Slide 1: First Quarter 2016 Teleconference
Cover Slide Title (20pt. Bold) First Quarter 2016 Teleconference March 9, 2016
Slide 2: Agenda
Agenda 2 3 4 Capital Structure Fiscal 2016 Outlook Forward - Looking Statements and Non - GAAP Financial Information: Our discussions during this conference call will include forward - looking statements. Actual results could differ materially fro m those projected in the forward - looking statement
Slide 3: First Quarter 2016 Review
First Quarter 2016 Review QIFY16 Revenue QIFY16 Adj. EBITDA Up y-o-y VO) y-o-y $1,268.4 $43.7 $1)194.5 a $387 | | 2015 2016 2015 2016 + Increase of 6.2% y-o-y + Increase of 12.9% y-o-y + 37% organic growth + Marginincrease of 20bps @ ABM. Building Voive
Slide 4: Normalized Q1 FY15 Adj. EBITDA Margin
Normalized Q1 FY15 Adj. EBITDA Margin Illustrative for comparative purposes 4 * Reflects the sale of Security
Slide 5: Segment Results
Segment Results 5 Janitorial Services • Revenues of $685.7m, increase of 3.0% y - o - y • Operating profit of $33.7m, de crease of 2.0 % y - o - y Facility Services • Revenues of $158.5m, increase of 1.5% y - o - y • Operating profit of $5.1m, de crease of 13.6% y - o - y Parking • Revenues of $162.
Slide 6: First Quarter 2016 Review
First Quarter 2016 Review QI FY16 Adj. Income from Continuing Operations Up y-o-y QIFY16 Continuing QIFY16 Adj. EBITDA Operating Cash Used $21.6 $43.7 (26) ($26.7) $18.2 $38.7 -_ ~ 2015 2016 2015 2016 2015 2016 + Increase of 187% y-o-y + Increase of 29% y-o-y + Decrease of 693% y-o-y * Margin increa
Slide 7: Capital Structure
Capital Structure
Slide 8: Select Cash Flow & Balance Sheet Items: Leverage
Select Cash Flow & Balance Sheet Items Leverage 8 Q1 FY16 Leverage of ~1.9x 2 Note: Acquisitions shown represent purchase above $15m 1 Decrease in FY15 Q4 leverage due to disposition of Security 2 Leverage calculated as total indebtedness / pro - forma adjusted EBITDA Leverage Target 2.5x
Slide 9: Select Cash Flow & Balance Sheet Items: Shareholder Return
Select Cash Flow & Balance Sheet Items Shareholder Return 9 *Accelerated Q2 FY13 dividend payment in Q1 FY13
Slide 10: Fiscal 2016 Outlook
Fiscal 2016 Outlook
Slide 11: Fiscal 2016 Outlook
Fiscal 2016 Outlook 11 Metric Amount Adjusted Income from continuing operations per diluted share $1.50 - $1.60 Income from continuing operations per diluted share $1.02 - $1.12 Depreciation & Amortization $56m - $60m Interest Expense $10m - $12m Capital Expenditures $40m - $50m Adjusted EBITDA Marg
Slide 12: Forward-Looking Statement
Forward - Looking Statement This presentation contains both historical and forward - looking statements. Forward - looking statements are not based on historica l facts but instead reflect our current expectations, estimates or projections concerning future results or events. These statements genera
Slide 13: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non - GAAP Financial Measures
Slide 14: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 14 (a) Represents severance and other costs related to the departure of our former CEO. (b) Represents costs related to the Company’s branding initiative. (c) Includes legal and other cost incurred in connection with an internal investigation
Slide 15: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 15 (e) Adjusted EBITDA does not include interest income of $0.3 million for certain long term energy contracts, in which case a gros s u p of both interest income and interest expense is being recorded. Thus, interest expense for the three mo
Slide 16: 2016 Guidance
2016 Guidance ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES 2016 GUIDANCE Year Ended October 31, 2016 Low Estimate High Estimate Reconciliation of Adjusted Income from Continuing Operations per Diluted Share to Income from Continuing Operations per Diluted Share i diluted share $ 130 $ 1.40 Impact of