Slide 1: Third Quarter 2025 Earnings Conference Call Presentation
THIRD QUARTER 2025 Earnings Conference Call Presentation NOVEMBER 5, 2025
Slide 2: Forward Looking Statements
FORWARD This presentation contains forward-looking statements within the of major contract awards received by us; our ability to generate meaning of the Private Securities Litigation Reform Act of 1995, revenue under certain of our contracts; any inability to attract, train Section 27A of the Securi
Slide 3: Q3 2025 Highlights
Q3 2025 HIGHLIGHTS ▪ Delivered double-digit revenue growth (excluding the confidential contract), significant adjusted EBITDA margin expansion, and strong free cash flow. Funded backlog at the highest level since the IPO ▪ 14% total revenue growth and 9% organic growth excluding the company’s confid
Slide 4: Q3 2025 Key Highlights
Q3 2025 KEY HIGHLIGHTS Strong revenue growth, significant margin expansion and winning large contracts ▪ Total revenue of $1.6B and net income of $64M ▪ Total revenue growth of 14% and 9% organically, excluding confidential contract Q3 2025 REVENUE ▪ Adjusted EBITDA margin expanded 60 basis points t
Slide 5: Q3 2025 Financial Summary
Q3 2025 FINANCIAL SUMMARY Strong total and organic revenue growth (excluding confidential contract), adjusted EBITDA margins, and cash flow from operations exceeded our forecast ▪ Total revenue excluding the company’s ▪ Adjusted EBITDA margin expands 60 bps to 9.8%, confidential contract increased 1
Slide 6: Business Segment Summary
BUSINESS SEGMENT SUMMARY Critical Infrastructure Federal Solutions ▪ Q3 2025 revenue increased 18% and 13% ▪ Q3 2025 revenue growth of 9% and 5% on an organic organically from Q3 2024 basis excluding the company’s confidential contract ▪ Adjusted EBITDA of $86M increased 83% from prior ▪ Q3 2025 tot
Slide 7: Significant Contract Wins
Awarded Significant Industrial Base Modernization Contract Awarded a new large ten-year single-award task order contract as exclusive sub-contractor to provide design and modernization support for the Holston Army Ammunition Plant Government-Owned Contractor-Operated Production & Modernization contr
Slide 8: Significant Contract Wins
Awarded $88M; $190M+ Year-To-Date Awarded over $190 million in task order contract wins through the nine-months ended 2025, including a $88 million task order contract awarded in the third quarter under the Air Base Air Defense (ABAD) IDIQ contract vehicle. Under this task order, Parsons will provid
Slide 9: Additional Corporate Highlights
Acquired Applied Sciences Consulting Parsons announced and closed its acquisition of Applied Sciences Consulting, Inc., a Florida-based engineering firm that specializes in water and stormwater solutions for cities, counties, and water management districts across the state. The acquisition expands P
Slide 10: Updating Fiscal Year 2025 Guidance
UPDATING FISCAL YEAR 2025 GUIDANCE Current FY25 Guidance Prior FY25 Guidance Highlights -4% growth and -8% organically; Total Revenue $6,400 - $6,500M $6,480 - $6,680M +14% growth and +9% organically excluding confidential contract Adjusted EBITDA $600 - $630M $595 - $635M +2% growth (50 bps expansi
Slide 11: Fiscal Year 2025 Guidance Assumptions
FISCAL YEAR 2025 GUIDANCE ASSUMPTIONS ▪ ~ 51% of total revenue to be generated from Federal Solutions segment at the mid-point PATTERNS ▪ Adjusted EBITDA margin of ~ 9.5% at the mid-point of the revenue guidance, up 50bps from 2024 Revenue: approximately 4% sequential growth (Q3 2025 to Q4 2025) to
Slide 12: Appendix: Supplemental Materials
APPENDIX: SUPPLEMENTAL MATERIALS Parsons Corporation 12
Slide 13: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income to Adjusted EBITDA (in thousands) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2025 2024 2025 2024 Net income attributable to Parsons Corpora
Slide 14: Adjusted EBITDA Attributable to NCI
ADJUSTED EBITDA ATTRIBUTABLE TO NCI PARSONS CORPORATION Non-GAAP Financial Information Computation of Adjusted EBITDA Attributable to Noncontrolling Interests (in thousands) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2025 2024 2025 2024 Federal Solut
Slide 15: Adjusted Net Income Attributable to Parsons
ADJUSTED NET INCOME ATTRIBUTABLE TO PARSONS PARSONS CORPORATION Non-GAAP Financial Information Reconciliation of Net Income Attributable to Parsons Corporation to Adjusted Net Income Attributable to Parsons Corporation (in thousands, except per share information) Three Months Ended Nine Months Ended