Dlh Holdings Corp. · NASDAQ:DLHC

Dlh — Q3 2023 Earnings Presentation

18 slides from Dlh's earnings presentation, Aug 3, 2023

Slide 3: Forward-Looking Statements
Forward-Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release 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 futur
Slide 4: Financial Highlights
Financial Highlights REVENUE OPERATING INCOME EBITDA1 $102.2M $7.1M $11.4M TERM LOAN BACKLOG DILUTED EPS $195.8M $817.8M $0.12 Reflects acquisition of GRSi As of June 30, 2023 © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 4 1 A reconciliation of EBITDA is available on slide 16.
Slide 5: Third Quarter Headlines
Third Quarter Headlines Awarded Contract Vehicle to Provide Agile Development, Post-Acquisition Integration Fiscal Responsibility Act of Data Sciences, and Strategy Continues on Schedule 2023 Signed into Law Services for the NHLBI DLH will compete for a wide range of IT Integration of key business s
Slide 7: Key Financial Results
Key Financial Results FY23Q3 FY22Q3 Revenue $102.2 million $66.4 million Adjusted Revenue1 $102.2 million $71.6 million EBITDA1 $11.4 million $9.0 million Adjusted EBITDA1 $11.4 million $8.4 million Operating Income $7.1 million $7.1 million Adjusted Operating Income1 $7.1 million $6.5 million FY23
Slide 8: Key Adjusted Financial Metrics
Key Adjusted Financial Metrics $ millions $ millions $110.0 ADJ. REVENUE1 $12.0 ADJ. EBITDA1 $100.0 36% $10.0 ▲ $90.0 % 43 $8.0 ▲ $80.0 $70.0 $6.0 $11.4 $102.2 $60.0 $8.4 $4.0 $50.0 $71.6 $2.0 $40.0 $30.0 $0.0 FY22Q3 FY23Q3 FY22Q3 FY23Q3 $ millions $ millions $7.5 ADJ. OPERATING INCOME1 $16.0 ADJ. C
Slide 9: Analysis of Year over Year Results
Analysis of Year over Year Results Strong EBITDA improvement of $3M offset by $2.4M incremental non-cash D&A related to GRSi acquisition; interest expense to be addressed via debt reduction and rate management Three Months Ended Drivers of interest expense: YoY Change 6/30/2023 6/30/2022 $ millions
Slide 10: FY23 quarterly debt paydown performance and targets
FY23 quarterly debt paydown performance and targets Management reaffirms year-end debt target Q3 debt reduction of $8.5M; all applied to $ millions $210 floating rate debt $205 Debt repayment plan remains unchanged: $200 • Maximize free cash flow through continued $195 focus on producing cash from o
Slide 13: Non-GAAP Reconciliations
Non-GAAP Reconciliations This document contains non-GAAP financial information including Adjusted Revenue, Adjusted Operating Income, EBITDA, Adjusted Net Income, Adjusted EBITDA, EBITDA Margin on Revenue, Adjusted EBITDA Margin on Adjusted Revenue, and Adjusted Cash from Operations are not recogniz
Slide 14: Historical Revenue
Historical Revenue $ millions $450 12.0% $400 10.30% 10.40% 9.80% 10.0% $350 8.70% 8.30% $125.8 $300 8.0% 7.20% $250 $1.7 6.0% 5.30% $200 3.90% $150 4.0% $269.4 $244.4 $100 $209.2 1.40% $160.4 2.0% 0.70% $133.2 $115.7 $50 $85.6 $60.5 $65.3 $53.5 $0 0.0% FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 F
Slide 15: Reconciliation of Trending EBITDA
Reconciliation of Trending EBITDA Twelve Months Ended September 30, (amount in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Net (loss)/income $ (159) $ 5,357 $ 8,728 $ 3,384 $ 3,288 $ 1,836 $ 5,324 $ 7,114 $ 10,145 $23,288 (i) Interest expense/other (income) 407 4 (744) 823 1,228 1,1
Slide 16: Reconciliation of Non-GAAP Financial Results
Reconciliation of Non-GAAP Financial Results Three Months Ended Nine Months Ended June 30, June 30, 2023 2022 Change 2023 2022 Change Adjusted Revenue 66,440 327,940 (a): Represents revenue adjusted to exclude revenue from the short-term FEMA task orders Revenue 102,241 35,801 274,385 (53,555) durin
Slide 17: Reconciliation of Adjusted Cash from Operations
Reconciliation of Adjusted Cash from Operations Nine Months Ended June 30, (amount in thousands) 2023 2022 Operating activities Net income $4,088 $19,846 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 11,281 5,740 Amortizatio
Slide 18: About DLH
About DLH DLH enhances public health and national security readiness missions through science, technology, cyber, and engineering solutions and services. The Company’s experts solve some of most complex and critical missions faced by the federal government, leveraging digital transformation, artific

DLH Holdings — Q3 2023 Earnings Presentation on 6ix

Dlh — Q3 2023 Earnings Presentation

Slide 1: FY2023 Third Quarter Earnings Presentation

Slide 2: Call Participants

Slide 3: Forward-Looking Statements

Slide 4: Financial Highlights

Slide 5: Third Quarter Headlines

Slide 6: Financials

Slide 7: Key Financial Results

Slide 8: Key Adjusted Financial Metrics

Slide 9: Analysis of Year over Year Results

Slide 10: FY23 quarterly debt paydown performance and targets

Slide 11: © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 11

Slide 12: Appendix

Slide 13: Non-GAAP Reconciliations

Slide 14: Historical Revenue

Slide 15: Reconciliation of Trending EBITDA

Slide 16: Reconciliation of Non-GAAP Financial Results

Slide 17: Reconciliation of Adjusted Cash from Operations

Slide 18: About DLH