Dlh Holdings Corp. · NASDAQ:DLHC

Dlh — Q4 2023 Earnings Presentation

18 slides from Dlh's earnings presentation, Dec 7, 2023

  1. Slide 1: FY2023 Fourth Quarter Earnings Presentation

    FY2023 Fourth Quarter Earnings Presentation: Three & Twelve Months Ended 9.30.2023 December 7, 2023 © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 1

  2. Slide 2: Call Participants

    CALL PARTICIPANTS Zach Parker President and CEO Kathryn JohnBull Chief Financial Officer © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 2

  3. Slide 3: Forward-Looking Statements

    Forward-Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s futur

  4. Slide 4: Fiscal 2023 Financial Highlights

    Fiscal 2023 Financial Highlights REVENUE ADJ. OPERATING INCOME ADJ. EBITDA Q4 $101.5M Q4 $7.8M Q4 $12.1M FY23 $375.9M FY23 $26.5M FY23 $42.1M TERM LOAN CASH FROM OPERATIONS ADJ. DILUTED EPS $0.16 $179.4M Q4 $31.0M Reflects December 2022 acquisition FY23 $0.55 © Copyright 2023 DLH Holdings Corp. All

  5. Slide 5: Year-End Market Conditions

    Year-End Market Conditions Business organized Government civilian Federal government Strategic priority around capability- and defense continues to operate GWAC/MAC IDIQs based go-to-market organizations expand under Continuing remain pending strategy commitment to Resolutions, restricting Includes

  6. Slide 6: Financials

    FINANCIALS © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 6

  7. Slide 7: Key Financial Results

    Key Financial Results FY23Q4 FY22Q4 Revenue $101.5 million $67.2 million Adjusted Revenue $101.5 million $67.2 million EBITDA $4.4 million1 $6.6 million Adjusted EBITDA $12.1 million $7.0 million Operating Income $0.1 million1 $4.7 million Adjusted Operating Income $7.8 million $5.1 million FY23 FY2

  8. Slide 8: Key Adjusted Financial Metrics

    Key Adjusted Financial Metrics $ millions $ millions $110.0 ADJ. REVENUE $13.0 ADJ. EBITDA $12.0 $100.0 $11.0 $90.0 $10.0 $80.0 $9.0 $70.0 $8.0 $101.5 $12.1 $7.0 $60.0 $6.0 $50.0 $67.2 $5.0 $7.0 $40.0 $4.0 $30.0 $3.0 FY22Q4 FY23Q4 FY22Q4 FY23Q4 $ millions $ millions $9.0 ADJ. OPERATING INCOME $35.0

  9. Slide 9: Analysis of Q4 Year over Year Results

    Analysis of Q4 Year over Year Results Strong improvement in adjusted EBITDA offset by non-cash D&A and interest expense $ millions $14.0 Year over year increase in Adj. EBITDA & Adj. ADJ. EBITDA: Operating Income $12.1 million $12.0 Fiscal 2023 Q4 performance observations: $10.0 $4.3 • Non-cash amor

  10. Slide 10: FY23 Quarterly Debt Paydown and FY24 Projection

    FY23 Quarterly Debt Paydown and FY24 Projection Expect to remain ahead of debt reduction plan communicated following Dec. 2022 acquisition Q4 debt reduction of $16.4M; all applied to $ millions $215 floating rate debt $205 Execution of Fiscal 2024 debt reduction & cash $195 optimization strategy exp

  11. Slide 11: Positioned for the Future

    Positioned for the Future FINANCIAL LONG-TERM DRIVING RESULTS STRATEGY INNOVATION Company poised for a Transformation into a Delivering unique, new stage in our growth world-class technology innovative solutions trajectory while delivering provider illustrates across the federal health adjusted EBIT

  12. Slide 12: © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 12

    © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 12

  13. Slide 13: Appendix

    APPENDIX © Copyright 2023 DLH Holdings Corp. All Rights Reserved ► 13

  14. Slide 14: Non-GAAP Reconciliations

    Non-GAAP Reconciliations This document contains non-GAAP financial information including Adjusted Revenue, Adjusted Operating Income, Adjusted Net Income, Adjusted Diluted Earnings Per Share (“EPS”), EBITDA, Adjusted EBITDA, EBITDA Margin on Revenue, Adjusted EBITDA Margin on Adjusted Revenue, and A

  15. Slide 15: Reconciliation of Non-GAAP Financial Results

    Reconciliation of Non-GAAP Financial Results Three Months Ended Twelve Months Ended September 30, September 30, 2023 2022 Change 2023 2022 Change Adjusted Revenue Revenue $101,476 $67,233 $34,243 $375,872 $395,173 $(19,301) Less: FEMA task orders to support Alaska (a) — — — — 125,773 (125,773) Adjus

  16. Slide 16: Reconciliation of Non-GAAP Financial Results (continued)

    Reconciliation of Non-GAAP Financial Results (continued) (a): Represents revenue adjusted to exclude revenue from the short-term FEMA task orders during the fiscal year ended September 30, 2022. (b): Represents corporate development costs we incurred to complete the GRSi transaction. These costs pri

  17. Slide 17: Reconciliation of Adjusted Cash from Operations

    Reconciliation of Adjusted Cash from Operations Twelve Months Ended September 30, (amount in thousands) 2023 2022 Operating activities Net income $1,461 $23,288 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 15,562 7,665 Amor

  18. Slide 18: About DLH

    About DLH DLH (NASDAQ:DLHC) delivers improved health and national security readiness solutions for federal programs through science research and development, systems engineering and integration, and digital transformation. Our experts in public health, performance evaluation, and health operations s

DLH Holdings — Q4 2023 Earnings Presentation on 6ix