Slide 1: Accelerating Jacobs’ Transformation for Growth
Accelerating Jacobs’ Transformation for Growth October 2018
Slide 2: Forward-Looking Statement Disclaimer
Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are i
Slide 3: Accelerating Jacobs’ Transformation for Growth
Accelerating Jacobs’ Transformation for Growth $3.3B sale of ECR business to WorleyParsons – a compelling value Reinforces focus on higher margin, higher growth, less cyclical business lines Leverages enterprise capabilities to drive integrated solutions portfolio-wide Increases financial fl
Slide 4: Continuing to Deliver on Strategic Imperatives
Continuing to Deliver on Strategic Imperatives Build a high Build culture of accountability, inspirational leadership and performance innovation that will lead to outperformance over the long term culture Transform Fundamentally change the way we operate to improve project the core delivery, sales e
Slide 5: Building on Record of Strategic Execution and Value Creation
Building on Record of Strategic Execution and Value Creation Focus on improved New line of business Profitable growth CH2M acquisition Exceeding CH2M cost business and workforce structure drives strategy launched accelerates growth synergies and overall efficiency accountability December 2016 in key
Slide 6: Transaction Overview
Transaction Overview Sale to WorleyParsons of the entire ECR segment, as reported in most recent 10Q Asset Includes petroleum, chemicals and mining $3.3 B Enterprise Value Price ~$2.6 B net proceeds at closing 1 Greater than 11.5x Enterprise Value / Adj. TTM EBITDA Valuation Premium to r
Slide 7: Jacobs: Global, Next-Generation Solutions Provider
Jacobs: Global, Next-Generation Solutions Provider Aerospace, Technology, Environmental and Nuclear (ATEN) FY18 Q3 Pro Forma excluding ECR 42% U.S./Int’l Mix 70%/30% Talent Force ~50,000 Public/Private Sector 65%/35% FY18 Q3 58% Revenue Buildings, Infrastructure and Advanced Facilities Driving reven
Slide 8: Buildings, Infrastructure and Advanced Facilities – BIAF
Buildings, Infrastructure and Advanced Facilities – BIAF Strong Global Infrastructure Demand FY18 Q3 BIAF Snapshot FY18 Q3 Revenue by Sector Population, aging infrastructure & urbanization driving growth U.S., Middle East and Asia strong demand U.S./International 58% / 42% Public/Private Sector
Slide 9: Aerospace, Technology, Environment and Nuclear – ATEN
Aerospace, Technology, Environment and Nuclear – ATEN Q3 ATEN Snapshot Q3 Revenue by Sector Positioned for Strong Growth Demand healthy in U.S. Federal and commercial markets U.S./International 86%/14% Cross selling cyber and analytics solutions across Jacobs Government ~85% Reimbursable ~80%
Slide 10: One of the Largest Government Services Providers
One of the Largest Government Services Providers CY2018E Revenue $12.0 $10.0 $8.0 $6.0 $4.0 $2.0 $- Leidos GDIT Booz Allen SAIC + Jacobs CACI Perspecta Northrop ManTech BAE Cyber & Engility Tech Svs Intel Source: Bloomberg estimates and Jacobs company estimates 10
Slide 11: Improved Profitability and Return Profile
Improved Profitability and Return Profile Pro Forma Excluding ECR Revenue growth Accretive to long-term growth rates FY19E Adjusted EBITDA1 $0.92-$1.0 B FY18 Q3 Share Count 143M FY18 Q3 Net Cash2 + WorleyParsons Shares $1.2 B Gross margin Increase >150 bps FY18 Q3 ROIC >9% FY18 Q3 Tangible Net Worth
Slide 12: Jacobs: Positioned for Enhanced Multiple
Jacobs: Positioned for Enhanced Multiple Current Enterprise Value / 13.0x Infrastructure (58% of PF Jacobs) Next Twelve Months Adj. EBITDA1 Infra. Peers 11.0x 10.9x 11.8x Jacobs 10.9x 9.0x 9.1x 9.1x 7.0x 5.0x Oct-15 Apr-16 Oct-16 Apr-17 Oct-17 Apr-18 Oct-18 15.0x Government Services (42% of PF Jacob
Slide 13: Significant Financial Flexibility
Significant Financial Flexibility Short term plan to use ECR proceeds to repay term loan and revolver Reported Net Debt Pro Forma Net Cash FY18 Q3 FY18 Q31 $1.5 Pro Forma $1.1 $ Billions FY18 Q3 FY18 Q3 $1.0 $0.5 Gross Debt $2.3 $0.5 $0.0 Gross Debt/Adj. EBITDA 2.2x 0.6x ($0.5) ($1.0) Cash and Equ
Slide 14: Disciplined, Value-Driven Capital Allocation
Disciplined, Value-Driven Capital Allocation Accelerate organic and external growth Strong organic growth opportunities in core business Track record of solid Pipeline of strategic M&A opportunities returns for shareholders Targeted M&A using rigorous evaluation Strong M&A execution and retu
Slide 15: Delivering Superior Shareholder Value
Delivering Superior Shareholder Value Inspiring employees through Longer-term a high performance culture reflecting financial outlook accountability, inclusion and diversity Aggressively capturing growth Organic growth opportunities through innovation in complemented with M&A sustainable infrast
Slide 16: Save the date
Save the date Investor Day Feb. 19, 2019 in Miami, FL • 1-5 p.m. – Corporate Strategy Presentation • 5-6 p.m. – Reception with executive management 1 Hotels | www.1hotels.com 16
Slide 17: Non-US GAAP Financial Measures
Non-US GAAP Financial Measures Pro-forma adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the Energy, Chemicals and Resources (“ECR”) Non-GAAP Reconciliation Table TTM ended 6/29/2018 business is calculated by adding back ECR Segment Operating profit $ 205,965 d