UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-07099 CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (State or other jurisdiction ...

16th Annual Needham Virtual Technology & Media Conference May 18, 2021 1 Forward Looking Statement and Non-GAAP Information This presentation contains forward-looking statements with predictions, projections and other statements about future events. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and simi ...

财务数据和关键指标变化 - 第一季度订单达9200万美元 同比增长22% [10] - 营收7200万美元 同比下降11% 主要由于年初积压订单较少 [11] - 毛利率339% 同比下降120个基点 受项目组合影响 [12] - 调整后EBITDA为640万美元 同比下降约100万美元 但销售转化率强劲 [12] - 调整后每股收益009美元 同比下降 [13] - 自由现金流表现亮眼 达940万美元 [13] 各条业务线数据和关键指标变化 - 工程系统部门订单5600万美元 同比增长超35% 接近2019年水平 [24] - Emtrol-Buell FCC旋风分离器业务订单1600万美元 为2019年第三季度以来最高 [25] - 空气污染控制解决方案订单环比增长8% 受益于BevCan和电动汽车终端市场 [26] - 流体处理业务环比增长28% 主要受Mefiag品牌过滤产品推动 [27] - 短周期销售额1760万美元 环比增长4% [30] 各个市场数据和关键指标变化 - 亚太地区炼油项目管道保持强劲 而欧美市场仍然低迷 [25] - 工业空气市场保持强劲 美国制造业持续扩张 [35] - 热力发电市场有所改善 但过去12个月仍下降22% [36] - 中游油气市场仍然疲软 2020年天然气消费量下降3% [38] - 水和废水分离领域成为增长重点 [38] 公司战略和发展方向和行业竞争 - 重组业务部门为工程系统和工业流程解决方案两大板块 以扩大市场机会 [16] - 重点发展空气污染控制、噪声振动管理等领先平台 [17] - 积极拓展电动汽车等新兴领域 [19] - 通过价格调整和缩短报价有效期应对钢材等原材料价格上涨 [42] - 目标在未来几年实现全年EBITDA利润率超过13% [43] 管理层对经营环境和未来前景的评论 - 积压订单已恢复至203亿美元 订单出货比达13倍 [39] - 销售管道扩大至20亿美元 市场健康且增长中 [23] - 预计下半年将转向收入增长 [11] - 成本结构为五年来最低 为盈利增长奠定基础 [53] - 对亚洲炼油项目和中游油气市场复苏持乐观态度 [25][38] 其他重要信息 - 任命Ramesh Nuggihalli为首任首席运营官 加强运营和并购能力 [8] - 过去几年员工人数减少20% ERP系统简化65% 每年节省SG&A费用超1000万美元 [53] - 正在准备首份ESG报告 [55] 问答环节所有的提问和回答 问题: 订单转化为收入的时间表 - 长期项目通常在6个月后开始转化为收入 大部分收入在12-16个月内实现 [59] - 短周期业务(占收入25%)在30-90天内转化为收入 [59] 问题: SG&A费用增加原因 - 主要由于医疗费用、激励薪酬等周期性应计项目 [63] - 正常季度SG&A预计在1800-1900万美元之间(GAAP基础) [65] 问题: 并购战略 - 资产负债表健康 将寻求增加工业业务和短周期收入的并购机会 [67] - 新任COO将重点推动有机增长 同时协助战略并购 [79] 问题: 订单活动趋势 - 2020年第三季度为转折点 订单持续增长 [69] - 2021年4月开局强于前两个季度 [72] 问题: 市场表现差异 - 中游油气市场仍然疲软 是唯一表现不佳的主要市场 [75] 问题: 历史订单水平 - 2019年第二季度和第三季度订单均超过当前水平 [78]

Q1'21 Earnings Call May 6th, 2021 CECCO 1 Forward-Looking Statements and Non-GAAP Information This presentation contains forward-looking statements with predictions, projections and other statements about future events. These statements are made on the basis of management's views and assumptions regarding future events and business performance. We use words such as "believe," "expect," "anticipate," "intends," "estimate," "forecast," "project," "will," "plan," "should" and similar expressions to identify fo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-07099 CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-7099 CECO ENVIRONMENTAL CORP. Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-07099 CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (State or other jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-07099 CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-07099 CECO ENVIRONMENTAL CORP. (Exact name of registrant as specified in its charter) Delaware 13-2566064 (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2019 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 0-7099 CECO ENVIRONMENTAL CORP. Delaware 13-2566064 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identifi ...