Slide 1: Third Quarter 2017 Update
IES Holdings, Inc. Third Quarter 2017 Update August 4, 2017
Slide 2: Disclosures: Forward-Looking Statements
2 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 assumption
Slide 3: Revenue, Operating Income, Net Income and Backlog Overview
IES Holdings, Inc. (NASDAQ: IESC) Financial measures presented here are in millions, except for earnings per share or as otherwise noted REVENUE OPERATING INCOME 6/30/17 6/30/17 6/30/16 6/30/17 Three Months Ended Nine Months Ended 6/30/16 6/30/17 Three Months Ended 6/30/16 6/30/17 Nine Months Ended
Slide 4: Third Quarter 2017 Highlights
4 Third Quarter 2017 Highlights Revenue –$208.3 million, an increase of 16.0% compared with the 3rd quarter of FY16 (“3Q16”) Income from Operations –$4.7 million, a decrease of $3.5 million compared with 3Q16 Earnings –Net income attributable to IES of $5.9 million, or $0.27 per diluted share, compa
Slide 5: Third Quarter 2017 Segment Results
5 Third Quarter 2017 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $58.8 million, decrease of 1.2% from 3Q16 Operating Loss: ($0.2) million Operating Margin: (0.4%) Revenue: $57.1 million, increase of 17.2% over 3Q16 Operating Profit: $3.9 milli
Slide 6: Quarterly Financials
6 Quarterly Financials Revenue Operating Income $160 $151 $160 $180 $206 $192 $204 $208 9/30/15 12/31/15 3/31/16 6/30/16 9/30/16 12/31/16 3/31/17 6/30/17 $7.6 $5.1 $2.5 $8.2 $9.2 $7.0 $1.6 $4.7 9/30/15 12/31/15 3/31/16 6/30/16 9/30/16 12/31/16 3/31/17 6/30/17
Slide 7: Backlog Of $314 Million As Of 6/30/17
7 Backlog Of $314 Million As Of 6/30/17 Quarterly Backlog $361 $341 $328 $335 $314 6/30/16 9/30/16 12/31/16 3/31/17 6/30/17 Revenue in backlog at the Commercial & Industrial Wind-Down Branches at June 30, 2017 and 2016 was $16.5 million and $31.5 million, respectively
Slide 8: Income Statement
8 Income Statement (in millions, except earnings per share)Three Months Ended Nine Months Ended June 30,June 30,2016 2017 2016 2017 Revenue $179.6 $208.3 $490.3 $604.2 Income from operations (1)8.2 4.7 15.8 13.3 Interest expense & other0.30.40.81.2 Income from operations before income taxes$7.9$4.4$
Slide 9: Income Statement: Commercial & Industrial Wind-Down Branches
9 Income Statement: Commercial & Industrial Wind-Down Branches The following table presents the operating losses of the Commercial & Industrial Wind-Down Branches for the current and prior year quarter and year-to-date periods (in millions)Three Months Ended Nine Months Ended June 30,June 30,2016201
Slide 10: Select Balance Sheet Data
10 Select Balance Sheet Data (in millions) 9/30/166/30/17 Cash $33.2 $23.9 Current Assets 176.5 199.9 Deferred Tax Assets 93.5 88.9Non-Current Assets91.1104.5Total Assets $394.3$417.2 Current Liabilities$133.1$146.9Other Liabilities6.84.4Debt29.329.4Total Liabilities$169.1$180.8 Noncontrolling inter
Slide 11: Segment Results
11 Segment Results (in millions)Three Months Ended Nine Months Ended June 30,June 30,2016201720162017RevenueCommercial & Industrial$59.5$58.8$158.9$168.0Communications48.7 57.1 128.8 172.1 Infrastructure Solutions14.5 22.3 40.2 59.6 Residential56.9 70.2 162.4 204.5 Total Revenue$179.6$208.3$490.3$60
Slide 12: Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc. (in millions)Three Months Ended Nine Months Ended June 30,June 30,2016 2017 2016 2017 Net income attributable to IES Holdings, Inc. $10.8 $5.9$18.8 $10.3 Provision (benefit) for income taxes (2.9) (1.5) (3.9) 1.8 Adjus
Slide 13: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $404 million as of September 30, 2016, 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