Science Applications International Corporation · NASDAQ:SAIC
Science Applications International — Q4 2025 Earnings Presentation
23 slides from Science Applications International's earnings presentation, Mar 17, 2025
Slide 1: Financial Results FY25 4Q Supplemental Financial Presentation
FINANCIAL RESULTS FY25 4Q SUPPLEMENTAL FINANCIAL PRESENTATION March 17, 2025
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “antic
Slide 3: SAIC Investment Case
SAIC Investment Case TRACK RECORD OF DELIVERING Keen focus on consistent execution, transparency with investors, and aligning incentives ON COMMITMENTS with shareholder value drives strong track record CONSISTENT ORGANIC FY22 to FY27 average organic growth of ~3.5% supported by exposure to durable a
Slide 4: SAIC integrates emerging technology into mission critical operations
SAIC integrates emerging technology securely and in real time into mission critical operations that modernize and enable national imperatives. ~24,000 >6,000 63% 20+ EMPLOYEES VETERANS HOLD A SECURITY STRATEGIC CLEARANCE PARTNERSHIPS MISSION IMPACT • Developed mobile facial and touchless fingerprint
Slide 5: SAIC Fiscal Year 2027 Targets
SAIC Fiscal Year 2027 Targets REVENUE EBITDA* FREE CASH FLOW* $7.95B - $8.10B ~$770M $550M ~5% organic FY27 adj. EBITDA margin* revenue growth guidance of 9.5% - 9.7% ~$12/share * A non-GAAP financial measure. Such non-GAAP measure should be considered in addition to, not a substitute for, the corre
Slide 6: Bid More, Bid Better, Win More
BID MORE BID BETTER WIN MORE TCV of Submitted Bids* >$30 2.5x $30 $28 $28 to $30 2.0x $25 $24 $22 1.5x TARGET $ in bil. Strategic $20 Civilian 1.0x $17 0.5x $15 Enterprise / 0.0x Mission IT 1H FY26 F2Q20 F3Q20 F4Q20 F1Q21 F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 F1Q23 F2Q23 F3Q23 F4Q23 F1Q24 F2Q24
Slide 7: FY25 Results
(1) FY25 RESULTS ADJUSTED REVENUE ADJUSTED EBITDA (2) FREE CASH FLOW (2) DILUTED EPS (2) $7,256* $7,479 $9.13 $710 $507 $668 +3% $7.88 $486 9.5% 9.0% FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 Civilian T-Cloud Improved Execution Lower Tax Rate Higher EBITDA Space GMASS Lower Incentive Comp. Expense Low
Slide 8: Fiscal Year 2026 Guidance
Fiscal Year 2026 Guidance CURRENT FISCAL YEAR 2026 PRIOR FISCAL YEAR 2026 GUIDANCE TARGETS Revenue $7.60B - $7.75B $7.55B - $7.75B Pro-Forma Organic Growth 2% - 4% 2% - 4% Adjusted EBITDA(1) $715M - $735M ~$720M Adjusted EBITDA %(1) 9.4% - 9.6% 9.3% - 9.5% Adjusted Diluted EPS (1) $9.10 - $9.30 $8.9
Slide 9: Solid Organic Revenue Growth Expected to Continue
Solid Organic Revenue Growth Expected to Continue 8.0% 7% 7.0% 6.0% ~ 5% 5.0% 4.0% 3% ~ 3% 3.0% 3% 2.0% 2% 1.0% 0.0% FY22 FY23 FY24 FY25 FY26 Target FY27 Target SAIC Adjusted Organic Growth FY21 FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 FY26 FY27 + + Revenues, as Reported $7,056 $7,394 $7,394 $7,704 $
Slide 10: Multi-Year Financial Targets
Multi-Year Financial Targets FY24 FY25A FY26 FY27 $7.444B Revenue $7.479B $7.60B - $7.75B $7.95B - $8.10B ($7.26B excl. L&SCM) Organic Growth 7.4% 3.1% 2% - 4% 4% - 6% Adjusted EBITDA %* 9.0% 9.5% 9.4% - 9.6% 9.5% - 9.7% Adjusted EBITDA $668M $710M $715M - $735M ~$770M Adjusted Diluted EPS* $7.88 $9
Slide 11: SAIC Historical Share Repurchase Authorizations
SAIC Historical Share Repurchase Authorizations REPURCHASE AVG. ANNUALIZED INCREMENTAL TOTAL APPROXIMATE AVG. SHARES AVG. PRICE OF AUTHORIZATION AUTHORIZATION FCF** / SHARE SHARES ADDED TO “CURRENT” MONTHS TO REPURCHASED REPURCHASED DATE AS % OF DILUTED DURING AUTHORIZATION AUTHORIZATION COMPLETE PE
Slide 12: SAIC Historical Backlog and Book-to-Bill
SAIC Historical Backlog and Book-to-Bill Backlog TTM Book-to-Bill $25 2.5x Total Backlog ($ in billions) $20 2.0x $15 1.5x $10 1.0x $5 0.5x $0 0.0x F1Q19 F2Q19 F3Q19 F4Q19 F1Q20 F2Q20 F3Q20 F4Q20 F1Q21 F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 F1Q23 F2Q23 F3Q23 F4Q23 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 F2
Slide 13: Appendix
Appendix
Slide 14: Working Days Per Quarter
Working Days Per Quarter Q1 Q2 Q3 Q4 Total FY26 64 62 63 60 249 FY25 64 62 63 60 249 FY24 64 62 63 60 249 FY23 64 62 63 65 254 FY22 64 63 63 60 250 FY21 64 63 63 60 250 FY20 64 63 63 60 250 SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED I 14
Slide 15: Payroll Cycles per Quarter
Payroll Cycles per Quarter Q1 Q2 Q3 Q4 Total FY26 7 6 7 6 26 FY25 7 6 7 6 26 FY24 7 6 7 6 26 SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED I 15
Slide 16: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA (1) EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA and adjusted operating income are pe
Slide 17: Non-GAAP Reconciliation – Adjusted Operating Income
Non-GAAP Reconciliation – Adjusted Operating Income (1) EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA and adjusted operating income are per
Slide 18: Non-GAAP Reconciliation – Adjusted Operating Income
Non-GAAP Reconciliation – Adjusted Operating Income (1) EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA and adjusted operating income are per
Slide 19: Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share
Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share (1) Adjusted diluted earnings per share is a performance measure that excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs r
Slide 20: Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share
Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share (1) Adjusted diluted earnings per share is a performance measure that excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs r
Slide 21: Non-GAAP Reconciliation – Free Cash Flow
Non-GAAP Reconciliation – Free Cash Flow (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain d
Slide 22: Unaudited Historical Segment Financials
Unaudited Historical Segment Financials (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain de
Slide 23: Bring on Tomorrow
BRING ON TOMORROW, TAKING THE WORLD WHERE IT’S NEVER BEEN BEFORE. From the digital space to space defense, we move you forward SAIC.
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