Amentum Holdings, Inc. · NYSE:AMTM
Amentum — FY2024 Earnings Presentation
15 slides from Amentum's earnings presentation, Dec 17, 2024
Slide 1: Amentum Fiscal Year 2024 Earnings Conference Call
Amentum Fiscal Year 2024 Earnings Conference Call December 17, 2024 A M E N T U M P R O P R I E T A R Y
Slide 2: Forward Looking Statements and Disclaimers
Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be “forward-looking statements” as that term is defin
Slide 3: A Global Leader in Advanced Engineering and Technology Solutions
A Global Leader in Advanced Engineering and Technology Solutions 53K+ 80+ Global Workforce Countries 15K+ ~50% U.S. Employees with STEM Employees Security Clearance Data as of September 27, 2024 AMENT U M P R OP R IET AR Y. AL L R IGHT S R ES ER VED . 3
Slide 4: CEO Key Messages
Successful Merger and Public Company Debut 1 • Completed transformational multi-billion dollar merger with Jacobs' Critical Mission Solutions and Cyber and Intelligence Business 2 Strong Fiscal Year 2024 Results • Pro Forma Revenues1 of $13.9 billion, 4% organic growth • Pro Forma Adjusted EBITDA2 o
Slide 5: Strategically Aligned to Mega Trends and Customer Priorities
Strategically Aligned to Mega Trends and Customer Priorities STRATEGIC APPROACH MEGA TRENDS Advanced Engineering and Next-Generation Complex Geopolitical Technology Solutions Landscape Accelerate growth by bidding a broad range of opportunities across the entire lifecycle Proliferation of Data Expan
Slide 6: Positioned to Adapt to Evolving Industry Dynamics
Positioned to Adapt to Evolving Industry Dynamics END-MARKET DIVERSIFICATION 1 DIFFERENTIATED POSITION 12% Total International International International Environment • Well positioned as an advanced engineering and Other U.S. DOD (17%) technology solutions provider to help drive 5% 7% Domestic effi
Slide 7: Strong Fiscal Year 2024 Pro Forma Financial Performance
Strong Fiscal Year 2024 Pro Forma Financial Performance PRO FORMA PRO FORMA REVENUES 1 ADJUSTED EBITDA 1,2 Margin 1,2 BACKLOG HIGHLIGHTS +4% +7% $13,858 • $45 billion combined backlog $13,371 $1,052 representing 3.2x coverage $986 • Pro forma FY24 book-to-bill of 0.8x • Book-to-bill excludes Hanford
Slide 8: Prudent Capital Structure with Attractive Terms
Prudent Capital Structure with Attractive Terms As of September 27, 2024 CAPITAL STRUCTURE HIGHLIGHTS ($ in millions) Rate Maturity Amount $850M Undrawn RCF S+225 2029 - • Strong liquidity position with $850 million undrawn revolving credit facility S+225 Term Loan B 2031 $3,750 (99.75 OID) • Earlie
Slide 9: Affirming Fiscal Year 2025 Guidance
Affirming Fiscal Year 2025 Guidance KEY ASSUMPTIONS ($ in millions, except per share data) Guidance 92% Existing or Recompete / 8% New Business Revenues $13,800 – $14,200 Income Statement assumptions • Non-GAAP effective tax rate ~24% • Interest expense $355M - $365M • Depreciation and amortization
Slide 10: FY25 Reportable Segment Introduction
FY25 Reportable Segment Introduction Digital Solutions Global Engineering Solutions Advanced digital and data-driven solutions Large-scale environmental remediation, including intelligence analytics, space clean energy, platform engineering, system development, cybersecurity, and sustainment and sup
Slide 11: Well-Positioned to Drive Long-term Value for Stakeholders
Well-Positioned to Drive Long-term Value for Stakeholders Defense Intelligence Environment Space Civilian Trusted Culture of collaboration Innovative and experienced industry leader and performance excellence engineering and technology with global scale and outstanding delivering exceptional results
Slide 12: Appendix
Appendix AMENT U M P R OP R IET AR Y. AL L R IGHT S R ES ER VED . 12
Slide 13: Definitions of Pro Forma and Non-GAAP Measures
Definitions of Pro Forma and Non-GAAP Measures The presentation and discussion of Pro Forma Adjusted EBITDA, Pro Forma Adjusted EBITDA Margin, Pro Forma Adjusted Net Income, Pro Forma Adjusted Diluted EPS, and Free Cash Flow are not measures of financial performance under Generally Accepted Accounti
Slide 14: Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation
Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation For the Year Ended September 27, 2024 Acquisition, transaction Utilization of and Loss on fair market Pro Forma Pro Forma integration Amortization extinguishment value Share-based Non-GAAP results costs of intangibles of debt adjustment
Slide 15: Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation
Unaudited Pro Forma Non-GAAP Financials Measures Reconciliation For the Year Ended September 29, 2023 Acquisition, Non-cash Utilization of transaction GAAP fair market Pro Forma Pro Forma and integration Amortization expense value Share-based Non-GAAP results costs of intangibles (gain) adjustments