Jacobs Solutions Inc. · NYSE:J
Jacobs Solutions — Jacobs — Cowen and Company 39th Annual Aerospace/Defense Conference 2018
17 slides from Jacobs Solutions's conference presentation, Feb 8, 2018
Slide 1: Delivering Advanced Solutions for a More Connected, Sustainable World
Delivering Advanced Solutions for a More Connected, Sustainable World Cowen Conference February 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: A Premier Global Solutions Provider
A Premier Global Solutions Provider • Largest Global Design Firm - focused on differentiated solutions, recurring professional services & construction management – Market leaders in growing end-markets, with long-standing client partnerships – Recent acquisitions in cyber, IT, nuclear, environment c
Slide 4: Jacobs – A Global Professional Services Leader
Jacobs (NYSE:JEC) – A Global Professional Services Leader Q1 REVENUE 2 FY Revenue 1 ~$15 B Net Debt $1.5 B $0.66 , Q1 Gross Margin2 18% Employees 74,000 $0.72 , 26% 24% Dividend $0.15 /qtr US/Int’l Mix ~60/40 $2.75 B $0.62 , $0.75 , Four Global Lines of Business Q1 Margins2 23% 27% Public & private
Slide 5: Aerospace & Technology (A&T) Snapshot (JEC Legacy)
Aerospace & Technology (A&T) Snapshot (JEC Legacy) FY17 Segment Results3 End Markets Served (% OF 2017 REVENUE) Revenue $2.4 B GOV'T SERVICES 74% COMM. AUTO & AERO 9% OP Margin 8.6 % COMM. TELECOM 7% NUCLEAR 7% Backlog $6.2 B ENVIRONMENTAL 3% Representative Clients US/Int’l Mix 88/12 BMW AT&T EDF UK
Slide 6: A&T - Core Global Markets
A&T - Core Global Markets Industry Capabilities Aerospace & Defense Advanced technologies, systems & full-spectrum support for aerospace & defense operations Sustainable development, compliance & resource management including ecosystems Environmental mitigation, restoration & reclamation Specialty F
Slide 7: A Portfolio Characterized By Long-Term Contracts & Recurring Revenues
A&T - A Portfolio Characterized By Long-Term Contracts & Recurring Revenues Customer Base Contract Type Contract Duration 3% 10% 10% 19% 78% 90% 90% Government Cost Reimbursable Long-term Contracts Commercial Fixed Price Discrete Projects Time & Materials *Percentages based on 2017 revenue 7
Slide 8: A&T - Significant Global Opportunities
A&T - Significant Global Opportunities • Large, stable & fragmented market presents meaningful growth path • Differentiated delivery model, cost posture & integration capability – Dedicated operating model supports long-term client relationships $2.0T – Services tailored to support needs of governme
Slide 9: A&T - A Closer Look @ Digital Solutions
A&T - A Closer Look @ Digital Solutions • Jacobs Connected Enterprise (JCE) covers a range of solutions for government & commercial clients, including traditional E&C customers – Core functions include industrial IoT, network infrastructure, cloud solutions, data analytics, cybersecurity, systems in
Slide 10: A&T - A Closer Look @ Aerospace
A&T - A Closer Look @ Aerospace • Ranked #1 in Aerospace, Engineering News Record (2017) • Awarded NASA’s 2017 Large Business Prime Contractor of the Year Award – 4,000+ employees support NASA operations across 9 facilities • As NASA’s largest non-OEM services provider, we provide a range of design,
Slide 11: A&T - A Closer Look @ Defense
A&T - A Closer Look @ Defense • 50+ years of continuous support to domestic and international governments • Major long-term clients include, U.K. Ministry of Defence, U.S. DoD, U.S. Special Operations Command, U.S. Intelligence Community, Australian Department of Defence • Extensive capabilities acr
Slide 12: Summary
Summary • Largest backlog in Jacobs and A&T history (5th straight quarter of growth) • Market trends favor consolidation • Well positioned to capture share in large, stable & fragmented markets – Highly competitive value posture – Ingrained culture of accountability and innovation – Demonstrated abi
Slide 13: A&T – Additional Project Examples
A&T – Additional Project Examples NASA Scania AB U.S. Environmental U.S. Department of Atomic Energy Canada Ltd Extreme Environment CD7 Climatic Wind Tunnel Protection Agency Defense Canadian Nuclear Mission Operations Sodertalje, Sweden Velsicol Superfund Site Mission Planning Software Laboratories
Slide 14: Thank You!
Thank You! © Copyright Jacobs January 30, 2018 www.jacobs.com | worldwide 14
Slide 15: Non-US GAAP Financial Measures
Non-US GAAP Financial Measures The following tables reconcile the U.S. GAAP values of net earnings, EPS, operating profit and operating profit margin to the corresponding "adjusted" amounts. For the comparable periods presented below, such adjustments consist of amounts incurred in connection with t
Slide 16: Non-US GAAP Financial Measures (cont’d)
Non-US GAAP Financial Measures (cont’d) Adjusted net earnings and adjusted EPS are non-GAAP financial measures that are calculated by excluding (i) the after-tax costs related to the 2015 restructuring activities, which included involuntary terminations, the abandonment of certain leased offices, co
Slide 17: Consolidated Footnotes
Consolidated Footnotes 1) FY Combined Revenue as of FY17Q2 TTM 2) FY18 Q1 Revenues include 2 week CH2M stub period; FY18 Q1 line of business margins exclude unallocated corporate expenses 3) FY17 ending September 29, 2017 4) Expected cumulative 2017-2021; based on internal assessment and third-party
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