Slide 1: 2nd Quarter Presentation, March 2, 2011
Exhibit 99.2 2nd Quarter Presentation March 2, 2011
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 2011 second 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. Words s
Slide 4: Q2-2011 Overview
Q2-2011 Overview n Contract revenue of $218.2 million, increased year-over year but declined organically 1.6% after adjusting for revenues from acquired companies n Non-GAAP loss of $0.03 per share compared to a loss of $0.10 per share in the prior year n Capital expenditures, net of proceeds totale
Slide 5: Q2-2011 Transactions
Q2-2011 Transactions n M & A Activity NeoCom Solutions, Inc. Ø Acquired in December 2010 for $27.5 million in cash Ø Provider of construction and maintenance services to the wireless industry Ø Dycom’s first meaningful participation directly in the wireless communications industry Communication Serv
Slide 6: Revenue Summary
Revenue Summary n Top 5 customers from Q2-11 represented 61.1% of revenue in Q2-11 and 62.9% of n Contract revenue revenue in Q2-10 from non-Top 5 customers increased by 5.7%, with growth from rural telecommunication customers n Communication Services and NeoCom contributed aggregate revenues of $5.
Slide 7: Backlog and Awards
Backlog and Awards Current Awards and Extensions Customers Area Description Approximate Term (in years) nVerizon Maryland Construction and maintenance services 6 nComcast Colorado Construction and maintenance services 1 nAT&T Alabama, North Carolina, Tennessee Construction and maintenance services 3
Slide 8: Summary Results
Summary Results 0.9% Total change (1.6)% Organic change Fully Diluted EPS - Non-GAAP Q2-10 Q2-11 $(0.10) $(0.03) Note: See “Regulation G Disclosure” slides 12-13 for a reconciliation of GAAP to Non-GAAP financial measures. 7
Slide 9: Selected Information
Selected Information Q2-11 Q2-10 Change (b) ($ in millions) Contract Revenues $218.2 $216.3 $1.9 §Cost of earned revenues as a percentage of revenue decreased primarily as a result of improved Cost of Earned Revenues $181.6 $180.9 $0.7 83.2% 83.6% (0.4)% labor efficiency General & Administrative $21
Slide 10: Cash Flow and Liquidity
Cash Flow and Liquidity n Solid operating cash flows n Combined days sales outstanding on trade receivables and net unbilled revenues were n Capital 62 daysexpenditures, in Q2-11 (a) net of disposals at $4.3 million n Issuance of $187.5 million 7.125% senior subordinated notes due 2021 n Repurchase
Slide 11: Summary
Summary n Beginning to the feel the effects of an improving environment n Notable contract awards which meaningfully increased backlog n At the forefront of evolving industry opportunities including those generated by rural broadband initiatives n Encouraged by deployment of new technologies by cabl
Slide 12: Looking Ahead
Looking Ahead n Organic revenue grows modestly reflecting increased opportunities offset in part by a shift away from technician intensive services n Margins and earnings increase faster than revenues n Continued solid and growing cash flows dedicated to accretive acquisition opportunities and share
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure Amounts may not foot due to rounding. (a) Non-GAAP adjustments in Q2-11 reflect revenues from businesses acquired during Q2-11. Non-GAAP adjustments in Q4-10 result from the Company’s 53 week fiscal year. The Q4-10 Non-GAAP adjustments reflect the impact of the addi
Slide 14: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure 13
Slide 15: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure 14
Slide 16: 2nd Quarter Presentation, March 2, 2011
2nd Quarter Presentation March 2, 2011
Slide 17: Slide 17