Caci International, Inc. · NYSE:CACI
Caci International — Q4 2024 Earnings Presentation
19 slides from Caci International's earnings presentation, Aug 8, 2024
Slide 1: CACI International Inc Q4 FY24 Earnings Conference Call
CACI International Inc Q4 FY24 Earnings Conference Call August 8, 2024 EXPERTISE and TECHNOLOGY for National Security
Slide 2: Forward-looking Statements
Forward-looking Statements There are statements made herein that do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to risk factors that cou
Slide 3: On Today's Call
On Today’s Call John Mengucci Jeff MacLauchlan President and Chief Financial Officer Chief Executive Officer and Treasurer 3 | EXPERTISE and TECHNOLOGY for National Security
Slide 4: FY24 Highlights
FY24 Highlights Predictable Profitability Efficient Flexible and organic revenue supportive management of opportunistic growth of continued working capital and capital investment capital expenditures deployment 14% revenue growth 10.7% underlying $384 million Strong financial (14% organic) EBITDA1 m
Slide 5: Business Development
Business Development Investing Ahead of Need; “Bid Less, Win More”; Focus on Larger, Longer-Duration Opportunities $5.4 billion Seven awards greater of Q4 awards than $1 billion in the past Robust pipeline of two years supporting new opportunities 2.7x Book-to-Bill long-term growth Winning in the Ma
Slide 6: Executing Our Strategy
Executing Our Strategy NCAPS TLS Manpack Key Expertise Awards Agile-at-Scale to standardize Software defined technology Intelligence analysis and and centralize software for the Army to dominate the operational support to development for NASA electromagnetic spectrum U.S. Army in Europe and Africa (
Slide 7: Macro Environment
Macro Environment Clear demand signals driven by world events CACI intentionally aligned with enduring and well-funded national security priorities ▪ Electromagnetic Spectrum and Counter UxS ▪ Application and Network Modernization ▪ Cloud Migration ▪ Cyber ▪ Intelligence Analysis GFY ‘24 budget and
Slide 8: FY25 Look Ahead
FY25 Look Ahead Free Cash Flow1 and Free Cash Flow per Share growth of 11% Revenue growth of 6% to 8.5% on an underlying basis (excl. non-recurring $200M of no-margin material revenue in 1H FY24) EBITDA Margin1 in the “high 10% range” Focused on driving Free Cash Flow per Share Growth and Shareholde
Slide 9: Q4 Financial Summary
Q4 Financial Summary Delivered on Commitments Strong Organic Healthy EBITDA1 Adjusted EPS1 Free Cash Flow1 Revenue growth margin +25% YoY of $135 million 19.7% YoY growth 11.5% EBITDA Higher operating Record DSO of (18.5% organic) margin1, up 60 bps income 46 days year-over-year Modest contribution
Slide 10: FY24 Financial Summary
FY24 Financial Summary Exceptional Performance Strong Organic Healthy EBITDA1 Adjusted EPS1 Free Cash Flow1 Revenue growth margin +12% YoY of $384 million 14.3% YoY growth 10.7% underlying Higher operating 36% YoY increase (13.7% organic) EBITDA margin1 income (excl. non-recurring $200M of no-margin
Slide 11: Flexible and Opportunistic Capital Deployment
Flexible and Opportunistic Capital Deployment Internal Capital Returns Strategic M&A Investments to Shareholders Strong balance sheet (1.8x leverage1) Healthy cash flow business, access to capital $337 million of original $750 million share repurchase program authorization remaining M&A pipeline exp
Slide 12: FY25 Guidance
FY25 Guidance Revenue growth of 6% to 8.5% (5% to 8% organic) – on an underlying basis Guidance (excl. non-recurring $200M of no-margin material revenue in 1H FY24) EBITDA margin in “high 10% range” – Revenue (millions) $7,900 – $8,100 higher margin in 2H vs. 1H Adjusted Q1 EBITDA margin consistent
Slide 13: Positive Forward Indicators
Positive Forward Indicators Long-term Visibility into our Business FY24 contract awards of $14.2 billion 84% Book-to-Bill of 1.9x STRONG Weighted avg. duration of ~6 years Existing Business Performance ~60% new work to CACI Record backlog of $32 billion, +22% YoY 10% HIGH 4 years of annualized reven
Slide 14: Closing
Closing Fantastic FY24 results Strong foundation for Fiscal Year 2025 and beyond Successfully executing our strategy Driving visibility, long-term growth, increasing free cash flow per share, and shareholder value Talented, innovative, dedicated employees driving customer and CACI success 14 | EXPER
Slide 15: Appendix
Appendix 15 | EXPERTISE and TECHNOLOGY For National Security
Slide 16: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures Adjusted net income and Adjusted diluted EPS are non-GAAP performance measures. We define Adjusted net income and Adjusted diluted EPS as GAAP net income and GAAP diluted EPS, respectively, excluding intangible amortization expense and the related tax impact as we do
Slide 17: Reconciliation of Net Income to Adjusted Net Income and Adjusted Diluted EPS
Reconciliation of Net Income to Adjusted Net Income and Diluted EPS to Adjusted Diluted EPS (Unaudited) 1 Calculation uses an assumed full year statutory tax rate of 25.3% and 25.5% on non-GAAP tax deductible adjustments for June 30, 2024 and 2023, respectively. Note: Numbers may not sum due to roun
Slide 18: Reconciliation of Net Income to EBITDA
Reconciliation of Net Income to Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (Unaudited) 18 | EXPERTISE and TECHNOLOGY for National Security These non-GAAP measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with
Slide 19: Reconciliation of Operating Cash Flow to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Net Cash Provided by Operating Activities Excluding MARPA and to Free Cash Flow (Unaudited) 19 | EXPERTISE and TECHNOLOGY for National Security These non-GAAP measures should not be considered in isolation or as a substitute for financia