Slide 1: Fiscal 2015 1st Quarter Presentation
Click to edit Master title style Click to edit Master subtitle style Fiscal 2015 1st Quarter Presentation November 25, 2014 Exhibit 99.2
Slide 2: Participants
2 Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel Participants
Slide 3: Forward-looking statements
3 Fiscal 2015 first quarter results are unaudited. This presentation contains “forward-looking statements”. These statements relate to future events, our future financial performance, strategies, expectations, and competitive environment. Other than statements of historical facts, all statements con
Slide 4: Q1-2015 Overview
4 Q1-2015 Overview Notes: See “Regulation G Disclosure” slides 14-16 for a reconciliation of GAAP to Non-GAAP financial measures. xrhombus Contract revenue of $510.4 million in Q1-15 compared to $512.7 million in Q1-14 head2right Solid growth from several key customers head2right Declines from rural
Slide 5: Industry network bandwidth and 1 gigabit opportunities
5 Industry consensus that network bandwidth needs to increase dramatically head2right Major industry participants have initiated significant wireline network deployments head2right Most participants believe newly deployed networks should provision 1 gigabit speeds head2right Industry developments ar
Slide 6: Revenue Summary
6 3.5% 6.2% 7.5% 10.0% 0.9% (3.8)% (0.7)% (2.4)% 4.0% 10.7% 12.6% 15.8% 4.6% (2.5)% 1.7% 1.6% -10% -5% 0% 5% 10% 15% 20% 25% Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Organic Growth % Organic Growth % - Excluding stimulus revenue Revenue Summary xrhombus Top 5 customers represented 59.4% of re
Slide 7: Customers, Backlog and Awards
7 Customers Description Area Approximate Term (in years) square6AT&T Construction, Maintenance, and Engineering Services North Carolina, Kansas, Texas, Alabama, California 1-3 square6Verizon Engineering Services Massachusetts, New York, New Jersey, Pennsylvania, Maryland, Virginia, Florida, Californ
Slide 8: Summary Results
8 $510.4 $512.7 $150 $250 $350 $450 $550 Q1-15 Q1-14 Summary Results Contract Revenues ($ in millions) Adjusted EBITDA – Non-GAAP ($ in millions) Net Income and EPS ($ in millions, except EPS) Earnings per share of $0.59 in Q1-15 a historic high Q1-14 Net income $ 20.8 $ 18.7 Fully Diluted EPS $ 0.5
Slide 9: Selected Financial Information
9 Selected Financial Information Notes: Amounts above may not add due to rounding. Additionally, see “Regulation G Disclosure” slides 14-16 for a reconciliation of GAAP to Non-GAAP financial measures. (a) Gross Margin % calculated as the excess of contract revenues over cost of earned revenues as a
Slide 10: Cash Flow and Liquidity
10 Cash Flow and Liquidity xrhombus Balance Sheet Strength xrhombus Ample liquidity of $162.1 million from cash on hand and availability on the Credit Agreement xrhombus Revolver borrowings funded sequential growth and acquisition xrhombus Operating cash flows reflect improved earnings and changes i
Slide 11: Q2-2015 Outlook
11 Q2-2015 Outlook Included for comparison Contract Revenues $390.5 $410.0 - $430.0 xrhombus Expectation of normal winter weather patterns xrhombus Network investments by several large customers xrhombus Lower revenue from rural customers on stimulus projects xrhombus Customer spending modulations a
Slide 12: Looking Ahead to Fiscal Q3-2015
12 Looking Ahead to Fiscal Q3-2015 Looking Ahead Commentary ($ in millions) (Q3-2015 amounts are estimates – actual amounts may differ) Q3-14 ($ in millions) Included for comparison Contract Revenues xrhombus Expectation of normal winter weather patterns during early Q3-15 xrhombus Network investmen
Slide 13: Looking Ahead
13 Looking Ahead Firm and strengthening end market opportunities head2right Telephone companies deploying FTTX to enable video offerings and 1 gigabit connections head2right Cable operators continuing to deploy fiber to small and medium businesses with cable capital expenditures and new build opport
Slide 14: Appendix: Regulation G Disclosure
14 Appendix: Regulation G Disclosure Notes: Amounts above may not add due to rounding. The above table presents a reconciliation of the Non-GAAP financial measure of Adjusted EBITDA for the periods specified to the most directly comparable GAAP measure. Adjusted EBITDA is a Non-GAAP financial measur
Slide 15: Regulation G Disclosure: Organic Revenue
15 Notes: Amounts above may not add due to rounding. (a) Organic Revenue – Non-GAAP are revenues from businesses that are included for the full period in both the current and prior year quarter, excluding storm restoration services, if any. Organic Revenue growth is calculated as the percentage incr
Slide 16: Contract Revenue and Organic Growth Reconciliation
16 Notes: Amounts above may not add due to rounding. (a) Organic Revenue – Non-GAAP are revenues from businesses that are included for the full period in both the current and prior year quarter presented, excluding storm restoration services, if any. Organic Revenue growth is calculated as the perce
Slide 17: Fiscal 2015 1st Quarter Presentation
Click to edit Master title style Click to edit Master subtitle style Fiscal 2015 1st Quarter Presentation November 25, 2014