Dycom Industries, Inc. · NYSE:DY
Dycom Industries — Q4 2021 Earnings Presentation
12 slides from Dycom Industries's earnings presentation, Mar 3, 2021
Slide 1: Dycom Q4 2021 Results
Dycom Q4 2021 Results March 3, 2021
Slide 2: Participants and Agenda
Participants Steven E. Nielsen President & Chief Executive Officer H. Andrew DeFerrari Chief Financial Officer Ryan F. Urness General Counsel Agenda * Q4 2021 Overview * Industry Update * Financial & Operational Highlights * Outlook * Closing Remarks © Q&A eDYCOM
Slide 3: Important Information
Important Information pe Caution Concerning Forward-Looking Statements This presentation contains forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act. These statements include those related to the outlook for the quarter ending May 1, 2021 found within thi
Slide 4: Q4 2021 Overview
Contract Revenues $737.6 Millions Q4 2020 Non-GAAP Adjusted EPS $(0.23) Q4 2021 Overview Contract Revenues Q4 2021 contract revenues of $750.7 million decreased 6.2% on an organic basis after excluding $5.7 million of revenues from storm restoration services and adjusting for the additional week of
Slide 5: Industry Update
Industry Update Industry Increasing Network Bandwidth Dramatically Major industry participants constructing or upgrading significant wireline networks across broad sections of the country generally designed to provision 1 gigabit network speeds directly to consumers or wirelessly using 5G technologi
Slide 6: Contract Revenues and Top Customers
t Revenu Contrac Non-GAAP Organic Growth (Decline) % Top 5 Customers - % of Total Contract Revenues 22. 1431 9.6% 8.3% 36 (0.2% - 2 | 4 Heaate a aes Comeast AT&T Verizon Lumen’ Windstream 242020 13.8% 18.0 21.9% 183 53% m 042021 18.8% 16.8 15.7% 13.49 43% Q4 2021 Organic Growth (Decline) Top 5 custo
Slide 7: Backlog, Awards and Employees
Backlog, Awards and Employees Backlog? $ Billions $8 $7.051 6 694 $5 $4 83 2 31 50 Qi 2020 2.2020 $6.349 = 93 2020 $7314 i 42020 Qi 2021 Next 12 month backlog Employee Headcount 15,278 15,301 12020 Q22020 15,382 ; [ : ; ; 3 2020 15,230 42020 Qt 2021 $6.441 2 2021 14,054 22021 $5.412 93 2021 93.2021
Slide 8: Financial Highlights
Financial Highlights Contract Revenues $737.6 $750.7 4 2020 Q4 2021 contract revenues of $7. Q4 2021 7 million d Non-GAAP Non-GAAP Adjusted EBITDA Adjusted EPS E $44.5 $45.7 $(0.23) $(0.07) ie) 6.0% 4 2020 Q4 2021 Q4 2020 Q4 2021 © As % of Contract Revenues after excluding $5.7 million of revenues f
Slide 9: Liquidity Overview
Liquidity Overview Debt Summary 3.2021 Q4 2021 Notional Net Debt Reduction 0.75% Convertible Senior Notes, mature S Senior Credit Facility, matures Oct 2023: $ 583 Revolving Fai 85. Total Notional Amount of Debt $570.8 [9 Less: Cash and Equivalents 12.0 = ($276.4) nal Net Debt” $ $573.4 Q4 2021 Cash
Slide 10: Outlook
Outlook For Q1 2022, as compared sequentially to Q4 2021, the Company expects contract revenues to range from in-line to modestly lower and Non-GAAP Adjusted EBITDA as a percentage of contract revenues to range from in-line to modestly higher The Company believes that, in addition to other factors,
Slide 11: Closing Remarks
Closing Remarks Strong award activity and emerging breadth in Dycom's business despite challenging economic backdrop Fiber deployments enabling new wireless technologies are underway in many regions of the country Telephone companies are deploying FTTH to enable 1 gigabit high speed connections and,
Slide 12: Notes
Notes y 2) 3) 4) 5) 6) 7) 12 Organic growth (decline) % adjusted for revenues from acquired businesses, storm restoration services, and for the additional week of operations during the fourth quarter as a result of the Company's 52/53 week fiscal year, when applicable Formerly known as CenturyLink,