Fti Consulting, Inc. · NYSE:FCN

Fti Consulting — Q3 2024 Earnings Presentation

31 slides from Fti Consulting's earnings presentation, October 2024

  1. Slide 1: Investor Presentation

    Investor Presentation FTI Consulting, Inc. October 2024

  2. Slide 2: Cautionary Note about Forward-Looking Statements

    Cautionary Note about Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve uncertainties and risks. Forward-look

  3. Slide 3: FTI Consulting: Experts with Impact

    FTI Consulting: Experts with Impact FTI Consulting is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes FCN $7.2B 1982 8,300+ Publicly Equity Market Year Employees Traded Capitalization (1) Founded Worldwide 800+ 85 20 S

  4. Slide 4: Our Global Reach

    Our Global Reach With offices in 85 cities and 34 countries and territories, FTI Consulting has a presence in every major financial center and every corner of the globe, and we successfully serve our clients wherever challenges and opportunities arise. Office Locations The Americas Europe, Middle ■

  5. Slide 5: Investment Thesis

    Investment Thesis Leading global business advisory firm with strong people and strong positions: corporations, law firms and governments come to us when there is a critical need Organic growth strategy with an emphasis on profitable revenue growth Committed to building a profitable business with sus

  6. Slide 6: Business Snapshot: Five Segments, One Purpose

    Business Snapshot: Five Segments, One Purpose Forensic and Litigation Consulting ▪ Construction, Projects, Assets & Corporate Finance & Environmental Solutions Restructuring ▪ Data & Analytics ▪ Business Transformation ▪ Disputes ▪ Strategy ▪ Healthcare Risk Management & ▪ Transactions Advisory ▪ Tu

  7. Slide 7: Segment Snapshot

    Segment Snapshot Q3 2024 Segment Revenues Q3 2024 Total Adjusted Segment EBITDA (1) 9% 8% 12% 12% 37% 41% 24% 25% 18% 14% Corporate Finance & Restructuring Forensic and Litigation Consulting Economic Consulting Technology Strategic Communications (1) See accompanying financial tables and “End Notes:

  8. Slide 8: Corporate Finance & Restructuring

    Corporate Finance & Restructuring Services ▪ Business Transformation – Enterprise Transformation – Office of the CFO & Finance Transformation 26 – People & Change countries and – Revenue & Operations territories – Technology Transformation ▪ Strategy – Commercial Diligence – Commercial Excellence –

  9. Slide 9: Corporate Finance & Restructuring (continued)

    Corporate Finance & Restructuring (continued) Segment Offering Q3 2024 Key Financial Commentary Our Corporate Finance & Restructuring ▪ Revenues decreased $6.0 million, or 1.7%, to $341.5 million for the three months ended segment focuses on the strategic, September 30, 2024, primarily due to lower

  10. Slide 10: Forensic and Litigation Consulting

    Forensic and Litigation Consulting Services ▪ Construction, Projects, Assets & Environmental Solutions – Environmental Dispute Resolution – Expert Services in Delay, Disruption, Quantum & Damages – Project Delivery and Asset Management Advisory & Transformation 1,529 ▪ Data & Analytics – Anti-corrup

  11. Slide 11: Forensic and Litigation Consulting (continued)

    Forensic and Litigation Consulting (continued) Segment Offering Q3 2024 Key Financial Commentary Our Forensic and Litigation Consulting segment provides law firms, companies, ▪ Revenues increased $2.6 million, or 1.6%, to $168.8 million for the three months ended boards of directors, government enti

  12. Slide 12: Economic Consulting

    Economic Consulting Services ▪ Antitrust & Competition Economics – M&A-related Antitrust – Non-M&A-related Antitrust 19 ▪ Financial Economics countries – Contractual Claims – Rate Setting – Securities Litigation & Risk Management – Transfer Pricing – Valuation ▪ International Arbitration – Business

  13. Slide 13: Economic Consulting (continued)

    Economic Consulting (continued) Segment Offering Q3 2024 Key Financial Commentary Our Economic Consulting segment, including subsidiary Compass Lexecon LLC, provides ▪ Revenues increased $28.2 million, or 14.5%, to $222.0 million for the three months ended law firms, companies, government entities S

  14. Slide 14: Technology

    Technology Services ▪ Corporate Legal Department Consulting – Advisory on Governance, Policy, Standards and Execution – Advisory on Operational Efficiencies – Contract Services 18 – Legal Technology Selection and Implementation – Subscriptions and Managed Services countries ▪ E-discovery Services an

  15. Slide 15: Technology (continued)

    Technology (continued) Segment Offering Q3 2024 Key Financial Commentary Our Technology segment provides companies, law firms, private equity firms ▪ Revenues increased $11.5 million, or 11.7%, to $110.4 million for the three months ended and government entities with a September 30, 2024, primarily

  16. Slide 16: Strategic Communications Services

    Strategic Communications Services ▪ Corporate Reputation – Crisis & Issues Management – Cybersecurity & Data Privacy Communications 997 – Digital, Analytics & Insights professionals – ESG & Sustainability – Litigation Communications – People & Transformation ▪ Financial Communications – Corporate Go

  17. Slide 17: Strategic Communications (continued)

    Strategic Communications (continued) Segment Offering Q3 2024 Key Financial Commentary Our Strategic Communications segment develops and executes communications ▪ Revenues decreased $3.5 million, or 4.1%, to $83.3 million for the three months ended strategies to help management teams, September 30,

  18. Slide 18: Select Awards & Accolades

    Third Quarter 2024 Select Awards & Accolades 18

  19. Slide 19: Environmental, Social & Governance ("ESG"): Our Commitment & Progress

    Environmental, Social & Governance (“ESG”): Our Commitment & Progress FTI Consulting’s approach to ESG underscores our commitment to being Experts With Impact who make a positive difference for our clients and communities. Environmental Social Governance We strive to do our part in addressing climat

  20. Slide 20: Financial Overview

    Financial Overview im F. Fovsulrind

  21. Slide 21: FY 2021 – Q3 2024 and FY 2024 Guidance: Revenues

    FY 2021 – Q3 2024 and FY 2024 Guidance: Revenues $3,700 - $3,750 21

  22. Slide 22: FY 2021 – Q3 2024: Net Income and Adjusted EBITDA

    FY 2021 – Q3 2024: Net Income and Adjusted EBITDA Net Income Adjusted EBITDA (1) (2) (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliation of Adjusted EBITDA, which is a non-GAAP financial measure, to the most directly

  23. Slide 23: Earnings per Diluted Share and Adjusted Earnings per Diluted Share

    FY 2021 – Q3 2024 and FY 2024 Guidance: Earnings per Diluted Share and Adjusted Earnings per Diluted Share $7.90 - $8.35 (1) $7.90 - $8.35 (1) See accompanying financial tables and “End Notes: FTI Consulting Non-GAAP Financial Measures” for the definition and reconciliation of Adjusted Earnings per

  24. Slide 24: Select Cash Position and Capital Allocation

    Q3 2024, Q2 2024 and Q3 2023: Select Cash Position and Capital Allocation All numbers in thousands, except for DSO Q3 2024 Q2 2024 Q3 2023 Cash and cash equivalents $ 386,344 $ 226,428 $ 201,148 Accounts receivable, net $ 1,184,475 $ 1,190,521 $ 1,207,016 Days sales outstanding (“DSO”) (1) 108 105 1

  25. Slide 25: Financial Tables

    Fe Financial Tables Reconciliations of Non-GAAP Financial Measures

  26. Slide 26: Reconciliation of Net Income to Adjusted EBITDA

    Reconciliation of Net Income to Adjusted EBITDA (in thousands) Q3 2024 Q2 2024 Q1 2024 FY 2023 FY 2022 FY 2021 Net income $ 66,466 $ 83,947 $ 79,965 $ 274,892 $ 235,514 $ 234,966 Income tax provision 22,320 18,735 19,530 83,471 62,235 62,981 Interest income and other (1) 909 (1,909) (1,581) 4,867 (3

  27. Slide 27: Reconciliations of Net Income to Adjusted Net Income and Earnings per Diluted Share

    Reconciliations of Net Income to Adjusted Net Income and Earnings per Diluted Share to Adjusted Earnings per Diluted Share (in thousands, except for per share data) Q3 2024 Q2 2024 Q1 2024 FY 2023 FY 2022 FY 2021 Net income $ 66,466 $ 83,947 $ 79,965 $ 274,892 $ 235,514 $ 234,966 Add back: Special c

  28. Slide 28: Reconciliation of Net Income to Total Adjusted Segment EBITDA

    Reconciliation of Net Income to Total Adjusted Segment EBITDA (in thousands) Q3 2024 Net income $ 66,466 Add back: Income tax provision 22,320 Interest income and other 909 Interest expense 1,197 Unallocated corporate expenses 39,321 Segment depreciation expense 10,477 Amortization of intangible ass

  29. Slide 29: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow

    Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in thousands) Q3 2024 Q2 2024 Q3 2023 Net cash provided by operating activities $ 219,374 $ 135,226 $ 106,675 Purchases of property and equipment (7,047) (10,060) (14,199) Free Cash Flow (1) $ 212,327 $ 125,166 $ 92,476 (

  30. Slide 30: End Notes: FTI Consulting Non-GAAP Financial Measures

    End Notes: FTI Consulting Non-GAAP Financial Measures In this presentation, we sometimes use information derived from consolidated and segment financial information that may not be presented in our financial statements or prepared in accordance with generally accepted accounting principles in the Un

  31. Slide 31: Experts with Impact

    im F. TL CONSULTING Experts with Impact”

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