Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q1 2022 Earnings Presentation
16 slides from Abm Industries's earnings presentation, Mar 8, 2022
Slide 1: First Quarter 2022 Earnings Presentation
First Quarter 2022 Earnings Presentation March 8, 2022 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains both historical and forward-looking statements about ABM Industries Incorporated (“ABM”) and its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”). We make forward-looking statements related to future expectati
Slide 3: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information To supplement ABM’s consolidated financial information, the Company has presented net income and net income per diluted share as adjusted for items impacting comparability for the first quarter of fiscal years 2022 and 2021. These adjustments have been made with
Slide 4: Q1 2022 Highlights
Q1 2022 Highlights Better than expected performance in recovering market PROFITABILITY DEMAND ENVIRONMENT KEY INITIATIVES • Net income of $76M • Organic revenue up 9.1% • Able integration and synergies remain on track • Adjusted net income (1) of • Broad-based demand for $64M and adjusted core janit
Slide 5: Q1 2022 Revenue
Q1 2022 Revenue Robust organic revenue growth complemented by Able acquisition INDUSTRY GROUP GROWTH RATES • Total revenue $ in millions increased 29.7% 5% 26% -1% to $1.9B 42% • Organic revenue 49%(1) growth of 9.1% is broad-based, with exception of Education • 21% acquisition contribution from Abl
Slide 6: Q1 2022 Profitability
Q1 2022 Profitability NET INCOME EARNINGS PER SHARE • Increase in net income and $1.11 $1.10 GAAP EPS reflects higher $1.01 $76.0 $0.94 segment earnings and $74.6 favorable prior year insurance 8% -8% adjustments, largely offset by 2% Able integration costs, Elevate investments and higher corporate
Slide 7: Q1 2022 Segment Performance
Q1 2022 Segment Performance BUSINESS & INDUSTRY AVIATION Revenue Operating Profit & Revenue Operating Profit & Margin Margin $1,029.5 $200.3 $8.9 -8% $83.3 $307.7 $690.1 $72.7 $140.9 = Able $721.9 8.1% 4.4% = Organic $3.1 10.5% 2.2% Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 • R
Slide 8: Q1 2022 Segment Performance
Q1 2022 Segment Performance MANUFACTURING & DISTRIBUTION EDUCATION TECHNICAL SOLUTIONS Revenue Operating Profit Revenue Operating Profit Revenue Operating Profit & Margin & Margin & Margin (1) $205.7 $208.0 $141.8 $359.1 $21.7 $16.9 $340.8 $40.6 $39.7 $112.6 $12.6 10.4% 11.9% 11.3% 11.7% $6.0 6.1% 5
Slide 9: Leverage & Shareholder Return
Q1 2022 Leverage & Shareholder Return Able Services(1) LEVERAGE $30 SHAREHOLDER RETURN $1,400 4.00x $1,200 3.50x $25 $13.3 3.00x $1,000 $20 2.50x $800 2.00x $15 $5.1 $600 1.50x $12.7 $12.7 $12.8 $12.8 $13.1 $12.3 $12.3 $12.3 $12.3 $10 $400 1.00x $200 $5 0.50x $0 0.00x $0 Total Indebtedness (Incl LC'
Slide 10: Fiscal 2022 – Updated Guidance
Fiscal 2022 – Updated Guidance Updated Previous Metric Guidance Guidance GAAP net income per diluted share $2.65 - $2.85 $2.05 - $2.30 Adjusted net income per diluted share(1) $3.50 - $3.70 $3.30 - $3.55 Adjusted EBITDA Margin(2) 6.4% to 6.8% 6.2% to 6.6% Tax Rate (excluding WOTC and other discrete
Slide 11: Appendix
Appendix ABM. Building Value
Slide 12: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures (a) The Company adjusts income to exclude the impact of certain items that are unusual, non-recurring, or otherwise do not reflect management's views of the underlying operational results and trends of the Company. (b) Represents the net adjust
Slide 13: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures 13 (a) The Company has revised its calculation for adjusted EBITDA margin for all periods presented to exclude parking management reimbursement revenue, which the Company believes provides a clearer understanding of its operating margins. Such
Slide 14: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures 14
Slide 15: Unaudited Reconciliation of Non-GAAP Financial Measures
Unaudited Reconciliation of Non-GAAP Financial Measures (a) With the exception of the 2022 Work Opportunity Tax Credits and anticipated excess tax benefits on stock-based awards, this guidance does not include any potential effects associated with certain other discrete tax items and other unrecogni
Slide 16: Contact Us
Contact Us INVESTOR RELATIONS Paul Goldberg SVP – Investor Relations ir@abm.com 212-297-7921 16