Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q4 2009 Earnings Presentation
17 slides from Abm Industries's earnings presentation, Dec 17, 2009
Slide 1: Fourth Quarter Earnings Conference Call
ABM Industries Incorporated Fourth Quarter Earnings Conference Call December 17, 2009
Slide 2: Agenda
2 Agenda Introduction of call participants Henrik C. Slipsager, President & CEO James S. Lusk, EVP and CFO Sarah H. McConnell, SVP & General Counsel Q4 2009 Highlights Financial Review Operating Results 2010 Guidance
Slide 3: Forward-Looking Statements
3 Forward-Looking Statements Our presentation today contains predictions, estimates and other forward-looking statements. In addition, the financial results reported in this release continue to be subject to adjustment until filing of the Company's Annual Report on Form 10-K for the year ended Octob
Slide 4: Statements Relating to Non-GAAP Financial Measures
4 Statements Relating to Non-GAAP Financial Measures During the course of this presentation, certain financial measures that were not prepared in accordance with U.S. Generally Accepted Accounting Principles will be presented. Reconciliations of those non-U.S. GAAP financial measures to the most dir
Slide 5: Fiscal Fourth Quarter 2009 Highlights
5 Fiscal Fourth Quarter 2009 Highlights (a) A reconciliation of certain non-GAAP financial information to GAAP financial measures is available on the Company's website under "Investor Relations" and at the end of this presentation
Slide 6: Fourth Quarter & Fiscal 2009 Highlights
6 Fourth Quarter & Fiscal 2009 Highlights Adjusted Income from Continuing Operations up 10% for the quarter and 22% for the year Operating segments deliver 4th straight quarter of solid growth with operating profit up nearly 4% Operating profit, excluding corporate segment, up 14% for the year Adjus
Slide 7: Q4 Financial Results (unaudited)
7 Q4 Financial Results (unaudited) (a) A reconciliation of certain non-GAAP financial information to GAAP financial measures is available on the Company's website under "Investor Relations" and at the end of this presentation
Slide 8: Fiscal 2009 Financial Results (unaudited)
8 Fiscal 2009 Financial Results (unaudited) (a) A reconciliation of certain non-GAAP financial information to GAAP financial measures is available on the Company's website under "Investor Relations" and at the end of this presentation
Slide 9: Cash Flow Highlights (Unaudited)
9 Cash Flow Highlights (Unaudited) Aggressive collections and reduction in insurance claims paid Completed investment in upgrade of IT systems 1 See appendix for corresponding reconciliations to certain GAAP financial measures
Slide 10: Condensed Balance Sheet (unaudited)
10 Condensed Balance Sheet (unaudited) (a) Amounts shown as of October 31, 2008 reflect an immaterial correction of certain net book credit cash balances which increased cash and cash equivalents and trade accounts payable by $26.0 million and $34.9 million, respectively and reduced other accrued li
Slide 11: Division Revenues
11 Division Revenues(1) Summary: Sequential revenue growth essentially flat Engineering revenue increases both year over year and sequentially Continued stabilization of Janitorial tag revenues but at pre recession levels Sales pipeline and sales activity remains solid (1) Excludes Corporate ($ in t
Slide 12: Division Profits
12 Division Profits(1) Summary: Continued focus on job profitability and expense management leads to another quarter of growth in division profits Parking business achieves double digit growth in the quarter For the year, divisions record growth of 14% Continue to aggressively monitor credit strengt
Slide 13: Closing Observations
Closing Observations Company well positioned for fiscal 2010 Anticipate another year of growth in key financial measures Continue to anticipate sequential revenue growth in Q1 2010 Well-positioned to capitalize on additional M&A opportunities Poised to leverage investments in infrastructure 13
Slide 14: FY10 Outlook and Guidance
14 ABM will continue to follow proven strategies of: Actively managing customer accounts Focusing on cost control Managing credit risk and generating cash flow Fiscal 2010 notable expectations Approximately $4 million higher costs for depreciation and maintenance related to systems upgrades Effectiv
Slide 15: Appendix - Unaudited Reconciliation of Non-GAAP Financial Measures
15 Appendix - Unaudited Reconciliation of Non-GAAP Financial Measures (in thousands, except per share data)
Slide 16: Appendix - Unaudited Reconciliation of Non-GAAP Financial Measures
16 Appendix - Unaudited Reconciliation of Non-GAAP Financial Measures (in thousands, except per share data)
Slide 17: Appendix - Reconciliation (unaudited)
17 Appendix - Reconciliation (unaudited)