Slide 1: 4th Quarter Fiscal 2017 Results Conference Call
4th Quarter Fiscal 2017 Results Conference Call August 30, 2017
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures Information
Forward Looking Statements and Non‐GAAP Financial Measures 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 rev
Slide 3: Participants and Topics
Participants and Topics Participants Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel Agenda Introduction and Q4‐17 Overview Industry Update Financial & Operational Highlights
Slide 4: Q4-17 Overview and Highlights
Q4‐17 Overview and Highlights Financial charts ‐ $ in millions, except earnings per share amounts Increased demand and organic revenue growth during Q4‐17 Contract revenues of $780.2 million in Q4‐17 compared to $789.2 million in Q4‐16. Organic contract revenues of $760.9 million in Q4‐17 compar
Slide 5: Industry Update
Industry Update Industry increasing network bandwidth dramatically Major industry participants deploying significant 1 gigabit wireline networks Emerging wireless technologies require incremental wireline deployments o A complementary wireline investment cycle is fundamental to applications en
Slide 6: Revenue Highlights
Revenue Highlights Q4‐17 organic growth of 4.6%, 11 consecutive quarters of organic growth Revenues from Q4‐17 top 5 customers increased 7.4% organically. All other customers decreased 3.5% organically * * *Organic % growth adjusted for additional week in Q4‐16 Top 5 customers in each period r
Slide 7: Backlog and Awards
Backlog and Awards Financial charts ‐ $ in millions Selected Current Awards and Extensions Approximate Customers Description Area Term (in years) Comcast Construction & Maintenance Services Washington, Oregon, California, New Mexico, Colorado 2 Construction Services Alabama 2 AT&T Wireless Construct
Slide 8: Financial Highlights
Financial Highlights Financial charts ‐ $ in millions, except earnings per share amounts Q4‐17 contained 13 weeks compared to 14 weeks in Q4‐16 as a result of our 52/53 week fiscal year As a % of Contract Revenues 16.0% 15.1% Revenues of $780.2 million and organic growth of 4.6%. Revenues from acq
Slide 9: Liquidity Overview
Liquidity Overview Financial tables ‐ $ in millions Strong balance sheet and liquidity Robust operating cash flows (a) Availability on Revolver presented net of $57.6 million and $48.7 million for outstanding L/C’s under the Senior Credit Facility at Q3‐17 and Q4‐17, respectively Balance sheet ref
Slide 10: Q1-2018 Outlook
Q1‐2018 Outlook Financial table‐ $ in millions, except earnings per share amounts (% as a percent of contract revenues) Q1‐2017 Included for Q1‐2018 Outlook and Commentary comparison Contract Revenues $ 799.2 $715 ‐ $745 Near‐term moderation by a large customer offset in part by solid demand from
Slide 11: Looking Ahead to Q2-2018
Looking Ahead to Q2‐2018 Financial table‐ $ in millions (% as a percent of contract revenues) Q2‐2017 Included for Q2‐2018 Outlook and Commentary comparison Contract Revenues $ 701.1 Total revenue decline Near‐term moderation by a large customer offset in part by solid demand from of low to mid si
Slide 12: Conclusion
Conclusion Firm and strengthening end market opportunities Telephone companies deploying FTTH to enable video offerings and 1 gigabit connections Cable operators continuing to deploy fiber to small and medium businesses and enterprises with increasing urgency. Fiber deep deployments to expand ca
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure Explanation of Non‐GAAP Measures The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). In the Company’s quarterly results releases, trend schedules, conference calls, slide presentations, and webcasts, it
Slide 14: Non-GAAP Organic Contract Revenue Reconciliation
Appendix: Regulation G Disclosure Reconciliation of Non‐GAAP Financial Measures to Comparable GAAP Financial Measures Non‐GAAP Organic Contract Revenue Unaudited ($ in millions) (a) Q4‐16 contained 14 weeks as a result of our 52/53 week fiscal year as compared to 13 weeks in all other quarterly peri
Slide 15: Non-GAAP Organic Contract Revenue – Certain Customers
Appendix: Regulation G Disclosure Reconciliation of Non‐GAAP Financial Measures to Comparable GAAP Financial Measures Non‐GAAP Organic Contract Revenue – certain customers Unaudited ($ in millions) Note: Amounts above may not add due to rounding. Use of Non‐GAAP Financial Measures The Company report
Slide 16: Non-GAAP Adjusted EBITDA Reconciliation
Appendix: Regulation G Disclosure Reconciliation of Non‐GAAP Financial Measures to Comparable GAAP Financial Measures Non‐GAAP Adjusted EBITDA Unaudited ($ in 000's) Notes: Amounts above may not add due to rounding. Use of Non‐GAAP Financial Measures The Company reports its financial results in acco
Slide 17: Non-GAAP Adjusted Net Income and Diluted EPS
Appendix: Regulation G Disclosure Reconciliation of Non‐GAAP Financial Measures to Comparable GAAP Financial Measures Non‐GAAP Adjusted Net Income and Non‐GAAP Adjusted Diluted Earnings Per Share Unaudited ($ in 000's, except per share amounts) Note: Amounts above may not add due to rounding. Use of
Slide 18: Non-GAAP Adjusted Net Income and Diluted EPS (Comparison)
Appendix: Regulation G Disclosure Reconciliation of Non‐GAAP Financial Measures to Comparable GAAP Financial Measures Non‐GAAP Adjusted Net Income and Non‐GAAP Adjusted Diluted Earnings Per Share Unaudited ($ in 000's, except per share amounts) For comparison purposes for slides 10 and 11 Note: Amou
Slide 19: Outlook – Non-GAAP Diluted EPS Reconciliation
Appendix: Regulation G Disclosure Reconciliation of Non‐GAAP Financial Measures to Comparable GAAP Financial Measures Outlook – Non‐GAAP Diluted Earnings per Common Share for the Three Months Ending October 28, 2017 Unaudited Outlook for the Three Months Ending October 28, 2017 Diluted earnings per
Slide 20: 4th Quarter Fiscal 2017 Results Conference Call
4th Quarter Fiscal 2017 Results Conference Call August 30, 2017