Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q4 2024 Earnings Presentation
17 slides from Booz Allen Hamilton's earnings presentation, May 24, 2024
Slide 1: Earnings Call Presentation, Fiscal Year 2024, Fourth Quarter
EARNINGS CALL PRESENTATION Fiscal Year 2024, Fourth Quarter May 24, 2024
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS MATT CALDERONE Chief Financial Officer NATHAN RUTLEDGE Director & Head 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 FISCAL YEAR 2024 RESULTS FOURTH QUARTER (1) FISCAL YEAR 2024 (1) Revenue $2.8 billion +13.9% $10.7 billion +15.2% Revenue, Excluding Billable Expenses $1.9 billion +13.7% $7.4 billion +14.4% Net Income $128 million +287.2% $606 million +123.3% Adjusted EBITDA2 $287 million +23.
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 FISCAL YEAR 2024 RESULTS FOURTH QUARTER (1) FISCAL YEAR 2024 (1) Revenue $2.8 billion +13.9% $10.7 billion +15.2% Revenue, Excluding Billable Expenses $1.9 billion +13.7% $7.4 billion +14.4% Net Income $128 million +287.2% $606 million +123.3% Adju
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN BILLIONS) (1) $35.0 $34.3 $33.8 $31.8 $31.2 $31.3 $22.0 $29.0 $29.2 $28.6 $30.0 $26.8 $27.8 $18.6 $19.9 $16.0 $17.1 $17.3 $19.5 $14.6 $15.6 $14.6 $15.4 $14.3 $14.3 $10.4 $10.1 $9.5 $9.4 $9.9 $10.0 $10.1 $9.5 $9.0 $9.2 $9.5 $9.0 $3.5 $4.9 $4.0 $3.7 $4.0
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 fiscal 2024, we deployed approximately $691.7 million: – $253.4 million thro
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 KEY A
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 Fiscal Year Ended March 31, 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 844,788 739,12
Slide 13: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended Fiscal Year Ended March 31, 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 divestitur
Slide 14: Non-GAAP Financial Information (Unaudited)
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 aud
Slide 15: 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 and (In thousands, except share and per share data) March 31, 2024 December 31, 2023 September 30, 2023 June 30, 2023 Other income,
Slide 16: Financial Results – Key Drivers (Fourth Quarter)
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 increase
Slide 17: Financial Results – Key Drivers (Fiscal Year 2024)
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% to
Booz Allen Hamilton Holding — Q4 2024 Earnings Presentation on 6ix