Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q2 FY2021 Earnings Presentation
14 slides from Booz Allen Hamilton's earnings presentation, Oct 30, 2020
Slide 1: Earnings Call Presentation
EARNINGS CALL PRESENTATION Fiscal Year 2021, Second Quarter October 30, 2020
Slide 2: Call Participants
HORACIO ROZANSKI CALL President and Chief Executive Officer PARTICIPANTS LLOYD HOWELL, JR. Chief Financial Officer and Treasurer RUBUN DEY Director 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 SECOND QUARTER FISCAL YEAR 2021 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $2.0 billion 11.0% Increase $4.0 billion 9.1% Increase Revenue, Excluding Billable Expenses $1.4 billion 10.6% Increase $2.8 billion 10.5% Increase Adjusted EBITDA $228 million 19.2% Increase $441
Slide 5: Q2 FY'21 Performance
Q2 FY'21 PERFORMANCE ALIGNED WITH INVESTMENT THESIS UPDATED INVESTMENT THESIS Unique Market Position = Strong Financial Returns + Option Value – Investments in innovation, talent, FY'18 - FY'21 – Continued investment and capabilities position us to help in new business lines clients adopt current an
Slide 6: Key Financial Results
Page 4 intentionally repeated KEY FINANCIAL RESULTS SECOND QUARTER FISCAL YEAR 2021 RESULTS SECOND QUARTER (1) FIRST HALF (1) Revenue $2.0 billion 11.0% Increase $4.0 billion 9.1% Increase Revenue, Excluding Billable Expenses $1.4 billion 10.6% Increase $2.8 billion 10.5% Increase Adjusted EBITDA $2
Slide 7: Historical Backlog & Book-to-Bill
HISTORICAL BACKLOG & BOOK-TO-BILL BACKLOG ($ IN MILLIONS) (1) (4) (4) $24.6 (4) (4) $22.9 $23.0 $22.0 $23.0 $22.9 $21.4 $22.0 $21.9 $20.5 $20.4 $20.7 $19.3 $19.9 $16.7 $16.1 $17.0 $13.9 $13.2 $14.8 $12.4 $13.1 $12.4 $12.3 $12.8 $12.2 $9.6 $9.2 $10.1 $5.4 $6.2 $4.8 $5.3 $4.2 $4.5 $3.7 $4.4 $4.5 $4.7
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 – Deployed $73 million during the second quarter – $388 million of share rep
Slide 9: Financial Outlook
FINANCIAL OUTLOOK FULL YEAR FY'21 GUIDANCE OPERATING PERFORMANCE CURRENT PRIOR (Q1'21) Revenue Growth 7.0 - 9.0% 6.0 - 10.0% Adjusted EBITDA Margin on Revenue Low to mid 10% Approximately 10% Adjusted Diluted EPS $3.60 - $3.75 $3.40 - $3.60 Net Cash Provided by Operating $600 - $650 million $550 - $
Slide 10: Appendix
APPENDIX 10
Slide 11: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION • "Revenue, Excluding Billable Expenses" represents revenue less billable expenses. We use Revenue, Excluding Billable Expenses because it provides management useful information about the Company's operating performance by excluding the impact of costs that are not ind
Slide 12: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION Three Months Ended Six Months Ended September 30, September 30, (a) Represents the supplemental contribution to employees' dependent care FSA accounts in (In thousands, except share and per share data) 2020 2019 2020 2019 response to the COVID-19 outbreak. (Unaudited)
Slide 13: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Second Quarter Fiscal 2021 – Below is a summary of the key factors driving results for the fiscal 2021 second quarter ended September 30, 2020 as compared to the prior year period: • Revenue increased by 11.0% to $2.0 billion and Revenue, Excluding Billable Expenses i
Slide 14: Financial Results – Key Drivers
FINANCIAL RESULTS – KEY DRIVERS Six Months Ended September 30, 2020 – Below is a summary of the key factors driving results for the fiscal 2021 six months ended September 30, 2020 as compared to the prior year period: • Net cash provided by operating activities was $566.0 million for the six months
Booz Allen Hamilton Holding — Q2 FY2021 Earnings Presentation on 6ix