Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Investor Presentation (March 2017)
29 slides from Fti Consulting's investor presentation, March 2017
Slide 1: Current Investor Presentation
FTI Consulting, Inc. Current Investor Presentation March 2017
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-loo
Slide 3: Investment Thesis
Investment Thesis FTI Consulting is a leading global business advisory firm with strong people and strong positions; corporations, law firms and governments come to FTI Consulting when there is a critical need Organic growth strategy with an emphasis on profitable revenue growth – record revenues of
Slide 4: FTI Consulting: Experts with Impact
FTI Consulting: Experts with Impact FCN Publicly Traded $1.9BLN Equity Market Capitalization1 1982 Year Founded 4,700+ Total Employees Worldwide 410+ 80 9 2 Nobel Senior Managing Directors Offices in 80 Cities Around the Globe 9 Specialized Industry Practice Groups Laureates 10/10 Advisor to World’s
Slide 5: Our Global Reach
Our Global Reach With offices in every major financial center and every corner of the globe, we successfully serve our clients wherever challenges and opportunities arise. North America Canada Calgary Toronto Asia Pacific Vancouver Australia Indonesia United States Brisbane Jakarta Annapolis New Yor
Slide 6: Business Snapshot: Five Segments, One Purpose
Business Snapshot: Five Segments, One Purpose Corporate Finance & Restructuring FTI Consulting is organized Technology into five segments, each of Economic which is a global leader in Consulting its own right for one simple reason: our commitment to having a tangible, positive impact on how our clie
Slide 7: Segment Snapshot: Revenues and Adjusted Segment EBITDA
Segment Snapshot: Revenues and Adjusted Segment EBITDA Q4 2016 Segment Revenues 2016 Segment Revenues 11% 10% 26% 10% 27% 10% 29% 28% 24% 25% Q4 2016 Total Adjusted Segment EBITDA¹ 2016 Total Adjusted Segment EBITDA¹ 15% 11% 29% 9% 34% 10% Corporate Finance & Restructuring 12% Forensic and Litigatio
Slide 8: Corporate Finance & Restructuring
Corporate Finance & Restructuring Services Bankruptcy Support Services Transaction Services Interim Management Services Valuation & Financial Advisory Services Investment Banking Clients Corporations/C-Suite Litigation Support Boards of Directors Business Transformation Services Equity Sponsors Perf
Slide 9: Corporate Finance & Restructuring (continued)
Corporate Finance & Restructuring (continued) Segment Offering 2016 Key Financial Commentary The Corporate Finance & Restructuring segment focuses on Revenues increased $42.9 million, or 9.7%, from 2015 to 2016, strategic, operational, financial and capital needs of which included a 1.8% estimated n
Slide 10: Forensic and Litigation Consulting
Forensic and Litigation Consulting Services Business Insurance Claims Health Solutions Compliance, Monitoring & Receivership Insurance Construction & Environmental Solutions Intellectual Property Dispute Advisory Services Trial Services Data & Analytics Clients Corporations Financial Services Boards
Slide 11: Forensic and Litigation Consulting (continued)
Forensic and Litigation Consulting (continued) Segment Offering 2016 Key Financial Commentary The Forensic and Litigation Consulting segment provides a Revenues decreased $24.5 million, or 5.1%, from 2015 to 2016, complete range of multidisciplinary, independent dispute which included a 1.1% estimat
Slide 12: Economic Consulting
Economic Consulting Services Antitrust & Competition Economics Regulated Industries Business Valuation Securities Litigation & Risk Management Center for Healthcare Economics and Policy Clients Intellectual Property Corporations International Arbitration Government Entities Labor & Employment Law Fi
Slide 13: Economic Consulting (continued)
Economic Consulting (continued) Segment Offering 2016 Key Financial Commentary The Economic Consulting segment, including subsidiary Revenues increased $52.6 million, or 11.7%, from 2015 to 2016, Compass Lexecon, provides analysis of complex economic which included a 2.1% estimated negative impact f
Slide 14: Technology
Technology Software & Services Clients Computer Forensics & Investigations Corporations Discovery Consulting Government Agencies E-discovery Software & Services Law Firms 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016 Segment Revenue $195,194 $202,663 $241,3
Slide 15: Technology (continued)
Technology (continued) Segment Offering 2016 Key Financial Commentary The Technology segment is a leading provider of software Revenues decreased $40.9 million, or 18.7%, from 2015 to 2016, and consulting services for e-discovery and information which included a 1.2% estimated negative impact from F
Slide 16: Strategic Communications
Strategic Communications Services Corporate Communications Shareholder Activism & Proxy Advisory Creative Engagement & Digital Communications Strategy Consulting & Research Crisis Communications Clients Employee Engagement & Change Communications CEOs Financial Communications CFOs Litigation Communi
Slide 17: Strategic Communications (continued)
Strategic Communications (continued) Segment Offering 2016 Key Financial Commentary The Strategic Communications segment provides Revenues increased $1.2 million, or 0.6%, from 2015 to 2016, comprehensive view of strategic communications with an which included a 3.9% estimated negative impact from F
Slide 18: Full Year 2016 Awards & Accolades
Full Year 2016 Awards & Accolades Forbes magazine named FTI Consulting to their inaugural list of America’s Best Management Consulting Firms in 17 categories (2016) Corporate Counsel Names FTI Consulting a Top Service Provider in the Legal Industry and as the #1 Provider for Crisis Management, Litig
Slide 19: Full Year 2016 Awards & Accolades (continued)
Full Year 2016 Awards & Accolades (continued) FTI Consulting recognized as the top Intellectual Property Litigation Consulting Firm in the 2016 Best of The National Law Journal reader rankings and voted #1 Intellectual Property Litigation Consulting Services provider in The National Law Journal’s “B
Slide 20: Financial Overview
Tal CONSULTING Financial Overview
Slide 21: FY 2012 – FY 2017 Guidance: Revenues
FY 2012 – FY 2017 Guidance: Revenues Revenues $2,100 $1,800-$1,900 $1,779 $1,810 $1,756 $1,750 $1,652 $1,577 $1,400 ($ Millions) $1,050 $700 $350 $0 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Guidance 21
Slide 22: FY 2012 – FY 2016: Net Income and Adjusted EBITDA
FY 2012 – FY 2016: Net Income and Adjusted EBITDA $100.0 Net Income $85.5 $80.0 $66.1 $58.8 $60.0 ($ Millions) $40.0 $20.0 $0.0 ($20.0) ($10.6) ($40.0) ($37.0) ($60.0) FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 $300.0 Adjusted EBITDA¹ $245.8 $245.5 $250.0 $210.6 $205.8 $203.0 ($ Millions) $200.0 $150.0
Slide 23: FY 2012 – FY 2017 Guidance: GAAP and Adjusted EPS
FY 2012 – FY 2017 Guidance: GAAP and Adjusted EPS GAAP Earnings Per Share $2.50 $1.95-$2.30 $2.05 $2.00 $1.58 $1.44 $1.50 $1.00 $0.50 $0.00 ($0.50) ($0.27) ($1.00) ($0.92) ($1.50) FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Guidance $3.00 $2.50 Adjusted Earnings Per Share¹ $2.10-$2.40 $2.17 $2.2
Slide 24: Financial Profile
Financial Profile (in thousands, except for DSOs) FY 2016 FY 2015 FY 2014 Cash and cash equivalents $ 216,158 $ 149,760 $ 283,680 Accounts receivable, net $ 474,897 $ 499,784 $ 485,101 Days sales outstanding ("DSO") 91 97 97 Net cash provided by operating activities $ 233,488 $ 139,920 $ 135,401 Pur
Slide 25: Financial Tables: Reconciliations of Non-GAAP Financial Measures
Financial Tables Reconciliations of Non-GAAP Financial Measures
Slide 26: Reconciliations of Net Income (Loss) to Adjusted Net Income and EPS
Reconciliations of Net Income (Loss) to Adjusted Net Income and Earnings (Loss) Per Share to Adjusted Earnings Per Share (in thousands, except for per share data) 2016 2015 2014 2013 2012 Net income (loss) $85,520 $66,053 $58,807 ($10,594) ($36,986) Add back: Special charges 10,445 - 16,339 38,414 2
Slide 27: Reconciliation of Net Income (Loss) to Adjusted EBITDA
Reconciliation of Net Income (Loss) to Adjusted EBITDA (in thousands) 2016 2015 2014 2013 2012 Net Income (Loss) $ 85,520 $ 66,053 $ 58,807 $ (10,594) $ (36,986) Interest income and other (10,466) (3,232) (4,670) (1,748) (5,659) Interest expense 24,819 42,768 50,685 51,376 56,731 Income tax provisio
Slide 28: End Notes: FTI Consulting Non-GAAP Data Reconciliations
End Notes: FTI Consulting Non-GAAP Data Reconciliations We have included the definitions of Segment Operating Income (Loss) and Adjusted Segment EBITDA below in order to more fully define the components of certain non-GAAP financial measures presented in this earnings release. We define Segment Oper
Slide 29: Experts with Impact
Tal CONSULTING Experts with Impact