Caci International, Inc. · NYSE:CACI
Caci International — Q4 FY2017 Earnings Presentation
14 slides from Caci International's earnings presentation, Aug 17, 2017
Slide 1: CACI International Inc Fourth Quarter Fiscal Year 2017 Conference Call
CACI International Inc Fourth Quarter Fiscal Year 2017 Conference Call August 17, 2017 INFORMATION DEPLOYED. SOLUTIONS ADVANCED. MISSIONS ACCOMPLISHED.
Slide 2: Forward-looking Statements
Forward-looking Statements There are statements made herein which do not address historical facts and, therefore, could be interpreted to be forward- looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could
Slide 3: Our Participants Today
Our Participants Today Ken Asbury President and Chief Executive Officer John Mengucci Chief Operating Officer Tom Mutryn Chief Financial Officer DeEtte Gray President, U.S. Operations Greg Bradford Chief Executive Officer, CACI Limited in the UK INFORMATION DEPLOYED. SOLUTIONS ADVANCED. MISSIONS ACC
Slide 4: Fourth Quarter and Full Year Highlights
Fourth Quarter and Full Year Highlights Revenue up 2.1% in the quarter; up 16.3% for FY17 to a record $4.35 billion Net income up 1.4% in the quarter; up 14.6% for FY17 to $163.7 million Record awards of $6 billion for FY17 Positive organic revenue growth in the second half of FY17 Cash from operati
Slide 5: Current Market Dynamics
Current Market Dynamics Unchanged market environment since our June guidance call Expect strong awards in the September quarter Assume that the government’s FY18 will start under a continuing resolution We remain confident in our ability to win business and deliver in any environment, and produce pr
Slide 6: Fourth Quarter Revenue and Net Income
Fourth Quarter Revenue and Net Income Revenue Net Income $1,200.0 $50.0 $1,113.9 $1,137.4 $1,100.0 $43.6 $44.2 $45.0 $ millions $ millions $1,000.0 $40.0 $900.0 $35.0 $800.0 $30.0 Q4'16 Q4'17 Q4'16 Q4'17 Organic revenue growth of Strong program performance 2.0% in the quarter FY17 net income driven
Slide 7: Continued Strong Cash Flow
Continued Strong Cash Flow Generated $65 million in operating cash flow for the quarter, 147% of net income; $281.3 million for the year, 170% of net income Net debt of ~$1.2 billion Net debt/TTM adjusted EBITDA of ~3.2 times Days sales outstanding – 59 days versus 62 days in Q4’16 $400 TTMTTM Opera
Slide 8: Reiterating FY18 Guidance
Reiterating FY18 Guidance FY18 Guidance Revenue (millions) $4,350 – $4,500 Net income (millions) $165 – $173 Diluted EPS $6.52 – $6.84 Diluted shares (millions) 25.3 Operating Cash Flow (millions) greater than $280 This guidance represents our views as of August 16, 2017. Investors are reminded that
Slide 9: Successful Fourth Quarter and Fiscal 2017
Successful Fourth Quarter and Fiscal 2017 Contract awards of $1.1 billion drive a TTM book-to-bill of 1.4 times for FY17; 60% for new business to CACI Sixth consecutive quarter with awards over $1 billion Backlog of $11.2 billion, well over 2 years of revenue at FY17 levels ISO 27001 certification a
Slide 10: Forward Indicators are Strong
Forward Indicators are Strong FY18 Revenue Profile 86% EXISTING 10% RECOMPETES 4% NEW BUSINESS BUSINESS Well funded High win rate Strong pipeline Pipeline of submitted bids totals more than $8.4 billion ~74% for new business to CACI SOF GLSS bid removed from pending awards total Bids expected to be
Slide 11: CEO Closing Comments
CEO Closing Comments CACI today and where we’re headed • Long-term growth targets set • Market alignment drives greater focus on high- demand areas of our addressable market • Enhanced business development organization • Winning larger contracts with a focus on solution content • Our operations prov
Slide 12: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures The Company views Adjusted EBITDA and Adjusted Net Income, all of which are defined as non-GAAP measures, as important indicators of performance, consistent with the manner in which management measures and forecasts the Company’s performance. Adjusted EBITDA is a com
Slide 13: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) Adjusted EBITDA is GAAP net income plus interest expense, income taxes, depreciation and amortization, earnout adjustments and other Quarter Ended Twelve Months Ended (dollars in thousan
Slide 14: Definitions of Non-GAAP Measures
Definitions of Non-GAAP Measures Adjusted Net Income Adjusted net income is GAAP net income plus stock-based compensation expense, depreciation and amortization, amortization of financing costs, and earnout adjustments, net of related tax effects Quarter Ended Twelve Months Ended (dollars in thousan