Slide 1: Fiscal 2012 3rd Quarter Presentation
Exhibit 99.2 Fiscal 2012 3rd Quarter Presentation May 23, 2012
Slide 2: Participants
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 1
Slide 3: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non-GAAP Information Fiscal 2012 third quarter results are unaudited. This presentation contains “forward-looking statements” which are statements relating to future events, future financial performance, strategies, expectations, and competitive environment. All statem
Slide 4: Q3-2012 Overview
Q3-2012 Overview n Contract revenue of $296.1 million grew 17.3% compared to $252.4 million in the prior year quarter n Adjusted EBITDA grew 25.8% year-over-year to $29.9 million in Q3-12 n GAAP net income of $0.28 per share diluted compared to Non-GAAP net income of $0.10 per share diluted in Q3-11
Slide 5: Revenue Summary
Revenue Summary n Top 5 customers represented 59.0% of revenue in Q3-12 compared to 61.6% of revenue in Q3-11 Ø CenturyLink, Dycom’s second largest customer, grew over 38% year over year Ø Verizon and Windstream, Dycom’s fourth and fifth largest customers, both grew 49% year over year n Revenue grow
Slide 6: Backlog and Awards
Backlog and Awards Current Awards and Extensions Customers Description Area Approximate Term (in years) nComcast Cable Installation Services New Jersey, Pennsylvania, Texas 4 nWindstream Construction and Maintenance Services Georgia 2 nTime Warner Cable Construction and Maintenance Services Californ
Slide 7: Summary Results
Summary Results Revenue growth of 17.3%, highest 3rd quarter organic growth Revenue from Telecommunications customers 86.5% of total in 8 years 17.3% Adjusted EBITDA growth of 25.8% from improved performance EPS of $0.28 per common share diluted as compared to Non-GAAP EPS of $0.10 in the prior year
Slide 8: Selected Information
Selected Information Q3-12 Q3-11 Change (a) ($ in millions)(b) Revenue growth of 17.3% Contract Revenues $ 296.1 $ 252.4 $ 43.7 nGrowth within existing contracts Cost of Earned $ 241.4 $ 206.4 $ 34.9 nRural broadband projects Revenues (Non-GAAP 81.5% 81.8% (0.3)% Q3-11) General & Administrative $ 27
Slide 9: Cash Flow and Liquidity
Cash Flow and Liquidity Operating cash flows and targeted capital spending support growth nCash flow supported growth in operations during the quarter nCapital expenditures, net of disposals, of $7.8 million Balance Sheet Strength nAmple liquidity from cash on hand of $66.7 million and $185.9 millio
Slide 10: Summary
Summary n End market opportunities driving organic growth } Industry participants aggressively extending or deploying fiber networks to provide wireless backhaul services } Broadband stimulus funding meaningfully increasing network construction for rural service providers } Cable operators deploying
Slide 11: Looking Ahead
Looking Ahead n Revenue which grows in the high-single digits as a percentage of the prior year’s quarterly revenue, after adjusting for storm work n Margins and earnings which reflect operating efficiencies at higher revenue levels n Strong cash flows dedicated, as projected returns direct, to supp
Slide 12: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure The above table presents the Non-GAAP financial measure of Adjusted EBITDA for the three and nine months ended April 28, 2012 and April 30, 2011 and a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure. Adjusted EBITDA is a Non-GAAP finan
Slide 13: Year-over-year growth footnotes
(a) Year-over-year growth (decline) percentage is calculated as follows: (i) revenues in the quarterly period less (ii) revenues in the comparative prior year quarter period; divided by (ii) revenues in the comparative prior year quarter period. (b) For Q3-12, GAAP and Non-GAAP revenue growth percen
Slide 14: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure The items reconciling "GAAP" to “Non-GAAP” financial measures are specifically described below: (a) Charge for a wage and hour class action litigation settlement. (b) Loss on debt extinguishment associated with the redemption of $48.4 million in aggregate principal
Slide 15: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure The items reconciling "GAAP" to “Non-GAAP” financial measures are specifically described below: (a) Charge for a wage and hour class action litigation settlement. (b) Acquisition related costs. (c) Loss on debt extinguishment associated with the tender offer and red
Slide 16: Fiscal 2012 3rd Quarter Presentation
Fiscal 2012 3rd Quarter Presentation May 23, 2012
Slide 17: Slide 17