V2x, Inc. · NYSE:VVX
V2x — Vectrus — Q2 2017 Earnings Presentation
9 slides from V2x's earnings presentation, Aug 8, 2017
Slide 1: Vectrus Second Quarter 2017 Results
VECTRUS SECOND QUARTER 2017 RESULTS CHUCK PROW PRESIDENT AND CHIEF EXECUTIVE OFFICER MATT KLEIN SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER AUGUST 8, 2017
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 (THE "ACT"): CERTAIN MATERIAL PRESENTED HEREIN INCLUDES FORWARD-LOOKING STATEMENTS INTENDED TO QUALIFY FOR THE SAFE HARBOR FROM LIABILITY ESTABLISHED BY THE ACT. THESE FORWARD-LOOKING STATEMENTS IN
Slide 3: Q2 2017 Highlights
Q2 2017 HIGHLIGHTS • Q2 2017 financial results o Revenue of $259.3 million o Operating Income $9.2 million o Operating margin of 3.5% o Diluted EPS of $0.49 o Year-to-date net cash provided by operating activities of $5.7 million • Awarded $97 million Keesler Air Force Base Operations Support Servic
Slide 4: Business Update
BUSINESS UPDATE • Reaffirming 2017 guidance • New business and contract update o Over $4 billion in potential new business opportunities identified over the next 12 months o Approx. $1 billion of proposals submitted and pending potential award o Subsequent to the second quarter, awarded a task order
Slide 5: 2017 Financial Results
2017 FINANCIAL RESULTS Second Quarter 2017 Q2 Q2 (In millions, except Operating Margin and Diluted Earnings Per Share) 2017 2016 vs. 2016 Revenue $ 259.3 $ 307.9 $ (48.6) Operating Income $ 9.2 $ 11.3 $ (2.1) Operating Margin 3.5 % 3.7 % (0.2)% Net Income $ 5.5 $ 6.1 $ (0.6) Diluted Earnings Per Sha
Slide 6: Debt Profile
DEBT PROFILE Total Debt Payment History: ($M) $150 Mandatory $35.0M $140.0 2.6 Voluntary $27.0M $140 $137.4 11.4 Total $62.0M $130 12.0 $120 $114.0 14.0 $110 15.0 $100 $90 $85.0 3.5 3.5 $80 $78.0 $70 $60 $50 9/30/14 2014 12/31/14 2015 2015 12/31/15 2016 2016 12/31/16 1Q17 2Q17 6/30/2017 Debt Balance
Slide 7: Backlog
BACKLOG(1) ($B) $3.5 $3.0 $2.9 $2.8 $2.5 $2.4 $2.3 (2) $2.1 $2.0 $2.0 $1.9 $1.5 $1.7 $1.3 $1.0 $1.3 $1.0 $0.9 $0.9 $0.8 $0.5 $0.7 $- Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Funded Unfunded • Total backlog $2,794 million as of June 30, 2017 o Funded backlog $889 million o Unfunded backlog $1,905 mill
Slide 8: 2017 Guidance Summary
2017 GUIDANCE SUMMARY Reaffirming 2017 guidance: Var to $ millions, except for operating margin and per share amounts 2017 Guidance 2017 Mid 2016 Mid %Var Revenue $ 990 to $ 1,090 $ 1,040 $ 1,191 $ (151) (12.7)% Operating Margin 3.40 % to 3.60 % 3.50 % 3.60 % -10 bps Net Income $ 18.7 to $ 22.3 $ 20
Slide 9: Vectrus Second Quarter 2017 Results
VECTRUS SECOND QUARTER 2017 RESULTS CHUCK PROW PRESIDENT AND CHIEF EXECUTIVE OFFICER MATT KLEIN SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER