Ies Holdings, Inc. · NASDAQ:IESC
Ies — FY2019 Earnings Presentation
15 slides from Ies's earnings presentation, Dec 6, 2019
Slide 1: Fourth Quarter and Fiscal Year 2019 Update
IES Holdings, Inc. Fourth Quarter and Fiscal Year 2019 Update December 6, 2019 Exhibit 99.2
Slide 2: Disclosures: Forward-Looking Statements
Disclosures Forward-Looking Statements Certain statements in this document may be deemed "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions
Slide 3: Fiscal Year 2019 Highlights
Fiscal Year 2019 Highlights Revenue of $1.1 billion, an increase of 23% year-over-year (“y-o-y”) Operating Income of $41.9 million, an increase of 61% y-o-y Net Income Per Share of $1.55 and Adjusted Net Income Per Share* of $1.79 Remaining Performance Obligations, a GAAP measure of future revenue t
Slide 4: FY19 Revenue and Operating Income
FY19 Revenue and Operating Income REVENUE OPERATING INCOME Financial measures presented herein are in millions, except for earnings per share or as otherwise noted +23% +61%
Slide 5: FY19 Net Income Per Share and Adjusted Net Income Per Share
FY19 Net Income Per Share and Adjusted Net Income Per Share* NET INCOME PER SHARE ADJUSTED NET INCOME PER SHARE* +54% * Non-GAAP financial measure; see reconciliation table +$2.22 ($0.67)
Slide 6: Fiscal Year 2019 Segment Results
Fiscal Year 2019 Segment Results Communications Residential Infrastructure Solutions Commercial & Industrial Revenue: $321.2 million (increase of 46% over FY18) Operating Income: $24.8 million (+74%) Revenue: $313.3 million (+10%) Operating Income: $17.9 million (+6%) Revenue: $136.8 million (+41%)
Slide 7: Strong Backlog
Strong Backlog* Backlog ($ in millions) Remaining Performance Obligations: $326 $407 $424 $487 $452 * Non-GAAP financial measure; see reconciliation table +11%
Slide 8: Appendix
Appendix
Slide 9: Income Statement
Income Statement (in millions, except earnings per share) Fiscal Year 30, 2016 = _-2017_—=Cs—=_—2018 =~ _—2019 Revenue $696.0 $810.7 $876.8 $1,077.0 Operating income 25.0 203 26.0 419 Interest expense & other 12 15 16 17 $23.8 $18.8 $24.3 $40.1 Provision for (benefit from) income taxes (97.1) 5.2 38
Slide 10: Select Balance Sheet Data
Select Balance Sheet Data {in millions) Cash Current Assets Deferred Tax Assets Non-Current Assets Total Assets Current Lial Other Liabilities Debt ilities Total Liabilities Noncontrolling interest Equity Total Liabilities & Equity Fiscal Year 2016 =__2017_—Ss—_2018 2019 $33.2 $28.3 $26.2 $18.9 1765
Slide 11: Segment Results
Segment Results (in millions) Revenue Commercial & Industrial Communications Infrastructure Solutions Residential Total Revenue Operating Income Commercial & Industrial Communications Infrastructure Solutions Residential Corporate Total Operating Income Fiscal Year 30, 2016 2017 2018 2019 $222.5 $22
Slide 12: Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Non-GAAP Reconciliation Of Adjusted Net Income Attributable To IES Holdings, Inc.
Slide 13: Non-GAAP Reconciliation Of Adjusted EBITDA
Non-GAAP Reconciliation Of Adjusted EBITDA
Slide 14: Non-GAAP Reconciliation Of Remaining Performance Obligations To Backlog
Non-GAAP Reconciliation Of Remaining Performance Obligations To Backlog
Slide 15: NOL Summary
NOL Summary Estimated net operating loss carry forwards (“NOLs”) of approximately $306 million as of September 30, 2019, including approximately $144 million resulting from net operating losses on which a deferred tax asset is not recorded Rights Agreement implemented to deter new 5% shareholders in