8
IOWA
• Lightweight road base over weak and unstable soils
• Cellular concrete was selected over EPS Block and other lightweight
aggregates because of cost and time savings
• CEMATRIX (MixOnSite) was selected because it was the better
solution at the right price and one of the few high volume producers
in the U.S. with a capacity of up to 250 cu. m. per hour
Timing 2018/19
Owner IADOT #8 New Bridge
General Contractor Hawkins/United/Creamer JV
Sales Value US$4.8M
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MSE Backfill
Expo Light Rail - California
• Cellular concrete was selected to reduce the vertical and horizontal loads on
the underlying soils and MSE walls to mitigate future movement and/or
subsidence. The alternatives would have been granular fill which would create
issues noted above, EPS Block which can’t be used behind MSE Panels and
other lightweight aggregates which also don’t work well with MSE Panels tie-
backs
Timing 2013/14
Owner Los Angeles County
General Contractor Skanska, Rados JV
Sales Value US$1.6M
• CEMATRIX (MixOnSite) was selected because it was the better solution at the
right price
34
Tunnel
Heavy Grout - California
• Tunnel Backfill – Arrowhead Tunnels, San Bernardino CA
Timing 2008-9
Owner Metropolitan Water District of Southern California
General Contractor Shea-Kenny JV
Sales Value US$12.9M
• Cellular concrete was selected over heavy grouts by the project team for its
superior qualities and cost savings
T S X V : C V X | O T C Q B : C T X X F
• CEMATRIX (Pacific International Grout) was selected because PIGCO are the
premier suppliers of cellular grouts for long problematic tunnels in North
America
35
Cellular Concrete vs EPS Blocks
Geotechnical - Wisconsin
Timing 2006-8
Owner Wisconsin Department of Transportation
General Contractor Marquette Constructors
Sales Value US$4.7M
• Marquette Interchange, Milwaukee
T S X V : C V X | O T C Q B : C T X X F
• Cellular concrete was selected over EPS Block, and/or other lightweight
aggregates or gravel because of its superior qualities and cost savings
• CEMATRIX (Pacific International Grout) was selected because Cellular Concrete
was the better solution at the right price and the GC was comfortable with
working with the Company
36
Industrial
Sag D Process Facility - Lloydminster
• Insulating subbase for all of the Paradise Hills Sag D facility
Timing 2012
Owner Husky Energy
General Contractor Propak
Sales Value $1.2M
• Cellular concrete was selected because of the better overall solution it
provided, in a significantly reduced time period, at a significantly reduced cost.
In the past for all oilsands green field construction, the process would be to
remove the overburden, level it out, hire a piling company to place steel piles
every 20 meters, then tie all of the slabs and equipment to these piles, then
insulate with rigid insulation before pouring concrete slabs – a very time
consuming and costly process
T S X V : C V X | O T C Q B : C T X X F
• CEMATRIX was selected because it was the better solution at the right price
• Of note this project was completed and producing before an identical sister
project started a year earlier, using the old construction method
37
Commercial
Montreign Casino – New York
• Load Reducing Fill
Timing 2016
Owner Montreign
General Contractor Perillo Construction
Sales Value US$2.1M
• Cellular concrete was selected to replace heavy soil backfill to reduce the load
on the underground perimeter wall because of the better overall solution it
provided, in a significantly reduced time period, at a significantly reduced
cost costly process
T S X V : C V X | O T C Q B : C T X X F
• CEMATRIX (MixOnSite) was selected because it was the better solution at the
right price
38
MSE Backfill
Kenaston Overpass - Winnipeg
• Backfill for Bridge Abutments and MSE Panels
Timing 2014
Owner City of Winnipeg Kenaston Blvd Overpass
General Contractor MD Steele
Sales Value $1.25M
• Cellular concrete was selected over granular fills and dirt because of the better
overall solution it provided over weak and unstable soils, in a significantly
reduced time period. The alternatives would have been EPS Block which can’t
be used behind MSE Panels and other lightweight aggregates, which don’t work
well with MSE Panels Tiebacks
T S X V : C V X | O T C Q B : C T X X F
• CEMATRIX was selected because it was the better solution at the right price and
the only high volume cellular concrete supplier in Canada
39
Road Base
Holland Marsh - Ontario
• Holland Marsh – provided a floating base over weak and unstable soils (peat
moss) to support highway structure
Timing 2014
Owner Ministry of Transportation of Ontario
General Contractor Graham Brothers
Sales Value $0.2M
• Cellular concrete was selected over all other materials because the CC solution
eliminated the need to dig out over 7 meters of week and unstable soils and
replace it before constructing the highway on top. EPS Block could have been
used, but difficult to place and hold together over time for a long-term solution
T S X V : C V X | O T C Q B : C T X X F
• CEMATRIX was selected because it was the better solution because it enabled
the highway to be back in service much quicker, at the right price and the only
high volume cellular concrete supplier in Canada
40
Tunnel Grouting
North Saskatchewan River - Edmonton
• Tunnel Grout
Timing 2007
Owner City of Edmonton
General Contractor City of Edmonton
Sales Value $0.35M
• Cellular concrete was selected over traditional heavy grouts because the air
bubbles within the CC act as frictionless ball bearings enabling the CC to be
pumped long distances under low pressure. A traditional grout was scheduled
to take 3 months to complete at a higher material cost than the in-place cellular
concrete
T S X V : C V X | O T C Q B : C T X X F
• CEMATRIX placed the base and grout in less than a week
• CEMATRIX was selected because it was the better solution at the right price and
the only high volume cellular concrete supplier in Canada
41
Tunnel
Heavy Grout - Washington
Timing 2010-12
Owner King County
General Contractor Vinci Parsons Frontier Kemper JV
Sales Value US$3.1M
T S X V : C V X | O T C Q B : C T X X F
• Tunnel Backfill – Brightwater Conveyance Tunnel
• Cellular concrete was selected over traditional heavy grouts because
cellular can be pumped long distances under low pressure in
significantly less time at a lower material cost
• CEMATRIX (Pacific International Grout) was selected because PIGCO
are the premier suppliers of cellular grouts for long problematic
tunnels in North America

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CEMATRIX Corporate Presentation: Infrastructure Growth

  • 1. T S X V : C V X | O T C Q B : C T X X F C O R P O R AT E P R E S E N TAT I O N N O V E M B E R 2 0 2 1
  • 2. T S X V : C V X | O T C Q B : C T X X F 2 Forward Looking Statements This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this document, other than statements of historical fact, that address events or developments that CEMATRIX (“the Company”) expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward- looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include, failure to successfully negotiate or subsequently close such transactions, inability to obtain required shareholder or regulatory approvals, uncertainty with respect to findings under exploration programs and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
  • 3. T S X V : C V X | O T C Q B : C T X X F 3 Who We Are CEMATRIX is an on-site manufacturer and installer of cellular concrete. CEMATRIX utilizes a number of proprietary technologies to provide the infrastructure construction market with better and more cost effective solutions to significant construction issues. Cellular concrete (CC) is a technologically advanced, specialized, premium construction material that is generally greener and more environmentally friendly than the legacy products it replaces. Numerous applications including the backfill of overpasses, bridges, mechanically stabilized earth (MSE) panels and tunnels, and base support for highways, runways and facilities that are constructed over weak, unstable, frost prone, or seismic prone soils, such as a floating subbase, an insulator, or both.
  • 4. T S X V : C V X | O T C Q B : C T X X F 4 Key Investor Considerations Leading Cellular Concrete Provider • One of the world leaders in cellular concrete technology • A North American leader in on-site manufacturing and placement of cellular concrete • Cellular concrete is one of the fastest growing construction material markets in the world • CEMATRIX is growing organically and via strategic acquisitions Infrastructure focused business in a fast-growing lucrative market • U.S. and Canadian governments are expected to spend trillions on infrastructure replacement • Significant infrastructure and industrial applications • 2 significant projects awarded in 2020 by LOI - $16M Freeway Overpasses in Feb 2020; $30M Tunnel in Dec 2020 • As of Oct 6, 2021, the company backlog (Contracts/Contracts in Process *) exceeds $91.2M State-of-the-art proprietary technologies create a greener footprint • Lighter, stronger, more cost effective and generally more environmentally friendly than the legacy products that are being replaced Strategic relationship with Lafarge (SWX: LHN) • Largest global provider of diversified construction materials * Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by some other form of written communication
  • 5. 5 T S X V : C V X | O T C Q B : C T X X F Our Focus on Sustainability Environmental CEMATRIX is focused on supplying environmentally friendly products and pursuing acquisitions that will expedite CEMATRIX’s goal of reducing our carbon footprint to zero by 2030. Social CEMATRIX will continue its social responsibility mandate around human rights, labour standards, the health and safety of our workers and the diversity of our workforce. We employ a diverse workforce, always hire the best person for the job, support a family-oriented lifestyle and believe in quality of life for all. Governance CEMATRIX will continue its strong belief in Corporate Governance. This includes our ongoing commitment to operating ethically; complying will all laws and regulations; respecting human rights; timely and accurate disclosure of material financial and non- financial matters; and the full disclosure and education of our stakeholders. All stakeholders including employees are partners in our future. E N V I R O N M E N T A L ; S O C I A L ; G O V E R N A N C E
  • 6. 6 T S X V : C V X | O T C Q B : C T X X F Strategic Partnership Lafarge confirms that CEMATRIX is becoming one of their leading North American customers Raw material cost reduction to CEMATRIX • Creates most competitive pricing in the industry Lafarge to help identify new projects • Customer acquisition costs reduced through joint marketing with expanded sales opportunities J O I N T M A R K E T I N G A N D S U P P LY A G R E E M E N T S Lafarge is part of LafargeHolcim (SWX: LHN), the leading global building materials and solutions company
  • 7. 7 T S X V : C V X | O T C Q B : C T X X F Lafarge’s Focused Journey to Sustainability In January 2021, LafargeHolcim (SWX: LHN) announced the US$3.4B acquisition of Firestone Building Products, with the goal of expanding into innovative and sustainable building solutions - Jan Jenisch, Chief Executive Officer | LafargeHolcim (SWX: LHN) “ I will not stop pushing the boundaries on our net zero journey with rigorous science-based targets. At LafargeHolcim we are accelerating circular and low- carbon solutions to lead the way in green construction.” CEMATRIX is well positioned to take advantage of the global paradigm shift towards sustainable solutions and is working with partners that share similar priorities In September 2020, LafargeHolcim (SWX: LHN) signed a Net Zero Pledge with science-based targets to accelerate reduction in CO2 by 2030 SWX: LHN J a n 2 0 2 1 : A c q u i r e d f o r U S $ 3 . 4 B
  • 8. 8 T S X V : C V X | O T C Q B : C T X X F What is Cellular Concrete? Cellular concrete is a construction material consisting of Portland cement, water, specialized pre-formed foaming agent, additives and compressed air It is highly flowable and can be pumped into place over large distances through flexible pressure rated hoses Most applications are placed at wet densities of 400 to 600 kg per cu. m.; Pacific International Grout’s (PIGCO) expertise is at 1,000+ kg per cu. m. Traditional Concrete is 2,300 kg’s per cu. m. It’s not concrete and never replaces concrete • Lightweight and insulating (can contain up to 80% air) • High strength compared to other lightweight fills or insulations • Self-leveling • Highly flowable • Energy absorbing • Excellent freeze-thaw resistance • Closed-cell structure with low permeability • Can be made highly permeable or previous as well Benefits of cellular concrete include: Portland cement based “No Aggregates” Aggregates replaced with “Air Bubbles”
  • 9. 9 T S X V : C V X | O T C Q B : C T X X F How is it Made? CEMATRIX cellular concrete is made using Mobile Batch Plants 10 dry plants used for high volume projects Fleet Replacement cost: $15M | 30+ year life if maintained regularly 8 wet plants used for small-to-mid-sized volume (municipal type) Fleet Replacement cost: $4M in total | 20+ year life if maintained regularly Can satisfy small or large project requirements and will produce from 20 to 200 cubic meter CC per hour Unit mobility allows for rapid response to the changing demands and schedules of the construction industry C E L L U L A R C O N C R E T E P L A N T
  • 10. 10 Proprietary Technology Advanced material mix design - optimizes strengths, densities and other characteristics Advanced foaming agents and additives - higher strengths at lower densities than the competition Advanced processing equipment - capable of producing up to 250 cubic metres of CC per hour Only known CC tunnel grout supplier in North America that has 3 Dry mix units and support equipment, including tunnel trains specifically designed for heavy CC grout in long and problematic tunnels Only known CC provider with underwater cellular concrete placement technology in North America Only known full-service CC supplier engaged in ongoing research and development (R&D) with MSE Panel companies and Canadian highway construction through a collaboration with the University of Waterloo, City of Waterloo, and the NRC Only known full-service CC provider engaged in ongoing R&D of material mixes, foaming agents, additives, and processes T S X V : C V X | O T C Q B : C T X X F Nothing compares to CEMATRIX cellular concrete
  • 11. 11 T S X V : C V X | O T C Q B : C T X X F Generally Greener and More Sustainable CEMATRIX cellular concrete is generally much more sustainable and environmentally friendly than the products it replaces E N E R G Y E F F I C I E N C Y as an insulator, thereby reducing heat loss R E D U C E D G R E E N H O U S E G A S E M M I S S I O N S T H R O U G H S I G N I F I C A N T LY R E D U C E D O N S I T E C O N S T R U C T I O N T R A F F I C M O R E P O S I T I V E E N V I R O N M E N TA L I M PA C T replacing materials like expanded polystyrene (EPS) blocks and rigid insulations that don't last and fail to breakdown in landfills when replaced L O N G E R L I F E promotes infrastructure efficiency, saving significant time and energy F U T U R E U S E C O 2 I N P R O C E S S once CO2 is available commercially it can be used to produce an even more environmentally friendly cellular concrete
  • 12. T S X V : C V X | O T C Q B : C T X X F Cellular Concrete Replaces Legacy Products CEMATRIX can produce a cellular concrete that is lighter, stronger, and lower in cost than the legacy products it is used to replace WEAK AND UNSTABLE SOILS • STEEL OR CONCRETE PILE CONSTRUCTION BELOW A CONCRETE SLAB • CEMENT GROUT • RIGID INSULATIONS • TANK BASES E P S B L O C K S L E C A (EXPANDED CLAY) R I G I D I N S U L AT I O N 1. Better solution required 2. Long-term solution required 3. Prior experience with legacy product 4. Time of construction 5. Risk tolerance 6. Structural requirements 7. Specification requirements 8. Cost Cellular concrete replaces legacy products L E G A C Y P R O D U C T S W E C A N R E P L A C E / R E D U C E T H E U S E O F : 12
  • 13. T S X V : C V X | O T C Q B : C T X X F Competitive Advantages CEMATRIX saves time, money, and generally reduces green house gas emissions while providing a better overall long-term solution to the legacy products that cellular concrete replaces CEMATRIX cellular concrete is lighter and stronger than similar competitor specifications Unit mobility allows for rapid response and geographical movement Offer customers premium quality solutions in lightweight construction 13
  • 14. 14 T S X V : C V X | O T C Q B : C T X X F Less Excavation Volume S U M M A R Y O F S A V I N G S O N D I X I E R O A D P R O J E C T V E R S U S T R A D I T I O N A L C O N S T R U C T I O N 40% 70% Less Cost Less Trucks (Construction Traffic) Less Emissions 25% 75% Furthermore, sheet piling, deep excavation, and granular backfill and compaction is completely eliminated. Case Study - Environmental and Cost Savings
  • 15. 15 T S X V : C V X | O T C Q B : C T X X F Three Business Verticals Infrastructure (Including Tunnels) • Road and Runways • MSE Panel Backfill • Overpass/Bridge Backfill • Tunnel Grouting/Pipeline Bedding • Engineered Fills • Buried Utilities Industrial & Mining • Service Roads • MSE/Retaining Walls • Facility Under-slab • Pipe-racks & Modules • Fire lines & Other Utilities • Tank Bases • Mine works, grout & backfill Commercial & Seismic • Buildings • Parking Structures • Roof Decks • Shallow Utilities • Nuclear Infrastructure • Support Under All Seismic Prone Infrastructure 1 2 3
  • 16. 16 T S X V : C V X | O T C Q B : C T X X F Engineering Companies Commercial Contractors Public-Private Partnerships (P3) Kiewit, Stantec (TSX: STN), Jacobs Engineering (NYSE: J), Chicago Bridge and Iron, SAK, McNally (XNSE: MBECL), Barnard, KBR (NYSE: KBR), Turner Construction, Whiting-Turner Contracting, Lafarge (SWX: LHN), Dufferin, Walsh, Shea, Skanska (STO: SKA-B), Michaels (NASDAQ: MIK), and SK Engineering and Construction Who are Our Customers Customers include: Who design materials into projects: TSX: SNC NYSE: ACM TSX: ARE ASX: WOR NYSE: FLR
  • 17. 17 T S X V : C V X | O T C Q B : C T X X F Growth Strategy 1Lobbying / educating the engineering & construction industry about the benefits & advantages of CC 2 Successful execution of projects – referrals & reputation 3Regional expansion 4Mergers and acquisitions of other CC suppliers & complementary companies 5 Strategic alliances 6Expansion into international markets and licensing / franchise opportunities in near future
  • 18. 18 T S X V : C V X | O T C Q B : C T X X F Disciplined M&A Strategy Acquisition Highlight: Pacific International Grout • In September 2019, the Company acquired Pacific International Grout (“PIGCO”) in for US$3.875M plus a 4 yr Earnout. PIGCO’s capital assets were appraised at $5.8 million USD. • PIGCO was a profitable cellular concrete leader in the United States with additional technologies to benefit the CEMATRIX Group • PIGCO’s best year was in 2009 when sales were $17.7 million USD, with an adjusted EBITDA of $4.9 million USD • This strategic acquisition bolstered CEMATRIX’s product offering as a leading supplier of heavy density cellular tunnel grout throughout North America • The acquisition of PIGCO met all of CEMATRIX’s M&A Target Considerations Acquisition Highlight: MixOnSite • In May 2018, the Company acquired MixOnSite (“MOS”) for $5.75M USD plus a 3 yr Earnout • MOS was a profitable cellular concrete leader in the United States with additional technologies to benefit the CEMATRIX Group • MOS’s best year was in 2016 when sales were $11.5 million USD, with an adjusted EBITDA of $1.9 million USD • The acquisition of MOS strengthened CEMATRIX’s presence in the Midwest and Northeast U.S. • The acquisition of MOS met all of CEMATRIX’s M&A Target Considerations Accretive Operational Excellence Technical Expertise Geographic Diversification Regional Growth Opportunity Scalability Synergies M&A Target Considerations
  • 19. 19 T S X V : C V X | O T C Q B : C T X X F Major Milestones and a History of Endurance April 2006 Cematrix goes public via reverse takeover by way of capital pool company (CPC) 2009 Began developing the infrastructure market across Canada, obtaining provincial approvals January 2018 Executed Lafarge Agreements and continued to develop the Canadian infrastructure market May 2018 Acquired MixOnSite, one of the four leading suppliers of cellular concrete in the U.S. September 2019 Acquired Pacific International Grout, one of three remaining major U.S. competitors April 2020 Closed oversubscribed $5.5M private placement Founded in October 1999 December 2020 Awarded largest ever cellular concrete project ($30M tunnel) March 2021 Completed public offering; raising $23M in gross proceeds 2014 Oil Price drop CEMATRIX is Now Positioned For Growth 2008/9 Financial crisis 2020 Global Pandemic
  • 20.
  • 21. Typical larger contracts will range between $1M to $6M. More recently, some projects have increased in sales value from $15M to $30M per project. $5,000 - $500,000 $500,000 - $30,000,000 Large Highway, Airport, Industrial, and Tunnels Including P3 Type projects T Y P I C A L S A L E S C Y C L E 1 week - 6 months 3 Months to 5 Years or More L E N G T H O F P R O J E C T S ½ day to a month 1 Month to 2 years P A I D B Y Cubic Metre or Cubic Yards Placed, which could include Daily Rates Cubic Metre or Cubic Yards Placed, which could include Daily Rates and Mob/Demob Rates P A Y M E N T C Y C L E 45 Days Before Cement Bills Due 45 - 60 Days Before Cement Bills Due M A R G I N P R O F I L E Averages ~30%-75% depending on size and location Averages ~15-30% depending on size and location P R O J E C T T Y P E Revenue Model 21 T S X V : C V X | O T C Q B : C T X X F State, Provincial, and Municipal
  • 22. 22 T S X V : C V X | O T C Q B : C T X X F 7.7 17.6 22.6 26.6 10.5 18.7 55.6 81.5 0 10 20 30 40 50 60 70 80 90 2017 2018 2019 2020 IN $ MILLIONS YEAR Growing Revenues and Backlog Revenue Backlog Current backlog as of June 10, 2021, is over $94M
  • 23. Exchanges & Tickers Corporate Headquarters Basic Shares Outstanding 1 Fully Diluted Shares Outstanding 1 52 Week High/Low 1 Market Capitalization 1 Long Term Liabilities 2 Working Capital 2 23 T S X V : C V X | O T C Q B : C T X X F Capital Structure Overview 1. As of September 25, 2021; 2. As of June 30, 2021. ~$22.4M Cash & Equivalents2 20% Insider Ownership TSXV: CVX | OTC: CVXXF Calgary, Alberta 132.9M 175.6M $0.86 / $0.34 $63.8M $9.9M (includes $3.0M in Convertible Debt) $14.4M (before $8.6M in Convertible Debt and Earnout)
  • 24. Jeff is the Chief Executive Officer and Co- Founder of CEMATRIX. He is a Chartered Professional Accountant (CPA, CA) with over 20 years experience in Cellular Concrete including project management, operating equipment, quality control, and general labour. Jeff holds a Bachelor of Administration in Accounting from Lakehead University. Jordan Weiner President, MixOnSite 1 Jordan founded MixOnSite with his dad, the former owner who had over 20 years experience in CC. After university Jordan started from the ground up as a labourer, then operator, then sales and estimating, eventually taking over the reins from his father approximately five years ago. Jordan still leads the team at MixOnSite, as President of the subsidiary. Randy Boomhour, CPA, CMA Chief Financial Officer Pat Stephens President, Pacific International Grout 1 Pat is an industry veteran with over 40 years of experience specializing in the cellular concrete segment. He currently serves as the President of Pacific International Grout Co. (PIGCO), a wholly-owned subsidiary of CEMATRIX, that he founded in 1970. Pat has been instrumental in leading the sales, technical and operational support for PIGCO having patented numerous CC technologies. 24 T S X V : C V X | O T C Q B : C T X X F Experienced Management Team Jeff Kendrick, CA President, CEO, Board Member Randy is a Chartered Professional Accountant (CPA, CMA) with over 25 years of experience in senior financial leadership positions across both private and publicly listed companies. Prior to serving as the Chief Financial Officer of CEMATRIX, Randy was the Vice President Finance for a major publicly traded construction company in Canada. Randy holds a Bachelor of Arts in Economics from Wilfrid Laurier University. 1. Subsidiary of CEMATRIX
  • 25. 25 T S X V : C V X | O T C Q B : C T X X F Board of Directors Steve works part time providing independent financial advice to private and public companies. Prior to this, Steve served for close to thirty years as the Chief Financial Officer for various Calgary based domestic and international public oil and gas companies. These companies included Valeura Energy, Sound Energy, Clear Energy and Vermillion Resources. Patrick N. Breen Corporate Governance Chair Robert L. Benson, P. Eng. Steve Bjornson, CA Audit Committee Chair Patrick is a highly-experienced corporate lawyer that has been with Miller Thomson LLP since March 2019. Prior to this, he spent over 20 years at McLeod Law, advising clients on structuring their corporate and personal matters. In addition, Patrick has over 20 years of experience working with owner managers to establish, grow and ultimately transition businesses. Minaz Lalani Chairman of the Board Minaz is the Founder and Managing Principal of Lalani Consulting Group, an actuarial and risk management consulting firm. Prior to this, he served as a Principal and Consulting Actuary at Towers Perrin, now Towers Watson (NASDAQ: WLTW), a global professional services firm specializing in human resources, risk and financial management Robert is a former senior business engineer with experience at companies like Montreal Engineering. He has previously served as the Vice President and Chief Operating Officer of Kemex Limited, an engineering company that focused on design engineering of process facilities in the oil and gas field, from 2005 to 2007. Dan is the former President of JeanDan Management Ltd., a company that provides consulting and investor relations services. He was also on the board of Vexco Healthcare, CEAPRO (TSXV: CZO) and Adanac Moly (TSXV: AUA). Anna currently serves as Vice President Human Resources for a top five Canadian construction company. Ms. Cuglietta has over twenty years experience in human resources and people leadership positions at several leading regional and national organizations. Ms. Cuglietta holds an MBA from the University of Alberta and post graduate certificates in Human Resources & Executive Coaching. Anna Cuglietta Dan Koyich Comp Committee Chair
  • 26. 26 T S X V : C V X | O T C Q B : C T X X F Investment Summary Cellular Concrete is one of the fastest growing construction materials markets in the world today CEMATRIX is one of the world leaders in Cellular Concrete technologies and a North American leader in the on-site manufacturing and placement of Cellular Concrete. CEMATRIX has State of the art equipment, foaming agents and other proprietary technologies that are generally cleaner for the environment Strong bid pipeline in excess of $415 million Backlog of $91.2 million ($26.8M of Contracted & $64.4 of Contracts in Process) Significant growth opportunities in the lucrative infrastructure and infrastructure replacement markets Strategic partnership with the largest cement company in the world, Lafarge (SWX: LHN)
  • 27. C E M AT R I X Corporate Head Office 9727 - 40th Street SE Calgary, AB 403 219 0484 www.CEMATRIX.com info@CEMATRIX.com Bristol IR Investor Relations Contact Glen Akselrod 905 326 1888 www.bristolir.com glen@bristolir.com THANK-YOU Howard Group Corporate Strategy Contact Jeff Walker 403 221 0905 www.howardgroupinc.com jeff@howardgroupinc.com
  • 29. 29 T S X V : C V X | O T C Q B : C T X X F Airport Runways Reagan International – Washington DC • Floating slab over weak and unstable base to expand runway aprons. Airport is built along a river. All soils along or near waterways, marshes, wetlands or over glacial silts etc. are extremely weak. You can either remove all the bad soils and replace them before building your required infrastructure over top at significant cost over significant time, or you can use cellular concrete to provide a floating base over the weak soils • Cellular concrete was selected because of the better overall solution it provided, in a significantly reduced time period, at a significantly reduced cost. • CEMATRIX was selected because it was the better solution at the right price Owner Reagan National General Contractor Archer Western Sales Value US$1.3M
  • 30. 30 T S X V : C V X | O T C Q B : C T X X F Industrial Diesel Refinery – Fort Saskatchewan • Insulating subbase for significant portion of the NWR Diesel Refinery protecting all manor of water lines, sewer lines, conduits, etc. underneath, while providing a subbase for the concrete slabs and facility infrastructure • Cellular concrete was selected to replace rigid insulation because of the better overall solution it provided, in a significantly reduced time period, at a significantly reduced cost • CEMATRIX was selected because it was the better solution at the right price and the only high volume cellular concrete supplier in Canada Timing 2014/15 Owner NWR Partnership General Contractor Fluor Constructors Sales Value $7.55M
  • 31. 31 T S X V : C V X | O T C Q B : C T X X F Tunnel Grouting Brightwater - Seattle • Tunnel Backfill with multiple carrier pipes inside tunnel • Cellular concrete was selected over heavy grouts because it was the only viable solution, in that it was an extremely risky gout project, due to the number of pipes in the tunnel • CEMATRIX (MixOnSite) was selected because it was the better solution at the right price Owner Seattle General Contractor Sales Value $7.8M
  • 32. 32 T S X V : C V X | O T C Q B : C T X X F Road Base & IADOT Bridge 8 IOWA • Lightweight road base over weak and unstable soils • Cellular concrete was selected over EPS Block and other lightweight aggregates because of cost and time savings • CEMATRIX (MixOnSite) was selected because it was the better solution at the right price and one of the few high volume producers in the U.S. with a capacity of up to 250 cu. m. per hour Timing 2018/19 Owner IADOT #8 New Bridge General Contractor Hawkins/United/Creamer JV Sales Value US$4.8M
  • 33. 33 T S X V : C V X | O T C Q B : C T X X F MSE Backfill Expo Light Rail - California • Cellular concrete was selected to reduce the vertical and horizontal loads on the underlying soils and MSE walls to mitigate future movement and/or subsidence. The alternatives would have been granular fill which would create issues noted above, EPS Block which can’t be used behind MSE Panels and other lightweight aggregates which also don’t work well with MSE Panels tie- backs Timing 2013/14 Owner Los Angeles County General Contractor Skanska, Rados JV Sales Value US$1.6M • CEMATRIX (MixOnSite) was selected because it was the better solution at the right price
  • 34. 34 Tunnel Heavy Grout - California • Tunnel Backfill – Arrowhead Tunnels, San Bernardino CA Timing 2008-9 Owner Metropolitan Water District of Southern California General Contractor Shea-Kenny JV Sales Value US$12.9M • Cellular concrete was selected over heavy grouts by the project team for its superior qualities and cost savings T S X V : C V X | O T C Q B : C T X X F • CEMATRIX (Pacific International Grout) was selected because PIGCO are the premier suppliers of cellular grouts for long problematic tunnels in North America
  • 35. 35 Cellular Concrete vs EPS Blocks Geotechnical - Wisconsin Timing 2006-8 Owner Wisconsin Department of Transportation General Contractor Marquette Constructors Sales Value US$4.7M • Marquette Interchange, Milwaukee T S X V : C V X | O T C Q B : C T X X F • Cellular concrete was selected over EPS Block, and/or other lightweight aggregates or gravel because of its superior qualities and cost savings • CEMATRIX (Pacific International Grout) was selected because Cellular Concrete was the better solution at the right price and the GC was comfortable with working with the Company
  • 36. 36 Industrial Sag D Process Facility - Lloydminster • Insulating subbase for all of the Paradise Hills Sag D facility Timing 2012 Owner Husky Energy General Contractor Propak Sales Value $1.2M • Cellular concrete was selected because of the better overall solution it provided, in a significantly reduced time period, at a significantly reduced cost. In the past for all oilsands green field construction, the process would be to remove the overburden, level it out, hire a piling company to place steel piles every 20 meters, then tie all of the slabs and equipment to these piles, then insulate with rigid insulation before pouring concrete slabs – a very time consuming and costly process T S X V : C V X | O T C Q B : C T X X F • CEMATRIX was selected because it was the better solution at the right price • Of note this project was completed and producing before an identical sister project started a year earlier, using the old construction method
  • 37. 37 Commercial Montreign Casino – New York • Load Reducing Fill Timing 2016 Owner Montreign General Contractor Perillo Construction Sales Value US$2.1M • Cellular concrete was selected to replace heavy soil backfill to reduce the load on the underground perimeter wall because of the better overall solution it provided, in a significantly reduced time period, at a significantly reduced cost costly process T S X V : C V X | O T C Q B : C T X X F • CEMATRIX (MixOnSite) was selected because it was the better solution at the right price
  • 38. 38 MSE Backfill Kenaston Overpass - Winnipeg • Backfill for Bridge Abutments and MSE Panels Timing 2014 Owner City of Winnipeg Kenaston Blvd Overpass General Contractor MD Steele Sales Value $1.25M • Cellular concrete was selected over granular fills and dirt because of the better overall solution it provided over weak and unstable soils, in a significantly reduced time period. The alternatives would have been EPS Block which can’t be used behind MSE Panels and other lightweight aggregates, which don’t work well with MSE Panels Tiebacks T S X V : C V X | O T C Q B : C T X X F • CEMATRIX was selected because it was the better solution at the right price and the only high volume cellular concrete supplier in Canada
  • 39. 39 Road Base Holland Marsh - Ontario • Holland Marsh – provided a floating base over weak and unstable soils (peat moss) to support highway structure Timing 2014 Owner Ministry of Transportation of Ontario General Contractor Graham Brothers Sales Value $0.2M • Cellular concrete was selected over all other materials because the CC solution eliminated the need to dig out over 7 meters of week and unstable soils and replace it before constructing the highway on top. EPS Block could have been used, but difficult to place and hold together over time for a long-term solution T S X V : C V X | O T C Q B : C T X X F • CEMATRIX was selected because it was the better solution because it enabled the highway to be back in service much quicker, at the right price and the only high volume cellular concrete supplier in Canada
  • 40. 40 Tunnel Grouting North Saskatchewan River - Edmonton • Tunnel Grout Timing 2007 Owner City of Edmonton General Contractor City of Edmonton Sales Value $0.35M • Cellular concrete was selected over traditional heavy grouts because the air bubbles within the CC act as frictionless ball bearings enabling the CC to be pumped long distances under low pressure. A traditional grout was scheduled to take 3 months to complete at a higher material cost than the in-place cellular concrete T S X V : C V X | O T C Q B : C T X X F • CEMATRIX placed the base and grout in less than a week • CEMATRIX was selected because it was the better solution at the right price and the only high volume cellular concrete supplier in Canada
  • 41. 41 Tunnel Heavy Grout - Washington Timing 2010-12 Owner King County General Contractor Vinci Parsons Frontier Kemper JV Sales Value US$3.1M T S X V : C V X | O T C Q B : C T X X F • Tunnel Backfill – Brightwater Conveyance Tunnel • Cellular concrete was selected over traditional heavy grouts because cellular can be pumped long distances under low pressure in significantly less time at a lower material cost • CEMATRIX (Pacific International Grout) was selected because PIGCO are the premier suppliers of cellular grouts for long problematic tunnels in North America