Slide 1: Fourth Quarter and Fiscal Year 2008
1 David N. Walker Chief Financial Officer and Treasurer Fourth Quarter and Fiscal Year 2008 November 13, 2008
Slide 2: GAAP & Pro Forma Results From Continuing Operations
2 GAAP & Pro Forma Results From Continuing Operations GAAP results were in line with guidance. Q4 GAAP loss of $0.09 per diluted share and earnings for the full year of $1.55 Key financial metric: Pro forma earnings from continuing operations were $0.71 per diluted share for Q4 and $2.83 for the ful
Slide 3: Discontinued Operations
3 Discontinued Operations Discontinued operations reflect the divestment of Security Solutions, Unison, Asset Solutions, Justice Solutions and Education Systems Fourth quarter loss from discontinued operations was $10.2 million, or $0.54 per diluted share. Includes two items: An after-tax loss on di
Slide 4: Operations Segment
4 November 2008 Operations Segment Operations Segment is now 84% of total Company revenue Revenue increased 14% to $163.5 million in Q4 and increased 24% to $629.2 million for the full fiscal year compared to the same periods from last year Q4 Operating income totaled $22.2 million with an operating
Slide 5: Consulting Segment
5 November 2008 Consulting Segment Consulting represented 16% of total Company revenue Revenue totaled $25.5 million in Q4 and $115.9 million for the full fiscal year The Segment had a fourth quarter net loss of $2.1 million; the largest contributor to the loss was a $2.7 million year-end adjustment
Slide 6: Expenses & Margin
6 November 2008 Expenses & Margin With the divestments in fiscal 2008, expect SG&A as a percent of revenue will trend in the 15%-17% range Total Company margins consistently above 10% management target Meeting commitments to shareholders which better positions the business for creating long-term sha
Slide 7: Balance Sheet
7 November 2008 Balance Sheet Cash and cash equivalents at September 30, 2008 totaled $120.6 million Active share repurchases with one million shares purchased for approximately $34.1 million In September $14.1 million to purchase 386,000 shares Following quarter close, completed a 10B5-1 plan and p
Slide 8: Cash Flow
8 Net cash from continuing operations totaled $9.0 million for Q4 and $51.7 million for the full fiscal year Free cash flow from continuing operations (cash from operations less purchased property and equipment and capitalized software) was $5.2 million for Q4 and $36.3 million for the full fiscal y
Slide 9: Currency Fluctuations & Guidance
9 Currency Fluctuations & Guidance FY 2009 revenue will be impacted by volatile currency exchange trends as a result of the strengthening dollar Average decline for October and November of 24% in Australia and 10% in Canada Not an economic issue, isolated to exchange rates Reset guidance model to re
Slide 10: Fourth Quarter and Fiscal Year 2008
10 Richard A. Montoni President and Chief Executive Officer Fourth Quarter and Fiscal Year 2008 November 13, 2008
Slide 11: Leading Health & Human Services Pure-Play
11 November 2008 Leading Health & Human Services Pure-Play Accomplishments in FY 08 set the foundation for FY 09 and beyond Entering fiscal 2009 repositioned to focus on core health and human services business Outlook for 2009 is on target 87% of projected revenue for FY 09 is in the form of backlog
Slide 12: A Formula for Success
12 November 2008 A Formula for Success Cultural shift towards targeted growth, focused retention, and execution excellence Investments in infrastructure as we become a more collaborative organization Installation of a new ERP system Integrated support functions to meet operational teams’ needs Empha
Slide 13: Business Segments
13 November 2008 Business Segments Consulting Focus on improving program operations and overall program performance Creates and supports a pipeline of relationships and opportunities for our core Operations businesses Operations Financial results are inline with our expectations Encouraging long-ter
Slide 14: The New Political Landscape
14 November 2008 The New Political Landscape Obama administration likely to support the health and human services programs we administer Increasing opportunities in programs addressing the needs of the low to moderate income population: early childhood development, and sustainable employment SCHIP R
Slide 15: Opportunities for MAXIMUS
15 November 2008 Opportunities for MAXIMUS States will increasingly turn to managed care as a means to control costs of healthcare delivery MAXIMUS leads the industry in providing Medicaid Managed Care enrollment broker services to nearly two-thirds of beneficiaries in states using contracted enroll
Slide 16: New Sales Awards and Pipeline
16 November 2008 New Sales Awards and Pipeline Over 87% of projected revenues for FY 09 is in the form of backlog Backlog of $1.4 billion and pipeline totaling $1.8 billion
Slide 17: Rebids and Option Years
17 November 2008 Rebids and Option Years Fiscal Year 2008 Won or received extensions on 94% of the value of our rebids Exited the year with 100% of options years won or extended Fiscal Year 2009 14 rebids worth a total of $452 million 17 option-year periods worth a total of $197 million
Slide 18: Strong Capital Position
18 November 2008 Strong Capital Position MAXIMUS maintains strong balance sheets and financial wherewithal during this economic environment $120.6 million in cash at September 30, 2008 No debt MAXIMUS continues to generate strong cash flows and deploy capital to shareholders Plan to continue to pay