Slide 1: September 2021 Investor Presentation
September 2021Investor Presentation Exhibit 99.1
Slide 2: Caution Concerning Forward-Looking Statements
Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act. These statements include those related to the outlook for the quarter ending October 30, 2021 found within this presentation. Thes
Slide 3: Dycom Overview
3Dycom Overview Leading supplier of specialty contracting services to telecommunication providers throughout the US Intensely focused on the telecommunications market providing our customers with critical network infrastructure that is fundamental to economic progress Durable customer relation
Slide 4: Financial Overview
Fiscal 2021 Annual Operating Performance Contract Revenues of $3.199 billion Non-GAAP Adjusted EBITDA of $311.0 million, or 9.7% of contract revenues Non-GAAP Adjusted Diluted Earnings per Common Share of $2.54 Backlog and Headcount as of July 31, 2021 (Q2 2022) Total Backlog of $5.895 billion Emplo
Slide 5: Strong Secular Trend
5Strong Secular Trend Average Upload Consumption Per Subscriber Accelerating Bandwidth Usage and Speed Tier Growth The monthly weighted average data consumed by subscribers in 2Q-21 was 433.5 GB, up 14% from 2Q-20 80% of these subscribers are provisioned at speeds of 100+ Mbps The gigabit subscriber
Slide 6: Industry Update
6Industry Update Major industry participants constructing or upgrading significant wireline networks across broad sections of the country generally designed to provision 1 gigabit network speeds directly to consumers or wirelessly using 5G technologies 6 of our top 10 customers have announced substa
Slide 7: Intensely Focused on Telecommunications Market
7Intensely Focused on Telecommunications Market Fiscal 2021 Revenue by Customer Type PROGRAM MANAGEMENT PLANNING ENGINEERING & DESIGN PROCUREMENT & CONSTRUCTION FULFILLMENT MAINTENANCE Telecommunications 89.1% Underground Locating 7.2% Electric/Gas Utilities & Other 3.7% Dycom’s extensive market pre
Slide 8: Strong Tailwinds For Fiber Deployments
8Strong Tailwinds For Fiber Deployments Source: Wells Fargo Equity Research Estimates Demand on the network has only been increasing …many of our customers are actually being quite public about their plans. We believe we’re in the early innings of a large capital deployment cycle across 5G, fiber-to
Slide 9: Customers Committed to Multi-Year Capital Spending, Fiber Deployments
9Customers Committed to Multi-Year Capital Spending, Fiber Deployments We intend to double down on our fiber expansion. We expect to more than double our current fiber footprint by the end of 2025, reaching 30 million customer locations with the single goal of offering the best fixed broadband servi
Slide 10: 5G Deployment
105G Deployment We acquired 80 megahertz of C-Band spectrum in the FCC spectrum auction number 107. We plan to begin deploying the first 40 megahertz of that spectrum, began turning this up in select areas by the end of 2021 and we expect to spend about $6 billion to $8 billion in CapEx deploying C-
Slide 11: Local Credibility, National Capability
Local Credibility, National Capability Nationwide footprint with more than 40 operating subsidiaries and 14,600+ employees Operating Subsidiaries 11
Slide 12: Durable Customer Relationships
12Durable Customer Relationships
Slide 13: Anchored by Long-Term Agreements
13Anchored by Long-Term Agreements Dycom is party to hundreds of MSA’s and other agreements with customers that extend for periods of one or more years Generally multiple agreements maintained with each customer Master Service Agreements (MSA’s) are multi-year, multi-million dollar arrangements cove
Slide 14: 10+ Years of Robust Cash Flow Generation
1410+ Years of Robust Cash Flow Generation Fiscal 2011 – Fiscal 2021 Robust cash flow generation and prudent capital allocation provide strong foundation for returns Strong operating cash flow of $1.684 billion over 10+ years Prudent approach to capital allocation: $540 million invested in share rep
Slide 15: Capital Allocated to Maximize Returns
15Capital Allocated to Maximize Returns Focus on organic growth opportunities through strategic capital investments in the business Dycom is committed to maximizing long term returns through prudent capital allocation Repurchased 25.8 million shares for approximately $808 million from fiscal 2006 th
Slide 16: Financial Update
FINANCIAL UPDATE rr?
Slide 17: Annual Trends
{Annual Trends Contract Revenues Non-GAAP Adjusted EBITDA $3:340 8 $3,199 s 33.128 3 $3,067 - a [J] FY2017 4QtrsEnded Jan FY 2019 FY 2020 Fy 2021 FY 2017 4Qus Ended an FY 2019 Fy 2020 FY 2021 20181 2018 EE Non-GAAP Adjusted EBITDA —®—=Non-GAAP Adjusted EBITDA % Non-GAAP Organic Growth (Decline) %? N
Slide 18: Quarterly Trends
! Quarterly Trends Contract Revenues Non-GAAP Adjusted EBITDA $103 $ Millions ‘ane $s $824 3814 $810 | | ! l | [ i202 a2 2022 3.2020. 82020 12071 22021 37021 4221 Q12022 022022 32020 42020 Qi 2021 Q22021 032021 042021 MEE Non-GAAP Adjusted EBITDA —®=Non-GAAP Adjusted EBITDA %6 Non-GAAP Organic Growt
Slide 19: Cash Flow Overview
19Cash Flow Overview Solid operating cash flows Capital expenditures, net of disposals, for fiscal 2022 expected to range from $105 million to $125 million Repurchased 631,638 common shares for $50.0 million, at an average price of $79.16 per share during Q2 2022 Total DSOs of 125 days at Q2 2022 im
Slide 20: Debt and Liquidity Overview
20Debt and Liquidity Overview Solid liquidity of $299.1 million at Q2 2022 Capital allocation prioritizes organic growth, followed by opportunistic share repurchases and M&A, within the context of the Company’s historical range of net leverage Debt maturity profile and liquidity provide financial fl
Slide 21: Questions and Answers
21 QUESTIONS AND ANSWERS
Slide 22: Outlook for Quarter Ending October 30, 2021 (Q3 2022)
Contract revenues In-line as compared to Q3 2021 Non-GAAP Adjusted EBITDA % of contract revenues Decreases as compared to Q3 2021 Year-over-year gross margin decline of approximately 125 bps and G&A increase of approximately 50 bps Interest expense $8.8 million Non-GAAP Adjusted Interest Expense Int
Slide 23: Notes
Notes 23 1) Due to the change in the Company’s fiscal year end, the Company’s fiscal 2018 six month transition period consisted of Q1 2018 and Q2 2018. Amounts provided for the Four Quarters Ended January 27, 2018 represent the aggregate of Q3 2017, Q4 2017, Q1 2018, and Q2 2018 for comparative purp