Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q4 FY2018 Earnings Presentation
12 slides from Booz Allen Hamilton's earnings presentation, May 29, 2018
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2018, Fourth Quarter MAY 29, 2018
Slide 2: Call Participants
CALL HORACIO ROZANSKI PARTICIPANTS PRESIDENT AND CHIEF EXECUTIVE OFFICER LLOYD HOWELL CHIEF FINANCIAL OFFICER AND TREASURER CURT RIGGLE VICE PRESIDENT INVESTOR RELATIONS 1
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: FY18 Highlights
FY18 HIGHLIGHTS KEY PERFORMANCE INDICATORS • Delivered record earnings—with our highest Adjusted EBITDA since the firm went public • Exceeded $6 billion in revenue and $2.00 in earnings per share for the first time • Maintained industry-leading organic revenue growth • Significantly accelerated grow
Slide 5: Key Financial Results
KEY FINANCIAL RESULTS FISCAL YEAR 2018 PRELIMINARY RESULTS F O U R T H Q U A R T E R (1) F Y 1 8 (1) Revenue $1.6 billion 3.4% Increase $6.2 billion 6.3% Increase Revenue, Excluding $1.2 billion 4.7% Increase $4.3 billion 6.3% Increase Billable Expenses Net Income $84.9 million 28.1% Increase $305.1
Slide 6: Income Tax Drivers
INCOME TAX DRIVERS NOTES: E F F E C T I V E TA X R AT E A N D D R I V E R S 1) The 21% federal statutory tax rate predominately applies to the last three months Previous Fiscal 2018 Effective Tax Rate Guidance 37% - 38% of our fiscal 2018, resulting in a lower blended federal statutory rate of ~31.5
Slide 7: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY • Exceeded Fiscal Year 2018 goal of returning 100% of FCF to investors • Returned $373 million to shareholders in Fiscal Year 2018 (~130% of FCF) – Paid $269.6 million to repurchase 7.6 million shares
Slide 8: Financial Outlook
FINANCIAL OUTLOOK INITIATING FULL YEAR GUIDANCE FISCAL 2019 FULL YEAR OUTLOOK Revenue Growth in the Range of 6 to 8 Percent Adjusted Diluted EPS (1) $2.35 - $2.50 1) Adjusted Diluted EPS guidance is based on fiscal 2019 estimated average diluted shares outstanding in the range of 141 million to 145
Slide 9: Appendix
APPENDIX
Slide 10: 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 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION (a) Reflects amortization of intangible assets resulting from the acquisition of our Company by The Carlyle Group. (b) Reflects debt refinancing costs incurred in connection with the refinancing transaction consummated on July 13, 2016. (c) Reflects the combination of
Slide 12: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Full Fiscal Year 2018 – Below is a summary of the key factors driving results for the fiscal year ended March 31, 2018 as compared to the prior year: • Revenue increased by 6.3% to $6.2 billion primarily due to increased client demand which led to increased client sta
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