Ies Holdings, Inc. · NASDAQ:IESC
Ies — Investor Presentation (February 2018)
23 slides from Ies's investor presentation, Feb 6, 2018
Slide 1: IES Holdings, Inc. Investor Presentation
IES Holdings, Inc. Investor Presentation February 6, 2018 Exhibit 99.3
Slide 2: Disclosures: Forward-Looking Statements
Disclosures Forward-Looking Statements Certain statements in this document may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions
Slide 3: IES Holdings, Inc. (NASDAQ: IESC) at a glance
IES Holdings, Inc. (NASDAQ: IESC) Revenue: $811 million Operating Income: $20 million Cash: $28 million NOLs**: $378 million Headquarters: Houston, TX * Liquidity is defined as cash and cash equivalents plus availability under revolving credit facility ** The Company estimates that it has available
Slide 4: Financial Summary
Financial Summary REVENUE OPERATING INCOME NET INCOME ATTRIBUTABLE TO IES BACKLOG * Adjusted net income attributable to IES is a non-GAAP financial measure; see supplemental disclosure for reconciliation table Financial measures presented here are in millions, except for earnings per share or as oth
Slide 5: Holding Company Growth Strategy
Holding Company Growth Strategy Focus segment growth and investments in core markets where we have expertise Manage risk through prudent project selection and market diversification Acquire or invest in stand-alone platform companies or acquire businesses that strategically fit within our existing b
Slide 6: Four Operating Segments
Four Operating Segments Commercial & Industrial $228M of revenue Communications $225M of revenue Infrastructure Solutions $84M of revenue Residential $274M of revenue Note: revenue for fiscal year end 2017
Slide 7: Commercial & Industrial
REVENUE GEOGRAPHIC COVERAGE REPRESENTATIVE MARKETS Biological Research Facilities Chemical and Refining Data Centers Education Healthcare Facilities HVAC Services Manufacturing Facilities Municipal Infrastructure Office Buildings Wind Farms / Solar BUSINESS OVERVIEW Provider of electrical and mechan
Slide 8: Commercial & Industrial: Each Market Drives Our Approach
Commercial & Industrial: Each Market Drives Our Approach
Slide 9: Communications
REVENUE GEOGRAPHIC COVERAGE BUSINESS OVERVIEW Nationwide provider of technology infrastructure services Network infrastructure services for data centers and other mission critical environments Services include structured cabling, audio/visual, VOIP, DAS/WI-FI, fire, wireless access and intrusion ala
Slide 10: Communications: Evolution of Service Offering
Structured Cabling mid-1980s 2000s 2008 2010 2016 Data Center Audio/Visual DAS/WI-FI Life Safety Security Data Center Integration Service Communications: Evolution of Service Offering
Slide 11: Infrastructure Solutions
REVENUE GEOGRAPHIC COVERAGE REPRESENTATIVE MARKETS Data Center Manufacturing Marine Mining Petrochemical Power Generation Pulp and Paper Railroad Scrap Yards Steel Utilities Wind Energy BUSINESS OVERVIEW Provider of electro-mechanical solutions for industrial operations Developing platform to captur
Slide 12: Infrastructure Solutions: Industrial & Electro-Mechanical Services
Services and Products Offered Infrastructure Solutions: Industrial & Electro-Mechanical Services * Magnetech was acquired with the acquisition of MISCOR Group, Ltd. in September 2013
Slide 13: Infrastructure Solutions: From Power Source to Power Usage
Infrastructure Solutions: From Power Source to Power Usage Power Source Acquired 2016 Bus Duct Acquired 2013 Switchgear / Breakers / Transformers Acquired 2015 Transit Acquired 2013 Motor Repair and Rewind / Magnet Midstream Usage Acquired 2017 Enclosures
Slide 14: Residential
Residential 2015 2016 2017 2014 REVENUE BRANCHES BUSINESS OVERVIEW Regional provider of electrical installation services for single-family (SF) housing and multi-family (MF) apartment complexes Cable television and solar panel installation REPRESENTATIVE MARKETS Single Family Homes Multi-Family Home
Slide 15: Residential: Branch Model Drives Growth
Residential: Branch Model Drives Growth
Slide 16: Overview of Recent Acquisitions
Overview of Recent Acquisitions Company Closed Date Business Description Acquisition Fit IES Segment NEXT Electric July 2017 Electrical contractor (Milwaukee, WI) Strong management team New geography Commercial & Industrial Technical Services June 2017 Mechanical (HVAC) services (Chesapeake, VA) Add
Slide 17: Overview of Recent Acquisitions (continued)
Overview of Recent Acquisitions (continued) Company Closed Date Business Description Acquisition Fit IES Segment Shanahan Mechanical & Electric November 2015 Mechanical (HVAC) and electrical contractor (Lincoln, NE) Mechanical contracting expertise Foothold in Lincoln, NE Stable customer base Commer
Slide 18: Financial summary
Financial summary
Slide 19: Income Statement
Income Statement (in millions, except earnings per share) Fiscal Year Ending September 30, 2014 2015 2016 2017 Revenue $5124 $5739 = $696.0 $810.7 Income from operations 76 185 25.0 203 Interest expense & other 14 10 12 15 i i $6.3 $175 $23.8 $188 Provision (benefit) for income taxes 07 07 (97.1) 52
Slide 20: Select Balance Sheet Data
Select Balance Sheet Data {in millions) Cash Current Assets Deferred Tax Assets Non-Current Assets Total Assets Current Liabilities Other Liabilities Debt Total Liabilities Noncontrolling Interest Equity Total Liabilities & Equity Fiscal Year Ending September 30,
Slide 21: Liquidity Remains Strong Even After Recent Acquisitions
Liquidity Remains Strong Even After Recent Acquisitions Total Liquidity 2017 2016 2015 2014 Cash Paid in Business Combinations
Slide 22: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $378 million as of September 30, 2017, including $142 million associated with amortization of personal goodwill Rights Agreement implemented to deter new 5% shareholders in order to prevent certain limitations on NOLs
Slide 23: Non-GAAP Reconciliation of Adjusted Net Income Attributable To IES Holdings, Inc.
Non-GAAP Reconciliation of Adjusted Net Income Attributable To IES Holdings, Inc.