V2x, Inc. · NYSE:VVX
V2x — Vectrus — Q1 2017 Earnings Presentation
9 slides from V2x's earnings presentation, May 9, 2017
Slide 1: Vectrus First Quarter 2017 Results
VECTRUS FIRST QUARTER 2017 RESULTS CHUCK PROW PRESIDENT AND CHIEF EXECUTIVE OFFICER MATT KLEIN SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER MAY 9, 2017
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARD-LOOKING STATEMENTS IN
Slide 3: Q1 2017 Highlights
Q1 2017 HIGHLIGHTS • Q1 2017 Financial Results o Revenue of $290.1 million o Operating margin of 4.0% o Diluted EPS of $0.60 o Net cash provided by operating activities of $9.9 million • Awarded one year extension on K-BOSSS with option periods to potentially extend support through March 2019 • Awar
Slide 4: Business Update
BUSINESS UPDATE • 2017 visibility improved due to new business and re-compete wins, contract modifications and extensions • Thule Base Maintenance phase-in continues with full operations to begin on October 1, 2017 • Subsequent to the first quarter, awarded $97 million Keesler Air Force Base Operati
Slide 5: Q1 2017 Financial Results
Q1 2017 FINANCIAL RESULTS First Quarter 2017 Q1 Q1 (In millions, except Operating Margin and Diluted Earnings Per Share) 2017 2016 vs. 2016 Revenue $ 290.1 $ 310.7 $ (20.6) Operating Income $ 11.6 $ 11.8 $ (0.2) Operating Margin 4.0 % 3.8 % 0.2 % Net Income $ 6.7 $ 6.6 $ 0.1 Diluted Earnings Per Sha
Slide 6: Debt Profile
DEBT PROFILE Total Debt Payment History: ($M) Mandatory $31.5M $150 Voluntary $27.0M Total $58.5M $140.0 2.6 $140 $137.4 11.4 $130 12.0 $120 $114.0 14.0 $110 15.0 $100 $90 $85.0 3.5 $81.5 $80 $70 $60 $50 9/30/14 2014 12/31/14 2015 2015 12/31/15 2016 2016 12/31/16 2017 3/31/2017 Debt Balance Debt Bal
Slide 7: Backlog
BACKLOG(1) ($B) $3.5 $3.0 $2.5 $2.9 $2.3 $2.4 $2.5 $2.1 (2) $2.0 $2.0 $1.7 $1.5 $1.5 $1.3 $1.3 $1.0 $1.0 $1.0 $0.8 $0.9 $0.5 $0.7 $- Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Funded Unfunded • Total backlog $2,924 million as of March 31, 2017 o Funded backlog $899 million o Unfunded backlog $2,025 mil
Slide 8: 2017 Guidance Summary
2017 GUIDANCE SUMMARY $ millions, except for operating margin and per (Prior) (Updated) (Prior) (Updated) share amounts 2017 Guidance 2017 Guidance 2017 Mid 2017 Mid 2016 Var to Mid %Var Revenue $ 910 to $ 1,010 $ 990 to $ 1,090 $ 960 $ 1,040 $1,191 $ (151) (12.6)% Operating Margin 3.40 % to 3.60 %
Slide 9: Vectrus First Quarter 2017 Results
VECTRUS FIRST QUARTER 2017 RESULTS CHUCK PROW PRESIDENT AND CHIEF EXECUTIVE OFFICER MATT KLEIN SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER