Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q3 2020 Earnings Presentation
15 slides from Ies's earnings presentation, Aug 7, 2020
Slide 1: IES Holdings, Inc. Third Quarter 2020 Update
IES Holdings, Inc. Third Quarter 2020 Update August 7, 2020 Exhibit 99.2
Slide 2: Disclosures: Forward-Looking Statements
Disclosures Forward-Looking Statements Certain statements in this release 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 t
Slide 3: Third Quarter 2020 Highlights
Third Quarter 2020 Highlights Revenue of $293 million, an increase of 4% year-over-year (“y-o-y”) Operating Income of $14 million, an increase of 37% y-o-y Net Income Per Share of $0.58 and Adjusted Net Income Per Share* of $0.61 Remaining Performance Obligations, a GAAP measure of future revenue to
Slide 4: 3Q20 Revenue and Operating Income
3Q20 Revenue and Operating Income Financial measures presented herein are in millions, except for earnings per share or as otherwise noted REVENUE OPERATING INCOME +4% +37%
Slide 5: 3Q20 Net Income Per Share and Adjusted Net Income Per Share
3Q20 Net Income Per Share and Adjusted Net Income Per Share* * Non-GAAP financial measure; see reconciliation table NET INCOME PER SHARE ADJUSTED NET INCOME PER SHARE* +12% +39%
Slide 6: 3Q20 Segment Results
3Q20 Segment Results Third Quarter Nine Months Year-to-Date Revenue: $96.5 million (7% increase from 3Q19) Operating Income: $9.4 million (+34%) Revenue: $276.8 million (20% increase from YTD19) Operating Income: $23.6 million (+45%) Communications Revenue: $107.9 million (+34%) Operating Income: $8
Slide 7: Strong Backlog
Strong Backlog* Backlog ($ in millions) Remaining Performance Obligations: $523 $487 $452 $430 * Non-GAAP financial measure; see reconciliation table $469
Slide 8: Appendix
Appendix
Slide 9: Income Statement
Income Statement {in millions, except earnings per share) Three Months Ended Ju Nine Months Ended Ju 2019 2020 2019 2020 Revenue $282.6 $293.1 $783.4 $860.4 Operating income 10.2 14.1 $27.9 $35.7 Interest expense & other 04 - $14 $1.0 Income from operations before income taxes $98 $14.4 $265 $34.7 P
Slide 10: 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 Liabilities Noncontrolling interest squity Total Liabilities & Equity 6/30/19 9/30/19 6/30/20 $13.1 $18.9 $35.8 2719 2775 290.5 43.4 40.9 3
Slide 11: Segment Results
Segment Results {in millions) Revenue Commercial & Industrial Communications Infrastructure Solutions Residential Total Revenue Operating Income Commercial & Industrial Communications Infrastructure Solutions Residential Corporate Total Operating Income Three Months Ended Nine Months Ended ne 2019 _
Slide 12: Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Slide 13: Non-GAAP Reconciliation Of Adjusted EBITDA
Non-GAAP Reconciliation Of Adjusted EBITDA
Slide 14: Non-GAAP Reconciliation Of Remaining Performance Obligations To Backlog
Non-GAAP Reconciliation Of Remaining Performance Obligations To Backlog
Slide 15: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $306 million as of September 30, 2019, including approximately $144 million resulting from net operating losses on which a deferred tax asset is not recorded Rights Agreement implemented to deter new 5% shareholders in