Slide 1: 4th Quarter Fiscal 2009 Results Presentation
4th Quarter Fiscal 2009 Results Presentation August 26, 2009
Slide 2: Participants
Participants Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel
Slide 3: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non- GAAP Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "estimate," "intend," "forecast," "may," "should", "could", "project," "
Slide 4: Q4-2009 Overview
Q4-2009 Overview Results of $0.17 per shareRevenue of $269.7 million in Q4-09 increased sequentially by 4.6% but declined year over year by 16.3% Margins improved sequentially and year over yearStrong operating cash flows during the quarter
Slide 5: Revenue by Customer
Revenue by Customer Top 5 customers represented 63.7% of revenue in Q4-09 and 63.9% of revenue in Q4-08Overall revenue decline was 16.3%, with top 5 customers down approximately 16.5% and all other customers down approximately 15.9% Q4 2009 Telecommunications 0.762 Utility Line Locating 0.181 Electr
Slide 6: Q4-2009 Summary
Q4-2009 Summary Note: See "Regulation G Disclosure" slides for a reconciliation of non-GAAP financial measures. Year over year revenue decline of 16.3% reflects customer reductions in near-term capital spending plans. (16.3)% (26.3)%
Slide 7: Selected Financial Information
Selected Financial Information Year-over-year revenue decline. Cost of earned revenues declined as a percentage of revenue due to lower labor costs, fuel prices and safety and claims costs. This decline was partially offset by increases in operating costs as a percentage of revenue for direct materi
Slide 8: Cash Flow and Liquidity
Cash Flow and Liquidity Cash flow from operations was strong at $30.5 million for Q4-09Combined days sales outstanding on trade receivables and net unbilled revenues were 62 days in Q4-09 and 61 days in Q3-09 (a)Capital expenditures, net of disposals declined sequentially to $4.0 million Total debt,
Slide 9: Summary
Summary Challenging economic environmentSolid customer relationships At the forefront of evolving industry opportunities including those resulting from industry mergers and acquisitionsGrowing market share as customers consolidate vendorsEncouraged by deployment of new technologies by cable operator
Slide 10: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure
Slide 11: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure
Slide 12: 4th Quarter Fiscal 2009 Results Presentation
4th Quarter Fiscal 2009 Results Presentation August 26, 2009