Slide 1: Fiscal 2015 2nd Quarter Presentation
Fiscal 2015 2nd Quarter Presentation February 25, 2015 Exhibit 99.2
Slide 2: Agenda and Participants
2 Agenda and Participants Introduction and Q2-15 Overview Industry Update Financial & Operational Highlights Outlook Conclusion Q&A Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Co
Slide 3: Forward Looking Statements and Non-GAAP Information
3 Forward Looking Statements and Non-GAAP Information This presentation contains “forward-looking statements”. Other than statements of historical facts, all statements contained in this presentation, including statements regarding the Company’s future financial position, future revenue, prospects,
Slide 4: Q2-15 Overview and Highlights
4 Notes: See “Regulation G Disclosure” slides 13-15 for a reconciliation of GAAP to Non-GAAP financial measures. * Q2-14 basic and diluted shares of 33.8 million due to net loss for the quarter. xrhombus Contract revenue of $441.1 million in Q2-15 compared to $390.5 million in Q2-14 xrhombus Strong
Slide 5: Industry Update
5 Industry increasing network bandwidth dramatically head2right Major industry participants deploying significant wireline networks head2right Most participants believe newly deployed networks should provision 1 gigabit speeds head2right Industry developments are producing opportunities which are in
Slide 6: Revenue Highlights
6(a) Stimulus revenues comprised of projects funded in part by the American Recovery and Reinvestment Act of 2009. (a) xrhombus Top 5 customers represented 60.5% of revenue in Q2-15 compared to 59.5% in Q2-14 xrhombus AT&T, Dycom’s largest customer, grew 26.6% organically xrhombus CenturyLink organi
Slide 7: Backlog and Awards
7 Customers Description Area Approximate Term (in years) head2right Verizon Construction and Maintenance Services Massachusetts, Rhode Island, Pennsylvania, Maryland, Florida 6 head2right CenturyLink Construction and Maintenance Services Wisconsin, Pennsylvania, Arkansas, Alabama 3 head2right Comcas
Slide 8: Financial Highlights
8 xrhombus Revenue of $441.1 million grew organically 10.5% compared to Q2-14 xrhombus Adjusted EBITDA at 10.8% as percent of revenue head2right Gross margin % increased by 324 basis points from better mix of work types, lower fuel prices and improved productivity with more favorable weather compare
Slide 9: Liquidity Summary and Cash Flow Summary
9 Q1-15 Q2-15 $ 16.5 $ 18.4 $ 280.6 $ 280.5 111.7 109.4 75.0 44.0 $ 467.4 $ 433.9 $ 450.9 $ 415.5 $ 145.7 $ 176.6 $ 162.1 $ 195.0 Total Debt Net Debt (Total Debt less Cash) Availability under revolver Cash and availability under revolver $275 million revolver Liquidity Summary Cash and equivalents 7
Slide 10: Looking Ahead to Q3-2015
10 ($ in millions, except earnings per share) (% as a percent of revenue) Q3-2014 Included for comparison Q3-2015 Outlook and Commentary Contract Revenues $ 426.3 $ 455.0 - $ 475.0 head2right Expectation of adverse weather conditions in the beginning of Q3-15 head2right Network investments by severa
Slide 11: Looking Ahead to Q4-2015
11 Looking Ahead to Q4-2015 ($ in millions) (% as a percent of revenue) Q4-2014 Included for comparison Q4-2015 Outlook and Commentary Contract Revenues $ 482.1 Revenue growth % of mid- single to low-double digits compared to Q4-14 head2right Network investments by several large customers head2right
Slide 12: Conclusion
12 Conclusion Firm and strengthening end market opportunities head2right Telephone companies deploying FTTX to enable video offerings and 1 gigabit connections head2right Cable operators continuing to deploy fiber to small and medium businesses with cable capital expenditures and new build opportuni
Slide 13: Regulation G Disclosure: Adjusted EBITDA Reconciliation
13 Notes: Amounts above may not add due to rounding. The above table presents a reconciliation of the Non-GAAP financial measure of Adjusted EBITDA for the periods specified to the most directly comparable GAAP measure. Adjusted EBITDA is a Non-GAAP financial measure within the meaning of Regulation
Slide 14: Regulation G Disclosure: Organic Revenue Reconciliation
14 Notes: Amounts above may not add due to rounding. (a) Organic Revenue – Non-GAAP are revenues from businesses that are included for the full period in both the current and prior year quarter, excluding storm restoration services, if any. Organic Revenue growth is calculated as the percentage incr
Slide 15: Contract Revenue and Organic Growth Reconciliation
15 Notes: Amounts above may not add due to rounding. (a) Organic Revenue – Non-GAAP are revenues from businesses that are included for the full period in both the current and prior year quarter presented, excluding storm restoration services, if any. Organic Revenue growth is calculated as the perce
Slide 16: Fiscal 2015 2nd Quarter Presentation
Fiscal 2015 2nd Quarter Presentation February 25, 2015