Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q1 FY2020 Earnings Presentation
13 slides from Booz Allen Hamilton's earnings presentation, Jul 29, 2019
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2020, First Quarter July 29, 2019
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL 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 FIRST QUARTER FISCAL YEAR 2020 RESULTS FIRST QUARTER (1) Revenue $1.8 billion 10.8% Increase Revenue, Excluding Billable Expenses $1.3 billion 8.9% Increase Adjusted EBITDA $199 million 12.0% Increase Adjusted EBITDA Margin on Revenue 10.9% 1.1% Increase Net Income $117 million
Slide 5: Q1 FY'20 Performance: Aligned with Investment Thesis
Q1 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 curre
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2020 RESULTS FIRST QUARTER (1) Revenue $1.8 billion 10.8% Increase Revenue, Excluding Billable Expenses $1.3 billion 8.9% Increase Adjusted EBITDA $199 million 12.0% Increase Adjusted EBITDA Margin on Revenue 10.9% 1.1% In
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG (1) $21.4 $20.5 $22.0 $20.4 $19.9 $19.3 $12.4 $16.7 $16.7 $17.0 $12.4 $12.3 $16.1 $12.2 $16.5 $13.6 $13.5 $13.6 $14.0 $9.2 $9.6 $10.1 in billions $9.2 $7.0 $7.5 $7.7 $8.3 $11.0 $4.8 $3.9 $4.5 $4.4 $5.5 $3.3 $3.2 $3.1 $3.2 $4.2 $4.2 $4.1 $3.7 $3.3 $3.6 $4.2 $
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 ~$41 million(1) during the quarter – Aim to deploy an additional ~$1.0 billion through FY'21, aligning wit
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY'20 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q4'19) Revenue Growth 6.0 - 9.0% 6.0 - 9.0% Adjusted EBITDA Margin on Revenue Low 10% range Low 10% range Adjusted Diluted EPS $2.90 - $3.05 $2.90 - $3.05 Net Cash Provided by Operating Activities $400 - $450 million $40
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 (a) Reflects the combination of Interest expense June 30, and Other income (expense), net from the (In thousands, except share and per share data) 2019 2018 condensed consolidated statement of operations. (Unaudited) Revenue, Excluding Billable Expen
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS First Quarter Fiscal 2020 – Below is a summary of the key factors driving results for the fiscal 2020 first quarter ended June 30, 2019 as compared to the prior year period: • Revenue increased by 10.8% to $1.8 billion driven primarily by continued strength in client
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