Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q2 2025 Earnings Presentation
17 slides from Booz Allen Hamilton's earnings presentation, Oct 25, 2024
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2025, Second Quarter October 25, 2024
Slide 2: Call Participants
HORACIO ROZANSKI CALL Chairman, Chief Executive Officer & President PARTICIPANTS MATT CALDERONE Chief Financial Officer LINDSAY JOYCE Vice President, Financial Planning & Analysis and Investor Relations 2
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 SECOND QUARTER FISCAL YEAR 2025 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $3.1 billion +18.0% $6.1 billion +14.4% Revenue, Excluding Billable Expenses $2.2 billion +18.3% $4.2 billion +13.3% Net Income $390 million +128.5% $555 million +67.2% Adjusted EBITDA (2) $364 mi
Slide 5: Investment Thesis: Exceptional Shareholder Value Creation
INVESTMENT THESIS EXCEPTIONAL SHAREHOLDER VALUE CREATION FY2023–FY2025 GOALS Competitive ADJUSTED EBITDA Disciplined Edge at the GROWTH TO $1.2–1.3B Capital Mission- Deployment Innovation Organic Strategic Strong Mid 10% Intersection Revenue + Acquisitions & + Adjusted $2.0–3.5B 5–8% Investments EBI
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2025 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $3.1 billion +18.0% $6.1 billion +14.4% Revenue, Excluding Billable Expenses $2.2 billion +18.3% $4.2 billion +13.3% Net Income $390 million +128.5% $555 million +67.2
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN BILLIONS) (1) $41.3 $22.0 $35.0 $36.2 $34.3 $33.8 $31.8 $31.2 $31.3 $29.2 $28.6 $30.0 $27.8 $24.3 $18.6 $19.9 $19.5 $20.9 $16.0 $15.4 $17.1 $17.3 $14.3 $15.6 $14.6 $10.4 $10.1 $10.1 $10.3 $9.4 $9.9 $10.0 $10.1 $9.5 $9.0 $9.2 $9.5 $4.0 $3.7 $4.0 $5.5 $4
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Our multi-year capital deployment plan follows a disciplined and opportunistic approach, subject to market conditions – In Q2 FY2025, we deployed approximately $300.3 million: – $65.8 million through
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FISCAL 2025 GUIDANCE (1) OPERATING PERFORMANCE Updated FY25 Original FY25 Guidance Guidance Revenue Growth 11.0% – 13.0% 8.0% – 11.0% Adjusted EBITDA $1,300 – $1,330 million $1,260 – $1,300 million Adjusted EBITDA Margin on Revenue ~11% ~11% Adjusted Diluted EPS $6.10 – $
Slide 10: Guidance Range Crosswalk
GUIDANCE RANGE CROSSWALK REVISED FY25 GUIDANCE RANGES AND IMPACTS OF DISCRETE ITEMS Three Discrete Items FY25 Guidance Bridges Three discrete items in Q2 Revenue Cash Flow ($M) FY25 to provide financial Initial guidance 8% - 11% Operational FCF $690 - $790 benefits: 3 Provision for claimed costs +~1
Slide 11: Appendix
APPENDIX 11
Slide 12: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • “Revenue, Excluding Billable Expenses” represents revenue less billable expenses. Booz Allen uses Revenue, Excluding Billable Expenses because it provides management useful information about the Company’s operating performance by excluding the impact of costs that ar
Slide 13: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended Six Months Ended September 30, September 30, (In thousands, except share and per share data) 2024 2023 2024 2023 Revenue, Excluding Billable Expenses Revenue $ 3,146,386 $ 2,666,282 $ 6,088,183 $ 5,320,768 Less: Billable expenses 968,022
Slide 14: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended Six Months Ended September 30, September 30, (In thousands, except share and per share data) 2024 2023 2024 2023 Adjusted Net Income Net income $ 390,112 $ 170,718 $ 555,345 $ 332,106 Change in provision for claimed costs (a) (113,112) (1
Slide 15: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) (a) Represents the reduction to our provision for claimed costs for years prior to fiscal 2025 recorded during the second quarters of fiscal 2025 and 2024, which resulted in a corresponding increase to revenue, as a result of the Defense Contract Audit Agen
Slide 16: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended Three Months Ended Three Months Ended Three Months Ended (a) Reflects the combination of Interest expense and (In thousands, except share and per share data) September 30, 2024 June 30, 2024 March 31, 2024 December 31, 2023 Other income,
Slide 17: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Second Quarter Fiscal 2025 – Below is a summary of the key factors driving results for the fiscal 2025 second quarter ended September 30, 2024 as compared to the prior year period: • Revenue increased 18.0% to $3.1 billion and Revenue, Excluding Billable Expenses incr
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