Icf International, Inc. · NASDAQ:ICFI
Icf International — Merger or Acquisition (January 2020)
11 slides from Icf International's merger presentation, Jan 13, 2020
Slide 1: Definitive Agreement for ICF to Acquire Incentive Technology Group, LLC (ITG)
Definitive Agreement for ICF to Acquire Incentive Technology we are Group, LLC (“ITG”) January 13, 2020 icf.com
Slide 2: Cautionary Statement
Cautionary Statement Certain statements made by us in this presentation that are not historical facts or that relate to future plans, events, or performances are forward- looking statements within the meaning of the federal securities laws. Our actual results may differ materially from those express
Slide 3: Company Snapshot
Company Snapshot ITG is a unique IT consulting firm delivering application modernization and business transformation for U.S. federal government clients KEY BUSINESS STATISTICS KEY TECH PARTNERS $90M +$100M 92% 2019 Revenue revenue run-rate prime contract revenue 350 65+ >EBITDA margin than ICF’s Di
Slide 4: Compelling Strategic Rationale – The Big Picture
Compelling Strategic Rationale – The Big Picture IT modernization and cloud is estimated to be a $21B Federal market1, comprised of large projects Sustaining ICF’s future revenue growth requires a broader technology offering beyond existing engagement, cyber, and software development Creates immedia
Slide 5: Compelling Strategic Rationale – The Details
Compelling Strategic Rationale – The Details ITG’s expertise and past performance with Agile systems engineering, business process engineering and cloud-based platforms significantly enhance ICF’s implementation services Adding these capabilities combined with strong past performance qualifications
Slide 6: Capabilities
Capabilities ITG combines its end-to-end IT consulting capabilities with leading technology platforms to deliver transformational solutions Full Lifecycle Solutions Technology Platforms Utilized NextGen Technologies Enterprise Architecture Cloud-Based Platform Agile Systems Implementations Engineeri
Slide 7: Proven Growth Platform
Proven Growth Platform ITG has made strategic investments to develop new technology practice areas that have helped drive growth and new customer acquisition 2020 - 2021 2018 - 2019 Customer Expansion Key Milestones 2015 - 2017 2018: AWS Practice Investment FCC Key Milestones 2019: AWS Federal Partn
Slide 8: Meaningful Joint Growth Opportunities
Meaningful Joint Growth Opportunities ICF’s Domain ICF’s Robust ICF’s Best-in- Expertise + Business Selective ITG’s Class Contract Client Development Insourcing Qualifications Vehicles Relationships Engine ITG brings a substantial business development pipeline and a backlog that provides visibilit
Slide 9: Financial Considerations
Financial Considerations Cash purchase price of $255 million; the transaction will be accretive in 2020 on a non-GAAP EPS basis ITG revenue run-rate >$100 million Net present value of tax benefit to ICF estimated at $33 million ITG EBITDA margin in mid-teens ICF’s existing credit facility
Slide 10: Preliminary 2020 Guidance Considerations
Preliminary 2020 Guidance Considerations ICF’s preliminary 2020 revenue guidance is for 10% growth over 2019 estimated revenues of $1.48 billion Includes 11 months of ITG and reflects lower anticipated revenues in 2020 from current FEMA-funded disaster recovery contract in Puerto Rico following
Slide 11: In Summary
In Summary Acquisition aligned with ICF’s growth strategy Positions us for accelerated growth in the large IT modernization government market Revenue synergies identified Strong cultural fit with experienced leadership 11
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