BrightView(BV) - 2025 Q1 - Earnings Call Presentation

Financial Performance - BrightView reported a ~4% decrease in total revenue, primarily driven by non-core business segments[23] - Total revenue was $5992 million in 1Q25, compared to $6267 million in 1Q24[23] - Adjusted EBITDA increased by ~12%, with a margin expansion of +120 bps[30] - Total Adjusted EBITDA reached $521 million in 1Q25, up from $467 million in 1Q24[30] - Net Financial Debt decreased from $8596 million in 1Q24 to $7661 million in 1Q25[32] Segment Performance - Development Services revenue increased by ~35%, driven by backlog conversion[23] - Development Services revenue was $1918 million in 1Q25, compared to $1854 million in 1Q24[23] - Maintenance Services experienced margin expansion of +140 bps[30] - Development Services saw margin expansion of +80 bps[30] Strategic Initiatives and Outlook - The company is reiterating FY25 guidance for total revenue between $2750 billion and $2840 billion, and adjusted EBITDA between $335 million and $355 million[8, 38] - Maintenance Land Revenue is expected to grow by +1% to +3% excluding Non-Core[39] - The company anticipates net capital expenditures of $140 million to $160 million[40]