Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q2 2012 Earnings Presentation
17 slides from Abm Industries's earnings presentation, Jun 6, 2012
Slide 1: Second Quarter 2012 Investor Call
Second Quarter 2012 Investor Call NYSE: ABM June 7, 2012
Slide 2: Agenda
Agenda 2 1 Introduction & Overview | Henrik Slipsager, Chief Executive Officer 2 Second Quarter 2012 Financial Review | Jim Lusk, Chief Financial Officer 3 Second Quarter 2012 Operational Review | Henrik Slipsager, Chief Executive Officer & Tracy Price, Executive Vice President 4 Fiscal 2012 Outlook
Slide 3: 2012 Second Quarter Financial Highlights
2012 Second Quarter Financial Highlights 3 Revenues essentially flat primarily due to lower contribution from government business and delays in new job starts. Cash flow from continuing operations of $42.6 million, up $11.3 million year-over- year Reduced outstanding loans under Line of Credit by $2
Slide 4: Second Quarter Results Synthesis - Key Financial Metrics
Second Quarter Results Synthesis - Key Financial Metrics 4 Net Income Net Income of $11.7 million, down 17.6% or $2.5 million. The Company settled certain legal matters, which adversely impacted net income by $3.0 million. In addition, payroll related expenses associated with higher state unemployme
Slide 5: Cash Flow & Select Balance Sheet Information
Cash Flow & Select Balance Sheet Information Insurance comparison Comparison of working capital and net trade receivables (In thousands) (In thousands) (In thousands) Cash Flow from Operating Activities (in millions) Days sales outstanding (DSO) for the second quarter were 50 days DSO up 2 days year
Slide 6: Facility Solutions Q2 2012 Results Synthesis - Revenues
Facility Solutions Q2 2012 Results Synthesis - Revenues Revenues of $593.4 million, up $3.2 million compared to 2011 Tag business up $2.1 million or 6.3% Revenues flat at $1.1 billion. Lower government project work coupled with delays in starting recently awarded contracts Janitorial Services Parkin
Slide 7: Q2 2012 Results Synthesis - Operating Profits
Q2 2012 Results Synthesis - Operating Profits1 Janitorial's operating profit of $33.5 million, decreased $1.4 million or 4.1%. The decrease resulted primarily from higher legal expenses and payroll related expense associated with higher state unemployment insurance rates Operating profit for Facilit
Slide 8: Facility Solutions Update
Facility Solutions Update Positioning the business for long-term success by focusing and expanding key services: Building & Energy Integrated Facility Solutions Government Building & Energy Solutions revenue and operating profit for the quarter up 10.3% and 17.5%, respectively Acquisition of TEGG: B
Slide 9: Linc Pre-Acquisition On-Site Business Service Delivery System
9 Linc Mobile Network HVAC Energy Solutions The Linc Group On-Site Business Drives Demand Pre-Acquisition Service Delivery System Urban - Suburban
Slide 10: ABM On-Site Business Drives Demand: End-to-End Service Delivery System
10 ABM Mobile Network HVAC Energy Solutions Electrical Day Porters Multi-location utilizing local labor ABM On-Site Business Drives Demand End-to-End Service Delivery System Urban - Suburban - Rural Service Center Electrical HVAC Janitorial Landscape Plumbing Associated Building Trades ... ABM On De
Slide 11: Q2 2012 Sales & Marketing Highlights
Q2 2012 Sales & Marketing Highlights Good momentum from 1st quarter continues. Fiscal Y-T-D, closed in excess of $150 million in new contracts. Installed EV Charging Stations at USAA & other notable sites ABM's bundled energy solutions helping clients reallocate funding for energy upgrades Metropoli
Slide 12: Fiscal 2012 Outlook Summary
Fiscal 2012 Outlook Summary Reaffirming guidance for fiscal year 2012 Anticipate Income from Continuing Operations of $1.26 to $1.36 per diluted share; and Adjusted Income from Continuing Operations of $1.40 to $1.50, which reflects higher expenses associated with payroll taxes (SUI & FUTA) and key
Slide 13: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements that set forth management's anticipated results based on management's current plans and assumptions. Any number of factors could cause the Company's actual results to differ materially from those anticipated. These facto
Slide 14: Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Appendix - Unaudited Reconciliation of non-GAAP Financial Measures
Slide 15: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands) 15 ABM Industries Incorporated and Subsidiaries
Slide 16: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures (in thousands, except per share data) 16 ABM Industries Incorporated and Subsidiaries
Slide 17: Unaudited Reconciliation of non-GAAP Financial Measures
Unaudited Reconciliation of non-GAAP Financial Measures 17