Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2021 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Jan 29, 2021
Slide 1: Fiscal Year 2021, Third Quarter Earnings Call Presentation
Fiscal Year 2021, Third Quarter January 29, 2021 EARNINGS CALL PRESENTATION
Slide 2: Call Participants
2 HORACIO ROZANSKI President and Chief Executive Officer LLOYD HOWELL, JR. Chief Financial Officer and Treasurer RUBUN DEY Director 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: Key Financial Results: Third Quarter Fiscal Year 2021 Results
4 KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2021 RESULTS (1) Comparisons are to prior fiscal year period THIRD QUARTER (1) YEAR TO DATE (12/31/20) (1) Revenue $1.9 billion 3.0% Increase $5.9 billion 7.0% Increase Revenue, Excluding Billable Expenses $1.3 billion 6.2% Increase $4.1 billion 9.1%
Slide 5: Q3 FY'21 Performance Aligned with Investment Thesis
5 Q3 FY'21 PERFORMANCE ALIGNED WITH INVESTMENT THESIS – Organic revenue growth of 3.0% year-over-year; headcount and backlog growth of 1.4% and 6.1% year-over-year, respectively – FY21 guidance midpoint implies an annualized organic revenue CAGR of ~8.5% over FY18-FY21 INDUSTRY LEADING ORGANIC REVEN
Slide 6: Key Financial Results: Third Quarter Fiscal Year 2021 Results
6 KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2021 RESULTS (1) Comparisons are to prior fiscal year period THIRD QUARTER (1) YEAR TO DATE (12/31/20) (1) Revenue $1.9 billion 3.0% Increase $5.9 billion 7.0% Increase Revenue, Excluding Billable Expenses $1.3 billion 6.2% Increase $4.1 billion 9.1%
Slide 7: Historical Backlog & Book-to-Bill
7 $22.0 HISTORICAL BACKLOG & BOOK-TO-BILL (1) For more information on the components of backlog, and the differences between backlog and remaining performance obligations, please see the Company's Form 10-K for the fiscal year ended 3/31/20 BACKLOG ($ IN BILLIONS) (1) (2) Revenue as adjusted from pr
Slide 8: Capital Allocation
8 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 – Deployed $142 million during the third quarter through dividends, share
Slide 9: Financial Outlook: Full Year FY21 Guidance
9 FINANCIAL OUTLOOK FULL YEAR FY21 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q2'21) Revenue Growth 4.8 - 6.0% 7.0 - 9.0% Adjusted EBITDA Margin on Revenue Mid to high 10% Low to mid 10% Adjusted Diluted EPS $3.70 - $3.85 $3.60 - $3.75 Net Cash Provided by Operating Activities $625 - $675 million
Slide 10: Appendix
10 APPENDIX
Slide 11: Non-GAAP Financial Information
11 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 12: Non-GAAP Financial Information
12 NON-GAAP FINANCIAL INFORMATION (a) Fiscal 2020 debt refinancing costs incurred in connection with the refinancing transactions consummated on November 26, 2019. (b) Represents the supplemental contribution to employees' dependent care FSA accounts in response to the COVID-19 outbreak. (c) Reflect
Slide 13: Financial Results – Key Drivers: Third Quarter Fiscal 2021
13 FINANCIAL RESULTS – KEY DRIVERS Third Quarter Fiscal 2021 – Below is a summary of the key factors driving results for the fiscal 2021 third quarter ended December 31, 2020 as compared to the prior year period: • Revenue increased by 3.0% to $1.9 billion and Revenue, Excluding Billable Expenses in
Slide 14: Financial Results – Key Drivers: Nine Months Ended December 31, 2020
14 FINANCIAL RESULTS – KEY DRIVERS Nine Months Ended December 31, 2020 – Below is a summary of the key factors driving results for the fiscal 2021 nine months ended December 31, 2020 as compared to the prior year period: • Net cash provided by operating activities was $799.0 million for the nine mon
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