Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - POWERSECURE INTERNATIONAL, INC. | d921349d8k.htm |
| EX-99.1 - PRESS RELEASE - POWERSECURE INTERNATIONAL, INC. | d921349dex991.htm |
 1
1
May 2015
Exhibit 99.2 |
 2
2
Forward-Looking Statements
Safe Harbor–
All
forward-looking
statements
made
or
referred
to
in
this
presentation
are
made
under
the
safe
harbor
provisions
of
the
Private
Securities
Litigation
Reform
Act
of
1995.
Forward-looking
statements,
which
are
all
statements
other
than
statements
of
historical
facts
and
include
beliefs,
opinions,
estimates,
expectations
and
projections
about
future
business
developments,
opportunities,
financial
guidance,
prospects,
and
outlook,
are
not
guarantees
of
future
performance
or
events
but
are
based
upon
current
assumptions
and
subject
to
risks,
uncertainties
and
other
factors
that
could
cause
actual
results
to
differ
materially
from
those
expressed,
projected
or
implied,
including
risks
and
uncertainties
set
forth
in
the
Company's
SEC
filings,
including
but
not
limited
to
the
Company’s
most
recent
Form
10-K
and
subsequent
SEC
filings
including
reports
on
Form
8-K
and
Form
10-Q.
Any
forward-looking
statements
in
this
presentation
speak
only
as
of
the
date
hereof
and
are
subject
to
change,
and
the
Company
assumes
no
duty
or
obligation
to
update
or
revise
any
forward-looking
statements. |
 3
3
What You Will Hear Today
1.
Who we are
2.
Where we have been
3.
Where we are now
4.
Where we are going |
 4
4
What You Will Hear Today
1.
Who we are
2.
Where we have been
3.
Where we are now
4.
Where we are going |
 5
5
POWR
Percentage
of
year-over-year
backlog growth
>750
employees
Focused on Operational Excellence
Strong
balance
sheet
$283 million
Trailing 12 month revenues
Headquarters:
Wake Forest, NC
$402
million
Record backlog
Record 1
st
Quarter
revenues of $79.5 million
Who We Are
79% |
 6
6
Who We Are: Utility Focused
Energy Efficiency
Products/Services
Utility
Infrastructure
Solutions
Distributed
Generation
Systems |
 7
7
What You Will Hear Today
1.
Who we are
2.
Where we have been
3.
Where we are now
4.
Where we are going |
 Where
We Have Been: Building and Growing our Business |
 9
9
What You Will Hear Today
1.
Who we are
2.
Where we have been
3.
Where we are now
4.
Where we are going |
 10
10
Where We Are Now: Solid Q1 Execution
•
Revenues of $79.5 million
(+50.6% y-o-y)
•
Gross margin of 26.8%
(DG: 38.6%, EE: 37.0%)
•
GAAP EPS of $0.01
•
Record backlog grows to $402 million
(vs. $225 million at May 2014)
•
$23.8 million in cash, $21.4 million in term debt and capital leases, nothing
drawn on $20 million revolving credit facility
•
Operating margin continues to expand y-o-y |
 11
11
Recent Acquisitions Add Value: Solar
•
$22.6M in FY 2014 solar revenues
•
+ $140 M to backlog since mid-2014
-
Includes $120M project w/large IOU
•
Accretive to net income & EPS
•
In-house turnkey EPC capability
•
Strategic offering integrated into
microgrid solutions
Purchased
solar business for
$4M
in
June 2012 |
 12
12
Recent Acquisitions Add Value:
Energy Efficiency Services
•
Serve super-ESCOs with lighting,
mechanical, water and building
envelope solutions to deliver savings
•
Added retail capability in 2014
•
Opens new customer channels for DG
and LED lighting solutions
Paid ~$6M for EES
capabilities in
2013/14 |
 13
13
Recent Acquisitions Add Value: Solais
•
Significant sourcing and manufacturing
expertise
•
Adding substantial efficiencies to
manufacturing of PowerSecure’s existing
LED solutions
•
Gross margins have expanded >10pp
•
Outstanding proprietary portfolio of LED
lamps and fixtures for C&I applications
•
Superior light output, thermal management,
optics, light quality and aesthetics
Purchased Solais
lighting business
for $15 M
April 2013 |
 14
14
Recent Acquisitions Add Value: Mission Critical
•
Full turnkey electrical infrastructure,
design, implementation and
commissioning to data center owners
•
Established market leader
•
Speeds access to key data center
decision makers
•
Nearly $9M in Q1 2015 revenues
Purchased for $13M
in
October 2014 |
 15
What You Will Hear Today
1.
Who we are
2.
Where we have been
3.
Where we are now
4.
Where we are going
15 |
 16
Where We Are Going: 2015 Focus Areas
1.
Relentless pursuit of operational excellence in everything we do
2.
Expand our operating margins to drive EPS in 2015 and beyond
3.
Grow pipeline of opportunities for 2016 and convert them to backlog
16 |
 17
17
Where We Are Going:
Building and Growing our Business
CAGR 29.4% |
 18
18 |