BrightView(BV) - 2020 Q4 - Earnings Call Presentation

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]