Jacobs Solutions Inc. · NYSE:J
Jacobs Solutions — Investor Presentation (February 2023)
29 slides from Jacobs Solutions's investor presentation, February 2023
Slide 1: Jacobs Investor Presentation
Jacobs Investor Presentation February 2023
Slide 2: Disclaimer
Disclaimer Forward-Looking Statement Disclaimer Non-GAAP Financial Measures and Operating Metrics Certain statements contained in this presentation constitute forward-looking statements within the meaning of the United States Private To supplement the financial results presented in accordance with S
Slide 3: Fiscal 2022
Fiscal 2022 By Sector1 By Region By Contract Mix Fixed -price Advanced APAC & other Fixed -price at risk Facilities Infrastructure limited risk 9% 5% 13% 45% 21% UK & Europe 23% National Security 25% North America Cost- ▪ Culture of inclusion, innovation and Energy & Environment 68% reimbursable 74%
Slide 4: Our cultural transformation: An inspirational journey for all
Our cultural transformation: An inspirational journey for all + Agile + Learning Culture Innovation + Inclusion & Diversity Empowerment & Accountability When we learn and grow together, we activate Empowerment & Accountability, Inclusion & Diversity, and Innovation. We lead, embrace, and anticipate
Slide 5: Our focus on sustainability results in industry-leading ESG scores
Our focus on sustainability results in industry-leading ESG scores Industry-leading status across several ESG raters and rankers: ▪ Added to Dow Jones Sustainability World Index 2022 and maintained our position in the North American Index for 3rd consecutive year ▪ Secured a position on CDP's "A Lis
Slide 6: Core sectors are positioned for long-term growth
Core sectors are positioned for long-term growth Critical Energy & Advanced Facilities National Security Infrastructure Environment Sectors ▪ Legislative drivers ▪ Infrastructure Investment and Jobs Act, Inflation Reduction Act and CHIPS Act Catalysts ▪ Supply chain and technology investments ▪ Incr
Slide 7: Driving growth in key sectors
Driving growth in key sectors Catalysts Sub-Sectors ▪ Transportation Legislative drivers ▪ Water ▪ Energy transition Double-Digit ▪ Semiconductor manufacturing Pipeline Supply chain and ▪ Life sciences technology investments growth YoY ▪ Electric vehicles ▪ Cyber and intelligence Increased global th
Slide 8: Delivering sustainable solutions
Delivering sustainable solutions Cross-market solution Capital Program Delivery Partner Ignalina Nuclear Power Plant Real-time Flood Forecasting for Brooklyn Bridge – Montgomery Delivering work aligned with Contract Decommissioning & Remediation Climate Response Street Coastal Resiliency the United
Slide 9: Delivering sustainable solutions
Delivering sustainable solutions Cross-market solution Electric Vehicle Battery Integrated Health Utility Delivering work aligned with Resiliency Hub Network Confidential Life Sciences Project the United Nations Sustainable Manufacturing Resilience Study Development Goals: The Atlantic Council, Miam
Slide 10: Delivering Data Solutions Across Key Areas of Domain Expertise
Delivering Data Solutions Across Key Areas of Domain Expertise Transportation Platform Water Platform National Security Platform StreetLight Intelligent O&M BlackStack – SearchLynx Software as a Service (SaaS) platform providing Data analytics solution aggregates and analyzes Software accelerating s
Slide 11: Advisory Services accelerating our positive social impact
Advisory Services accelerating our positive social impact Our teams are motivated by a common desire to create a better future for all. Improving healthcare for families Connecting communities Forestry protection Impacting air quality for all In collaboration with PA, on behalf of a Jacobs was recen
Slide 12: Fiscal 2023 Q1 results
Fiscal 2023 Q1 results Revenue up 12% y/y, Net Revenue up 8% y/y and up 12% in constant currency GAAP Operating Profit (OP) of $238M and OP Margin of 6% Adj. OP of $332M up 8% and up 15% in constant currency; Net Revenue Adj. OP Margin of 10.6% GAAP Net Earnings from Continuing Operations of $136M G
Slide 13: Balance sheet and cash flow
Balance sheet and cash flow Strong cash flow generation ▪ Q1 cash flow from operations (CFFO) $302M and FCF1 of $270M; including a one-time net $60M CARES Act repayment ▪ Expect ~100% underlying FY23 cash conversion to adjusted net income Balance sheet strength affords prudent capital deployment ▪ E
Slide 14: Outlook & Summary
Outlook & Summary Reiterating Fiscal 2023 Outlook ▪ Diverse portfolio of recurring revenue provides opportunity to grow under multiple economic “ scenarios with upside from Climate Response, Data Solutions and Consulting & Advisory accelerators Harambee members were ▪ Based on FX rates in mid Januar
Slide 15: Our foundation is strong
Our foundation is strong Purpose To create a more connected, sustainable world. Values We do things right. We challenge the accepted. We aim higher. We live inclusion. Employee Value Jacobs. A world where you can. Statement Where you Where you Where you can be you. can do. can grow. 15
Slide 16: Challenging today. Reinventing tomorrow.
Challenging today. Reinventing tomorrow. 7
Slide 17: Selected financial data
Selected financial data Q1 Q2 Q3 Q4 FY Q1 $’s in millions (unaudited) 2022 2022 2022 2022 2022 2023 People and Places Solutions Backlog 16,930 16,950 17,527 17,014 17,014 17,243 Revenue 1,921 2,163 2,223 2,228 8,535 2,227 Net Revenue 1,449 1,599 1,587 1,581 6,216 1,567 Operating Profit 189 193 214 2
Slide 18: Office of Global Climate Response and Environmental, Social & Governance (ESG)
Office of Global Climate Response and Climate Response Environmental, Social & Governance (ESG) Climate change: the greatest challenge and opportunity of Energy Transition Natural Resource Stewardship our generation ▪ Clean energy generation ▪ Integrated water management ▪ Grid modernization & energ
Slide 19: Environmental, Social & Governance Summary
▪ Climate Action Plan 2022 Environmental, Social & Governance Summary ▪ FY22 ESG Disclosures ▪ PlanBeyond 2.0 A sustainable business model aligning purpose and vision with both growth and ▪ Climate Risk Assessment FY22 positive impact: ▪ Approved Science-Based Targets ▪ Fully integrates purpose with
Slide 20: Use of Non-GAAP financial measures and operating metrics
Use of Non-GAAP financial measures and operating metrics In this presentation, the Company has included certain non-GAAP financial measures as defined in Regulation G promulgated under the Securities Exchange Act of 1934, as amended. These non-GAAP measures are described below. Net revenue is calcul
Slide 21: Use of Non-GAAP financial measures and operating metrics (cont.)
Use of Non-GAAP financial measures and operating metrics (cont.) Adjusted EBITDA, and the resulting calculation of adjusted EBITDA margin, is calculated by adding income tax expense, depreciation expense and adjusted interest expense, and deducting interest income from adjusted net earnings from con
Slide 22: Reconciliation of GAAP to Adjusted Results
Reconciliation of GAAP to Adjusted Results 24
Slide 23: Reconciliation of GAAP to Adjusted Results
Reconciliation of GAAP to Adjusted Results 25
Slide 24: Reconciliation of GAAP to Adjusted Results
Reconciliation of GAAP to Adjusted Results 26
Slide 25: Reconciliation of GAAP to Adjusted Results
Reconciliation of GAAP to Adjusted Results 27
Slide 26: Reconciliation of GAAP to Adjusted Results
Reconciliation of GAAP to Adjusted Results 28
Slide 27: Reconciliation of net earnings from continuing operations to adjusted EBITDA and free cash flow
Reconciliation of net earnings from continuing operations attributable to Jacobs to adjusted EBITDA and free cash flow 29
Slide 28: Reconciliation of Jacobs Constant Currency Revenue
Reconciliation of Jacobs Constant Currency Revenue 30
Slide 29: Reconciliation of Jacobs Constant Currency Operating Profit
Reconciliation of Jacobs Constant Currency Operating Profit 31
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