Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2020 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Jan 31, 2020
Slide 1: Earnings Call Presentation Fiscal Year 2020, Third Quarter
EARNINGS CALL PRESENTATION Fiscal Year 2020, Third Quarter January 31, 2020
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. 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 THIRD QUARTER FISCAL YEAR 2020 RESULTS THIRD QUARTER (1) YEAR TO DATE (12/31/19) (1) Revenue $1.8 billion 11.2% Increase $5.5 billion 11.6% Increase Revenue, Excluding Billable Expenses $1.2 billion 8.3% Increase $3.8 billion 10.0% Increase Adjusted EBITDA $191 million 6.2% Inc
Slide 5: Q3 FY'20 Performance: Aligned with Investment Thesis
Q3 FY'20 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 curre
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS THIRD QUARTER FISCAL YEAR 2020 RESULTS THIRD QUARTER (1) YEAR TO DATE (12/31/19) (1) Revenue $1.8 billion 11.2% Increase $5.5 billion 11.6% Increase Revenue, Excluding Billable Expenses $1.2 billion 8.3% Increase $3.8 billion 10.0% Increase Adjuste
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG (1) $23.0 (5) $22.9 $22.0 (5) $21.4 $20.5 $21.9 $22.0 $20.4 $19.9 $19.3 $16.7 $16.7 $16.1 $17.0 $16.5 $14.0 $13.2 in billions $13.6 $12.4 $13.1 $12.4 $12.2 $12.3 $9.2 $9.6 $9.2 $10.1 $11.0 $7.7 $8.3 $4.8 $5.4 $5.3 $5.5 $3.9 $4.2 $4.5 $3.7 $4.4 $3.1 $4.2 $4.1
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Multi-year capital deployment plan remains on track, subject to market conditions – Deployed ~$61 million during the quarter – Reaffirming three-year goal to deploy ~$1.4 billion through fiscal year
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY'20 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q2'20) Revenue Growth 10.0 - 11.5% 9.0 - 11.0% Adjusted EBITDA Margin on Revenue Low 10% range Low 10% range Adjusted Diluted EPS $3.05 - $3.15 $3.00 - $3.10 Net Cash Provided by Operating Activities $500 - $550 million
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 Nine Months Ended (a) Fiscal 2020 and fiscal 2019 reflect debt December 31, December 31, refinancing costs incurred in connection with the (In thousands, except share and per share data) 2019 2018 2019 2018 refinancing transactions consummated on (Un
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Third Quarter Fiscal 2020 – Below is a summary of the key factors driving results for the fiscal 2020 third quarter ended December 31, 2019 as compared to the prior year period: • Revenue increased by 11.2% to $1.8 billion driven primarily by sustained strength in cli
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Nine Months Ended December 31, 2019 – Below is a summary of the key factors driving results for the fiscal 2020 nine months ended December 31, 2019 as compared to the prior year period: • Net cash provided by operating activities was $366.5 million for the nine months
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