Caci International, Inc. · NYSE:CACI
Caci International — Q4 FY2011 Earnings Presentation
19 slides from Caci International's earnings presentation, Aug 18, 2011
Slide 1: Fiscal Fourth Quarter and Full Year 2011 Earnings Conference Call
CACI International Inc Fiscal Fourth Quarter and Full Year 2011 Earnings Conference Call August 18, 2011
Slide 2: Forward-looking Statements
Forward-looking Statements There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could ca
Slide 3: Participants
Participants Paul Cofoni President and Chief Executive Officer Tom Mutryn Chief Financial Officer Bill Fairl President of U.S. Operations Dan Allen Chief Operating Officer of U.S. Operations Greg Bradford Chief Executive of CACI Limited UK Q4 FY11, August 18, 2011 3
Slide 4: Record Fourth Quarter Results
Record Fourth Quarter Results RECORDS RECORD RECORD ` Revenue of $963.2M …………………………………………………………………….. ` Pro forma operating income of $69.9M up 36.3% …. up 13.5% RECORD ` Pro forma net income of $40.9M …….……………….…. up 44.8% RECORD ` Pro forma diluted EPS of $1.28 ……………………………… up 40.9% Q4 FY11, Augus
Slide 5: Record FY11 Results
Record FY11 Results RECORDS RECORD RECORD ` Revenue of $3.6B …………………….………………………………………………………….. ` Pro forma operating income of $241.3M up 25.3% up 13.6% RECORD ` Pro forma net income of $138.1M ………………..…. up 31.2% RECORD ` Pro forma diluted EPS of $4.41 ……………………………… up 28.6% RECORD ` Operating cash
Slide 6: Factors Driving CACI's Financial Performance
Factors Driving CACI’s Financial Performance Focus on mission-critical, well-funded markets Operational excellence Capitalizing on opportunities in fast-growing emerging markets Successful M&A program Q4 FY11, August 18, 2011 6
Slide 7: Factors Propelling CACI's Growth
Factors Propelling CACI’s Growth Persistent threat environment Clients seeking information superiority in the threat environment Government budgetary constraints driving the need to reduce costs and increase productivity Q4 FY11, August 18, 2011 7
Slide 8: Responding to a Challenging Government Environment
Responding to a Challenging Government Environment Finding opportunity in our addressable markets: • CACI mobility solutions putting capabilities at the fingertips of our forces, creating a tactical advantage Believe we are well-positioned to address persistent and emerging issues, including: •
Slide 9: Financial Results
Financial Results 4th Quarter Revenue FY11 Revenue Record revenue driven by: Record revenue driven by: Organic revenue growth of 11.5% Organic revenue growth of 11.6% Direct labor growth of 9.5% Direct labor growth of 9.5% ODC growth of 16.0% ODC growth of 17.4% Q4 FY11, August 18, 2011
Slide 10: Financial Results
Financial Results 4th Quarter Pro Forma FY11 Pro Forma Operating Income * Operating Income * Record operating income driven by: Record operating income driven by: Direct labor growth Direct labor growth Continued control of indirect Continued control of indirect expenses expenses * Pro forma
Slide 11: Financial Results
Financial Results 4th Quarter Pro Forma FY11 Pro Forma Net Income and EPS* Net Income and EPS* Pro forma effective tax rate of 36.1% in the quarter; 36.4% for FY11 Earnings growth driven by strong operating income and reduced tax rate * Pro forma results exclude acquisition earn-out adjustments
Slide 12: Other Financial Metrics
Other Financial Metrics DSOs Cash and equivalents of $165 million Operating cash flow of $79 million in the quarter; $226 million for FY11 Pro forma diluted adjusted EPS of $1.71 for the quarter; $6.12 for FY11 * Net debt of $245 million; net debt/pro forma TTM EBITDA = 0.8x * * Pro forma re
Slide 13: Raising Guidance for FY12
Raising Guidance for FY12 Current FY12 Previous FY12 Guidance* Guidance Revenue (millions) $3,750 - $3,950 $3,750 - $3,950 Net income (millions) $147 - $153 $144 - $150 Diluted EPS $4.70 - $4.90 $4.60 - $4.80 Diluted shares (millions) 31.3 31.3 *Based on expected GAAP results FY12 revenue expected t
Slide 14: Fourth Quarter and FY11 Performance
Fourth Quarter and FY11 Performance Contract funding orders of $872 million in the quarter; $3.6 billion for FY11 • Nearly 70% of expected FY12 revenue to come from contracts we already have Funded backlog of $1.8 billion Contract awards of $550 million in the quarter; $3.2 billion for FY11 •
Slide 15: Leading Indicators Pointed in Right Direction
Leading Indicators Pointed in Right Direction Opportunity pipeline remains strong • $5.7 billion in submitted proposals under evaluation • Expect to submit more than $8.5 billion in new proposals by December 31, 2011 350 firm open hiring reqs FY11 performance has laid a solid foundation for a
Slide 16: Key Growth Markets
Key Growth Markets Mission-critical Intelligence, Surveillance and Reconnaissance (ISR) Full-spectrum Cyberspace Operations Business Transformation Healthcare IT Q4 FY11, August 18, 2011 16
Slide 17: Broadening Portfolio of Solutions and Services
Broadening Portfolio of Solutions and Services Intelligence, Surveillance and Reconnaissance • $19 million task order to provide training on software and equipment to the Army’s Aerial Reconnaissance Support Team • Acquisition of Pangia Technologies Cyberspace Operations • $9 million award to de
Slide 18: Broadening Portfolio of Solutions and Services
Broadening Portfolio of Solutions and Services Business Transformation • $30 million task order to revolutionize the way DIA manages security clearances • $17 million award to support implementation and migration of financial management system for the DoD’s Washington Headquarters Services Healt
Slide 19: CEO Closing Comments
CEO Closing Comments FY11 was another record year We continue to successfully execute our growth strategy We offer a proven combination of innovation, operational excellence, and customer dedication to a large addressable market with room for growth FY11 performance creates a solid foundatio