Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2022 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Jan 28, 2022
Slide 1: Fiscal Year 2022, Third Quarter Earnings Call Presentation
Fiscal Year 2022, Third Quarter January 28, 2022 EARNINGS CALL PRESENTATION
Slide 2: Call Participants
2 HORACIO ROZANSKI President and Chief Executive Officer LLOYD HOWELL, JR. Chief Financial Officer and Treasurer LAURA S. ADAMS Chief Accounting Officer and Interim Head of Investor Relations CALL PARTICIPANTS
Slide 3: Disclaimer: Forward Looking Safe Harbor Statement
3 DISCLAIMER 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 4: Investment Thesis
INVESTMENT THESIS EXCEPTIONAL SHAREHOLDER VALU Ne E CREATION a FY2025 GOALS ADJUSTED EBITDA visintine GROWTH TO $1.2—1.3B Sana! Deployment Organic Strategic Strong Mid 10% $3.5—4.5B Revenue @ Acquisitions & @ Adjusted EBITDA - 5-8% Investments Margin :
Slide 5: Key Financial Results Third Quarter Fiscal Year 2022
5 KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2022 RESULTS (1) Comparisons are to prior fiscal year period. THIRD QUARTER (1) FISCAL YEAR TO DATE (12/31/21) (1) Revenue $2.0 billion +6.6% $6.1 billion +4.2% Revenue, Excluding Billable Expenses $1.4 billion +6.2% $4.3 billion +3.8% Adjusted EBITD
Slide 6: Historical Backlog & Book-to-Bill
6 $22.0 HISTORICAL BACKLOG & BOOK-TO-BILL (1) For more information on the components of backlog, and the differences between backlog and remaining performance obligations, please see the Company's Form 10-K for the fiscal year ended March 31, 2021; totals may not sum due to rounding. (2) Backlog pre
Slide 7: Capital Allocation
7 CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Our multi-year capital deployment plan is to follow a disciplined and opportunistic approach, subject to market conditions – In Q3 FY22, we deployed approximately $139 million: – $50 million throug
Slide 8: Financial Outlook: Updated Full Year FY22 Guidance
8 FINANCIAL OUTLOOK UPDATED FULL YEAR FY22 GUIDANCE OPERATING PERFORMANCE UPDATED FY22 GUIDANCE ORIGINAL FY22 GUIDANCE Revenue Growth 5.7 – 7.2% 7.0 – 10.0% Adjusted EBITDA Margin on Revenue Approximately 11% Mid 10% Adjusted Diluted EPS(1) $4.10 – $4.30 $4.10 – $4.30 Net Cash Provided by Operating
Slide 9: FY22 ADEPS Walk
9 FY22 ADEPS WALK REAFFIRMING FY22 ADEPS GUIDANCE April FY22 ADEPS Guidance $4.10 - $4.30 Bond Interest ~$(0.09) Operational, Other Below-the-Line Items (e.g., Tax, Share Count) $0.09 July FY22 ADEPS Guidance(1) $4.10 - $4.30 (1) Reaffirming our FY22 guidance, which includes the added interest expen
Slide 10: FY22 Income Tax Drivers
10 FY22 INCOME TAX DRIVERS REAFFIRMING EFFECTIVE TAX RATE BRIDGE FROM FY21 TO FY22 FY21 Effective Tax Rate on an Adjusted Diluted EPS Basis 20.1% Puts and Takes: '– Marginal tax rate on incremental pretax income(1) +~0.5 – 1.0% '– State and local income tax credits(2) +~0.5 – 1.0% '– Other discrete
Slide 11: Appendix
11 APPENDIX
Slide 12: Non-GAAP Financial Information
12 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
Slide 13: Non-GAAP Financial Information
13 NON-GAAP FINANCIAL INFORMATION (a) Represents costs associated with the acquisition efforts of the Company related to transactions for which the Company has entered into a letter of intent to acquire a controlling financial interest in the target entity. Acquisition costs primarily include costs
Slide 14: Financial Results – Key Drivers
14 FINANCIAL RESULTS – KEY DRIVERS Third Quarter Fiscal 2022 – Below is a summary of the key factors driving results for the fiscal 2022 third quarter ended December 31, 2021 as compared to the prior year period: • Revenue increased 6.6% to $2.0 billion and Revenue, Excluding Billable Expenses incre
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