Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q2 FY2019 Earnings Presentation
12 slides from Booz Allen Hamilton's earnings presentation, Oct 29, 2018
Slide 1: Earnings Call Presentation Fiscal Year 2019, Second Quarter
EARNINGS CALL PRESENTATION Fiscal Year 2019, Second Quarter October 29, 2018
Slide 2: Call Participants
CALL HORACIO ROZANSKI PARTICIPANTS PRESIDENT AND CHIEF EXECUTIVE OFFICER LLOYD HOWELL CHIEF FINANCIAL OFFICER AND TREASURER NICHOLAS VEASEY DIRECTOR 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: Q2 FY19 Performance: Aligned with Investment Thesis
Q2 FY19 Performance: Aligned with Investment Thesis Investment Thesis Strong Financial Returns Unique Market Position Option Value 50% ADEPS Growth = 6 - 9% Annual Revenue Growth 10 - 30 bps Margin Expansion + ~$1.4B in Capital Deployment • Investments in innovation, • Year-to-date ADEPS up signific
Slide 5: Key Financial Results
KEY FINANCIAL RESULTS SECOND QUARTER FISCAL YEAR 2019 PRELIMINARY RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $1.6 billion 4.6% Increase $3.3 billion 6.4% Increase Revenue, Excluding Billable Expenses $1.1 billion 7.2% Increase $2.3 billion 8.2% Increase Adjusted EBITDA $164 million 10.0% Incr
Slide 6: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY • Our FY19 and multi-year capital deployment plans remain on track – Aim to deploy $350 million this year, subject to market conditions – Aim to deploy $1.4 billion over the next three years • Returned
Slide 7: Financial Outlook
FINANCIAL OUTLOOK INCREASING ADEPS GUIDANCE FISCAL 2019 FULL YEAR OUTLOOK Revenue Growth in the Range of 6 to 8 Percent Adjusted Diluted EPS (1) $2.55 - $2.65 1) Adjusted Diluted EPS guidance is based on fiscal 2019 estimated average diluted shares outstanding in the range of 141 million to 144 mill
Slide 8: Appendix
APPENDIX 8
Slide 9: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • "Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not ind
Slide 10: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Six Months Ended September 30, September 30, (In thousands, except share and per share data) 2018 2017 2018 2017 (a) Reflects debt refinancing costs incurred in (Unaudited) (Unaudited) connection with the refinancing transaction Revenue, Excluding Bi
Slide 11: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Second Quarter Fiscal 2019 – Below is a summary of the key factors driving results for the fiscal 2019 second quarter ended September 30, 2018 as compared to the prior year: • Revenue increased by 4.6% to $1.6 billion driven primarily by continued strength in client d
Slide 12: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Six Months Ended September 30, 2018 – Booz Allen's cumulative performance for the first two quarters of fiscal 2019 has resulted in: • Net cash provided by operating activities was $274.6 million as of September 30, 2018 as compared to $178.1 million in the prior year
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