Skip to main content Second Quarter Energy December 31 2019 – Matrix Service Company Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Second Quarter Energy December 31 2019 – Matrix Service Company

Matrix Service Company · Feb 7, 2020 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 1
    Fiscal 2020 Investor Presentation Second Quarter Ended December 31, 2019
  2. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 2
    TOP TIER NORTH AMERICAN EPC CONTRACTOR Through our subsidiaries, Matrix provides engineering, fabrication, procurement, construction, construction management, maintenance and repair services across the Energy and Industrial markets…
  3. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 3
    MATRIX VALUE PROPOSITION PURPOSE We build a brighter future, improve quality of life, and create long-term value for our people, business partners, shareholders, and communities. OUR VISION FULFILLS THIS PURPOSE To be the company of…
  4. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 4
    OUR CORE VALUES ARE THE FOUNDATION OF OUR SUCCESS Our commitment has led to consistent recognition for excellence by our clients, our industry, the business world, and our employees Commitment to safety Put safety first for yourself…
  5. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 5
    FY2020 SECOND QUARTER RECENT DEVELOPMENTS Backlog of 872 million on project awards of 197 million; REVENUE LIQUIDITY subsequent significant selections in Storage 319M down 6.4% over the prior year 277M includes cash of 110…
  6. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 6
    LEVERAGING OUR BRAND FROM TANKS TO TERMINALS Storage Solutions Building opportunity pipeline in LNG and crude infrastructure Recent developments Generated revenue of 142.8 million in FY20 Q2 and 111.7 million in awards Duke Energys…
  7. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 7
    EXPANDING MARKET SHARE WITH NEW AND EXISTING CLIENTS Quality performance is building the brand Oil, Gas & Chemical 18.0% Recent developments of 872M total backlog Generated revenue of 56.0 million in FY20 Q2 and 44.4 million in…
  8. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 8
    OPERATING IMPROVEMENT PLAN ONGOING Focused on corrective actions to improve performance Electrical Infrastructure 6.3% Recent developments of 872M total backlog Generated revenue of 30.0 million in FY20 Q2 and 12.8 million in…
  9. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 9
    ELECTRICAL IMPROVEMENT PLAN AND OUTLOOK Electrical Infrastructure ( in Billions) U.S. Shareholder-owned Utilities Largest Planned T&D Capex, 2019 - 2023 Upgrade leadership and project execution 28 160 talent to support business…
  10. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 10
    STRATEGIC DECISION TO FOCUS AWAY FROM IRON AND STEEL Industrial Remain opportunistic in other industrial markets Recent developments 6.5% of 872M total backlog Generated revenue of 90.0 million in FY20 Q2 and 28.4 million in awards…
  11. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 11
    BIG PICTURE VISION AND STRATEGIC OBJECTIVES IMPROVE OVERALL PROJECT AND BUSINESS PROFITABILITY AND PREDICTABILITY ATTACK THE GAS VALUE CHAIN EXPAND REFINING AND Mid-stream processing nationwide CHEMICAL/PETROCHEMICAL Specialty vessels…
  12. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 12
    MEASURING OUR SUCCESS Our key performance long-term targets OUR EMPLOYEES COME FIRST KEY FINANCIAL TARGETS 0 < 6% < 5.5% TRIR / Safety New Working Capital SG&A target 40 4.5% 12% Average annual training hours Operating Margin…
  13. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 13
    DRIVING LONG-TERM VALUE WE DEFINE LONG-TERM VALUE WITH THESE KEY ELEMENTS: BUSINESS PERFORMANCE - Creates consistent earnings and generates cash, and results in high quality backlog, client satisfaction, growth, and diversification…
  14. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 14
    Financial slides
  15. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 15
    FY 2020 UPDATED GUIDANCE Revenue Guidance Adjusted Earnings Guidance 1.2 - 1.3 billion 0.70 to 0.90 per fully diluted share Excludes 2Q goodwill and intangible impairments, the valuation on certain deferred tax assets and…
  16. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 16
    FISCAL 2020 SECOND QUARTER RESULTS ( in thousands, except EPS) 2Q20 2Q19 GAAP Based Measures Revenue 318,677 340,568 Gross profit 30,001 9.4% 27,886 8.2% SG&A 23,165 7.3% 22,359 6.6% Operating income (loss) (31,679) -9.9% 5,527…
  17. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 17
    SEGMENT RESULTS ( in thousands) Electrical Oil Gas & Storage 2Q20 Infrastructure Chemical Solutions Industrial TOTAL Revenue 30,030 55,992 142,769 89,886 318,677 Gross Profit (2,880) 4,197 19,775 8,909 30,001 Gross Margin -9.6%…
  18. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 18
    FISCAL 2020 YEAR-TO-DATE RESULTS ( in thousands, except EPS) FISCAL 20 YTD FISCAL 19 YTD GAAP Based Measures Revenue 656,774 659,079 Gross profit 62,466 9.5% 51,307 7.8% SG&A 46,856 7.1% 43,560 6.6% Operating income (loss)…
  19. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 19
    BACKLOG AT DECEMBER 31, 2019 1,219 1,098 1,082 Strong opportunity and market expansion pipeline 264 across all segments 249 206 872 57 Q2 2020 backlog does not include two significant 682 subsequent selections: 91 613 635 Recent…
  20. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 20
    BALANCED CAPITAL ALLOCATION STRATEGY Our strong balance sheet allows us to fund our business while weathering cyclical downturns and returning value to our shareholders 350 308 300 277 243 242 250 231 168 200 175 175 166…
  21. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 21
    Appendix
  22. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 22
    RECONCILIATION OF NON-GAAP MEASURES Three Months Ended Six Months Ended December 31, 2019 December 31, 2019 Earnings Earnings Income Tax Amount of Net Income (Loss) Per Net Income (Loss) Per Effect of Charge (Loss) Diluted (Loss)…
  23. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 23
    EPS EARNINGS GUIDANCE RECONCILIATION Earnings Guidance Low High Full year fiscal 2020 guidance for loss per diluted common share (0.65 ) (0.45 ) Electrical Infrastructure segment goodwill impairment, net of tax 0.74 0.74 Industrial…
  24. Second Quarter Energy December 31 2019 – Matrix Service Company – slide 24
    ADJUSTED EBITDA ( in thousands) Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, 2019 2018 2019 2018 (In thousands) Net income (loss) (28,008 ) 3,932 (21,857 ) 6,237 Goodwill and other…

From the store

Browse maps, data & reports in the Shale Experts store