Ies Holdings, Inc. · NASDAQ:IESC
Ies — FY2017 Earnings Presentation
12 slides from Ies's earnings presentation, Dec 8, 2017
Slide 1: Fourth Quarter and Fiscal Year 2017 Update
IES Holdings, Inc. Fourth Quarter and Fiscal Year 2017 Update Exhibit 99.2
Slide 2: Revenue, Operating Income, Adjusted Net Income, Backlog
IES Holdings, Inc. (NASDAQ: IESC) REVENUE OPERATING INCOME ADJUSTED NET INCOME 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 a
Slide 3: Fourth Quarter and Fiscal Year 2017 Highlights
Fourth Quarter and Fiscal Year 2017 Highlights Revenue FY17: $810.7 million, an increase of 16.5% compared with FY16 4th quarter of FY17: $206.6 million, increase of 0.5% compared with the 4th quarter of FY16 Income from Operations FY17: $20.3 million, a decrease of $4.6 million compared with FY16 4
Slide 4: Fiscal Year 2017 Segment Results
Fiscal Year 2017 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $227.6 million, increase of 2.3% over FY16 Operating Loss: $1.2 million Operating Margin: (0.5%) Revenue: $225.3 million, increase of 18.8% over FY16 Operating Profit: $13.6 million
Slide 5: Quarterly Financials
Quarterly Financials Revenue Operating Income
Slide 6: Quarterly Backlog
Backlog as of 9/30/17 is down $10 million compared to prior year Quarterly Backlog Revenue in backlog at the Commercial & Industrial Wind-Down Branches at September 30, 2017 and 2016 was $10.6 million and $32.0 million, respectively
Slide 7: Income Statement
Income Statement (in millions, except earnings per share) Fiscal Year Ending September 30, 2014 2015 2016 2017 Revenue $512.4 $573.9 $696.0 $810.7 Income from operations 76 185 25.0 203 Interest expense & other 14 1.0 12 15 | fr i $6.3 $175 $23.8 $18.8 Provision (benefit) for income taxes 07 07 (97.
Slide 8: Income Statement: Commercial & Industrial Wind-Down Branches
Income Statement: Commercial & Industrial Wind-Down Branches The following table presents the operating losses of the Commercial & Industrial Wind-Down Branches for the current and prior year quarter and year-to-date periods
Slide 9: 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 Equity Total Liabilities & Equity Fiscal Year Ending September 30, 2014 $47.3 1206 33.2 $201.1 $95.9 7.
Slide 10: Segment Results
Segment Results (in millions) Fiscal Year Ending September 30, 2014 201 16 2017 Revenue Commercial & Industrial $166.2 $178.9 $222.5 $227.6 mmunications 116.1 141.9 189.6 225.3 Infrastructure Solutions A476 468 58.0 83.8 Residential 182.5 206.3 225.9 2740 Total Revenue $512.4 $573.9 $696.0 $810.7 Op
Slide 11: 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 12: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $378 million as of September 30, 2017, 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