Icf International, Inc. · NASDAQ:ICFI
Icf International — Merger or Acquisition (June 2022)
9 slides from Icf International's merger presentation, Jun 8, 2022
Slide 1: Definitive agreement to acquire SemanticBits
—> Definitive agreement to acquire SemanticBits John Wasson Chair and CEO
Slide 2: Cautionary statement
Cautionary statement Certain statements made by us in this presentation that are not historical facts or that relate to future plans, events, or performances are forwarcHooking statements within the meaning of the federal. securities laws. Our actual results may differ materially from those expresse
Slide 3: Company overview
Company overview Leading provider of agile software development and digital transformation services to leading U. federal health agencies High teens EBITDA margin expected as part of ICF Leading Technology Services softwar development and delivery Data science, analytics, and machine learning/Al Dat
Slide 4: Strategic rationale
Strategic rationale the federal health market @ Leading growth platform: Unique opportunity to acquire a top-tier asset that is focused on Direct access to priority customers: Supportsdirect expansion into ICF’s highly desired customer, CMS, with a strong foothold and presence ‘open-source project e
Slide 5: Our initial view of the CMS opportunity
Our initial view of the CMS opportunity Four highest priorities within CMS Large contract vehicles « Center for Program Integrity (CPI): handles fraud, waste, and Key Contracts (FY 21 spending) abuse $1.75B GSA IT 70/MAS* + Center for Clinical Standards and Quality (CCSQ): healthcare/clinical qualit
Slide 6: Culture and workforce
Culture and workforce Employee bae overview 100% 40+ Remote worktorcesince | States where employee: ‘company/stounding | arelocated 450+ Billabie employees Employee cert with continued learning ‘Sjenficareopporunties for employees chnolgies tvough drectprojectexperience Mission -driven culture seen
Slide 7: Financial considerations
Financial considerations Purchase price of $220M funded by ICF's existing credit lines ICF’s net leverage ratio at closing to be ~3.55 to decline by 40 bps by year end 2022, absent additional acquisitions ~, Expected to be accretive to ICF’s Non-GAAP EPS upon closing Company will provide revised ful
Slide 8: SemanticBits meets our M&A criteria
SemanticBits meets our M&A criteria Gain access to CMS : g Open-source solutions and advanced analytics; health domain expertise Go Mission-drivenand client-centric + Strong pe e Rapid growth, great client relationships 5 e Federal sweet spot Immediately accretive
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