Emcor Group, Inc. · NYSE:EME
Emcor — KeyBanc Industrials & Basic Materials Conference 2022
19 slides from Emcor's conference presentation, Jun 1, 2022
Slide 1: KeyBanc Industrials & Basic Materials Conference
KeyBanc Industrials & Basic Materials Conference June 1, 2022
Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures
KeyBanc Industrials Conference June 1, 2022 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL DISCLOSURES Forward-Looking Statements This material and related presentation contain certain forward-looking statements. Such statements speak only as of the date on the cover of this slide deck, and EMCOR
Slide 3: EMCOR Highlights
KeyBanc Industrials Conference June 1, 2022 EMCOR HIGHLIGHTS » Leading specialty construction, building, and industrial services provider » Approximately 76 million hours worked in 2021 » 2021 Total Recordable Incident Rate (TRIR) of 1.06 » 2022 Qtr. 1 RPOs of $5.95B 3
Slide 4: EMCOR Strengths
KeyBanc Industrials Conference June 1, 2022 EMCOR STRENGTHS » Significant expertise in project execution and managing skilled craft labor » Disciplined and effective cost management » Broad opportunities for earnings growth » History of consistent cash generation » Strong and liquid balance sheet 4
Slide 5: Broad Construction & Services Platform
KeyBanc Industrials Conference June 1, 2022 BROAD CONSTRUCTION & SERVICES PLATFORM 2021 REVENUES: $9.9B CONSTRUCTION * SERVICES INDUSTRIAL CONSTRUCTION SERVICES BUILDING SERVICES SERVICES Mechanical Electrical Mobile Site-Based Government EMCOR UK Refinery / Petro Chemical / Turnaround Services Reve
Slide 6: Growth Opportunities
KeyBanc Industrials Conference June 1, 2022 GROWTH OPPORTUNITIES Well-positioned in growing non-residential markets / trades Data Centers » Strong Electrical / Mechanical / Fire Protection demand across Mid-Atlantic, Pacific Northwest, Midwest and Southeast; data center RPOs continue to grow Warehou
Slide 7: Market Outlook – Data Centers
KeyBanc Industrials Conference June 1, 2022 MARKET OUTLOOK – DATA CENTERS Demand across Mid-Atlantic, Pacific Northwest, Midwest, and the Southeast remains strong » Electrical Construction » Mechanical Construction » Fire Protection Systems CUSTOMER BASE » Technology Companies » Financial Firms “Ave
Slide 8: Market Outlook – Industrial / Manufacturing
KeyBanc Industrials Conference June 1, 2022 MARKET OUTLOOK – INDUSTRIAL / MANUFACTURING Well-positioned for continued and increased investment in: » Re-shoring of Critical Supply » Food Processing » High-Tech / Semiconductor » Pharmaceuticals » Building Products » Energy – Traditional / Renewable 8
Slide 9: Market Outlook – Supply Chain Support / Build Out
KeyBanc Industrials Conference June 1, 2022 MARKET OUTLOOK – SUPPLY CHAIN SUPPORT / BUILD OUT E-Commerce supply chain driving strong fire protection demand / moderate electrical services demand » Fire Protection Systems » Mechanical Construction » Active Aftermarket CUSTOMER BASE » Technology Compan
Slide 10: Market Outlook – Mechanical Services
KeyBanc Industrials Conference June 1, 2022 MARKET OUTLOOK – MECHANICAL SERVICES Growing demand stemming from maintenance deferrals, retrofit opportunities, efficiency upgrades, and IAQ » Mobile Mechanical Services » Building Automation & Controls » Onsite Facilities Services » Government Services C
Slide 11: RPOs by Market Sector – 3/31/22
KeyBanc Industrials Conference June 1, 2022 RPOS BY MARKET SECTOR – 3/31/22 § Diverse Remaining Performance Obligations (RPOs) of $5.95 billion 7% ($ Millions) (Unaudited) 3/31/22 9% 4% Commercial 2,690 Hospitality / Gaming 92 Industrial / Manufacturing 604 45% 12% Healthcare 693 Institutional 688 T
Slide 12: Prioritizing Sustainability
KeyBanc Industrials Conference June 1, 2022 PRIORITIZING SUSTAINABILITY Our Mission First, People Always values continue to guide our sustainability strategy Recent Updates » Aligned our sustainability reporting with the Sustainability Accounting Standards Board (SASB) standard for the Engineering &
Slide 13: Key Financial Data – Income Statement
KeyBanc Industrials Conference June 1, 2022 KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) For the Quarter Ended March 31, Variance 2022 2021 $ % Revenues $ 2,592,549 $ 2,304,049 $ 288,500 12.5% Gross Profit 352,555 341,073 11,482 3.4% 13.6% 14.8% Selling, General
Slide 14: Key Financial Data – Balance Sheet
KeyBanc Industrials Conference June 1, 2022 KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) 03/31/22 12/31/21 Cash $ 514,513 $ 821,345 Working Capital $ 919,835 $ 1,029,263 Goodwill $ 891,536 $ 890,268 Identifiable Intangible Assets, Net $ 574,614 $ 589,365 Total Debt (excludes operatin
Slide 15: Balanced Capital Allocator
KeyBanc Industrials Conference June 1, 2022 BALANCED CAPITAL ALLOCATOR EMCOR Capital Allocation by Year (%) 100% 4.9% 90% 24.4% 13.2% 80% 36.7% ~40% 36.2% 5.0% 49.3% 51.7% 70% 61.7% 10.3% 60% 7.5% 6.2% 50% 13.6% 12.7% 7.7% 7.4% 40% 81.9% 5.3% 9.6% 21.0% 30% 60.3% ~60% 12.4% 20% 42.2% 44.9% 31.3% 10%
Slide 16: 2022 Outlook
KeyBanc Industrials Conference June 1, 2022 2022 OUTLOOK » First and continuing priority – focus on employee health and safety » Non-residential market is projected to grow in 2022 » Energy efficiency upgrades driving HVAC replacement projects » Oil & gas markets have improved to date » U.K. strong
Slide 17: Guidance Assumption Update
KeyBanc Industrials Conference June 1, 2022 GUIDANCE ASSUMPTION UPDATE Omicron and supply chain disruptions contributed to a difficult Qtr. 1 operating environment Original 2022 Assumptions Qtr. 1 2022 Update § Non-res. market projected to grow § Up mid-single digits § Healthy organic revenue growth
Slide 18: 2022 Guidance
KeyBanc Industrials Conference June 1, 2022 2022 GUIDANCE » Assuming the impact of the COVID-19 pandemic and supply chain disruptions do not worsen Revenues $10.40 - $10.70 Billion Diluted EPS* $7.15 - $7.85 * Assumes 27.0% - 28.0% effective tax rate 18
Slide 19: EMCOR Build Power Service Protect
= EMCOR BUILD POWER SERVICE PROTECT
EMCOR Group — KeyBanc Industrials & Basic Materials Conference 2022 on 6ix