Maximus, Inc. · NYSE:MMS
Maximus — Barclays Global Healthcare Conference 2013
14 slides from Maximus's conference presentation, Mar 14, 2013
Slide 1: MAXIMUS Investor Presentation
Richard Montoni,President & Chief Executive Officer Bruce Caswell,Health Services Segment President & General Manager MAXIMUS Investor Presentation 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
Slide 2: Established Partner for Government Social Programs
2• Economic and demographic factors driving social reforms• Superior positioning for health care & welfare reform• Healthy balance sheet:• $167.1 million in cash at 12/31/2012• Quarterly cash dividend• Opportunistic share buyback program• No long-term debt• Strong Fiscal 2013 forecasted growth:• Rev
Slide 3: Growth, Consistency & Predictability in Earnings
3 $697.9 719.8 831.7 929.6 1,050.0 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13E $ in Millions $1.31 1.44 1.81 2.25 2.36 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13E $ in EPS Annual Revenue Adjusted Diluted EPS from Continuing Operations * FY 12 EPS tempered by start up of Work Programme contract in the UK. 5-year C
Slide 4: Highly Predictable Revenue
4 Highly Predictable Revenue FY12 Health Services Revenue What We Do• Eligibility & enrollment (Medicaid/CHIP)• Health insurance exchange operations• Consumer education & managed careplan choice counseling• Health insurance appeals (Medicare, Medicaid, & other govt. programs)• Multilingual customer
Slide 5: CHIP & Medicaid Managed Care Supply Chain
5 CHIP & Medicaid Managed Care Supply Chain
Slide 6: Superior Positioning for Growth from Health Care Reform
6 Sources: CBO’s Feb. 2013 Estimate of the Effects of ACA on Health Insurance Coverage (http://cbo.gov/sites/default/files/cbofiles/attachments/43900_ACAInsuranceCoverageEffects.pdf)Centers for Medicare & Medicaid Services, 2011 Actuarial Study (http://www.cms.gov/Research-Statistics-Data-and-System
Slide 7: Three Exchange Options for States
7Three Exchange Options for States State operates all activities States have the option to use federal services for:• Premium tax credit & cost sharing reduction• Exemptions• Risk adjustment program• Reinsurance program State Based Exchange State Partnership Exchange State-operated activities:• Plan
Slide 8: Strategic Global Expansion
8 FY 2012 Revenue FY 2006 Revenue Macro forces compelling governments to rethink social programs, which increases global demand for MMS core competencies. Strategic Global Expansion 86% 14% 74% 26% Int’l Domestic Int’l Domestic
Slide 9: Global Workforce Services Provider
9Global Workforce Services Provider United States• TANF• Ticket to Work Australia• Job Services Australia• Disability Employment Services United Kingdom• Work Programme• Day One Support for Young People Canada• Employment Program of BC Saudi Arabia• Ta’qat Pilot Program Model Programs We deliver out
Slide 10: Cornerstone of Growth Strategy: Land and Expand
10 What we look for in a new market:• Extension of core capabilities• Match services with rising social demands in unsustainable programs (welfare reform in UK) • Stable countries, developed economies, democracy, favorable regulatory environment • Australia became the model for outcomes-based perfor
Slide 11: MMS Value Add: Proven Partner for Government
11 MMS Value Add: Proven Partner for Government Proven track record operating social programs Deliver outcomes that matter to governments Cost effective Experience working with diverse populations Independent with no conflict of interest Innovative, scalable and flexible Successful operation of perf
Slide 12: Multi-Year Growth Drivers
12 Changes in population demographics and increased caseloads Medicaid Shift to Managed Care Health Insurance Exchanges Medicaid Expansion Other International Reform Efforts UK Work Programme (Welfare-to-Work) Health Services Human Services FY 2012 FY 2013 FY 2014 FY 2015 Multi-Year Growth Drivers
Slide 13: Poised to Capitalize on Growth Opportunities
13 Capitalizing On Growing Demand Established global leader Positioned for significant growthacross both Segments Strong financial position Experienced management team Poised to Capitalize on Growth Opportunities
Slide 14: MAXIMUS, Inc.
14 MAXIMUS Investor Presentation MAXIMUS, Inc. (NYSE: MMS) Barclays Global Healthcare Conference March 12, 2013 For more information, visit www.maximus.com or contact Lisa Miles, Senior VP Investor Relations lisamiles@maximus.com 703.251.8637