Emcor Group, Inc. · NYSE:EME

Emcor — D.A. Davidson 16th Annual Engineering & Construction Conference 2017

17 slides from Emcor's conference presentation, Sep 19, 2017

  1. Slide 1: D.A. Davidson 16th Annual Engineering & Construction Conference

    D.A. Davidson & Company 16th Annual Engineering & Construction Conference September 19, 2017

  2. Slide 2: Forward-Looking Statements

    D.A. DAVIDSON CONFERENCE September 19, 2017 Forward-Looking Statements This material and related presentation may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management and

  3. Slide 3: EMCOR Group

    D.A. DAVIDSON CONFERENCE September 19, 2017 EMCOR Group  Leading specialty construction, building and industrial services provider  2017 estimated revenues ~$7.6B  ~33,000 employees 3

  4. Slide 4: Why EMCOR

    D.A. DAVIDSON CONFERENCE September 19, 2017 Why EMCOR  Significant expertise in project execution and service delivery ̶ Excellence in managing skilled labor  Disciplined and effective cost management  Broad array of services delivered into growing end markets ̶ Platform for earnings growth  Str

  5. Slide 5: Leading Market Position Across all Businesses

    D.A. DAVIDSON CONFERENCE September 19, 2017 Leading Market Position Across all Businesses EMCOR GROUP, INC. 2016 Revenue: $7.6B CONSTRUCTION SERVICES U.S. U.S. U.S. U.S. MECHANICAL ELECTRICAL BUILDING INDUSTRIAL EMCOR UK CONSTRUCTION CONSTRUCTION SERVICES SERVICES 2016 Rev: $2.7B 2016 Rev: $1.7B 201

  6. Slide 6: Construction – U.S. Leading Specialty Construction Contractor

    D.A. DAVIDSON CONFERENCE September 19, 2017 CONSTRUCTION – U.S. Leading Specialty Construction Contractor  Sheet Metal  HVAC  Process Piping  Fire Protection  High Purity Piping  Plumbing  Low Voltage  Voice & Data  Lighting  Security / Alarm  Transmission & Distribution  High Voltage 6

  7. Slide 7: Building Services – U.S. Leading National Provider of Building Services

    D.A. DAVIDSON CONFERENCE September 19, 2017 BUILDING SERVICES – U.S. Leading National Provider of Building Services  National HVAC Services  Building Control Systems  Retrofit Projects  Repair Services  Service Agreements  Operations & Maintenance  HVAC Services  Retrofit Projects  Preventa

  8. Slide 8: U.S. Industrial Services

    D.A. DAVIDSON CONFERENCE September 19, 2017 U.S. Industrial Services Leading Provider of Refinery / Petrochemical Turnaround Services  Heat Exchanger Service / Fabrication  Embedded Contracts  Turnaround Services ̶ Heat Exchangers, including HF Alky Units ̶ Fluid Catalytic Cracking Units ̶ Coking

  9. Slide 9: Balanced Revenue Distribution

    D.A. DAVIDSON CONFERENCE September 19, 2017 Balanced Revenue Distribution Source Geography 14% 4% 34% 31% 96% 21% ($ Millions) ($ Millions) 2016 Revenues 2016 Revenues New Construction $2,524 United States $7,226 Retrofit & Renovating 1,586 U.K. 326 Building Services (Incl. UK) 2,375 $7,552 Industri

  10. Slide 10: Service Revenue is Growing as a Percent of Total Revenue

    D.A. DAVIDSON CONFERENCE September 19, 2017 Service Revenue is Growing as a Percent of Total Revenue ($ Millions) $9,000 $7,500 $7,552 ~$7,600  2016 service revenue $6,719 $3.4 billion or 45% $6,195 $6,334 $6,425 $6,000 $5,450 $4,698  Recurring service $4,500 revenue base under 45% more cyclical 4

  11. Slide 11: Backlog by Market Sector

    D.A. DAVIDSON CONFERENCE September 19, 2017 Backlog by Market Sector ($ Millions) $5,000 $5,000 $4,100 $3,903 $4,000 $4,000 $3,771 $3,634 $3,302 $3,344 $3,224 $2,953 $3,000 $3,000 $2,000 $2,000 $1,000 $1,000 $0 $0 2010 2010 2011 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017–- 2017 Qtr.22 Qtr. Co

  12. Slide 12: Backlog by Segment

    D.A. DAVIDSON CONFERENCE September 19, 2017 Backlog by Segment ($ Millions) $5,000 $5,000 $4,100 $3,903 $4,000 $4,000 $3,771 $3,634 $3,302 $3,344 $3,224 $2,953 $3,000 $3,000 $2,000 $2,000 $1,000 $1,000 $0 $0 2010 2010 2011 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 –- 2017 Qtr.22 Qtr. Mechani

  13. Slide 13: Key Financial Data – Income Statement

    D.A. DAVIDSON CONFERENCE September 19, 2017 Key Financial Data – Income Statement ($ Thousands, except per share information) (Unaudited) For the Six Months Ended June 30, Variance 2017 2016 $ % Revenues $ 3,787,669 $ 3,678,386 $ 109,283 3.0% Gross Profit 540,841 497,849 42,992 8.6% 14.3% 13.5% Sell

  14. Slide 14: Key Financial Data – Balance Sheet

    D.A. DAVIDSON CONFERENCE September 19, 2017 Key Financial Data – Balance Sheet ($ Thousands) (Unaudited) 06/30/17 12/31/16 Cash $ 385,396 $ 464,617 Working Capital $ 630,979 $ 657,341 Goodwill $ 1,010,399 $ 979,628 Identifiable Intangible Assets, Net $ 509,341 $ 487,398 Total Debt $ 417,184 $ 423,32

  15. Slide 15: 2017 Outlook

    D.A. DAVIDSON CONFERENCE September 19, 2017 2017 Outlook  Non-residential construction market continues to grow  Backlog growth positive for Domestic Construction  Building Services will benefit from continued growth in retrofit and energy savings projects  Industrial Services: ‒ Prior to Harvey

  16. Slide 16: 2017 Guidance

    D.A. DAVIDSON CONFERENCE September 19, 2017 2017 Guidance Revenues ~$7.6 Billion Diluted EPS from Continuing Operations $3.40 ̶ $3.60 16

  17. Slide 17: Build. Power. Service. Protect.

    Build. Power. Service. Protect.

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