Slide 1: August 2022
August 2022 1
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-loo
Slide 3: FTI Consulting: Experts with Impact
FTI Consulting: Experts with Impact FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes FCN $5.7B 1982 7,000+ Publicly Equity Market Year Employees Traded Capitalization (1) Founded Worldwide 700+ 85 30 9
Slide 4: Our Global Reach
Our Global Reach With offices in 85 cities and 30 countries, FTI Consulting has a presence in every major financial center and every corner of the globe, and we successfully serve our clients wherever challenges and opportunities arise. The Americas Europe, the Middle East, Africa Asia Australia Arg
Slide 5: Investment Thesis
Investment Thesis Leading global business advisory firm with strong people and strong positions: corporations, law firms and governments come to us when there is a critical need Organic growth strategy with an emphasis on profitable revenue growth Committed to building a profitable business with sus
Slide 6: Business Snapshot: Five Segments, One Purpose
Business Snapshot: Five Segments, One Purpose Forensic and Litigation Consulting ▪ Construction & Environmental Corporate Finance & Solutions Restructuring ▪ Data & Analytics ▪ Business Transformation ▪ Disputes ▪ Transactions ▪ Health Solutions ▪ Turnaround, Restructuring & ▪ Risk and Investigation
Slide 7: Segment Snapshot: Segment Revenues and Total Adjusted Segment EBITDA
Segment Snapshot: Segment Revenues and Total Adjusted Segment EBITDA 2Q 2022 Segment Revenues 2Q 2022 Total Adjusted Segment EBITDA (1) 9% 10% 10% 7% 37% 49% 22% 19% 22% 15% Corporate Finance & Restructuring Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications (
Slide 8: Corporate Finance & Restructuring
Corporate Finance & Restructuring Services ▪ Business Transformation – Finance & Office of the CFO Solutions 17 – People & Transformations countries – Revenue & Operations – Strategy – Technology Transformation ▪ Transactions – Diligence – Investment Banking & Transaction Opinions – Merger Integrati
Slide 9: Corporate Finance & Restructuring (continued)
Corporate Finance & Restructuring (continued) Segment Offering Q2 2022 Key Financial Commentary ▪ Revenues increased $46.1 million, or 20.0%, to $277.1 million for the three months ended The Corporate Finance & Restructuring segment focuses on the strategic, June 30, 2022, which included a 2.7% esti
Slide 10: Forensic and Litigation Consulting
Forensic and Litigation Consulting Services ▪ Construction & Environmental Solutions – Asset Lifecycle Management – Capital Program Risk Management 1,509 – Cost Analytics & Auditing Services ▪ Data & Analytics professionals – Anti-corruption and Anti-money Laundering – Dispute Resolutions, Investiga
Slide 11: Forensic and Litigation Consulting (continued)
Forensic and Litigation Consulting (continued) Segment Offering Q2 2022 Key Financial Commentary The Forensic and Litigation Consulting (“FLC”) ▪ Revenues increased $13.5 million, or 9.0%, to $164.2 million for the three months ended segment provides law firms, companies, June 30, 2022, which includ
Slide 12: Economic Consulting
Economic Consulting Services ▪ Antitrust & Competition Economics – Damages Analysis – M&A-related Antitrust – Non-M&A-related Antitrust 19 countries ▪ Financial Economics – Rate Setting – Securities Litigation & Risk Management – Transfer Pricing – Valuation 48 ▪ International Arbitration – Business
Slide 13: Economic Consulting (continued)
Economic Consulting (continued) Segment Offering Q2 2022 Key Financial Commentary The Economic Consulting segment, including ▪ Revenues decreased $19.3 million, or 10.5%, to $164.0 million for the three months ended subsidiary Compass Lexecon LLC ("Compass June 30, 2022, which included a 3.9% estima
Slide 14: Technology
Technology Services ▪ Corporate Legal Operations – Advisory on Governance, Policy, Standards and Execution 15 – Advisory on Operational Efficiencies countries – Contract Intelligence – Subscriptions and Managed Services ▪ E-discovery Services and Expertise – Analytics Research – Blockchain Advisory
Slide 15: Technology (continued)
Technology (continued) Segment Offering Q2 2022 Key Financial Commentary Our Technology segment provides ▪ Revenues decreased $0.9 million, or 1.1%, to $77.8 million for the three months ended June companies, law firms, private equity firms 30, 2022, which included a 2.5% estimated negative impact f
Slide 16: Strategic Communications Services
Strategic Communications Services ▪ Corporate Reputation – Crisis & Issues Management – Digital, Analytics & Insights 877 – ESG & Sustainability professionals – Litigation Communications ▪ Financial Communications – Corporate Governance & Shareholder Activism – M&A Communications – Restructuring & F
Slide 17: Strategic Communications (continued)
Strategic Communications (continued) Segment Offering Q2 2022 Key Financial Commentary The Strategic Communications segment ▪ Revenues increased $4.0 million, or 6.0%, to $71.9 million for the three months ended June develops and executes communications 30, 2022, which included a 5.8% estimated nega
Slide 18: Second Quarter 2022 Select Awards & Accolades
Second Quarter 2022 Select Awards & Accolades 18 18
Slide 19: Environmental, Social & Governance ("ESG"): Our Commitment & Progress
Environmental, Social & Governance (“ESG”): Our Commitment & Progress FTI Consulting’s approach to ESG underscores our commitment to being Experts With Impact™ who make a positive difference for our clients and communities. Environmental Social Governance We strive to do our part in addressing clima
Slide 20: Financial Overview
Financial Overview im F. F usulrind
Slide 21: FY 2019 – Q2 2022 and FY 2022 Guidance: Revenues
FY 2019 – Q2 2022 and FY 2022 Guidance: Revenues $2,920 - $3,045 $2,776 $2,461 $2,353 $ 724 $ 755 21
Slide 22: FY 2019 – Q2 2022: Net Income and Adjusted EBITDA
FY 2019 – Q2 2022: Net Income and Adjusted EBITDA Net income Adjusted EBITDA (1) (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliation of Adjusted EBITDA, which is a non-GAAP financial measure, to the most directly com
Slide 23: FY 2019 – Q2 2022 and FY 2022 Guidance: Earnings per Diluted Share
FY 2019 – Q2 2022 and FY 2022 Guidance: Earnings per Diluted Share and Adjusted Earnings per Diluted Share $6.40 - $7.20 (1) $6.40 - $7.20 $1.43 (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliation of Adjusted Earning
Slide 24: Select Cash Position and Capital Allocation
Q2 2022, Q1 2022 and Q2 2021: Select Cash Position and Capital Allocation All numbers in thousands, except for DSO Q2 2022 Q1 2022 Q2 2021 Cash and cash equivalents $ 255,730 $ 271,143 $ 256,875 Accounts receivable, net $ 905,548 $ 823,932 $ 846,121 Days sales outstanding (“DSO”) (1) 102 96 102 Net
Slide 25: Financial Tables: Reconciliations of Non-GAAP Financial Measures
Financial Tables Reconciliations of Non-GAAP Financial Measures
Slide 26: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in thousands) Q2 2022 Q1 2022 FY 2021 FY 2020 FY 2019 Net income $ 51,428 $ 59,321 $ 234,966 $ 210,682 $ 216,726 Income tax provision 13,353 16,967 62,981 51,764 71,724 (2,994) (6,193) (2,061) Interest income and other 347 412 Interest expense 2,448 2
Slide 27: Reconciliations of Net Income to Adjusted Net Income and Adjusted EPS
Reconciliations of Net Income to Adjusted Net Income and Earnings per Diluted Share to Adjusted Earnings per Diluted Share (in thousands, except for per share data) Q2 2022 Q1 2022 FY 2021 FY 2020 FY 2019 Net income $ 51,428 $ 59,321 $ 234,966 $ 210,682 $ 216,726 Add back: Special charges — — — 7,10
Slide 28: Reconciliation of Net Income to Total Adjusted Segment EBITDA
Reconciliation of Net Income to Total Adjusted Segment EBITDA (in thousands) Q2 2022 Net income $ 51,428 Add back: Income tax provision 13,353 (2,994) Interest income and other Interest expense 2,448 Unallocated corporate expenses 37,716 Segment depreciation expense 8,452 Amortization of intangible
Slide 29: Reconciliation of Net Cash from Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by (Used in) Operating Activities to Free Cash Flow (in thousands) Q2 2022 Q1 2022 Q2 2021 Net cash provided by (used in) operating activities $ 35,047 $ (203,778) $ 125,558 (13,028) (12,607) (19,724) Purchases of property and equipment Free Cash Flow (1) $ 22,019
Slide 30: End Notes: FTI Consulting Non-GAAP Financial Measures
End Notes: FTI Consulting Non-GAAP Financial Measures In this presentation, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the Un
Slide 31: Experts with Impact
im F, T YL CONSULTING Experts with Impact”