Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — FY2017 Earnings Presentation
32 slides from Booz Allen Hamilton's earnings presentation, Jun 8, 2017
Slide 1: Investor Presentation June 2017 Fiscal year 2017 Full year and Fourth quarter
Investor Presentation June 2017 Fiscal year 2017 Full year and Fourth quarter Exhibit 99.1
Slide 2: Disclaimer
Disclaimer 1 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 inclu
Slide 3: Key investment themes
differentiated model which has delivered exceptional returns Diversified client and contract base Delivering near- and long-term value as a result of industry leading organic growth combined Key investment themes
Slide 4: A leader with a proud history: Company Overview
A leader with a proud history Company Overview We are a global firm of approximately 23,300 diverse, passionate, and exceptional people driven to excel, do right, and realize positive change in everything we do. We bring bold thinking and a desire to be the best in our work in consulting, analytics,
Slide 5: Company History
Company History With over 75 years of industry leadership, Booz Allen is one of the most respected names in government contracting 1914 1940 1949 1987 1992 1996 2001 2008 2010 2012 2013 2014 2015 2016 Founded by Edwin Booz in Chicago Received NASA space station contract (first contract over $100M) S
Slide 6: History of revenue growth
History of revenue growth Note: All years represent FYE March 31. FY96 through FY05 revenue is based on revenue derived directly from Booz Allen’s accounting system (JAMIS). FY06 and later revenue is based on revenue derived directly from Booz Allen’s consolidated financial statements, which have be
Slide 7: High-Quality and Diversified Contract Portfolio
High-Quality and Diversified Contract Portfolio Access to a large portfolio of contract vehicles allows Booz Allen to provide services to a broad customer base, minimizing volatility Diversified revenue base—delivered on over 4,800 U.S. government contracts and task orders in FY17 Largest definite c
Slide 8: Diversified client base
Diversified client base Commercial: Financial Services, Utilities, Energy, Retail, Manufacturing, Healthcare International: Middle East, North Africa Region, and Select Asian Markets GLOBAL COMMERCIAL (2.6%) U.S. Intelligence Agencies: National Security Agency, National Geospatial-Intelligence Agenc
Slide 9: Strong Backlog Provides Revenue Visibility
Strong Backlog Provides Revenue Visibility Booz Allen Backlog (1) Record backlog achieved in FY17, with growth in all categories ($ in billions) FY13 backlog excludes backlog gained in the BES acquisition.
Slide 10: Service offerings
Service offerings Digital Solutions Engineering Cyber Analytics Directed Energy Digital Solutions Network Cyber Futures Data Science & Machine Intelligence Engineering delivers in-depth technical solutions to our clients’ most challenging problems with core capabilities in command, communications, a
Slide 11: Key areas of differentiation
Key areas of differentiation We attribute our business and financial success to five key features Our culture Our purpose, as a firm, is to empower people to change the world, and we are committed to our employees Our strategy Successful execution of Vision 2020 reflects our ability to reinvent ours
Slide 12: Our growth strategy
Our growth strategy Key Elements Moving closer to the center of our clients’ core mission Increasing the technical content of our work Attracting and retaining superior talent in diverse areas of expertise Leveraging innovation to deliver complex, differentiated, end-to-end solutions Creating a broa
Slide 13: Client mission support: Global Threat Mitigation Program (GTMP)
Client mission support Case studies Global Threat Mitigation Program (GTMP) The nature of the 21st century physical and cybersecurity threats facing the US continues to evolve GTMP is a program to better share threat assessments, best practices and lessons learned to help ensure that our forces and
Slide 14: Client mission support: Department of Veterans Affairs (VA)
Client mission support Case studies Department of Veterans Affairs (VA) For over 60 years, Booz Allen has supported the Department of Veterans Affairs in serving the needs of America’s veterans – We’ve supported virtually every department of the VA, visiting every hospital and VA work location Our m
Slide 15: Client mission support: Platform Cyber
Client mission support Case studies Platform Cyber Our capabilities are the result of deep roots in Defense and Intel Community Today, our cyber capabilities span: Enterprise technology Operational technology (Platforms) including vehicles, critical infrastructure, weapon systems, satellites, and he
Slide 16: Key financial results: Fiscal year 2017 results
Year to date Fourth quarter Revenue $5.8 billion 7.4% Increase $1.6 billion 11.1% Increase Revenue, Excluding Billable Expenses $4.1 billion 4.1% Increase $1.1 billion 9.2% Increase Net Income $252.5 million 14.2% Decrease $66.3 million 1.1% Increase Adjusted Net Income $262.4 million 6.5% Increase
Slide 17: Capital structure and deployment
Capital structure and deployment We are committed to creating near- and long-term value for investors Through revenue growth, operational excellence and effective capital deployment Fiscal Year 2017 Deployment Aquilent (1)$250M Repurchase of 1.6M shares (2)$56.5M ($255M remaining authorization) Divi
Slide 18: Financial outlook
financial OUTLOOK Guidance as provided on May 22, 2017 Full Fiscal Year 2018 Estimated Weighted Average Diluted Share Count of 149.5 million shares, which excludes the impact of any potential FY18 share repurchase activities Assumes an effective tax rate in the range of 39% to 40% FISCAL 2018 FULL Y
Slide 19: Appendix
Appendix
Slide 20: Adjusted EBITDA margin trends
Adjusted ebitda margin trends Adj. EBITDA Margin (%) Fiscal Year EBITDA Margin 2017 9.4% 2016 9.4% 2015 9.9% 2014 9.7%
Slide 21: Capturing opportunities in an improving market
Capturing opportunities ...in an improving market We are winning and executing work that is at the core of our clients’ most critical missions We are being recognized as an Essential Partner to our clients Our pipeline remains healthy and we continue to see demand across our business Quarterly book
Slide 22: 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 indic
Slide 23: 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 24: Shareholder and stock information
Shareholder and stock information Booz allen Hamilton holding corporation’s class a common stock began trading on the new York stock exchange (nyse) on Nov 17, 2010 Fiscal Year – Booz Allen Hamilton Holding Corporation’s fiscal year starts April 1 and ends March 31 Share Price Information – Booz All
Slide 25: Shareholder and stock information (continued)
Shareholder and stock information (continued) Dividends – Booz Allen has utilized distributions (recurring and special dividends) as part of its capital deployment strategy. However, the actual declaration of any such future dividends and the establishment of the per share amount, record dates, and
Slide 26: Shareholder and stock information (continued)
Shareholder and stock information (continued) Transfer Agent & Registrar Computershare www.computershare.com/investor/ P.O. Box 30170 College Station, TX 77842-3170 Phone: 866-390-3908 Computershare maintains records for registered stockholders and provides stockholder services at no charge, includi
Slide 27: Shareholder and stock information (continued)
Shareholder and stock information (continued) Website: investors.boozallen.com Contact Information Investor Relations Curt Riggle Vice President of Investor Relations 703-377-5332 Riggle_Curt@bah.com Media James Fisher Principal, Media Relations 703-377-7595 Fisher_James_W@bah.com Corporate Governan
Slide 28: Financial and operational highlights
Financial and operational highlights a All interim periods reflect unaudited numbers while annual numbers are audited. b Basic and diluted weighted average shares outstanding and earnings per common share amounts are calculated using the two-class method. c Excel available on investors.boozallen.com
Slide 29: Financial and operational highlights: Unaudited non-GAAP financial information
Financial and operational highlights Unaudited non-gaap financial information (g) a The use and definition of Non-GAAP financial measurements can be found on slide 21. b Reflects amortization of intangible assets resulting from the acquisition of our Company by The Carlyle Group. c Fiscal 2017 refle
Slide 30: Unaudited non-GAAP financial information for FY08-FY17
Financial and operational highlights Unaudited non-gaap financial information for FY08-FY17 (h) a The use and definition of Non-GAAP financial measurements can be found on slide 21. b Reflects amortization of intangible assets resulting from the acquisition of our Company by The Carlyle Group. c Ref
Slide 31: Additional operating data
Additional operating data (a), (d) Financial and operational highlights a All interim periods reflect unaudited numbers while annual numbers are audited. b Calculated as the change in total backlog during the relevant fiscal quarter plus the relevant fiscal quarter revenue, all divided by the releva
Slide 32: Other Key Financial Metrics
Financial and operational highlights a All interim periods reflect unaudited numbers while annual numbers are audited. b Cash flow numbers are on a year-to-date basis for all periods presented. c In Q4 FY2016 the Company adopted two Accounting Standards Updates issued by the Financial Accounting Sta
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