Slide 1: ABM Second Quarter 2013 Teleconference
ABM Second Quarter 2013 Teleconference
Slide 2: Agenda
Agenda 2 1 Introduction & Overview | Henrik Slipsager, CEO 2 Second Quarter 2013 Financial Review | Jim Lusk, CFO 3 Second Quarter 2013 Operational Review | Henrik Slipsager, CEO and Tracy Price, EVP 4 Fiscal 2013 Outlook | Henrik Slipsager, CEO Forward-Looking Statements and Non-GAAP Financial Info
Slide 3: Second Quarter 2013 Review of Financial Results
Second Quarter 2013 Review of Financial Results
Slide 4: Fiscal Q2 2013 Overview
Fiscal Q2 2013 Overview 4 Achieved revenue of $1.17 billion, up 11.0% Y-o-Y for the second quarter Improving organic growth with Janitorial and Facility Services businesses achieving 2.7% and 8.4%, respectively Reported EPS of $0.35; adjusted EPS $0.36 up 20.0% Adjusted EBITDA growth of 28.4% Integr
Slide 5: Second Quarter Results Synthesis - Key Financial Metrics
Second Quarter Results Synthesis - Key Financial Metrics 5 Net Income Net Income of $19.3 million, or $0.35 per diluted share up 65.0% compared to $11.7 million in fiscal 2012. The increase of $7.6 million is primarily from lower operating expenses, acquisitions, and new business, partially offset b
Slide 6: Select Balance Sheet Items
Select Balance Sheet Items Cash Flows from Operating Activities (in millions) Days sales outstanding (DSO) for the second quarter were 50 days DSO flat year-over-year and down 2 days sequentially 6 Insurance Claims - Balance Sheet & Claims Paid Data (in thousands) Line of Credit (in millions) OneSou
Slide 7: Q2 2013 Results Synthesis - Revenues
Q2 2013 Results Synthesis - Revenues Revenues of $609.2 million, up $15.8 million or 2.7% compared to 2012 Q2 Significant improvement in South Central region plus a 4% increase in tag revenue Consolidated revenues up 11.0% at $1.17 billion - A Q2 Record Janitorial Services 7 Facility Services Parkin
Slide 8: Q2 2013 Results Synthesis - Total Profits
Q2 2013 Results Synthesis - Total Profits1 Janitorial's profit of $37.1 million, increased $3.6 million or 10.7%. A $3.8 million benefit from one less work day along with operating profit from new jobs contributed to the increase Profit for Facility Services increased 39.4% to $6.1 as a result of ne
Slide 9: Q2 2013 Business & Marketing Highlights
Q2 2013 Business & Marketing Highlights On schedule with reorganized operational structure: Onsite, Mobile and On-demand. This realignment will continue during 2013 and should improve the Company's long-term growth prospects as well as provide higher margin opportunities in the future ABM Building S
Slide 10: Outlook
Outlook
Slide 11: Fiscal 2013 Outlook
Fiscal 2013 Outlook Based on year-to-date performance and current outlook, the Company is raising guidance for fiscal 2013 to: $1.22 to $1.32 for Income from Continuing Operations per diluted share $1.40 to $1.50 for Adjusted Income from Continuing Operations per diluted share Q3 Adjusted Income fro
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 Industries Incorporated and Subsidiaries Reconciliation of Adjusted EBITDA to Net Income “Three Months Ended April 30, "2013 2012 Six Months Ended Apri 30, "2013 "2012 Agusted EBITDA S 52014 $ 40500 $ 9
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
16 Unaudited Reconciliation of non-GAAP Financial Measures