UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Common Stock, Par Value $0.01 Per Share BV New York Stock Exchange FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO | --- | --- | |----------------------------------------------------------------------------- ...

Brightview Holdings, Inc. (NYSE:BV) Q3 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants John Shave - VP, IR Andrew Masterman - President, CEO & Director John Feenan - EVP & CFO Conference Call Participants George Tong - Goldman Sachs Group Andrew Wittmann - Robert W. Baird & Co. Judah Sokel - JPMorgan Chase & Co. Samuel Kusswurm - William Blair & Company Shlomo Rosenbaum - Stifel, Nicolaus & Company Robert Labick - CJS Securities Operator Good day, and thank you for standing by. ...

| --- | --- | --- | --- | |-------|-------|------------------------------------------|-------| | | | | | | | | | | | | | Third Quarter Fiscal 2021 Earnings Call | | | | | | | | | | NYSE: BV | | | | | August 5, 2021 | | | | | | | | | | | | | | | | | Introductory Information Forward-Looking Statements This presentation contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that involve substantial ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38579 BrightView Holdings, Inc. (Exact name of Registrant as specified in its Charter) Delaware 46-4190788 ( State or other juri ...

Financial Performance & Guidance - BrightView's Q2 2021 revenue increased by 16.6% to $651.9 million, compared to $559.1 million in Q2 2020[26] - Adjusted EBITDA for Q2 2021 was $66.8 million, a 71.7% increase from $38.9 million in Q2 2020, with a margin increase of 320 bps to 10.2%[4, 28] - The company anticipates total revenue between $2.48 billion and $2.52 billion and Adjusted EBITDA between $302 million and $310 million[7, 8] - For the first half of FY2021, total revenue reached $1,206.3 million compared to $1,129.8 million in the first half of FY2020, and Adjusted EBITDA was $119.3 million compared to $90.5 million[29] Segment Performance - Maintenance Services revenue increased by 29.6% to $535.7 million in Q2 2021, compared to $413.5 million in Q2 2020[26] - Development Services revenue decreased by 20.0% to $117.1 million in Q2 2021, compared to $146.3 million in Q2 2020[26] - Maintenance Services Adjusted EBITDA increased by 77.6% with a 370 basis point margin expansion to 13.5%[28] - Development Services Adjusted EBITDA decreased by 23.2% with a 40 basis point contraction to 9.3%[28] M&A and Growth - BrightView completed 5 acquisitions during FY21, with a pipeline exceeding $400 million in revenue[5] - The company's annualized revenue in 2021 from acquisitions is approximately $100 million[12] - The company experienced 10% organic growth in its contract snow book of business[4] Leverage and Liquidity - BrightView's leverage ratio as of Q2 2021 was 3.5x, with total liquidity of $401.5 million[4] - Net debt to TTM Adjusted EBITDA ratio improved to 3.5x at Q2 2021 from 4.1x at Q2 2020[32] - Total liquidity increased to $401.5 million as of March 31, 2021, compared to $235.5 million as of March 31, 2020[33]

BrightView Holdings, Inc. (NYSE:BV) Q2 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Company Participants John Shave – Vice President of Investor Relations John Feenan – Executive Vice President and Chief Financial Officer Andrew Masterman – President and Chief Executive Officer Conference Call Participants George Tong – Goldman Sachs Andy Wittmann – Baird Tim Mulrooney – William Blair Hamzah Mazari – Jefferies Bob Labick – CJS Securities Judah Sokel – JPMorgan Operator Good day and thank you for st ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38579 | --- | --- | |---------------------------------------------------------------------------------------------------|------ ...

BrightView Holdings, Inc. (NYSE:BV) Q1 2021 Earnings Conference Call February 4, 2021 10:00 AM ET Company Participants John Shave – Vice President-Investor Relations Andrew Masterman – Chief Executive Officer John Feenan – Chief Financial Officer Conference Call Participants Shlomo Rosenbaum – Stifel Tim Mulrooney – William Blair George Tong – Goldman Sachs Andrew Wittmann – Baird Hamzah Mazari – Jefferies Kevin McVeigh – Crédit Suisse Sam England – Berenberg Bob Labick – CJS Securities Operator Ladies and ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements of BrightView Holdings, Inc. for the quarter ended December 31, 2020, including balance sheets, statements of operations, comprehensive income (loss), stockholders' equity, and cash flows, along with detailed notes explaining accounting policies, revenue recognition, debt, equity, and segment information [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheets (In millions) | Assets/Liabilities (In millions) | Dec 31, 2020 | Sep 30, 2020 | |:---------------------------------|:-------------|:-------------| | **Assets:** | | | | Cash and cash equivalents | $81.6 | $157.1 | | Accounts receivable, net | $346.2 | $319.2 | | Unbilled revenue | $74.6 | $94.6 | | Total current assets | $567.6 | $633.1 | | Property and equipment, net | $255.8 | $251.5 | | Intangible assets, net | $223.9 | $221.3 | | Goodwill | $1,900.3 | $1,859.3 | | Total assets | $3,057.2 | $3,071.0 | | **Liabilities:** | | | | Accounts payable | $117.4 | $116.8 | | Current portion of long-term debt| $10.4 | $12.3 | | Deferred revenue | $67.1 | $57.1 | | Total current liabilities | $432.3 | $450.1 | | Long-term debt, net | $1,125.8 | $1,127.5 | | Total liabilities | $1,788.5 | $1,799.5 | | **Stockholders' Equity:** | | | | Total stockholders' equity | $1,268.7 | $1,271.5 | | Total liabilities and equity | $3,057.2 | $3,071.0 | - Total assets decreased from **$3,071.0 million** to **$3,057.2 million**, primarily due to a decrease in cash and cash equivalents from **$157.1 million** to **$81.6 million**[15](index=15&type=chunk) - Goodwill increased from **$1,859.3 million** to **$1,900.3 million**, reflecting recent acquisitions[15](index=15&type=chunk) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Consolidated Statements of Operations (In millions, except per share data) | (In millions, except per share data) | Three Months Ended Dec 31, 2020 | Three Months Ended Dec 31, 2019 | |:-------------------------------------|:--------------------------------|:--------------------------------| | Net service revenues | $554.4 | $570.7 | | Cost of services provided | $420.8 | $427.7 | | Gross profit | $133.6 | $143.0 | | Selling, general and administrative expense | $123.3 | $130.3 | | Amortization expense | $13.9 | $13.5 | | (Loss) from operations | $(3.6) | $(0.8) | | Interest expense | $13.6 | $17.4 | | Net (loss) | $(12.0) | $(12.6) | | Basic and diluted (Loss) per share | $(0.11) | $(0.12) | - Net service revenues decreased by **$16.3 million** (**2.9%**) from **$570.7 million** in **2019** to **$554.4 million** in **2020**[17](index=17&type=chunk) - Net loss improved slightly from **$(12.6) million** in **2019** to **$(12.0) million** in **2020**, and loss per share improved from **$(0.12)** to **$(0.11)**[17](index=17&type=chunk) [Consolidated Statements of Comprehensive (Loss) Income](index=6&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20(Loss)%20Income) Consolidated Statements of Comprehensive (Loss) Income (In millions) | (In millions) | Three Months Ended Dec 31, 2020 | Three Months Ended Dec 31, 2019 | |:--------------|:--------------------------------|:--------------------------------| | Net (loss) | $(12.0) | $(12.6) | | Other comprehensive income | $3.6 | $2.1 | | Comprehensive (loss) | $(8.4) | $(10.5) | - Comprehensive loss improved from **$(10.5) million** in **2019** to **$(8.4) million** in **2020**, primarily due to higher other comprehensive income[20](index=20&type=chunk) [Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) Consolidated Statements of Stockholders' Equity (In millions) | (In millions) | Balance, Sep 30, 2020 | Net (loss) | Other comprehensive income, net of tax | Capital contributions and issuance of common stock | Equity-based compensation | Repurchase of common stock and distributions | Balance, Dec 31, 2020 | |:--------------|:----------------------|:-----------|:---------------------------------------|:---------------------------------------------------|:--------------------------|:---------------------------------------------|:----------------------| | Common Shares | 104.9 | — | — | 0.2 | — | — | 105.1 | | Stock Amount | $1.0 | — | — | $0.1 | — | — | $1.1 | | Additional Paid-In Capital | $1,467.8 | — | — | $1.7 | $4.9 | — | $1,474.4 | | Accumulated Deficit | $(187.9) | $(12.0) | — | — | — | — | $(199.9) | | Accumulated Other Comprehensive Loss | $(6.9) | — | $3.6 | — | — | — | $(3.3) | | Treasury Stock | $(2.5) | — | — | — | — | $(1.1) | $(3.6) | | Total Stockholders' Equity | $1,271.5 | $(12.0) | $3.6 | $1.8 | $4.9 | $(1.1) | $1,268.7 | - Total stockholders' equity decreased slightly from **$1,271.5 million** at September **30**, **2020**, to **$1,268.7 million** at December **31**, **2020**, primarily due to net loss and stock repurchases, partially offset by other comprehensive income and equity-based compensation[23](index=23&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows (In millions) | (In millions) | Three Months Ended Dec 31, 2020 | Three Months Ended Dec 31, 2019 | |:--------------|:--------------------------------|:--------------------------------| | Operating activities | $5.1 | $7.3 | | Investing activities | $(71.4) | $(31.9) | | Financing activities | $(9.2) | $(4.2) | | Net change in cash and cash equivalents | $(75.5) | $(28.8) | | Cash and cash equivalents, end of period | $81.6 | $10.3 | - Net cash provided by operating activities decreased from **$7.3 million** in **2019** to **$5.1 million** in **2020**[28](index=28&type=chunk) - Net cash used in investing activities significantly increased from **$(31.9) million** in **2019** to **$(71.4) million** in **2020**, primarily due to higher business acquisitions[28](index=28&type=chunk) - Cash and cash equivalents at period-end increased substantially from **$10.3 million** in **2019** to **$81.6 million** in **2020**, despite a larger net change in cash and cash equivalents[28](index=28&type=chunk) [Notes to Unaudited Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) [1. Business and Basis of Presentation](index=10&type=section&id=1.%20Business%20and%20Basis%20of%20Presentation) - BrightView Holdings, Inc. provides landscape maintenance, enhancements, development, and snow removal services for commercial customers across the U.S., operating through two segments: Maintenance Services and Development Services[31](index=31&type=chunk) - The financial statements are unaudited and prepared in accordance with GAAP for interim reporting, with management making estimates and assumptions that affect reported amounts[32](index=32&type=chunk)[33](index=33&type=chunk)[35](index=35&type=chunk) [2. Recent Accounting Pronouncements](index=10&type=section&id=2.%20Recent%20Accounting%20Pronouncements) - The Company adopted ASU No. **2016**-**13** (Credit Losses) and ASU No. **2018**-**13** (Fair Value Measurement) in Q**1** fiscal **2021**, neither of which had a material impact on financial statements[36](index=36&type=chunk)[39](index=39&type=chunk) - The Company is evaluating ASU No. **2019**-**12** (Income Taxes), effective Q**1** fiscal **2022**, and has applied hedge accounting expedients from ASU No. **202

Financial Performance & Guidance - Total revenue for FY2020 was $2346 million, a decrease from $2404.6 million in FY19[26] - Adjusted EBITDA for FY2020 was $271.6 million, compared to $305.1 million in FY19[26] - Free cash flow increased to a record $197.2 million in FY2020, up from $86.6 million in FY19[4, 29] - The company expects $525 million - $550 million in total revenue and $45 million - $49 million in adjusted EBITDA for 1Q FY2021[5] Revenue Streams - Maintenance contract-based revenue grew 3% in FY2020[3] - Development revenue grew 2.6% in FY2020[3] - Maintenance services revenue was $1739.1 million in FY20, down from $1813.4 million in FY19[26] - Development services revenue was $610.6 million in FY20, up from $595.4 million in FY19[26] Strategic Initiatives - The company deployed over $300 million in 22 acquisitions since January 2017[3] - The acquisition pipeline has over $400 million in revenue[3] - Net capital expenditures were 2.0% of revenue in FY2020, down from 3.5% in FY2019[3]