Slide 1: Third Quarter 2016 Teleconference
Cover Slide Title (20pt. Bold) Third Quarter 2016 Teleconference September 8 , 2016
Slide 2: Agenda
Agenda 2 3 4 Capital Structure Fiscal 2016 Outlook Forward - Looking Statements and Non - GAAP Financial Information: Our discussions during this conference call will include forward - looking statements. Actual results could differ materially fro m those projected in the forward - looking statement
Slide 3: Third Quarter 2016 Review
Third Quarter 2016 Review Q3 FYI6 Adj. Income from Q3 FY16 Revenue Continuing Operations Q3 FYI6 Adj. EBITDA Up yoy Up yoy Up yoy $1,296.9 $61.1 $1,249.9 $4911 $30.6 7 [| 2015 2016 2015 2016 2015 2016 + Increase of 38% y-o-y * Increase of 26.4% y-o-y + Increase of 24.3% y-o-y + 22% organicgrowth + M
Slide 4: Segment Results
Segment Results 4 Janitorial Services • Revenues of $691.8m, increase of 2.0% y - o - y • Operating profit of $43.8m, Operating margin of 6.3% Facility Services • Revenues of $146.2m, decrease of 0.8% y - o - y • Operating profit of $ 7.9 m, Operating margin of 5.4% Parking • Revenues of $167.7m, in
Slide 5: Capital Structure
Capital Structure
Slide 6: Select Cash Flow & Balance Sheet Items: Leverage
Select Cash Flow & Balance Sheet Items Leverage 6 Q3 FY16 Leverage of 1.80x 2 Note: Acquisitions shown represent purchase above $15m Long - Term Leverage Target 2.5x Future State 1 Decrease in FY15 Q4 leverage due to disposition of Security 2 Leverage calculated as total indebtedness / pro - forma a
Slide 7: Select Cash Flow & Balance Sheet Items: Shareholder Return
Select Cash Flow & Balance Sheet Items Shareholder Return 7 *Accelerated Q2 FY13 dividend payment in Q1 FY13
Slide 8: Fiscal 2016 Outlook
Fiscal 2016 Outlook
Slide 9: Fiscal 2016 Outlook
Fiscal 2016 Outlook 9 Metric Amount Adjusted Income from continuing operations per diluted share $1.70 - $1.75 Income from continuing operations per diluted share $1.30 - $1.35 Depreciation & Amortization $56m - $60m Interest Expense $10m - $12m Capital Expenditures $40m - $50m Adjusted EBITDA Margi
Slide 10: Forward-Looking Statement
Forward - Looking Statement This presentation contains both historical and forward - looking statements. In this context, ABM Industries Incorporated (“ABM”) and its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”). We make forward - looking statements related to
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Slide 12: Normalized Q3 FY15 Adj. EBITDA Margin
Normalized Q3 FY15 Adj. EBITDA Margin Illustrative for comparative purposes 12 * Reflects the sale of Security
Slide 13: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 13 (a) The Company’s share of a gain associated with property sales completed by one of its investments in a low income housing part ner ship. (b) Represents severance and other costs related to the departure of our former CEO and CFO. (c) In
Slide 14: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 14 ($ in millions, except per share amounts) (g) Adjusted EBITDA does not include interest income for certain long term energy contracts, in which case a gross up of both int ere st income and interest expense is being recorded.
Slide 15: 2016 Guidance
2016 Guidance ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES 2016 GUIDANCE Year Ended October 31, 2016 Low Estimate _High Estimate Reconciliation of Adjusted Income from Continuing Operations per Diluted Share to Income from Continuing Operations per Diluted Share Previously announced adjusted income