Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q1 2024 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Jul 28, 2023
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2024, First Quarter July 28, 2023
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS MATT CALDERONE Chief Financial Officer NATHAN RUTLEDGE Director & Head of Investor Relations 2
Slide 3: Disclaimer
DISCLAIMER Forward Looking Safe Harbor Statement Certain statements contained in this presentation and in related comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include
Slide 4: Key Financial Results
KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2024 RESULTS FIRST QUARTER (1) Revenue $2.7 billion +18.0% Revenue, Excluding Billable Expenses $1.8 billion +16.9% Net Income $161 million +16.9% Adjusted EBITDA2 $307 million +21.5% Adjusted EBITDA Margin on Revenue2 11.6% +3.6% Adjusted Net Income $
Slide 5: Investment Thesis
INVESTMENT THESIS ADJUSTED EBITDA siscintne GROWTH TO $1.2—1.3B banal Deployment Organic Strategic Strong Mid 10% $35— 4 5B Revenue @ Acquisitions& @ Adjus sted EBITDA 5-8% Investments Margin
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS FIRST QUARTER FISCAL YEAR 2024 RESULTS FIRST QUARTER (1) Revenue $2.7 billion +18.0% Revenue, Excluding Billable Expenses $1.8 billion +16.9% Net Income $161 million +16.9% Adjusted EBITDA2 $307 million +21.5% Adjusted EBITDA Margin on Revenue2 11.
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN BILLIONS) (1) $31.8 $31.2 $31.3 $29.0 $29.2 $22.0 $30.0 $27.8 $28.6 $26.8 $24.6 $23.3 $24.0 $16.0 $17.1 $17.3 $14.6 $15.6 $14.6 $15.4 $14.3 $14.3 $13.9 $13.7 $14.4 $9.5 $10.4 $10.1 $9.5 $9.0 $6.2 $9.0 $9.4 $9.9 $10.0 $6.0 $6.1 $4.5 $3.6 $3.5 $3.5 $4.9
Slide 8: Capital Allocation
CAPITAL ALLOCATION DELIVERING STRONG CAPITAL RETURNS THROUGH EFFICIENT CAPITAL DEPLOYMENT STRATEGY – Our multi-year capital deployment plan is to follow a disciplined and opportunistic approach, subject to market conditions – In Q1 FY 2024, we deployed approximately $179.5 million: – $63.0 million t
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FISCAL 2024 GUIDANCE(1) OPERATING PERFORMANCE Fiscal Year 2024 Revenue Growth 7.0% – 11.0% Adjusted EBITDA $1,075 – $1,105 million Adjusted EBITDA Margin on Revenue High 10% to 11% Adjusted Diluted EPS $4.80 – $4.95 Updated Net Cash Provided by Operating Activities(2) $16
Slide 10: Appendix
APPENDIX 10
Slide 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • “Revenue, Excluding Billable Expenses” represents revenue less billable expenses. Booz Allen uses Revenue, Excluding Billable Expenses because it provides management useful information about the Company’s operating performance by excluding the impact of costs that ar
Slide 12: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) (a) Represents costs associated with the acquisition Three Months Ended efforts of the Company related to transactions for June 30, which the Company has entered into a letter of intent (In thousands, except share and per share data) 2023 2022 to acquire a
Slide 13: Non-GAAP Financial Information (Unaudited)
NON-GAAP FINANCIAL INFORMATION (Unaudited) Three Months Ended Three Months Ended Three Months Ended Three Months Ended (In thousands, except share and per share data) June 30, 2023 March 31, 2023 December 31, 2022 September 30, 2022 (a) Reflects the combination of Interest Net income (loss) attribut
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS First Quarter Fiscal 2024 – Below is a summary of the key factors driving results for the fiscal 2024 first quarter ended June 30, 2023 as compared to the prior year period: • Revenue increased 18.0% to $2.7 billion and Revenue, Excluding Billable Expenses increased 1
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