Huron Consulting Group Inc. · NASDAQ:HURN
Huron Consulting — Investor Presentation (2013)
24 slides from Huron Consulting's investor presentation, 2013
Slide 1: Investor Presentation First Quarter 2013
Investor Presentation First Quarter 2013
Slide 2: Experience. Redefined.
Experience. Redefined. ®
Slide 3: Forward-looking statements
Experience. Redefined. ® Statements in this presentation, including the information incorporated by reference herein, that are not historical in nature, including those concerning the Company’s current expectations about its future requirements and needs, are “forward-looking” statements as defined
Slide 4: Huron Operating Segments
Huron Operating Segments Huron Healthcare 46% Huron Legal 30% Huron Financial 3% Huron Education & Life Sciences 21% Note: Segment percentages are based on full year 2012 revenue results and recast for the Company’s new 2013 reporting segments. See the Company’s website for additional information.
Slide 5: Huron Healthcare
Huron Healthcare Business Drivers transition from fee-for-service to value-based-care post-reform alignment among physicians and providers intense pressure to reduce cost declining reimbursement enhanced quality of care - focus on outcomes and quality measures Clients We Serve hospitals health syste
Slide 6: Huron Legal
Huron Legal Business Drivers strong incentive to reduce corporate legal costs and related litigation and investigation expenses proliferation of electronic documents complex regulatory challenges increased use of technology to support discovery and matter management Clients We Serve global 1,000 com
Slide 7: Huron Education
Huron Education Business Drivers decreased public financial support research funding has flattened rapidly expanding on-line learning platform competing in global arena for brand and students lack of revenue growth due to tuition pricing pressure Clients We Serve colleges and universities research i
Slide 8: Huron Life Sciences
Huron Life Sciences Business Drivers increasing global regulations demanding greater transparency escalating research costs leading to more outsourcing expiring patents, generic competition, and slow pipeline development creating more M&A growing need for compliance and business integration services
Slide 9: Huron Financial
Huron Financial Business Drivers distressed industries or underperforming companies debt or equity transactions turnaround situations, M&A activity, bankruptcies, disputes or litigation interim management needs: CEO, CFO, CRO advice to executive management and boards of directors facing complex situ
Slide 10: Financial Overview
Financial Overview
Slide 11: Growth Track Record: Revenues
Growth Track Record Revenues from Continuing Operations (in millions) = 15% GR R CA 5Y
Slide 12: Growth Track Record: Adjusted EBITDA
Growth Track Record Adjusted EBITDA (in millions) and Adjusted EBITDA Margins = 24% A GR RC 5Y See accompanying appendix for a reconciliation of Adjusted EBITDA, which is a non-GAAP measure, to the most comparable GAAP measure.
Slide 13: Growth Track Record: Adjusted Diluted EPS
Growth Track Record Adjusted Diluted Earnings Per Share 34% G R= R CA 5Y See accompanying appendix for a reconciliation of Adjusted Diluted Earnings Per Share, which is a non-GAAP measure, to the most comparable GAAP measure.
Slide 14: Free Cash Flow
Free Cash Flow Free Cash Flow Per Share & Free Cash Flow Yield Free cash flow is defined as cash from operations minus capital expenditures. Free cash flow yield is defined as free cash flow per share divided by the end of the period stock price. See accompanying appendix for a reconciliation of fre
Slide 15: Operating Metrics
Operating Metrics Operating Metrics From Continuing Operations (1) Headcount leverage is the number of non-MD full-time billable consultants divided by the number of MDs at the end of each period.
Slide 16: Appendices: Reconciliations of Non-GAAP Measures
Appendices Reconciliations of Non-GAAP Measures to Comparable GAAP Measures In evaluating the Company’s financial performance, management uses earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted EBITDA, adjusted EBITDA as a percentage of revenues, adjusted net income
Slide 17: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures Reconciliation of Net Income from Continuing Operations to Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (in millions)
Slide 18: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures Reconciliation of Net Income from Continuing Operations to Adjusted Net Income from Continuing Operations (in millions)
Slide 19: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures Reconciliation of Cash from Operating Activities to Free Cash Flow (in millions) 2008 2009 2010 2011 2012 Cash From Operations $ 101 $ 114 $ 50 $ 109 $ 106 Less Capital Expenditures (20) (13) (9) (14) (21) Free Cash Flow $ 81 $ 101 $ 42 $ 95 $ 85 Diluted Shares 1
Slide 20: Huron: A Closer Look
Huron: A Closer Look
Slide 21: Fast Facts
Fast Facts $625M+ revenue 2,283 full-time employees 1,417 billable consultants 800 client engagements serving: - 95 of the top 100 research organizations - 400 general counsel - 385 hospitals and medical centers 15+ global offices/document review centers NASDAQ Global Select Market / HURN Fast Facts
Slide 22: Huron Solutions in Detail
Huron Solutions in Detail Huron Healthcare Professional Services Strategy Huron Financial Clinical Documentation Improvement Records & Information Management Capital Advisory Clinical Operations Staffing Forensics & Litigation Compliance & Investigations Technology Implementation Operational Improve
Slide 23: Huron Leadership
Huron Leadership Jim Roth Diane Ratekin Mark Hussey Chief Executive Officer EVP & General Counsel & EVP, Chief Financial & President Secretary Officer & Treasurer Gordon Mountford Bob Rowe Laura Yaeger John DiDonato EVP, Huron Healthcare Managing Director, EVP, Huron Education Managing Director, Dis
Slide 24: Experience. Redefined.
Experience. Redefined. ®
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