Emcor Group, Inc. · NYSE:EME

Emcor — Q3 2022 Earnings Presentation

16 slides from Emcor's earnings presentation, Oct 27, 2022

  1. Slide 1: Quarter Three 2022 Financial Results

    QUARTER THREE 2022 FINANCIAL RESULTS OCTOBER 27, 2022

  2. Slide 2: Forward-Looking Statements and Non-GAAP Financial Disclosures

    THIRD QUARTER 2022 FINANCIAL RESULTS 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 assume

  3. Slide 3: EMCOR Participants

    THIRD QUARTER 2022 FINANCIAL RESULTS EMCOR PARTICIPANTS » Tony Guzzi Chairman, President & Chief Executive Officer » Mark Pompa EVP & Chief Financial Officer » Maxine Mauricio EVP & General Counsel » Kevin Matz EVP, Shared Services 3

  4. Slide 4: Qtr. 3 Executive Summary

    THIRD QUARTER 2022 FINANCIAL RESULTS 2022 QTR. 3 EXECUTIVE SUMMARY  Strong Qtr. 3 Performance ̶ Record quarterly revenues of $2.83 billion / Solid operating margin at 5.3% 2022 2021 $Δ – Operating Income $150.1M $137.4M $12.7M  OI as a % of Revenue 5.3% 5.4% – Diluted EPS $2.16 $1.85 $0.31  Opera

  5. Slide 5: Qtr. 3 Executive Summary

    THIRD QUARTER 2022 FINANCIAL RESULTS 2022 QTR. 3 EXECUTIVE SUMMARY » U.S. Electrical Construction and Facilities Services segment revenues increased by $102.4 million vs. Qtr. 3 2021 with an operating margin of 5.6% » U.S. Mechanical Construction and Facilities Services segment revenues increased by

  6. Slide 6: Qtr. 3 Executive Summary: Record RPOs

    THIRD QUARTER 2022 FINANCIAL RESULTS 2022 QTR. 3 EXECUTIVE SUMMARY » RPOs at an all-time record of $7.10 billion, up 32% compared to 9/30/21 Sept. 2022  U.S. RPOs UP $1.72 billion or nearly 33% vs. Sept. 2021 $1,466M ‒ Combined U.S. Construction Segments UP 34.4% ‒ U.S. Building Services Segment UP

  7. Slide 7: Qtr. 3 Financial Results Highlights

    THIRD QUARTER 2022 FINANCIAL RESULTS 2022 QTR. 3 FINANCIAL RESULTS HIGHLIGHTS » Consolidated quarterly revenues of $2.83 billion Change from Qtr. 3 2021 Qtr. 3 ($ Millions) (Unaudited) 2022 $ % U.S. Electrical Construction & Facilities Services $ 633.4 $ 102.4 19.3% U.S. Mechanical Construction & Fa

  8. Slide 8: Qtr. 3 Financial Results Highlights

    THIRD QUARTER 2022 FINANCIAL RESULTS 2022 QTR. 3 FINANCIAL RESULTS HIGHLIGHTS » SG&A expenses of $263.1 million or 9.3% of revenues vs. $243.9 million or 9.7% of revenues for Qtr. 3 2021 » Operating income of $150.1 million or 5.3% of revenues Operating Margin For the Quarter Ended Operating Income

  9. Slide 9: Key Financial Data – Income Statement

    THIRD QUARTER 2022 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Quarter Ended September 30, Variance 2022 2021 $ % Revenues $ 2,826,361 $ 2,521,672 $ 304,689 12.1% Gross Profit 413,231 381,343 31,888 8.4% 14.6% 15.1% Selling,

  10. Slide 10: Key Financial Data – Income Statement

    THIRD QUARTER 2022 FINANCIAL RESULTS KEY FINANCIAL DATA – INCOME STATEMENT ($ Thousands, except per share information) (Unaudited) For the Nine Months Ended September 30, Variance 2022 2021 $ % Revenues $ 8,126,298 $ 7,263,387 $ 862,911 11.9% Gross Profit 1,148,794 1,098,695 50,099 4.6% 14.1% 15.1%

  11. Slide 11: Key Financial Data – Balance Sheet

    THIRD QUARTER 2022 FINANCIAL RESULTS KEY FINANCIAL DATA – BALANCE SHEET ($ Thousands) (Unaudited) 09/30/22 12/31/21 Cash $ 403,816 $ 821,345 Working Capital $ 740,466 $ 1,029,263 Goodwill $ 916,812 $ 890,268 Identifiable Intangible Assets, Net $ 605,949 $ 589,365 Total Debt (excludes operating lease

  12. Slide 12: Remaining Performance Obligations

    THIRD QUARTER 2022 FINANCIAL RESULTS REMAINING PERFORMANCE OBLIGATIONS » Diverse RPOs of $7.10 billion By Segment ($ Millions) (Unaudited) By Market Sector ($ Millions) (Unaudited) $8,000 $8,000 $8,000 $7,101 $7,101 $7,000 $7,000 $7,000 $6,000 $6,000 $6,000 $5,599 $5,599 $5,379 $5,379 $5,000 $5,000

  13. Slide 13: Growth Opportunities

    THIRD QUARTER 2022 FINANCIAL RESULTS GROWTH OPPORTUNITIES Data Centers / » Strong electrical / mechanical / fire protection demand across Semiconductor Fabs numerous geographic regions; RPOs continue to grow Industrial / Manufacturing » Growing electrical / mechanical opportunities driven by continu

  14. Slide 14: Guidance Assumptions Update

    THIRD QUARTER 2022 FINANCIAL RESULTS GUIDANCE ASSUMPTIONS UPDATE Inflation and supply chain disruptions continue to contribute to a challenging 2022 operating environment Original 2022 Assumptions Qtr. 3 2022 Update  Non-res. market projected to grow  Up mid-single digits  Healthy organic revenue

  15. Slide 15: Guidance

    THIRD QUARTER 2022 FINANCIAL RESULTS 2022 GUIDANCE Revenues ~$11.0 Billion Diluted EPS* $7.60 - $7.85 * Assumes ~27.5% effective tax rate, before discrete items 15

  16. Slide 16: EMCOR – Build, Power, Service, Protect

    «ty = EMCOR BUILD POWER SERVICE PROTECT

EMCOR Group — Q3 2022 Earnings Presentation on 6ix