Slide 1: Fiscal 2012 1st Quarter Presentation
Exhibit 99.2 Fiscal 2012 1st Quarter Presentation November 22, 2011
Slide 2: Participants
Participants Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel 1
Slide 3: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non-GAAP Information Fiscal 2012 first quarter results are unaudited. This presentation contains “forward-looking statements” which are statements relating to future events, future financial performance, strategies, expectations, and competitive environment. All statem
Slide 4: Q1-2012 Overview
Q1-2012 Overview n Contract revenue of $319.6 million as compared to $261.6 million in the prior year quarter n Contract revenue grew organically 16.6%, the highest level of organic growth in over 7 years, and included $3.7 million of storm restoration services n Adjusted EBITDA of $40.4 million in
Slide 5: Top 5 customers represented 59.9% of revenue in Q1-12
n Top 5 customers from Q1-12 represented 59.9% of revenue in Q1-12 compared to 60.0% of revenue in Q1-11 Ø CenturyLink became Dycom’s second largest customer with over 62% organic growth Ø Verizon’s organic growth exceeded 77% year- over-year Ø Windstream, Dycom’s fifth largest customer in Q1-12, gr
Slide 6: Backlog and Awards
Backlog and Awards Current Awards and Extensions Customers Description Area Approximate Term (in years) nCharter Installation Services United States 1 nTime Warner Cable Installation Services New Jersey, New York, 1-3 North Carolina nTDS Telecommunications Construction and Maintenance Services Tenne
Slide 7: Summary Results
Summary Results Organic revenue growth of 15.2% Adjusted EBITDA growth from improved operating leverage EPS of $0.38 per common share diluted Q1-11 Q1-12 Net Income (in millions) $ 6.7 $ 13.0 Fully Diluted EPS $0.18 $0.38 Note: The organic revenue percentage of 15.2% excludes storm restoration servi
Slide 8: Selected Information
Selected Information Q1-12 Q1-11 Change (a) ($ in millions) Organic revenue growth of Contract Revenues $319.6 $261.6 $58.0 15.2%, excluding revenue from storm restoration Cost of Earned Revenues $255.2 $209.3 $45.9 79.9% 80.0% (0.2)% nContract award activity, including services and businesses acqui
Slide 9: Cash Flow and Liquidity
Cash Flow and Liquidity Operating and Investing Cash Flows support growth n Improved operating cash flows n Capital expenditures, net of disposals, of $14.4 million Balance Sheet Strength n Ample liquidity from cash on hand and $179.8 million of availability under Senior Credit Agreement 8
Slide 10: Summary
Summary n End market opportunities driving organic growth } Industry participants aggressively extending or deploying fiber networks } Broadband to provide stimulus wireless funding backhaul meaningfully services increasing network construction } Cable for deploying operators rural service providers
Slide 11: Looking Ahead
Looking Ahead n Normal seasonal operating patterns and low double digit organic revenue growth excluding fiscal 2011 revenue from storm restoration services n Margins and earnings which reflect operating efficiencies at higher revenue levels n Strong cash flows dedicated as projected returns direct
Slide 12: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure The above table presents the Non-GAAP financial measure of Adjusted EBITDA for the three months ended October 29, 2011 and October 0, 2010. Adjusted EBITDA is a Non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Year-over-year growth percentage is calculated as follows: (i) revenues in the quarterly period less (ii) revenues in the comparative prior year quarter iod; divided by (ii) revenues in the comparative prior year quarter period. (b) For comparison purposes, Cent
Slide 14: Non-GAAP adjustments: storm restoration and acquired business revenues
(a) Non-GAAP adjustments in Q1-12 reflect storm restoration revenues ($3.7 million) and revenues from businesses acquired during Q2-11 ($14.5 million). Non-GAAP adjustments in Q4-11 reflect storm restoration revenues ($14.1 million) and revenues from businesses acquired during Q2-11 ($14.1 million).
Slide 15: Fiscal 2012 1st Quarter Presentation
Fiscal 2012 1st Quarter Presentation November 22, 2011
Slide 16: Slide 16