Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q2 FY2022 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Oct 29, 2021
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2022, Second Quarter October 29, 2021
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. Chief Financial Officer and Treasurer LAURA S. ADAMS Chief Accounting Officer and Interim Head of 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: Investment Thesis
INVESTMENT THESIS EXCEPTIONAL SHAREHOLDER VALUE CREAT ON Y2023—FY2025 GOALS DAL ADJUSTED EBITDA visioioe GROWTH TO $1.2—1.3B. Savital Deployment Organic Strategic Strong Mid 10% —$3.5- 4 5B Revenue @ Acquisitions& @ Adjus usted EBITDA 5-8% Investments Margin
Slide 5: Key Financial Results
KEY FINANCIAL RESULTS SECOND QUARTER FISCAL YEAR 2022 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $2.1 billion +4.3% $4.1 billion +3.0% Revenue, Excluding Billable Expenses $1.5 billion +3.6% $2.9 billion +2.7% Adjusted EBITDA $270 million +18.1% $508 million +15.1% Adjusted EBITDA Margin on R
Slide 6: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN BILLIONS) (1)(2) $22.0 $29.0 $26.8 $24.6 $23.3 $24.0 $22.9 $22.0 $23.0 $20.5 $19.3 $19.9 $20.7 $14.6 $14.3 $13.2 $13.9 $13.7 $14.4 $12.4 $13.1 $12.8 $14.8 $12.2 $12.3 $9.5 $5.4 $6.2 $9.0 $4.5 $3.7 $4.4 $5.3 $4.5 $4.7 $6.0 $6.1 $3.5 $3.4 $3.2 $4.4 $3.5
Slide 7: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Our multi-year capital deployment plan is to follow a disciplined and opportunistic approach, subject to market conditions – In Q2 FY22, we deployed approximately $285 million: – $50 million through
Slide 8: Financial Outlook
FINANCIAL OUTLOOK REAFFIRMING FULL YEAR FY22 GUIDANCE OPERATING PERFORMANCE Revenue Growth 7.0 – 10.0% Adjusted EBITDA Margin on Revenue Mid 10% Adjusted Diluted EPS(1) $4.10 – $4.30 Net Cash Provided by Operating Activities $800 – $850 million (1) Assumes an effective tax rate of 22–24%; an average
Slide 9: FY22 ADEPS Walk
FY22 ADEPS WALK REAFFIRMING FY22 ADEPS GUIDANCE April FY22 ADEPS Guidance $4.10 - $4.30 Bond Interest ~$(0.09) Operational, Other Below-the-Line Items (e.g., Tax, Share Count) $0.09 July FY22 ADEPS Guidance(1) $4.10 - $4.30 (1) Reaffirming our FY22 guidance, which includes the added interest expense
Slide 10: FY22 Income Tax Drivers
FY22 INCOME TAX DRIVERS NOTES: (1) As the Company's federal/state statutory REAFFIRMING EFFECTIVE TAX RATE BRIDGE FROM FY21 TO FY22 tax rate is higher than its effective tax rate, a higher marginal tax rate is applied to incremental forecasted pre- tax income, which increases the overall effective t
Slide 11: Appendix
APPENDIX 11
Slide 12: 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 13: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Six Months Ended (a) Represents costs associated with the acquisition efforts of September 30, September 30, the Company related to transactions for which the Company (In thousands, except share and per share data) 2021 2020 2021 2020 has entered int
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Second Quarter Fiscal 2022 – Below is a summary of the key factors driving results for the fiscal 2022 second quarter ended September 30, 2021 as compared to the prior year period: • Revenue increased by 4.3% to $2.1 billion and Revenue, Excluding Billable Expenses in
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