Slide 1: CACI International Inc Q1 FY25 Earnings Conference Call
CACI International Inc Q1 FY25 Earnings Conference Call October 24, 2024 EXPERTISE and TECHNOLOGY for National Security 1 | CACI Proprietary Information EXPERTISE and TECHNOLOGY for National Security
Slide 2: Forward-looking statements
Forward-looking statements There are statements made herein that 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 risk factors that cou
Slide 3: On today's call
On today’s call John Mengucci Jeff MacLauchlan President and Chief Financial Officer Chief Executive Officer and Treasurer 3 | CACI Proprietary Information
Slide 4: Q1 highlights
Exceptional FY24 Performance Q1 highlights Predictable Profitability Efficient Flexible and organic revenue supportive management of opportunistic growth of continued working capital and capital investment capital expenditures deployment 11% revenue growth 10.5% EBITDA1 $49 million Executed agreemen
Slide 5: Business development
Business development Bid less, win more, and focus on larger, longer-duration opportunities $3.3 billion U.S. Navy Naval Undersea Warfare of Q1 awards NavalX Center (NUWC) Continued strong business Valued at up to $805 million Valued at up to $314 million development performance over 5 years over 5
Slide 6: Executing at scale
Executing at scale IPPS-Army EITaaS Network Modernization Over one million distinct users New IT Service Management system DIA ECS3, Army SIPRMOD, and supporting over seamlessly deployed and Army GENMOD all 140K users daily successfully executing Supporting over 400K users THE model agile program (e
Slide 7: Increasing demand
Increasing demand Differentiated, Spectral TLS Manpack Software-Defined Technology Successfully completed Deliveries to begin Delivering speed and agility design phase against $100M IDIQ to our customers Delivering enhanced Strong customer demand leading Continuing to differentiate capabilities fast
Slide 8: Flexible and opportunistic capital deployment
Flexible and opportunistic capital deployment High-performance RF technology and engineering Cloud migration and AI capabilities and focused on the electromagnetic spectrum Intelligence Community customer presence Still expecting Q2 FY25 close Closed in early October 8 | CACI Proprietary Information
Slide 9: Macro environment
Macro environment • GFY ‘25 Continuing Resolution through December 20th • Clear demand signals driven by world events • National security remains bipartisan and a key priority • CACI intentionally well-aligned to key customer priorities 9 | CACI Proprietary Information
Slide 10: Q1 financial summary
Q1 financial summary Strong performance Strong Organic Healthy EBITDA1 Adjusted EPS1 Free Cash Flow1 Revenue growth margin +36% YoY of $49 million 9.9% YoY 10.5% EBITDA Higher operating DSO of 47 days organic growth margin1 income (11.2% total growth) Working capital Lower interest expense factors d
Slide 11: Flexible and opportunistic capital deployment
Flexible and opportunistic capital deployment Internal Capital Returns Strategic M&A Investments to Shareholders Executed agreement to acquire Azure Summit; acquired Applied Insight Strong balance sheet (1.6x leverage1, 3.2x pro-forma after close of both acquisitions) $337 million of original $750 m
Slide 12: Raising FY25 guidance
Raising FY25 guidance Revenue growth of 8.6% to 11.3% (6% to 9% organic) – on an underlying basis (excl. non-recurring $200M of no-margin material revenue in 1H FY24) Updated Guidance Prior Guidance Organic growth driving $75M of revenue increase Revenue $8,100 – $8,300 $7,900 – $8,100 (millions) EB
Slide 13: Positive forward indicators
Positive forward indicators Long-term visibility into our business Q1 FY25 contract awards of $3.3 billion ~89% TTM Book-to-Bill of 1.8x STRONG YTD weighted avg. duration of ~5 years Existing Business Performance Record backlog of $32 billion, +21% YoY ~4 years of annualized revenue ~8% HIGH Pipelin
Slide 14: Closing
Closing • Strong Q1 results and great start to FY25 • Successfully executing our strategy • Raising guidance for Fiscal Year 2025 • Driving long-term growth, increasing free cash flow per share, generating shareholder value • Talented, innovative, and committed employees driving customer and CACI su
Slide 15: Appendix
Appendix 15 | CACI Proprietary Information
Slide 16: Definitions of non-GAAP measures
Definitions of non-GAAP measures Adjusted net income and Adjusted diluted EPS are non-GAAP performance measures. We define Adjusted net income and Adjusted diluted EPS as GAAP net income and GAAP diluted EPS, respectively, excluding intangible amortization expense and the related tax impact as we do
Slide 17: Reconciliation of net income to adjusted net income and diluted EPS
Reconciliation of net income to adjusted net income and diluted EPS to adjusted diluted EPS (unaudited) 17 | CACI Proprietary Information These non-GAAP measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with GAAP.
Slide 18: Reconciliation of net income to EBITDA
Reconciliation of net income to earnings before interest, taxes, depreciation and amortization (EBITDA) (unaudited) 18 | CACI Proprietary Information These non-GAAP measures should not be considered in isolation or as a substitute for financial measures prepared in accordance with GAAP.
Slide 19: Reconciliation of operating cash flow to free cash flow
Reconciliation of net cash provided by operating activities to net cash provided by operating activities excluding MARPA and to free cash flow (unaudited) 19 | CACI Proprietary Information These non-GAAP measures should not be considered in isolation or as a substitute for financial measures prepare