Booz Allen Hamilton Holding Corporation · NYSE:BAH

Booz Allen Hamilton — Investor Presentation (June 2024)

27 slides from Booz Allen Hamilton's investor presentation, Jun 11, 2024

  1. Slide 1: Investor Presentation June 2024

    Copyright © 2023 Booz Allen Hamilton Inc. June 2024 INVESTOR PRESENTATION

  2. Slide 2: Disclaimer: Forward Looking Safe Harbor Statement

    1 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 inclu

  3. Slide 3: Company History: Our Heritage Is at the Core

    2 COMPANY HISTORY OUR HERITAGE IS AT THE CORE OF EVERYTHING WE DO 201719661914 Booz Allen founded in 1914 by Edwin Booz in Chicago With 110 years of industry leadership, Booz Allen is one of the most respected names in government contracting Hired to help U.S. Navy prepare for WWII Spun off commerci

  4. Slide 4: Why Invest in Booz Allen

    3 WHY INVEST IN BOOZ ALLEN BOOZ ALLEN HAS A 110-YEAR HISTORY AS AN INDUSTRY LEADER History of Driving Industry Leading Organic Growth Strategic organic revenue growth and earnings growth Growing backlog, supported by a robust pipeline and sustained win rates Strong Balance Sheet Driven by Robust Cas

  5. Slide 5: Leading From the Top

    4 LEADING FROM THE TOP OUR PURPOSE IS TO EMPOWER PEOPLE TO CHANGE THE WORLD 34,200 employees1 ~1,100 LOCATIONS IN 20+ COUNTRIES 28% are Veterans 65% hold security clearances 87% hold bachelor’s degrees 40% hold master’s degrees 4% hold doctoral degrees D IV ER SI TY M EA SU R ES 1 C R ED EN TI A LS

  6. Slide 6: VoLT: Our Growth Strategy

    5 VOLT: OUR GROWTH STRATEGY WE WILL OPERATE WITH INCREASED SPEED, AGILITY AND SCALE IN A RAP IDLY CHANGING, HIGHLY COMPETITIVE AND INCREASINGLY TECHNICAL ENVIRONMENT BUILDING BLOCKS OF VoLT ACHIEVED BY • Doubling-down on innovation • Using strategic M&A and partnerships to build market positions • M

  7. Slide 7: Technical Experience Groups (TXGs)

    6 TECHNICAL EXPERIENCE GROUPS (TXGs) A MULTI-YEAR JOURNEY TO BUILD RICH, SELF-SUSTAINING TECHNICAL TALENT COMMUNITIES ACROSS BOOZ ALLEN Justin Neroda (CTO) Scott Jachimski (GDS) PLATFORM & INFRASTRUCTURE Raynor Dahlquist (NSS) Jandria Alexander (GDS) Saurin Shah (NSS) Craig Swanson (CS) Santiago Mil

  8. Slide 8: Broad Customer Base

    7 Broad Customer Base(1) BROAD CUSTOMER BASE WE SERVE A BROAD CUSTOMER BASE THAT SPANS ACROSS THE U.S. GOVERN MENT AND COMMERCIAL MARKETS + U.S. Intelligence Agencies: National Security Agency, National Geospatial-Intelligence Agency, National Reconnaissance Office + Military Intelligence Agencies:

  9. Slide 9: Strong Financial Returns

    8 $675 $1,175 10.1% 11.0% FY19 FY24 STRONG FINANCIAL RETURNS WE HAVE A PROVEN TRACK RECORD OF STRONG FINANCIAL PERFORMANCE Delivering Robust Organic Growth ($ in billions) Sustained Adjusted EBITDA & Margin Expansion ($ in millions) Organic Revenue Growth(1)(2) Strong Cash Flow Generation ($ in mill

  10. Slide 10: Capital Deployment: FY24 in Review

    9 CAPITAL DEPLOYMENT: FY24 IN REVIEW OUR DEPLOYMENT PRIORITIES FOLLOW A DISCIPLINED, OPPORTUNISTIC AP PROACH THAT MAXIMIZES NEAR- AND LONG- TERM SHAREHOLDER VALUE We remain committed to a balanced capital allocation strategy to maximize long-term shareholder value In FY24, we deployed ~$692M through

  11. Slide 11: Outperforming the Market

    10 177% 99% 69% Category 1Booz Allen Russell 1000 Index S&P Software and Services Select Industry Index 104% 53% 32% 177% 94% 63% 5-year 3-year 1-year Booz Allen Core Peers OUTPERFORMING THE MARKET DRIVING LONG-TERM SHAREHOLDER VALUE THROUGH STRONG FINANCIAL PERFORMANCE AND PRUDENT CAPITAL MANAGEMEN

  12. Slide 12: Strong Backlog and Contract-Level Performance

    11 STRONG BACKLOG AND CONTRACT- LEVEL PERFORMANCE DEMONSTRATES THE STRENGTH OF OUR VALUE PROPOSITION AND CORE CAPA BILITIES Historical Backlog(1)(2) ($ in millions) (1) As reported in our Forms 10-K for the fiscal years ended March 31, 2020, 2021, 2022, 2023 and 2024. (2) Backlog presented as of Mar

  13. Slide 13: FY25 Pipeline and Demand Dynamics

    12 FY25 PIPELINE AND DEMAND DYNAMICS EXPANDING PIPELINE FUELS GROWTH MOMENTUM (1) Qualified pipeline and backlog as of March 31, 2024. (2) Includes awards that were under protest as of March 31, 2024. (3) Rates disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31,

  14. Slide 14: ESG Highlights at a Glance

    13 ESG HIGHLIGHTS AT A GLANCE ENVIRONMENTAL, SOCIAL, GOVERNANCE IMPACTS SUPPORT LONG-TERM RESILIENCE (1) (1) Unless otherwise specified, data points noted on this slide are as of March 31, 2023. (2) As of April 1, 2024 with respect to the Board of Directors, and as of March 31, 2024 with respect to

  15. Slide 15: Fiscal 2024 Financial Results & Fiscal 2025 Outlook

    Copyright © 2023 Booz Allen Hamilton Inc. FISCAL 2024 FINANCIAL RESULTS & FISCAL 2025 OUTLOOK

  16. Slide 16: Key Financial Results: Fiscal Year 2024 Results

    15 KEY FINANCIAL RESULTS FISCAL YEAR 2024 RESULTS (1) Comparisons are to prior fiscal year period. (2) Reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin on Revenue can be found on Slide 22. Net Income attributable to common stockholders was $128.0 million and $605.7 million for the three

  17. Slide 17: Financial Outlook: Full Year Fiscal 2025 Guidance

    16 FINANCIAL OUTLOOK FULL YEAR FISCAL 2025 GUIDANCE (1) OPERATING PERFORMANCE Fiscal Year 2025 Revenue Growth 8.0% – 11.0% Adjusted EBITDA $1,260 – $1,300 million Adjusted EBITDA Margin on Revenue ~11% Adjusted Diluted EPS $5.80 – $6.05 Net Cash Provided by Operating Activities $825 – $925 million (

  18. Slide 18: FY2023 – FY2025 Investment Thesis

    Copyright © 2023 Booz Allen Hamilton Inc. FY2023 – FY2025 INVESTMENT THESIS

  19. Slide 19: Investment Thesis: Exceptional Shareholder Value Creation

    18 INVESTMENT THESIS EXCEPTIONAL SHAREHOLDER VALUE CREATION FY2023– FY2025 GOALS Competitive Edge at the Mission- Innovation Intersection ADJUSTED EBITDA GROWTH TO $1.2–1.3B Disciplined Capital Deployment $2.0– 3.5B Organic Revenue 5– 8% Strategic Acquisitions & Investments Strong Mid 10% Adjusted E

  20. Slide 20: Appendix

    Copyright © 2023 Booz Allen Hamilton Inc. APPENDIX

  21. Slide 21: Non-GAAP Financial Information

    20 NON- GAAP FINANCIAL INFORMATION • “Revenue, Excluding Billable Expenses” represents revenue less billable expenses. Booz Allen uses Revenue, Excluding Billable Expenses because it provides management useful information about the Company’s operating performance by excluding the impact of costs tha

  22. Slide 22: Three Months Ended March 31, Fiscal Year Ended March 31, (In thousands, except share

    21 Three Months Ended March 31, Fiscal Year Ended March 31, (In thousands, except share and per share data) 2024 2023 2024 2023 Revenue, Excluding Billable Expenses Revenue $ 2,771,327 $ 2,433,261 $ 10,661,896 $ 9,258,911 Less: Billable expenses 844,788 739,124 3,281,776 2,808,857 Revenue, Excluding

  23. Slide 23: Three Months Ended March 31, Fiscal Year Ended March 31, Adjusted Net Income Net

    22 Three Months Ended March 31, Fiscal Year Ended March 31, Adjusted Net Income Net income attributable to common stockholders $ 127,955 $ (68,422) $ 605,706 $ 271,791 Change in provision for claimed indirect costs (a) — — (18,345) — Acquisition and divestiture costs (b) 2,100 4,148 7,580 44,269 Fin

  24. Slide 24: Non-GAAP Financial Information (Unaudited)

    23 NON- GAAP FINANCIAL INFORMATION (UNAUDITED) (a) Represents the reduction to our provision for claimed indirect costs recorded during the second quarter of fiscal 2024, which resulted in a corresponding increase to revenue, as a result of the Defense Contract Audit Agency's findings related to its

  25. Slide 25: Financial Results – Key Drivers: Fourth Quarter Fiscal 2024

    24 FINANCIAL RESULTS – KEY DRIVERS Fourth Quarter Fiscal 2024 – Below is a summary of the key factors driving results for the fiscal 2024 fourth quarter ended March 31, 2024 as compared to the prior year period: • Revenue increased 13.9% to $2.8 billion and Revenue, Excluding Billable Expenses incre

  26. Slide 26: Financial Results – Key Drivers: Fiscal Year 2024

    25 FINANCIAL RESULTS – KEY DRIVERS Fiscal year ended March 31, 2024 – Below is a summary of the key factors driving results for the fiscal year 2024 ended March 31, 2024 as compared to the prior year: • Revenue increased 15.2% to $10.7 billion and Revenue, Excluding Billable Expenses increased 14.4%

  27. Slide 27: Booz Allen Investor & Media Relations Contacts

    26 • Website: investors.boozallen.com • Contact Information: ― Investor Relations Nathan P. Rutledge Director & Head of Investor Relations 202-440-3943 Rutledge_Nathan@bah.com ― Media Jessica Klenk Director, Media Relations 703-377-4296 Klenk_Jessica@bah.com BOOZ ALLEN INVESTOR & MEDIA RELATIONS CON

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