Slide 1: Fiscal 2012 4th Quarter Presentation
Exhibit 99.2 Fiscal 2012 4th Quarter Presentation August 29, 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 fourth 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 state
Slide 4: Q4-2012 Overview
Q4-2012 Overview n Contract revenue of $318.0 million as compared to $303.7 million in the prior year quarter n Contract revenue grew organically 9.0%, excluding storm restoration services of $2.3 million from the current quarter and $14.1 million from Q4-11 n Adjusted EBITDA of $40.5 million at 12.
Slide 5: Top customers represented 61.1% of revenue in Q4-12 and Q4-11
n Top 5 customers represented 61.1% of revenue in Q4-12 and Q4-11 Ø CenturyLink, Dycom’s largest customer, grew organically 27.4% year over year Ø Verizon, Dycom’s fourth largest customer, grew in excess of 16% organically year over year Ø Windstream, Dycom’s fifth largest customer, exceeded 71% org
Slide 6: Backlog and Awards
Backlog and Awards Current Awards and Extensions Customers Description Area Approximate Term (in years) nCharter Communications Construction and Maintenance Services Illinois, Missouri, Tennessee, Alabama, 1 Massachusetts nComcast Construction and Maintenance Services Illinois 3 & Cable Installation
Slide 7: Summary Results
Summary Results Organic revenue growth of 9.0%, after adjusting for storm work Revenue from Telecommunications customers 85.0% of total in each period Adjusted EBITDA grows to $40.5 million from increased operations EPS of $0.39 per common share diluted as compared to $0.38 in the prior year quarter
Slide 8: Selected Information
Selected Information Q4-12 Q4-11 Change (a) ($ in millions)(b) Contract Revenues $ 318.0 $ 303.7 $ 14.3 Organic Revenue growth of 9.0%, excluding revenues from storm restoration services Cost of Earned $ 252.1 $ 239.1 $ 13.0 in each period Revenues 79.3% 78.7% nGrowth within existing contracts Gener
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 $10.6 million Balance Sheet Strength nAmple liquidity from cash on hand of $52.6 million and $186.5 milli
Slide 10: Summary
Summary n Firm end market opportunities } 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 continuing to deploy fiber
Slide 11: Looking Ahead
Looking Ahead n Revenues which are slightly down to approximately flat year over year, excluding storm restoration services n Margins which increase slightly year over year n General and administrative expenses which increase modestly on an annual basis, including approximately $2.0 million of incre
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 twelve months ended July 28, 2012 and July 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 and organic revenue notes
(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) Q4-12 organic growth excludes storm restoration re
Slide 14: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Year-over-year growth 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. Amounts may not foot due to ro
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 4th Quarter Presentation
Fiscal 2012 4th Quarter Presentation August 29, 2012
Slide 17: Slide 17