Emcor Group, Inc. · NYSE:EME
Emcor — Investor Presentation (October 2024)
21 slides from Emcor's investor presentation, Oct 31, 2024
Slide 1: Corporate Overview
EMCOR GROUP, INC. CORPORATEOctober OVERVIEW 31, 2024 October 31, 2024 1
Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures
EMCOR GROUP, INC. October 31, 2024 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL DISCLOSURES Forward-Looking Statements This presentation and related materials contain forward-looking statements. Such statements speak only as of the date on the cover of this slide deck, and EMCOR assumes no obli
Slide 3: Key Takeaways
EMCOR GROUP, INC. October 31, 2024 KEY TAKEAWAYS EMCOR installs, services, operates, maintains, and protects complex and dynamic systems and critical 1 infrastructure for facilities in multiple growth sectors of the economy Expertise in managing skilled trade labor performing complex installations a
Slide 4: EMCOR at a Glance
EMCOR GROUP, INC. October 31, 2024 EMCOR AT A GLANCE » A Fortune 500® company, EMCOR Group, Inc. (NYSE: EME) is Key Highlights a leader in mechanical and electrical construction, industrial and energy infrastructure, and building services $12.6B $3.7B » Service offerings specialize in the planning,
Slide 5: Broad Construction and Services Platform
EMCOR GROUP, INC. October 31, 2024 BROAD CONSTRUCTION AND SERVICES PLATFORM Construction Services Mechanical Electrical Selected Areas of Expertise Mechanical and electrical contractors with decades of experience in multiple U.S. sectors ~63% HVAC High / Low Fire Lighting and Plumbing of 2023 Revenu
Slide 6: Well-Positioned to Benefit from Multiple Trends Driving Profitable Organic Growth
EMCOR GROUP, INC. October 31, 2024 WELL-POSITIONED TO BENEFIT FROM MULTIPLE TRENDS DRIVING PROFITABLE ORGANIC GROWTH Data Centers Re-Shoring Electrification Energy Efficiency Legislative and and and and Tailwinds Connectivity Nearshoring EV Value Chain Sustainability Continued Critical supply
Slide 7: Well-Positioned to Benefit from Expected Energy Efficiency and Sustainability Trends
EMCOR GROUP, INC. October 31, 2024 WELL-POSITIONED TO BENEFIT FROM EXPECTED ENERGY EFFICIENCY AND SUSTAINABILITY TRENDS » Strong demand expected in HVAC and lighting retrofit, building automation and control services that improve building efficiency, energy consumption, and indoor air quality (IAQ)
Slide 8: EMCOR's Diverse Business Mix
EMCOR GROUP, INC. October 31, 2024 EMCOR’S DIVERSE BUSINESS MIX Broad Construction and Diverse Remaining Performance Services Platform Obligations (RPOs) by Sector ($ Millions) (Unaudited) 2023 Revenue By Segment $10,000 $9,789 5% $9,000 $8,847 3% $8,635 3% 3% 7% $8,000 9% 9% 9% $7,000 22% 11% $6,00
Slide 9: Participating in Diverse and Resilient Sectors
EMCOR GROUP, INC. October 31, 2024 PARTICIPATING IN DIVERSE AND RESILIENT SECTORS Diverse Remaining Performance Obligations (RPOs) +20% CAGR $9.8B 5% Expanded Disclosure 3% Since 2023 3% Warehouses, office, Commercial retail, and 7% Commercial restaurants $4.0B 9% Healthcare Network and Data centers
Slide 10: Local Execution, National Reach
EMCOR GROUP, INC. October 31, 2024 LOCAL EXECUTION, NATIONAL REACH Strategic Locations in Key Geographies UK ~400 U.S. Locations Corporate Headquarters ~100 Construction Services Operating Subsidiaries Building Services Industrial Services Construction Services Building Services Industrial Services
Slide 11: Why EMCOR Wins
EMCOR GROUP, INC. October 31, 2024 WHY EMCOR WINS People and Talent Technology Differentiation Focus on our people and talent Investments in Virtual Design and are foundational to our success. Construction (VDC) and Our “Mission First, People prefabrication capabilities create Always” mindset guides
Slide 12: Leader in Virtual Design and Construction and Prefabrication
EMCOR GROUP, INC. October 31, 2024 LEADER IN VIRTUAL DESIGN AND CONSTRUCTION AND PREFABRICATION Virtual Design and Construction (VDC) Prefabrication » One of the most valuable digital tools available to » By using VDC and BIM, EMCOR companies utilize specialty contractors today prefabrication in the
Slide 13: Mission First, People Always Culture Guides Our Strategy and Operations
EMCOR GROUP, INC. October 31, 2024 MISSION FIRST, PEOPLE ALWAYS CULTURE GUIDES OUR STRATEGY AND OPERATIONS Our People Sustainability » Foundational focus on our workforce and culture » We are committed to strong sustainability that values integrity, discipline, practices and strive to be transparent
Slide 14: Commitment to Balanced Capital Allocation
EMCOR GROUP, INC. October 31, 2024 COMMITMENT TO BALANCED CAPITAL ALLOCATION Capital Allocation Strategy Capital Allocation by Year (% of total capital allocated) Business Reinvestment 4.9% » Expand prefabrication 13.2% 24.4% capacity Capex 36.7% 38.1% » Investments in VDC technologies, including BI
Slide 15: Summary
EMCOR GROUP, INC. October 31, 2024 SUMMARY » Record RPOs of $9.8 billion as of September 30, 2024, along with strong and diverse pipeline, provide solid near-term line of sight » Continuing to perform well in large and growing sectors with strong demand and long-term secular trends, including Networ
Slide 16: Key Financial Data – Income Statement
EMCOR GROUP, INC. October 31, 2024 KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarter Ended September 30, Variance 2024 2023 $ % Revenues $ 3,696,924 $ 3,207,598 $ 489,326 15.3% Gross Profit 734,726 545,472 189,254 34.7% 19.9% 17.0% Selling,
Slide 17: Key Financial Data – Income Statement
EMCOR GROUP, INC. October 31, 2024 KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Nine Months Ended September 30, Variance 2024 2023 $ % Revenues $ 10,796,097 $ 9,143,652 $ 1,652,445 18.1% Gross Profit 2,008,036 1,471,594 536,442 36.5% 18.6% 16.
Slide 18: Key Financial Data – Balance Sheet
EMCOR GROUP, INC. October 31, 2024 KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) 09/ 30/ 24 12/ 31/ 23 Cash $ 1,035,534 $ 789,750 Working Capital $ 1,081,188 $ 928,616 Goodwill $ 1,002,218 $ 956,549 I dentifiable I ntangible Assets, Net $ 648,123 $ 586,032 Total Debt (excludes operati
Slide 19: Key Financial Data – Quarter Segment Detail
EMCOR GROUP, INC. October 31, 2024 KEY FINANCIAL DATA – QUARTER SEGMENT DETAIL ($ Thousands) (Unaudited) For the quarters endedSeptember 30, %of %of 2024 Total 2023 Total Revenues fromunrelatedentities: United States electrical construction and facilities services $ 845,030 23% $ 697,406 22% United
Slide 20: Key Financial Data – Annual Segment Detail
EMCOR GROUP, INC. October 31, 2024 KEY FINANCIAL DATA – ANNUAL SEGMENT DETAIL ($ Thousands) For the years endedDecember 31, %of %of 2023 Total 2022 Total Revenues fromunrelatedentities: United States electrical construction and facilities services $ 2,783,723 22% $ 2,433,114 22% United States mechan
Slide 21: Thank You
Thank You Corporate Headquarters EMCOR Group, Inc. 301 Merritt Seven Norwalk, CT 06851 USA 203.849.7938 emcor_info@emcor.net emcorgroup.com Andrew G. Backman Vice President, Investor Relations ABackman@emcor.net