Slide 1: 4th Quarter Fiscal 2016 Results Conference Call
4th Quarter Fiscal 2016 Results Conference Call August 24, 2016 Exhibit 99.2
Slide 2: Forward Looking Statements and Non-GAAP Information
2 Forward Looking Statements and Non-GAAP Information This presentation contains “forward-looking statements”. Other than statements of historical facts, all statements contained in this presentation, including statements regarding the Company’s future financial position, future revenue, prospects,
Slide 3: Participants and Agenda
3 Participants and Agenda Participants Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel Agenda Introduction and Q4-16 Overview Industry Update Financial & Operational Highligh
Slide 4: Strong demand and revenue growth
4 Strong demand and revenue growth Contract revenues of $789.2 million in Q4-16 compared to $578.5 million in Q4-15. Organic growth of 20.0% excluding contract revenues of acquired businesses not included for the entire period of Q4-16 and Q4-15 and adjusting for the additional week of operation
Slide 5: Industry increasing network bandwidth dramatically
5 Industry increasing network bandwidth dramatically Major industry participants deploying significant wireline networks Newly deployed networks provisioning 1 gigabit speeds; speeds beyond 1 gigabit envisioned Industry developments have produced opportunities which in aggregate are without pr
Slide 6: Revenue Highlights
6 Revenue Highlights Q4-16 organic growth of 20.0%, seventh straight quarter with double digit organic growth Revenues from Q4-16 Top 5 customers increased 44.0% organically. All other customers decreased 18.5% organically. Top 5 customers in each period represented 73.9% of revenues in Q4-16
Slide 7: Customers: Backlog and Awards
7 Customers Description Area Approximate Term (in years) AT&T Wireless Construction Services California, Nevada, Arizona, Texas, Kentucky, Georgia, Florida 3 Construction and Maintenance Services Kentucky, Tennessee 3 Engineering Services Texas 3 Comcast Construction and Maintenance Services Michiga
Slide 8: Financial Highlights
8 As a % of Revenues 15.3% 16.0% Revenues of $789.2 million and organic growth of 20.0% adjusting for $53.2 million for the additional week of operations as a result of our fiscal calendar. Revenues from acquired businesses contributed $44.8 million in Q4-16 and $2.4 million in Q4-15. Non-GAAP A
Slide 9: Strong balance sheet and liquidity
9 Strong balance sheet and liquidity Liquidity Overview (a) During Q4-16, the Company adopted of FASB’s ASU 2015-03 which reclassified approximately $1.2 million in debt issuance costs in both Q3-16 and Q4-16 from other assets to a contra-liability associated with the Company’s Senior Convertible No
Slide 10: Q1-2017 Outlook and Commentary
10 Q1-2016 Included for comparison Q1-2017 Outlook and Commentary Contract Revenues $ 659.3 $780 - $810 Broad range of demand from several large customers Robust 1 gigabit deployments, cable capacity projects and CAF II accelerating, core market share growth Total revenue expected to include a
Slide 11: Looking Ahead to Q2-2017
11 Looking Ahead to Q2-2017 Q2-2016 Included for comparison Q2-2017 Outlook and Commentary Contract Revenues $ 559.5 Total revenue growth % in high teens or slightly better as a % of revenue compared to Q2-16 Expectation of normal winter weather patterns Broad range of demand from several large
Slide 12: Conclusion
12 Conclusion Firm and strengthening end market opportunities Telephone companies deploying FTTX to enable video offerings and 1 gigabit connections Cable operators continuing to deploy fiber to small and medium businesses with overall cable capital expenditures, new build opportunities, and cap
Slide 13: Appendix: Regulation G Disclosure
13 Appendix: Regulation G Disclosure Use of Non-GAAP Financial Measures The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). In our quarterly results releases, trend schedules, conference calls, slide presentations, and webcasts, we may u
Slide 14: Reconciliation: Non-GAAP Adjusted EBITDA
14 Notes: Amounts above may not add due to rounding. Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures Non-GAAP Adjusted EBITDA Unaudited ($ in 000's) Use of Non-GAAP Financial Measures The Company reports its financial results in accordance with U.S. generally acce
Slide 15: Reconciliation: Non-GAAP Organic Contract Revenue by Customer
15 Note: Amounts above may not add due to rounding. Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures Non-GAAP Organic Contract Revenue – certain customers Unaudited ($ in millions) Use of Non-GAAP Financial Measures The Company reports its financial results in acco
Slide 16: Reconciliation: Adjusted Net Income and EPS
16 Note: Amounts above may not add due to rounding. Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures Non-GAAP Adjusted Net Income and Non-GAAP Adjusted Earnings Per Share Unaudited ($ in 000's, except per share amounts) Use of Non-GAAP Financial Measures The Compan
Slide 17: Reconciliation: Adjusted Net Income and EPS
17 Note: Amounts above may not add due to rounding. Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures Non-GAAP Adjusted Net Income and Non-GAAP Adjusted Earnings Per Share Unaudited ($ in 000's, except per share amounts) Use of Non-GAAP Financial Measures The Compan
Slide 18: Reconciliation: Outlook Diluted Earnings per Share
18 Reconciliation of Non-GAAP Financial Measures to Comparable GAAP Financial Measures Outlook – Diluted Earnings per Common Share Unaudited Use of Non-GAAP Financial Measures The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). In our qu
Slide 19: Explanation of Non-GAAP Measures
19 Explanation of Non-GAAP Measures The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). In the Company’s quarterly results releases, trend schedules, conference calls, slide presentations, and webcasts, it may use or discuss Non-GAAP fin
Slide 20: 4th Quarter Fiscal 2016 Results Conference Call
4th Quarter Fiscal 2016 Results Conference Call August 24, 2016