tray ivey - bmss.com · tray ivey deshazo, llc executive vice president 200 kilsby circle bessemer,...

Tray Ivey

Deshazo, LLC

Executive Vice President

200 Kilsby Circle

Bessemer, AL 35022

(205) 621-1217

tivey@deshazo.com

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• COVID-19 Outbreak at DESHAZO Facilities

• Significant Order Cancellations

• Government-Imposed Travel Restrictions

• Customer Facility Shutdowns/Lockdowns

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RESPONSE:

• Employee Communication

• Hygiene Focus

• Workplace Protection

REALITY TO DATE:

• Zero confirmed COVID-19 cases company wide.

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RESPONSE:

• Customer Communication

• Production Schedule Flexibility

REALITY TO DATE:

• Several small order cancellations

• One large project delayed indefinitely

• New order intake down 49% since March 11

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RESPONSE:

• Customer Communication

• Essential Services Documentation

REALITY TO DATE:

• Only one instance of DESHAZO employee denied access by law

enforcement.

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RESPONSE:

• Customer Communication

• Service Technician Flexibility

REALITY TO DATE:

• Extreme Variability: Regionally and between customers

• Technician recovered hours down 18% post March 11

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OPTIMISM:

• Backlog Efficiency Improvement

• Customer Facility Access Stabilizing

• Long Lead Order Activity Returning

CAUTION:

• Workforce exposure to COVID-19

• Industry downturn (oil/gas/petro) outlasting pandemic

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ELEVATED THINKING.

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Alex Morton

iberiaBank

Birmingham Market President

2340 Woodcrest Place

Birmingham, AL 35209

(205) 803-5803

alex.morton@iberiabank.com

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13Confidential. Please see the disclosures at the end of this presentation.

14Confidential. Please see the disclosures at the end of this presentation.

15Confidential. Please see the disclosures at the end of this presentation.

16Confidential. Please see the disclosures at the end of this presentation.

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✓Purchasing Manager’s Indices

have fallen worldwide as the

coronavirus and lockdowns

undermine the global

economy. Readings above 50

signal positive economic

growth, while a reading below

50 signals a decline in

economic growth. These

indices are normally predictive

of future growth and are

suggesting global growth

contracts further in the coming

months.

Confidential. Please see the disclosures at the end of this presentation.

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✓Credit spreads expanded quickly in March

and have narrowed some in April, but are still

wider than at the beginning of the year. Wider

spread indicates credit investors expect

weaker future growth and therefore higher

probability of default on credit securities.

✓The Price to Earnings (P/E) ratio has

recovered to a greater degree than corporate

credit. The P/E ratio is the price investor’s are

willing to pay per dollar of company earnings.

It also is indicative of investors’ expectations.

In general, investors willing to buy stocks at a

higher P/E suggest that they expect higher

future earnings growth in the future.

✓The market P/E is now higher than what it

was prior to the pandemic.

Confidential. Please see the disclosures at the end of this presentation.

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➢Unemployment/Warn act layoffs

➢ Inventory/Backlog

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Representative Holdings:

The investments presented are examples of the securities held, bought, and/or sold in IBERIA Wealth Advisors Portfolios during the last 30 days. These investments may not be representative of the current or

future investments of that portfolio. You should not assume that investments in the securities identified in this article were or will be profitable. We will furnish, upon your request, a list of all securities purchased,

sold, or held in the composite during the 12 months preceding the date of this article. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the

securities presented.

Performance:

Performance shown is for a model portfolio gross of management and transaction fees and reflects the inclusion of dividends received but not reinvested. These fees, and any others associated with the

administration of a client’s account, will reduce investment performance. For illustration purposes, a portfolio that earned 7% per year for ten years would experience a cumulative return of 96.7% before investment

management and fiduciary fees and 67.9% net of such fees, assuming a 37.5 basis point (0.375%) fee per quarter. Annual fees for managing fiduciary accounts are 1.5% on the first $500,000, 1.3% on the second

$500,000, 0.90% on the next million, 0.80% on the next million, and 0.70% on amounts over $3 million. Actual client fees charged will vary depending upon the asset value invested and services performed and

may be lower or higher than the account fee illustrated here. Performance results contained in the presentation are obtained by contemporaneous application of a model and do not reflect trading in actual client

accounts. Client portfolios or portions of a client portfolio are subscribed to the model, and generally, when changes are made to the model, the corresponding changes will be made to the client’s account.

However, deviations may occur. Factors impacting client returns include individual risk tolerance, restrictions a client may place on the account, investment objectives, choice of broker/dealers or custodians, as well

as other factors.

Views are as of the date above and are subject to change based on market conditions and other factors. This presentation is not an offer or solicitation to buy or sell securities. The information contained in this

presentation has been compiled from third party sources and is believed to be reliable, but its accuracy is not guaranteed and should not be relied upon in any way, whatsoever. IBERIA Wealth Advisors Portfolio

characteristics and holdings are subject to change at any time and are based on a representative model portfolio. Holdings and portfolio characteristics of individual client portfolios may differ, sometimes

significantly, from those shown. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities listed. Diversification and asset allocation

do not assure a profit nor protect against loss.

Portfolio characteristics presented throughout this presentation represent those of a model portfolio and not those of actual invested assets. Actual invested portfolios characteristics will differ from model

characteristics due to the timing of portfolio cash flows, transaction costs, fees, or other unique characteristics of individual client portfolios. Model characteristics are a function of the market environment. If this

environment were to materially change, model characteristics would reflect these changes. Model holding may change at any time. The percentages in the charts may not add to 100% due to rounding. The actual

return and value of an account may fluctuate and, at any time, the account may be worth more or less than the amount invested. Bond Investments are affected by interest rate changes and the creditworthiness of

the issues held in the portfolio. A rise in interest rates will cause a decrease in the value of fixed income positions.

Past performance results are not indicative of future results.

Investment Products: • Not FDIC Insured • Not a Bank Deposit • Not Insured By Any Federal Government Agency • No Bank Guarantee • May Lose Value

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Kyle T. Smith

Sirote

Attorney at Law

2311 Highland Avenue South

Birmingham, AL 35205

(205) 930-5190

ksmith@sirote.com

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• Providing a safe workplace for employees

• Limiting legal liability for injury claims from employees and others

• Compliance with applicable leave and anti-discrimination laws upon

return to work

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• Comply with all applicable state and local health orders

• Alabama State Health Officer’s Amended Safer At Home Order

• Applicable local law, such as City of Birmingham Mask Ordinance

• Follow OSHA Guidance

• Follow CDC Recommendations

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• Protections for Employees Effective May 11, 2020

• Maintaining 6 feet of separation between employees

• Regularly disinfecting frequently used items and surfaces

• Encouraging handwashing

• Preventing sick employees from coming into contact with others

• Facilitating remote working arrangements

• Minimizing employee travel

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• No specific OSHA standard for COVID-19

• General Duty Clause—requires all employers to provide workplace free

from recognized hazards likely to cause death or serious physical harm

• Personal Protective Equipment Standards

• Employer responsible for cost

• Training required

• Cloth face covering not considered PPE

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• Guidance on Preparing Workplaces for COVID-19

• Develop an infectious disease preparedness and response plan

• Implement basic infection prevention measures

• Policies and procedures for identification and isolation of sick people

• Implement workplace controls (Engineering, Administrative, Safe Work

Practices)

• Communicate about workplace flexibilities and protections

• Measures to adopt vary depending on the risk of worker exposure

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• Interim Guidance for Businesses and Employers Responding to Coronavirus Disease

• Updated May 6, 2020 and includes information on:

• Conducting daily health checks

• Conducting hazard assessment of worksite

• Encouraging employees to wear cloth face coverings

• Implementing social distancing practices

• Improving building ventilation

• Table outlining engineering and administrative controls and PPE

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• Workers’ Compensation Laws

• Accident that causes physical injury

• Occupational Disease

• Workers’ Compensation is a bar to personal injury tort claims

• Exception for co-employee claims based on willful conduct

• Workers’ Compensation bar does not apply to claims by non-employees

• Potential for federal and state legislation providing additional immunity

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• Employers may not discriminate based on age, disability or other legally

protected class

• Employers must reasonably accommodate employees with disabilities

• Age (without disability) does not require accommodation

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• EEOC has issued guidance to employers regarding legally compliant

procedures

• Health information requests

• Temperature checks

• COVID-19 tests/anti-body tests

• Confidentiality of information

• Reasonable accommodation based on disability/religion

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• Family Medical Leave Act (FMLA)

• Families First Coronavirus Response Act (FFCRA)

• Employers with less than 500 employees

• Emergency paid sick leave (up to 80 hours)

• Expanded family and medical leave (up to 12 weeks)

• Employer reimbursed through tax credits

• Must post notice to employees

35No representation is made that the quality of legal services to be performed is greater than the quality of legal services provided by other lawyers.

© 2015 Sirote & Permutt, P.C. All Rights Reserved. 35

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Mayor Thomas “Tommy” Battle, Jr.

City of Huntsville

The 67th Mayor of the City of Huntsville

City Hall, 8th Floor

308 Fountain Circle

Huntsville, AL 35801

(256) 427-5000

Contact@HuntsvilleAL.gov

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To ask a question, please use the Q&A Button at the bottom of your Zoom screen or

email us at marketing@bmss.com.

Kyle Smith

Sirote

(205) 930-5190

KSmith@Sirote.com

Tray Ivey

DESHAZO, LLC

(205) 621-1217

tivey@deshazo.com

Alex Morton

iberiaBank

(205) 803-5803

alex.morton@iberiabank.com

Mayor Thomas “Tommy” Battle, Jr.

City of Huntsville

(256) 427-5000

Contact@HuntsvilleAL.gov

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CPE certificates will be emailed 1-2 weeks after each event. Please note, they will be sent via email

so you must be individually registered with an email address to receive your certificate.