Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2019 Earnings Presentation
13 slides from Booz Allen Hamilton's earnings presentation, Feb 1, 2019
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2019, Third Quarter February 1, 2019
Slide 2: Call Participants
HORACIO ROZANSKI CALL PRESIDENT AND CHIEF EXECUTIVE OFFICER PARTICIPANTS LLOYD HOWELL CHIEF FINANCIAL OFFICER AND TREASURER NICHOLAS VEASEY DIRECTOR INVESTOR RELATIONS 1
Slide 3: Disclaimer
DISCLAIMER Forward Looking Safe Harbor Statement Certain statements contained in this presentation and in related comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include
Slide 4: Key Financial Results
KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2019 PRELIMINARY RESULTS THIRD QUARTER (1) YEAR TO DATE (12/31/18) (1) Revenue $1.7 billion 13.1% Increase $4.9 billion 8.5% Increase Revenue, Excluding Billable Expenses $1.2 billion 12.2% Increase $3.5 billion 9.5% Increase Adjusted EBITDA $180 milli
Slide 5: Q3 FY19 Performance: Aligned with Investment Thesis
Q3 FY19 Performance: Aligned with Investment Thesis Investment Thesis Unique Market Position Strong Financial Returns Option Value 50% ADEPS Growth + Investments in innovation, talent, and capabilities position us to help clients adopt current and new technologies First mover advantage enhanced by o
Slide 6: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL Backlog (1) $25 $21.4 $20.5 $20.4 $20 $12.4 $12.4 $16.7 $16.7 $17.0 $16.1 in billions $15 $13.6 $13.5 $13.6 $14.0 $9.2 $9.6 $10.1 $9.2 $11.8 $12.0 $7.0 $7.5 $7.7 $8.3 $10 $6.6 $6.5 $4.8 $3.9 $4.5 $5 $3.3 $4.2 $4.2 $4.1 $2.5 $2.9 $3.2 $3.1 $3.2 $3.6 $4.2 $3.5 $2.7 $2
Slide 7: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY • Increasing our quarterly dividend by $0.04 per share (vs. prior increases of $0.02 per share) • Investor day yield target a priority, as is continuing our track record of quarterly dividend growth •
Slide 8: Financial Outlook - Full Year FY19 Guidance
FINANCIAL OUTLOOK - FULL YEAR FY19 GUIDANCE INCREASING MARGIN AND ADEPS GUIDANCE Current Prior (Q2 Announcement) Revenue Growth 7.0 - 8.0% 6.0 - 8.0% Adjusted EBITDA Margin on 10.0% - 10.5% ~10% Revenue Adjusted Diluted EPS (1) $2.65 - $2.75 $2.55 - $2.65 Net Cash Provided by Operating $360 - $500 m
Slide 9: Appendix
APPENDIX 8
Slide 10: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • "Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not ind
Slide 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Nine Months Ended December 31, December 31, (In thousands, except share and per share data) 2018 2017 2018 2017 (a) Reflects debt refinancing costs incurred in (Unaudited) (Unaudited) connection with the refinancing transaction Revenue, Excluding Bil
Slide 12: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Third Quarter Fiscal 2019 – Below is a summary of the key factors driving results for the fiscal 2019 third quarter ended December 31, 2018 as compared to the prior year: • Revenue increased by 13.1% to $1.7 billion driven primarily by continued strength in client dem
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Nine Months Ended December 31, 2018 – Booz Allen's cumulative performance for the first three quarters of fiscal 2019 has resulted in: • Net cash proved by operating activities was $283.2 million as of December 31, 2018 as compared to $246.9 million in the prior year
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