Jacobs Solutions Inc. · NYSE:J
Jacobs Solutions — Baird Global Consumer, Technology & Services Conference 2019
22 slides from Jacobs Solutions's conference presentation, Jun 6, 2019
Slide 1: Innovation: Transforming complexity into opportunity
Innovation Transforming complexity into opportunity Baird Investor Conference June 6, 2019
Slide 2: Forward-Looking Statement Disclaimer
Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are i
Slide 3: Jacobs: Industry leader poised for growth
Jacobs: Industry leader poised for growth New Jacobs (post ECR sale) Q2 FY19 ($ in billions) Net Revenue Gross Backlog U.S./Int’l Mix Talent Base Reimbursable Public/Private 70%/30% ~50,000 and Low Risk Sector ATN ATN Fixed Price 64%/36% $7.3 Services $1.1 ~95% $1.4 BIAF $13.4 BIAF Increasing portfo
Slide 4: Jacobs is a company like no other
Jacobs is a company like no other Core Competencies Digital Domain Delivery Capability Expertise Experience JACOBS Strong OT & IT with deep domain expertise E&C COMPANIES Seek to partner with Tech companies to fill gap TECH COMPANIES Seek to partner with E&C to understand industry applicability CONS
Slide 5: Investing in solutions aimed at critical global challenges
Investing in solutions aimed at critical global challenges Solutions enabled by digital capability, informed by domain expertise Applied Automated Internet Predictive Cybersecurity Geospatial Science Design of Things Analytics Reduce Extend life cycle of Less Enhance Data Privacy operating cost faci
Slide 6: Capitalizing on the global opportunity
Capitalizing on the global opportunity Highly Scalable, Leveraging our digital Customized capability + domain expertise Solutions Smart Solutions Adoption Decades-long Technology cost/risk are now Trend sound investments 1 Digital Master Planning 3 Scale Global Requires Jacobs’ global reach Opportun
Slide 7: Industrial Cybersecurity – Expanding Along Unique Adjacencies
Industrial Cybersecurity – Expanding Along Unique Adjacencies Assured Cyber Resiliency for Pharmaceutical Manufacturing • Applied specialized, holistic cybersecurity capability and experience to address both critical IT and Operations Technology (OT) systems of pharmaceutical manufacturing plants •
Slide 8: Broad, diverse opportunities for industrial cybersecurity application
Broad, diverse opportunities for industrial cybersecurity application Federal/DoD/Intel Monitoring and protecting ~350M/year financial transactions for $1.4 trillion loan portfolio Water Establishing cybersecurity architecture, policy and controls to ensure resiliency for CA water utilities Critical
Slide 9: Leading proprietary IIoT platform ion
Leading proprietary IIoT platform ionTM Proprietary, originally developed for IIoT applications in oil and gas Client challenges Deployed and proven over 10 years • Shrinking budgets Rapid scalability for enterprise-level • Unplanned failures • Worker safety visibility • Disruption, lost revenue v I
Slide 10: ion City Delivers Integrated Water Utility Management
ion CityTM Delivers Integrated Water Utility Management Seamless, Integrated Ops Management for Water Utilities • ion CityTM integrated network, operations, and security operations center platform (INOSC) provides real-time operations, network and security insights • Incorporates real-time data and
Slide 11: Broad, diverse opportunities for IIoT application
Broad, diverse opportunities for IIoT application Industrial Applying real-time location analytics to hazardous incidents by 50% Water Using IoT and predictive analytics to reduce water loss by 50% Advanced Facilities Applying IIoT-enabled Intelligent Asset Management to annual maintenance costs by
Slide 12: Delivering new and differentiated solutions to our clients
Delivering new and differentiated solutions to our clients Intelligent Asset Digital Twin Management Connected and Pharma Plant of Autonomous Vehicles the Future Drones Data Analytics Laser Scanning Smart Cities 12 Digital Capability + Domain Expertise
Slide 13: Jacobs is a company like no other
Jacobs is a company like no other ATN INNOVATION BIAF 13 Digital Capability + Domain Expertise
Slide 14: Thank you!
Thank you! © Copyright Jacobs www.jacobs.com | worldwide
Slide 15: Recast Segment Financials
Recast Segment Financials $’s in millions PF Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 ATN Backlog 6,641 7,174 7,148 7,130 7,130 7,158 7,285 Revenue 842 924 1,021 1,069 3,856 1,035 1,060 Operating Profit 57 581 72 77 2641 72 74 as a % of revenue 6.8% 6.2% 7.1% 7.2% 6.9% 7.0% 7.0% BIAF
Slide 16: Recast Consolidated Financials
Recast Consolidated Financials $’s in millions PF Q1 2018 Q2 2018 Q3 2018 Q4 2018 FY 2018 Q1 2019 Q2 2019 Backlog 18,910 19,262 19,840 19,955 19,955 20,335 20,713 Revenue 2,746 2,870 2,934 2,992 11,541 3,084 3,092 Net Revenue 2,059 2,262 2,335 2,334 8,989 2,410 2,459 Adjusted Gross Profit 547 588 58
Slide 17: Other Operational Metrics from Continuing Operations
Other Operational Metrics from Continuing Operations $’s in millions Q1 2018 Q2 2018 Q1 2019 Q2 2019 Depreciation (pre-tax) 18,476 26,764 18,211 23,491 Amortization of Intangibles (pre-tax) 11,444 18,101 18,671 18,678 Pass-Through Costs Included in Revenue 411,787 608,720 674,278 632,359 Capital Exp
Slide 18: Non-US GAAP Financial Measures
Non-US GAAP Financial Measures Three Months Ended March 29, 2019 Effects of Restructuring Effects of Other The following tables reconcile the U.S. GAAP values of net earnings, EPS, and Other Transaction Adjustments U.S. GAAP Charges Costs (1) (2) Adjusted operating profit and operating profit margin
Slide 19: Non-US GAAP Financial Measures
Non-US GAAP Financial Measures Three Months Ended March 30, 2018 The following tables reconcile the U.S. GAAP values of net earnings, Effects of Effects of EPS, operating profit and operating profit margin to the corresponding Restructuring CH2M Other and Other Transaction Adjustments "adjusted" amo
Slide 20: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings from Continuing Operations Attributable to Jacobs to Adjusted EBITDA Three months end ed March 29, 2019 Adj. Net earnings from Continuing Operations attributable to Jacobs (1) $ 165,526 Adj. Income Tax Expense for Continuing Operations 52,099 Adj. Net earnings from Con
Slide 21: KeyW 2018 Adjusted EBITDA Reconciliation Table
KeyW 2018 Adjusted EBITDA Reconciliation Table ($ in millions) KeyW Reported FY18 Adjusted EBITDA Less: Stock based compensation Less: Impact from flight services Jacobs estimated KeyW Pro Forma FY18 Adjusted EBITDA 21
Slide 22: Non-GAAP Financial Measures (cont'd)
Non-GAAP Financial Measures (cont’d) Adjusted net earnings from continuing operations, adjusted EPS from continuing operations, adjusted operating profit and adjusted operating profit margin are non- GAAP financial measures that are calculated by (i) excluding the costs related to the 2015 restructu
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