Fti Consulting, Inc. · NYSE:FCN

Fti Consulting — Q4 2015 Earnings Presentation

23 slides from Fti Consulting's earnings presentation, February 2016

1. Slide 1: Fourth Quarter and Fiscal 2015 Earnings Conference Call

   FTI Consulting, Inc. Fourth Quarter and Fiscal 2015 Earnings Conference Call

2. Slide 2: Cautionary Note About Forward-Looking Statements

   Cautionary Note About Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve uncertainties and risks. Forward- lo

3. Slide 3: Today's Speakers

   Today’s Speakers Steven Gunby Catherine Freeman David Johnson President & Chief SVP, Controller & Chief Chief Financial Officer Executive Officer Accounting Officer 3

4. Slide 4: Fourth Quarter and Fiscal 2015 Financial Review

   Fourth Quarter and Fiscal 2015 Financial Review All numbers in $000s, except for per share data and percentages Q4 2015 Q3 2015 % Variance Q4 2014 % Variance Revenues $ 442,204 $ 455,470 (2.9%) $ 425,158 4.0% Fully Diluted Earnings Per Share $ 0.25 $ 0.25 - $ 0.02 - Adjusted Earnings Per Diluted Sha

5. Slide 5: Fourth Quarter and Fiscal 2015 Segment Financial Review

   Fourth Quarter and Fiscal 2015 Segment Financial Review All numbers in $000s, except for percentages Q4 2015 Q3 2015 % Variance Q4 2014 % Variance FY 2015 FY 2014 % Variance Corporate Finance & Restructuring Revenue $ 111,586 $ 113,487 (1.7%) $ 93,072 19.9% $ 440,398 $ 391,115 12.6% (1) Adjusted Seg

6. Slide 6: Fourth Quarter and Fiscal 2015 Geographic Review

   Fourth Quarter and Fiscal 2015 Geographic Review Percentage of Revenues Revenue Growth Region Q4 2015 FY 2015 Q4 2015 vs. Q4 2014 FY 2015 vs. FY 2014 North America 71.4% 73.1% 3.1% 2.3% EMEA 20.6% 18.3% 8.1% 2.7% Asia Pacific 5.3% 5.9% 4.2% (8.5%) Latin America 2.7% 2.7% (2.7%) (8.7%) 6

7. Slide 7: Fiscal 2015 and Fiscal 2014 Cash Position/Capital Allocation

   Fiscal 2015 and Fiscal 2014 Cash Position/Capital Allocation All numbers in $000s except for DSOs FY 2015 FY 2014 Cash and cash equivalents $ 149,760 $ 283,680 Accounts receivable, net $ 499,784 $ 485,101 Days sales outstanding ("DSO") 97 97 Net cash provided by operating activities $ 139,920 $ 135,

8. Slide 8: Question & Answer Session

   Fourth Quarter and Fiscal 2015 Question & Answer Session Q&A 8

9. Slide 9: Financial Tables

   im F. Fosuirind Financial Tables

10. Slide 10: Condensed Consolidated Statements of Comprehensive Income: Three Months Ended

    Condensed Consolidated Statements of Comprehensive Income (Loss): Three Months Ended December 31, 2015 and 2014 and September 30, 2015 All numbers in $000s, except for per share data Three Months Ended December 31, Three Months Ended September 30, 2015 2014 2015 Revenues $442,204 $425,158 $455,470 O

11. Slide 11: Condensed Consolidated Statements of Comprehensive Income: Twelve Months Ended

    Condensed Consolidated Statements of Comprehensive Income: Twelve Months Ended December 31, 2015 and 2014 All numbers in $000s, except for per share data Year Ended December 31, 2015 2014 Revenues $1,779,149 $1,756,212 Operating expenses Direct cost of revenues 1,171,444 1,144,757 Selling, general &

12. Slide 12: Operating Results by Business Segment: Three Months Ended December 31, 2015 and 2014

    Operating Results by Business Segment: Three Months Ended December 31, 2015 and 2014 All numbers in $000s, except for bill rate per hour and headcount data Three Months Ended December 31, 2015 Adjusted Adjusted Segment Average Billable Revenue-Generating (1) (1) Revenues EBITDA EBITDA Margin Utiliza

13. Slide 13: Operating Results by Business Segment: Three Months Ended September 30, 2015

    Operating Results by Business Segment: Three Months Ended September 30, 2015 All numbers in $000s, except for bill rate per hour and headcount data Three Months Ended September 30, 2015 Adjusted Adjusted Segment Average Revenue-Generating (1) (1) Revenues EBITDA EBITDA Margin Utilization Billable Ra

14. Slide 14: Operating Results by Business Segment: Twelve Months Ended December 31, 2015 and 2014

    Operating Results by Business Segment: Twelve Months Ended December 31, 2015 and 2014 All numbers in $000s, except for bill rate per hour and headcount data Year Ended December 31, 2015 Adjusted Adjusted Segment Average Billable Revenue-Generating (1) Revenues EBITDA EBITDA Margin(1) Utilization Rat

15. Slide 15: Reconciliation of Non-GAAP Financial Measures: Three Months Ended

    Reconciliation of Non-GAAP Financial Measures: Three Months Ended December 31, 2015 and 2014 and September 30, 2015 All numbers in $000s, except for per share data Three Months Ended December 31, Three Months Ended September 30, 2015 2014 2015 Net income $10,349 $921 $10,309 Special charges, net of

16. Slide 16: Reconciliation of Non-GAAP Financial Measures: Twelve Months Ended December 31, 2015 and 2014

    Reconciliation of Non-GAAP Financial Measures: Twelve Months Ended December 31, 2015 and 2014 All numbers in $000s, except for per share data Year Ended December 31, 2015 2014 Net income $66,053 $58,807 Special charges, net of tax - 9,637 Remeasurement of acquisition-related contingent consideration

17. Slide 17: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended December

    Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended December 31, 2015 and 2014 All numbers in $000s Three Months Ended December 31, 2015 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting Consulting Technology Comm

18. Slide 18: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended September

    Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Three Months Ended September 30, 2015 All numbers in $000s Three Months Ended September 30, 2015 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting Consulting Technology Communicati

19. Slide 19: Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Twelve Months Ended December

    Reconciliation of Net Income and Operating Income to Adjusted EBITDA: Twelve Months Ended December 31, 2015 and 2014 All numbers in $000s Year Ended December 31, 2015 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting Consulting Technology Communicati

20. Slide 20: End Notes: FTI Consulting Non-GAAP Data Reconciliations

    End Notes FTI Consulting Non-GAAP Data Reconciliations We define Adjusted Net Income and Adjusted Earnings per Diluted Share (“Adjusted EPS”) as Net Income and Earnings Per Diluted Share, respectively, excluding the impact of remeasurement of acquisition-related contingent consideration, special cha

21. Slide 21: Appendix

    im F. Fosuirind Appendix

22. Slide 22: Fourth Quarter 2015 Awards & Accolades

    Fourth Quarter 2015 Awards & Accolades FTI Consulting maintained top position on Global Chris Osborne and James Nicholson named to Arbitration Review’s 2016 International Who’s Global Arbitration Review’s Most Highly Regarded Who of Commercial Arbitration list with 34 Individuals list in Europe, whi

23. Slide 23: Critical Thinking at the Critical Time

    Critical Thinking at the Critical Time ™

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