Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q4 FY2019 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, May 28, 2019
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2019, Fourth Quarter May 28, 2019
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL 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 FISCAL YEAR 2019 RESULTS FOURTH QUARTER (1) FISCAL YEAR 2019 (1) Revenue $1.8 billion 9.1% Increase $6.7 billion 8.7% Increase Revenue, Excluding Billable Expenses $1.2 billion 8.1% Increase $4.7 billion 9.1% Increase Adjusted EBITDA $153 million 3.4% Increase $675 million 15.4
Slide 5: FY'19 Performance: Aligned with Investment Thesis
FY'19 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 current
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FISCAL YEAR 2019 RESULTS FOURTH QUARTER (1) FISCAL YEAR 2019 (1) Revenue $1.8 billion 9.1% Increase $6.7 billion 8.7% Increase Revenue, Excluding Billable Expenses $1.2 billion 8.1% Increase $4.7 billion 9.1% Increase Adjusted EBITDA $153 million 3
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG (1) $21.4 $20.5 $22.0 $20.4 $19.3 $12.4 $16.7 $16.7 $17.0 $12.4 $16.1 $12.2 $16.5 $13.6 $13.5 $13.6 $14.0 $9.2 $9.6 $10.1 in billions $12.0 $9.2 $7.0 $7.5 $7.7 $8.3 $11.0 $6.5 $4.8 $3.9 $4.5 $5.5 $3.3 $3.2 $3.1 $3.2 $4.2 $4.2 $4.1 $3.7 $2.9 $3.3 $3.6 $4.2 $3
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Achieved our target of deploying >$350M during FY'19; multi-year capital deployment plan remains on track, subject to market conditions – Deployed ~$364M during FY'19, including ~$110M during the fou
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY'20 GUIDANCE OPERATING PERFORMANCE CURRENT Revenue Growth 6.0 - 9.0% Adjusted EBITDA Margin on Revenue Low 10% range Adjusted Diluted EPS $2.90 - $3.05 Net Cash Provided by Operating Activities $400 - $450 million ASSUMPTIONS FOR ADEPS GUIDANCE CURRENT Tax Rate 23 - 25%
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 Fiscal Year Ended March 31, March 31, (In thousands, except share and per share data) 2019 2018 2019 2018 (a) Reflects debt refinancing costs incurred in (Unaudited) (Unaudited) connection with the refinancing transaction Revenue, Excluding Billable
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Fourth Quarter Fiscal 2019 – Below is a summary of the key factors driving results for the fiscal 2019 fourth quarter ended March 31, 2019 as compared to the prior year period: • Revenue increased by 9.1% to $1.8 billion driven primarily by continued strength in clien
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Fiscal Year Ended March 31, 2019 – Booz Allen's cumulative performance for fiscal 2019 has resulted in: • Net cash proved by operating activities was $499.6 million for the year ended March 31, 2019 as compared to $369.1 million in the prior year period. The improveme
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