Dlh Holdings Corp. · NASDAQ:DLHC
Dlh — Q2 FY2020 Earnings Presentation
16 slides from Dlh's earnings presentation, May 7, 2020
Slide 1: FY2020 Second Quarter Earnings Presentation
FY2020 Second Quarter Earnings Presentation Three Months Ended 03.31.2020 ZACH PARKER | PRESIDENT & CEO KATHRYN JOHNBULL | CFO MAY 7, 2020 Your Mission Is Our Passion © Copyright 2020 DLH Holdings Corp. All Rights Reserved. © Copyright 2020 DLH Holdings Corp. All Rights Reserved.
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 2020 Second Quarter Highlights & Summary
Fiscal 2020 Second Quarter Highlights & Summary* • Posted Q2 revenue of $54.8 million versus $33.8 million in FY19 • Operating income of $3.8 million, up from $2.3 million last year • EBITDA of $5.6 million, compared to $2.9 million in FY19 • VA cancels small business RFP for pharmacy services • DLH
Slide 4: A Portfolio of National, Mission-Critical Operations & Solutions
A Portfolio of National, Mission-Critical Operations & Solutions Defense & Veterans Health Solutions Human Services and Solutions Public Health and Life Sciences DLH TACKLING COVID-19 FOR THE VA, DOD, CDC, NIAID, AND OTHERS • Care and treatment of military • Specialized communications • Clinical tri
Slide 5: COVID-19 Public Health & Life Sciences Sector Work
COVID-19 Public Health & Life Sciences Sector Work SELECTIVE CLINICAL TRIALS LEVERAGING DLH CLINICAL NETWORK: • Remdesivir (by Gilead) Early Progress By Novartis • Hydroxychloroquine • Azithromycin in conjunction with Hydroxychloroquine • Canakinumab • Ruxolitinib INVESTIGATING INTERACTIONS WITH CHR
Slide 6: DLH's InfiniByte Cloud Secure Data Analytics Environment
DLH’s InfiniByte CloudTM Secure Data Analytics Environment • Achieves FedRAMP Marketplace Status Infinibyte CloudTM • Differentiating PaaS solution for Big Data programs • Provides key cybersecurity services • Managing large (petabyte) databases for clients © Copyright 2020 DLH Holdings Corp. All Ri
Slide 7: FY2020 Q2 Results: Revenue
FY2020 Q2 Results: Revenue $ Millions $40 $54.8 $30 $33.8 $20 $10 $0 FY19Q2 FY20Q2 Reflects S3 contribution of $18.7 million and organic growth across the Company © Copyright 2020 DLH Holdings Corp. All Rights Reserved. 7
Slide 8: FY2020 Q2 Results: Operating Income
FY2020 Q2 Results: Operating Income $ Millions $4.0 $3.5 $3.8 $3.0 $2.5 $2.0 $2.3 $1.5 $1.0 $0.5 $0.0 FY19Q2 FY20Q2 Largely reflects impact from increase in revenue year-over-year; FY2020 absorbing substantially higher amortization from acquired intangibles © Copyright 2020 DLH Holdings Corp. All Ri
Slide 9: FY2020 Q2 Results: EBITDA
FY2020 Q2 Results: EBITDA $ Millions $6.0 $5.0 $5.6 $4.0 $3.0 $2.0 $2.9 $1.0 $0.0 FY19Q2 FY20Q2 Performance reflects overall revenue growth and solid margins; EBITDA as a percentage of revenue rose to 10.2% in Q2 of FY2020 from 8.5% in Q2 of FY2019 A reconciliation of net income to EBITDA and EBITDA
Slide 10: Debt Position and Outlook
Debt Position and Outlook 6/7/2019 9/30/2019 3/31/2020 Debt Balance* $70 M $56 M $55 M Less cash on hand $1.9 $1.8 $1.1 Net Debt $68.1 M $54.2 M $53.9 M** *$70M originally **3/31/20 balances reflect delays from financial system integration Increased operating cash flow anticipated in subsequent quar
Slide 11: Q&A
Q&A © Copyright 2020 DLH Holdings Corp. All Rights Reserved.
Slide 12: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations This document contains non-GAAP financial information. Management uses this information in its internal analysis of results and believes this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our
Slide 13: FY2020 Q2 EBITDA Reconciliation
FY2020 Q2 EBITDA Reconciliation © Copyright 2020 DLH Holdings Corp. All Rights Reserved. 13
Slide 14: A History of Solid Performance
A History of Solid Performance Historical Revenue ($ in millions) Historical EBITDA* ($ in millions) $180 $16 $160 $14 $140 $12 $120 $10 $100 $8 $80 $160.4 $13.9 $133.2 $6 $60 $115.7 $11.0 $4 $8.4 $40 $85.6 $60.5 $65.3 $53.5 $4.5 $20 $2 $0.4 $2.6 $0.9 $0 $0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY13 FY
Slide 15: Trending EBITDA Reconciliation
Trending EBITDA Reconciliation © Copyright 2020 DLH Holdings Corp. All Rights Reserved. 15
Slide 16: Corporate Headquarters
CORPORATE HEADQUARTERS NATIONAL CAPITAL DURHAM, NORTH CAROLINA ATLANTA HQ REGION HQ OFFICES 3565 Piedmont Road, NE 8757 Georgia Avenue 4505 Emperor Boulevard Building 3 | Suite 700 Suite 1200 Suite 400 Atlanta, GA 30305 Silver Spring, MD 20910 Durham, NC 27703 Your Mission Is Our Passion © Copyright