Slide 1: Integrated Electrical Services, Inc. 3rd Quarter Results
Integrated Electrical Services, Inc. 3rd Quarter Results August 10, 2010 Michael J. Caliel, President & CEO Terry Freeman, SVP & CFO Karen Roan, DRG&E IES. ssc
Slide 2: Safe Harbor
Safe Harbor * Cotta statements in his release, including statements regaring the restructuring plan and foal estimated charges and ost reductions associated with this plan, are Hooking Statements" within the meaning of Section 27A ofthe Secures Act of 1933 and Section 21E of the Secunties ‘Act of 19
Slide 3: Q3 Highlights
Q3 Highlights # Challenging economic conditions continue # Ongoing weakness in end markets # Projects delayed, deferred, or canceled = 3 quarter results disappointing # Backlog up 3% from Q2 = 3 consecutive quarter of backlog growth # Significant new project awards in targeted markets # Continued ag
Slide 4: Financial Highlights
eT Financial Highlights (S Thousands) Revenues Gross profit % SG&A % Restructuring charges Operating Income (Loss) % Net Income (loss) Diluted Earnings per Share | E S We power ). progress ‘Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended June 30, 2010 June 30, 2009 June 30,
Slide 5: Commercial & Industrial
Commercial & Industrial ($ Thousands) Three Months Ended Three Months Ended ~—Nine Months Ended Nine Months Ended June 30,2040 June 30, 2009 June 30, 2010 June 30,2009 Revenues 89,916 134,454 260,723 395,636 Gross profit 8,740 22,188 29,156 62,073 % 9.7% 16.5% 11.2% 15.7% Selling, general and admini
Slide 6: Residential
Residential (S Thousands) Revenues Gross profit, % Selling, general and administrative % Restructuring charge Operating income (Loss) % | E S We power ). progress Three Months Ended Three Months Ended “Nine Months Ended —_Nine Months Ended June 30,2010 June 30, 2009 June 30,2010 June 30, 2009 31,489
Slide 7: Backlog
Backlog ($ Millions) Jun-09 10-Mar 10-Jun IES sees
Slide 8: Q3 Balance Sheet Highlights
Q3 Balance Sheet Highlights (S Thousands) June 30 Sept. 30 2010 2009 Cash 30,725 64,174 Current Assets 162,618 221,270 Current Liabilities 69,078 99,706 Working Capital 93,540 121,564 Total Debt 11,898 28,687 Total Equity 112,841 132,548 Backlog 259,285 240,548 Liquidity 40,313 76,695 LES vam re pro
Slide 9: Summary
Summary # Key project awards in targeted markets # Continue to deliver exceptional safety performance # Aggressively managing costs and liquidity — on pace to beat $85-90MM SG8A target for FY 2010 # Significant operating leverage as market recovers LES we fs progress