Dycom Industries, Inc. · NYSE:DY
Dycom Industries — Q2 FY2009 Earnings Presentation
11 slides from Dycom Industries's earnings presentation, Feb 26, 2009
Slide 1: 2nd Quarter Fiscal 2009 Results Presentation
2nd Quarter Fiscal 2009 Results Presentation February 25, 2009 (r)
Slide 2: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non- GAAP Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "estimate," "intend," "forecast," "may," "should", "could", "project," "
Slide 3: Q2-2009 Overview
Q2-2009 Overview Year over year revenue decline of 13.8% reflects customer spending declines during the latter part of Q2-09 Customer reductions in near-term capital spending plans prompted by current economic conditions Results of $(0.04) per share, non-GAAP, in line with our revised expectations b
Slide 4: Revenue by Customer
Revenue by Customer Top 5 customers represented 64% of revenue in Q2-09 and Q2-08 Overall revenue decline was 13.8%, with top 5 customers down approximately 13.9% and all other customers down approximately 13.5% Revenues from Windstream, our seventh largest customer were up 83% on a year over year b
Slide 5: Q2-2009 Backlog and Employees
Q2-2009 Backlog and Employees Current Contract Awards and Extensions Customer Area Description Term (in years) AT&T Asheville, NC Master Construction Contract - Extension 3 Windstream Northern and Central Georgia Master Construction Contracts 3 CenturyTel Tennessee and Alabama Master Construction Co
Slide 6: Q2-2009 Summary
Q2-2009 Summary Note: See "Regulation G Disclosure" slide for a reconciliation of non-GAAP financial measures. Year over year revenue decline of 13.8% reflects customer spending declines during the latter part of Q2-09 Customer reductions in near-term capital spending plans prompted by current econo
Slide 7: Selected Financial Information - Non-GAAP
Selected Financial Information - Non-GAAP Year-over-year revenue decline Cost of earned revenues declined as a percentage of revenue due to lower fuel and insurance costs, partially offset by increased labor and related costs G&A lower from reduced stock compensation and professional fees Depreciati
Slide 8: Cash Flow and Liquidity
Cash Flow and Liquidity Cash flow from operations strong at $71.1 million for Q2-09 Combined days sales outstanding on trade receivables and net unbilled revenues improved to 64 days in Q2-09 from 69 days in Q1-09 Capital expenditures, net of disposals consistent sequentially at $8.2 million Total d
Slide 9: Summary
Summary Challenging economic environment Solid customer relationships At the forefront of evolving industry opportunities Growing market share as customers consolidate vendors Encouraged by deployment of new technologies by cable operators Strong cash flows support working capital needs and capital
Slide 10: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure
Slide 11: Regulation G Disclosure
2nd Quarter Fiscal 2009 Results Presentation February 25, 2009 (r)