Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Investor Presentation (March 2019)
27 slides from Fti Consulting's investor presentation, Mar 4, 2019
Slide 1: FTI Consulting, Inc. Investor Presentation March 2019
FTI Consulting, Inc. Investor Presentation March 2019 Exhibit 99.1
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, which involve uncertainties and risks. Forward-loo
Slide 3: 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 Committed to building a profitable business with sustainable underlying growth, regardless of economic conditions Willingn
Slide 4: FTI Consulting: Experts with Impact
FCN Publicly Traded $2.8BLN 1982 Year Founded 4,700+ Total Employees Worldwide 480+ Senior Managing Directors 9 9 Specialized Industry Practice Groups 2 Nobel Laureates 8/10 Advisor to 8 of the World’s Top 10 Bank Holding Companies 96/100 Advisor to 96 of the World’s Top 100 Law Firms 49/100 49 of G
Slide 5: Recent Performance Builds on Success Against Transformational Agenda
Recent Performance Builds on Success Against Transformational Agenda EPS and Adjusted EPS (2) Revenues ($ in millions) Adjusted EBITDA (1) ($ in millions) Net Income ($ in millions) 12% 38% 43% 39% Charts not to scale. ¹See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financ
Slide 6: Robust Cash Flows and Strong Balance Sheet
Robust Cash Flows and Strong Balance Sheet Charts not to scale. Total Debt, Net of Cash/Adjusted EBITDA (1) ¹See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliations of Adjusted EBITDA, which is a non-GAAP financial measure,
Slide 7: We are Recognized as the World's Leading Experts
We are Recognized as the World’s Leading Experts 2018 America’s Best Management Consulting Firms 2018 Consulting Firm of the Year 2018 #1 Crisis Management Firm 2018 Global Turnaround Consulting Firm of the Year 2018 Forensic Accounting Firm of the Year 2018 Compass Lexecon #1 on Expert Witness Firm
Slide 8: Our Balanced and Diversified Portfolio
Our Balanced and Diversified Portfolio FTI Consulting is organized into five segments, each of which is a global leader in its own right for one simple reason: our commitment to having a tangible, positive impact on how our clients confront and manage change and risk. Corporate Finance & Restructuri
Slide 9: Corporate Finance & Restructuring
Corporate Finance & Restructuring Enhance Business Transformation and Transaction capabilities Grow Restructuring globally Deeper penetration of key industries, e.g., Retail, Healthcare, TMT, Automotive and Energy +17% Growth Opportunities ($ in millions) Adjusted Segment EBITDA (1) Revenues ¹See ac
Slide 10: Forensic & Litigation Consulting
Forensic & Litigation Consulting Growth Opportunities +12% Enhance core offerings, including Data & Analytics, Cybersecurity and Construction Solutions capabilities Grow overseas businesses, e.g., London and Hong Kong Strong utilization in Disputes, Investigations and Health Solutions practices ($ i
Slide 11: Economic Consulting
Economic Consulting Revenues +8% Maintain leading position of Compass Lexecon in the U.S. Grow overseas businesses, e.g., EMEA, Australia and Asia Develop adjacent businesses in the U.S., e.g., International Arbitration, Energy, Healthcare, TMT and Financial Services Growth Opportunities ($ in milli
Slide 12: Technology
Expand addressable market through new distribution channels for Consulting & Services Invest in new and adjacent services, e.g., Information Governance, Privacy & Security Services and Contract Intelligence Grow overseas businesses, e.g., Europe, Middle East and India Growth Opportunities Technology
Slide 13: Strategic Communications
Strategic Communications +16% Further develop large, complex client relationships Enhance market share in highly regulated industries, e.g., Public Affairs, Financial Services, Energy, Healthcare, Industrials and TMT Leverage FTI Consulting’s services and platform to enhance client results Growth Op
Slide 14: Collectively, We are Well-Positioned to Accelerate Growth
Collectively, We are Well-Positioned to Accelerate Growth The strength of our people, their relationships and our franchise is increasingly making FTI Consulting a place where the best people want to be Our performance has been achieved without a boom in restructuring We delivered record 2018 result
Slide 15: Financial Supplements
im TO. CONSULTING Financial Supplements
Slide 16: FY 2014 – FY 2019 Guidance: Revenues
FY 2014 – FY 2019 Guidance: Revenues
Slide 17: FY 2014 – FY 2018: Net Income and Adjusted EBITDA
FY 2014 – FY 2018: Net Income and Adjusted EBITDA ¹See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliations of Adjusted EBITDA, which is a non-GAAP financial measure. Adjusted EBITDA (1) Net Income
Slide 18: FY 2014 – FY 2019 Guidance: Earnings Per Diluted Share and Adjusted EPS
FY 2014 – FY 2019 Guidance: Earnings Per Diluted Share and Adjusted Earnings Per Diluted Share ¹See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliations of Adjusted Earnings Per Diluted Share, which is a non-GAAP financial m
Slide 19: Select Cash Position and Capital Allocation, FY 2016–2018
Full Year 2018, 2017 and 2016: Select Cash Position and Capital Allocation ¹Total debt excludes the impact of unamortized deferred debt issue costs of $6.7 million, $3.7 million and $4.5 million as of December 31, 2018, December 31, 2017 and December 31, 2016, respectively, and excludes the impact o
Slide 20: Financial Tables: Reconciliations of Non-GAAP Financial Measures
Financial TablesReconciliations of Non-GAAP Financial Measures
Slide 21: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA 1See “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition of Adjusted EBITDA, which is a non-GAAP financial measure. FY 2018 FY 2018 FY 2017 FY 2017 FY 2016 FY 2016 FY 2015 FY 2015 FY 2014 FY 2014 Net Income $ 150,611 $ 107,962 $
Slide 22: 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 1See “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definitions of Adjusted Net Income and Adjusted Earnings Per Diluted Share, which are non-GAAP financial mea
Slide 23: Reconciliation of Net Income to Total Adjusted Segment EBITDA
Reconciliation of Net Income to Total Adjusted Segment EBITDA 1See “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition of Total Adjusted Segment EBITDA, which is a non-GAAP financial measure. (in thousands) FY 2018 Net Income $150,611 Add back: Income tax provision 57,181 Inte
Slide 24: Reconciliation of Net Cash from Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow 1See “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition of Free Cash Flow, which is a non-GAAP financial measure. (in thousands) FY 2018 FY 2017 FY 2016 Net cash provided by operating activities $23
Slide 25: Reconciliation of Full Year 2019 EPS Guidance to Adjusted EPS Guidance
Reconciliation of Full Year 2019 EPS Guidance to Adjusted EPS Guidance Year Ended December 31, 2019 Low High Guidance on estimated earnings per common share - diluted (GAAP) 1 $3.33 $3.83 Non-cash interest expense on convertible notes, net of tax 0.17 0.17 Guidance on estimated adjusted earnings per
Slide 26: End Notes: Non-GAAP Financial Measures
End NotesFTI 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 ("GAAP"). C
Slide 27: Experts with Impact
| EXPERTS WITH IMPACT”