Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q1 2025 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Jul 26, 2024
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2025, First Quarter July 26, 2024
Slide 2: Call Participants
HORACIO ROZANSKI CALL Chairman, Chief Executive Officer & President PARTICIPANTS MATT CALDERONE Chief Financial Officer LINDSAY JOYCE Vice President, Financial Planning & Analysis and Investor Relations 2
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: Key Financial Results
KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2025 RESULTS FIRST QUARTER (1) Revenue $2.9 billion +10.8% Revenue, Excluding Billable Expenses $2.0 billion +8.4% Net Income $165 million +2.4% Adjusted EBITDA (2) $302 million (1.6)% Adjusted EBITDA Margin on Revenue (2) 10.3% (11.2)% Adjusted Net In
Slide 5: Investment Thesis: Exceptional Shareholder Value Creation
INVESTMENT THESIS EXCEPTIONAL SHAREHOLDER VALUE CREATION FY2023–FY2025 GOALS Competitive ADJUSTED EBITDA Disciplined Edge at the GROWTH TO $1.2–1.3B Capital Mission- Deployment Innovation Organic Strategic Strong Mid 10% Intersection Revenue + Acquisitions & + Adjusted $2.0–3.5B 5–8% Investments EBI
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2025 RESULTS FIRST QUARTER (1) Revenue $2.9 billion +10.8% Revenue, Excluding Billable Expenses $2.0 billion +8.4% Net Income $165 million +2.4% Adjusted EBITDA (2) $302 million (1.6)% Adjusted EBITDA Margin on Revenue2 10
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN BILLIONS) (1) $35.0 $36.2 $34.3 $33.8 $31.8 $22.0 $30.0 $31.2 $31.3 $29.0 $27.8 $29.2 $28.6 $18.6 $19.9 $20.9 $16.0 $15.4 $17.1 $17.3 $19.5 $14.6 $14.3 $15.6 $14.6 $10.4 $10.1 $10.1 $9.5 $9.4 $9.9 $10.0 $10.1 $9.5 $9.0 $9.2 $9.5 $4.9 $4.0 $3.7 $4.0 $5.
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Our multi-year capital deployment plan follows a disciplined and opportunistic approach, subject to market conditions – In Q1 FY25, we deployed approximately $250.8 million: – $66.4 million through q
Slide 9: Financial Outlook
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 Free
Slide 10: Appendix
APPENDIX 10
Slide 11: Non-GAAP Financial Information
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 that ar
Slide 12: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended June 30, (In thousands, except share and per share data) 2024 2023 (a) Represents costs associated with the Revenue, Excluding Billable Expenses acquisition efforts of the Company related to Revenue $ 2,941,797 $ 2,654,486 transactions fo
Slide 13: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended Three Months Ended Three Months Ended Three Months Ended (a) Reflects the combination of Interest expense (In thousands, except share and per share data) June 30, 2024 March 31, 2024 December 31, 2023 September 30, 2023 and Other income,
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS First Quarter Fiscal 2025 – Below is a summary of the key factors driving results for the fiscal 2025 first quarter ended June 30, 2024 as compared to the prior year period: • Revenue increased 10.8% to $2.9 billion and Revenue, Excluding Billable Expenses increased 8
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