Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q2 FY2020 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Nov 1, 2019
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2020, Second Quarter November 1, 2019
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. Chief Financial Officer and Treasurer NICHOLAS VEASEY Vice President 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: Key Financial Results
KEY FINANCIAL RESULTS SECOND QUARTER FISCAL YEAR 2020 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $1.8 billion 12.7% Increase $3.6 billion 11.8% Increase Revenue, Excluding Billable Expenses $1.3 billion 12.7% Increase $2.6 billion 10.8% Increase Adjusted EBITDA $192 million 17.0% Increase $39
Slide 5: Q2 FY'20 Performance: Aligned with Investment Thesis
Q2 FY'20 PERFORMANCE: ALIGNED WITH INVESTMENT THESIS UPDATED INVESTMENT THESIS Unique Market Position = Strong Financial Returns + Option Value – Investments in innovation, talent, FY'18 - FY'21 – Continued investment in and capabilities position us to help new business lines and clients adopt curre
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS SECOND QUARTER FISCAL YEAR 2020 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $1.8 billion 12.7% Increase $3.6 billion 11.8% Increase Revenue, Excluding Billable Expenses $1.3 billion 12.7% Increase $2.6 billion 10.8% Increase Adjusted EBITDA $
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG (1) $23.0 (5) $22.9 $21.4 $20.5 $20.4 $22.0 $19.3 $19.9 $16.7 $16.7 $16.1 $17.0 $16.5 $14.0 $13.2 in billions $13.5 $13.6 $12.4 $12.4 $12.2 $12.3 $9.2 $9.6 $9.2 $10.1 $11.0 $7.5 $7.7 $8.3 $4.8 $5.4 $5.5 $3.9 $4.2 $4.5 $3.7 $4.4 $3.2 $3.1 $4.2 $4.1 $3.2 $3.6
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Multi-year capital deployment plan remains on track, subject to market conditions – Deployed ~$33 million during the quarter – Reaffirming three-year goal to deploy ~$1.4 billion through fiscal year
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY'20 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q1'20) Revenue Growth 9.0 - 11.0% 6.0 - 9.0% Adjusted EBITDA Margin on Revenue Low 10% range Low 10% range Adjusted Diluted EPS $3.00 - $3.10 $2.90 - $3.05 Net Cash Provided by Operating Activities $450 - $500 million $4
Slide 10: Appendix
APPENDIX 10
Slide 11: 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 indic
Slide 12: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Six Months Ended (a) Reflects debt refinancing costs incurred in September 30, September 30, connection with the refinancing transaction (In thousands, except share and per share data) 2019 2018 2019 2018 consummated on July 23, 2018. (Unaudited) (Un
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Second Quarter Fiscal 2020 – Below is a summary of the key factors driving results for the fiscal 2020 second quarter ended September 30, 2019 as compared to the prior year period: • Revenue increased by 12.7% to $1.8 billion driven primarily by sustained strength in
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Six Months Ended September 30, 2019 – Below is a summary of the key factors driving results for the fiscal 2020 six months ended September 30, 2019 as compared to the prior year period: • Net cash provided by operating activities was $266.7 million for the six months
Booz Allen Hamilton Holding — Q2 FY2020 Earnings Presentation on 6ix