Dlh Holdings Corp. · NASDAQ:DLHC
Dlh — Q4 2024 Earnings Presentation
15 slides from Dlh's earnings presentation, Dec 5, 2024
Slide 1: FY2024 Fourth Quarter Earnings
A Russell 2000 Company FY2024 Fourth Quarter Earnings Three & Twelve Months Ended 9.30.24 December 5, 2024
Slide 2: Call Participants
Zach Parker President and Chief Executive Officer Call Participants Kathryn JohnBull Chief Financial Officer © Copyright 2024 DLH Holdings Corp. All Rights Reserved. 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s futur
Slide 4: Q4 & Fiscal 2024 Financial Highlights
Q4 & Fiscal 2024 Financial Highlights Revenue EBITDA Cash from Operations1 Debt Balance Q4 $96.4M Q4 $10.7M $27.4M $154.6M FY24 $395.9M FY24 $42.0M 1Fiscal 2024 Year to Date © Copyright 2024 DLH Holdings Corp. All Rights Reserved. 4
Slide 5: Updates
• Contract win demonstrates strength of advanced technology capabilities New $76 million award with US Navy Updates • Dynamic conditions in GovCon services industry Government operating under short-term continuing resolution, funding federal programs through Dec. 20 Guidance from outgoing admi
Slide 6: Well Positioned for Organic Growth
Well Positioned for Organic Growth DIGITAL TRANSFORMATION & CYBERSECURITY Record Qualified New Business Pipeline – SCIENCE, RESEARCH Composed of ~$4.0B in Opportunities Where DLH Differentiators Matter & DEVELOPMENT SYSTEMS ENGINEERING Award decisions expected between FY25-27 & INTEGRATION 1 2 3 4 A
Slide 7: Financials
Financials Kathryn JohnBull, Chief Financial Officer
Slide 8: Key Financial Results ($ in millions)
Key Financial Results ($ in millions) Revenue Adj. EBITDA* • Revenue for fiscal 2024 Q4 was lower than the same period in fiscal 2023 reflecting certain work converting to small $101.5 $96.4 business set-aside contracts primarily in our VA and DoD +8.0% -5.0% $12.1 portfolio. +100.0% +100.0% +143.2%
Slide 9: Key Financial Results: FY24 ($ in millions)
Key Financial Results: FY24 ($ in millions) Revenue Adj. EBITDA* Cash from Operations • Revenue for fiscal 2024 reflects the full year contribution of the December 2022 $395.9 acquisition, growth in our HHS portfolio, $31.0 $375.9 $42.1 $42.0 partially offset by small business +5.3% conversions in o
Slide 10: Quarterly Debt Paydown ($ in millions)
Quarterly Debt Paydown ($ in millions) Year end Fiscal 2024 total debt paydown exceeds management expectations • All mandatory amortization payments satisfied through fiscal 2025; management expects to continue using +100.0% +100.0% +100.0% +100.0% cash from operations to reduce debt • $9.5 million
Slide 11: Technology Strategy Yields Value
Technology Strategy Yields Value Longer Term TPS Revenue: $500M DIGITAL TRANSFORMATION & CYBERSECURITY EBITDA Margin: 10.0% - 11.0% SCIENCE, RESEARCH ~$4.0B Qualified Recapture operating leverage Value expansion & DEVELOPMENT New Business Pipeline SYSTEMS ENGINEERING & INTEGRATION Near Term TPS Reve
Slide 12: Questions?
<DLH Questions? Thank you!
Slide 13: Appendix
Appendix
Slide 14: Non-GAAP Reconciliations
Non-GAAP Reconciliations This document contains non-GAAP financial information including EBITDA and Adjusted EBITDA which are not recognized measurements under accounting principles generally accepted in the United States, or GAAP, and when analyzing our performance investors should (i) evaluate eac
Slide 15: DLH
DLH