Jacobs Solutions Inc. · NYSE:J
Jacobs Solutions — Goldman Sachs Industrials & Materials Conference 2019
21 slides from Jacobs Solutions's conference presentation, May 15, 2019
Slide 1: Innovation: Transforming complexity into opportunity
Innovation Transforming complexity into opportunity Goldman Sachs Investor Conference May 15, 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: IAM delivers positive client outcomes while driving Jacobs' growth
IAM delivers positive client outcomes while driving Jacobs’ growth NASA Langley outcomes realized from IAM • Eliminated major unplanned outages (4 yrs running), maximizing availability for paying test customers • Reduced annual maintenance budget by >35%, natural gas consumption by 47%, water consum
Slide 8: Broad, diverse opportunities for Intelligent Asset Management application
Broad, diverse opportunities for Intelligent Asset Management application Defense Navy Mayport differentiator, value-pricing Water Saved $300M; 0.5B gallons of annual sewer overflow Nuclear OPEX, maintain critical operations Life Sciences Digital Roadmap to maximize 8 manufacturing productivity
Slide 9: Leading proprietary digital twin software
Leading proprietary digital twin software ReplicaTM Proprietary, developed by CH2M, specialized for water Proven on 70+ projects Client challenges Sophisticated simulation on • Shrinking budgets variety of complex operations • Unplanned failures v System-wide approach • Disruption, lost revenue • In
Slide 10: Broad, diverse opportunities for Digital Twin application
Broad, diverse opportunities for Digital Twin application Industrial Energy 33% Automotive Productivity 20% Buildings Historically significant landmark Smart Cities Geospatial data → city-wide 10 digital twin
Slide 11: 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 11 Digital Capability + Domain Expertise
Slide 12: Jacobs is a company like no other
Jacobs is a company like no other ATN INNOVATION BIAF 12 Digital Capability + Domain Expertise
Slide 13: Thank you!
Thank you! © Copyright Jacobs www.jacobs.com | worldwide
Slide 14: 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 15: 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 16: 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 17: 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 18: 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 19: Reconciliation of Net Earnings from Continuing Operations 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 20: 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 20
Slide 21: 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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