Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q4 2011 Earnings Presentation
16 slides from Abm Industries's earnings presentation, Dec 14, 2011
Slide 1: Fourth Quarter 2011 Investor Conference Call
Fourth Quarter 2011 Investor Conference Call December 14, 2011
Slide 2: Agenda
Agenda 1 Introduction & Overview | Henrik Slipsager, Chief Executive Officer 2 Fourth Quarter 2011 Financial Review | Jim Lusk, Chief Financial Officer 3 Fourth Quarter and Fiscal 2011 Review | Henrik Slipsager, Chief Executive Officer 4 Fiscal 2012 Outlook | Jim Lusk, Chief Financial Officer Forwar
Slide 3: Fourth Quarter 2011 Financial Highlights
Fourth Quarter 2011 Financial Highlights Revenue up 20%, primarily driven by companies acquired in 2010Janitorial tag revenue up 12% year-over-year 7.1% increase in Adjusted EBITDA, despite $3.7 million labor expense from additional workdayAcquisitions slightly accretive, excluding transaction costs
Slide 4: Results Synthesis - Key Financial Metrics
Results Synthesis - Key Financial Metrics Net Income Net Income of $18.0 million, down 17.4% or $3.8 million. $2.3 million of additional janitorial labor expense due to an extra workday and higher income taxes of $1.1 million contributed to the year-over decrease in fourth quarter net incomeAdjusted
Slide 5: Cash Flow & Select Balance Sheet Information
Cash Flow & Select Balance Sheet Information Insurance comparison Comparison of working capital and net trade receivables (In thousands) (In thousands) (In thousands) Cash Flow from Operating Activities(in millions) Days sales outstanding (DSO) for fourth quarter were 48 days DSO up 1 day year-over-
Slide 6: Q4 2011 Results Synthesis - Revenue
Engineering Services & Energy Solutions Q4 2011 Results Synthesis - Revenue1 Revenue up 1.4% Tag revenue up 12% year-over-year Revenue up 20%. Fourth consecutive quarter of revenue surpassing $1 billion Janitorial Services Parking & Shuttle Services Security Services Revenue up 149.0%.Linc acquisiti
Slide 7: Q4 2011 Results Synthesis - Operating Profits
Q4 2011 Results Synthesis - Operating Profits1 Janitorial operating profit of $35.7 million decreased $3.3 million or 8.4%, due to one additional workday, which generated $3.7 million more of labor expense, and an increase in SUI and fuel costs of $1.0 million. Partially offsetting these higher cost
Slide 8: Fiscal Year 2011 Highlights
Fiscal Year 2011 Highlights Surpassed $4 billion in revenueSuccessfully integrated key 2010 acquisitions: The Linc Group, L&R, and DiverscoGenerated cash flow from operations of approximately $160 millionReduced outstanding debt by over $150 million since the acquisition of LincAchieved adjusted EBI
Slide 9: Fiscal 2012 Outlook Summary
Fiscal 2012 Outlook Summary Anticipate Income from Continuing Operations of $1.26 to $1.36 per diluted share Guidance for Adjusted Income from Continuing Operations of $1.40 to $1.50 for fiscal 2012, which reflects higher expenses associated with SUI and key initiatives to drive long-term growthPre-
Slide 10: Forward-Looking Statements
Forward-Looking Statements This press release contains forward-looking statements that set forth management's anticipated results based on management's current plans and assumptions. Any number of factors could cause the Company's actual results to differ materially from those anticipated. These fac
Slide 11: Appendix: Unaudited Reconciliation of non-GAAP Financial Measures
Appendix Unaudited Reconciliation of non-GAAP Financial Measures
Slide 12: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Slide 13: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands, except per share data)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands, except per share data)
Slide 14: Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands)
Slide 15: Unaudited Calculation of Adjusted EBITDA Leverage Ratio
Unaudited Calculation of Adjusted EBITDA Leverage Ratio
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures