Slide 1: Q1 2021 Earnings Supplemental Materials
Q1 2021 Earnings Supplemental Materials Revised – July 1, 2021
Slide 2: Safe Harbor
Safe Harbor Certain statements made in this presentation are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated f
Slide 3: Summary of Consolidated Financial Data — Q1 2021
Summary of Consolidated Financial Data — Q1 2021 OPERATING DATA BALANCE SHEET & OTHER Q1 2021 Y-Y 3/31/21 12/31/20 Continuing Operations: Cash & Cash Equivalents $ 386.5 $ 274.4 Revenues $ 907.0 4.8% Working Capital: Gross Profit 243.8 0.5% Senior Secured Leverage Ratio3 Continuing Operations $ 604.
Slide 4: Commercial Segment
Commercial Segment REVENUES BY TYPE GROSS PROFIT & GROSS MARGIN $652.6 $649.3 $637.2 $205.5 $ 2 1 0 .0 4 5 . 0 % $615.8 $592.3 $89.6 4 3 . 0 % $109.4 $117.5 $198.6 $198.8 $96.6 $ 2 0 .0 $85.3 4 1 . 0 % $190.5 3 9 . 0 % $ 1 9 0 .0 $183.6 3 7 . 0 % $ 1 8 0 .0 3 5 . 0 % $563.0 $531.7 $507.0 $519.2 $527
Slide 5: Federal Government Segment
Federal Government Segment REVENUES & GROSS PROFIT CONTRACT BACKLOG6 ($ in millions) 3/31/21 12/31/20 3/31/20 % Change 7 Funded Backlog $ 458.7 $ 444.5 $ 490.6 Unfunded Backlog8 2,221.3 2,201.7 2,186.7 ($ in millions) Q1 2021 Q1 2020 Q4 2020 Y-Y Seq. Total $ 2,680.0 $ 2,646.2 $ 2,677.3 Revenues $ 25
Slide 6: Q2 2021 Financial Estimates
Q2 2021 Financial Estimates ($ in millions, except per share data) Q2 2020 Q2 2021 Financial Estimates (Restated) Low High Revenues $ 831.9 $ 960.0 $ 970.0 Y-Y Growth 15.4% 16.6% Gross Margin 27.3% 28.1% 28.3% 13 SG&A Expenses 146.0 171.7 173.9 Amortization of Intangible Assets 12.4 12.0 12.0 Intere
Slide 7: Revenues & Income Per Share - Continuing Operations
Revenues & Income Per Share - Continuing Operations ($ in millions, except per share data) $897 $904 $900 $907 $876 $865 $844 $832 $804 $798 $780 $751 $563 $1.13 $1.15 $1.13 $1.15 $1.17 $1.06 $1.03 $0.99 $0.98 $0.97 $0.98 $0.82 $0.75 $0.93 $0.88 $0.90 $0.77 $0.82 $0.80 $0.71 $0.72 $0.73 $0.55 $0.61
Slide 8: Appendix
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Slide 9: Selected Financial Data
Selected Financial Data Restated to Present Oxford Business as Discontinued Operations 2019 2020 2021 ($ in millions, except per share amounts) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Revenues - by Segment and Type Commercial Assignment $ 557.8 $ 574.4 $ 584.6 $ 571.4 $ 2,288.3 $ 563.0 $ 507.0 $ 519.2 $ 52
Slide 10: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures 2019 2020 2021 ($ in millions) Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Reconciliation of Net Income to Adjusted EBITDA Net income $ 34.9 $ 43.1 $ 57.4 $ 39.3 $ 174.7 $ 43.8 $ 48.8 $ 52.3 $ 55.4 $ 200.3 $ 48.7 Discontinued operations, net of income taxes 5.8 4.5 7
Slide 11: Billable Days – Commercial Business
Billable Days – Commercial Business Q1 Q2 Q3 Q4 Full Year 2021 62.00 63.50 64.00 61.00 250.50 2020 63.00 63.75 64.00 60.50 251.25 2019 62.00 64.00 63.00 60.50 249.50 21 v 20 (1.00) (0.25) - 0.50 (0.75) 20 v 19 1.00 (0.25) 1.00 - 1.75 ©2021 ASGN Incorporated. All rights reserved. 11
Slide 12: Footnotes
Footnotes 1 This presentation includes non-GAAP financial measures. Reconciliations from the comparable backlog is segregated into two categories, funded contract backlog and negotiated unfunded GAAP measures to the non-GAAP measures are included in the Appendix of this presentation. A contract back
Slide 13: ASGN Incorporated contact details
ASGN Incorporated 4400 Cox Road, Suite 110 | Richmond, VA 23060 888.482.8068 | investors.ASGN.com