Slide 1: 4th Quarter Presentation, August 25, 2010
Exhibit 99-2 4th Quarter Presentation August 25, 2010
Slide 2: Participants
Participants Steven E. Nielsen President & Chief Executive 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 2010 fourth quarter and annual results are preliminary and unaudited. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to the
Slide 4: Q4-2010 Overview
Q4-2010 Overview n Contract revenue of $281.5 million in Q4-10 increased 12.9% sequentially from Q3-10, excluding the incremental week required by our 52/53 week fiscal calendar (see slide 10 for a reconciliation) n Revenue trends continue to improve n Q4-10 results of $0.12 per share n Strong liqui
Slide 5: Revenue Summary
Revenue Summary n Top 5 customers represented 62.1% of revenue in Q4-10 and 63.7% of revenue in Q4-09 n Contract revenue declined in Top 5 customers by 5.5% and increased at all other customers 1.2%, after excluding the incremental week in Q4-10 n Organic revenue trends which improved in total n Exc
Slide 6: Backlog and Employees
Backlog and Employees Current Awards and Extensions Customers Area Description Approximate Term (in years) nAT&T North Carolina, Tennessee Construction and maintenance services 3 nComcast Washington, Oregon, California, Installation services 3 .Georgia, New Jersey, .Pennsylvania, Delaware nAT&T Geor
Slide 7: Summary Results
Summary Results (a) Fully Diluted EPS Q4-09 Q4-10 $0.17 $0.12 (a) Q4-10 includes an incremental week as the result of our 52/53 week fiscal year. 6
Slide 8: Selected Financial Information
Selected Financial Information n Year-over-year organic revenue decline of 3.1%, after excluding the additional week in Q4-10 required by our 52/53 week fiscal calendar (a) n Cost of earned revenues as a percentage of revenue impacted by higher costs for labor and materials and increased prices of g
Slide 9: Cash Flow and Liquidity
Cash Flow and Liquidity n Cash flows impacted by increased operations during the quarter n Combined days sales outstanding on trade receivables and net unbilled revenues were 61 days in Q4-10 and 62 days in Q4-09 (a) n Capital expenditures, net of disposals at $15.0 million n Debt less cash was appr
Slide 10: Summary
Summary n Economic environment slow n Solid customer relationships n Market share growing as customers consolidate vendors n At the forefront of evolving industry opportunities including those generated by rural broadband stimulus funding n Encouraged by deployment of new technologies to consumers a
Slide 11: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure Amounts may not foot due to rounding. (a) Non-GAAP adjustments in Q4-10 result from the Company’s 52/53 week fiscal year. The Q4-10 Non-GAAP adjustments reflect the impact of the additional week in Q4-10 and are calculated by dividing contract revenues by 14 weeks.
Slide 12: Regulation G Disclosure (continued)
Amounts may not foot due to rounding. (a) Non-GAAP adjustments in Q4-10 result from the Company’s 52/53 week fiscal year. The Q4-10 Non-GAAP adjustments reflect the impact of the additional week in Q4-10 and are calculated by dividing contract revenues by 14 weeks. The result, representing one week
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure 12
Slide 14: 4th Quarter Presentation, August 25, 2010
4th Quarter Presentation August 25, 2010
Slide 15: Slide 15