Amentum Holdings, Inc. · NYSE:AMTM
Amentum — Q2 2025 Earnings Presentation
15 slides from Amentum's earnings presentation, May 7, 2025
Slide 1: Earnings Conference Call Presentation Q2 FY25
Earnings Conference Call Presentation Q2 FY25 May 7, 2025 Advancing the future together The appearance of U.S. Department of Defense (DOD) visual information does not imply or constitute DOD endorsement.
Slide 2: Forward Looking Statements and Disclaimers
Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be “forward-looking statements” as that term is defin
Slide 3: Q2 FY25 Highlights
Q2 FY25 Highlights Revenues $3.5 billion Solid Q2 Performance Consistent 1 with Expectations Adjusted EBITDA1 $268 million Continued Demand for Mission-Focused 2 Solutions Across Diversified End-Markets Adjusted Diluted EPS1 $0.53 Divestiture of Rapid Solutions Aligns with 3 Strategy, Strengthens Ba
Slide 4: Business Development and Growth
Business Development and Growth Backlog and YTD Book-to-Bill Notable Q2 FY25 Awards ($’s in billions) Multiple Intelligence Awards $1+ billion in intelligence contracts, delivering a variety of mission-focused 1.0x solutions including critical infrastructure management, cyber security and intelligen
Slide 5: Divestiture of Rapid Solutions Aligns with Strategy, Strengthens Balance Sheet
Divestiture of Rapid Solutions Aligns with Strategy, Strengthens Balance Sheet Overview and Rationale Financial Benefits • Announced definitive agreement to divest Rapid Solutions product business • Strategically aligned to capital light business model • $360 million sale price with $325 million exp
Slide 6: Q2 FY25 Financial Performance
Q2 FY25 Financial Performance REVENUES 1 ADJUSTED EBITDA 1,2 ADJUSTED DILUTED EPS 2 Margin 2 +1% +3% +4% $3,465 $3,491 $0.53 $268 $0.51 $260 7.5% 7.7% Q2 FY24 3 Q2 FY25 Q2 FY24 3 Q2 FY25 Q2 FY24 3 Q2 FY25 Digital Solutions Increased revenues Higher operating profit Global Engineering Solutions Opera
Slide 7: Q2 FY25 Segment Performance
Q2 FY25 Segment Performance Digital Solutions Global Engineering Solutions REVENUES1 ADJUSTED EBITDA1,2 REVENUES1 ADJUSTED EBITDA1,2 Margin2 Margin2 +3% +7% -1% +1% $1,340 $2,166 $2,151 $1,299 $160 $161 $107 $100 7.7% 8.0% 7.4% 7.5% Q2 FY24 3 Q2 FY25 Q2 FY24 3 Q2 FY25 Q2 FY24 3 Q2 FY25 Q2 FY24 3 Q2
Slide 8: Deleveraging with Robust Free Cash Flow
Deleveraging with Robust Free Cash Flow Q2 FY25 Highlights $53 million Free Cash Flow1 As of March 28, 2025 • $57 million operating cash flow; $4 million capital expenditures ($ in millions) Rate Maturity Amount • Disciplined working capital management • Impacted by tax and interest payment timing $
Slide 9: Updating Fiscal Year 2025 Outlook and Reaffirming Prior Guidance Mid-Points
Updating Fiscal Year 2025 Outlook and Reaffirming Prior Guidance Mid-Points Key Assumptions ($’s in millions, except per share data) Guidance FY25 Revenue Contributions • 98% Existing or Recompete / 2% New Business Revenues $13,850 – $14,150 Income Statement assumptions (Prior $13,800 - $14,200) • N
Slide 10: Well-Positioned to Drive Long-term Value for Stakeholders
Well-Positioned to Drive Long-term Value for Stakeholders Longstanding, Trusted An Industry Leader With Strong Partner of Choice Differentiated Scale Financial Profile solving our global customers’ that provides robust customer Well-positioned to deliver long-term, largest, most critical and complex
Slide 11: Appendix
Appendix Advancing the future together
Slide 12: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures The presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted EPS, and Free Cash Flow are not measures of financial performance under Generally Accepted Accounting Principles in the United States (“GAAP”). These non
Slide 13: Unaudited Non-GAAP Financials Measures Reconciliation
Unaudited Non-GAAP Financials Measures Reconciliation For the Three Months Ended March 28, 2025 ($ in millions, except per share data and margin percentages) Acquisition, Utilization of fair transaction and Amortization of market value Share-based Non-GAAP As Reported integration costs intangibles a
Slide 14: Definitions of Pro Forma Non-GAAP Measures
Definitions of Pro Forma Non-GAAP Measures The presentation and discussion of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income, and Pro Forma Adjusted Diluted EPS are not measures of financial performance under Generally Accepted Accounting Principles in the
Slide 15: Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation
Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation For the Three Months Ended March 29, 2024 ($ in millions, except per share data and margin percentages) Acquisition, Utilization of fair Pro Forma Pro Forma transaction and Amortization of market value Share-based Non-GAAP results integ