Slide 1: FTI Consulting, Inc. First Quarter 2016 Earnings Conference Call
FTI Consulting, Inc. First Quarter 2016 Earnings Conference Call
Slide 2: Cautionary Note About Forward-Looking Statements
Cautionary Note About Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve uncertainties and risks. Forward- lo
Slide 3: Today's Speakers
Today’s Speakers Steven Gunby Catherine Freeman President and Chief SVP, Controller, Chief Accounting Officer Executive Officer and Interim Chief Financial Officer 3
Slide 4: First Quarter 2016 Financial Review
First Quarter 2016 Financial Review All numbers in $000s, except for per share data and percentages Q1 2016 Q4 2015 % Variance Q1 2015 % Variance Revenues $ 470,285 $ 442,204 6.4% $ 432,338 8.8% Fully Diluted Earnings Per Share $ 0.73 $ 0.25 192.0% $ 0.57 28.1% Adjusted Earnings Per Diluted Share(1)
Slide 5: First Quarter 2016 Segment Financial Review
First Quarter 2016 Segment Financial Review All numbers in $000s, except for percentages Q1 2016 Q4 2015 % Variance Q1 2015 % Variance Corporate Finance & Restructuring Revenue $ 127,156 $ 111,586 14.0% $ 106,212 19.7% (1) Adjusted Segment EBITDA $ 31,603 $ 18,927 67.0% $ 22,480 40.6% (1) Adjusted S
Slide 6: First Quarter 2016 Geographic Review
First Quarter 2016 Geographic Review Percentage of Revenues Revenue Growth Region Q1 2016 Q4 2015 Q1 2015 Q1 2016 vs. Q4 2015 Q1 2016 vs. Q1 2015 North America 74.4% 71.4% 73.6% 11.0% 10.1% EMEA 18.1% 20.6% 17.5% (6.9%) 12.1% Asia Pacific 5.8% 5.3% 6.1% 15.4% 3.2% Latin America 1.7% 2.7% 2.8% (33.8%
Slide 7: Cash Position/Capital Allocation
First Quarter 2016 Cash Position/Capital Allocation All numbers in $000s except for DSO Quarter to Date Year to Date Quarter to Date Q1 2016 Q4 2015 Q1 2015 Cash and cash equivalents $ 114,451 $ 149,760 $ 225,295 Accounts receivable, net $ 553,230 $ 499,784 $ 513,285 Days sales outstanding ("DSO") 9
Slide 8: Question & Answer Session
First Quarter 2016 Question & Answer Session Q&A 8
Slide 9: Financial Tables
im F. Fo suirind Financial Tables
Slide 10: Condensed Consolidated Statements of Comprehensive Income
Condensed Consolidated Statements of Comprehensive Income: Three Months Ended March 31, 2016 and 2015 and December 31, 2015 All numbers in $000s, except for per share data Three Months Ended March 31, Three Months Ended December 31, 2016 2015 2015 Revenues $470,285 $432,338 $442,204 Operating expens
Slide 11: Select Operating Results by Business Segment: Three Months Ended March 31, 2016 and 2015
Select Operating Results by Business Segment: Three Months Ended March 31, 2016 and 2015 All numbers in $000s, except for bill rate per hour and headcount data Three Months Ended March 31, 2016 Average Billable Revenue-Generating Headcount Revenues Adjusted EBITDA(1) Adjusted EBITDA Margin(1) Utiliz
Slide 12: Select Operating Results by Business Segment: Three Months Ended December 31, 2015
Select Operating Results by Business Segment: Three Months Ended December 31, 2015 All numbers in $000s, except for bill rate per hour and headcount data Three Months Ended December 31, 2015 Average Billable Revenue-Generating Headcount (1) (1) Revenues Adjusted EBITDA Adjusted EBITDA Margin Utiliza
Slide 13: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures: Three Months Ended March 31, 2016 and 2015 and December 31, 2015 All numbers in $000s, except for per share data Three Months Ended March 31, Three Months Ended December 31, 2016 2015 2015 Net income $30,181 $23,686 $10,349 Special charges, net of tax 3
Slide 14: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Q1 2016 and 2015
Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended March 31, 2016 and 2015 All numbers in $000s Three Months Ended March 31, 2016 Corporate Finance Forensic and Litigation Economic Strategic Unallocated & Restructuring Consulting Consulting Technology Communicat
Slide 15: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Q4 2015
Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended December 31, 2015 All numbers in $000s Three Months Ended December 31, 2015 Corporate Finance & Forensic and Litigation Strategic Unallocated Restructuring Consulting Economic Consulting Technology Communication
Slide 16: End Notes: FTI Consulting Non-GAAP Data Reconciliations
End Notes FTI Consulting Non-GAAP Data Reconciliations We define Adjusted Net Income and Adjusted Earnings per Diluted Share (“Adjusted EPS”) as Net Income and Earnings Per Diluted Share, respectively, excluding the impact of remeasurement of acquisition-related contingent consideration, special cha
Slide 17: Appendix
im F. Fo suirind Appendix
Slide 18: Awards & Accolades
First Quarter 2016 Awards & Accolades FTI Consulting Professionals recognized as FTI Technology named to 100 Companies That leading forensic accountants and digital Matter in Knowledge Management list by forensic experts by Who’s Who Legal KMWorld magazine for the sixth consecutive Investigations 20
Slide 19: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™