Abm Industries Incorporated · NYSE:ABM
Abm Industries — Q3 2013 Earnings Presentation
16 slides from Abm Industries's earnings presentation, Sep 4, 2013
Slide 1: Third Quarter 2013 Teleconference
ABMThird Quarter 2013Teleconference
Slide 2: Agenda
Agenda 2 1 Introduction & Overview | Henrik Slipsager, CEO 2 Third Quarter 2013 Financial Review | Jim Lusk, CFO 3 Third Quarter 2013 Operational Review | Jim McClure, EVP, Tracy Price, EVP & Henrik Slipsager, CEO 4 Fiscal 2013 Outlook | Henrik Slipsager, CEO Forward-Looking Statements and Non-GAAP
Slide 3: Third Quarter 2013 Review of Financial Results
Third Quarter 2013 Review of Financial Results
Slide 4: Fiscal Q3 2013 Overview
Fiscal Q3 2013 Overview 4 Achieved revenue of $1.22 billion, up 12.8% Y-o-Y for the third quarter Organic growth in Janitorial, Facility Services, and Security businesses of 3.2%, 6.3%, and 5.0%, respectivelyConsolidated organic growth of approximately 3.0%Reported EPS of $0.29; adjusted EPS $0.41 u
Slide 5: Third Quarter Results Synthesis - Key Financial Metrics
Third Quarter Results Synthesis - Key Financial Metrics 5 Net Income Net Income of $16.1 million, or $0.29 per diluted share up 27.8% compared to $12.6 million in fiscal 2012. The increase of $3.5 million is primarily due to contributions from recent acquisitions and net new business.Adjusted EBITDA
Slide 6: Select Balance Sheet Items
Select Balance Sheet Items Cash Flows from Operating Activities(in millions) Days sales outstanding (DSO) for the third quarter were 51 daysDSO was flat year-over-year and up 1 day sequentially 6 Insurance Claims - Balance Sheet & Claims Paid Data(in thousands) Line of Credit(in millions) OneSource
Slide 7: Q3 2013 Results Synthesis - Revenues
Q3 2013 Results Synthesis - Revenues Revenues of $621.8 million, up $19.4 million or 3.2% compared to 2013 Q3Significant improvement in South Central region; modest improvement in Midwest Consolidated revenues up 12.8% at $1.22 billion - A Q3 Record Janitorial Services 7 Facility Services Parking Se
Slide 8: Q3 2013 Results Synthesis - Total Profits
Q3 2013 Results Synthesis - Total Profits1 Janitorial's profit of $34.4 million, decreased $0.5 million or 1.3%. Higher expenses associated with new jobs led to a small year-over-year decline Profit for Facility Services increased 21.5% to $7.0 million, primarily from new business Parking's profit o
Slide 9: Q3 2013 Business & Marketing Highlights
Q3 2013 Business & Marketing Highlights Continue to be on schedule with reorganized operational structure: Onsite, Mobile and On- demand. This realignment will continue during 2013 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 2013 Outlook
Fiscal 2013 Outlook Based on year-to-date performance and current outlook, the Company is providing the following guidance for fiscal 2013: $1.26 to $1.31 for Income from Continuing Operations per diluted share$1.45 to $1.50, which is the upper range for Adjusted Income from Continuing Operations pe
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