Slide 1: Fourth Quarter and Full Year Results
David N. Walker Chief Financial Officer and Treasurer 4th Quarter Fiscal 2007 November 15, 2007 Fourth Quarter and Full Year Results 4th Quarter results
Slide 2: Fourth Quarter and Full Year Results
Fourth Quarter and Full Year Results 4th Quarter results Record 4th Quarter revenue totaling $201.9 million a 17.5% increase over same period last year Net income in 4th Quarter of $14.2M or $0.63 per diluted share Includes a $2.5 million legal expense related to Accenture arbitration or $0.06 per d
Slide 3: Supplemental Pro Forma Information
Supplemental Pro Forma Information Total pro-forma IBIT for FY07 would have been $77.1 million or diluted EPS of $2.01 Three Months Ended Year Ended September 30, September 30, September 30, September 30, 2006 2007 2006 2007 Revenue, as reported (GAAP) $ 171.8 $ 201.9 $ 700.9 $ 738.6 Income (loss) b
Slide 4: Results by Business Segment: Operations Segment
Results by Business Segment Operations Segment Operations Segment delivers strong revenue growth Q4 revenue increased 23% to $141.9 million compared to last year FY07 revenue of $503.6 million a 6.9% increase over 2006 Revenue grew 9% -excluding divested businesses in fiscal 2006 Operations Segment
Slide 5: Results by Business Segment: Consulting & Systems
Results by Business Segment Consulting & Systems Consulting Segment Revenue $22.5 million in 4th quarter with operating income of $554,000 and a 2.5% margin Full year revenue totaled $93.7 million with operating income of $6.4 million and a margin of 6.9% Systems Segment Q4 Revenue grew to $37.4 mil
Slide 6: Balance Sheet and Cash Flow Items
Balance Sheet and Cash Flow Items Accounts Receivable at September 30, 2007 totaled $175.2 million Another $1.9 million in long-term accounts receivable classified as other assets is on balance sheet DSO’s at 80 days at September 30, 2007 Targeted DSO range of 75 to 85 days reflects ongoing focus on
Slide 7: Richard A. Montoni, President and Chief Executive Officer
Richard A. Montoni President and Chief Executive Officer 4th Quarter Fiscal 2007 November 15, 2007
Slide 8: Breaking News: CA HCO Rebid - Notice of Intent To Award
Breaking News: CA HCO Rebid -Notice of Intent To Award NOTICE OF INTENT TO AWARD CALIFORNIA DEPARTMENT OF HEALTH CARE SERVICES 1501 Capitol Ave, Guard Station Sacramento, CA 95814 November 14, 2007 IN CONSIDERATION OF THE RESPONSE TO THE CALIFORNIA DEPARTMENT OF HEALTH CARE SERVICES’ HEALTH CARE OPT
Slide 9: Concluded Strategic Review Process
Concluded Strategic Review Process Thorough and extensive review process Much interest shown from outside parties on variety of fronts Market dynamics impacted process Not immune to broader market conditions Substantial increase in cost of capital Remain an independent public, company, coupled with
Slide 10: Three Key Initiatives
Three Key Initiatives 1. Capitalization $150 million Accelerated Share Repurchase (ASR) Plan to commence end of business today $40.0 million remains available under board authorized share repurchase program at September 30, 2007 Plan to secure an additional $50 to $75 million line of credit to provi
Slide 11: Accelerated Share Repurchase program
Accelerated Share Repurchase program Program calls for accelerated repurchase of shares up to $150 million UBS to purchase equivalent number of shares in open market over next nine months MAXIMUS’ initial price to be adjusted up or down based on the volume-weighted average price (VWAP) during this p
Slide 12: Longer-Term Growth Vision
Longer-Term Growth Vision Refine focus on Core Competencies Holding #1 or #2 position in its markets The ability to meet clients’ needs with cost-effective and efficient solutions Significant growth potential in expanding markets Best way to drive highest returns for shareholders Lands squarely in t
Slide 13: Three Major Business Categories in Portfolio
Three Major Business Categories in Portfolio: 1. Those business lines that are clearly core to achieving our longer-term objectives 2. Those businesses on the periphery of these core areas such as those that may share common customer bases 3. Certain business lines that may not be a clear fit within
Slide 14: Achievements in Fiscal 2007
Achievements in Fiscal 2007 Past 18 months has emphasized critical initiatives in quality and risk management which have resulted in: Several legacy issues have been eliminated More favorable contract terms on new awards Solid cash flow Lower DSO’s Improved operating margins Accelerated top-line gro
Slide 15: Looking Forward: New Opportunities in Fiscal 2008
Looking Forward New Opportunities in Fiscal 2008 Build on progress made in fiscal 2007 Further optimizing operations and fueling growth Emphasize businesses offering more predictable, recurring streams of revenue and sustainable levels of income Investing to succeed in those core areas where we see
Slide 16: Solidifying Our Future
Solidifying Our Future Backlog of $1.3 billion at September 30, 2007 New Signed and Unsigned Awards $569 million signed awards as of September 30, 2007 70% of new signed awards are in Operations Segment which reflects our targeted effort on growing health and human services markets New contracts awa
Slide 17: Rebids/Options and Guidance
Rebids/Options 13 rebids in FY 2008, with total contract value of $280 million but impact to FY 08 revenue is only $4 million due to timing 27 options with total value of $223 and FY 08 revenue impact of $47 million Guidance FY 08 revenue of $850 million to $880 million with diluted EPS of $2.40 to