Slide 1: Investor Presentation
Investor Presentation FTI Consulting, Inc. February 2026
Slide 2: Cautionary Note about Forward-Looking Statements
Cautionary Note about Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical
Slide 3: FTI Consulting: Experts with Impact
FTI Consulting: Experts with Impact FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes FCN $5.1B 1982 8,100+ Publicly Equity Market Year Employees Traded Capitalization (1) Founded Worldwide 790+ 84 18 S
Slide 4: Our Global Reach
Our Global Reach With offices in 84 cities and 32 countries and territories, FTI Consulting has a presence in every major financial center and every corner of the globe, and we successfully serve our clients wherever challenges and opportunities arise. Office Locations The Americas Europe, Middle As
Slide 5: Investment Thesis
Investment Thesis Leading global business advisory firm with strong people and strong positions: corporations, law firms and governments come to us when there is a critical need Organic growth strategy with an emphasis on profitable revenue growth Committed to building a profitable business with sus
Slide 6: Business Snapshot: Five Segments, One Purpose
Business Snapshot: Five Segments, One Purpose Forensic and Litigation Consulting ▪ Construction, Projects & Assets Corporate Finance and Environmental Solutions ▪ Transactions ▪ Data & Analytics ▪ Transformation ▪ Dispute Advisory Services ▪ Turnaround & Restructuring ▪ Healthcare Risk Management &
Slide 7: Revenues Snapshot: Segment Revenues and Geographic Revenues
Revenues Snapshot: Segment Revenues and Geographic Revenues FY 2025 Segment Revenues FY 2025 Total Adjusted Segment EBITDA (1) 10% 11% 10% 8% 41% 4% 54% 19% 23% 20% Corporate Finance Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications (1) See accompanying finan
Slide 8: Corporate Finance
Corporate Finance Services ▪ Transactions – Diligence (Financial, Tax, HR, IT, Synergy and Regulatory) – Investment Banking – Merger Integration & Carve-Out 26 – Valuation & Financial Advisory Services countries and ▪ Transformation territories – Cost Transformation – Data & Technology Transformatio
Slide 9: Corporate Finance (continued)
Corporate Finance (continued) Segment Offering 2025 Key Financial Commentary Our Corporate Finance segment focuses on ▪ Revenues increased $159.8 million, or 11.5%, to $1,551.0 million for the year ended the strategic, operational, financial, December 31, 2025, primarily due to higher demand for our
Slide 10: Forensic and Litigation Consulting
Forensic and Litigation Consulting Services ▪ Construction, Projects & Assets and Environmental Solutions (“Construction Solutions”) – Environmental Cost & Damages Analyses – Expert Services in Delay, Disruption, Quantum & Damages – Project Delivery and Asset Management Advisory & Transformation 20
Slide 11: Forensic and Litigation Consulting (continued)
Forensic and Litigation Consulting (continued) Segment Offering 2025 Key Financial Commentary Our Forensic and Litigation Consulting segment provides law firms, companies, ▪ Revenues increased $74.5 million, or 10.8%, to $764.7 million for the year ended December boards of directors, government enti
Slide 12: Economic Consulting
Economic Consulting Services ▪ Antitrust & Competition Economics – M&A-related Antitrust 24 – Non-M&A-related Antitrust ▪ Financial Economics countries – Contractual Claims – Rate Setting – Securities Litigation & Risk Management – Transfer Pricing – Valuation ▪ International Arbitration – Business
Slide 13: Economic Consulting (continued)
Economic Consulting (continued) Segment Offering 2025 Key Financial Commentary Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides ▪ Revenues decreased $142.7 million, or 16.5%, to $720.8 million for the year ended law firms, companies, government entities December 31
Slide 14: Technology
Technology Services ▪ Blockchain & Digital Assets – Blockchain Managed Services 16 – Cryptocurrency and Digital Asset Regulatory Compliance – Cryptocurrency Disputes and Investigations – Decentralized Due Diligence – Digital Asset Expert Services and Investigations ▪ – Enterprise Blockchain Innovati
Slide 15: Technology (continued)
Technology (continued) Segment Offering 2025 Key Financial Commentary Our Technology segment provides companies, law firms, private equity firms ▪ Revenues decreased $43.8 million, or 10.5%, to $373.9 million for the year ended December and government entities with a 31, 2025, primarily due to lower
Slide 16: Strategic Communications Services
Strategic Communications Services ▪ Corporate Reputation – Crisis and Issues Management – Cybersecurity and Data Privacy 22 Communications countries – Digital, Analytics and Insights – Litigation Communications – People & Transformation ▪ Financial Communications – Corporate Governance & Shareholder
Slide 17: Strategic Communications (continued)
Strategic Communications (continued) Segment Offering 2025 Key Financial Commentary Our Strategic Communications segment develops and executes communications ▪ Revenues increased $42.4 million, or 12.6%, to $378.5 million for the year ended December strategies to help management teams, 31, 2025, whi
Slide 18: Fourth Quarter 2025 Select Awards & Accolades
Fourth Quarter 2025 Select Awards & Accolades 18
Slide 19: Financial Overview
Financial Overview im F. F usulrind
Slide 20: FY 2021 – FY 2026 Guidance: Revenues
FY 2021 – FY 2026 Guidance: Revenues $3,940 - $4,100 20
Slide 21: FY 2021 – FY 2025: Net Income and Adjusted EBITDA
FY 2021 – FY 2025: Net Income and Adjusted EBITDA Net income Adjusted EBITDA (1) (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the reconciliation and definition of Adjusted EBITDA, which is a non-GAAP financial measure, to the most directly com
Slide 22: FY 2021 – FY 2026 Guidance: Earnings per Diluted Share and Adjusted EPS
FY 2021 – FY 2026 Guidance: Earnings per Diluted Share and Adjusted Earnings per Diluted Share $8.90 - $9.60 (1) $8.90 - $9.60 (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the reconciliation and definition of Adjusted Earnings per Diluted Shar
Slide 23: Full Year 2025, 2024 and 2023: Select Cash Position and Capital Allocation
Full Year 2025, 2024 and 2023: Select Cash Position and Capital Allocation All numbers in thousands, except for DSO 2025 2024 2023 Cash and cash equivalents $ 265,091 $ 660,493 $ 303,222 Accounts receivable, net $ 1,037,678 $ 1,020,174 $ 1,102,142 Short-term investments (1) $ — $ — $ 25,461 Days sal
Slide 24: Financial Tables: Reconciliations of Non-GAAP Financial Measures
Fe Financial Tables Reconciliations of Non-GAAP Financial Measures
Slide 25: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in thousands) FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Net income $ 270,871 $ 280,088 $ 274,892 $ 235,514 $ 234,966 Income tax provision 100,140 70,683 83,471 62,235 62,981 Interest income and other (1) (3,330) (10,360) 4,867 (3,918) (6,193) Interest e
Slide 26: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Years Ended December 31, 2025 and December 31, 2024 All numbers in $000s Year Ended December 31, 2025 Forensic and Litigation Economic Strategic Unallocated Corporate Finance Technology Total Consulting
Slide 27: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Years Ended December 31, 2023 and December 31, 2022 All numbers in $000s Year Ended December 31, 2023 Forensic and Litigation Economic Strategic Unallocated Corporate Finance Technology Total Consulting
Slide 28: Reconciliations of Net Income to Adjusted Net Income and Adjusted Earnings per Diluted Share
Reconciliations of Net Income to Adjusted Net Income and Earnings per Diluted Share to Adjusted Earnings per Diluted Share (in thousands, except for per share data) FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 Net income $ 270,871 $ 280,088 $ 274,892 $ 235,514 $ 234,966 Add back: Special charges 25,295 8
Slide 29: Reconciliation of Net Income to Total Adjusted Segment EBITDA
Reconciliation of Net Income to Total Adjusted Segment EBITDA (in thousands) FY 2025 Net income $ 270,871 Add back: Income tax provision 100,140 Interest income and other (3,330) Interest expense 21,396 Unallocated corporate expenses 127,837 Segment depreciation expense 43,255 Amortization of intang
Slide 30: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in thousands) FY 2025 FY 2024 FY 2023 Net cash provided by operating activities $ 152,132 $ 395,097 $ 224,461 Purchases of property and equipment (58,531) (34,900) (49,562) Free Cash Flow (1) $ 93,601 $ 360,197 $ 174,899
Slide 31: End Notes: FTI Consulting Non-GAAP Financial Measures
End Notes: FTI Consulting Non-GAAP Financial Measures In this presentation, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the Un
Slide 32: Experts with Impact
im F, TY CONSULTING Experts with Impact” 32