Slide 1: Third Quarter — Fiscal Year 2011 Earnings
Third Quarter — Fiscal Year 2011 Earnings David N. Walker Chief Financial Officer and Treasurer August 4, 2011 number of statements being made today willhe forwarcaokingin nati, Such statements are onlypredidionsand actual eventsor resultsmay dlitter materiallyas arecult atrisks we face, inducingthe
Slide 2: Selected Financial Results from Continuing Operations
Selected Financial Results from Continuing Operations Operating income {loss} a3 a3 $ x (Smm, except per share data) FYM | FY10 change change Adual Actual Revenue Health Services, S18 3 173 $ 145 114% Human Senices 5 M2 123 14.6% Total slaa3|s m5 $ m8 127% Health Senices 3 19S MS S$ 14 OTH Human Sen
Slide 3: Health Services Segment
(a Health Services Segment a3 a3 % FY11 FY10 change Revenue Health Services. $141.8 $1273 11% Operating Income Health Services. $159 $ 145 10% Operating Margin % 112% 11.4% Sin millions + FY 11 Q3 Health Services Segment revenue grew 11% to $141.8 million, driven primarily by new work and expansion
Slide 4: Human Services Segment
(a Human Services Segment a3 a3 ‘% FY11 FY10 change Revenue Human Services $ 965 $ 842 15% Operating Income Human Services. $ 149 $ 107 40% Operating Margin % 15A% = 12.7% in millions FY 11 Q3 Human Services Segment revenue grew 15% (4% on a constant currency basis) to $96.5 million, driven by growt
Slide 5: Balance Sheet and Cash Flows
a Balance Sheet and Cash Flows + FY 11Q3 cash provided by operating activities from continuing operations totaled $34.1 million, with free cash flow’ from continuing operations of $27.8 million + Strong cash flows in the quarter were driven by solid net income andrecordlow DSOs of 54 days + During t
Slide 6: Updated FY Guidance
(a Updated FY 11 Guidance FY 11E Revenue $925-$935 milion Adjusted Diluted EPS: $2.15-$2.20 Cash from Continuing Ops $70-$90 milion Free Cash Flow from Cont. Ops | $50-$70 milion + Increasing our FY 11 revenue guidance to $925-$935 million and adjusted diluted earnings per share in the range of $2.1
Slide 7: Third Quarter — Fiscal Year 2011 Earnings
Third Quarter — Fiscal Year 2011 Earnings Richard A. Montoni President and Chief Executive Officer August 4, 2011 AOS iY 2 ~ HELPING GOVERNMENT SERVE THE PEOPLE® 7
Slide 8: Another Quarter of Record Results for MAXIMUS
Another Quarter of Record Results for MAXIMUS + Another quarter of record financial results + Continue to see growth and opportunities in both Segments and across all geographies + Will provide formal guidance for FY12 in November, but wanted to touch upon major themes from last quarter and Investor
Slide 9: Long-Term Impacts from the UK Work Programme
(a Long-Term Impacts from the UK Work Programme 2012impacts eT + Expect to lose $10.6 million, pre-tax, in FY Expected Ramp on the UK Contract ($ in millions) © 75°°5, $0.22 au share: RYTVRY"D represents a $0.33 headwind to earnings FY11E FY12E FY13E FY 14E + Still expect total Company revenue growt
Slide 10: United Kingdom's Work Programme Update
United Kingdom’s Work Programme Update + Operations went live on time with positive client feedback on the smooth implementation of our case management technology solution + Local management team has made strides to finalizing facilities requirements and bringing new employees on board i] + Initial
Slide 11: Health & Human Services Opportunities in Canada
(a Health & Human Services Opportunities in Canada + More provinces are looking for ways to provide secure electronic pharmacy and medical records through Drug Information Systems (DIS) + Recently awarded a contract in Nova Scotia for the implementation of our DIS product, Medigent® + Contract repre
Slide 12: Potential Contract Extension in Australia
Potential Contract Extension in Australia * TheAustralian government has notified all welfare-to-work vendors of a potential three- year contract extension if vendors continue to achieve required star ratings targets + Contract extension is contingent on the achievement of specific targets in the ne
Slide 13: Growth in our U.S. Health Operations
Growth in our U.S. Health Operations + In June, launched operations for the New York Enrollment Center contract, which consolidates, standardizes and simplifies the renewal process for the state’s public health insurance programs + This week, launched a new customer contact center in Edinburg, TX to
Slide 14: Affordable Care Act (ACA) Update
(a Affordable Care Act (ACA) Update In July, the Department of Health & Human Services released proposed regulations on the implementation of health insurance exchanges > Provides states with a more flexible implementation timeline + Weare still awaiting subsequent regulations and rulemaking related
Slide 15: Marketing our Exchange Solution with Connecture
(a Marketing our Exchange Solution with Connecture + MAXIMUS is actively marketing the health insurance exchange solution developed MAXIMUS | connecture through our strategic alliance with Connecture + Connectureis a leading provider of Web- based marketplaces and administration solutions for health
Slide 16: New Awards and Sales Pipeline (in millions)
New Awards and Sales Pipeline (in millions) YTD signed awards ST New contracts pending $ 338 Sales Opportunities | Total pipeline $1,818 We will routinely experience fluctuations between the pipeline and | new sales categories, driven by the procurement process and the | timing of when contracts are
Slide 17: David N. Walker Chief Financial Officer and Treasurer August 4, 2011 Third Quarter –
David N. Walker Chief Financial Officer and Treasurer August 4, 2011 Third Quarter – Fiscal Year 2011 Earnings 1 1 A number of statements being made today will be forward-looking in nature. Such statements are only predictions and actual events or results may differ materially as a result of risks w