Slide 1: FTI Consulting, Inc. Second Quarter 2015 Earnings Conference Call
FTI Consulting, Inc. Second Quarter 2015 Earnings Conference Call
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- lo
Slide 3: Today's Speakers
Today’s Speakers Steven Gunby David Johnson President & Chief Executive Officer Chief Financial Officer 3
Slide 4: Second Quarter 2015 Financial Review
Second Quarter 2015 Financial Review All numbers in $000s, except for per share data and percentages Q2 2015 Q1 2015 % Variance Q2 2014 % Variance Revenues $ 449,137 $ 432,338 3.9% $ 454,324 -1.1% Fully Diluted Earnings Per Share $ 0.52 $ 0.57 -8.8% $ 0.42 23.8% Adjusted Earnings Per Diluted Share(1
Slide 5: Second Quarter 2015 Segment Financial Review
Second Quarter 2015 Segment Financial Review All numbers in $000s, except for percentages Q2 2015 Q1 2015 % Variance Q2 2014 % Variance Corporate Finance/Restructuring Revenue $ 109,113 $ 106,212 2.7% $ 104,020 4.9% (1) Adjusted Segment EBITDA $ 22,032 $ 22,480 -2.0% $ 19,133 15.2% (1) Adjusted Segm
Slide 6: Second Quarter 2015 Geographic Review
Second Quarter 2015 Geographic Review Region Percentage of Q2 2015 Revenues Percentage of Q1 2015 Revenues Percentage of Q2 2014 Revenues North America 73.4% 73.7% 72.4% EMEA 17.5% 17.5% 17.2% Asia Pacific 6.1% 6.0% 7.1% Latin America 3.0% 2.8% 3.3% Q2 2015 vs. Q1 2015 Revenue Q2 2015 vs. Q2 2014 Re
Slide 7: Cash Position/Capital Allocation
Cash Position/Capital Allocation All numbers in $000s except for DSOs Year to Date Year to Date Year to Date Q2 2015 Q1 2015 Q2 2014 Cash and cash equivalents $ 239,988 $ 225,295 $ 94,412 Accounts receivable, net $ 549,300 $ 513,285 $ 579,737 Days sales outstanding ("DSO") 104 101 108 Net cash (used
Slide 8: Question & Answer Session
Question & Answer Session Q&A 8
Slide 9: Financial Tables
im F. Fo suirind Financial Tables
Slide 10: Condensed Consolidated Statements of Comprehensive Income Three Months Ended June 30, 2015 and 2014
Condensed Consolidated Statements of Comprehensive Income Three Months Ended June 30, 2015 and 2014 All numbers in $000s, except for per share data Three Months Ended June 30, 2015 (unaudited) 2014 (unaudited) Revenues $449,137 $454,324 Operating expenses Direct cost of revenues 291,469 295,549 Sell
Slide 11: Condensed Consolidated Statements of Comprehensive Income Six Months Ended June 30, 2015 and 2014
Condensed Consolidated Statements of Comprehensive Income Six Months Ended June 30, 2015 and 2014 All numbers in $000s, except for per share data Six Months Ended June 30, 2015 (unaudited) 2014 (unaudited) Revenues $881,475 $879,876 Operating expenses Direct cost of revenues 570,499 569,824 Selling,
Slide 12: Operating Results by Business Segment Three Months Ended June 30, 2015 and 2014
Operating Results by Business Segment Three Months Ended June 30, 2015 and 2014 All numbers in $000s, except for bill rate per hour and headcount data (1) Adjusted Segment Average Billable Revenue-Generating Three Months Ended June 30, 2015 Revenues Adjusted EBITDA (1) Utilization EBITDA Margin Rate
Slide 13: Operating Results by Business Segment Six Months Ended June 30, 2015 and 2014
Operating Results by Business Segment Six Months Ended June 30, 2015 and 2014 All numbers in $000s, except for bill rate per hour and headcount data (1) Adjusted Segment Average Billable Six Months Ended June 30, 2015 Revenues Adjusted EBITDA (1) Utilization Revenue-Generating Headcount (at period e
Slide 14: Reconciliation of Non-GAAP Financial Measures Three Months Ended June 30, 2015 and 2014
Reconciliation of Non-GAAP Financial Measures Three Months Ended June 30, 2015 and 2014 All numbers in $000s, except for per share data Three Months Ended June 30, 2015 2014 Net income $21,709 $17,247 Special charges, net of tax effect - 5,523 Remeasurement of acquisition-related contingent consider
Slide 15: Reconciliation of Non-GAAP Financial Measures Six Months Ended June 30, 2015 and 2014
Reconciliation of Non-GAAP Financial Measures Six Months Ended June 30, 2015 and 2014 All numbers in $000s, except for per share data Six Months Ended June 30, 2015 2014 Net income $45,395 $35,364 Special charges, net of tax effect - 5,523 Remeasurement of acquisition-related contingent consideratio
Slide 16: Reconciliation of Net Income and Operating Income to Adjusted EBITDA Three Months
Reconciliation of Net Income and Operating Income to Adjusted EBITDA Three Months Ended June 30, 2015 and 2014 All numbers in $000s Corporate Finance/ Forensic and Litigation Economic Strategic Unallocated Three Months Ended June 30, 2015 Technology Total Restructuring Consulting Consulting Communic
Slide 17: Reconciliation of Net Income and Operating Income to Adjusted EBITDA Six Months
Reconciliation of Net Income and Operating Income to Adjusted EBITDA Six Months Ended June 30, 2015 and 2014 All numbers in $000s Corporate Finance/ Forensic and Litigation Economic Strategic Unallocated Six Months Ended June 30, 2015 Technology Total Restructuring Consulting Consulting Communicatio
Slide 18: 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 ch
Slide 19: Appendix
im F. Fo suirind Appendix
Slide 20: Second Quarter 2015 Awards & Accolades
Second Quarter 2015 Awards & Accolades Compass Lexecon named 2015 Competition FTI Consulting named 2015 Arbitration Economist Firm of the Year and Janusz Ordover Expert Firm of the Year by Who’s Who Legal named Competition Economist Individual Expert of the Year by Who’s Who Legal FTI Technology rec
Slide 21: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™