Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Investor Presentation (February 2025)
32 slides from Fti Consulting's investor presentation, February 2025
Slide 1: Investor Presentation
Investor Presentation FTI Consulting, Inc. February 2025
Slide 2: Cautionary Note about Forward-Looking Statements
Cautionary Note about Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve uncertainties and risks. Forward-look
Slide 3: FTI Consulting: Experts with Impact
FTI Consulting: Experts with Impact FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes FCN $5.9B 1982 8,300+ Publicly Equity Market Year Employees Traded Capitalization (1) Founded Worldwide 800+ 84 21 S
Slide 4: Our Global Reach
Our Global Reach With offices in 84 cities and 34 countries and territories, FTI Consulting has a presence in every major financial center and every corner of the globe, and we successfully serve our clients wherever challenges and opportunities arise. Office Locations The Americas Europe, Middle ■
Slide 5: Investment Thesis
Investment Thesis Leading global business advisory firm with strong people and strong positions: corporations, law firms and governments come to us when there is a critical need Organic growth strategy with an emphasis on profitable revenue growth Committed to building a profitable business with sus
Slide 6: Business Snapshot: Five Segments, One Purpose
Business Snapshot: Five Segments, One Purpose Forensic and Litigation Consulting ▪ Construction, Projects & Assets and Environmental Solutions Corporate Finance & ▪ Data & Analytics Restructuring ▪ Disputes ▪ Healthcare Risk Management & ▪ Transactions Advisory ▪ Transformation & Strategy ▪ Risk and
Slide 7: Segment Snapshot: Segment Revenues and Total Adjusted Segment EBITDA
Segment Snapshot: Segment Revenues and Total Adjusted Segment EBITDA FY 2024 Segment Revenues FY 2024 Total Adjusted Segment EBITDA (1) 9% 9% 11% 11% 38% 44% 20% 23% 19% 16% Corporate Finance & Restructuring Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications (
Slide 8: Corporate Finance & Restructuring
Corporate Finance & Restructuring Services ▪ Transactions – Diligence (Financial, Tax, HR, IT, Synergy, Regulatory) – Fairness and Solvency Opinions – Investment Banking – Merger Integration & Carve-Out Advisory 29 – Strategic Alternatives countries and – Valuation territories ▪ Transformation & Str
Slide 9: Corporate Finance & Restructuring (continued)
Corporate Finance & Restructuring (continued) Segment Offering 2024 Key Financial Commentary Our Corporate Finance segment focuses on ▪ Revenues increased $44.5 million, or 3.3%, to $1,391.2 million for the year ended December the strategic, operational, financial, 31, 2024. Pass-through revenues co
Slide 10: Forensic and Litigation Consulting
Forensic and Litigation Consulting Services ▪ Construction, Projects & Assets and Environmental Solutions – Environmental Cost & Damages Analyses – Environmental Dispute Resolution – Expert Services in Delay, Disruption, Quantum & Damages – Project Delivery and Asset Management Advisory & Transforma
Slide 11: Forensic and Litigation Consulting (continued)
Forensic and Litigation Consulting (continued) Segment Offering 2024 Key Financial Commentary Our Forensic and Litigation Consulting segment provides law firms, companies, ▪ Revenues increased $36.1 million, or 5.5%, to $690.2 million for the year ended December boards of directors, government entit
Slide 12: Economic Consulting
Economic Consulting Services ▪ Antitrust & Competition Economics – M&A-related Antitrust 24 – Non-M&A-related Antitrust ▪ Financial Economics countries – Contractual Claims – Rate Setting – Securities Litigation & Risk Management – Transfer Pricing – Valuation ▪ International Arbitration – Business
Slide 13: Economic Consulting (continued)
Economic Consulting (continued) Segment Offering 2024 Key Financial Commentary Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides ▪ Revenues increased $92.2 million, or 12.0%, to $863.6 million for the year ended December law firms, companies, government entities 31,
Slide 14: Technology
Technology Services ▪ Corporate Legal Department Consulting – Advisory on Governance, Policy, Standards and Execution – Advisory on Operational Efficiencies – Contract Services 17 – Legal Technology Selection and Implementation – Subscriptions and Managed Services countries ▪ E-discovery and Analyti
Slide 15: Technology (continued)
Technology (continued) Segment Offering 2024 Key Financial Commentary Our Technology segment provides companies, law firms, private equity firms ▪ Revenues increased $29.8 million, or 7.7%, to $417.6 million for the year ended December and government entities with a 31, 2024, primarily due to higher
Slide 16: Strategic Communications
Strategic Communications Services ▪ Corporate Reputation – Crisis and Issues Management – Cybersecurity and Data Privacy 23 Communications countries – Digital, Analytics and Insights – Litigation Communications – People & Transformation ▪ Financial Communications – Corporate Governance & Shareholder
Slide 17: Strategic Communications (continued)
Strategic Communications (continued) Segment Offering 2024 Key Financial Commentary Our Strategic Communications segment develops and executes communications ▪ Revenues increased $6.8 million, or 2.1%, to $336.0 million for the year ended December strategies to help management teams, 31, 2024, prima
Slide 18: Fourth Quarter 2024: Select Awards & Accolades
Fourth Quarter 2024 Select Awards & Accolades 18
Slide 19: Financial Overview
Financial Overview im £. Fvsulrind
Slide 20: FY 2020 – FY 2025 Guidance: Revenues
FY 2020 – FY 2025 Guidance: Revenues $3,660 - $3,810 20
Slide 21: FY 2020 – FY 2024: Net Income and Adjusted EBITDA
FY 2020 – FY 2024: Net Income and Adjusted EBITDA Net income Adjusted EBITDA (1) (2) (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the reconciliation and definition of Adjusted EBITDA, which is a non-GAAP financial measure, to the most directly
Slide 22: FY 2020 – FY 2025 Guidance: Earnings per Diluted Share and Adjusted EPS
FY 2020 – FY 2025 Guidance: Earnings per Diluted Share and Adjusted Earnings per Diluted Share $7.44 - $8.24 (1) $7.80 - $8.60 (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the reconciliation and definition of Adjusted Earnings per Diluted Shar
Slide 23: Select Cash Position and Capital Allocation
Full Year 2024, 2023 and 2022: Select Cash Position and Capital Allocation All numbers in thousands, except for DSO 2024 2023 2022 Cash and cash equivalents $ 660,493 $ 303,222 $ 491,688 Accounts receivable, net $ 1,020,174 $ 1,102,142 $ 896,153 Short-term investments (1) $ — $ 25,461 — Days sales o
Slide 24: Financial Tables: Reconciliations of Non-GAAP Financial Measures
Fe Financial Tables Reconciliations of Non-GAAP Financial Measures
Slide 25: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in thousands) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net income $ 280,088 $ 274,892 $ 235,514 $ 234,966 $ 210,682 Income tax provision 70,683 83,471 62,235 62,981 51,764 Interest income and other (1) (10,360) 4,867 (3,918) (6,193) 412 Interest expens
Slide 26: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Years Ended December 31, 2024 and December 31, 2023 All numbers in $000s Year Ended December 31, 2024 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting
Slide 27: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Years Ended December 31, 2022 and December 31, 2021 All numbers in $000s Year Ended December 31, 2022 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting
Slide 28: Reconciliations of Net Income to Adjusted Net Income and Adjusted EPS
Reconciliations of Net Income to Adjusted Net Income and Earnings per Diluted Share to Adjusted Earnings per Diluted Share (in thousands, except for per share data) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Net income $ 280,088 $ 274,892 $ 235,514 $ 234,966 $ 210,682 Add back: Special charges 8,230 —
Slide 29: Reconciliation of Net Income to Total Adjusted Segment EBITDA
Reconciliation of Net Income to Total Adjusted Segment EBITDA (in thousands) FY 2024 Net income $ 280,088 Add back: Income tax provision 70,683 Interest income and other (10,360) Interest expense 6,951 Unallocated corporate expenses 147,594 Segment depreciation expense 41,861 Amortization of intangi
Slide 30: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in thousands) FY 2024 FY 2023 FY 2022 Net cash provided by operating activities $ 395,097 $ 224,461 $ 188,794 Purchases of property and equipment (34,900) (49,562) (53,098) Free Cash Flow (1) $ 360,197 $ 174,899 $ 135,696
Slide 31: End Notes: FTI Consulting Non-GAAP Financial Measures
End Notes: FTI Consulting Non-GAAP Financial Measures In this presentation, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the Un
Slide 32: Experts with Impact
im F, T YL CONSULTING Experts with Impact” 32
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