Slide 1: Second Quarter 2025 Earnings Conference Call Presentation
SECOND QUARTER 2025 Earnings Conference Call Presentation AUGUST 6, 2025
Slide 2: Forward Looking Statements
FORWARD This presentation contains forward-looking statements within the of major contract awards received by us; our ability to generate meaning of the Private Securities Litigation Reform Act of 1995, revenue under certain of our contracts; any inability to attract, train Section 27A of the Securi
Slide 3: Q2 2025 Highlights
Q2 2025 HIGHLIGHTS Strong free cash flow, adjusted EBITDA margins, and total and organic revenue growth (excluding the confidential contract). Funded backlog at highest level since the IPO 13% total revenue growth and 8% organic growth excluding the company’s confidential contract Capitalizing
Slide 4: Q2 2025 Key Highlights
Q2 2025 KEY HIGHLIGHTS Solid performance in-line with Q2 expectations Total revenue of $1.6B and net income of $55M Adjusted EBITDA of $149M; adjusted EBITDA margin expanded 40 basis points to 9.4% Q2 2025 REVENUE $1.6 Billion Continuing to win significant contracts and positioned for growth B
Slide 5: Q2 2025 Financial Summary
Q2 2025 FINANCIAL SUMMARY Strong free cash flow, adjusted EBITDA margins, and total and organic revenue growth across the business excluding the confidential contract Q2 2025 total revenue of $1,584M decreased Adjusted EBITDA of $149M decreased 1% from 5% from Q2 2024 prior year period Total r
Slide 6: Business Segment Summary
BUSINESS SEGMENT SUMMARY Federal Solutions Critical Infrastructure Q2 2025 total revenue of $805M decreased 19% Q2 2025 revenue increased 14% and 8% organically from prior year period from Q2 2024 Q2 2025 revenue growth of 11% and 8% on an Adjusted EBITDA of $82M increased organic basis excl
Slide 7: Well Aligned with Administration
FAA Modernization $12.5B under reconciliation bill Long-standing partnership with FAA (4+ decades)—proven FAA experience working in the National Airspace System Engineering News-Record’s #1 Program Management Firm for 2025; consistent delivery of multi-billion-dollar federal and commercial trans
Slide 8: Significant Contract Wins
Awarded $176M Awarded a $176 million single-award contract by the United States Army Corps of Engineers Norfolk District to provide design-build delivery services for a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant. The four-year contract is new work for the company. Award
Slide 9: Additional Corporate Highlights
Acquired Chesapeake Technology International for $89M Parsons announced and closed its acquisition of Chesapeake Technology International, an all-domain technology solutions provider, powered by cutting-edge products that enhance the warfighters’ ability to sense, evaluate and deliver effects within
Slide 10: Increasing Fiscal Year 2025 Guidance
INCREASING FISCAL YEAR 2025 GUIDANCE Current FY25 Guidance Prior FY25 Guidance Growth at Mid-Point Total Revenue $6,480 - $6,680M $6,450 - $6,650M -3% (-6% organic) Adjusted EBITDA $595 - $635M $590 - $630M +2% (30 bps) Cash Flow from Operations $400 - $440M $380 - $420M -20%* *2025 free cash flow c
Slide 11: Fiscal Year 2025 Guidance Assumptions
FISCAL YEAR 2025 GUIDANCE ASSUMPTIONS ~ 52% of total revenue to be generated from Federal Solutions segment at the mid-point PATTERNS Adjusted EBITDA margin of ~ 9.3% at the mid-point of the revenue guidance, up 30bps from 2024 Revenue: approximately 6% sequential growth (Q2 2025 to Q3 2025) and
Slide 12: Appendix: Supplemental Materials
APPENDIX: SUPPLEMENTAL MATERIALS Parsons Corporation 12
Slide 13: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income to Adjusted EBITDA (in thousands) Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net income attributable to Parsons Corporation $55,230 $69,172
Slide 14: Adjusted EBITDA Attributable to NCI
ADJUSTED EBITDA ATTRIBUTABLE TO NCI PARSONS CORPORATION Non-GAAP Financial Information Computation of Adjusted EBITDA Attributable to Noncontrolling Interests (in thousands) Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Federal Solutions Adjusted EBITDA
Slide 15: Adjusted Net Income Attributable to Parsons
ADJUSTED NET INCOME ATTRIBUTABLE TO PARSONS PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income Attributable to Parsons Corporation to Adjusted Net Income Attributable to Parsons Corporation (in thousands, except per share information) Three Months Ended Six Months Ended