Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2018 Earnings Presentation
13 slides from Booz Allen Hamilton's earnings presentation, Feb 5, 2018
Slide 1: Earnings Call Presentation Fiscal Year 2018, Third Quarter
EARNINGS CALL PRESENTATION Fiscal Year 2018, Third Quarter FEBRUARY 5, 2018
Slide 2: Call Participants
CALL HORACIO ROZANSKI PARTICIPANTS PRESIDENT AND CHIEF EXECUTIVE OFFICER LLOYD HOWELL CHIEF FINANCIAL OFFICER AND TREASURER CURT RIGGLE VICE PRESIDENT INVESTOR RELATIONS 1
Slide 3: Disclaimer
DISCLAIMER Forward Looking Safe Harbor Statement Certain statements contained in this presentation and in related comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include
Slide 4: Highlights
HIGHLIGHTS KEY PERFORMANCE INDICATORS • Maintaining position as the government services industry organic revenue growth leader (1) – Accelerating growth in Revenue, Excluding Billable Expenses compared to the prior year period – Raising full-year revenue and Adjusted Diluted EPS guidance • Experienc
Slide 5: Key Financial Results
KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2018 PRELIMINARY RESULTS T H I R D Q UA R T E R (1) Y E A R T O D AT E ( 1 ) Revenue $1.5 billion 6.8% Increase $4.5 billion 7.4% Increase Revenue, Excluding $1.1 billion 8.3% Increase $3.2 billion 7.0% Increase Billable Expenses Net Income $69.8 milli
Slide 6: Tax Reform Impact
TAX REFORM IMPACT E X P E C T F I S C A L 2 0 1 8 E F F E C T I V E TA X R AT E ~ 3 3 T O 3 4 % ; EXPECT FISCAL 2019 OF ~25 TO 27% NOTES: 1) The 21% federal statutory tax rate will Previous Fiscal 2018 Effective Tax Rate Guidance 37% - 38% predominately apply to the last three months of our fiscal 2
Slide 7: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH FLEXIBLE CAPITAL DEPLOYMENT STRATEGY • Strategy remains unchanged: - Convert approximately 100 percent of Adjusted Net Income to Free Cash Flow - Aim to deploy at least 100 percent of Free Cash Flow to support acquisitions, share repurchas
Slide 8: Financial Outlook
FINANCIAL OUTLOOK RAISING FULL YEAR GUIDANCE FISCAL 2018 FULL YEAR OUTLOOK Revenue Growth in the Range of 5.5 to 7.5 Percent Diluted EPS (1) $1.86 - $1.94 Adjusted Diluted EPS (1) $1.87 - $1.95 1) These EPS estimates are based on fiscal 2018 estimated average diluted shares outstanding of approximat
Slide 9: Appendix
APPENDIX 8
Slide 10: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • “Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not ind
Slide 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION (a) Reflects amortization of intangible assets resulting from the Acquisition for the three and nine months ended December 31, 2016. (b) Reflects debt refinancing costs incurred in connection with the refinancing transaction consummated on July 13, 2016. (c) Reflects t
Slide 12: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Third Quarter 2018 – Below is a summary of Booz Allen’s results for the fiscal 2018 third quarter and the key factors driving those results as compared to the third quarter of fiscal 2017: • Revenue increased by 6.8% to $1.50 billion primarily due to increased client
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Nine Months Ended December 31, 2017 – Booz Allen’s cumulative performance for the first three quarters of fiscal 2018 has resulted in: • Net cash provided by operating activities was $246.9 million as compared to $283.0 million in the prior year period. The decrease i
Booz Allen Hamilton Holding — Q3 FY2018 Earnings Presentation on 6ix