Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q4 FY2020 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, May 26, 2020
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2020, Fourth Quarter May 26, 2020
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. Chief Financial Officer and Treasurer NICHOLAS VEASEY Vice President of Investor Relations 2
Slide 3: Disclaimer
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 include
Slide 4: Key Financial Results
KEY FINANCIAL RESULTS FISCAL YEAR 2020 RESULTS FOURTH QUARTER (1) FISCAL YEAR 2020 (1) Revenue $2.0 billion 10.6% Increase $7.5 billion 11.3% Increase Revenue, Excluding Billable Expenses $1.4 billion 9.8% Increase $5.2 billion 9.9% Increase Adjusted EBITDA $173 million 12.6% Increase $754 million 1
Slide 5: FY'20 Performance: Aligned with Investment Thesis
FY'20 PERFORMANCE: ALIGNED WITH INVESTMENT THESIS UPDATED INVESTMENT THESIS Unique Market Position = Strong Financial Returns + Option Value – Investments in innovation, talent, FY'18 - FY'21 – Continued investment in and capabilities position us to help new business lines and clients adopt current
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FISCAL YEAR 2020 RESULTS FOURTH QUARTER (1) FISCAL YEAR 2020 (1) Revenue $2.0 billion 10.6% Increase $7.5 billion 11.3% Increase Revenue, Excluding Billable Expenses $1.4 billion 9.8% Increase $5.2 billion 9.9% Increase Adjusted EBITDA $173 million
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG (1) $23.0(4) $22.9 $22.0 (4) $21.4 $20.5 $21.9 $22.0 $20.4 $19.9 $20.7 $19.3 $16.7 $16.7 $16.1 $17.0 $16.5 $14.0 $13.2 in billions $12.4 $13.1 $12.8 $12.4 $12.2 $12.3 $9.2 $9.6 $9.2 $10.1 $11.0 $8.3 $4.8 $5.4 $5.3 $5.5 $3.9 $4.2 $4.5 $3.7 $4.4 $4.5 $4.2 $4.1
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Multi-year capital deployment plan remains on track, subject to market conditions – Deployed ~$333 million during fiscal 2020, including ~$199 million during the fourth quarter – Reaffirming three-ye
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR '21 GUIDANCE OPERATING PERFORMANCE CURRENT Revenue Growth 6.0 - 10.0% Adjusted EBITDA Margin on Revenue Approximately 10% Adjusted Diluted EPS $3.40 - $3.60 Net Cash Provided by Operating Activities $550 - $600 million ASSUMPTIONS FOR ADEPS GUIDANCE CURRENT Tax Rate 20 -
Slide 10: Appendix
APPENDIX 10
Slide 11: Non-GAAP Financial Information
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 indic
Slide 12: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Fiscal Year Ended (a) Fiscal 2020 and fiscal 2019 reflect debt March 31, March 31, refinancing costs incurred in connection with the (In thousands, except share and per share data) 2020 2019 2020 2019 refinancing transactions consummated on (Unaudite
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Fourth Quarter Fiscal 2020 – Below is a summary of the key factors driving results for the fiscal 2020 fourth quarter ended March 31, 2020 as compared to the prior year period: • Revenue increased by 10.6% to $2.0 billion driven by sustained strength in client demand
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Fiscal Year Ended March 31, 2020 – Booz Allen's cumulative performance for fiscal 2020 has resulted in: • Net cash provided by operating activities was $551.4 million for the year ended March 31, 2020 as compared to $499.6 million in the prior year. The increase in op
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