Leonardo Drs, Inc. · NASDAQ:DRS
Leonardo Drs — Q4 2023 Earnings Presentation
10 slides from Leonardo Drs's earnings presentation, Feb 27, 2024
Slide 1: Quarterly Earnings Presentation Q4 2023
Quarterly Earnings Presentation Q4 | 2023 February 27, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements In this presentation, when using the terms the “company,” “DRS,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary stat
Slide 3: Key Messages
Key Messages DRS team continues to build a solid execution track record by delivering strong fourth quarter and full year financial results • Generated robust organic revenue growth of 7% and total growth of 5% 1 • Solid execution resulted in achievement of adjusted EBITDA and adjusted diluted EPS c
Slide 4: Q4 2023 Leonardo DRS Results Summary
Q4 2023 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $131 $81 $83 $926 $120 ▲ 2% $820 ▲ 9% ▲ 13% Strong organic growth driven by multi-mission More normalized tax rate advanced sensing and Solid adjus
Slide 5: Full Year 2023 Leonardo DRS Results Summary
Full Year 2023 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $2,693 $2,826 $318 $324 $194 ▲ 5% ▲ 2% $179 ▲ 8% Revenue acceleration Solid operational driven by strong organic Slight adjusted EBITDA exec
Slide 6: Initiating Solid 2024 Guidance
Initiating Solid 2024 Guidance Well Positioned to Maintain Organic Growth and Expand Adjusted EBITDA Margin (In millions, except per share amounts) Revenue output subject to the pace of material receipts and progress of labor 2024 Guidance 2023 Actuals % Δ from 2023 Revenue inputs as well as the tim
Slide 7: Segment Results
Segment Results 7
Slide 8: Q4 2023 Segment Results Summary
Q4 2023 Segment Results Summary Revenue Adjusted EBITDA * Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) $605 15.3% 15.5% $94 ▲ 20 bps $485 ▲ 25% $74 ▲ 27% Solid organic growth from Higher volume and better network computing and mix resultin
Slide 9: Full Year 2023 Segment Results Summary
Full Year 2023 Segment Results Summary Revenue Adjusted EBITDA * Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) $215 11.7% $199 11.5% $1,831 ▲ 8% ▲ 20 bps $1,733 ▲ 6% Solid organic growth from Higher volume and better network computing and m
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions and Reconciliations In addition to the results reported in accordance with U.S. GAAP included throughout this presentation, the company has provided information regarding “Adjusted EBITDA,” “Adjusted EBITDA Margin,” “Adjusted Net Earnings” and “Adjusted Dilute