Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

WILLIAMS INDUSTRIAL SERVICES GROUP INC.

(WLMS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Williams Industrial Services : Investor Presentation

06/23/2021 | 03:30pm EDT

Investor Presentation

June 2021

Tracy Pagliara

Randy Lay

President and CEO

Senior VP & CFO

NYSE American: WLMS

Your Trust. Our Passion.

Company Confidential

Cautionary Notes

Forward-looking Statement Disclaimer

This presentation contains "forward-looking statements" within the meaning of the term set forth in the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements or expectations regarding the Company's ability to perform in accordance with guidance, build and diversify its backlog and convert backlog to revenue, realize opportunities, including receiving contract awards on outstanding bids and successfully pursuing future opportunities, benefit from potential growth in the Company's end markets, including the possibility of increased infrastructure spending by the U.S. federal government, and successfully achieve its growth and strategic initiatives, including decreasing the Company's outstanding indebtedness, future demand for the Company's services, and expectations regarding future revenues, cash flow, and the Company's Indian Point project opportunity, and other related matters. These statements reflect the Company's current views of future events and financial performance and are subject to a number of risks and uncertainties, some of which have been, and may further be, exacerbated by the COVID- 19 pandemic, including the Company's level of indebtedness and ability to make payments on, and satisfy the financial and other covenants contained in, its debt facilities, as well as its ability to engage in certain transactions and activities due to limitations and covenants contained in such facilities; its ability to generate sufficient cash resources to continue funding operations and the possibility that it may be unable to obtain any additional funding as needed or incur losses from operations in the future; exposure to market risks from changes in interest rates; failure to maintain effective internal control over financial reporting and disclosure controls and procedures; the Company's ability to attract and retain qualified personnel, skilled workers, and key officers; failure to successfully implement or realize its business strategies, plans and objectives of management, and liquidity, operating and growth initiatives and opportunities, including its expansion into international markets and its ability to identify potential candidates for, and consummate, acquisition, disposition, or investment transactions; the loss of one or more of its significant customers; its competitive position; market outlook and trends in the Company's industry, including the possibility of reduced investment in, or increased regulation of, nuclear power plants, declines in public infrastructure construction, and reductions in government funding; the failure of the U.S. Congress to pass infrastructure-related legislation benefiting the Company's end markets; costs exceeding estimates the Company uses to set fixed-price contracts; harm to the Company's reputation or profitability due to, among other things, internal operational issues, poor subcontractor performances or subcontractor insolvency; potential insolvency or financial distress of third parties, including customers and suppliers; the Company's contract backlog and related amounts to be recognized as revenue; its ability to maintain its safety record, the risks of potential liability and adequacy of insurance; adverse changes in the Company's relationships with suppliers, vendors, and subcontractors; compliance with environmental, health, safety and other related laws and regulations; limitations or modifications to indemnification regulations of the U.S. or Canada; the Company's expected financial condition, future cash flows, results of operations and future capital and other expenditures; the impact of general economic conditions including the current economic disruption and any recession resulting from the COVID-19 pandemic; the impact of the COVID-19 pandemic on the Company's business, results of operations, financial condition, and cash flows, including the potential for additional COVID-19 cases to occur at the Company's active or future job sites, which potentially could impact cost and labor availability; information technology vulnerabilities and cyberattacks on the Company's networks; the Company's failure to comply with applicable laws and regulations, including, but not limited to, those relating to privacy and anti-bribery; the Company's participation in multiemployer pension plans; the impact of any disruptions resulting from the expiration of collective bargaining agreements; the impact of natural disasters and other severe catastrophic events (such as the ongoing COVID-19 pandemic); the impact of changes in tax regulations and laws, including future income tax payments and utilization of net operating loss and foreign tax credit carryforwards; volatility of the market price for the Company's common stock; the Company's ability to maintain its stock exchange listing; the effects of anti-takeover provisions in the Company's organizational documents and Delaware law; the impact of future offerings or sales of the Company's common stock on the market price of such stock; expected outcomes of legal or regulatory proceedings and their anticipated effects on the Company's results of operations; and any other statements regarding future growth, future cash needs, future operations, business plans and future financial results.

Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including the section of the Annual Report on Form 10-K for its 2020 fiscal year titled "Risk Factors." Any forward-looking statement speaks only as of the date of this press release. Except as may be required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and you are cautioned not to rely upon them unduly.

Non-GAAP Financial Measures

This presentation will discuss some non-GAAP financial measures, which the Company believes are useful in evaluating its performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. The Company has provided reconciliations of comparable GAAP to non-GAAP measures in tables found on the slides following the "Supplemental Information" slide of this presentation.

Company Confidential

Overview & Investment Thesis

  • A leading provider of infrastructure-related construction and maintenance services for blue-chip customers in the energy & industrial markets
  • Operations fully restructured, driving improved financial performance/outlook
  • Tremendous market opportunity with low-risk business model
    • More than 85% of contracts T&M
    • Demand largely immune to economic cycles and geopolitical disruptions
    • De minimis receivables collection and warranty risk
  • Solid and growing backlog - with comprehensive strategic plan in place to further diversify the Company and penetrate new end markets
    • Backlog as of May 31, 2021 approximately $635 million
    • Approximately $300 million of high-probability pipeline outstanding, of which additional $100+ million expected to be booked as backlog in 2021
  • Significant cash flow from operations, with minimal capital expenditures, and over $200 million of operating losses (NOLs) that reduce cash tax obligations
  • Completed refinancing - strengthening financial flexibility and lowering interest expense
  • Uplisted to the NYSE American Stock Exchange

Market Capitalization

$150M

Average Volume (3 mo.)

290,000

52-Week Price Range

$1.04 - $6.50

Common Shares Outstanding

25.3M

Recent Price

$5.99

Ownership:

Institutions

55%

Insiders

24%

Company

Some Historical Perspective

A restructured, streamlined, focused company…

New leadership hired to realign business operations & drive growth

Finalized sale and closure of non-core operations in 2016-18

Relocated HQ in 2018 - eliminated 30 permanent positions and reduced

SG&A by $17.6M

Implemented enhanced corporate governance structure with updated

internal controls; eliminated material weaknesses

Put in place strategic growth initiatives to penetrate new markets

and diversify backlog

Recapitalized balance sheet, refinanced credit facilities and uplisted to the NYSE

American Stock Exchange

Company Confidential

A Diverse Array of Infrastructure Offerings

Capital and maintenance and modification projects and new construction

Protective coatings and linings

Outages, shutdowns and turnarounds

Insulation

Capital construction and upgrades

Pumping stations, blowers

Staff and craft labor

Asbestos and lead paint abatement

Welding, machining, safety and quality services

Roofing and siding systems

Emergency repair services

Material condition upgrade programs

Civil, mechanical and electrical installation and repairs

Fire protection systems

Boiler/steam generator service and repair

Valve & turbine maintenance and repairs

Substations

Wastewater system maintenance and upgrades

Nuclear Plants

Pulp & Paper Mills

Fossil Plants

Chemical Terminals &

Energy Delivery

Wastewater

Stations

(Tunnels)

Treatment Plants

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Williams Industrial Services Group Inc. published this content on 23 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2021 19:14:09 UTC.


ę Publicnow 2021
All news about WILLIAMS INDUSTRIAL SERVICES GROUP INC.
08/30WILLIAMS INDUSTRIAL SERVICES : to Participate in Upcoming Investor Events
BU
08/18WILLIAMS INDUSTRIAL SERVICES : Q2 2021 Financial Results Presentation
PU
08/18WILLIAMS INDUSTRIAL SERVICES : Management's Discussion and Analysis of Financial Condition..
AQ
08/18WILLIAMS INDUSTRIAL SERVICES : Q2 Earnings Snapshot
AQ
08/18WILLIAMS INDUSTRIAL SERVICES : Reports Second Quarter 2021 Financial Results (Form 8-K)
PU
08/18WILLIAMS INDUSTRIAL SERVICES GROUP I : Results of Operations and Financial Condition, Regu..
AQ
08/18WILLIAMS INDUSTRIAL SERVICES : Reports Second Quarter 2021 Financial Results
BU
08/18WILLIAMS INDUSTRIAL SERVICES : Earnings Flash (WLMS) WILLIAMS INDUSTRIAL SERVICES GROUP Re..
MT
08/18WILLIAMS INDUSTRIAL SERVICES : Earnings Flash (WLMS) WILLIAMS INDUSTRIAL SERVICES GROUP Po..
MT
08/18Williams Industrial Services Group Inc. Reaffirms Earnings Guidance for the Year 2021
CI
More news
Financials (USD)
Sales 2021 317 M - -
Net income 2021 6,34 M - -
Net Debt 2021 - - -
P/E ratio 2021 17,6x
Yield 2021 -
Capitalization 111 M 111 M -
Capi. / Sales 2021 0,35x
Capi. / Sales 2022 0,33x
Nbr of Employees 994
Free-Float 79,4%
Chart WILLIAMS INDUSTRIAL SERVICES GROUP INC.
Duration : Period :
Williams Industrial Services Group Inc. Technical Analysis Chart | WLMS | US96951A1043 | MarketScreener
Technical analysis trends WILLIAMS INDUSTRIAL SERVICES GROUP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 4,32 $
Average target price 6,93 $
Spread / Average Target 60,3%
EPS Revisions
Managers and Directors
Tracy D. Pagliara President, Chief Executive Officer & Director
Randall R. Lay CFO, Principal Accounting Officer & Senior VP
Robert Bruce Mills Chairman
Michael K. Powers President-Operations & Business Development
Drew Michael Reardon Director-Compliance & Safety