Icf International, Inc. · NASDAQ:ICFI
Icf International — Investor Presentation (August 2026)
23 slides from Icf International's investor presentation, August 2026
Slide 1: Investor Overview Q2 2026
Investor Overview Q2 2026
Slide 2: Cautionary statements
Cautionary statements Caution concerning forward-looking statements Note on Non-GAAP measures Statements that are not historical facts and involve known and unknown risks and uncertainties The information presented in this presentation regarding certain unaudited adjusted results and are "forward-lo
Slide 3: ICF: A Leading Global Solutions and Technology Provider
ICF: A Leading Global Solutions and Technology Provider Three key A diversified A robust An industry- A track record of growth drivers client base backlog leading win accretive rate acquisitions 3
Slide 4: Why We Win
ICF’s diversified, integrated business Why We Win model has been a key growth driver Deep domain expertise Technology and analytics Industry-leading scientific, technical, policy, Agile, flexible and lean engineering teams and engagement skills supplemented by developing customized AI-led solutions
Slide 5: 2025: Year of Transition, 2026: Return to Growth
2025: Year of Transition 2026: Return to Growth 5
Slide 6: ICF has a prominent position in areas benefiting from long-term secular tailwinds
We are differentiated by our ability ICF has a prominent position in areas to provide clients with a broad benefiting from long-term secular tailwinds range of domain expertise Rapidly growing electricity demand Increasing frequency and severity Demand for digital and AI-driven driving need for ener
Slide 7: Commercial Energy
Growth driver #1 Commercial Energy • Scaling leadership in commercial energy services for • Market share leadership in energy efficiency programs: ~35% of residential, ~20% utilities, power developers and other clients of commercial and industrial • ~$550M annual revenues, double-digit growth • Expe
Slide 8: Disaster Recovery and Mitigation
Growth driver #2 Disaster Recovery and Mitigation • Disaster recovery represents ~45% of • Leveraging our track record, technical expertise and technology capabilities to state and local revenue help state and local leaders tackle disaster challenges • Expect continued growth as disasters increase i
Slide 9: Technology Modernization
Growth driver #3 Technology Modernization • ICF is known for agile AI-led, customized • Combining expert-led teams with advanced solutions that drive measurable ROI for clients technology solutions to support greater demand for foundational data, cybersecurity • ~80% of ICF’s revenues in this market
Slide 10: Other Federal: Stabilizing with Higher-Value Focus
Other Federal: Stabilizing with Higher-Value Focus Driving pragmatic solutions in areas of import to federal government clients Maintaining Health and Social Programs knowledge and capabilities Pivoting to leverage Providing expertise in the opportunities at the context of a reduced federal intersec
Slide 11: Gaining Traction with European Commission and UK Government Clients
Gaining Traction with European Commission and UK Government Clients Strong demand from European Commission and UK government clients Winning large multi-year, single- source program delivery contracts Delivering deep policy Recent awards provide visibility for next several years expertise and citize
Slide 12: Diversified Client Base
Diversified Client Base 1 Diversified business model strengthens HHS 20% ICF’s resilience Commercial 34% DHS 4% Total Non-Federal Revenue 60% DOW 3% TREAS 2% Total Federal Revenue DOT 2% 40% U.S. State & Local DOE 1% 18% EPA 1% HUD 1% Other Fed 6% Non-U.S. Government 8% 1 Based on Q2 2026 H1 financi
Slide 13: Metrics That Support Future Growth
Metrics That Support Future Growth 1 Book-to-bill 1.09 Trailing twelve months Total backlog $3.3B at end Q2, 50% funded Pipeline $9.3B at end Q2 ~90% Recompete win rate 1 Based on Q2 2026 financials released on August 6, 2026. 13
Slide 14: Utilizing Strong Cash Flow to Support Accretive Acquisitions
Utilizing Strong Cash Flow to Support Accretive Acquisitions 4.5x 4.0x 3.5x 3.4x 3.0x 3.1x 3.1x 2.5x 2.7x 2.8x 2.6x 2.6x 2.6x 2.4x 2.4x 2.4x 2.0x 2.3x 2.2x 2.2x 2.1x 2.0x 2.0x 1.8x 1.9x 1.9x 1.5x 1.8x 1.7x 1.8x 1.6x 1.0x FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 0.5x $173 $110 $162 $152 $172 $
Slide 15: Financial performance
Financial performance
Slide 16: Track Record of Consistent Revenue and Earnings Performance
Track Record of Consistent Revenue and Earnings Performance Revenue1 EPS1 7.6% 4 yr. CAGR 15.6% 4 yr. CAGR – Non-GAAP (2020 – 2024) (2020 – 2024) $7.45 $2,020 $7.10 $1,963 $6.77 $1,925 $6.50 $1,873 $6.10 $5.77 $5.82 $1,780 $4.82 $4.95 $4.35 $4.17 $1,553 $3.72 $3.38 $1,507 $2.87 2020 2021 2022 2023 2
Slide 17: Q2 2026 Performance
Q2 2026 Performance Revenue ($ millions)1 EPS1 $3.61 $963.8 $3.36 $912.0 $1.86 $476.2 $474.5 $1.66 $2.72 $2.61 $1.28 $1.49 Q2 2025 Q2 2026 YTD 2025 YTD 2026 Q2 2025 Q2 2026 YTD 2025 YTD 2026 Total revenue GAAP EPS2 NON-GAAP EPS2 1 Based on Q2 2026 financials released on August 6, 2026. 2 GAAP EPS re
Slide 18: Capital Allocation and Operating Cash Flow
Capital Allocation and Operating Cash Flow Debt Repayment + Other 4 (2021 – 2026 guidance) CAPEX Share Repurchase Dividends ICF operating cash $171.5 flow guidance $162.2 $135.0 - $150.0 $10.5 $10.5 $152.4 $10.5 $141.9 $10.4 $110.2 $91.8 $10.6 $54.5 $106.0 $100.5 $59.7 $47.8 $55.3 $21.2 $19.1 $20.0
Slide 19: 2026 Guidance: Return to Growth
2026 Guidance: Return to Growth 1 Revenue GAAP EPS 2 Non-GAAP EPS 2 $1.89B – $1.96B $5.95 – $6.25 $6.95 – $7.25 +3% at the midpoint +5% at the midpoint 1 As of the Q2 2026 earnings call held on August 6, 2026. 2 GAAP EPS refers to U.S. GAAP Diluted EPS. Non-GAAP EPS refers to Non-GAAP Diluted EPS. 1
Slide 20: Our Roadmap for Long-term Value Creation
Our Roadmap for Long-term Value Creation Continue to prioritize Effectively deploy resources 1 growth areas 2 while maintaining disciplined cost management Make strategic and Maintain capital 3 accretive acquisitions 4 allocation priorities in areas we know 5 Continue to invest in 6 Make a uniquely
Slide 21: Appendix 1
Appendix 1 Three months ended – June 30, Six months ended – June 30, (in thousands, except per share amounts) 2026 2025 2026 2025 Reconciliation of EBITDA Net income $ 26,948 $ 23,661 $ 47,470 $ 50,512 Interest, net 6,765 8,422 13,474 15,759 Provision for income taxes 5,832 6,289 12,700 9,439 Deprec
Slide 22: Appendix 2
Appendix 2 (in thousands, except per share amounts) Reconciliation of EBITDA 2025 2024 2023 2022 2021 2020 Net income $ 91,588 $ 110,170 $ 82,612 $ 64,243 $ 71,132 $ 54,959 Interest, net 30,833 29,590 39,681 23,281 9,984 13,712 Provision for income taxes 20,405 27,888 13,935 19,737 28,958 19,714 Dep
Slide 23: IR Contact and Headquarters
IR Contact Headquarters Lynn Morgen 1902 Reston Metro Plaza Lynn.Morgen@advisiry.com Reston, Virginia, 20190 About ICF ICF (NASDAQ:ICFI) is a leading global solutions and technology provider. At ICF, business analysts and policy specialists work together with digital strategists, data scientists, an
ICF International — Investor Presentation (August 2026) on 6ix