Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q2 2019 Earnings Presentation
15 slides from Ies's earnings presentation, May 6, 2019
Slide 1: IES Holdings, Inc. Second Quarter 2019 Update
IES Holdings, Inc. Second Quarter 2019 Update May 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: Second Quarter 2019 Highlights
Second Quarter 2019 Highlights Revenue of $257 million, an increase of 25% year-over-year (“y-o-y”) Operating Income of $8.2 million, an increase of 98% y-o-y Net Income Per Share of $0.26 and Adjusted Net Income Per Share* of $0.38 Remaining Performance Obligations, a GAAP measure of future revenue
Slide 4: 2Q19 Revenue and Operating Income
2Q19 Revenue and Operating Income REVENUE OPERATING INCOME Financial measures presented herein are in millions, except for earnings per share or as otherwise noted +25% +98%
Slide 5: 2Q19 Net Income Per Share and Adjusted Net Income Per Share
2Q19 Net Income Per Share and Adjusted Net Income Per Share* NET INCOME PER SHARE ADJUSTED NET INCOME PER SHARE* +136% +141% * Non-GAAP financial measure; see reconciliation table
Slide 6: 2Q19 Segment Results
2Q19 Segment Results Commercial & Industrial Communications Infrastructure Solutions Residential Revenue: $80.0 million, an increase of 21.9% over 2Q18 Operating Income: $1.4 million Operating Income Margin: 1.8% Revenue: $70.4 million, an increase of 40.2% from 2Q18 Operating Income: $4.3 million O
Slide 7: Strong Backlog Growth
Strong Backlog* Growth Backlog ($ in millions) Remaining Performance Obligations: $286 $289 $326 $407 $424 * Non-GAAP financial measure; see reconciliation table +67%
Slide 8: Appendix
Appendix
Slide 9: Income Statement
Income Statement {in millions, except earnings per share) Three Months Ended Six Months Ended a March 31, 2018 2019 2018 2019 Revenue $205.7 $256.9 $404.0 $500.8 Operating income 41 82 71 177 Interest expense & other 0.4 0.4 08 1.0 i i $37 $78 $6.4 $16.7 Provision for income taxes 14 23 33.6 42 Net
Slide 10: Select Balance Sheet Data
Select Balance Sheet Data (in millions) —3/31/18__ __ 9/30/18 _ _3/31/19 _ Cash $35.7 $26.2 $16.2 Current Assets 190.9 236.4 246.8 Deferred Tax Assets 50.9 46.6 43.1 Non-Current Assets 107.4 112.7 1113 Total Assets $385.0 $422.0 $417.3 Current Liabilities $139.4 $164.4 $162.6 Other Liabilities 46 44
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 Three Months Ended Six Months Ended 2018 2019
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 $355 million as of September 30, 2018, including $133 million associated with amortization of personal goodwill Rights Agreement implemented to deter new 5% shareholders in order to prevent certain limitations on NOLs