Jacobs Solutions Inc. · NYSE:J
Jacobs Solutions — Investor Day (February 2025)
92 slides from Jacobs Solutions's investor day presentation, Feb 18, 2025
Slide 1: Investor Day 2025
Investor Day 2025 Challenge accepted.
Slide 2: Investor Day Agenda
Investor Day Agenda Bob Pragada Venk Nathamuni Chair and Chief Chief Financial Executive Officer Officer 1 Welcome & Opening Remarks Bert Subin 2 Company Vision & Strategy Bob Pragada Patrick Hill 3 Growing the Core Business Koti Vadlamudi Shannon Miller Patrick Hill President, Strategy, President,
Slide 3: Forward-looking statement disclaimer
Forward-looking statement disclaimer Certain statements contained in this presentation constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historic
Slide 4: Company Vision & Strategy
Company Vision & Strategy Bob Pragada Chair and Chief Executive Officer Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook Q&A ©Jacobs 2025 Closing Remarks
Slide 5: Key Messages
Key Messages 1 2 3 4 5 We are simpler Positioned to Investment Leading position Focused on and more thrive as megatrends are across Water and financial focused. complexity rises global and Advanced discipline and and challenges enduring. Facilities where profitable intersect. demand is strong. growt
Slide 6: Our journey to higher value services and solutions
Simplification Differentiation Insights Outlook Our journey to higher value services and solutions Government Services Jacobs FY16 FY24 FY29E $0.6B $1.1B ~$1.9B Adj. EBITDA¹ Adj. EBITDA¹ Adj. EBITDA² Energy, Chemicals and Resources FY16 Adj. EBITDA Margin¹ FY24 Adj. EBITDA Margin¹ FY29E Adj. EBITDA
Slide 7: Jacobs today – simpler and more focused
Simplification Differentiation Insights Outlook Jacobs today – simpler and more focused №1 ENR % of Gross Revenue FY24 №1 – Top 500 Design Firms PA Consulting Critical Focused business model 10% Infrastructure №1 – Top 50 Program 38% Management Firms Science-based innovation and №1 – Wastewater Trea
Slide 8: Our strategic vision for Jacobs – redefining the asset lifecycle
Simplification Differentiation Insights Outlook Our strategic vision for Jacobs – redefining the asset lifecycle Change the world? Science-based innovation: We are central 1 to how our clients shape their investments and deploy capital Challenge accepted. 2 End-to-end solutions: Leading by providing
Slide 9: Our sector has improved significantly, and we are poised to lead
Simplification Differentiation Insights Outlook Our sector has improved significantly, and we are poised to lead $3.0B Peer group fundamentals We are bolstering our industry position consistently improving $2.8B Free Cash Flow* $2.5B Significant margin expansion opportunity $2.3B $2.0B Margin Expans
Slide 10: The industry prioritizes project scope over client outcome
Simplification Differentiation Insights Outlook The industry prioritizes project scope over client outcome Industry Model Project-centric Not aligned with Narrow focus on engineering Limited advisory and 1 client investment lifecycle 2 services and management 3 digital footprint Planning and Enginee
Slide 11: End-to-end solutions grounded in science-based innovation is a key differentiator of our model
Simplification Differentiation Insights Outlook End-to-end solutions grounded in science-based innovation is a key differentiator of our model + Model Client-centric AND program-centric End-to-end solutions Business Advisory Enabling upstream shift Augmented design Planning and Concept Design Client
Slide 12: We are redefining the asset lifecycle to drive client value
Simplification Differentiation Insights Outlook We are redefining the asset lifecycle to drive client value Deep understanding of client challenges Better capital Superior decisions outcomes for our clients + Global delivery for the best outcome, at speed 12 ©Jacobs 2025
Slide 13: Our serviceable market is significant, underscoring tailwinds
Simplification Differentiation Insights Outlook Our serviceable market is significant, underscoring tailwinds Water & Environmental Life Sciences & Critical Infrastructure Advanced Manufacturing Water Environmental Advanced Facilities Energy & Power Transportation Cities & Places Market $220B $120B
Slide 14: Our strategic roadmap has at its core our people and our culture
Simplification Differentiation Insights Outlook Our strategic roadmap has at its core our people and our culture We provide end-to-end services We turn ideas into reality to drive client value Culture of Caring We integrate sustainability Our people are into everything we do dedicated to inclusion 1
Slide 15: We are positioned to drive profitable growth
Simplification Differentiation Insights Outlook We are positioned to drive profitable growth Jacobs Focused business model Infrastructure & Advanced Facilities (I&AF) Science-based innovation and end-to-end solutions Scalable solutions delivered globally and digitally Water & Life Sciences & Critica
Slide 16: Growing the Core Business
Growing the Core Business Water & Environmental Critical Infrastructure Life Sciences & Advanced Manufacturing Patrick Hill President, Global Operations Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook
Slide 17: Starting FY25 with good momentum and an increasing pipeline
Simplification Differentiation Insights Outlook Starting FY25 with good momentum and an increasing pipeline Strong improvement in Jacobs' gross And our revenue pipeline¹ in I&AF is inflecting profit trajectory Life Sciences & Advanced Manufacturing 2-year pipeline +12% y/y growth 42% Water & Environ
Slide 18: Our portfolio is balanced and demonstrates long-term stability
Simplification Differentiation Insights Outlook Our portfolio is balanced and demonstrates long-term stability Our adj. net revenue exposure by source is diverse And our U.S. positioning remains favorable Infrastructure & Advanced Facilities (I&AF) FY24* Infrastructure Investment & Jobs Act (IIJA)*
Slide 19: Water & Environmental
Water & Environmental ✓ Climate extremes ✓ Unparalleled Water ✓ Leading end-to-end driving demand expertise solutions, at scale ©Jacobs 2025
Slide 20: Water & Environmental differentiation driven by end-to-end solutions and continuous innovation
Simplification Differentiation Insights Outlook Water & Environmental differentiation driven by end-to-end solutions and continuous innovation Water Environmental World-leading expertise across the water cycle Positions Jacobs to drive sustainability across client base ▪ ENR №1 Sewer & Waste and №1
Slide 21: Leading Water services provider across the full lifecycle
Simplification Differentiation Insights Outlook Leading Water services provider across the full lifecycle Concept Advisory Catchment management Water treatment Dams & Water storage Reservoirs & supply Drainage & flood Desalination Design Digital mitigation Operations & Wastewater treatment & Mainten
Slide 22: Water projects a key component of current backlog strength
Simplification Differentiation Insights Outlook Water projects a key component of current backlog strength New Kranji Water Alkimos Treatment Plant Desalination Plant Singapore Australia $1.6B $900M Total Installed Cost Total Installed Cost Strengthening Singapore's water resilience Providing water
Slide 23: Demand is strong in Water & Environmental market, led by Water
Simplification Differentiation Insights Outlook Demand is strong in Water & Environmental market, led by Water Water Environmental Wastewater Remediation & regeneration Drinking water & reuse Environmental planning Conveyance & storage Environmental, health & safety Water resources Sustainability &
Slide 24: Strong global setup in Water & Environmental
Simplification Differentiation Insights Outlook Strong global setup in Water & Environmental 1 End-to-end solutions provider with strong tailwinds across the full lifecycle in Water 2 Water scarcity, aging infrastructure and climate change driving an inflection in spending 3 Environmental a key cros
Slide 25: Critical Infrastructure
Critical Infrastructure ✓ Leaders in complex ✓ Top 3 provider in ✓ Favorable market project delivery every major vertical tailwinds ©Jacobs 2025
Slide 26: Capability and track record drive differentiation in Critical Infrastructure
Simplification Differentiation Insights Outlook Capability and track record drive differentiation in Critical Infrastructure Energy & Power Transportation Cities & Places Unmatched major programs position A leader in complex program delivery Cross-cutting buildings capability ▪ ENR №2 in Power ▪ ENR
Slide 27: The Energy & Power transition: poised for significant growth
Simplification Differentiation Insights Outlook The Energy & Power transition: poised for significant growth Strategic decision to establish E&P as most recent independent business unit Focused growth of Jacobs’ E&P offering (+22% adj. net revenue growth in FY24) Transmission & Distribution expertis
Slide 28: Jacobs designs and manages the world's largest infrastructure programs
Simplification Differentiation Insights Outlook Jacobs designs and manages the world's largest infrastructure programs Suedlink $11B Torrens to $10B Expo 2020 $8B* Interconnector Total Installed Darlington Total Installed Dubai Total Installed Germany Cost Australia Cost United Arab Emirates Cost In
Slide 29: Critical Infrastructure setup aided by multi-faceted demand drivers
Simplification Differentiation Insights Outlook Critical Infrastructure setup aided by multi-faceted demand drivers Transportation Energy & Power Cities & Places Rail Buildings Transmission & Distribution Aviation Defense & National Security Highways Generation & Storage Health Ports ▪ Re-emerging a
Slide 30: Driving solid growth in Critical Infrastructure
Simplification Differentiation Insights Outlook Driving solid growth in Critical Infrastructure 1 Energy & Power driven by combined opportunity of sector growth and cross-market relevance 2 Transportation – our largest market – is inflecting through digital enablement 3 Global investment creating fa
Slide 31: Growing the Core Business: Life Sciences & Advanced Manufacturing
Growing the Core Business Life Sciences & Advanced Manufacturing Koti Vadlamudi Executive Vice President and GM, Global Business Units Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook Q&A ©Jacobs 2025
Slide 32: Life Sciences & Advanced Manufacturing
Life Sciences & Advanced Manufacturing ✓ Science-based ✓ ENR №1 in life ✓ Long-term secular innovation with sciences, semis and growth tailwinds multi-decade data centers track record ©Jacobs 2025
Slide 33: Life Sciences & Advanced Manufacturing at a glance
Simplification Differentiation Insights Outlook Life Sciences & Advanced Manufacturing at a glance Life Sciences Adv. Manufacturing & Electronics 6,500+ 17% Current 3-Year CAGR Headcount Adj. Net Revenue $1.4B $2.8B FY24 Adj. Net FY24 Gross ▪ 77+ years in Life Sciences ▪ ENR №1 in semis and Revenue
Slide 34: Our differentiation stems from innovation and scalability
Simplification Differentiation Insights Outlook Our differentiation stems from innovation and scalability Trusted Partner Size & Scale Breadth Deep domain expertise Largest in the industry Leading position across industries ▪ Multi-decade track record ▪ $1.4B in adj. net revenue for FY24 ▪ №1 in Pha
Slide 35: Our delivery model spans the program lifecycle
Simplification Differentiation Insights Outlook Our delivery model spans the program lifecycle Life Sciences Semiconductors Fill Finish Industrial Waste Warehouse Building Treatment Central Utility Building Production Building Fab Admin Admin / Laboratory Cafe Central Utility Acid Building Treatment
Slide 36: We are leaders in an industry positioned for long-term expansion
Simplification Differentiation Insights Outlook We are leaders in an industry positioned for long-term expansion Advanced Facilities growth drivers Major spending cycle for life sciences Long-term semis demand AI data center growth Significant SAM ▪ $1B+ projects up 4x in last 3 years ▪ Global marke
Slide 37: Life Sciences – continues to be a key growth driver
Simplification Differentiation Insights Outlook Life Sciences – continues to be a key growth driver Jacobs' offering is unmatched Market growth is robust Wide range of facilities served ▪ Subject matter experts (SMEs) in ▪ GLP-1 market growing – expected to process, process architecture, hit $100B b
Slide 38: Large-scale biologics site demonstrates automation, speed and scale
Simplification Differentiation Insights Outlook Large-scale biologics site demonstrates automation, speed and scale Client: FUJIFILM Diosynth Biotechnologies Location: Holly Springs, NC, USA Services: Master planning, Architecture/Engineering Design, Procurement, Construction Management ▪ Program su
Slide 39: Semis – we are expanding and deepening our reach in the market
Simplification Differentiation Insights Outlook Semis – we are expanding and deepening our reach in the market Long-term secular growth Client base continues to expand №1 in semiconductor market² ▪ Early stages of reshoring ▪ Diversified client base with new ▪ Over 50% of design market share domesti
Slide 40: Semiconductor fab program highlights project complexity, scalability
Simplification Differentiation Insights Outlook Semiconductor fab program highlights project complexity, scalability Client: Confidential Location: Multiple Sites Services: Master planning, Architecture/Engineering Design ▪ Program summary ▪ Jacobs raising the bar through program delivery − Manufact
Slide 41: Our opportunity extends to Data Centers and broader manufacturing
Simplification Differentiation Insights Outlook Our opportunity extends to Data Centers and broader manufacturing Data Centers Advanced Technology Specialized Manufacturing ▪ №1 in Data Centers¹ ▪ №1 in Electronic Assembly¹ ▪ №1 in Industrial Process¹ ▪ 30+ years of mission-critical experience ▪ №2
Slide 42: Data Centers – opportunity for substantial growth in coming years
Simplification Differentiation Insights Outlook Data Centers – opportunity for substantial growth in coming years The Data Center market is Our Data Centers submarket growth Data Centers vs. Semis – historically growing exponentially is accelerating, still early innings smaller, more fragmented ▪ 40
Slide 43: Deep domain expertise positions us uniquely to deliver AI data centers
Simplification Differentiation Insights Outlook Deep domain expertise positions us uniquely to deliver AI data centers Client: START DC, Sines Campus Location: Sines, Portugal Services: Site Due Diligence, Master planning, Architecture/Engineering Design, Energy Infrastructure Development ▪ Program
Slide 44: Leading in Life Sciences, Semis and Data Centers
Simplification Differentiation Insights Outlook Leading in Life Sciences, Semis and Data Centers 1 Scale provider of complex programs with decades of expertise across Advanced Facilities 2 Long-term and enduring growth trends in Life Sciences and Semis 3 Incremental growth being driven by Data Cente
Slide 45: Break
| b Challenging today. waco Ss Reinventing tomorrow.
Slide 46: Market Opportunities and Growth Initiatives
Market Opportunities and Growth Initiatives Shannon Miller President, Strategy, Growth & Digital Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook Q&A ©Jacobs 2025 Closing Remarks
Slide 47: We are at the forefront of an industry inflection and well-positioned to seize the opportunity ahead
Simplification Differentiation Insights Outlook We are at the forefront of an industry inflection and well-positioned to seize the opportunity ahead Shifting Industry Strategic advisory Digital and AI Future growth vectors dynamics Client challenges are Early-stage advisory Our higher-value Various
Slide 48: Jacobs is strongly positioned as industry dynamics shift
Simplification Differentiation Insights Outlook Jacobs is strongly positioned as industry dynamics shift Industry Trends Why Jacobs Wins ENR №1 – Top 50 Program 1 Program size is increasing Management Firms Complexity of client Industry leader in advisory 2 challenges continues to rise and digital P
Slide 49: Our operating model positions us to deploy capital efficiently
Simplification Differentiation Insights Outlook Our operating model positions us to deploy capital efficiently as complexity and client challenges increase Core Attributes Differentiators Best-in-class Culture of caring global talent X Leading digital capability = Client-centric, Local footprint glo
Slide 50: Program management is key to redefining our client's asset lifecycle
Simplification Differentiation Insights Outlook Program management is key to redefining our client's asset lifecycle We deliver the world's most complex programs Moderate High complexity complexity 5–10 Organizations 10–20 Organizations 20–30 Organizations >30 Organizations Tens of interfaces Hundre
Slide 51: Early-stage advisory helps us shape better client outcomes
Simplification Differentiation Insights Outlook Early-stage advisory helps us shape better client outcomes Early-stage Deliver Help our Technical Engage in Margin accretive advisory complex, client set insight downstream enhanced by their vision optimizes value opportunities large-scale growth PA pr
Slide 52: Our program integration with PA delivers value across the asset lifecycle
Simplification Differentiation Insights Outlook Our program integration with PA delivers value across the asset lifecycle Project Credo – Business Advisory Major Automotive Strategy & Economics Defining future site operations Planning & Concept Design People and Change Engineering and Design Frederi
Slide 53: We are embedding digital and AI into our organizational fabric
Simplification Differentiation Insights Outlook We are embedding digital and AI into our organizational fabric Leading end-to-end client solutions Jacobs is leading in Digital & AI → End-to-end capabilities driving margin improvement Jacobs AI → Significant digital consulting footprint (1.5K+ FTEs)
Slide 54: With digital a key enabler for program efficiency, response and security
Simplification Differentiation Insights Outlook With digital a key enabler for program efficiency, response and security We’ve gained momentum in digital cross-selling, establishing digital as a key reason we win “…the fact that they have the proprietary software, StreetLight, is big, Our digital pl
Slide 55: Our client-centric model spans services and markets
Simplification Differentiation Insights Outlook Our client-centric model spans services and markets Tillman Advanced Water Copenhagen Metro - Xcel Energy King Salman Purification Facility Metroselskabet International Airport Capabilities Markets Capabilities Markets Capabilities Markets Capabilities
Slide 56: Global delivery provides clients with agile resourcing
Simplification Differentiation Insights Outlook Global delivery provides clients with agile resourcing Client: Confidential Location: Multiple sites globally Services: Master planning, Architecture/Engineering Design ▪ Jacobs raising the bar through program delivery 1,100 1,000 − 24/7 operational ca
Slide 57: Leveraging our global platform to drive cross-collaboration
Simplification Differentiation Insights Outlook Leveraging our global platform to drive cross-collaboration Global Delivery & Global Delivery & Cross Collaboration Cross Collaboration 38% 52% FY24 FY29E Billable Hours Billable Hours Local Delivery Local Delivery 62% 48% Cross-collaboration examples
Slide 58: AI Data Centers highlight the interconnection of our portfolio
Simplification Differentiation Insights Outlook AI Data Centers highlight the interconnection of our portfolio Utility Power via the Grid Digital Services across Analytics, Cyber, Efficiency Tools Advanced Nuclear Data Center Design and Engineering End-to-end ✓ advisory Thermal Generation with Incre
Slide 59: Our end-to-end platform positions us to solve emerging challenges
Simplification Differentiation Insights Outlook Our end-to-end platform positions us to solve emerging challenges Client Challenges Our Goal Our Position1 Evolve our position as the global leader in solving № 1 Top 50 Program Major Programs complex large-scale programs Management Firms № 1 Data Cent
Slide 60: We are uniquely positioned to solve global challenges
Simplification Differentiation Insights Outlook We are uniquely positioned to solve global challenges Our holistic approach to major programs and advisory capability address increasingly complex 1 client challenges 2 Digital and AI embedded in our client solutions are differentiating our offering 3
Slide 61: Financial Review and Outlook
Financial Review and Outlook Venk Nathamuni Chief Financial Officer Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook Q&A ©Jacobs 2025 Closing Remarks
Slide 62: Meaningful organic growth and margin expansion ahead
Simplification Differentiation Insights Outlook Meaningful organic growth and margin expansion ahead Jacobs Organic execution is our key priority Infrastructure & Advanced Facilities Clearer performance insights Leading margin expansion opportunity Water & Life Sciences & Critical Restructuring cost
Slide 63: Rising backlog and pipeline position us well to accelerate growth
Simplification Differentiation Insights Outlook Rising backlog and pipeline position us well to accelerate growth Near-term Medium-term Long-term Gross Revenue in Backlog¹ Total Pipeline² Secular Growth Drivers ▪ Life Sciences ▪ Data Centers and Semis $22B +19% Y/Y $100B+ +37% Y/Y ▪ Water ▪ Energy &
Slide 64: Adjusted net revenue growth setup strong over the multi-year horizon
Simplification Differentiation Insights Outlook Adjusted net revenue growth setup strong over the multi-year horizon CAGRs¹ (FY25-FY29) $11.6B Water & Environmental +7% to 9% Life Sciences & Adv. Manufacturing +7% to 9% +6% to +8% CAGR Critical Infrastructure $8.3B +5% to 7% PA Consulting +6% to 8%
Slide 65: Gross margin expansion positioned to complement top-line growth
Simplification Differentiation Insights Outlook Gross margin expansion positioned to complement top-line growth 38% Adjusted Gross Margin 36.8%+ 36% 34.3% 34% ~250 bps in 32% Spin of GM improvement CMS/C&I by FY29 30% 28% 26.3% 26% 24% 22% 20% FY23 FY24 FY29E Note: FY23 adj. gross margin reflects Ja
Slide 66: EBITDA margin expansion is further aided by operating leverage
Simplification Differentiation Insights Outlook EBITDA margin expansion is further aided by operating leverage Adjusted EBITDA Margin 16%+ Total Adj. EBITDA on Cost track to rise to Leverage Mix ~$1.9B by FY29 Commercial Models 12.8% Global Delivery Targeting 320+ bps margin expansion between FY24 a
Slide 67: Low capital intensity and margin growth to drive higher free cash flow
Simplification Differentiation Insights Outlook Low capital intensity and margin growth to drive higher free cash flow $1,400M 10%+ $1,200M ▪ Operating outlook is favorable $1,000M − Organic growth − Margin expansion $800M FY25-FY28 ▪ Working capital to improve $600M − DSOs/DPOs trending favorably $
Slide 68: Committed to maintaining our strong balance sheet
Simplification Differentiation Insights Outlook Committed to maintaining our strong balance sheet Net Debt / Adjusted EBITDA Target 1.0x – 1.5x 2.0x 1.9x 1.8x 1.7x 1.7x 1.6x 1.6x 1.6x 1.5x 1.5x 1.4x 1.4x 1.3x Investment-grade 1.2x 1.2x 1.1x 1.1x credit rating 1.0x 1.0x 0.8x Dispositioning AMTM stake
Slide 69: Our track record of returning capital to shareholders is strong
Simplification Differentiation Insights Outlook Our track record of returning capital to shareholders is strong 14% CAGR $403M $275M $282M $266M 11% $116M $128M $143M CAGR/share¹ $107M FY'21 FY'22 FY'23 FY'24 Dividends Share Repurchases >60% return of free cash flow to shareholders over the past 4 y
Slide 70: Capital allocation focused on increasing returns to shareholders
Simplification Differentiation Insights Outlook Capital allocation focused on increasing returns to shareholders Invest in Organic Growth Return Capital Strategic M&A ▪ Reinvest in organic growth ▪ >60% of FCF to be returned ▪ Near-term organic focus ▪ 1.0x – 1.5x net leverage ▪ FCF margin target of
Slide 71: M&A is an accelerant to our long-term strategy
Simplification Differentiation Insights Outlook M&A is an accelerant to our long-term strategy Our focus is on organic growth and strong execution Financial criteria for M&A Near-to-medium-term Organic execution and capital returns focus 1 Accretive to total growth rate Accretive to adj. EBITDA 2 ma
Slide 72: FY25-FY29E financial outlook
Simplification Differentiation Insights Outlook FY25-FY29E financial outlook 5-Year CAGRs and Targets through FY29E Adj. Net Revenue (Organic) ▲ 6 – 8% CAGR Adj. EBITDA Margin* ▲ 50 – 80 bps/yr Adj. EBITDA ▲10 – 14% CAGR Free Cash Flow 10%+ FCF margin* by FY29 Reaffirming FY25 Guidance *Adj. EBITDA
Slide 73: Jacobs today: focused, high cash flow business + strong balance sheet
Simplification Differentiation Insights Outlook Jacobs today: focused, high cash flow business + strong balance sheet 1 More focused business positioned for strong earnings growth and earnings quality 2 Robust margin expansion and organic growth forecast from FY25-29 3 Balance sheet strength and out
Slide 74: Q&A
Q&A Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook Q&A ©Jacobs 2025 Closing Remarks
Slide 75: Closing Remarks
Closing Remarks Bob Pragada Chair and Chief Executive Officer Company Vision & Strategy Growing the Core Business Market Opportunities and Growth Initiatives Operational Excellence Financial Review and Outlook Q&A ©Jacobs 2025 Closing Remarks
Slide 76: Strong positioning, macro tailwinds and focus on growth drive a robust financial outlook
Simplification Differentiation Insights Outlook Strong positioning, macro tailwinds and focus on growth drive a robust financial outlook Infrastructure sector poised for Life Sciences & Advanced Manufacturing Accelerating collaboration, digital and generational investment secular growth global deliv
Slide 77: Our strategic vision for Jacobs – redefining the asset lifecycle
Simplification Differentiation Insights Outlook Our strategic vision for Jacobs – redefining the asset lifecycle Change the world? Science-based innovation: We are central 1 to how our clients shape their investments and deploy capital Challenge accepted. 2 End-to-end solutions: Leading by providing
Slide 78: Speakers
Speakers Bob Pragada is the Chair and CEO of Jacobs where he Venk Nathamuni is the CFO at Jacobs, overseeing leads one of the world’s largest and most innovative financial strategy and operations, accounting, providers of science-based consulting and advisory planning, capital allocation and investo
Slide 79: Speakers
Speakers Shannon Miller is Jacobs’ President of Strategy, Patrick Hill is President, Global Operations at Jacobs, Growth & Digital, leading strategic direction and leading teams that serve clients and communities growth initiatives. across North America, Europe, the Middle East, Asia, Australia, and
Slide 80: Speakers
Speakers Koti Vadlamudi is the Executive Vice President of Bert Subin is the Senior Vice President of Investor Global Business Units at Jacobs, leading the Relations at Jacobs. portfolios across Advanced Facilities, Energy & Power and Federal & Environment solutions, which serve Bert joined Jacobs f
Slide 81: Appendix
| b Challenging today. waco Ss Reinventing tomorrow.
Slide 82: Relative to peers, we generate strong levels of free cash flow
Relative to peers, we generate strong levels of free cash flow Comparing Industry FCF Expectations in FY25 12% 10% Jacobs FY29 Target – 10%+ 8% Jacobs is tracking toward industry-leading FCF margin 6% FY25 FCF/Adj. Net Revenue estimate 4% 2% 0% Canadian Peers' Average Jacobs Today USA Peers' Average
Slide 83: Our setup creates a relative valuation opportunity, in our view
Simplification Differentiation Insights Outlook Our setup creates a relative valuation opportunity, in our view ▪ Simpler, more focused company ▪ Double-digit adjusted EBITDA growth CAGR through FY29E ▪ Strong margin and free cash flow growth opportunity ▪ Discount most pronounced on FCF basis Valua
Slide 84: Use of Non-GAAP financial measures and operating metrics
Use of Non-GAAP financial measures and operating metrics In this presentation, the Company has included certain non-GAAP financial measures as defined in Regulation G promulgated under the Securities Exchange Act of 1934, as amended. These non-GAAP measures are described below. As a result of the sp
Slide 85: Use of Non-GAAP financial measures and operating metrics (cont.)
Use of Non-GAAP financial measures and operating metrics (cont.) We eliminate the impact of “Restructuring, integration, separation and other charges” because we do not consider these to be indicative of ongoing operating performance. Actions taken by the Company to enhance efficiencies are subject
Slide 86: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings Attributable to Jacobs from Continuing Operations to Adjusted EBITDA (in thousands) 88 ©Jacobs 2025
Slide 87: Reconciliation of Income Tax Expense and Interest Expense
Reconciliation of Income Tax Reconciliation of Interest Expense Expense from Continuing from Continuing Operations to Operations to Adjusted Income Adjusted Interest Expense from Tax Expense from Continuing Continuing Operations (in Operations (in thousands) thousands) (1) Includes charges primarily
Slide 88: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings Attributable to Jacobs from Continuing Operations to Adjusted EBITDA (in thousands) Historical data as reported in respective 10K earnings materials. 92 ©Jacobs 2025
Slide 89: Reconciliation of Income Tax Expense and GAAP Revenue to Adjusted Net Revenue
Reconciliation of Income Tax Reconciliation of GAAP Revenue to Expense from Continuing Adjusted Net Revenue (in Operations to Adjusted Income thousands) Tax Expense from Continuing Operations (in thousands) Historical data as reported in respective 10K earnings materials. Historical data as reported
Slide 90: Reconciliation of GAAP Revenue to Adjusted Net Revenue and Gross Profit
Reconciliation of GAAP Revenue Reconciliation of Life Sciences & to Adjusted Net Revenue, Advanced Manufacturing (LS&AM) Adjusted Gross Profit and GAAP Revenue to Adjusted Net Adjusted Gross Margin (in Revenue (in thousands thousands, except for percentages) Historical data as reported in respective
Slide 91: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings Attributable to Jacobs from Continuing Operations to Adjusted EBITDA (in thousands) Historical data as reported in 10Q/10K until Q4 2024. Q4 2024 illustrates lower debt offset by decreased EBITDA due to CMS separation transaction. 98 ©Jacobs 2025
Slide 92: Reconciliation of Free Cash Flow from Continuing Operations
Reconciliation of Free Cash Flow from Continuing Operations (in thousands) 100 ©Jacobs 2025