Science Applications International Corporation · NASDAQ:SAIC

Science Applications International — Q1 2020 Earnings Presentation

14 slides from Science Applications International's earnings presentation, Jun 6, 2019

1. Slide 1: Science Applications International Corporation Fiscal Year 2020 First Quarter Earnings Call

   Science Applications International Corporation (SAIC) Fiscal Year 2020 First Quarter Earnings Call June 6, 2019 Supplemental Financial Information © SAIC. All rights reserved. © SAIC. All rights reserved.

2. Slide 2: Conference Call Information

   Conference Call Information Date: June 6, 2019 Time: 8:00 am ET Webcast Information: http://investors.saic.com (webcast participation only, no “dial in” access) 2 © SAIC. All rights reserved.

3. Slide 3: Forward-Looking Statements

   Forward-Looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “antic

4. Slide 4: Today's Presenters

   Today’s Presenters Anthony J. Moraco Nazzic S. Keene Charles A. Mathis Chief Executive Officer Chief Executive Officer Elect Chief Financial Officer 4 © SAIC. All rights reserved.

5. Slide 5: FY20 Q1 Highlights

   FY20 Q1 Highlights Engility Integration Going Well; On Budget and Schedule 100% of Year 1 Net Cost Synergies Achieved Revenue Growth of 37% Adjusted EBITDA Margin* of 8.3% (+180bps) Adjusted Diluted EPS* Growth of 11% Strong Free Cash Flow* Generation of $169M Repurchased ~600k Shares for $44M, Divi

6. Slide 6: SAIC First Quarter Fiscal Year 2020 Results

   SAIC First Quarter Fiscal Year 2020 Results(1) ADJUSTED ADJUSTED REVENUE FREE CASH FLOW(2) EBITDA MARGIN(2)(3) DILUTED EPS(2)(3) +37% +180 bps +11% +106% $1,613M $1.36 $169M 8.3% $1.23 $82M $1,175M 6.5% FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 FY2019 FY2020 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 (1) Results of Sc

7. Slide 7: Three-Year Outlook

   Three-Year Outlook GOAL — ACHIEVE MARKET LEADING TOTAL SHAREHOLDER RETURNS (TSR) LONG-TERM FINANCIAL OBJECTIVES THREE-YEAR PERFORMANCE (FY2020 – FY2022) (on average and over time) Annual Internal Revenue Growth Three-year CAGR of ~3% (Low single digit annual growth) Adjusted EBITDA Margin (1) Adjust

8. Slide 8: FY2020 Financial Outlook

   FY2020 Financial Outlook FISCAL YEAR 2020 OUTLOOK IS IN LINE WITH LONG TERM TARGETS LONG-TERM FINANCIAL OBJECTIVES FISCAL YEAR 2020 OUTLOOK (On average and over time) Annual Internal Revenue Growth Revenue range of $6.45B to $6.65B (Low single digit annual growth) Adjusted EBITDA Margin of 8.1% to 8

9. Slide 9: Appendix

   Appendix © SAIC. All rights reserved. © SAIC. All rights reserved.

10. Slide 10: Working Days per Quarter

    Working Days per Quarter Q1 Q2 Q3 Q4 Total FY20 64 63 64 59 250 FY19 64 63 64 59 250 FY18 64 63 64 59 250 FY17 69* 63 64 59 255 * FY17 contained an extra week (53 weeks) in the first quarter 10 © SAIC. All rights reserved.

11. Slide 11: Pay Periods Paid

    Pay Periods Paid Q1 Q2 Q3 Q4 Total FY20 6 7 6 7 26 FY19 6 7 6 7 26 FY18 6 7 6 7 26 FY17 7 7 6 7 27 11 © SAIC. All rights reserved.

12. Slide 12: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA

    Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA (1) “EBITDA“ and “Adjusted EBITDA” are non-GAAP financial measures that are reconciled in this schedule to the most directly comparable GAAP financial measures. These non-GAAP financial measures help investors better understand profitability trend

13. Slide 13: Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share

    Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share (1) “Adjusted diluted earnings per share” is a non-GAAP financial measure that is reconciled in this schedule to the most directly comparable GAAP financial measures. This non-GAAP financial measure provides investors with greater visibil

14. Slide 14: Non-GAAP Reconciliation – Free Cash Flow

    Non-GAAP Reconciliation – Free Cash Flow (1) “Free cash flow” is a non-GAAP financial measure that is reconciled in this schedule to the most directly comparable GAAP financial measures. This non-GAAP financial measure provides investors with greater visibility into cash flows provided by operating

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