Huron Consulting Group Inc. · NASDAQ:HURN

Huron Consulting — Investor Presentation (March 2026)

49 slides from Huron Consulting's investor presentation, March 2026

Slide 1: Huron Consulting Group Inc. Investor Presentation March 2026
Huron Consulting Group Inc. Investor Presentation March 2026 © 2026 Huron Consulting Group Inc. and affiliates.
Slide 2: Forward-Looking Statements
HURON | 2 Forward-Looking Statements Statements in this presentation that are not historical in nature, including those concerning the company’s current expectations about its future results, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amende
Slide 3: Use of non-GAAP financial measures
HURON | 3 Use of non-GAAP financial measures In evaluating the company’s financial performance and outlook, management uses earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted EBITDA, adjusted EBITDA as a percentage of revenues before reimbursable expenses, adjusted n
Slide 5: Focused on Serving Enduring End Markets; 2025 Financial Results
HURON | 5 Huron is a global professional services firm that collaborates with clients to put possible into practice by creating sound strategies, optimizing operations, accelerating digital transformation, and empowering businesses and their people to own their future. By embracing diverse perspecti
Slide 6: Our refreshed strategy for driving shareholder value
HURON | 6 Our refreshed strategy for driving shareholder value 1 2025+ Focus Leading Market Positions In Two Sustaining accelerated Critical Industries growth in Healthcare and Education Medium-term financial targets: 2025+ Focus 2 ----------------------------- Growing Our Business in Commercial Ex
Slide 7: Compelling mix of industry-differentiated offerings
HURON | 7 Compelling mix of industry-differentiated offerings Industries of Focus Healthcare Education Industrials and Financial Energy and Public Manufacturing Services Utilities Sector Capabilities Mix Consulting and Managed Services 2025 Revenues before Building on our long-term client relationsh
Slide 8: Our global enterprise platform and client-centric approach
HURON | 8 Our global enterprise platform is designed to provide a client-centric approach and bring the full breadth of Huron’s offerings to our industries of focus Commercial Industrials & Financial Other Healthcare Education Industry Industry Manufacturing Services Commercial Industry Industry Ind
Slide 9: Competitive advantage enabled by our collaborative culture and talented team
HURON | 9 Competitive advantage enabled by our distinct collaborative culture and highly talented and engaged team Forbes The Consulting Consulting Magazine Named a World's Best Report Management Named one of the Named Best Firm to Work For the last 15 years Consulting Firm in 2025 Top Consulting Fi
Slide 10: Our Market Opportunity and Growth Initiatives
Our Market Opportunity and Growth Initiatives © 2026 Huron Consulting Group Inc. and affiliates.
Slide 11: Operate in a large, growing industry with core end markets facing disruption
H U R O N | 11 Operate in a large, growing industry with core end markets facing significant disruption and/or regulatory change Total addressable market (TAM): $220B+ Healthcare(1) $63B Education(2) $35B Commercial Industries of Focus Financial Services(3) $23B Energy & Utilities(4) $22B Industrial
Slide 12: Healthcare segment
H U R O N | 12 Healthcare segment Our breadth of offerings creates a full-service partner, spanning strategy and innovation, operations, digital and human capital management RBR CAGR Our Portfolio of Offerings 2022 to 2025 • Performance Improvement • Strategy, Innovation & Growth • Advisory & Innova
Slide 13: A dynamic market environment
H U R O N | 13 A dynamic market environment The healthcare industry remains an attractive market where we are well positioned to build upon our leading market position as our clients’ trusted advisor Illustrative Challenges REGULATORY IMPACT Impacts Facing Our Clients RISE IN AI AND WORKFORCE NEW CA
Slide 14: Sustaining accelerated growth in healthcare
H U R O N | 14 Sustaining accelerated growth in healthcare We will continue to be nimble and innovative while leveraging our unique ability to bring the full breadth of our offerings to bear for our clients in order to enhance our competitive advantage in the market the Cor G Portfolio Enhancement n
Slide 15: Our Healthcare business is a market leader with strong growth potential
H U R O N | 15 Our Healthcare business is a market leader with strong growth potential Strong Client Proven, Demonstrated Growing End Sustaining Relationships Consistent Track Record of Market Growth Client Results Performance Our strong client The healthcare industry We have and will relationships
Slide 16: Education segment
HURON | 16 Education segment Our breadth of offerings creates a full-service partner, spanning strategy and operations, digital and organizational transformation RBR CAGR Our Portfolio of Offerings 2022 to 2025 • Digital Strategy • Strategy & Innovation • Athletics • ERP & EPM • Performance Improvem
Slide 17: A dynamic market environment
H U R O N | 17 A dynamic market environment The education industry remains an attractive end market as it faces potentially significant regulatory changes and an increasingly competitive landscape, which we believe play to our strengths given our scale and breadth of offerings Illustrative Challenge
Slide 18: Sustaining our accelerated growth trajectory
H U R O N | 18 Sustaining our accelerated growth trajectory We aim to increase our competitive advantage by building upon the strong foundation of our core business while further broadening our portfolio Portfolio Enhancement Portfolio Advancement • Further diversify our consulting • Evolve our offe
Slide 19: Our Education business is a market leader with strong growth potential
H U R O N | 19 Our Education business is a market leader with strong growth potential Clear Proven Growth Dynamic Market Sustaining Growth Differentiation Strategy The education industry is Trajectory Our strong client Our growth strategy and facing a dynamic We have and will continue relationships,
Slide 20: Commercial segment
HURON | 20 Commercial segment We are a focused partner with distinct competitive advantage across our offerings RBR CAGR Our Portfolio of Offerings 2022 to 2025 • Strategy & Innovation Industry- specific • Operating Model Design Across Industries Illustrative • Change Management • Digital Strategy •
Slide 21: A shifting competitive environment
H U R O N | 21 A shifting competitive environment Commercial industries face significant regulatory change and ongoing disruption as government mandates shift and the market landscape becomes increasingly competitive Illustrative Challenges Macroeconomic and Rise in AI and Physical and Digital Regul
Slide 22: Sustaining our accelerated growth trajectory
H U R O N | 22 Sustaining our accelerated growth trajectory We aim to increase our competitive advantage by building upon the strong foundation of our core business while further broadening our portfolio Portfolio Enhancement Portfolio Advancement • Invest further in current offering • Integrate our
Slide 23: Commercial segment points of unique competitive differentiation
H U R O N | 23 Our Commercial segment has points of unique competitive differentiation across offerings that we believe creates a solid foundation from which can achieve sustainable growth Distinct Focused Sectors, Meaningful Balanced Competitive Large Market Growth Potential Portfolio Advantages We
Slide 25: AI: The Opportunity For Huron
AI: The Opportunity For Huron H U R O N | 25 Huron’s focus is on serving blue chip clients in mission-critical, highly regulated industries or those facing 67% FY 2025 Outcomes-based, significant disruption, which requires a distinct understanding of our clients’ industries and business models, Fixe
Slide 26: AI: The Opportunity For Huron Continued (Healthcare, Education)
AI: The Opportunity For Huron Continued H U R O N | 26 Healthcare Operating Segment Education Operating Segment Regulatory & Business Complexity Regulatory & Business Complexity Segment Outcomes-based and Client Business Client Business Segment Fixed Fee and Recurring HIGH Recurring RBR as a % of To
Slide 27: AI: The Opportunity For Huron Continued (Commercial, Digital)
AI: The Opportunity For Huron Continued H U R O N | 27 Commercial Operating Segment Digital Capability Regulatory & Business Complexity Segment Fixed Fee, Outcomes- Digital Capability RBR by Capability Fixed Fee, Outcomes- Client Business based, and Recurring RBR as a % HIGH Technology Area based, a
Slide 29: Our proven results
Our proven results HURON | 29 Healthcare Education Financial Services Large, Multi-State Health System Large Public Research University Northeastern U.S. Regional Bank Client Challenges Client Challenges Client Challenges • Significant financial and environmental • Faced a significant increase in de
Slide 30: Putting AI to Work: Illustrative Examples
Putting AI to Work Illustrative Examples H U R O N | 30 Illustrative Examples Healthcare Education Commercial Enterprise Functions Clients are seeking AI strategy and advisory solutions in addition to AI implementation (ranging from data strategy and tool selection to workflow redesign and change ma
Slide 32: Revenues before Reimbursable Expenses (RBR)
Revenues before Reimbursable Expenses (RBR) FY 2021 to FY 2026 Guidance $2,000 $1,780 - $1,860 $1,800 16% CAGR (2021 to 2025) $1,663 $1,600 $1,486 $1,400 $1,362 $1,132 ($ in millions) $1,200 $1,000 $906 $800 $600 $400 $200 $- (1) 2021 2022 2023 2024 2025 2026 Guidance 1. Guidance noted in this prese
Slide 33: Net Income and Adjusted EBITDA
Net Income and Adjusted EBITDA(1) FY 2021 to FY 2026 Guidance Net Income & Net Income Margin $150 7.7% 8% 6.8% Net Income Margin 6.5% 6.2% 7% $125 6% ($ in millions) $117 Net Income $100 4.5% $105 5% $75 4% $76 $63 3% $50 $62 2% $25 1% $- 0% 2021 2022 2023 2024 2025 $350 Adjusted EBITDA & Adjusted E
Slide 34: Diluted and Adjusted Diluted Earnings Per Share
Diluted Earnings Per Share and Adjusted Diluted Earnings Per Share(1) FY 2021 to FY 2026 Guidance $8.00 Diluted Earnings per Share $6.27 $5.84 $6.00 $3.64 $4.00 $3.19 $2.89 $2.00 $- 2021 2022 2023 2024 2025 $10.00 Adjusted Diluted Earnings per Share(1) $8.35 - $9.15 $7.83 $8.00 $6.47 $6.00 $4.91 $3.
Slide 36: Strong growth algorithm poised to drive shareholder value creation
H U R O N | 36 Strong growth algorithm poised to drive shareholder value creation 1 RBR Growth Goal: Low double-digit percentage RBR growth, primarily Grow driven by mid-upper single digit organic growth Revenues Grow Adj. EBITDA Margin(1) Expansion Goal: Expand adj. EBITDA margin to Margins 15-17%
Slide 37: Expected to drive continued revenue growth
H U R O N | 37 Expected to drive continued revenue growth • Reaffirmed commitment to low Low Double Digit % double-digit percentage RBR growth driven by: RBR Growth Goals Grow • Dynamic and Achieved by: Revenues macroeconomically significant • Mid-upper single digit % organic RBR end markets expecte
Slide 38: Expected to drive continued margin expansion
H U R O N | 38 Expected to drive continued margin expansion Adj. EBITDA Margin(2) Expansion Goals • Reaching the 15 to 17% range by 2029 • Committed to Grow • Expansion of 50 to 75 bps per year reinvesting for growth Revenues while driving Free Cash Flow(2) Conversion Goal continued annual • Annual
Slide 39: Runway for continued margin expansion
H U R O N | 39 Runway for continued margin expansion Multiple pathways designed to support achieving our medium-term margin expansion goals Progress to date (2021 to 2025) Profitability Levers Opportunity Potential Medium-term Adj. EBITDA Margin Goal(3): • Increased project-level 15.0 – 17.0% contri
Slide 40: Flexible balance sheet and strong underlying free cash flows
H U R O N | 40 Flexible balance sheet and strong underlying free cash flows Balance Sheet Optimization Free Cash Flow(1) $250 20% $180 - $220 18% 2025 Leverage 1.9x Free Cash Flow Yield $200 16% Ratio(2) $169 $162 14% Free Cash Flow ($ in millions) $150 12% 10% $100 7.3% $100 8% 4.9% 5.2% 2025 capit
Slide 41: Strategic capital deployment framework
H U R O N | 41 Strategic capital deployment framework balances growth, flexibility and return of capital to shareholders Capital allocation strategy “North Stars” Target Free Cash Flow(1) Target Leverage Ratio of Guiding conversion of 75% of adj. 2.0x to 2.5x principles EBITDA (on average) Five-year
Slide 42: M&A to shape our growth trajectory through a programmatic strategy
H U R O N | 42 M&A is expected to continue to shape our growth trajectory through a programmatic strategy Our M&A Focus Proven M&A Approach • Well-defined enterprise and/or business unit strategy Portfolio Role Strategic Play alignment • Largely proprietary deal sourcing with some inbound pursuits C
Slide 43: Company Criteria for acquisitions
H U R O N | 43 Focused on identifying high quality, low risk opportunities that drive returns well in excess of WACC Revenue Potential at Scale Market Leadership Durable Organic Growth / Recurring Revenue Competitive Landscape Company Criteria Market Criteria Year 1 Margin and Investment Right to Wi
Slide 44: Expected to continue earnings growth
H U R O N | 44 Expected to continue earnings growth Grow Adj. Diluted EPS(2) Low double-digit RBR Growth Revenues Growth Goal + • Double adj. diluted EPS(2) Expand adj. EBITDA margin(2) to by 2029 15-17% by 2029 Grow Margins + & Cash Strong free cash flow(2) Flows FY 2026 Guidance(1)(2) conversion a
Slide 45: A clear and compelling investment thesis
H U R O N | 45 A clear and compelling investment thesis MEANINGFUL A PREEMINENT GROWTH EXPANSION OF CONTINUED STRONG BALANCE GLOBAL OPPORTUNITY IN INDUSTRY EXPERTISE MARGIN EXPANSION SHEET AND CASH CONSULTANCY AND OUR CORE AND CAPABILITIES OPPORTUNITY FLOW DIGITAL PARTNER INDUSTRIES Leading global O
Slide 47: Reconciliations of Non-GAAP Financial Measures
Reconciliations of Non-GAAP Financial Measures(1) H U R O N | 47 Reconciliation of net income to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) (in millions) 2021 2022 2023 2024 2025 Revenues before reimbursable expenses $ 906 $ 1,132 $ 1,362 $ 1,486 $ 1,663 Reimbur
Slide 48: Reconciliations of Non-GAAP Financial Measures
H U R O N | 48 Reconciliations of Non-GAAP Financial Measures(1) Reconciliation of net income (loss) from continuing operations to adjusted net income from continuing operations (in millions, except earnings per share) 2021 2022 2023 2024 2025 Net income $ 63 $ 76 $ 62 $ 117 $ 105 Weighted average s
Slide 49: Reconciliations of Non-GAAP Financial Measures
H U R O N | 49 Reconciliations of Non-GAAP Financial Measures(1) Reconciliation of cash from operating activities to free cash flow (in millions) 2021 2022 2023 2024 2025 Cash from operating activities $ 18 $ 85 $ 135 $ 201 $ 193 Less: Capital expenditures (16) (24) (35) (33) (31) Free cash flow $ 2

Huron Consulting Group — Investor Presentation (March 2026) on 6ix

Huron Consulting — Investor Presentation (March 2026)

Slide 1: Huron Consulting Group Inc. Investor Presentation March 2026

Slide 2: Forward-Looking Statements

Slide 3: Use of non-GAAP financial measures

Slide 4: Our Business

Slide 5: Focused on Serving Enduring End Markets; 2025 Financial Results

Slide 6: Our refreshed strategy for driving shareholder value

Slide 7: Compelling mix of industry-differentiated offerings

Slide 8: Our global enterprise platform and client-centric approach

Slide 9: Competitive advantage enabled by our collaborative culture and talented team

Slide 10: Our Market Opportunity and Growth Initiatives

Slide 11: Operate in a large, growing industry with core end markets facing disruption

Slide 12: Healthcare segment

Slide 13: A dynamic market environment

Slide 14: Sustaining accelerated growth in healthcare

Slide 15: Our Healthcare business is a market leader with strong growth potential

Slide 16: Education segment

Slide 17: A dynamic market environment

Slide 18: Sustaining our accelerated growth trajectory

Slide 19: Our Education business is a market leader with strong growth potential

Slide 20: Commercial segment

Slide 21: A shifting competitive environment

Slide 22: Sustaining our accelerated growth trajectory

Slide 23: Commercial segment points of unique competitive differentiation

Slide 24: AI: The Opportunity For Huron

Slide 25: AI: The Opportunity For Huron

Slide 26: AI: The Opportunity For Huron Continued (Healthcare, Education)

Slide 27: AI: The Opportunity For Huron Continued (Commercial, Digital)

Slide 28: Our Proven Results

Slide 29: Our proven results

Slide 30: Putting AI to Work: Illustrative Examples

Slide 31: Financial Overview

Slide 32: Revenues before Reimbursable Expenses (RBR)

Slide 33: Net Income and Adjusted EBITDA

Slide 34: Diluted and Adjusted Diluted Earnings Per Share

Slide 35: Financial Outlook

Slide 36: Strong growth algorithm poised to drive shareholder value creation

Slide 37: Expected to drive continued revenue growth

Slide 38: Expected to drive continued margin expansion

Slide 39: Runway for continued margin expansion

Slide 40: Flexible balance sheet and strong underlying free cash flows

Slide 41: Strategic capital deployment framework

Slide 42: M&A to shape our growth trajectory through a programmatic strategy

Slide 43: Company Criteria for acquisitions

Slide 44: Expected to continue earnings growth

Slide 45: A clear and compelling investment thesis

Slide 46: Appendix

Slide 47: Reconciliations of Non-GAAP Financial Measures

Slide 48: Reconciliations of Non-GAAP Financial Measures

Slide 49: Reconciliations of Non-GAAP Financial Measures