Slide 1: Fourth Quarter and Full Year 2015 Teleconference
Fourth Quarter and Full Year 2015 December 9, 2015 Teleconference
Slide 2: Agenda and Forward-Looking Statements
1 2 3 4 5 6 7 2 ABM Business Overview Fourth Quarter 2015 Review Fourth Quarter Segment Highlights Full Year 2015 Review Capital Structure Fiscal 2016 Outlook Q & A Forward - Looking Statements and Non - GAAP Financial Information: Our discussions during this conference call will include forward - l
Slide 3: ABM Business Overview
ABM Business Overview 3
Slide 4: Financial Results
Financial Results ABM Building Value
Slide 5: Fourth Quarter 2015 Review
Fourth Quarter 2015 Review Q4 FYI5 Adj. Income from Q4 FYIS5 Continuing Q4FYI5 Revenue Continuing Operations Q4FY15 Adj. EBITDA Operating Cash Flow 5 rer $69.4 $1,2047 $58.9 i 2014 2015 2014 2015 2014 2015 e@ ABM. Building Valve
Slide 6: Fourth Quarter Segment Highlights: Janitorial, Facility Services, Parking
Fourth Quarter Segment Highlights 6 Janitorial Services Facility Services Parking • Revenues of $688.7m, increase of 3.4% y - o - y − Organic revenue growth of 1.2% primarily due to TAG revenue • Operating profit of $43.9m, in crease of 12 % y - o - y − Operating profit margins increased to 6.4% pri
Slide 7: Fourth Quarter Segment Highlights: BESG, Other (Air Serv)
Fourth Quarter Segment Highlights 7 BESG Other (Air Serv ) • Revenues of $167.7m, increase of 23.6% y - o - y − Organic revenue growth of 13.9%, primarily due to strong results in technical services (ABES) • Operating profit of $13.8m, in crease of 36.6% y - o - y − Operating profit margins increase
Slide 8: Fiscal Year 2015 Review
Fiscal Year 2015 Review FYI5 Adj. Income from FY15 Continuing FY15 Revenue Continuing Operations FY15 Adj. EBITDA Operating Cash Flow Up y-o-y Up Up y-o-y Up $4897.8 $92.9 $4,649.7 $80.2 i 2014 2015 2014 2015 e@ ABM. Building Valve
Slide 9: Capital Structure
Capital Structure
Slide 10: Leverage
Leverage Target 2.5x Select Cash Flow & Balance Sheet Items Leverage 10 Q4 FY15 Leverage of 1.31x Note: Chart not inclusive of all acquisitions *Decrease in FY15 Q4 leverage due to disposition of Security *
Slide 11: Select Cash Flow & Balance Sheet Items: Shareholder Return
Select Cash Flow & Balance Sheet Items Shareholder Return 11 *Accelerated Q2 FY13 dividend payment in Q1 FY13
Slide 12: Fiscal 2016 Outlook
Fiscal 2016 Outlook
Slide 13: Fiscal Year 2016 Adjusted EPS Bridge
Fiscal Year 2016 Adjusted EPS Bridge 13 1. This guidance excludes any potential benefits associated with certain discrete tax items that would impact our effective tax rat e and could provide a benefit of up to $0.40 per diluted share in fiscal 2016. These include items such as the 2015 and 2016 Wor
Slide 14: Adjusted EBITDA Margin Recast
Adjusted EBITDA Margin Recast 14 Margin recast to ~3.8% in 2015 , primarily driven by: • Insurance reset • Bonus accrual reversal
Slide 15: Fiscal 2016 Outlook
Fiscal 2016 Outlook 15 Metric Amount Adjusted Income from continuing operations per diluted share $1.30 - $1.40 Income from continuing operations per diluted share $0.82 - $0.92 Depreciation & amortization $56m - $60m Interest expense $10m - $12m Capital expenditures $40m - $45m Adjusted EBITDA marg
Slide 16: Forward-Looking Statement
Forward - Looking Statement This presentation contains both historical and forward - looking statements. Forward - looking statements are not based on historica l facts but instead reflect our current expectations, estimates or projections concerning future results or events. These statements genera
Slide 17: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non - GAAP Financial Measures
Slide 18: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 18
Slide 19: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non - GAAP Financial Measures 19
Slide 20: 2015 Revised Guidance and 2016 Guidance
2015 Revised Guidance and 2016 Guidance 20