AEP.V - Atlas Engineered Products

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Atlas Engineered Products and Saywell Contracting Contribute to Award Winning Rental Housing

09/26/2019

NANAIMO, BC, Sept. 26, 2019 /CNW/ - Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) is pleased to highlight the contribution of long-time client and partner Saywell Contracting Ltd and AEP’s Atlas Building Systems facility to the construction of two rental housing projects recognized at the 2019 Vancouver Island Real Estate Board Commercial Building Awards.

Nuutsumuut Lelum is a 25-unit rental housing complex for Indigenous families, youth, and Elders, anchored by a communal space for gatherings, celebrations, and other activities. Nuutsumuut Lelum was built to the Passive House standard, which means it requires very little energy to achieve a comfortable temperature year-round, making conventional heating and air conditioning systems obsolete. It received the Award of Excellence for the Non-Market category at the 2019 Commercial Building Awards.

The Magnolia in Nanaimo is a purpose built multi-family rental development in the heart of the city. Designed with a variety of unit sizes and layouts, the Magnolia serves a wide variety of lifestyle all within easy walking distance to amenities. Magnolia received the Award of Excellence for Multi-Family Townhome at the 2019 Commercial Building Awards.

“We’ve had the pleasure of working with the Saywell team almost from their inception,” explained AEP Executive VP Hadi Abassi. “We have watched them grow from a remediation specialist to a full service multi-family, commercial and renovation construction firm. Our Atlas Building Systems facility in Nanaimo supplied roof trusses to both projects, as well as engineered wood product floor (EWP) and engineered beams to the Nuutsumuut Lelum project.”

“AEP plays an important role in our ability to deliver quality, cost-effective construction solutions to our clients. We look forward to working with them on future projects like the new Vancouver Island Mental Health facility, and 65 Pryde which will also be using windows from AEP’s Coastal Windows & Doors facility,” said Karl Binder, Project Manager for Saywell Contracting. “I think we all recognize the importance of diverse rental options in our communities and we are proud to be able to work with developers like the Nanaimo Aboriginal Centre and Magnolia Apartments.”

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Atlas Engineered Products Reports on Organic Growth and Product Diversification

NANAIMO, BC, Oct. 2, 2019 /CNW/ - Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) is pleased to highlight recent significant contract awards based on AEP’s expanding ability to deliver new product lines from multiple facilities.

“It is exciting to see our expanded production capacity reflected in the contracts and purchase orders we are receiving from both existing and new clients, as well as specific newly targeted markets” explained CEO Dirk Maritz. “AEP is seeing growth in each business division – residential, commercial and agricultural. As the construction industry embraces the shift to customized engineered roofs, walls, floors and beams, the value and size of individual AEP projects and client relationships are growing rapidly.”

Recent Highlights:

• Ontario custom homes sub-division – AEP’s Pacer Building Components division in Ilderton, Ontario has been engaged to supply roof trusses for the first phase of a Wastell Homes custom homes development consisting of 150 homes plus 4 multi-family buildings with a total of 360 units. Two additional phases are expected for this project.

• Ontario agricultural building – Additional saws and truss tables at AEP’s Clinton Building Components facility in Clinton, Ontario, have resulted in significantly larger project wins. A recent bid by Clinton Building Components on a barn truss project resulted in a single order for between $400,000 - $500,000.

• Vancouver Island multi-family developments – The ability of AEP’s Atlas Building Systems facility in Nanaimo, BC to supply engineered wood products (EWP) in addition to trusses has resulted in significantly expanded purchase orders from Vancouver Island developer Westurban Developments Ltd. Four recent projects in Duncan, Parksville, Nanaimo and Campbell River, BC generating contracts worth more than $500,000

• Vancouver Island multi-story condominiums – The use of EWP in multi-story buildings is a significant growth area for AEP. A Nanaimo, BC based client is developing six new, four-plus story projects using Atlas Building Systems EWP and trusses. The total value of these purchase orders is well over $1 million.

• US brand name hotel – Deliveries of trusses and wall panels to a Michigan brand-name hotel project began in September 2019. This single contract is worth over $750,000 and represents a significant expansion of AEP’s reach into the US market.

Business Outlook

“The order books at all our facilities across Canada are very robust right through into 2020. As a result, we expect our recent revenue and net income trajectory to continue. We anticipate our Q3 revenues to be in the range of 14% to 18% higher than Q2 2019,” said Mr. Maritz. “At this level, we expect to deliver solid normalized EBITDA margin performance in the 13% to 17% range, depending on the exact product mix. We continue to drive improvement of margins across all product categories”

This outlook is provided to enhance visibility into AEP’s expectations for financial targets for the remainder of 2019. Please refer to the section below regarding forward-looking statements.

[SimB]

La compagnie semble vouloir pénétrer le marché US. Ce sera intéressant de voir si ils peuvent continuer à remporter des contrats et voir si des acquisitions sont envisageables de l’autre côté de la frontière.

Atlas Engineered Products Makes Final Installment Payment for South Central Building Systems

NANAIMO, BC, Oct. 3, 2019 /CNW/ - Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) is pleased to announce it has made the final $100,000 installment payment due to the former shareholders of South Central Building Systems (“SC”), which was acquired by the Company in March 2019. Three former SC shareholders elected to receive their pro rata share of the final installment payment in AEP common shares as provided for under the previously announced terms of the SC acquisition. As a result of this election, a total of 225,000 AEP common shares were issued to former SC shareholders.

“South Central is a best in class operation with efficient automation which has already shown capacity to increase output and product lines since the acquisition,” said AEP CEO Dirk Maritz. "We continue to serve a loyal and growing customer base in Southern Manitoba and look forward to potential entry into markets in Minnesota and North Dakota."

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Atlas Engineered Products (TSX-V: AEP) (atlasepmedia)

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C’était une belle occasion d’accumuler alors que le titre est tombé sous la barre des 0.30$ il y a quelques mois à peine. Touché 0.50$ et très peu de vendeurs actuellement… :

[SimB]

Exécution, exécution, exécution!

AEP Finalizes Multi-Year Supply & Purchasing Agreement for Engineered Wood Products in Eastern Canada

Canada NewsWire

NANAIMO, BC, Oct. 31, 2019

NANAIMO, BC, Oct. 31, 2019 /CNW/ - Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) is pleased to announce an agreement with Gillfor Distribution Inc. (“Gillfor”) for the supply and purchase of engineered wood products (EWP) for all AEP’s Eastern Canadian operations. The agreement includes competitive pricing, free bulk shipping, and technical and software support services.

“This agreement secures and consolidates EWP supply across our eastern region and guarantees a reliable supply of quality products for our customers,” explained AEP President & CEO Dirk Maritz. “We are excited to work with the Gillfor team to develop the full range of products required to be competitive in the modern wood construction market. This agreement has the potential to generate significant market penetration and revenue growth for AEP through our expanded basket of products and solutions for these markets.”

Gillfor is a leading independent wholesale distributor of building materials with 6 distribution centres ensuring consistent supply for our Eastern operations. The agreement includes Laminated Veneer Lumber (“LVL”) products, I-joists and LSL pre-cut studs. Gillfor’s distribution system allows them to effectively service large projects, regional markets and local communities.

“This agreement reflects our core objectives,” said Gillfor VP of Sales David Varallo. “To provide our customers timely access to products, to offer top-quality materials and brands, and to ensure efficient deliveries.”

[Sly]

J’ai bien Dirk, en plus d’être efficace comme PDG il vend bien l’entreprise quand je le vois en entrevue.

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Atlas Engineered Products Reports 2nd Consecutive Quarter of Record Revenue and Net Income for Q3 2019

NANAIMO, BC, Nov. 8, 2019 /CNW/ - Atlas Engineered Products Ltd. (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) announces its financial and operating results for the three and nine months ended September 30, 2019. All amounts are presented in Canadian dollars.

“I am pleased to report a second consecutive quarter with positive net income, significant year-over-year revenue growth, and for the first time since going public in November 2017, positive net income year-to-date results for the nine months ended September 30, 2019,” said AEP CEO & President Dirk Maritz.

Financial Highlights

• Overall revenue for the three and nine months ended September 30, 2019 was $10,451,562 and $25,735,804 respectively, up from $5,083,058 and $11,149,553 for the three and nine months ended August 31, 2018, representing overall growth in revenue from the prior comparative period of 106% and 131%, respectively. The Company also experienced a 15.3% revenue growth from the three months ending June 30, 2019 to the three months ending September 30, 2019. This performance aligns with overall Company strategy, taking into account the seasonality and acquisition growth of the business.

• Compared to the financial year ended December 31, 2018 (-4.9%), the Company has generated a positive adjusted EBITDA margin of 12.7% for the nine months ended September 30, 2019.

• Continuing the trend begun in the Company’s June 30, 2019 fiscal quarter, operating income has continued to be positive at $735,763 and $1,038,855 for the three and nine months ended September 30, 2019, compared to operating losses of $(8,050) and $(801,040) for the three and nine months ended August 31, 2018.

• The Company also repeated the trend begun in the fiscal quarter ended June 30, 2019, reporting net income of $531,710 for the three months ended September 30, 2019, and $254,949 for the nine months ended September 30, 2019. This is the first time that the Company has reported positive net income for the year to date results since going public in November 2017.

“Taking seasonality into account, we believe the acquisitions we have completed, the addition of new product lines and sales staff, and the focus on improved costs put us on track to achieve our objective of full year EBITDA margin in the 10 – 15% range,” explained Mr. Maritz. " We’re realizing greater economies of scale through integration activities such as consolidated raw material supply, improved manufacturing efficiency and productivity gains, and lower cost of sales."

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Pure spéculation mais j’ai l’impression que l’entreprise tente de supporter le prix de l’action suite à la baisse du titre. Encore de la spéculation mais il semblerait qu’il y a un ou des vendeurs qui liquident leur position dans l’optique de la racheter dans un éventuel placement privé.

Dans le rapport d’Acumen, l’analyste indique que le management serait confortable avec un ratio dette/BAIIA de 2.0-2.5x et qu’il serait actuellement à 1.9X incluant 3M$ comptabilisé pour les obligations découlant des baux. Il n’est pas impossible que le management puisse accéder à plus de dette et tenter d’éviter un financement à ce prix…à suivre.

Atlas Engineered Products Reports on Western Canadian Sales Highlights

NANAIMO, BC, Dec. 12, 2019 /CNW/ - Atlas Engineered Products (“AEP” or the “Company”) (TSX-V: AEP; OTC Markets: APEUF) is pleased to provide an additional update regarding their significant contracts being awarded at its three facilities in Western Canada.

“As the construction industry embraces the shift to customized engineered roofs, walls, floors and beams, particularly for multi-family developments, the value and size of individual AEP projects and client relationships is growing rapidly,” explained AEP President and CEO Dirk Maritz. “By investing in new technology, design and engineering capacity we are able to offer additional product lines and turn-key project delivery. AEP is continuing, on a weekly basis, to secure significant projects into the new year. We are scheduling an unprecedented number of projects to carry into Q1 2020 and beyond”.

Recent Highlights:

Atlas Building Systems (Nanaimo, BC) continues to expand their multi-family development business with significant multi-product contracts.

• Four multi-family development projects totaling over $2,300,000 of combined Engineered Wood Product (EWP) and Truss packages.
• Three multi-family development projects with combined contracts for Truss and Laminated Veneer Wood totaling more than $260,000.

Coastal Windows & Doors (Nanaimo, BC) client base continues to grow on Vancouver Island and is now expanding into the BC interior.

• Kelowna multi-family development - $295,000
• Victoria multi-family development - $374,000

South Central Building Systems (Carman, MB) is in the midst of a significant four-story project in downtown Winnipeg that will employ both roof and floor trusses custom manufactured at the facility.

• The contract is worth over $300,000.

[djudes]

0.40 cent + full warrant à 0.60

Serieux…

[MathieuMartin]

Placement privé annoncé ce matin: AEP Announces Non-Brokered Private Placement Financing

[Westerndom]

[djudes]

0.40 cent + full warrant à 0.60

Serieux…

“Subject to the approval of the TSX Venture Exchange, insiders of AEP will participate in the Offering”

[pbergeronbelanger]

Nous n’allions pas participer, mais là bons les termes sont quand même intéressants… À voir!

J’imagine que la demande n’était pas vraiment au rendez-vous malgré les efforts du management. Industrie peu sexy avec l’économie canadienne qui en arrache…

[djudes]

Intéressant pour ceux qui peuvent y participer oui!

Avec les warrants on parle de 20M de shares de plus. Y en a 45M en ce moment, pas de la petite dillution. J’espère que ce sera un blockbuster deal à 2x EBIDTA.

J’espère que c’est pas vrai mais quelqu’un m’as DM que c’était priced à 0.5, puis repriced à 0.45, puis encore repriced à 0.4, je peux croire qu’il n’y avait surement pas beaucoup de demande mais y a quelqu’un qui savait et qui a dump jusqu’à 0.43 cents.

[Teslafan]

Ce sont les warrants qui vous ont fait changer d’idées ?

[pbergeronbelanger]

Le prix par unité et Dirk le CEO qui veut révolutionner “the truss industry” !

Bien hâte de voir ça. Il nous en fallait un peu dans le portefeuille juste au cas où

[Quimp]

Lui avez-vous parlé en personne (ou par téléphone, email, etc.) ? Il est comment ?

Je l’ai trouvé solide en vidéo.

[SimB]

Je l’ai rencontré une fois à la conférence de Planet Microcap à Vegas en compagnie de Mathieu.

Personnellement, j’ai bien aimé la rencontre et le personnage en quelque sorte. Je n’ai pas trouvé qu’il était promotionnel ou rien de tout ça. Il mettait l’emphase sur la vision de l’entreprise et il soulignait l’importance des employés et de la culture d’entreprise.

Je trouve que son exécution était pas mal flawless jusqu’à présent…jusqu’à l’annonce de ce placement privé qui m’a fait douter de l’expertise/créativité au niveau des marchés des capitaux. Ce qui me rassurerait un peu, c’est si il (et le management) prend une grosse bouchée de ce financement et aligne ses intérêts avec les actionnaires.

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Récente entrevue du co-fondateur de AEP, Hadi Habassi, j’ai trouvé ça assez intéressant. À noter qu’il détient directement et indirectement plus de 7.5M d’actions de l’entreprise :

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Alphabet’s Toronto smart city proposal faces timber innovation challenge