Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q1 FY2019 Earnings Presentation
13 slides from Booz Allen Hamilton's earnings presentation, Jul 30, 2018
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2019, First Quarter JULY 30, 2018
Slide 2: Call Participants
CALL HORACIO ROZANSKI PARTICIPANTS PRESIDENT AND CHIEF EXECUTIVE OFFICER LLOYD HOWELL CHIEF FINANCIAL OFFICER AND TREASURER NICHOLAS VEASEY DIRECTOR INVESTOR RELATIONS 1
Slide 3: Disclaimer
DISCLAIMER Forward Looking Safe Harbor Statement Certain statements contained in this presentation and in related comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include
Slide 4: Q1 FY19 Highlights
Q1 FY19 HIGHLIGHTS KEY PERFORMANCE INDICATORS • Delivered revenue and earnings performance consistent with our FY19 guidance and 3-year growth goals • Maintained industry-leading organic revenue growth (1) • Record total backlog since IPO, up 21.4% compared to the prior year period • Record Q1 funde
Slide 5: Adoption Impact of Accounting Standards on Fiscal Year Results
ADOPTION IMPACT OF ACCOUNTING STANDARDS ON FISCAL YEAR RESULTS (1) Revenue ($M) Adj. EBITDA ($M) (2) $7,000 Reported Adjusted +6% to +8% $600 $585 $584 $6,500 $569 $6,172 $6,168 $547 $6,000 $5,804 $5,809 $550 $5,500 $500 $5,000 $450 FY17 FY18 FY19 Guidance FY17 FY18 Adj. Net Income ($M) ADEPS $2.50
Slide 6: Adoption Impact of Accounting Standards on Quarterly Fiscal 2018 Results
ADOPTION IMPACT OF ACCOUNTING STANDARDS ON QUARTERLY FISCAL 2018 RESULTS $1,650 Revenue ($M) (1) $1,636 $1,631 11.5% Adj. EBITDA Margin on Revenue (1) (2) Reported Adjusted $1,600 10.4% 10.5% $1,542 $1,543 9.9% $1,550 9.7% $1,523 9.5% 9.3% 9.2% 9.3% $1,494 $1,500 9.1% $1,500 9.0% $1,471 $1,450 8.5%
Slide 7: Key Financial Results
KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2019 PRELIMINARY RESULTS F I R S T Q UA R T E R (1) Revenue $1.6 billion 8.1% Increase Revenue, Excluding Billable Expenses $1.2 billion 9.2% Increase Adjusted EBITDA $178 million 25.1% Increase Net Income $104 million 47.6% Increase Adjusted Net Incom
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY • Our FY 19 and multi-year capital deployment plans remain on track - Aim to deploy $350 million this year, subject to market conditions - Aim to deploy $1.4 billion over the next three years • Returne
Slide 9: Financial Outlook
FINANCIAL OUTLOOK REITERATING FULL YEAR GUIDANCE FISCAL 2019 FULL YEAR OUTLOOK Revenue Growth in the Range of 6 to 8 Percent Adjusted Diluted EPS (1) $2.35 - $2.50 1) Adjusted Diluted EPS guidance is based on fiscal 2019 estimated average diluted shares outstanding in the range of 141 million to 145
Slide 10: Appendix
APPENDIX
Slide 11: Non-GAAP Financial Information
NON- GAAP FINANCIAL INFORMATION • "Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not in
Slide 12: Non-GAAP Financial Information
NON- GAAP FINANCIAL INFORMATION (a) Reflects the combination of Interest expense and Other income (expense), net from the condensed consolidated statement of operations. (b) The first quarter of fiscal 2018 reflects the tax effect of adjustments at an assumed effective tax rate of 40%. For fiscal 20
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS First Quarter Fiscal 2019 – Below is a summary of the key factors driving results for the fiscal 2019 first quarter ended June 30, 2018 as compared to the prior year: • Revenue increased by 8.1% to $1.6 billion driven by continued strength in client demand, which led
Booz Allen Hamilton Holding — Q1 FY2019 Earnings Presentation on 6ix