Fti Consulting, Inc. · NYSE:FCN
Fti Consulting — Investor Presentation (May 2025)
35 slides from Fti Consulting's investor presentation, May 2025
Slide 1: Investor Presentation
Investor Presentation FTI Consulting, Inc. May 2025
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, that involve uncertainties and risks. Forward-look
Slide 3: FTI Consulting: Experts with Impact
FTI Consulting: Experts with Impact FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes FCN $5.6B 1982 8,100+ Publicly Equity Market Year Employees Traded Capitalization (1) Founded Worldwide 820+ 85 21 S
Slide 4: Our Global Reach
Our Global Reach With offices in 85 cities and 33 countries and territories, FTI Consulting has a presence in every major financial center and every corner of the globe, and we successfully serve our clients wherever challenges and opportunities arise. Office Locations The Americas Europe, Middle As
Slide 5: Investment Thesis
Investment Thesis Leading global business advisory firm with strong people and strong positions: corporations, law firms and governments come to us when there is a critical need Organic growth strategy with an emphasis on profitable revenue growth Committed to building a profitable business with sus
Slide 6: Business Snapshot: Five Segments, One Purpose
Business Snapshot: Five Segments, One Purpose Forensic and Litigation Consulting ▪ Construction, Projects & Assets and Environmental Solutions Corporate Finance & ▪ Data & Analytics Restructuring ▪ Disputes ▪ Transactions ▪ Healthcare Risk Management & Advisory ▪ Transformation & Strategy ▪ Risk and
Slide 7: Segment Snapshot: Segment Revenues and Total Adjusted Segment EBITDA
Segment Snapshot: Segment Revenues and Total Adjusted Segment EBITDA Q1 2025 Segment Revenues Q1 2025 Total Adjusted Segment EBITDA (1) 10% 10% 11% 9% 38% 42% 11% 20% 21% 28% Corporate Finance & Restructuring Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications
Slide 8: Corporate Finance & Restructuring
Corporate Finance & Restructuring Services ▪ Transactions – Diligence (Financial, Tax, HR, IT, Synergy, Regulatory) – Fairness and Solvency Opinions – Investment Banking – Merger Integration & Carve-Out Advisory 29 – Strategic Alternatives countries and – Valuation territories ▪ Transformation & Str
Slide 9: Corporate Finance & Restructuring (continued)
Corporate Finance & Restructuring (continued) Segment Offering Q1 2025 Key Financial Commentary Our Corporate Finance segment focuses on ▪ Revenues decreased $22.4 million, or 6.1%, to $343.6 million for the three months ended the strategic, operational, financial, March 31, 2025, primarily due to l
Slide 10: Forensic and Litigation Consulting
Forensic and Litigation Consulting Services ▪ Construction, Projects & Assets and Environmental Solutions – Environmental Cost & Damages Analyses – Environmental Dispute Resolution – Expert Services in Delay, Disruption, Quantum & Damages – Project Delivery and Asset Management Advisory & Transforma
Slide 11: Forensic and Litigation Consulting (continued)
Forensic and Litigation Consulting (continued) Segment Offering Q1 2025 Key Financial Commentary Our Forensic and Litigation Consulting segment provides law firms, companies, ▪ Revenues increased $14.5 million, or 8.3%, to $190.6 million for the three months ended boards of directors, government ent
Slide 12: Economic Consulting
Economic Consulting Services ▪ Antitrust & Competition Economics – M&A-related Antitrust 24 – Non-M&A-related Antitrust ▪ Financial Economics countries – Contractual Claims – Rate Setting – Securities Litigation & Risk Management – Transfer Pricing – Valuation ▪ International Arbitration – Business
Slide 13: Economic Consulting (continued)
Economic Consulting (continued) Segment Offering Q1 2025 Key Financial Commentary Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides ▪ Revenues decreased $24.7 million, or 12.1%, to $179.9 million for the three months ended law firms, companies, government entities M
Slide 14: Technology
Technology Services ▪ Corporate Legal Department Consulting – Advisory on Governance, Policy, Standards and Execution – Advisory on Operational Efficiencies – Contract Services 17 – Legal Technology Selection and Implementation – Subscriptions and Managed Services countries ▪ E-discovery and Analyti
Slide 15: Technology (continued)
Technology (continued) Segment Offering Q1 2025 Key Financial Commentary Our Technology segment provides companies, law firms, private equity firms ▪ Revenues decreased $3.6 million, or 3.5%, to $97.2 million for the three months ended and government entities with a March 31, 2025, primarily due to
Slide 16: Strategic Communications
Strategic Communications Services ▪ Corporate Reputation – Crisis and Issues Management – Cybersecurity and Data Privacy 23 Communications countries – Digital, Analytics and Insights – Litigation Communications – People & Transformation ▪ Financial Communications – Corporate Governance & Shareholder
Slide 17: Strategic Communications (continued)
Strategic Communications (continued) Segment Offering Q1 2025 Key Financial Commentary Our Strategic Communications segment develops and executes communications ▪ Revenues increased $5.8 million, or 7.2%, to $87.0 million for the three months ended strategies to help management teams, March 31, 2025
Slide 18: First Quarter 2025: Select Awards & Accolades
First Quarter 2025 Select Awards & Accolades 18
Slide 19: Financial Overview
Financial Overview im F. F usulrind
Slide 20: FY 2022 – Q1 2025 and FY 2025 Guidance: Revenues
FY 2022 – Q1 2025 and FY 2025 Guidance: Revenues $3,660 - $3,810 20
Slide 21: FY 2022 – Q1 2025: Net Income and Adjusted EBITDA
FY 2022 – Q1 2025: Net Income and Adjusted EBITDA Net income Adjusted EBITDA (1) (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the reconciliation and definition of Adjusted EBITDA, which is a non-GAAP financial measure, to the most directly com
Slide 22: FY 2022 – Q1 2025 and FY 2025 Guidance: Earnings per Diluted Share
FY 2022 – Q1 2025 and FY 2025 Guidance: Earnings per Diluted Share and Adjusted Earnings per Diluted Share $7.44 - $8.24 (1) $7.80 - $8.60 (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the reconciliation and definition of Adjusted Earnings per
Slide 23: Select Cash Position and Capital Allocation
Q1 2025, Q4 2024 and Q1 2024: Select Cash Position and Capital Allocation All numbers in thousands, except for DSO Q1 2025 Q4 2024 Q1 2024 Cash and cash equivalents $ 151,121 $ 660,493 $ 243,960 Accounts receivable, net $ 1,096,020 $ 1,020,174 $ 1,157,465 Days sales outstanding (“DSO”) (1) 100 97 10
Slide 24: Financial Tables: Reconciliations of Non-GAAP Financial Measures
Fe Financial Tables Reconciliations of Non-GAAP Financial Measures
Slide 25: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA (in thousands) Q1 2025 FY 2024 FY 2023 FY 2022 Net income $ 61,824 $ 280,088 $ 274,892 $ 235,514 Income tax provision 18,757 70,683 83,471 62,235 Interest income and other (2,842) (10,360) 4,867 (3,918) Interest expense 968 6,951 14,331 10,047 Deprecia
Slide 26: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Three Months Ended March 31, 2025 and December 31, 2024 All numbers in $000s Three Months Ended March 31, 2025 Corporate Finance Forensic and Litigation Economic Strategic Unallocated & Restructuring Co
Slide 27: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Three Months Ended September 30, 2024 and June 30, 2024 All numbers in $000s Three Months Ended September 30, 2024 Corporate Finance Forensic and Economic Strategic Unallocated & Restructuring Litigatio
Slide 28: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Three Months Ended March 31, 2024 All numbers in $000s Three Months Ended March 31, 2024 Corporate Finance Forensic and Litigation Economic Strategic Unallocated & Restructuring Consulting Consulting Te
Slide 29: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Years Ended December 31, 2024 and December 31, 2023 All numbers in $000s Year Ended December 31, 2024 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting
Slide 30: Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA
Reconciliations of Net Income and Operating Income to Adjusted Segment EBITDA and Adjusted EBITDA Year Ended December 31, 2022 All numbers in $000s Year Ended December 31, 2022 Corporate Finance & Forensic and Litigation Economic Strategic Unallocated Restructuring Consulting Consulting Technology C
Slide 31: Reconciliations of Net Income to Adjusted Net Income and Adjusted EPS
Reconciliations of Net Income to Adjusted Net Income and Earnings per Diluted Share to Adjusted Earnings per Diluted Share (in thousands, except for per share data) Q1 2025 FY 2024 FY 2023 FY 2022 Net income $ 61,824 $ 280,088 $ 274,892 $ 235,514 Add back: Special charges 25,295 8,230 — 8,340 Tax im
Slide 32: Reconciliation of Net Income to Total Adjusted Segment EBITDA
Reconciliation of Net Income to Total Adjusted Segment EBITDA (in thousands) Q1 2025 Net income $ 61,824 Add back: Income tax provision 18,757 Interest income and other (2,842) Interest expense 968 Unallocated corporate expenses 19,757 Segment depreciation expense 9,565 Amortization of intangible as
Slide 33: Reconciliation of Net Cash from Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by (Used in) Operating Activities to Free Cash Flow (in thousands) Q1 2025 Q4 2024 Q1 2024 Net cash provided by (used in) operating activities $ (465,210) $ 315,315 $ (274,818) Purchases of property and equipment (17,803) (13,152) (4,641) Free Cash Flow (1) $ (483
Slide 34: End Notes: FTI Consulting Non-GAAP Financial Measures
End Notes: FTI Consulting Non-GAAP Financial Measures In this presentation, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the Un
Slide 35: Experts with Impact
im F, TY CONSULTING Experts with Impact”