Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2021 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Jan 29, 2021
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2021, Third Quarter January 29, 2021
Slide 2: Call Participants
CALL HORACIO ROZANSKI President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. Chief Financial Officer and Treasurer RUBUN DEY Director of 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 THIRD QUARTER FISCAL YEAR 2021 RESULTS THIRD QUARTER (1) YEAR TO DATE (12/31/20) (1) Revenue $1.9 billion 3.0% Increase $5.9 billion 7.0% Increase Revenue, Excluding Billable Expenses $1.3 billion 6.2% Increase $4.1 billion 9.1% Increase Adjusted EBITDA $205 million 7.7% Increa
Slide 5: Q3 FY'21 Performance
Q3 FY'21 PERFORMANCE ALIGNED WITH INVESTMENT THESIS INVESTMENT THESIS Unique Market Position = Strong Financial Returns + Option Value – Investments in innovation, talent, FY18 - FY21 – Continued investment and capabilities position us to help in new business lines clients adopt current and new ~80%
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2021 RESULTS THIRD QUARTER (1) YEAR TO DATE (12/31/20) (1) Revenue $1.9 billion 3.0% Increase $5.9 billion 7.0% Increase Revenue, Excluding Billable Expenses $1.3 billion 6.2% Increase $4.1 billion 9.1% Increase Adjusted E
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN BILLIONS) (1) (4) (4) (4) (4) $22.9 $23.0 $22.0 $22.0 $20.5 (2) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) BOOK-TO-BILL TRENDS (2) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (1) For more information on the components of backlog, and the differences b
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Our multi-year capital deployment plan is to follow a disciplined and opportunistic approach, subject to market conditions – Deployed $142 million during the third quarter through dividends, share re
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY21 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q2'21) Revenue Growth 4.8 - 6.0% 7.0 - 9.0% Adjusted EBITDA Margin on Revenue Mid to high 10% Low to mid 10% Adjusted Diluted EPS $3.70 - $3.85 $3.60 - $3.75 Net Cash Provided by Operating Activities $625 - $675 million $
Slide 10: Appendix
APPENDIX 10
Slide 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • "Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not ind
Slide 12: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Nine Months Ended December 31, December 31, (a) Fiscal 2020 debt refinancing costs (In thousands, except share and per share data) 2020 2019 2020 2019 incurred in connection with the refinancing (Unaudited) (Unaudited) transactions consummated on Nov
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Third Quarter Fiscal 2021 – Below is a summary of the key factors driving results for the fiscal 2021 third quarter ended December 31, 2020 as compared to the prior year period: • Revenue increased by 3.0% to $1.9 billion and Revenue, Excluding Billable Expenses incre
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Nine Months Ended December 31, 2020 – Below is a summary of the key factors driving results for the fiscal 2021 nine months ended December 31, 2020 as compared to the prior year period: • Net cash provided by operating activities was $799.0 million for the nine months
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