Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q2 2014 Earnings Presentation
18 slides from Abm Industries's earnings presentation, Jun 4, 2014
Slide 1: Second Quarter 2014 Teleconference
Second Quarter 2014 Teleconference June 4, 2014
Slide 2: Agenda
Agenda 2 Introduction & Overview | Henrik Slipsager, CEO Second Quarter 2014 Review of Financial Results | Jim Lusk, CFO Second Quarter 2014 Operational Review | Jim McClure, EVP, Tracy Price, EVP & Henrik Slipsager, CEO Fiscal 2014 Outlook | Henrik Slipsager, CEO Questions & Answers Forward-Looking
Slide 3: Second Quarter 2014 Review of Financial Results
Second Quarter 2014 Review of Financial Results
Slide 4: Fiscal Q2 2014 Overview
Fiscal Q2 2014 Overview Achieved record revenue for the second quarter of $1.23 billion, up 4.9% Organic growth rates: Janitorial 3.1%; Building & Energy Solutions 21.0%1; and Other (Air Serv) 5.9%2 Net income of $0.27 per diluted share; adjusted net income of $0.33 per diluted share compared to $0.
Slide 5: Second Quarter Results Synthesis - Key Financial Metrics
Second Quarter Results Synthesis - Key Financial Metrics 5 Note: Reconciliation of adjusted operating profit, adjusted net income, adjusted net income per diluted share, and adjusted EBITDA is in the appendix of this presentation. Net Income Net income of $15.2 million, or $0.27 per diluted share, d
Slide 6: Select Cash Flow & Balance Sheet Items
Select Cash Flow & Balance Sheet Items Cash Flow from Operating Activities (in millions) Q2 2014 Insurance claim liabilities of $357.1 million up $6.4 million compared to Q2 2013 Q2 2014 Self-insurance claims paid $23.1 million down $0.5 million compared to Q2 2013 Q2 2014 capital expenditures of $9
Slide 7: Select Cash Flow & Balance Sheet Items - Continued
Select Cash Flow & Balance Sheet Items - Continued 7 Line of Credit OneSource Linc Air Serv/HHA In Millions Dividends Paid (Fiscal Year Basis) Per Share (CHART) (CHART)
Slide 8: Second Quarter 2014 Operational Review
Second Quarter 2014 Operational Review
Slide 9: Q2 2014 Results Synthesis - Revenues
Q2 2014 Results Synthesis - Revenues Revenues of $631.7 million, up organically $18.8 million or 3.1% compared to 2013 Q2 Janitorial tag business up 2.3% Consolidated revenues up 4.9% at $1.23 billion - A Q2 Record Janitorial Services 9 Facility Services Parking & Shuttle Services Security Services
Slide 10: Q2 2014 Results Synthesis - Operating Profits
Q2 2014 Results Synthesis - Operating Profits1 Janitorial operating profit of $36.2 million, decreased $1.3 million or (3.5)% primarily due to higher legal expenses and higher operating expenses from larger and new national jobs, including start-up costs on significant jobs of $0.4 million, and a lo
Slide 11: Q2 2014 Business & Sales Highlights
Q2 2014 Business & Sales Highlights Acquired Alpha Mechanical, Inc. a provider of HVAC service, energy solutions, and building controls, in commercial, life science, education, military and municipal government buildings located in southern California. Omni Serv, a division of Air Serv, successfully
Slide 12: Outlook
Outlook
Slide 13: Fiscal 2014 Outlook
Fiscal 2014 Outlook Based on the Company's year-to-date operational results and its current expectations for a strong second half of fiscal 2014, the Company is reaffirming guidance for: Net income of $1.38 to $1.48 per diluted share Adjusted net income of $1.58 to $1.68 per diluted share Depreciati
Slide 14: Forward-Looking Statement
Forward-Looking Statement 14 This presentation contains forward-looking statements that set forth management's anticipated results based on management's current plans and assumptions. Any number of factors could cause actual results to differ materially from those anticipated. These factors include,
Slide 15: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures 16
Slide 17: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures 17
Slide 18: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures 18