Amentum Holdings, Inc. · NYSE:AMTM
Amentum — Q1 2025 Earnings Presentation
17 slides from Amentum's earnings presentation, Feb 5, 2025
Slide 1: Earnings Conference Call Presentation Q1 FY25
Earnings Conference Call Presentation Q1 FY25 February 5, 2025 Advancing the future together The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 2: Forward Looking Statements and Disclaimers
Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be “forward-looking statements” as that term is defin
Slide 3: Q1 FY25 Highlights
Q1 FY25 Highlights Revenues Strong Performance in First Quarter as a $3.4 billion 1 Combined Company Adjusted EBITDA1 $262 million 2 Unlocking Value from the Merger Adjusted Diluted EPS1 $0.51 3 Integration and Synergy Plans On Track Free Cash Flow1 $102 million 4 Positioned to Deliver FY25 Commitme
Slide 4: Business Development and Growth
Business Development and Growth Backlog and Book-to-Bill Notable Q1 FY25 Awards ($’s in billions) West Valley Demonstration Project (Unconsolidated Joint Venture) $3 billion U.S. DOE single-award IDIQ contract with a 10-year ordering 1.1x period, delivering advanced technical solutions to safely rem
Slide 5: Unlocking Value from the Merger
Unlocking Value from the Merger Accelerating Advancing Progressing Growth Prospects Technology Solutions People and Culture • Go-to-market structure and • Established Technology Advisory • Welcomed Intelligence & strategy in place Day 1 Councils (TACs) for priority Cybersecurity President Jennifer t
Slide 6: Well-positioned to Continue Support of U.S. Transformation
Well-positioned to Continue Support of U.S. Transformation Transforming Tomorrow, 100+ year partnership Today Increased demand for with the U.S. modernization and Government providing • Delivering modernization solutions to next-generation support DOD in development of next advanced engineering gene
Slide 7: Q1 FY25 Financial Performance
Q1 FY25 Financial Performance REVENUES 1 ADJUSTED EBITDA 1,2 ADJUSTED DILUTED EPS 2 Margin 1,2 +2% +3% +2% $3,338 $3,416 $0.50 $0.51 $255 $262 7.6% 7.7% Q1 FY24 3 Q1 FY25 Q1 FY24 3 Q1 FY25 Q1 FY24 3 Q1 FY25 Digital Solutions growth Increased revenues Higher operating profit Global Engineering Soluti
Slide 8: Q1 FY25 Segment Performance
Q1 FY25 Segment Performance Digital Solutions Global Engineering Solutions REVENUES1 ADJUSTED EBITDA1,2 REVENUES1 ADJUSTED EBITDA1,2 Margin1,2 Margin1,2 +1% +1% +3% +4% $1,286 $2,059 $2,130 $1,279 $162 $156 $99 $100 3.5x 7.4% 3.5x 7.7% 7.7% 7.6% 7.6% 3 Q1 FY24 Q1 FY25 Q1 FY24 3 Q1 FY25 Q1 FY24 3 Q1
Slide 9: Deleveraging with Robust Free Cash Flow
Deleveraging with Robust Free Cash Flow Q1 FY25 Highlights As of December 27, 2024 $102 million Free Cash Flow1 ($ in millions) Rate Maturity Amount • $110M operating cash flow; $8M capital expenditures $850M Undrawn RCF S+225 2029 - • Disciplined working capital management • Benefitted from tax and
Slide 10: Reaffirming Fiscal Year 2025 Guidance
Reaffirming Fiscal Year 2025 Guidance Key Assumptions ($’s in millions, except per share data) Guidance FY25 Revenue Contributions • 96% Existing or Recompete / 4% New Business Revenues $13,800 – $14,200 Income Statement assumptions • Non-GAAP effective tax rate ~24%1 • Interest expense $355M - $365
Slide 11: Well-Positioned to Drive Long-term Value for Stakeholders
Well-Positioned to Drive Long-term Value for Stakeholders Longstanding, Trusted An Industry Leader With Strong Partner of Choice Differentiated Scale Financial Profile solving our global customers’ that provides robust customer well positioned to deliver long-term, largest, most critical and complex
Slide 12: Appendix
Appendix Advancing the future together
Slide 13: FY25 Reportable Segment Introduction
FY25 Reportable Segment Introduction Digital Solutions Global Engineering Solutions Advanced digital and data-driven solutions Large-scale environmental remediation, including intelligence analytics, space clean energy, platform engineering, system development, cybersecurity, and sustainment and sup
Slide 14: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures The presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, and Free Cash Flow are not measures of financial performance under Generally Accepted Accounting Principles in the United States (“GAAP”). These non
Slide 15: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Quarter Ended December 27, 2024 ($ in millions, except per share data and margin percentages) Acquisition, Utilization of fair transaction and Amortization of market value Share-based Non-GAAP As Reported integration costs intangibles adj
Slide 16: Definitions of Pro Forma Non-GAAP Measures
Definitions of Pro Forma Non-GAAP Measures The presentation and discussion of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income, and Pro Forma Adjusted Diluted EPS are not measures of financial performance under Generally Accepted Accounting Principles in the
Slide 17: Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation
Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation For the Quarter Ended December 29, 2023 ($ in millions, except per share data and margin percentages) Acquisition, Utilization of fair Pro Forma Pro Forma transaction and Amortization of market value Share-based Non-GAAP results integra