Caci International, Inc. · NYSE:CACI

Caci International — Q4 FY2006 Earnings Presentation

16 slides from Caci International's earnings presentation, Aug 17, 2006

  1. Slide 1: CACI International Inc Fourth Fiscal Quarter FY06 Earnings Call

    CACI International Inc Fourth Fiscal Quarter FY06 Earnings Release Conference Call August 17, 2006

  2. Slide 2: Forward-looking Statements

    Forward-looking Statements There are statements made herein which may not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could

  3. Slide 3: Participants

    Participants ƒ Participants for today’s call: ƒ Dr. J.P. (Jack) London Chairman, President & CEO ƒ Paul Cofoni President of U.S. Operations ƒ Steve Waechter Chief Financial Officer ƒ Bill Fairl Chief Operating Officer, U.S. Operations ƒ Greg Bradford Chief Executive of CACI Limited UK Q4 FY06 3

  4. Slide 4: CEO Overview: Fourth Quarter & Full Year FY06

    CEO Overview Fourth Quarter & Full Year FY06 ƒ Record quarter: ƒ Revenue of $477.3 million, up 11% ƒ Net income of $22.1 million, $0.71 per diluted share ƒ Full year FY06: ƒ Revenue of $1.76 billion, up 8% ƒ Net income of $84.8 million, $2.72 per diluted share, up 6% ƒ Strong second half of year: ƒ

  5. Slide 5: CEO Overview: Fourth Quarter & Full Year FY06

    CEO Overview Fourth Quarter & Full Year FY06 ƒ Successful M&A program contributed to FY06: ƒ Three acquisitions for U.S. operations ƒ Two acquisitions for U.K. operations ƒ Excellent indicators of near and long-term growth: ƒ Pipeline of qualified opportunities approximately $13 billion ƒ Services a

  6. Slide 6: Agenda

    Agenda ƒ Agenda for today’s call: ƒ Financial details—Steve Waechter Chief Financial Officer ƒ Operations details—Paul Cofoni President of U.S. Operations ƒ CEO closing comments ƒQ&A Q4 FY06 6

  7. Slide 7: Financial Overview

    Financial Overview Revenue Up 11.1% Net Income $500 $25 $477.3 $22.0 $22.1 $450 $429.8 $ in millions $ in millions $20 $400 $350 $15 Q4/05 Q4/06 Q4/05 Q4/06 • Q4 Federal business: • Net income reflects higher interest and • Up 12% in quarter intang. amortization • 94% of revenue • FY06 net income, u

  8. Slide 8: Financial Overview

    Financial Overview Operating Margin Days Sales Outstanding 10.0% 100 9.5% 70 74 80 % of Revenue 9.0% 8.8% 60 8.5% 8.5% 40 8.0% 20 7.5% 0 Q4/05 Q4/06 Q4/05 Q4/06 • FY06 operating cash flow: $107.1 million • Cash of $24.7 million at 6/30/06 • Outstanding debt: $368 million • Backlog of $4.6 billion at

  9. Slide 9: Financial Overview: FY07 Guidance Assumptions

    Financial Overview FY07 Guidance Assumptions ƒ Divestiture of assets supporting Port Engineer Services portion of Surface Ship Maintenance Improvement Program contract ƒ Could have resulted in potential for OCI ƒ Approximately $20 million in revenue in FY06 ƒ Tax rate assumes that R&D credits will b

  10. Slide 10: CACI Guidance for FY07

    CACI Guidance for FY07 (As of August 16, 2006) Q1,’07 FY07 Revenue (millions) $454-$473 $2,000-$2,100 Net Income (millions) $17.9-$19.1 $91.4-$98.9 Diluted EPS $0.57-$0.61 $2.91-$3.15 Diluted shares (millions) 31.4 31.4 FY07 revenue expected to be up 14 – 20% over ’06 FY07 net income expected to be

  11. Slide 11: U.S.-Based Operations Overview

    U.S.-Based Operations Overview Contract awards of $329 million for Q4; approximately $2 billion for all of FY06 ƒ Revenue from Intell Community up 17% for FY06; 28% of CACI’s revenue base ƒ Revenue from DoD, up 10% for the quarter; up 9% for FY06 ƒ Federal civilian revenue, up 16% for the quarter; u

  12. Slide 12: U.S.-Based Operations Overview

    U.S.-Based Operations Overview ƒ Win rate on “new” new business excellent ƒ Won all recompetes in Q4’06 ƒ FY06 was strong awards year: ƒ Won largest contract award in CACI’s history and ETOSS recompete ƒ Awards provide significant long-term opportunity for CACI ƒ Other key awards: ƒ OPM award in Jun

  13. Slide 13: U.S.-Based Operations Overview

    U.S.-Based Operations Overview ƒ Proposal activity: ƒ $2.9 billion in proposals under evaluation as of 6/30/06. ƒ Expect >75% of this amount to be awarded by September ƒ Anticipate submitting over $3 billion in proposals between now and December ƒ About 80% of these will be for >$100 million ƒ Fourt

  14. Slide 14: U.S.-Based Operations Overview: Looking Ahead

    U.S.-Based Operations Overview Looking Ahead ƒ Plenty of room to grow in a $150 billion market space ƒ Focused on high-value areas of market least vulnerable to budget cuts ƒ Poised to increase business with Department of Homeland Security ƒ Believe CACI’s intelligence offerings are solution of choi

  15. Slide 15: CEO Closing Comments

    CEO Closing Comments ƒ During FY07: ƒ Win new business, win recompetes, and make acquisitions ƒ Have large backlog of business and large pipeline of opportunities at start of FY07 ƒ Optimistic about CACI’s growth and success ƒ Continued need for national security funding ƒ Federal IT workforce will

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