Rollins, Inc. · NYSE:ROL
Rollins — Bank of America Information and Business Services Conference 2024
18 slides from Rollins's conference presentation, Mar 14, 2024
Slide 1: Bank of America Information and Business Services Conference 2024
Bank of America Information and Business Services Conference 2024 Rollins, Inc. March 14, 2024
Slide 2: Safe Harbor
Safe Harbor Statements made in this earnings presentation may contain forward-looking statements that involve risks and uncertainties concerning the Company’s business and financial results. We have based these forward-looking statements largely on our current opinions, expectations, beliefs, plans,
Slide 3: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And NON- GAAP Financial Measures The Company has used the non-GAAP financial measures of organic revenues, organic revenues by type, adjusted net income, adjusted earnings per share (“EPS”), earnings before interest, taxes, depreciation and amortization (“EBITDA”), EBITDA marg
Slide 4: Full Year 2023 Results Highlights
Full Year Other 2023 Results 2023 Highlights • Double-digit growth across all major service lines. $3.1B 14% Revenue of up • Organic growth of over 8%, acquisitions drove remaining growth. $0.90 20% Adjusted • Executed balanced capital allocation program, up deploying nearly $1 BILLION of capital. E
Slide 5: Q4 2023 Results Highlights
Q4 Other 2023 Results Q4 Highlights • Double-digit growth across all major service lines $754M 14% Revenue of up • Organic growth of over 7%, acquisitions drove remaining growth $0.21 24% Adjusted • Divested non-core lawn care asset, recorded $15 up million gain on sale EPS1 of • Free cash flow conv
Slide 6: Balanced 2024 Outlook
Balanced 2024 Outlook WHAT WE ARE SEEING WHAT WE EXPECT Organic Growth Continued Growth Healthy market growth and solid execution Focused on delivering solid growth and healthy driving strong organic growth with good incremental margins in 2024, further performance across all major service areas com
Slide 7: Cash Flow and Use Of Liquidity
Cash Flow and Use Of Liquidity HIGHLIGHTS Cash Generation Q4 & FY 2023 Free Cash Flow FY 2023 Uses of Cash Flow • FY Free Cash Flow Conversion & Liquidity was ~114% • Strong balance sheet with CAPEX ($32M) modest levels of debt +22% +14% DIVIDENDS $496M Acquisitions $142M ($264M) • Closed 5 acquisit
Slide 8: Key Takeaways
Key Takeaways Focus on Modernization Exceptional Performance Broadened banking relationships and expanded Healthy pipeline of acquisitions, Fox acquisition revolver leading to robust growth from M&A Executed restructuring program in home office to improve back-office efficiencies Robust organic grow
Slide 9: Appendix
2 APPENDIX |
Slide 10: Revenue Growth Trends
Revenue Growth Trends ROLLINS COMPETITIVE ADVANTAGES YOY REVENUE GROWTH COVID Pandemic Resilient business that has grown Great Financial Crisis Industrial Slowdown through economic cycles Growth acceleration began pre-COVID and has continued • Consistently delivered HSD organic growth over the last
Slide 11: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Three Months Ended December 31, Twelve Months Ended December 31, Variance Vari
Slide 12: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Three Months Ended December 31, Twelve Months Ended December 31, Variance Vari
Slide 13: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Three Months Ended December 31, Twelve Months Ended December 31, Variance Vari
Slide 14: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Three Months Ended December 31, Twelve Months Ended December 31, Variance Vari
Slide 15: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Period Ended (unaudited, in thousands) December 31, 2023 Reconciliation of Lon
Slide 16: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Three Months Ended December 31, Variance Twelve Months Ended December 31, Vari
Slide 17: Reconciliation Of GAAP And Non-GAAP Financial Measures
Reconciliation Of GAAP And Non-GAAP Financial Measures Set below are reconciliations of non-GAAP financial measures used in this investor presentation and conference call with their most directly comparable GAAP measures. Three Months Ended December 31, Variance Twelve Months Ended December 31, Vari
Slide 18: Slide 18
Rollins — Bank of America Information and Business Services Conference 2024 on 6ix