Caci International, Inc. · NYSE:CACI
Caci International — Q3 2025 Earnings Presentation
17 slides from Caci International's earnings presentation, Apr 24, 2025
Slide 1: CACI International Inc Q3 FY25 Earnings Conference Call
CACI International Inc Q3 FY25 Earnings Conference Call April 24, 2025 EXPERTISE and TECHNOLOGY for National Security 1 | CACIEXPERTISE Proprietary andInformation TECHNOLOGY for National Security
Slide 2: Forward-looking statements
Forward-looking statements There are statements made herein that do not address historical facts and, therefore, could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to risk factors that cou
Slide 3: On today's call
On today’s call John Mengucci Jeff MacLauchlan President and Chief Financial Officer Chief Executive Officer and Treasurer 3 | CACI Proprietary Information
Slide 4: Q3 highlights
Exceptional FY24 Performance Q3 highlights Predictable Profitability Efficient Flexible and organic revenue supportive management of opportunistic growth of continued working capital and capital investment capital expenditures deployment 11.8% revenue growth 11.7% EBITDA1 margin $188 million Repurch
Slide 5: Macro environment
Macro environment • Healthy demand signals in key focus areas • Constructive budget/funding environment • CACI well-aligned to administration priorities • DoD pivot to software-centric approach validates our strategy • Budget visibility improving 5 | CACI Proprietary Information
Slide 6: Well-aligned to administration priorities
Well-aligned to administration priorities TLS Manpack Spectral Army SIPRMOD • Commercially developed, differentiated, • Software-defined, differentiated, enhanced • Software-defined, differentiated, software-defined system with AI commercial technology • Enhanced warfighter SIGINT/EW capabilities •
Slide 7: Summary
Summary • Strategy and business remain resilient despite uncertainty • Strong execution and financial performance enable guidance raise • Increasing budgets and clear demand signals • National security priorities we focus on have bipartisan support • Positioned well to drive long-term growth, increa
Slide 8: Q3 financial summary
Q3 financial summary Strong performance Strong Organic Healthy EBITDA1 Adjusted EPS1 Free Cash Flow1 Revenue growth margin +9% YoY of $188 million 11.8% YoY growth 11.7% EBITDA1 Higher operating Strong profitability (5.6% organic) margin income Working capital Timing of software- Lower share count d
Slide 9: Flexible and opportunistic capital deployment
Flexible and opportunistic capital deployment Internal Capital Returns Strategic M&A Investments to Shareholders $150 million open market repurchase (OMR) completed (~436k shares, or ~2% of shares outstanding, at average price ~$344/share) $187 million of original $750 million share repurchase progr
Slide 10: Raising FY25 guidance
Raising FY25 guidance Updated Guidance Prior Guidance Revenue growth of 14.5% to 16% (9% to 10% organic) – on an underlying basis (excl. non-recurring $200M of no-margin material revenue in 1H FY24) Revenue $8,550 – $8,650 $8,450 – $8,650 (millions) EBITDA1 margin in “low 11% range” Adjusted Depreci
Slide 11: Positive forward indicators
Positive forward indicators Long-term visibility into our business Trailing 12-months contract awards of $12.4 billion >97% STRONG TTM Book-to-Bill of 1.5x Existing Business Performance YTD weighted avg. duration of 5.5 years Backlog of $31 billion, +10% YoY ~2% HIGH Almost 4 years of annualized rev
Slide 12: Closing
Closing • Strong Q3 results across the board • Raising guidance for FY25; confidence in 3-year financial targets • Executing strategy well aligned to administration priorities and where the world is going • Success driven by our employees’ talent, innovation, and commitment • Driving long-term growt
Slide 13: Appendix
Appendix 13 | CACI Proprietary Information
Slide 14: Definitions of non-GAAP measures
Definitions of non-GAAP measures Adjusted net income and Adjusted diluted EPS are non-GAAP performance measures. We define Adjusted net income and Adjusted diluted EPS as GAAP net income and GAAP diluted EPS, respectively, excluding intangible amortization expense and the related tax impact as we do
Slide 15: Reconciliation of net income to adjusted net income and diluted EPS
Reconciliation of net income to adjusted net income and diluted EPS to adjusted diluted EPS (unaudited) (in thousands, except per share data) Three Months Ended 3/31/2025 3/31/2024 % Change Net income, as reported $ 111,860 $ 115,350 -3.0% Intangible amortization expense 36,765 18,358 100.3% Tax eff
Slide 16: Reconciliation of net income to EBITDA
Reconciliation of net income to earnings before interest, taxes, depreciation and amortization (EBITDA) (unaudited) Three Months Ended (in thousands) 3/31/2025 3/31/2024 % Change Net income $ 111,860 $ 115,350 -3.0% Plus: Income taxes 39,392 38,286 2.9% Interest income and expense, net 45,117 27,668
Slide 17: Reconciliation of operating cash flow to free cash flow
Reconciliation of net cash provided by operating activities to net cash provided by operating activities excluding MARPA and to free cash flow (unaudited) Three Months Ended (in thousands) 3/31/2025 3/31/2024 Net cash provided by operating activities $ 230,324 $ 198,271 Cash used in (provided by) MA