Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q1 2015 Earnings Presentation
17 slides from Abm Industries's earnings presentation, Mar 3, 2015
Slide 1: First Quarter 2015 Teleconference
Cover Slide Title (20pt. Bold) First Quarter 2015 Teleconference March 4, 2015
Slide 2: Agenda
1 2 3 4 5 Agenda 2 Introduction & Overview | Henrik Slipsager, CEO First Quarter 2015 Review of Financial Results | Jim Lusk, CFO First Quarter 2015 Operational Summary | Henrik Slipsager, CEO Fiscal 2015 Outlook | Jim Lusk, CFO Questions & Answers Forward - Looking Statements and Non - GAAP Financi
Slide 3: First Quarter 2015 Review of Financial Results
First Quarter 2015 Review of Financial Results
Slide 4: Fiscal First Quarter 2015 Overview
Fiscal First Quarter 2015 Overview • Achieved record revenue for the first quarter of $1.29 billion, up 5.1% – Select organic growth rates: ▪ Janitorial 2.1%; excluding large contract exited by ABM 4.4%; ▪ Building & Energy Solutions 8.9%; and ▪ Other (Air Serv) 13.6% • Net income up 35.1%, Adjusted
Slide 5: First Quarter Results Synthesis – Key Financial Metrics
First Quarter Results Synthesis – Key Financial Metrics 5 Note: Reconciliation of adjusted operating p rofit, adjusted net income, adjusted net income per diluted share, and adjusted EBITDA to nearest GAAP measure is in the appendix of this presentation. Net Income • N et income of $ 17 . 7 million
Slide 6: Select Cash Flow & Balance Sheet Items
Select Cash Flow & Balance Sheet Items Cash Flow from Operating Activities (in millions) • Q1 2015 Insurance claim liabilities of $343.9 million down $13.7 million compared to Q1 2014 • Q1 2015 Self - insurance claims paid $22.9 million down $0.2 million compared to Q1 2014 • Q1 2015 c apital expend
Slide 7: Select Cash Flow & Balance Sheet Items – Continued
Select Cash Flow & Balance Sheet Items – Continued 7 Line of Credit OneSource Linc Air Serv/HHA In Millions Dividends Paid (Fiscal Year Basis) Per Share GBM $0.250 $0.300 $0.350 $0.400 $0.450 $0.500 $0.550 $0.600 $0.650 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 $0.395 $0.415 $0.435 $0.4
Slide 8: First Quarter 2015 Operational Review
First Quarter 2015 Operational Review
Slide 9: Q1 2015 Results Synthesis - Revenues
Q1 2015 Results Synthesis - Revenues • Revenues of $666.0 million, up organically $13.1 million or 2.1% (a) compared to 2014 Q1 • Janitorial tag business up 8.5% compared to first quarter of 2014 Consolidated revenues up 5.1% at ~ $1.29 billion – A Q1 Record Janitorial Services 9 Facility Services P
Slide 10: Q1 2015 Results Synthesis - Operating Profits
Q1 2015 Results Synthesis - Operating Profits 1 • Janitorial operating profit of $34.9 million, increased $4.6 million or 15.2%. This significant growth was primarily related to one less working day, new business added, lower expenses as a result of safety initiatives and realignment savings • Opera
Slide 11: Outlook
O utlook
Slide 12: Fiscal 2015 Outlook
Fiscal 2015 Outlook 12 • The Company is providing the following guidance: o Increasing adjusted net income to $ 1.75 to $ 1.85 per diluted share o Increasing net income of $ 1.55 to $ 1.65 per diluted share o This guidance excludes potential benefits associated with the Work Opportunity Tax Credit,
Slide 13: Forward-Looking Statement
Forward - Looking Statement 13 This presentation 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 . Th
Slide 14: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non - GAAP Financial Measures
Slide 15: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 15 ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) (in millions) 2015 2014 Reconciliation of Adjusted Net Income to Net Income Adjusted net income 21.5$ 14.1$ Items impacting comparabili
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 16 ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) (in millions, except per share amounts) 2015 2014 Reconciliation of Adjusted Operating Profit to Operating Profit Adjusted operating pr
Slide 17: Reconciliation of Estimated Adjusted Net Income per Diluted Share
Unaudited Reconciliation of non - GAAP Financial Measures 17 ABM INDUSTRIES INCORPORATED AND SUBSIDIARIES RECONCILIATION OF ESTIMATED ADJUSTED NET INCOME PER DILUTED SHARE TO ESTIMATED NET INCOME PER DILUTED SHARE FOR THE YEAR ENDING OCTOBER 31, 2015 Estimated net income per diluted share (a) Low Es