Fourth Quarter and Fiscal Year Ended June 30, 2020
Review of Fiscal 2020
FISCAL 2020 RETROSPECTIVE Strong execution across most of the business Strong direct margin performance across most operating segments Market share growth in LNG peak shaving facilities and bunkering terminals, natural gas processing,…
NOTABLE ACCOMPLISHMENTS SAFETY, PEOPLE & GOVERNANCE TRIR of 0.50, while also implementing and adhering to increased health and safety protocols Moved 1,000+ employees to remote work status in less than one week with no loss of…
NOTABLE ACCOMPLISHMENTS STREAMLINING THE BUSINESS Comprehensive cost structure review undertaken due to uncertainty around COVID-19 Reduced planned overhead costs by 45 million, or 18% Reductions in force Elimination of planned…
NOTABLE ACCOMPLISHMENTS PROJECTS EPC execution of the Piedmont LNG facility for Duke Energy Construction of the first-ever alkylation unit in the U.S. at Chevrons Salt Lake City refinery Turnkey EPC work on Keyeras Wildhorse…
STATEGIC OUTLOOK New cost structure and streamlined operations Near-term environment remains challenged Costs better aligned with near-term expectations Some improvements with maintenance volume, Impact of current business environment…
NEW REPORTING SEGMENTS UTILITY & POWER INFRASTRUCTURE PROCESS & INDUSTRIAL FACILITIES STORAGE AND TERMINAL SOLUTIONS MARGINS: 10 12% MARGINS: 9 11% MARGINS: 10 12% Midstream natural gas Refineries Crude tanks & terminals LNG…
RECONCILIATION OF NON-GAAP MEASURES ( in thousands, except EPS) Three Months Ended Fiscal Year Ended June 30, 2020 June 30, 2020 Earnings Earnings Income Tax Amount of Net Income (Loss) Per Net Income (Loss) Per Effect of Charge…
SEGMENT RESULTS ( in thousands) Electrical Oil Gas & Storage 4Q20 Infrastructure Chemical Solutions Industrial TOTAL Revenue 22,917 35,115 122,617 15,188 195,837 Gross Profit 919 5,044 13,094 176 19,233 Gross Margin 4.0% 14.4% 10.7%…
FISCAL 2020 YEAR END RESULTS ( in thousands, except EPS) FISCAL 20 YTD FISCAL 19 YTD GAAP Based Measures Revenue 1,100,938 1,416,680 Gross profit 102,176 9.3% 131,951 9.3% SG&A 86,276 7.8% 94,021 6.6% Operating income (loss)…
LIQUIDITY BRIDGE 4Q FISCAL YEAR 2020 ( in millions) Liquidity of 193.4 million consists of cash of 100.0 million and availability under the credit facility of 93.4 million 14
LOOKING FORWARD Big Picture Financial Expectations New segment reporting provides *While formal guidance has been suspended, the better insight into strategic decision following can be used for modeling purposes. making Long-term…
SUMMARY COMMENTS We will continue to be relentless about the health and safety of our 1 employees, clients and business partners We will remain focused on those elements we can control. 2 We have made adjustments to our cost…
APPENDIX
ADJUSTED EBITDA ( in thousands) Three Months Ended Twelve Months Ended June 30, June 30, June 30, June 30, 2020 2019 2020 2019 Net income (loss) (5,722 ) 12,812 (33,074 ) 27,982 Goodwill and other intangible asset impairment…
BACKLOG AT JUNE 30, 2020 PROJECT AWARD DISRUPTIONS DUE TO COVID-19 ( in millions) 1,219 1,098 1,082 264 249 206 872 758 57 727 682 26 32 91 614 635 142 640 603 521 576 286 227 135 168 157 163 132 121 114 74 73 55 42…
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