Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q4 2013 Earnings Presentation
16 slides from Abm Industries's earnings presentation, Dec 10, 2013
Slide 1: ABM Fourth Quarter 2013 Teleconference
ABM Fourth Quarter 2013 Teleconference
Slide 2: Agenda
Agenda 2 1 Introduction & Overview | Henrik Slipsager, CEO 2 Fourth Quarter & Fiscal Year 2013 Financial Review | Jim Lusk, CFO 3 Fourth Quarter 2013 Operational Review | Jim McClure, EVP, Tracy Price, EVP & Henrik Slipsager, CEO 4 Fiscal 2014 Outlook | Henrik Slipsager, CEO Forward-Looking Statemen
Slide 3: Fourth Quarter 2013 Review of Financial Results
Fourth Quarter 2013 Review of Financial Results
Slide 4: Fiscal Q4 & Fiscal Year 2013 Overview
Fiscal Q4 & Fiscal Year 2013 Overview 4 Achieved revenue of $1.24 billion, up ~14% Y-o-Y for the fourth quarter Organic growth in Janitorial and Security businesses of 4.1% and 3.9%, respectively Consolidated organic growth of approximately 3.3% for the quarter BES achieved organic growth of 26.7%,
Slide 5: Fourth Quarter Results Synthesis - Key Financial Metrics
Fourth Quarter Results Synthesis - Key Financial Metrics 5 Net Income Net Income of $24.2 million, or $0.43 per diluted share, down 12.6% compared to $27.7 million in fiscal 2012. The decrease of $3.5 million is primarily due to lower contributions from discrete tax benefits. Adjusted Income from Co
Slide 6: Select Balance Sheet Items
Select Balance Sheet Items Cash Flows from Operating Activities (in millions) Days sales outstanding (DSO) for the fourth quarter were 52 days DSO was up 3 days year-over- year and up 1 day sequentially 6 Insurance Claims - Balance Sheet & Claims Paid Data (in thousands) Line of Credit (in millions)
Slide 7: Q4 2013 Results Synthesis - Revenues
Q4 2013 Results Synthesis - Revenues Revenues of $628.7 million, up $24.6 million or 4.1% compared to 2012 Q4 Significant improvement in South Central & Midwest regions Consolidated revenues up 13.5% at $1.24 billion - A Q4 Record Janitorial Services 7 Facility Services Parking Services Security Ser
Slide 8: Q4 2013 Results Synthesis - Total Profits
Q4 2013 Results Synthesis - Total Profits1 Janitorial's profit of $34.0 million, decreased $3.1 million or 8.3%. Higher expenses associated with new jobs was the primary reason for the year-over-year decline Profit for Facility Services increased 19.3% to $8.1 million, primarily from cost control me
Slide 9: Q4 2013 Business & Marketing Highlights
Q4 2013 Business & Marketing Highlights Continue to be on schedule with reorganized operational structure: Onsite, Mobile and On- demand. This realignment will continue during 2014 and should improve the Company's long- term growth prospects as well as provide higher margin opportunities in the futu
Slide 10: Outlook
Outlook
Slide 11: Fiscal 2014 Outlook
Fiscal 2014 Outlook Leveraging our fiscal 2013 performance and current initiatives, the Company is providing the following guidance for fiscal 2014: $1.38 to $1.48 for Income from Continuing Operations per diluted share $1.58 to $1.68 for Adjusted Income from Continuing Operations per diluted share
Slide 12: Forward-Looking Statement
Forward-Looking Statement 12
Slide 13: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Slide 14: ABM Industries Incorporated and Subsidiaries
14 ABM Industries Incorporated and Subsidiaries
Slide 15: ABM Industries Incorporated and Subsidiaries
15 ABM Industries Incorporated and Subsidiaries
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures 16