Slide 1: Fiscal 2012 2nd Quarter Presentation
Exhibit 99.2 Fiscal 2012 2nd Quarter Presentation February 29, 2012
Slide 2: Participants
Participants Steven E. Nielsen President & Chief Executive Officer Timothy R. Estes Chief Operating Officer H. Andrew DeFerrari Chief Financial Officer Richard B. Vilsoet General Counsel 1
Slide 3: Forward-Looking Statements and Non-GAAP Information
Forward-Looking Statements and Non-GAAP Information Fiscal 2012 second quarter results are unaudited. This presentation contains “forward-looking statements” which are statements relating to future events, future financial performance, strategies, expectations, and competitive environment. All state
Slide 4: Q2-2012 Overview
Q2-2012 Overview n Contract revenue of $267.4 million as compared to $218.2 million in the prior year quarter n Contract revenue grew organically 19.2%, highest organic growth in over 7 years n Adjusted EBITDA of $24.7 million in Q2-12 grew 52.5% compared to Q2-11 n GAAP net income of $0.10 per shar
Slide 5: Top customers and organic revenue growth
n Top 5 customers from Q2-12 represented 58.3% of revenue in Q2-12 compared to 61.0% of revenue in Q2-11 Ø CenturyLink became Dycom’s largest customer for the first time at 14.5% of total revenues Ø Verizon’s organic growth in excess of 57% year- over-year Ø Windstream more than doubled year-over-ye
Slide 6: Backlog and Awards
Backlog and Awards Current Awards and Extensions Customers Description Area Approximate Term (in years) nAT&T Wireless Construction Services Georgia, Florida 3 nCenturyLink Construction and Maintenance Services Oregon, Washington, Utah, Ohio, Tennessee, 2 Pennsylvania, New Jersey, Virginia, North Ca
Slide 7: Summary Results
Summary Results Organic revenue growth of 19.2%, highest growth in over 7 Revenue from Telecommunications customers 83.8% of total years Adjusted EBITDA growth from improved performance EPS of $0.10 per common share diluted ($ in millions, Q2-11 Q2-12 except per share data) (Non-GAAP) Net Income (Lo
Slide 8: Selected Information
Selected Information Q2-12 Q2-11 Change (a) Organic revenue growth of 19.2%, ($ in millions)(b) excluding revenue from businesses acquired in Q2- 11 Contract Revenues $267.4 $218.2 $49.2 in each period nGrowth within existing contracts Cost of Earned Revenues $220.2 $181.6 $38.6 82.4% 83.2% (0.9)% n
Slide 9: Cash Flow and Liquidity
Cash Flow and Liquidity Strong operating cash flows and targeted capital spending support growth nCash Flow from Operations of $51.4 million nCombined days sales outstanding on trade receivables and net unbilled revenues were 63 days in Q2-12 nCapital expenditures, net of disposals, of $20.1 million
Slide 10: Summary
Summary n End market opportunities driving organic growth } Industry participants aggressively extending or deploying fiber networks to provide wireless backhaul services } Broadband stimulus funding meaningfully increasing network construction for rural service providers } Cable operators deploying
Slide 11: Looking Ahead
Looking Ahead n Revenue which grows high-single digit to low-double digits as a percent of prior year’s quarterly revenue, after excluding Q4-11 storm work of $14.1 million for the Q4-12 comparison n Margins and earnings which reflect operating efficiencies at higher revenue levels n Strong cash flo
Slide 12: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure The above table presents the Non-GAAP financial measure of Adjusted EBITDA for the three and six months ended January 28, 2012 and January 29, 2011 and a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure. Adjusted EBITDA is a Non-GAAP fi
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Year-over-year growth percentage is calculated as follows: (i) revenues in the quarterly period less (ii) revenues in the comparative prior year quarter period; divided by (ii) revenues in the comparative prior year quarter period. (b) For comparison purposes, C
Slide 14: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Non-GAAP adjustments in Q2-12, Q3-11 and Q2-11 reflect revenues from businesses acquired during Q2-11. Non-GAAP adjustments in Q1-12 reflect storm restoration revenues ($3.7 million) and revenues from businesses acquired during Q2-11 ($14.5 million). Non-GAAP ad
Slide 15: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure 14
Slide 16: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure 15
Slide 17: Fiscal 2012 2nd Quarter Presentation
Fiscal 2012 2nd Quarter Presentation February 29, 2012
Slide 18: Slide 18