Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q2 2017 Earnings Presentation
12 slides from Ies's earnings presentation, May 5, 2017
Slide 1: IES Holdings, Inc. Second Quarter 2017 Update
IES Holdings, Inc. Second Quarter 2017 Update May 5, 2017 Exhibit 99.2
Slide 2: Disclosures: Forward-Looking Statements
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 assumptions
Slide 3: Revenue, Operating Income, Net Income and Backlog
IES Holdings, Inc. (NASDAQ: IESC) REVENUE OPERATING INCOME NET INCOME ATTRIBUTABLE TO IES BACKLOG * Adjusted net income attributable to IES is a non-GAAP financial measure; see supplemental disclosure for reconciliation table Financial measures presented here are in millions, except for earnings per
Slide 4: Second Quarter 2017 Highlights
Second Quarter 2017 Highlights Revenue $203.7 million, an increase of 27.3% compared with the 2nd quarter of FY16 (“2Q16”) Income from Operations $1.6 million, a decrease of $0.9 million compared with 2Q16 Earnings Net income attributable to IES of $0.5 million, or $0.02 per diluted share Adjusted n
Slide 5: Second Quarter 2017 Segment Results
Second Quarter 2017 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $55.3 million, increase of 2.1% over 2Q16 Operating Loss: ($2.6) million Operating Margin: (4.7%) Revenue: $61.7 million, increase of 56.7% over 2Q16 Operating Profit: $3.2 millio
Slide 6: Quarterly Financials
Quarterly Financials Revenue Operating Income
Slide 7: Quarterly Backlog
Backlog as of 3/31/17 is up $34 million compared to prior year Quarterly Backlog
Slide 8: Income Statement
Income Statement (in millions, except earnings per share) March 31, March 31, 2016 2017 2016 2017 Revenue $160.0 $203.7 $3107 $395.8 Income from operations 25 16 76 86 Interest expense & other 03 04 06 08 Income from operations before income taxes $22 $12 $7.4 $78 Provision (benefit) for income taxe
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions) 9/30/16 3/31/17 Cash $33.2 $208 Current Assets 176.5 1945 Deferred Tax Assets 93.5 90.3 Non-Current Assets 911 102.3 Total Assets $394.3 $408.0 Current Liabilities $133.1 $1403 Other Liabilities 68 74 Debt 29.3 294 Total Liabilities $169.1 $1771 Noncontrolling
Slide 10: Segment Results
Segment Results (in millions) Three Months Ended Six Months Ended March 31, March 31, 2016 2017 2016 2017 Revenue Commercial & Industrial $54.1 $55.3 $99.4 $109.2 munications 39.4 61.7 80.1 115.0 Infrastructure Solutions 13.41 188 257 373 jidential 53.4 67.9 105.5 1344 Total Revenue $160.0 $203.7 $3
Slide 11: Non-GAAP Reconciliation of Adjusted Net Income Attributable to IES Holdings, Inc.
Non-GAAP Reconciliation of Adjusted Net Income Attributable to IES Holdings, Inc.
Slide 12: 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