Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Q1 2015 Earnings Presentation
21 slides from Fti Consulting's earnings presentation, 2015
Slide 1: First Quarter 2015 Earnings Conference Call
FTI Consulting, Inc. First Quarter 2015 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- lo
Slide 3: Today's Speakers
Today’s Speakers Steven Gunby David Johnson President & Chief Executive Officer Chief Financial Officer 3
Slide 4: First Quarter 2015 Financial Review
First Quarter 2015 Financial Review All numbers in $000s, except for per share data and percentages Q1 2015 Q4 2014 % Variance Q1 2014 % Variance Revenues $ 432,338 $ 425,158 1.7% $ 425,552 1.6% Fully Diluted Earnings Per Share $ 0.57 $ 0.02 - $ 0.45 26.7% Adjusted Earnings Per Diluted Share(1) $ 0.
Slide 5: First Quarter 2015 Segment Financial Review
First Quarter 2015 Segment Financial Review All numbers in $000s, except for percentages Q1 2015 Q4 2014 % Variance Q1 2014 % Variance Corporate Finance/Restructuring Revenue $ 106,212 $ 93,072 14.1% $ 93,982 13.0% (1) Adjusted Segment EBITDA $ 22,480 $ 9,874 127.7% $ 10,951 105.3% (1) Adjusted Segm
Slide 6: First Quarter 2015 Geographic Review
First Quarter 2015 Geographic Review Region Percentage of Q1 2015 Revenues Percentage of Q4 2014 Revenues Percentage of Q1 2014 Revenues North America 73.7% 72.0% 72.5% EMEA 17.5% 19.8% 17.3% Asia Pacific 6.0% 5.3% 7.1% Latin America 2.8% 2.9% 3.0% Q1 2015 vs. Q4 2014 Revenue Q1 2015 vs. Q1 2014 Rev
Slide 7: Cash Position/Capital Allocation
Cash Position/Capital Allocation All numbers in $000s except for DSOs Quarter to Date Year to Date Quarter to Date Q1 2015 Q4 2014 Q1 2014 Cash and cash equivalents $ 225,295 $ 283,680 $ 77,005 Accounts receivable, net $ 513,285 $ 485,101 $ 545,072 Days sales outstanding ("DSO") 101 97 106 Net cash
Slide 8: Question & Answer Session
Question & Answer Session Q&A 8
Slide 9: Financial Tables
im F. Fo suirind Financial Tables
Slide 10: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss All numbers in $000s, except for per share data Three Months Ended March 31, 2015 (unaudited) 2014 (unaudited) Revenues $432,338 $425,552 Operating expenses Direct cost of revenues 279,030 274,275 Selling, general & administrative expense 102,2
Slide 11: Condensed Consolidated Statements of Comprehensive Loss
Condensed Consolidated Statements of Comprehensive Loss All numbers in $000s, except for per share data Three Months Ended December 31, 2014 (unaudited) Revenues $425,158 Operating expenses Direct cost of revenues 281,689 Selling, general & administrative expense 115,965 Special charges 1,628 Acquis
Slide 12: Operating Results by Business Segment
Operating Results by Business Segment All numbers in $000s, except for bill rate per hour and headcount data (1) Adjusted Segment Average Billable Revenue-Generating Three Months Ended March 31, 2015 Revenues Adjusted EBITDA (1) Utilization EBITDA Margin Rate Headcount (at period end) Corporate Fina
Slide 13: Operating Results by Business Segment
Operating Results by Business Segment All numbers in $000s, except for bill rate per hour and headcount data (1) Adjusted Segment Average Billable Three Months Ended December 31, 2014 Revenues Adjusted EBITDA (1) Utilization Revenue-Generating Headcount (at period end) EBITDA Margin Rate Corporate F
Slide 14: First Quarter 2015 and 2014: Reconciliation of Non-GAAP Financial Measures
First Quarter 2015 and 2014: Reconciliation of Non-GAAP Financial Measures All numbers in $000s, except for per share data Three Months Ended March 31, 2015 2014 Net income $23,686 $18,117 Remeasurement of acquisition-related contingent consideration, net of tax effect - (1,350) (1) Adjusted Net Inc
Slide 15: Fourth Quarter 2014: Reconciliation of Non-GAAP Financial Measures
Fourth Quarter 2014: Reconciliation of Non-GAAP Financial Measures All numbers in $000s, except for per share data Three Months Ended December 31, 2014 Net income (loss) $921 Add back: Special charges, net of tax effect 960 Remeasurement of acquisition related contingent consideration, net of tax (2
Slide 16: Reconciliation of Net Income and Operating Income to Adjusted EBITDA
Reconciliation of Net Income and Operating Income to Adjusted EBITDA All numbers in $000s Corporate Finance/ Forensic and Litigation Economic Strategic Unallocated Three Months Ended March 31, 2015 Technology Total Restructuring Consulting Consulting Communications Corporate Net income $23,686 Inter
Slide 17: Reconciliation of Net Income and Operating Income to Adjusted EBITDA
Reconciliation of Net Income and Operating Income to Adjusted EBITDA All numbers in $000s Corporate Finance/ Forensic and Litigation Economic Strategic Unallocated Three Months Ended December 31, 2014 Technology Total Restructuring Consulting Consulting Communications Corporate Net income $921 Inter
Slide 18: End Notes: FTI Consulting Non-GAAP Data Reconciliations
End Notes: FTI Consulting Non-GAAP Data Reconciliations We define Adjusted Net Income and Adjusted Earnings per Diluted Share (“Adjusted EPS”) as Net Income and Earnings Per Diluted Share, respectively, excluding the impact of remeasurement of acquisition-related contingent consideration, special ch
Slide 19: Appendix
im F. Fo suirind Appendix
Slide 20: First Quarter 2015 Awards & Accolades
First Quarter 2015 Awards & Accolades FTI Consulting ranked number one Corporate Finance/Restructuring’s Sanjeev Khemlani restructuring adviser on The Deal's Out- and Mark Renzi named in Turnarounds & Workouts' of-Court Restructuring League Tables for People to Watch in 2015 both debtors and credito
Slide 21: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™