Ies Holdings, Inc. · NASDAQ:IESC
Ies — Q3 2019 Earnings Presentation
15 slides from Ies's earnings presentation, Aug 2, 2019
Slide 1: Third Quarter 2019 Update
IES Holdings, Inc. Third Quarter 2019 Update August 2, 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: Third Quarter 2019 Highlights
Third Quarter 2019 Highlights Revenue of $283 million, an increase of 22% year-over-year (“y-o-y”) Operating Income of $10.2 million Net Income Per Share of $0.52 and Adjusted Net Income Per Share* of $0.44 Remaining Performance Obligations, a GAAP measure of future revenue to be recognized from cur
Slide 4: 3Q19 Revenue and Operating Income
3Q19 Revenue and Operating Income REVENUE OPERATING INCOME Financial measures presented herein are in millions, except for earnings per share or as otherwise noted +22% +1%
Slide 5: 3Q19 Net Income Per Share and Adjusted Net Income Per Share
3Q19 Net Income Per Share and Adjusted Net Income Per Share* NET INCOME PER SHARE ADJUSTED NET INCOME PER SHARE* +30% +5% * Non-GAAP financial measure; see reconciliation table
Slide 6: 3Q19 Segment Results
3Q19 Segment Results Third Quarter Nine Months Year-to-Date Revenue: $90.4 million (66% increase from 3Q18) Operating Income: $7.0 million (+87%) Revenue: $230.2 million (45% increase from YTD18) Operating Income: $16.3 million (+64%) Communications Revenue: $80.7 million (+7%) Operating Income: $4.
Slide 7: Strong Backlog Growth
Strong Backlog* Growth Backlog ($ in millions) Remaining Performance Obligations: $289 $326 $407 $424 $487 * Non-GAAP financial measure; see reconciliation table +39%
Slide 8: Appendix
Appendix
Slide 9: Income Statement
Income Statement {in millions, except earnings per share) Three Months Ended Nine Months Ended June 30, June 30, 2018 2019 2018 2019 Revenue $232.6 $2826 $636.6 $783.4 Operating income 10.1 10.2 172 $279 Interest expense & other 0.4 04 1.2 $14 i i $9.7 $98 $16.0 $26.5 Provision for (benefit from) in
Slide 10: Select Balance Sheet Data
Select Balance Sheet Data (in millions) 8/30/18 _ _9/30/18 _ __6/30/19_ Cash $217 $26.2 $13.1 Current Assets 2123 236.4 2719 Deferred Tax Assets 49.6 46.6 43.4 Non-Current Assets 112.3 112.7 109.9 Total Assets $396.0 $422.0 $438.4 $143.2 $164.4 $186.3 44 44 19 29.6 29.6 99 Total Liabilities $177.2 $
Slide 11: Segment Results
Segment Results (in millions) Revenue Commercial & Industrial Communications Infrastructure Solutions Residential Total Revenue Operating Income Commercial & Industrial tions Infrastructure Solutions Residential Corporate Total Operating Income Three Months Ended Nine Months Ended Jun Jun 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