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Q1 2015 Earnings Call – Aegion Corporation

Aegion Corporation · Apr 29, 2015 · 20 slides

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Slides

  1. Q1 2015 Earnings Call – Aegion Corporation – slide 1
    First Quarter 2015 Earnings April 29, 2015
  2. Q1 2015 Earnings Call – Aegion Corporation – slide 2
    2015 First Quarter Financial Summary Selected Financial Results NonGAAP from Continuing Operations Current and prior year results exclude discontinued operations (in USD thousands, except margins and per share information) 1Q 2015 1Q…
  3. Q1 2015 Earnings Call – Aegion Corporation – slide 3
    Infrastructure Solutions Is WellPositioned for Growth in 2015 Infrastructure Solutions Infrastructure Solutions Insituform North America Contract Backlog Operating Income delivered solid performance Insituform backlog increased 8.9%…
  4. Q1 2015 Earnings Call – Aegion Corporation – slide 4
    Favorable North America MidStream Pipeline Market Can Partially Offset Challenges in the Upstream Segment Corrosion Protection Corrosion Protection Corrpro backlog declined 7%, but Record first quarter 2015 results in Contract…
  5. Q1 2015 Earnings Call – Aegion Corporation – slide 5
    West Coast Downstream Segment Remains Robust for Energy Services Energy Services Reduction in backlog the result of two Energy Services Contract Backlog upstream contracts up for renewal Operating Income Upstream gross margins…
  6. Q1 2015 Earnings Call – Aegion Corporation – slide 6
    First Quarter 2015 PreTax Charge for the 2014 Restructuring was 3.5 Million, or 0.09 per Diluted Share 2014 Restructuring 2014 Restructuring 2014 Charges First Quarter 2015 Charges International Water & Wastewater 1 Exit certain…
  7. Q1 2015 Earnings Call – Aegion Corporation – slide 7
    Realignment Provides Tangible Financial Benefits with Increased Management Focus on Future Growth Drivers 1 2 3 Annual Cost Savings Improved ROIC / Cash Liberation Intangible Benefits Annual Savings: 8 to 11 Expect incremental…
  8. Q1 2015 Earnings Call – Aegion Corporation – slide 8
    Depressed Oil Prices and Current Strength of the U.S. Dollar Create Uncertainty in the Second Half of 2015, Primarily in Canada Fourth Quarter First Quarter Traditionally strong quarter for Corrpro, Traditionally the least…
  9. Q1 2015 Earnings Call – Aegion Corporation – slide 9
    LongTerm Outlook for Upstream and Midstream Pipeline Infrastructure and Facility Maintenance Remains Favorable Diversified Sources Status Diversification strategy balances Aegions Near term, depressed oil prices create uncertainty in…
  10. Q1 2015 Earnings Call – Aegion Corporation – slide 10
    Why Aegion Pipelines Are the Maintenance, Arteries for Our rehabilitation and strengthening BEFORE Way of Life disaster strikes Wastewater Oil, Gas and Mining Water Pressure Pipes Maintenance, Upstream and Downstream…
  11. Q1 2015 Earnings Call – Aegion Corporation – slide 11
    First Quarter 2014 Versus First Quarter 2015 Core Earnings Results (in thousands USD except for share information) Revenue Operating Earnings per Income Diluted Share Reported GAAP Results for 2014 306,234 9,134 0.12 Divestiture…
  12. Q1 2015 Earnings Call – Aegion Corporation – slide 12
    Gross Margin Expansion from Infrastructure Solutions Nearly Offset Declines Caused by Depressed Oil Prices and Strong U.S. Dollar Infrastructure Solutions Corrosion Protection Energy Services Gross Margins Gross Margins Gross…
  13. Q1 2015 Earnings Call – Aegion Corporation – slide 13
    First Quarter Is Aegions Weakest Quarter of the Year and Traditionally a Use of Cash Flow from Operating Activities Source/(Uses) of Cash First Quarter 2015 in USD millions Typical use of cash because of low volume 175 2…
  14. Q1 2015 Earnings Call – Aegion Corporation – slide 14
    Aegion Targets Reducing Working Capital Requirements 150 Days Sales Outstanding (DSO) First Quarter 2015: Six day reduction from 125 the first quarter of 2014 100 2014: 10 day reduction in DSOs conserved 35 million in working…
  15. Q1 2015 Earnings Call – Aegion Corporation – slide 15
    Aegion Is 1 2 3 4 A DIVERSIFIED growth A company with An established global An execution driven and return oriented OPPORTUNITIES in the LEADER in water and company leveraging company pursuing U.S. upstream, wastewater pipeline…
  16. Q1 2015 Earnings Call – Aegion Corporation – slide 16
    Appendix 16
  17. Q1 2015 Earnings Call – Aegion Corporation – slide 17
    First Quarter 2015 NonGAAP Reconciliation from Continuing Operations All financial data presented is from continuing operations (in thousands USD except for share information) As Reported Restructuring & AcquisitionRelated As…
  18. Q1 2015 Earnings Call – Aegion Corporation – slide 18
    First Quarter NonGAAP Reconciliation for Infrastructure Solutions Quarter Ended March 31, 2015 Quarter Ended March 31, 2014 (in thousands USD) As Reported Adjustments 1 As Adjusted As Reported Adjustments As Adjusted (GAAP)…
  19. Q1 2015 Earnings Call – Aegion Corporation – slide 19
    First Quarter NonGAAP Reconciliation for Energy Services (in thousands USD) Quarter Ended March 31, 2015 Quarter Ended March 31, 2014 As Reported Adjustments 1, As Adjusted As Reported Adjustments As Adjusted (GAAP) (NonGAAP) (GAAP)…
  20. Q1 2015 Earnings Call – Aegion Corporation – slide 20
    First Quarter 2014 NonGAAP Reconciliation from Continuing Operations All financial data presented is from continuing operations (in thousands USD except for share information) As Reported Loss on Sale of As Adjusted (Non (GAAP)…

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