Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Non-Deal Roadshow (February 2015)
40 slides from Fti Consulting's roadshow presentation, Feb 24, 2015
Slide 1: FTI Consulting, Inc. Toronto Roadshow
Exhibit 99.1 Exhibit FTI Toronto February Consulting, 99.1 Roadshow 24th, 2015 Inc.
Slide 2: Cautionary Note About Forward-Looking Statements
Cautionary This involve intentions results. expressions make management’s experienced demand and savings with 2any general of presentation the them the When uncertainties and for, SEC relating forward and Note economic are efficiencies, or fluctuating and used expectations, changes various intended
Slide 3: FTI Consulting: At a Glance
FTIbank FCN Publicly 440+ Senior the 10/10 Advisor 10 (1)Total 3companies globe Consulting: $1.7 80 94/100 Managing holding Shares to 16 traded specialties BLN world’s 2 47/100 Nobel Market outstanding 1982 Aworld’s Directors Leader top4,400+ Advisor capitalization(1) top Among Offices times 100tola
Slide 4: FTI Consulting Overview
FTI Consulting Overview corporations New months Shifting Committed growth Willingness conditions 4Established management of from 2014 to medium-term to and abuilding invest capital is –law focused ateam leading firms EBITDA driven a(CEO, profitable financial on come professional analysis, toin CFO,
Slide 5: Balanced and Diversified Segment Mix
Balanced Bankruptcy Interim Investment Litigation Compliance, Construction Dispute Forensic Economic Antitrust Business Intellectual International Computer Technology E-discovery Strategic Corporate Creative Crisis Employee Strategy Communications Financial 26% 14% 11% 52014 20% 31% 22% 19% 8% 27% S
Slide 6: Corporate Finance/Restructuring Segment
Corporate Bankruptcy Services Interim Investment Litigation Business Performance Private Restructuring/Turnaround 2010 Adjusted Margin Segment (in 6Seethousands, accompanying 2011 Equity 41.8% 27.3% Management Revenue Gross SG&A Billable Transformation Segment Support Finance/Restructuring 2012 Bank
Slide 7: Corporate Finance/Restructuring Segment (continued)
Corporate Segment boards, Medium–Term Reinforce Drive Focus Acquisition Revenues global Gross 2014 The based 7Adjusted Corporate decrease Form compared organic overseas compensation profit on bankruptcy private Offering Segment profitability increased core Finance/Restructuring 10–K related decrease
Slide 8: Forensic and Litigation Consulting Segment
Business Services Compliance, Construction Dispute Financial Forensic Global Health 2010 Adjusted Margin Segment (in 8Seethousands, accompanying 2011 Solutions Risk 37.5% 20.1% Advisory Accounting and Revenue Gross SG&A Billable Insurance Segment Enterprise Services 2012 &Monitoring Litigation &exce
Slide 9: Forensic and Litigation Consulting Segment (continued)
Forensic Segment combine Medium–Term Reinvest Grow Invest 2014 Acquisition-related Revenues investigations for The continued 9Adjusted the Forensic increase Form key behind same end-to-end and Offering behind Segment increased investment regions 10–K prior in Litigation and people practice, Initiati
Slide 10: Economic Consulting Segment
Economic Antitrust Services Business Center Intellectual International Labor Public 2010 Adjusted Margin Segment (in See 10 thousands, accompanying 2011 &Policy for 33.2% 19.4% Employment Revenue Gross SG&A Billable Valuation & Segment Consulting Healthcare 2012 Property Competition Arbitration exce
Slide 11: Economic Consulting Segment (continued)
Economic Segment debates regulatory or Medium–Term Expand Continue 2014 Acquisition-related Revenues practice, Gross 27.0% The equalization Adjusted 11 thedecrease Economic Form amount profit for in international partially Offering Segment driving to increased the Consulting proceedings 10–K expand
Slide 12: Technology Segment
Software Technology Computer Discovery E-discovery 2010 Adjusted Margin Segment (in See 12 thousands, accompanying 2011 62.7% 36.4% Revenue Gross SG&A Billable & Segment Forensics Consulting 2012 Services Software except 60.0% 35.2% Profit 2013 $Headcount 59,721 $176,607 EBITDA financial & Clients p
Slide 13: Technology Segment (continued)
Technology Segment assessment, provide and Medium–Term Increased Ongoing 2014 Revenue Continued licensing Gross ended The Adjusted 13 transactional Technology decrease Form profit December aincreased Offering investment sales. Segment comprehensive investment demand 10–K litigation (continued) incre
Slide 14: Strategic Communications Segment
Strategic Corporate Services Creative Crisis Employee Financial Litigation M&A Public Restructuring 2010 Adjusted Margin Segment (in See 14 thousands, accompanying 2011 Communications Affairs 37.4% 15.0% Engagement Revenue Gross SG&A Billable Communications Segment Communications Communications Enga
Slide 15: Strategic Communications Segment (continued)
Strategic Segment affairs, Medium–Term Reinforce Continued Focus 2014 Revenues Acquisition-related The Excluding increased December Gross bonus 15 period. Strategic remaining Form profit on expense business Offering Communications EBIT project increased financial 31, the expansion 10–K increased mar
Slide 16: Financial Overview
im FT fF CONSULTING Financial Overview
Slide 17: Historical Revenues and Adjusted Earnings Per Share
Historical $1,756 $2,000 $1,800 $1,600 Millions) $1,200 ($1,400 2009 $0 $200 $400 Adjusted $3.00 $$2.50 2010 $0.00 $0.50 $1.00 $1.50 $1.64 $2.00 See no 17 600 $800 2.50+ 2.13 adjustments accompanying 2010 2011 $2.37 $$1,401 $1,800-$1,900 $1,652 $1,567 2.17 Earnings $1,000 Revenues 2012 2011 $2.09 $1
Slide 18: Financial Profile
Financial Q4 Cash Accounts Days Net activities Purchases Payments equipment businesses, Purchase Total stock (1) excess 18 DSO 2014 cash and debt sales ofis provided Q4 $services and cash Profile receivable, for of $outstanding a114,922 net 711,000 2013 performance property retirement acquisition eq
Slide 19: Appendix
im FT fF CONSULTING Appendix
Slide 20: Accolades and Awards
2014Technology “Leader” Quadrant Report” Winner Compass Global 2012 Named Ordover) Ranked Pipeline Most Arbitration Commercial FTI (2011–2015) 20 Awards (Jorge expert Matter Competition one of as for for in Lexecon for Global #1Review’s the the eight Padilla) witnesses Arbitration E-Discovery & Cris
Slide 21: FTI Consulting Executive Team
FTI Consulting Steven President Executive Paul Chief Officer Transformation Jeffrey Catherine Senior President, Director, Controller Business Accounting 21 Marketing Linton Strategy Vice H. S. Resources & Amling Freeman Gunby Senior Officer &Officer Mollie Holly Chief Chief &Executive Chief Director
Slide 22: FTI Consulting Segment Leadership Team
FTI Consulting Robert Neal Finance/ Litigation Ken Restructuring Leader, Solutions Carlyn Global Leader 22 Barker Hochberg Taylor Duffy Segment Practice Industries Chairman Corporate Health Leader, Technology Consulting Seth Frank Leader, John Business Global Rierson Forensic Latin Chairman Global H
Slide 23: Financial Tables
im FT fF CONSULTING Financial Tables
Slide 24: Condensed Consolidated Results
Full-Year All Year 2014 Revenues Direct Selling, Special Acquisition-related Amortization Goodwill 1,608,786 Operating Interest (46,015) Income Net Earnings Weighted Other Foreign Total Comprehensive 24 numbers income Ended 2013 other income Comprehensive cost charges income expense before tax gener
Slide 25: Fourth Quarter and Full-Year Segment Results
Fourth All Three EBITDA Corporate Forensic Economic Technology Strategic Total Unallocated Adjusted (1) (2) not 25 The See numbers meaningful $425,158 $415,998 Months Quarter “End majority and Communications Margin Segment EBITDA(1) Finance/Restructuring Consulting (2) Corporate in Litigation Notes:
Slide 26: 2014: Reconciliation of Non-GAAP Financial Measures
2014: Reconciliation of Non-GAAP Financial Measures 26
Slide 27: 2014: Reconciliation of Net Income to Adjusted EBITDA
2014: (1) 27 SeeReconciliation “End Notes: FTI of Net Consulting Income (Loss) Non GAAP and Operating Data Reconciliations” Income (Loss)fortothe Adjusted definition EBITDA of Segment Operating Income (Loss) and Adjusted EBITDA.
Slide 28: Q1 2014 Reconciliation to Adjusted EBITDA
Q1 See All Corporate Three Restructuring Net Interest Income Operating Depreciation Remeasurement assets contingent Adjusted (1) 28 2014: numbers income Months “End income expense tax EBITDA Reconciliation Forensic income(1) consideration provision $18,117 in and Notes: Consulting Ended $000s and of
Slide 29: Q2 2014 Reconciliation to Adjusted EBITDA
Q2 See All Corporate Three Restructuring Net Interest Income Operating Depreciation intangible Special Remeasurement contingent Adjusted (1) 29 2014: numbers Income Months “End charges income expense tax EBITDA Reconciliation Forensic income assets consideration provision $17,247 in and Notes: Consu
Slide 30: Q3 2014 Reconciliation to Adjusted EBITDA
Q3 See All (1) 30 2014: numbers “End Reconciliation in Notes: $000sFTI Consulting of Net Income Non(Loss) GAAP And Data Operating Reconciliations” Income (Loss) for thetodefinition AdjustedofEBITDA Segment Operating Income (Loss) and Adjusted EBITDA.
Slide 31: Q4 2014 Reconciliation to Adjusted EBITDA
Q4 See All (1) 31 2014: numbers “End Reconciliation in Notes: $000sFTI Consulting of Net Income Non(Loss) GAAP And Data Operating Reconciliations” Income toforAdjusted the definition EBITDA of Segment Operating Income (Loss) and Adjusted EBITDA.
Slide 32: 2010-2014 Reconciliation to Adjusted EPS and Adjusted EBITDA
2010 – 2014 Reconciliation of Net Income (Loss) to Adjusted EPS and Adjusted EBITDA 32
Slide 33: Reconciliation of Net Income to Adjusted EPS
2010 All 2014 Net Earnings Add Special Goodwill Loss Remeasurement Impact taxes Adjusted share Weighted (1) 33 See numbers income back: on – 2014 2013 of “End charges, early (loss) Net earnings impairment average denominator 2012 (loss) in Reconciliation Notes: Income extinguishment $000s, per of ne
Slide 34: 2014 Reconciliation to Adjusted EBITDA
Reconciliation All Corporate Year Restructuring Net Interest Income Operating Depreciation Amortization assets Special Remeasurement contingent Adjusted (1) 34 See numbers income Ended “End charges income expense tax EBITDA Forensic income consideration provision $58,807 December in and Notes: of Co
Slide 35: 2013 Reconciliation to Adjusted EBITDA
Reconciliation Corporate Year Restructuring Net Interest Income Operating Depreciation Special assets Goodwill Remeasurement contingent Adjusted (in (1) 35 thousands, loss Ended charges income expense tax See ($10,594) EBITDA1 impairment Forensic income consideration provision December End and Consu
Slide 36: 2012 Reconciliation to Adjusted EBITDA
Reconciliation All Corporate Year Restructuring Net Interest Income Loss Operating Depreciation intangible Special Goodwill Remeasurement contingent Adjusted (1) 36 See numbers loss Ended on“End charges income expense tax early ($36,986) EBITDA(1) impairment Forensic income assets consideration prov
Slide 37: 2011 Reconciliation to Adjusted EBITDA
Reconciliation All Forensic Corporate Year Restructuring Net Consulting Interest Income Operating Depreciation Special assets Remeasurement contingent Adjusted (1) 37 See numbers income Ended “End charges income expense tax and EBITDA Finance/ income consideration provision $103,903 December in and
Slide 38: 2010 Reconciliation to Adjusted EBITDA
Reconciliation All Corporate Year Restructuring Net Interest Income Loss Operating Depreciation intangible Special Adjusted (1) 38 See numbers income Ended on“End charges income expense tax early EBITDA Forensic income assets provision $65,984 December in and Notes: extinguishment Consulting of $000
Slide 39: End Notes
Enddefine Beginning consideration contingent more impairment We segments, income goodwill intangible EBITDA Adjusted indicator understanding addition, performance comparison Non-GAAP considered 39 Notes: complete (loss) EBITDA of impairment for EPS Segment which assets, Adjusted Segment with conside
Slide 40: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™ 40