Caci International, Inc. · NYSE:CACI
Caci International — Q4 FY2014 Earnings Presentation
13 slides from Caci International's earnings presentation, Aug 21, 2014
Slide 1: CACI International Inc Fourth Quarter and Full Fiscal Year 2014
CACI International Inc Fourth Quarter and Full Fiscal Year 2014 August 21, 2014 INFORMATION DEPLOYED. SOLUTIONS ADVANCED. MISSIONS ACCOMPLISHED.
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 c
Slide 3: Our Participants Today
Our Participants Today Ken Asbury President and Chief Executive Officer Tom Mutryn Chief Financial Officer John Mengucci Chief Operating Officer and President, U.S. Operations Greg Bradford Chief Executive Officer, CACI Limited in the UK INFORMATION DEPLOYED. SOLUTIONS ADVANCED. MISSIONS ACCOMPLISHE
Slide 4: Solid Fourth Quarter and Fiscal Year Results
Solid Fourth Quarter and Fiscal Year Results Significantly higher contract awards and funding orders Generated strong cash flow Fully integrated Six3 and is on track for accretion goals Reiterating FY15 guidance 4 | CACI 4th Quarter Fiscal Year 2014 Conference Call | August 21, 2014
Slide 5: CEO Overview
CEO Overview Expect the government to operate under a continuing resolution at the beginning of GFY15 Expect that current market conditions will continue Increased RFPs and RFIs a positive if they convert to timely awards Increased level of threats means our customers will continue to rely on CACI’s
Slide 6: CEO Overview
CEO Overview Pleased with our progress in FY14 in adapting to the market • Invested in talent • Refined our business development processes • Delivered operational excellence • Completed a transformational acquisition • Aligned business to focus on all market areas Confident that our strategy will co
Slide 7: Fourth Quarter Results
Fourth Quarter Results Revenue Net Income $1,000M $45M $912.9 $905.7 $37.9 $40M $900M $36.5 $35M $800M $30M $700M $25M $20M $600M $15M $500M $10M Q4 `13 Q4 `14 Q4 `13 Q4 `14 Decrease driven primarily by: Indirect expenses slightly higher • Reductions in run-rates on than last year existing contracts
Slide 8: Fourth Quarter Cash Flow and Leverage
Fourth Quarter Cash Flow and Leverage Generated $52 million in operating cash flow Days sales outstanding – 59 days TTM Free Cash Flow Per $400 Share (right scale) $12.00 $ millions (except per share data) $10.00 $300 $8.00 $200 $6.00 TTM Free Cash Flow $4.00 $100 (left scale) $2.00 $0 $- 10.4% free
Slide 9: Reiterating FY15 Guidance
Reiterating FY15 Guidance FY15 Guidance Revenue (millions) $3,300 – $3,600 Net income (millions) $125 – $135 Diluted EPS $5.10 – $5.51 Diluted shares (millions) 24.5 FY15 revenue expected to be -7% to 1% versus FY14 FY15 net income expected to be -8% to 0% versus FY14 FY15 diluted EPS expected to be
Slide 10: Operational Highlights
Operational Highlights $698 million in contract awards in the quarter, 24% higher than last year $907 million in contract funding orders, 26% higher than last year Focus on business development remains a priority • Adding top talent • Refining our shot selection and processes • Pursuing and winning
Slide 11: Confidence in our FY15 Plan
Confidence in our FY15 Plan FY15 Planned Revenue as of: Q4, FY14 76% EXISTING BUSINESS 11% RECOMPETES 13% NEW BUSINESS 52% currently funded, comparable to this time last year Initial Guidance 70% 15% 15% EXISTING BUSINESS RECOMPETES NEW BUSINESS 11 | CACI 4th Quarter Fiscal Year 2014 Conference Call
Slide 12: CACI's Performance
CACI’s Performance Dedicated to our customers’ missions Delivering innovative, distinctive solutions and superior performance Positioned to deliver long-term shareholder value 12 | CACI 4th Quarter Fiscal Year 2014 Conference Call | August 21, 2014
Slide 13: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures Trailing twelve month (TTM) free cash flow is TTM cash flow from operations less TTM capital expenditures. TTM free cash flow per share is TTM free cash flow divided by TTM diluted share count. EBITDA is GAAP net income plus net interest expense, income taxes, and de