Slide 1: FTI Consulting, Inc. Third Quarter 2015 Earnings Conference Call
FTI Consulting, Inc. Third Quarter 2015 Earnings Conference Call Exhibit 99.1
Slide 2: Cautionary Note About Forward-Looking Statements
Cautionary Note About Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve uncertainties and risks. Forward-loo
Slide 3: Today's Speakers
Today’s Speakers Steven Gunby President & Chief Executive Officer David Johnson Chief Financial Officer
Slide 4: Financial Review
Third Quarter 2015 Financial Review All numbers in $000s, except for per share data and percentages (1) See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions and reconciliations of Adjusted EBITDA and Adjusted Earnings Per Diluted Share, which are n
Slide 5: Segment Financial Review
Third Quarter 2015 Segment Financial Review (1) See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definition and reconciliation of Adjusted Segment EBITDA, which is a non-GAAP financial measure, to the most directly comparable GAAP measure, and the definiti
Slide 6: Geographic Review
Third Quarter 2015 Geographic Review
Slide 7: Cash Position/Capital Allocation
Third Quarter 2015 Cash Position/Capital Allocation All numbers in $000s except for DSOs (1) 2013 purchase and retirement of common stock settled in 2014.
Slide 8: Corporate Finance & Restructuring, Forensic and Litigation Consulting and Strategic Communications Adjusted EBITDA 2009 to 2013
Third Quarter 2015 Corporate Finance & Restructuring, Forensic and Litigation Consulting and Strategic Communications Adjusted EBITDA from 2009 to 2013 Average Decline: $28M per year & Restructuring Forensic and Litigation Consulting Adjusted Segment EBITDA (in millions) $ $ $ $ $ See “Financial Tab
Slide 9: These businesses collectively showed no growth over the better part of a decade
Third Quarter 2015 Even eliminating the restructuring bubble, these businesses collectively showed no growth over the better part of a decade & Restructuring Forensic and Litigation Consulting Adjusted Segment EBITDA (in millions) $ $ $ $ $ $ $ See “Financial Tables” and “End Notes: FTI Consulting N
Slide 10: These same businesses grew ~5% in 2014
Third Quarter 2015 These same businesses grew ~5% in 2014 & Restructuring Forensic and Litigation Consulting Adjusted Segment EBITDA (in millions) $ $ $ $ $ $ $ $ See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definition and reconciliation of Adjusted Se
Slide 11: Projected to grow between 8-11% collectively in 2015
Third Quarter 2015 And are projected to grow between 8-11% collectively in 2015 & Restructuring Forensic and Litigation Consulting $ $ $ $ $ $ $ $ Adjusted Segment EBITDA (in millions) $182 $186 2015 Guidance Range Range See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliat
Slide 12: Economic Consulting and Technology Adjusted EBITDA 2007 to 2013
Third Quarter 2015 Economic Consulting and Technology Adjusted EBITDA 2007 to 2013 Adjusted Segment EBITDA (in millions) $ $ $ $ $ $ $ See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definition and reconciliation of Adjusted Segment EBITDA, which is a non
Slide 13: Economic Consulting and Technology down ~20% Adjusted EBITDA in 2014
Third Quarter 2015 Economic Consulting and Technology were down ~20% Adjusted EBITDA in 2014 Adjusted Segment EBITDA (in millions) $ $ $ $ $ $ $ $ See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definition and reconciliation of Adjusted Segment EBITDA, wh
Slide 14: Economic Consulting and Technology anticipated to drop sharply again in 2015
Third Quarter 2015 We believe Economic Consulting and Technology are anticipated to drop sharply again in 2015 Adjusted Segment EBITDA (in millions) 2015 Guidance $ $ $ $ $ $ $ $ $98 $107 Range Range See “Financial Tables” and “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definit
Slide 15: Question & Answer Session
Third Quarter 2015 Question & Answer Session Q&A
Slide 16: Financial Tables
Financial Tables
Slide 17: Condensed Consolidated Statements of Comprehensive Loss: Three Months Ended September 30, 2015 and 2014
Condensed Consolidated Statements of Comprehensive Loss: Three Months Ended September 30, 2015 and 2014 All numbers in $000s, except for per share data
Slide 18: Condensed Consolidated Statements of Comprehensive Income: Nine Months Ended September 30, 2015 and 2014
All numbers in $000s, except for per share data Condensed Consolidated Statements of Comprehensive Income: Nine Months Ended September 30, 2015 and 2014
Slide 19: Operating Results by Business Segment: Three Months Ended September 30, 2015 and 2014
Operating Results by Business Segment: Three Months Ended September 30, 2015 and 2014 (1) See “End Notes: FTI Consulting Non GAAP Data Reconciliations” for the definitions of Adjusted EBITDA, Adjusted Segment EBITDA, and Adjusted Segment EBITDA Margin, which are non-GAAP financial measures, and the
Slide 20: Operating Results by Business Segment: Nine Months Ended September 30, 2015 and 2014
Operating Results by Business Segment: Nine Months Ended September 30, 2015 and 2014 (1) See “End Notes: FTI Consulting Non GAAP Data Reconciliations” for the definitions of Adjusted EBITDA, Adjusted Segment EBITDA, and Adjusted Segment EBITDA Margin, which are non-GAAP financial measures, and the r
Slide 21: Reconciliation of Non-GAAP Financial Measures: Three Months Ended September 30, 2015 and 2014
Reconciliation of Non-GAAP Financial Measures: Three Months Ended September 30, 2015 and 2014 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitiosn of Adjusted Net Income and Adjusted Earnings per Diluted Share, which are non-GAAP financial measures. All numbers in $0
Slide 22: Reconciliation of Non-GAAP Financial Measures: Nine Months Ended September 30, 2015 and 2014
Reconciliation of Non-GAAP Financial Measures: Nine Months Ended September 30, 2015 and 2014 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Adjusted Net Income and Adjusted Earnings per Diluted Share, which are non-GAAP financial measures. All numbers in $00
Slide 23: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended September 30, 2015 and 2014
Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended September 30, 2015 and 2014 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Segment Operating Income and Adjusted EBITDA, which are non-GAAP financial measures. All numbe
Slide 24: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Nine Months Ended September 30, 2015 and 2014
Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Nine Months Ended September 30, 2015 and 2014 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Segment Operating Income and Adjusted EBITDA, which are non-GAAP financial measures. All number
Slide 25: Reconciliation to Adjusted EBITDA: Year Ended December 31, 2014 and 2013
Reconciliation of Net Income and Operating Income (Loss) to Adjusted EBITDA: Year Ended December 31, 2014 and 2013 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Segment Operating Income and Adjusted EBITDA, which are non-GAAP financial measures. All numbers
Slide 26: Reconciliation to Adjusted EBITDA: Year Ended December 31, 2012 and 2011
Reconciliation of Net Income and Operating Income (Loss) to Adjusted EBITDA: Year Ended December 31, 2012 and 2011 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Segment Operating Income and Adjusted EBITDA, which are non-GAAP financial measures. All numbers
Slide 27: Reconciliation to Adjusted EBITDA: Year Ended December 31, 2010 and 2009
Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Year Ended December 31, 2010 and 2009 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Segment Operating Income and Adjusted EBITDA, which are non-GAAP financial measures. All numbers in $00
Slide 28: Reconciliation to Adjusted EBITDA: Year Ended December 31, 2008 and 2007
Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Year Ended December 31, 2008 and 2007 (1) See “End Notes: FTI Consulting Non-GAAP Data Reconciliations” for the definitions of Segment Operating Income and Adjusted EBITDA, which are non-GAAP financial measures. All numbers in $00
Slide 29: End Notes: FTI Consulting Non-GAAP Data Reconciliations
End Notes FTI Consulting Non-GAAP Data Reconciliations We define Adjusted Net Income and Adjusted Earnings per Diluted Share (“Adjusted EPS”) as Net Income and Earnings Per Diluted Share, respectively, excluding the impact of remeasurement of acquisition-related contingent consideration, special cha
Slide 30: Appendix
Appendix
Slide 31: Industry recognition and awards
Five professionals recognized as world leading patent litigation expert witnesses in Intellectual Asset Management ("IAM") magazine's Patent 1000 – The World's Leading Patent Professionals guide FTI Consulting’s Technology and Forensic and Litigation Consulting segments recognized in numerous catego
Slide 32: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™