Dlh Holdings Corp. · NASDAQ:DLHC
Dlh — Q1 FY2021 Earnings Presentation
14 slides from Dlh's earnings presentation, Feb 3, 2021
Slide 1: FY2021 First Quarter Earnings Presentation: Three Months Ended 12.31.2020
DLH Holdings Corp. DEFENSE & VETERANS HEALTH SOLUTIONS HUMAN SERVICES AND SOLUTIONS PUBLIC HEALTH AND LIFE SCIENCES FY2021 First Quarter Earnings Presentation: Three Months Ended 12.31.2020 ZACH PARKER | PRESIDENT & CEO Your Mission Is Our Passion KATHRYN JOHNBULL | CFO FEBRUARY 3, 2021 © Copyright
Slide 2: Forward-looking Statements
Forward-looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation 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 future
Slide 3: Fiscal 2021 First Quarter Highlights
Fiscal 2021 First Quarter Highlights Annual revenue rose 11% to $57.9 million “We began the fiscal year Operating margin of 6.3% with solid revenue, strong bottom line results, and an active RFP environment, Earnings of $1.8 million, or $0.13 per share indicative of the outlook for fiscal 2021.” Act
Slide 4: Market & Budget Characteristics
Market & Budget Characteristics • FY21 federal budget fully funded (stabilizes DLH customer forecast) • Strong healthcare addressable market under new Healthcare Cloud Veterans Computing Health administration (particularly HHS, DoD, & VA) • Key funding categories include Professional Services, Resea
Slide 5: Q1 Financials
Q1 Financials © Copyright 2021 DLH Holdings Corp. All Rights Reserved. 5
Slide 6: FY2021 Q1 Results: Revenue
FY2021 Q1 Results: Revenue $ Millions $60.0 $57.9 $45.0 $52.2 $30.0 $15.0 $0.0 FY20Q1 FY21Q1 FY21 Q1 reflects the impact from the acquisition of IBA ($7.0 million), partially offset by reduced travel on monitoring and compliance programs due to COVID-19 © Copyright 2021 DLH Holdings Corp. All Rights
Slide 7: FY2021 Q1 Results: Operating Income
FY2021 Q1 Results: Operating Income $ Millions $4.0 $3.6 $3.0 $3.1 $2.0 $1.0 $0.0 FY20Q1 FY21Q1 Operating income for FY21 Q1 reflects improved leverage of G&A expenses on increased sales © Copyright 2021 DLH Holdings Corp. All Rights Reserved. 7
Slide 8: FY2021 Q1 Results: EBITDA
FY2021 Q1 Results: EBITDA $ Millions $6.0 $5.0 $5.7 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 FY20Q1 FY21Q1 EBITDA for FY21 Q1 reflects higher revenue and improved operating leverage A reconciliation of net income to EBITDA and EBITDA as a percentage of revenue is provided in the back of this presentation. © Co
Slide 9: Debt Position and Outlook
Debt Position and Outlook S3 IBA Acquisition Acquisition (amount in thousands) 06/07/19 09/30/19 9/30/20 12/31/20 Debt Term debt (legacy) $ 70,000 $ 56,000 $ 37,000 $ 68,250 Term debt (IBA) - - 33,000 - Revolving debt - - - 9,150 Total debt 70,000 56,000 70,000 77,400 Cash on hand (1,900) (1,790) (1
Slide 10: Q&A
Q&A © Copyright 2021 DLH Holdings Corp. All Rights Reserved. 10
Slide 11: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations This document contains non-GAAP financial information including EBITDA and EBITDA as a percentage of revenue. Management uses this information in its internal analysis of results and believes this information may be informative to investors in gauging the quality of
Slide 12: FY2021 Q1 EBITDA Reconciliation
FY2021 Q1 EBITDA Reconciliation (amounts in thousands) Three Months Ended December 31, 2020 2019 Change Net income $ 1,814 $ 1,551 $ 263 (i) Interest expense, net 1,080 941 139 (ii) Provision for taxes 741 634 107 (iii) Depreciation and amortization 2,062 1,859 203 EBITDA $ 5,697 $ 4,985 $ 712 Net i
Slide 13: Reconciliation of Leverage Ratio
Reconciliation of Leverage Ratio S3 IBA Acquisition Acquisition (amount in thousands) 06/07/19 09/30/19 9/30/20 12/31/20 Term Loan $ 70,000 $ 56,000 $ 70,000 $ 68,250 Revolving Credit Loan - - - 9,150 Letters of Credit - 1,745 1,990 1,990 Total Funded Debt $ 70,000 $ 57,745 $ 71,990 $ 79,390 Consoli
Slide 14: Your Mission Is Our Passion
Your Mission Is Our Passion © Copyright 2021 DLH Holdings Corp. All Rights Reserved.