Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Q3 2014 Earnings Presentation
22 slides from Fti Consulting's earnings presentation, 2014
Slide 1: FTI Consulting, Inc. Third Quarter 2014 Earnings Conference Call
FTI Consulting, Inc. Third Quarter 2014 Earnings Conference Call
Slide 2: Cautionary Note About Forward-Looking Statements
Cautionary Note About Forward-Looking Statements This presentation includes "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, as amended, which involve uncertainties and risks. Forward-loo
Slide 3: Today's Speakers
Today’s Speakers Steven Gunby David Johnson President & Chief Executive Officer Chief Financial Officer 3
Slide 4: Third Quarter 2014 Financial Review
Third Quarter 2014 Financial Review All numbers in $000s, except for per share data and percentages Q3 2014 Q2 2014 % Variance Q3 2013 % Variance Revenues $ 451,178 $ 454,324 (0.7%) $ 414,643 8.8% Fully Diluted Earnings Per Share $ 0.55 $ 0.42 - ($1.29) - Adjusted Earnings Per Diluted Share(1) $ 0.6
Slide 5: Third Quarter 2014 Segment Financial Review
Third Quarter 2014 Segment Financial Review All numbers in $000s, except for percentages Q3 2014 Q2 2014 Q3 2013 Corporate Finance/Restructuring Revenue $ 100,041 $ 104,020 $ 93,981 Adjusted Segment EBITDA(1) $ 15,534 $ 19,133 $ 19,402 Adjusted Segment EBITDA Margin(2) 15.5% 18.4% 20.6% Forensic & L
Slide 6: Financial Tables
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Slide 7: Third Quarter 2014 Results: Condensed Consolidated Statements of Comprehensive Income (Loss)
Third Quarter 2014 Results: Condensed Consolidated Statements of Comprehensive Income (Loss) All numbers in $000s, except for per share data Three Months Ended September 30, 2014 (unaudited) 2013 (unaudited) Revenues $451,178 $414,643 Operating expenses Direct cost of revenues 293,244 255,152 Sellin
Slide 8: YTD 2014 Results: Condensed Consolidated Statements of Comprehensive Income (Loss)
YTD 2014 Results: Condensed Consolidated Statements of Comprehensive Income (Loss) All numbers in $000s, except for per share data Nine Months Ended September 30, 2014 (unaudited) 2013 (unaudited) Revenues $1,331,054 $1,236,434 Operating expenses Direct cost of revenues 863,068 773,160 Selling, gene
Slide 9: Third Quarter 2014 Results: Operating Results by Business Segment
Third Quarter 2014 Results: Operating Results by Business Segment All numbers in $000s, except for rate per hour and headcount data Average Billable Revenue-Generating Three Months Ended September 30, 2014 Revenues Adjusted EBITDA (1) Margin (1) Utilization Headcount (at period Rate end) Corporate F
Slide 10: YTD 2014 Results: Operating Results by Business Segment
YTD 2014 Results: Operating Results by Business Segment All numbers in $000s, except for rate per hour and headcount data Average Billable Revenue-Generating Nine Months Ended September 30, 2014 Revenues Adjusted EBITDA (1) Margin(1) Utilization Headcount (at period Rate end) Corporate Finance/Restr
Slide 11: Third Quarter 2014: Reconciliation of Non-GAAP Financial Measures
Third Quarter 2014: Reconciliation of Non-GAAP Financial Measures All numbers in $000s, except for per share data Three Months Ended September 30, 2014 2013 Net income (loss) $22,522 ($50,621) Add back: Special charges, net of tax effect (1) 3,154 6,847 Goodwill impairment charges (2) - 83,752 Less:
Slide 12: Second Quarter 2014: Reconciliation of Non-GAAP Financial Measures
Second Quarter 2014: Reconciliation of Non-GAAP Financial Measures All numbers in $000s, except for per share data Three Months Ended June 30, 2014 2013 Net Income $17,247 $23,486 Add back: Special charges, net of tax effect (1) 5,523 - Remeasurement of acquisition-related contingent consideration,
Slide 13: YTD 2014: Reconciliation of Non-GAAP Financial Measures
YTD 2014: Reconciliation of Non-GAAP Financial Measures All numbers in $000s, except for per share data Nine Months Ended September 30, 2014 2013 Net income (loss) $57,886 ($3,455) Add back: Special charges, net of tax effect (1) 8,676 7,100 Goodwill impairment charges (2) - 83,752 Remeasurement of
Slide 14: Third Quarter 2014: Reconciliation to Adjusted EBITDA
Third Quarter 2014: Reconciliation of Net Income (Loss) and Operating Income (Loss) to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Unallocated Finance/ Litigation Technology Total Consulting Communications Corporate Three Months Ended September 30, 2014 Restructuri
Slide 15: Second Quarter 2014: Reconciliation to Adjusted EBITDA
Second Quarter 2014: Reconciliation of Net Income and Operating Income (Loss) to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Unallocated Finance/ Litigation Technology Total Consulting Communications Corporate Three Months Ended June 30, 2014 Restructuring Consulti
Slide 16: YTD 2014: Reconciliation to Adjusted EBITDA
YTD 2014: Reconciliation of Net Income (Loss) and Operating Income (Loss) to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Unallocated Finance/ Litigation Technology Total Consulting Communications Corporate Nine Months Ended September 30, 2014 Restructuring Consulti
Slide 17: Appendix
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Slide 18: Third Quarter 2014 Awards & Accolades
Third Quarter 2014 Awards & Accolades David Rush Named a 40 Michael R. Pace Named to The National Law Journal's Under 40 Award Winner by Inaugural List of 50 Governance, Risk & Compliance the Houston Business Trailblazers & Pioneers Journal Ringtail E-Discovery The National Association of Corporate
Slide 19: FTI Consulting Executive Leadership Team
FTI Consulting Executive Leadership Team Eric B. Miller Steven H. Gunby David M. Johnson Executive Vice President & Chief Chief Financial President, Executive Officer Officer General Counsel & Chief Risk Officer Paul Linton Holly Paul Adam S. Bendell Chief Strategy & Chief Human Chief Innovation Tra
Slide 20: FTI Consulting Business Leadership Team
FTI Consulting Business Leadership Team Robert Duffy Neal Hochberg John Klick Global Segment Leader, Corporate Global Segment Global Segment Finance/ Leader, Forensic & Leader, Economic Litigation Consulting Consulting Restructuring Ken Barker Seth Rierson Ed Reilly Global Practice Global Segment Gl
Slide 21: End Notes: FTI Consulting Non-GAAP Data Reconciliations
End Notes: FTI Consulting Non-GAAP Data Reconciliations Beginning with the quarter ended March 31, 2014, the definitions of each of these non-GAAP measures have been updated to exclude the impact of changes in the fair value of acquisition-related contingent consideration liabilities. Prior period a
Slide 22: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™