Emcor Group, Inc. · NYSE:EME
Emcor — Stifel 2024 Cross Sector Insight Conference
20 slides from Emcor's conference presentation, Jun 4, 2024
Slide 1: Stifel 2024 Cross Sector Insight Conference
STIFEL 2024 Cross Sector EMCOR GROUP, INC. June 2024 Insight Conference June 4, 2024 1
Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures
EMCOR GROUP, INC. June 2024 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL DISCLOSURES Forward-Looking Statements This presentation and related materials contain forward-looking statements. Such statements speak only as of the date on the cover of this slide deck, and EMCOR assumes no obligation
Slide 3: Key Takeaways
EMCOR GROUP, INC. June 2024 KEY TAKEAWAYS EMCOR installs, services, operates, maintains, and protects complex and dynamic systems and critical 1 infrastructure for facilities in multiple growth sectors of the economy Expertise in managing highly skilled trade labor performing complex installations a
Slide 4: EMCOR at a Glance
EMCOR GROUP, INC. June 2024 EMCOR AT A GLANCE » A Fortune 500® company, EMCOR Group, Inc. (NYSE: EME) is Key Highlights a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services $12.6B $3.4B » Service offerings specialize in the planning, install
Slide 5: Broad Construction and Services Platform
EMCOR GROUP, INC. June 2024 BROAD CONSTRUCTION AND SERVICES PLATFORM Construction Services Mechanical Electrical Selected Areas of Expertise Mechanical and electrical contractors with decades of experience in multiple U.S. sectors ~63% HVAC High / Low Fire Lighting and Plumbing of 2023 Revenue Volta
Slide 6: Well-Positioned to Benefit from Multiple Trends Driving Profitable Organic Growth
EMCOR GROUP, INC. June 2024 WELL-POSITIONED TO BENEFIT FROM MULTIPLE TRENDS DRIVING PROFITABLE ORGANIC GROWTH Data Centers Re-Shoring Electrification Energy Efficiency Legislative and and and and Tailwinds Connectivity Nearshoring EV Value Chain Sustainability Continued Critical supply Energy
Slide 7: Well-Positioned to Benefit from Expected Energy Efficiency and Sustainability Trends
EMCOR GROUP, INC. June 2024 WELL-POSITIONED TO BENEFIT FROM EXPECTED ENERGY EFFICIENCY AND SUSTAINABILITY TRENDS » Strong demand expected in HVAC and lighting retrofit, building automation and control services that improve building efficiency, energy consumption, and indoor air quality (IAQ) » Varie
Slide 8: EMCOR's Diverse Business Mix
EMCOR GROUP, INC. June 2024 EMCOR’S DIVERSE BUSINESS MIX Broad Construction and Diverse Remaining Performance Services Platform Obligations (RPOs) by Sector $10,000 ($ Millions) (Unaudited) 2023 Revenue By Segment $9,175 $8,847 $9,000 5% 2% $7,873 3% $8,000 3% 7% 9% $7,000 9% 22% 11% $6,000 $5,000 1
Slide 9: Participating in Diverse and Resilient Sectors
EMCOR GROUP, INC. June 2024 PARTICIPATING IN DIVERSE AND RESILIENT SECTORS Diverse Remaining Performance Obligations (RPOs) +21% CAGR $9.2B Expanded Disclosure 5% Since 2023 2% 3% Warehouses, office, Commercial retail, and Commercial 7% restaurants $4.0B 9% Healthcare Network and Data centers, data
Slide 10: Local Execution, National Reach
EMCOR GROUP, INC. June 2024 LOCAL EXECUTION, NATIONAL REACH Strategic Locations in Key Geographies UK ~400 U.S. Locations Corporate Headquarters ~100 Construction Services Operating Subsidiaries Building Services Industrial Services Construction Services Building Services Industrial Services Select
Slide 11: Why EMCOR Wins
EMCOR GROUP, INC. June 2024 WHY EMCOR WINS People and Talent Technology Differentiation Focus on our people and talent Investments in Virtual Design and are foundational to our success. Construction (VDC) and Our “Mission First, People prefabrication capabilities create Always” mindset guides our ef
Slide 12: Leader in Virtual Design and Construction and Prefabrication
EMCOR GROUP, INC. June 2024 LEADER IN VIRTUAL DESIGN AND CONSTRUCTION AND PREFABRICATION Virtual Design and Construction (VDC) Prefabrication » One of the most essential digital tools available to » Leveraging VDC and BIM, EMCOR companies specialty contractors today utilize prefabrication in their c
Slide 13: Mission First, People Always Culture Guides Our Strategy and Operations
EMCOR GROUP, INC. June 2024 MISSION FIRST, PEOPLE ALWAYS CULTURE GUIDES OUR STRATEGY AND OPERATIONS Our People Sustainability » Foundational focus on our workforce and culture » We are committed to strong sustainability that values integrity, discipline, practices and strive to be transparent on tra
Slide 14: Commitment to Balanced Capital Allocation
EMCOR GROUP, INC. June 2024 COMMITMENT TO BALANCED CAPITAL ALLOCATION Capital Allocation Strategy Capital Allocation by Year (% of total capital allocated) Business Reinvestment 5% » Expand prefabrication 25% 13% capacity Capex » Investments in VDC 37% 38% technologies, including BIM, 49% 48% 5% 52%
Slide 15: A Look at 2024
EMCOR GROUP, INC. June 2024 A LOOK AT 2024 » RPOs of $9.18 billion as of March 31, 2024, continue to provide solid line of sight into remainder of 2024 » Continue to win and execute well on complex projects for sophisticated customers » Continued strength in growing and resilient sectors including H
Slide 16: Key Financial Data – Income Statement
EMCOR GROUP, INC. June 2024 KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarter Ended March 31, Variance 2024 2023 $ % Revenues $ 3,432,276 $ 2,890,432 $ 541,844 18.7% Gross Profit 589,309 436,062 153,247 35.1% 17.2% 15.1% Selling, General an
Slide 17: Key Financial Data – Balance Sheet
EMCOR GROUP, INC. June 2024 KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) 03/31/24 12/31/23 Cash $ 840,985 $ 789,750 Working Capital $ 1,076,644 $ 928,616 Goodwill $ 956,549 $ 956,549 Identifiable Intangible Assets, Net $ 569,781 $ 586,032 Total Debt (excludes operating leases) $ 5,25
Slide 18: Key Financial Data – Quarter Segment Detail
EMCOR GROUP, INC. June 2024 KEY FINANCIAL DATA – QUARTER SEGMENT DETAIL ($ Thousands) (Unaudited) For the quarters ended March 31, % of % of 2024 Total 2023 Total Revenues from unrelated entities United States electrical construction and facilities services $ 764,711 22% $ 644,746 22% United States
Slide 19: Key Financial Data – Annual Segment Detail
EMCOR GROUP, INC. June 2024 KEY FINANCIAL DATA – ANNUAL SEGMENT DETAIL ($ Thousands) For the years ended December 31, % of % of 2023 Total 2022 Total Revenues from unrelated entities United States electrical construction and facilities services $ 2,783,723 22% $ 2,433,114 22% United States mechanica
Slide 20: Thank You
Thank You Corporate Headquarters EMCOR Group, Inc. 301 Merritt Seven Norwalk, CT 06851 USA 203.849.7938 emcor_info@emcor.net emcorgroup.com Andrew G. Backman Vice President, Investor Relations ABackman@emcor.net
EMCOR Group — Stifel 2024 Cross Sector Insight Conference on 6ix