Slide 1: ABM First Quarter 2013 Teleconference
ABM First Quarter 2013 Teleconference
Slide 2: Agenda
Agenda 2 1 Introduction & Overview | Henrik Slipsager, CEO 2 First Quarter 2013 Financial Review | Jim Lusk, CFO 3 First Quarter 2013 Operational Review | Henrik Slipsager, CEO & Jim McClure, EVP 4 Fiscal 2013 Outlook | Jim Lusk, CFO Forward-Looking Statements and Non-GAAP Financial Information: Our
Slide 3: First Quarter 2013 Review of Financial Results
First Quarter 2013 Review of Financial Results
Slide 4: Fiscal Q1 2013 Overview
Fiscal Q1 2013 Overview 4 Achieved record revenue of $1.18 billion, up 10.1% for the first quarter Janitorial, Facility Services, and Security segments recorded organic growth of 1.9%, 8.2%, and 5.1%, respectively Reported EPS of $0.24; adjusted EPS $0.26 up 18.2% Adjusted EBITDA growth of 7.5%, exc
Slide 5: First Quarter Results Synthesis - Key Financial Metrics
First Quarter Results Synthesis - Key Financial Metrics 5 Net Income Net Income of $13.4 million, or $0.24 per diluted share up 26.4% compared to $10.6 million in fiscal 2012. The increase is primarily from a $2.9 million retroactive reinstatement of employment-based tax credits. Adjusted EBITDA1 Ad
Slide 6: Select Balance Sheet Items
Select Balance Sheet Items Cash Flows from Operating Activities (in millions) Days sales outstanding (DSO) for the first quarter were 52 days DSO up 1 day year-over-year and up 3 days sequentially 6 (CHART) (CHART) Insurance Claims - Balance Sheet & Claims Paid Data (in thousands) Line of Credit (in
Slide 7: Q1 2013 Results Synthesis - Revenues
Q1 2013 Results Synthesis - Revenues Revenues of $605.5 million, up $11.2 million or 1.9% compared to 2012 Q1 Tag business up ~ 8% driven by hurricane Sandy; excluding hurricane Sandy, tag growth flat year-over-year Consolidated revenues up 10.1% at $1.18 billion - A Q1 Record Janitorial Services 7
Slide 8: Q1 2013 Results Synthesis - Total Profits
Q1 2013 Results Synthesis - Total Profits1 Janitorial's profit of $29.1 million, decreased $1.4 million or 4.7%. The prior year quarter included a benefit from sustained improvements in historical and expected credits on client receivables Profit for Facility Services increased approximately 1%. Pro
Slide 9: Q1 2013 Business & Marketing Highlights
Q1 2013 Business & Marketing Highlights Reorganized operational structure to an Onsite, Mobile and On-demand market-based structure. During 2013, this realignment will continue and should improve the Company's long-term growth prospects and provide higher margin opportunities Began work on large ass
Slide 10: Outlook
Outlook
Slide 11: Fiscal 2013 Outlook
Fiscal 2013 Outlook Based on the Company's operational results for the first quarter and its current expectations, the Company is providing guidance for fiscal 2013 of: Income from Continuing Operations of $1.16 to $1.26 per diluted share Adjusted Income from Continuing Operations of $1.35 to $1.45
Slide 12: Forward-Looking Statement
Forward-Looking Statement 12
Slide 13: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Slide 14: Unaudited Reconciliation of non-GAAP Financial Measures
14 Unaudited Reconciliation of non-GAAP Financial Measures
Slide 15: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands, except per share data) ABM Indu Incorporated and Subsidiaries Reconciliation of Adjusted EBITDA to Net Income Adjusted EBITDA S 38593 $ 35,913 toms impacting comparability (2148) «1,949) Loss from discontinued operations, net of
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
16 Unaudited Reconciliation of non-GAAP Financial Measures