Slide 1: Second Quarter - Fiscal Year 2010 (David N. Walker, CFO)
David N. Walker Chief Financial Officer and Treasurer Second Quarter - Fiscal Year 2010
Slide 2: Select Financial Data: Q2 FY10 Compared to Q2 FY09
Select Financial Data: Q2 FY10 Compared to Q2 FY09 May 2010 Key Highlights:Strong Q2 results driven by:International operationsSound results in our domestic businessFavorable tax rate Net recovery of $6.0 million (pre-tax), or $0.21 per diluted share related to legal/settlementRevenue up 15.1%; 8.5%
Slide 3: Operations Segment Second Quarter Revenue and Operating Income
Operations Segment Second Quarter RevenueOperations Segment revenue grew 23% to $191.4 million compared to last year On a constant currency basis, revenue grew 15.6%Second Quarter Operating IncomeOperations Segment operating income of $21.7 millionSegment operating margin was 11.4%, slightly better
Slide 4: Consulting Segment
Consulting Segment Second quarter revenue totaled $12.5 millionDecreased compared to Q2 09 which was unusually high from delivery of a large pass-through item related to an education contract; we also exited the RevMax business after Q2 09 Operating income of $460,000Operating margin of 3.7%Consulti
Slide 5: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow Healthy cash and cash equivalents totaling $121.4 million at March 31, 2010 Fourth quarter DSOs of 68 days, well within our expectations of 65-80 days Cash provided by operating activities from continuing operations totaled $21.4 million; free cash flow* from continuing ope
Slide 6: Raising FY 2010 Guidance From Continuing Operations
Raising FY 2010 Guidance From Continuing Operations Updated FY 2010 guidance from continuing operations Increased revenue guidance by $10 million to include the DeltaWare acquisitionIncreased EPS guidance by $0.15 to account for the expected lower tax rate from a greater mix of international busines
Slide 7: Second Quarter - Fiscal Year 2010 (Richard A. Montoni, CEO)
Richard A. Montoni President and Chief Executive Officer Second Quarter - Fiscal Year 2010
Slide 8: Landmark Legislation: Health Care Reform
MAXIMUS is actively engaged with partners in helping them translate the requirements of the new law into practical operational plans Body: Patient Protection and Affordable Care Act (PPACA)Expand access to health coverage to over 30 million Americans, protect patient rights, control health care cost
Slide 9: Health Care Reform: Where Are States Today?
Health Care Reform: Where Are States Today? Body: States are required to meet the mandates of PPACAStates must “Do More With Less” as resources are stretched and they must achieve concurrent health information technology requirementsMAXIMUS can fill the resource gap and bring efficiencies to adminis
Slide 10: Early Adopters: A Bridge to Future Requirements
Early Adopters: A Bridge to Future Requirements Body: A bridge between current programs and where they need to be in 2014“Early Adopter” states already moving to simplify and modernize current eligibility and enrollment models for public health insurance programsNew Contract Awards for “Early Adopte
Slide 11: MAXIMUS Core Competencies Intersect with New Laws
MAXIMUS Core Competencies Intersect with New Laws As regulatory reforms take hold, we believe the demand for our health appeals and related consumer protections services will also increase
Slide 12: International Business Update
Remain on track for international revenue to reach approximately 30% of total mix of business by fiscal year end Meeting all the key performance requirements in both Australia and the U.K. Actively pursuing new opportunities in international markets, including the U.K. where we are awaiting a decisi
Slide 13: Sales and Pipeline
Sales and Pipeline Restated to reflect divested businesses and ERP Twelve-Month Trailing Sales (Signed)($ in millions)
Slide 14: Solid second quarter results and long-term opportunities
Solid second quarter results highlighted by our solid operational and financial delivery in our international marketsExcited about the many long-term opportunities as Health Care Reform unfoldsGained early traction with ‘bridge’ programs that are laying the groundwork in helping states devise a road