IES Holdings, Inc. · NASDAQ:IESC
IES — Investor Presentation (February 2017)
22 slides from IES's investor presentation, Feb 1, 2017
Slide 1: IES Holdings, Inc. Investor Presentation
IES Holdings, Inc. Investor Presentation February 1, 2017 Exhibit 99.1
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: IES Holdings, Inc. (NASDAQ: IESC)
IES Holdings, Inc. (NASDAQ: IESC) Revenue: $696 million Operating Income: $25 million Cash: $33 million NOLs**: $404 million Headquarters: Houston, TX * Liquidity is defined as cash and cash equivalents plus availability under revolving credit facility ** The Company estimates that it has available
Slide 4: Financial Summary
Financial Summary 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 share or as oth
Slide 5: Holding Company Growth Strategy
Holding Company Growth Strategy Focus segment growth and investments in core markets where we have expertise Manage risk through prudent project selection and market diversification Acquire or invest in stand-alone platform companies or acquire businesses that strategically fit within our existing b
Slide 6: Four Operating Segments
Four Operating Segments Commercial & Industrial $222M of revenue Communications $190M of revenue Infrastructure Solutions $58M of revenue Residential $226M of revenue Note: revenue for fiscal year end 2016
Slide 7: Commercial & Industrial
REVENUE GEOGRAPHIC COVERAGE Commercial & Industrial REPRESENTATIVE MARKETS • Biological Research Facilities • Chemical and Refining • Data Centers • Education • Healthcare Facilities • HVAC Services • Manufacturing Facilities • Municipal Infrastructure • Office Buildings • Wind Farms / Solar BUSINES
Slide 8: Commercial & Industrial: Each Market Drives Our Approach
Commercial & Industrial: Each Market Drives Our Approach
Slide 9: Communications
REVENUE GEOGRAPHIC COVERAGE Communications Headquarters Branch Locations REPRESENTATIVE MARKETS • Data Centers • Distribution • Education • Financial • Healthcare Facilities • High - Tech Manufacturing • Hospitality • Information Technology • Office Buildings BUSINESS OVERVIEW • Nationwide provider
Slide 10: Communications: Evolution of Service Offering
Structured Cabling mid-1980s 2000s 2008 2010 2016 Data Center Audio/Visual DAS/WI-FI Life Safety Security Data Center Integration Service Communications: Evolution of Service Offering
Slide 11: Infrastructure Solutions
Note: Segment was created in September 2013 with the acquisition of MISCOR Group, Ltd. REVENUE GEOGRAPHIC COVERAGE REPRESENTATIVE MARKETS Manufacturing Marine Mining Petrochemical Power Generation Pulp and Paper Railroad Scrap Yards Steel Utilities Wind Energy BUSINESS OVERVIEW Provider of electro-m
Slide 12: Services and Products Offered: Industrial & Electro-Mechanical Services
Services and Products Offered Infrastructure Solutions: Industrial & Electro-Mechanical Services * Magnetech was acquired with the acquisition of MISCOR Group, Ltd. in September 2013
Slide 13: Infrastructure Solutions: From Power Source to Power Usage
Infrastructure Solutions: From Power Source to Power Usage Power Source Acquired 2016 Bus Duct Acquired 2013 Switchgear / Breakers / Transformers Acquired 2015 Transit Acquired 2013 Motor Repair and Rewind / Magnet Midstream Usage
Slide 14: Residential
Residential REVENUE BRANCHES BUSINESS OVERVIEW • Regional provider of electrical installation services for single - family (SF) housing and multi - family (MF) apartment complexes • Cable television and solar panel installation REPRESENTATIVE MARKETS • Single Family Homes • Multi - Family Homes • Re
Slide 15: Residential: Branch Model Drives Growth
Residential: Branch Model Drives Growth
Slide 16: Overview of Recent Acquisitions
Overview of Recent Acquisitions Company Closed Date Business Description Acquisition Fit IES Segment Technibus, Inc. June 2016 Manufactures Isolated Phase, Non-Segregated, and Segregated Bus Duct (Canton, OH) Expand Infrastructure Solutions business into power industry and field services Highly engi
Slide 17: Financial summary
Financial summary
Slide 18: Income Statement
Income Statement (in millions, except earnings per share) Fiscal Year Endi 30, 2013 2014 2015 2016 Revenue $494.6 $5124 $573.9 $696.0 Income from operations 04 76 185 25.0 Interest expense & other 23 14 1.0 12 Income from operations before income taxes ($1.9) $6.3 $17.5 $23.8 Provision (benefit) for
Slide 19: Select Balance Sheet Data
Select Balance Sheet Data (in millions) Cash Current Assets Deferred Tax Assets Non-Current Assets Total Assets Current Liabilities Other Liabilities Debt Total Lial Noncontrolling interest Equity Total Liabilities & Equity Fiscal Year Ending September 30, 2013 $208 123.3 33.8 $1778 $95.0 8.0 123 $1
Slide 20: Liquidity Remains Strong Even After Recent Acquisitions
Liquidity Remains Strong Even After Recent Acquisitions $64.6 Total Liquidity Cash Paid in Business Combinations
Slide 21: 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
Slide 22: Non-GAAP Reconciliation of Adjusted Net Income Attributable To IES Holdings, Inc.
Non-GAAP Reconciliation of Adjusted Net Income Attributable To IES Holdings, Inc.