Science Applications International Corporation · NASDAQ:SAIC
Science Applications International — Q1 2025 Earnings Presentation
23 slides from Science Applications International's earnings presentation, Jun 3, 2024
Slide 1: Financial Results FY25 1Q Supplemental Financial Presentation
FINANCIAL RESULTS FY25 1Q SUPPLEMENTAL FINANCIAL PRESENTATION June 3, 2024
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,” “targets,” “antic
Slide 3: SAIC Enterprise Growth Strategy Overview
Strategy SAIC Enterprise Growth Strategy Overview SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED I 3
Slide 4: SAIC Fiscal Year 2027 Targets
SAIC Fiscal Year 2027 Targets REVENUE EBITDA* FREE CASH FLOW* $7.95B - $8.10B $750M – $780M $550M ~5% organic FY27 adj. EBITDA margin* revenue growth guidance of 9.4% - 9.6% ~$12/share * A non-GAAP financial measure. Such non-GAAP measure should be considered in addition to, not a substitute for, th
Slide 5: SAIC Investment Case
SAIC Investment Case TRACK RECORD OF DELIVERING Keen focus on consistent execution, transparency with investors, and aligning incentives ON COMMITMENTS with shareholder value drives strong track record CONSISTENT ORGANIC FY22 to FY27 average organic growth of ~3.5% supported by exposure to durable a
Slide 6: FY25 Q1 Results
FY25 Q1 RESULTS (1) ADJUSTED TRANSACTION-ADJUSTED REVENUE ADJUSTED EBITDA (2) DILUTED EPS (2) FREE CASH FLOW (2) $189 $76 $166 $2.14 $2,028 $1,847 $1.92 Fiscal 1Q +0.4% PRO- FORMA* $21 FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 * Excludes revenue of $188M in 1Q FY24 related to the Logistics & Supply Ch
Slide 7: Fiscal Year 2025 Guidance
Fiscal Year 2025 Guidance CURRENT FISCAL YEAR 2025 PRIOR FISCAL YEAR 2025 GUIDANCE GUIDANCE Revenue $7.35B - $7.50B $7.35B - $7.50B Pro-Forma Organic Growth ~2.5% ~2.5% Adjusted EBITDA(1) $680M - $700M $680M - $700M Adjusted EBITDA %(1) 9.2% - 9.4% 9.2% - 9.4% Adjusted Diluted EPS (1) $8.00 - $8.20
Slide 8: Solid Organic Revenue Growth Expected to Continue
Solid Organic Revenue Growth Expected to Continue 8.0% 7% 7.0% 6.0% ~ 5% 5.0% 4.0% ~ 3% 3.0% 3% ~ 2.5% 2.0% 2% 1.0% 0.0% FY22 FY23 FY24 FY25 Target FY26 Target FY27 Target SAIC Adjusted Organic Growth FY21 FY22 FY22 FY23 FY23 FY24 FY24 FY25 FY25 FY26 FY27 + + + + + + Revenues, as Reported $7,056 $7,
Slide 9: Multi-Year Financial Targets
Multi-Year Financial Targets FY24A FY25 FY26 FY27 $7.444B Revenue $7.35B - $7.50B $7.55B - $7.75B $7.95B - $8.10B ($7.26B excl. L&SCM) Organic Growth 7.4% 2% - 3% 2% - 4% 4% - 6% Adjusted EBITDA %* 9.0% 9.2% - 9.4% 9.3% - 9.5% 9.4% - 9.6% Adjusted EBITDA $668M ~$690M ~$720M ~$765M Adjusted Diluted E
Slide 10: SAIC Historical Share Repurchase Authorizations
SAIC Historical Share Repurchase Authorizations REPURCHASE AVG. ANNUALIZED INCREMENTAL TOTAL APPROXIMATE AVG. SHARES AVG. PRICE OF AUTHORIZATION AUTHORIZATION FCF** / SHARE SHARES ADDED TO “CURRENT” MONTHS TO REPURCHASED REPURCHASED DATE AS % OF DILUTED DURING AUTHORIZATION AUTHORIZATION COMPLETE PE
Slide 11: SAIC Historical Backlog and Book-to-Bill
SAIC Historical Backlog and Book-to-Bill Backlog TTM Book-to-Bill $25 2.5x Total Backlog ($ in billions) $20 2.0x $15 1.5x $10 1.0x $5 0.5x $0 0.0x F1Q19 F2Q19 F3Q19 F4Q19 F1Q20 F2Q20 F3Q20 F4Q20 F1Q21 F2Q21 F3Q21 F4Q21 F1Q22 F2Q22 F3Q22 F4Q22 F1Q23 F2Q23 F3Q23 F4Q23 F1Q24 F2Q24 F3Q24 F4Q24 F1Q25 DU
Slide 12: Appendix
Appendix
Slide 13: Working Days Per Quarter
Working Days Per Quarter Q1 Q2 Q3 Q4 Total FY25 64 62 63 60 249 FY24 64 62 63 60 249 FY23 64 62 63 65 254 FY22 64 63 63 60 250 FY21 64 63 63 60 250 FY20 64 63 63 60 250 FY19 64 63 63 60 250 SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED I 13
Slide 14: Payroll Cycles per Quarter
Payroll Cycles per Quarter Q1 Q2 Q3 Q4 Total FY25 7 6 7 6 26 FY24 7 6 7 6 26 FY23 6 7 6 7 26 SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED I 14
Slide 15: Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation – EBITDA and Adjusted EBITDA (1) EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA and adjusted operating income are pe
Slide 16: Non-GAAP Reconciliation – Adjusted Operating Income
Non-GAAP Reconciliation – Adjusted Operating Income (1) EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA and adjusted operating income are per
Slide 17: Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share
Non-GAAP Reconciliation – Adjusted Diluted Earnings per Share (1) Adjusted diluted earnings per share is a performance measure that excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs r
Slide 18: Non-GAAP Reconciliation – Free Cash Flow
Non-GAAP Reconciliation – Free Cash Flow (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain d
Slide 19: Non-GAAP Reconciliation – FY25 Free Cash Flow Guidance
Non-GAAP Reconciliation – FY25 Free Cash Flow Guidance (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sal
Slide 20: Unaudited Historical Segment Financials
Unaudited Historical Segment Financials (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain de
Slide 21: Unaudited Historical Segment Financials
Unaudited Historical Segment Financials (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain de
Slide 22: Unaudited Historical Segment Financials
Unaudited Historical Segment Financials (1) Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain de
Slide 23: Bring On Tomorrow
BRING ON TOMORROW, TAKING THE WORLD WHERE IT’S NEVER BEEN BEFORE. From the digital space to space defense, we move you forward SAIC.
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