|
Exhibit 99.3 
|
27TH ANNUAL ROTH CONFERENCE
Sidney Hinton Chief Executive Officer
March 10, 2015
1
Forward-Looking Statements Safe Harbor–
All forward-looking statements made or referred to in this presentation are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are all statements other than statements of historical facts and include beliefs, opinions, estimates, expectations and projections about future business developments, opportunities, financial guidance, prospects, and outlook, are not guarantees of future performance or events but are based upon current assumptions and subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed, projected or implied, including risks and uncertainties set forth in the Company’s SEC filings, including but not limited to the Company’s most recent Form 10-K and subsequent SEC filings including reports on Form 8-K and Form 10-Q. Any forward-looking statements in this presentation speak only as of the date hereof and are subject to change, and the Company assumes no duty or obligation to update or revise any forward-looking statements.
2
What You Will Hear Today
1. Who we are
2. Where we have been
3. Where we are now
4. Where we are going
3
What You Will Hear Today
1. Who we are
2. Where we have been
3. Where we are now
4. Where we are going
4
Who We Are
POWR Wake Headquarters: Forest, NC
$368 million $257 million
48% Record backlog Trailing 12 month revenues
Percentage of >750 Strong Record 4th Quarter
year-over-year balance
backlog growth employees sheet revenues of $81.7 million
Focused on Operational Excellence
5
Who We Are: Utility Focused
Distributed
Utility
Generation
Infrastructure
Systems
Solutions
Energy Efficiency
Products/Services
6
What You Will Hear Today
1. Who we are
2. Where we have been
3. Where we are now
4. Where we are going
7
Where We Have Been:
Building and Growing our Business
400
350
300
Millions 250
in 200
150
CAGR 29.4%
Revenue 100
50
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
8
2014: Difficult Start ? Strong Execution Builds 2015 Platform
May 2014
Unprofitable utility contract Backlog/pipeline decline Need to add DG backlog/pipeline
Need to improve LED GMs
Focus on operational excellence
Q2-Q4 2014 Action Taken
Renegotiated in June 2014
Built backlog to record levels
Added $203.5M + MC team
– DG backlog + 39% y-o-y
Q4 2014 GM = 41.8% (+20.7pp)
– FY 2014 LED GMs +12 pp y-o-y UI GM improves: 10% to 18%
9
What You Will Hear Today
1. Who we are
2. Where we have been
3. Where we are now
4. Where we are going
10
Where We Are Now: Solid Q4 Execution
Revenues of $81.7 million (vs. guidance of $67-$72 million) Gross margin of 25.8% (vs. guidance of 25-26%) GAAP EPS of $0.02 (vs. guidance of $0.00-$0.05) Record backlog grows to $368 million (vs. $248 million at Mar 2014)
$33.8 million in cash, $22.5 million in term debt and capital leases, nothing drawn on $20 million revolving credit facility
Realigned management team to drive operational excellence and deliver strong operating margins
Third consecutive quarter of sequential improvement in operating margins
11
Recent Acquisitions Add Value: Solar
Purchased solar business for $4M in June 2012
$22.6M in FY 2014 solar revenues
+ $140 M to backlog since mid-2014
- Includes $120M project w/large IOU
Accretive to net income & EPS In-house turnkey EPC capability Strategic offering integrated into microgrid solutions
12
Recent Acquisitions Add Value: Energy Efficiency Services
Paid ~$6M for EES capabilities in 2013/14
Serve super-ESCOs with lighting, mechanical, water and building envelope solutions to deliver savings
Added retail capability in 2014
Q4 2014: $9M in revenues,
28.8% ESCO GM (retail EES >40%)
Opens new customer channels for DG and LED lighting solutions
Recently sold 1st DG system through ESCO customer channel
13
Recent Acquisitions Add Value: Solais
Purchased Solais lighting business for $15 M
April 2013
Significant sourcing and manufacturing expertise Adding substantial efficiencies to manufacturing of PowerSecure’s existing LED solutions Q4 2014 LED GM: 41.8% = +20.7 pp y-o-y Outstanding proprietary portfolio of LED lamps and fixtures for C&I applications Superior light output, thermal management, optics, light quality and aesthetics
14
Recent Acquisitions Add Value: Mission Critical
Purchased for $13M in October 2014
$10M in backlog and $2.7M in revenue in partial Q4 2014
Full turnkey electrical infrastructure, design, implementation and commissioning to data center owners
Established market leader
Speeds access to key data center decision makers
15
What You Will Hear Today
1. Who we are
2. Where we have been
3. Where we are now
4. Where we are going
16
Where We Are Going: 2015 Focus Areas
1. Relentless pursuit of operational excellence in everything we do
2. Expand our operating margins to drive EPS in 2015 and beyond
3. Grow pipeline of opportunities for 2016 and convert them to backlog
17
Where We Are Going:
Building and Growing our Business
400
350
300
Millions 250
in 200
150
CAGR 29.4%
Revenue 100
50
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
18
THANKYOU
19