Slide 1: 4th Quarter Presentation, August 24, 2011
Exhibit 99-2 4th Quarter Presentation August 24, 2011
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 2011 fourth 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: Q4-2011 Overview
Q4-2011 Overview n Contract revenue of $303.7 million grew organically 10.8%, including $14.1 million of storm restoration services n Adjusted EBITDA of $39.9 million in Q4-11 grew 41.1% compared to Q4-10 n Repurchased 580,000 shares of our common stock at an average price of $15.62 per share for a
Slide 5: Top 5 customers represented 61.1% of revenue in Q4-11
n Top 5 customers from Q4-11 represented 61.1% of revenue in Q4-11 and 62.5% of revenue in Q4-10 n Verizon’s year-over-year organic growth at 31.8% n Windstream, Dycom’s sixth largest customer in Q4- 11 at 6.7% of revenue with organic growth of 27.8% (excluding storm revenue) n Organic revenue growt
Slide 6: Backlog and Awards
Backlog and Awards Customers Description Area Approximate Term (in years) nVerizon Engineering and Installation Services New York, New Jersey, Maryland, Virginia 3 nVerizon Construction Services New York 5 nAT&T Construction and Maintenance Services Alabama 3 nSCE&G Locating Services South Carolina
Slide 7: Summary Results
Summary Results Organic revenue growth of 5.4% Revenue from Telecommunications customers up to 83.5% of total * * Includes $20.1 million of revenue from the additional week in Q4-10 as a result of our 52/53 week fiscal year. Note: The organic revenue percentage of 5.4% excludes storm restoration ser
Slide 8: Selected Information
Selected Information Q4-11 Q4-10 Change (a) ($ in millions) Organic revenue growth of 5.4% Contract Revenues $303.7 $281.5 $22.2 (excluding $14.1 million of storm revenue in Q4-11) Cost of Earned Revenues $239.1 $227.8 $11.3 nRecent contract awards and 78.7% 80.9% (2.2)% Broadband Stimulus activity
Slide 9: Cash Flow and Liquidity
Cash Flow and Liquidity Operating and Investing Cash Flows supporting growth n Sequential growth in the business drives working capital changes n Capital expenditures, net of disposals, were at $26.6 million to address new opportunities, replacement and fuel efficiency Balance Sheet Strength n Incre
Slide 10: Summary
Summary n Experienced the effects of an improving environment n Broadband stimulus awards continued throughout the quarter n Deployment of new technologies by cable operators which enable them to increase the effective bandwidth of their networks n Increasing number of industry participants aggressi
Slide 11: Looking Ahead
Looking Ahead n Organic revenue which grows modestly generating high single digit to mid- teens total growth n Margins and earnings which reflect operating efficiencies at higher revenue levels n Solid and growing cash flows dedicated to accretive acquisition opportunities and share repurchases as v
Slide 12: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Non-GAAP adjustments in Q4-11 reflect revenues from businesses acquired during Q2-11. The Q4-10 Non-GAAP adjustments reflect the impact of the additional week in Q4-10 and are calculated by dividing contract revenues by 14 weeks. The result, representing one wee
Slide 13: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Non-GAAP adjustments in Q4-11 reflect storm restoration revenues recognized and revenues from businesses acquired during Q2-11. The Q4-10 Non-GAAP adjustments reflect the impact of the additional week in Q4-10 and are calculated by dividing contract revenues by
Slide 14: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure (a) Non-GAAP adjustments in Q4-11 reflect storm restoration revenues ($9.6 million Top 5 Customers, $4.5 million All Other Customers) and revenues from businesses acquired during Q2-11 ($2.9 million Top 5 Customers, $11.2 million All Other Customers). Non-GAAP adjus
Slide 15: Appendix: Regulation G Disclosure
Appendix: Regulation G Disclosure The above table presents the Non-GAAP financial measures of EBITDA and Adjusted EBITDA for the three months ended July 30, 2011 and July 31, 2010. EBITDA and Adjusted EBITDA are Non-GAAP financial measures within the meaning of Regulation G promulgated by the Securi
Slide 16: 4th Quarter Presentation, August 24, 2011
4th Quarter Presentation August 24, 2011
Slide 17: Slide 17