Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q1 FY2021 Earnings Presentation
13 slides from Booz Allen Hamilton's earnings presentation, Jul 31, 2020
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2021, First Quarter July 31, 2020
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. Chief Financial Officer and Treasurer 2
Slide 3: Disclaimer
DISCLAIMER Forward Looking Safe Harbor Statement Certain statements contained in this presentation and in related comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include
Slide 4: Key Financial Results
KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2021 RESULTS FIRST QUARTER (1) Revenue $2.0 billion 7.2% Increase Revenue, Excluding Billable Expenses $1.4 billion 10.5% Increase Adjusted EBITDA $213 million 7.0% Increase Adjusted EBITDA Margin on Revenue 10.9% No change Net Income $129 million 10.2
Slide 5: Q1 FY'21 Performance: Aligned with Investment Thesis
Q1 FY'21 PERFORMANCE: ALIGNED WITH INVESTMENT THESIS UPDATED INVESTMENT THESIS Unique Market Position = Strong Financial Returns + Option Value – Investments in innovation, talent, FY'18 - FY'21 – Continued investment in and capabilities position us to help new business lines and clients adopt curre
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2021 RESULTS FIRST QUARTER (1) Revenue $2.0 billion 7.2% Increase Revenue, Excluding Billable Expenses $1.4 billion 10.5% Increase Adjusted EBITDA $213 million 7.0% Increase Adjusted EBITDA Margin on Revenue 10.9% No chang
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG (1) (4) $23.0 (4) $22.9 $22.0 (4) $23.0 $22.9 $21.4 $20.5 $21.9 $22.0 $20.4 $19.9 $20.7 $19.3 $16.7 $16.7 $16.1 $17.0 $16.5 $13.2 in billions $12.4 $13.1 $14.8 $12.4 $12.3 $12.8 $12.2 $9.2 $9.6 $9.2 $10.1 $11.0 $4.8 $5.4 $5.3 $3.9 $4.5 $4.4 $4.5 $4.7 $5.5 $4
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Multi-year capital deployment plan remains on track, subject to market conditions – Deployed ~$119 million during the first quarter – ~$580 million remaining in three-year target to deploy ~$1.4 bill
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY'21 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q4'20) Revenue Growth 6.0 - 10.0% 6.0 - 10.0% Adjusted EBITDA Margin on Revenue Approximately 10% Approximately 10% Adjusted Diluted EPS $3.40 - $3.60 $3.40 - $3.60 Net Cash Provided by Operating $550 - $600 million $550
Slide 10: Appendix
APPENDIX 10
Slide 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION "Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not indic
Slide 12: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended (a) Represents the supplemental contribution to June 30, employees' dependent care FSA accounts in (In thousands, except share and per share data) 2020 2019 response to the COVID-19 outbreak. (Unaudited) Revenue, Excluding Billable Expenses (b) Refle
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS First Quarter Fiscal 2021 – Below is a summary of the key factors driving results for the fiscal 2021 first quarter ended June 30, 2020 as compared to the prior year period: • Revenue increased by 7.2% to $2.0 billion primarily driven by sustained strength in client d
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