Caci International, Inc. · NYSE:CACI
Caci International — Q2 FY2012 Earnings Presentation
15 slides from Caci International's earnings presentation, Feb 2, 2012
Slide 1: Second Quarter Fiscal Year 2012 Earnings Conference Call
CACI International Inc Second Quarter Fiscal Year 2012 Earnings Conference Call February 2, 2012
Slide 2: Forward-looking Statements
Forward-looking Statements There are statements made herein which do 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 ca
Slide 3: Participants
Participants Paul Cofoni President and Chief Executive Officer Tom Mutryn Chief Financial Officer Dan Allen President of U.S. Operations Bill Fairl Chief Development Officer Greg Bradford Chief Executive of CACI Limited UK Q2 FY12, February 2, 2012 3
Slide 4: Record Second Quarter Results
Record Second Quarter Results RECORDS RECORD Revenue of $973.2M ……………………...………………………...…………………… up 12.2% RECORD Pro forma operating income of $74.7M ……. up 26.8% RECORD Pro forma net income of $41.1M …….………….….…… up 24.8% RECORD Pro forma diluted EPS of $1.51 ………………………….…… up 41.4% RECORD
Slide 5: Factors That Differentiate CACI
Factors That Differentiate CACI Positioned in well-funded markets Committed to operational excellence Focused on bringing innovation to our clients Have a culture that values teamwork, winning, and agility Q2 FY12, February 2, 2012 5
Slide 6: CACI and the DoD's Guidance and Priorities
CACI and the DoD’s Guidance and Priorities Corporate strategy aligned with DoD priorities for increased funding of: • Intelligence, surveillance, and reconnaissance (ISR) • Counterterrorism • Cybersecurity • Reducing the cost of doing the business of government CACI has business in all of the ab
Slide 7: Management Changes and Additions
Management Changes and Additions Management changes • Dan Allen – President of U.S. Operations • Bill Fairl – Chief Development Officer Attracting talented executives • Krisstie Kondrotis – Executive Vice President of Business Development • Lani Kass – Corporate Strategic Advisor and Senior Vice
Slide 8: Record Financial Results
Record Financial Results Pro Forma Revenue Operating Income* $1,100M $80M $74.7 $1,000M $973.2 $70M $900M $867.3 $800M $60M $58.9 $700M $50M $600M $500M $40M Q2 `11 Q2 `12 Q2 `11 Q2 `12 Record revenue driven by: Record operating income driven by: Direct labor growth of 11.8% Direct labor growth
Slide 9: Record Financial Results
Record Financial Results Pro Forma Pro Forma Net Income* Diluted EPS* $45M $1.70 $41.1 $1.51 $40M $1.50 $35M $32.9 $1.30 $30M $1.10 $1.06 $25M $0.90 $20M $0.70 Q2 `11 Q2 `12 Q2 `11 Q2 `12 Earnings growth driven by strong operating income Effective tax rate of 39.6% for Q2 FY12 Reduced diluted
Slide 10: Other Financial Metrics
Other Financial Metrics Operating cash flow of $29 million; $85 million for six months ended 12/31/11 Trailing 12 months free cash flow of $226 million • TTM operating cash flow ($242 million) less TTM capital expenditures ($16 million) Pro forma diluted adjusted EPS of $2.00* Net debt of $5
Slide 11: Raising Guidance for FY12
Raising Guidance for FY12 Current FY12 Previous FY12 Guidance* Guidance* Revenue (millions) $3,850 – $4,050 $3,850 – $4,050 Net income (millions) $162 – $168 $157 – $163 Diluted EPS $5.72 – $5.94 $5.55 – $5.80 Diluted shares (millions) 28.3 28.2 *Based on expected GAAP results FY12 revenue expected
Slide 12: Second Quarter FY12 Operations
Second Quarter FY12 Operations Operational Excellence • Increase in operating income driven by continued strong program performance • Expanding CACI labor content on our contracts Record Contract Funding Orders and Awards • Contract funding orders of $605 million, 17% increase • Contract awards
Slide 13: Wins That Demonstrate Strategy Execution
Wins That Demonstrate Strategy Execution DoD strategy of “More Disciplined Use of Defense Dollars” • $37 million contract to help the Navy more efficiently manage the purchase, maintenance, and deployment of supplies • $39 million task order to support the Defense Logistics Agency in modernizing a
Slide 14: Leading Indicators Pointed in Right Direction
Leading Indicators Pointed in Right Direction Opportunity pipeline remains strong • Nearly $6 billion in submitted proposals under evaluation (66% for new business) • Pace of bid and proposal activity is accelerating • Expect to submit more than $10.7 billion in new proposals by the end of Q4 (> 6
Slide 15: CEO Closing Comments
CEO Closing Comments Committed to helping our government clients Have the agility to adapt quickly to market changes and meet evolving client requirements Our capabilities are aligned with DoD’s guidance and government budget challenges Raising our FY12 guidance Q2 FY12, February 2, 2012 15