Slide 1: FTI Consulting, Inc. Investor Presentation
FTI Consulting, Inc. Investor Presentation May 2015
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
Slide 3: FTI Consulting: A Leader Among Leaders
FTI Consulting: A Leader Among Leaders FCN Publicly traded $1.7 BLN 1982 Year founded 4,400+ Total employees worldwide Market capitalization(1) 440+ 80 16 2 Nobel Senior Managing Directors Offices in 80 cities around the globe Experts in 16 industry specialties Laureates 10/10 Advisor to world’s top
Slide 4: Overview
Overview FTI Consulting is a leading professional services company with strong people and strong positions – corporations and law firms come to FTI Consulting when there is a critical need New management team (CEO, CFO, CHRO, Chief Strategy) put in place over first nine months of 2014 – focused on a
Slide 5: Balanced and Diversified Portfolio
Balanced and Diversified Portfolio Corporate Finance/Restructuring Q1 2015 Segment Revenues Bankruptcy Support Services Performance Improvement Interim Management Services Private Equity Advisory Investment Banking Restructuring & Turnaround Services Litigation Support Transaction Advisory Services
Slide 6: Corporate Finance/Restructuring
Corporate Finance/Restructuring Services Bankruptcy Support Services Transaction Advisory Services Interim Management Services Valuation & Financial Advisory Services Investment Banking Clients Litigation Support Corporations/C-Suite Business Transformation Services Boards of Directors Performance I
Slide 7: Corporate Finance/Restructuring (continued)
Corporate Finance/Restructuring (continued) Segment Offering Q1 2015 Form 10–Q Management’s Discussion & Analysis The Corporate Finance/Restructuring segment focuses on Revenues increased $12.2 million, or 13.0%, to $106.2 million strategic, operational, financial and capital needs of for the quarte
Slide 8: Forensic and Litigation Consulting
Forensic and Litigation Consulting Services Business Insurance Claims Insurance Compliance, Monitoring & Receivership Intellectual Property Construction & Environmental Solutions Trial Services Dispute Advisory Services Clients Financial Enterprise & Data Analytics (“FEDA”) Corporations Financial Se
Slide 9: Forensic and Litigation Consulting (continued)
Forensic and Litigation Consulting (continued) Segment Offering Q1 2015 Form 10–Q Management’s Discussion & Analysis The Forensic and Litigation Consulting segment provides Revenues increased $1.8 million, or 1.5%, to $123.3 million for a complete range of multidisciplinary, independent the quarter
Slide 10: Economic Consulting
Economic Consulting Services Antitrust & Competition Economics Regulated Industries Business Valuation Securities Litigation & Risk Management Center for Healthcare Economics & Policy Clients Intellectual Property Corporations International Arbitration Government Entities Labor & Employment Law Firm
Slide 11: Economic Consulting (continued)
Economic Consulting (continued) Segment Offering Q1 2015 Form 10–Q Management’s Discussion & Analysis The Economic Consulting segment provides analysis of Revenues decreased $0.8 million, or 0.7%, to $106.1 million for the complex economic issues. We help our clients with legal, quarter ended March
Slide 12: Technology
Technology Software & Services Clients Computer Forensics & Investigations Corporations Discovery Consulting Government Agencies E-discovery Software & Services Law Firms 2010 2011 2012 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 2014 Q1 2015 Segment Revenue $176,607 $218,738 $195,194 $202,663 $60,063 $60,
Slide 13: Technology (continued)
Technology (continued) Segment Offering Q1 2015 Form 10–Q Management’s Discussion & Analysis The Technology segment is a leading provider of Revenues decreased $5.4 million, or 9.0%, to $54.7 million for software, services and consulting for e-discovery and the quarter ended March 31, 2015 compared
Slide 14: Strategic Communications
Strategic Communications Services Corporate Communications Shareholder Activism and Proxy Advisory Creative Engagement & Digital Communications Strategy Consulting & Research Crisis Communications Clients Employee Engagement & Change Communications CEOs Financial Communications CFOs Litigation Commu
Slide 15: Strategic Communications (continued)
Strategic Communications (continued) Segment Offering Q1 2015 Form 10–Q Management’s Discussion & Analysis The Strategic Communications segment provides advice Revenues decreased $1.1 million, or 2.5%, to $42.1 million for and consulting services relating to financial and the quarter ended March 31,
Slide 16: Financial Overview
im F. Fo suirind Financial Overview
Slide 17: Historical Revenues and Adjusted Earnings Per Share
Historical Revenues and Adjusted Earnings Per Share Revenues $2,000 $1,756 $1,800-$1,900 $1,800 $1,652 $1,567 $1,577 $1,600 $1,400 $1,401 ($ Millions) $1,400 $1,200 $1,000 $800 $600 $432 $400 $200 $0 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 Q1 2015 2015 Guidance Adjusted Earnings Per Share $3
Slide 18: Financial Profile
Financial Profile All numbers in $000s except for DSOs Q1 2015 Q1 2014 Q4 2014 FY 2014 FY 2013 Cash and cash equivalents $ 225,295 $ 77,005 $ 283,680 $ 283,680 $ 205,833 Accounts receivable, net $ 513,285 $ 545,072 $ 485,101 $ 485,101 $ 476,445 Days sales outstanding ("DSO")1 101 106 97 97 97 Net ca
Slide 19: Appendix
im F. Fo suirind Appendix
Slide 20: First Quarter 2015 Awards & Accolades
First Quarter 2015 Awards & Accolades FTI Consulting ranked number one Corporate Finance/Restructuring’s Sanjeev Khemlani restructuring adviser on The Deal's Out- and Mark Renzi named in Turnarounds & Workouts' of-Court Restructuring League Tables for People to Watch in 2015 both debtors and credito
Slide 21: Financial Tables
Financial Tables Q1 2015 – FY 2010 Reconciliation of Net Income (Loss) to Adjusted EPS and Adjusted EBITDA
Slide 22: Reconciliation of Earnings Per Share to Adjusted Earnings Per Share
Q1 2015 - FY 2010 Reconciliation of Earnings (Loss) Per Share to Adjusted Earnings Per Share All numbers in $000s, except for per share data Q1 2015 2014 2013 2012 2011 2010 Net income (loss) $23,686 $58,807 ($10,594) ($36,986) $103,903 $65,984 Add back: Special charges, net of tax - 9,637 23,267 19
Slide 23: Q1 2015 and FY 2014 Reconciliation to Adjusted EBITDA
Q1 2015 and FY 2014: Reconciliation of Net Income And Operating Income to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Three Months Ended March 31, 2015 Finance/ Litigation Technology Corporate Total Consulting Communications Restructuring Consulting Net income $23,
Slide 24: Q1 and Q2 2014 Reconciliation to Adjusted EBITDA
Q1 and Q2 2014: Reconciliation of Net Income And Operating Income to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Three Months Ended March 31, 2014 Finance/ Litigation Technology Corporate Total Consulting Communications Restructuring Consulting Net income $18,117 I
Slide 25: Q3 and Q4 2014 Reconciliation to Adjusted EBITDA
Q3 and Q4 2014: Reconciliation of Net Income And Operating Income to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Three Months Ended September 30, 2014 Finance/ Litigation Technology Corporate Total Consulting Communications Restructuring Consulting Net income $22,5
Slide 26: Reconciliation of 2013 and 2012 to Adjusted EBITDA
Reconciliation of 2013 and 2012 Net Loss And Operating Income (Loss) to Adjusted EBITDA All numbers in $000s Corporate Forensic and Economic Strategic Year Ended December 31, 2013 Finance/ Litigation Technology Corporate Total Consulting Communications Restructuring Consulting Net loss ($10,594) Int
Slide 27: Reconciliation of 2011 and 2010 to Adjusted EBITDA
Reconciliation of 2011 and 2010 Net Income And Operating Income to Adjusted EBITDA All numbers in $000s Forensic and Corporate Finance/ Economic Strategic Year Ended December 31, 2011 Litigation Technology Corporate Total Restructuring Consulting Communications Consulting Net income $103,903 Interes
Slide 28: 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 ch
Slide 29: Critical Thinking at the Critical Time
Critical Thinking at the Critical Time ™