Huron Consulting : Financial Report (ceb49213 5fff 43c0 b7f3 58dbe13759eb)

About this update from Huron Consulting Group Inc.

Huron Consulting Group Inc. Investor Presentation March 2026 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 net income, adjusted diluted earnings per share, free cash flow and free cash flow yield which are non-GAAP financial measures. Management uses these non-GAAP financial measures to gain an understanding of the company's comparative operating performance (when comparing such results with previous periods or forecasts). These non-GAAP financial measures are used by management in their financial and operating decision making because management believes they reflect the company's ongoing business in a manner that allows for meaningful period-to-period comparisons. Management also uses these non-GAAP financial measures when publicly providing the company's business outlook, for internal management purposes, and as a basis for evaluating potential acquisitions and dispositions. Management believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Huron's current operating performance and future prospects in the same manner as management does, if they so choose, and in comparing in a consistent manner Huron's current financial results with Huron's past financial results. Investors should recognize that these non-GAAP financial measures might not be comparable to similarly titled measures of other companies. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance, cash flows or liquidity prepared in accordance with accounting principles generally accepted in the United States. Management has provided its outlook regarding adjusted EBITDA and adjusted diluted earnings per share, both of which are non-GAAP financial measures and exclude certain charges. Management has not reconciled these non- GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items is not provided. Management is unable to provide guidance for these reconciling items because they cannot determine their probable significance, as certain items are outside of the company's control and cannot be reasonably predicted since these items could vary significantly from period to period. Accordingly, reconciliations to the corresponding GAAP financial measures are not available without unreasonable effort. © 2026 Huron Consulting Group Inc. and affiliates. Our Business 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 perspectives, encouraging new ideas and challenging the status quo, we create sustainable results for the organizations we serve. Focused on Serving Enduring End Markets 2025 Financial Results Demonstrate Strong Execution of our Strategy Companywide Highlights 12% 80 bps 21% RBR growth year-over-year Adjusted EBITDA margin (2) growth year-over-year Adjusted Diluted EPS (2) growth year-over-year Segment and Capability RBR Highlights 11% 6% 27% 10% Healthcare segment growth year-over-year Education segment growth year-over-year Commercial segment growth year-over-year Digital capability growth year-over-year 2025 Revenues before Reimbursable Expenses (RBR) by Segment Commercial (1) 20% Education 30% $1.66B Healthcare 50% 41% of 2025 RBR derived from our Digital capability Commercial segment includes financial services, industrials and manufacturing, energy and utilities, and all other industries outside of Healthcare and Education. See Appendix for a reconciliation of adjusted EBITDA margin and adjusted diluted EPS, both of which are non-GAAP financial measures. © 2026 Huron Consulting Group Inc. and affiliates. Our refreshed strategy for driving shareholder value Medium-term financial targets: ----------------------------- Low double-digit percentage annual RBR growth Expand adj. EBITDA margin (1) to 15-17% by 2029 Convert 75% of annual adj. EBITDA to free cash flow (1) Double adj. diluted EPS (1) by 2029 2025+ Focus Sustaining accelerated growth in Healthcare and Education Leading Market Positions In Two Critical Industries 1 2025+ Focus Expanding capabilities through targeted organic hiring and programmatic M&A Growing Our Business in Commercial Industries 2 2025+ Focus Enhancing our portfolio to drive even greater client impact Growing Global Digital Capability 3 2025+ Focus Expanding margins while driving greater reinvestment to fuel organic growth Solid Foundation for Margin Expansion and Organic Reinvestment 4 Strong Balance Sheet and Cash Flows 2025+ Focus Returning capital to shareholders while executing programmatic M&A 5 1. See Appendix for the reconciliations of our non-GAAP financial measures to the most comparable GAAP financial measures. Management has not reconciled these non-GAAP financial measure goals to the corresponding GAAP financial measure goals because goals for the various reconciling items are not available without unreasonable effort. © 2026 Huron Consulting Group Inc. and affiliates. Compelling mix of industry-differentiated offerings Industries of Focus Healthcare Education Industrials and Manufacturing Financial Services Energy and Utilities Public Sector Consulting and Managed Services Building on our long-term client relationships to help address a variety of strategic, operational, financial, people and organizational-related challenges by providing an array of consulting, managed services and outsourcing services that best address their unique needs. Capabilities Mix 2025 Revenues before Reimbursable Expenses (RBR) Digital Helping organizations: (i) design and execute technology, data and analytic strategies that accelerate transformation, facilitate data-driven decision making, and improve the customer and employee experience and (ii) implement our industry-focused proprietary software products. Consulting and Managed Services 59% Digital 41% 87% of Digital RBR in 2025 was comprised of technology services revenue 13% of Digital RBR in 2025 was comprised of technology product revenue 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 Education Industry Financial Services Industry Creates a platform for focused growth in the commercial industries MANAGED SERVICES FINANCIAL ADVISORY ORGANIZATIONAL AND PEOPLE TRANSFORMATION STRATEGY AND OPERATIONS GLOBAL DELIVERY PLATFORM DIGITAL Other Commercial Industries Industrials & Manufacturing Industry Healthcare Industry Commercial Industry Aligned under a common goto-market strategy across all of our firm-wide offerings in each industry with greater accountability to achieve our industry growth goals Capability Aligned common capabilities across the enterprise to better drive operating efficiencies and elevate our collective market position across Consulting, Digital, and Managed Services Competitive advantage enabled by our distinct collaborative culture and highly talented and engaged team The Consulting Report Named one of the Top Consulting Firms of 2025 Consulting Magazine Named Best Firm to Work For the last 15 years and honored as Rising Star for Mentoring and Enrichment and Recruiting and Retention programs Forbes Named a World's Best Management Consulting Firm in 2025 and Best-in-State Employer in Illinois Glassdoor's Best Places to Work Great Place to Work Handshake Early Talent Award Management Consulted Recognized as one of Glassdoor's Best Places to Work for the second consecutive year APR 2025-APR 2026 USA APR 2025-APR 2026 CANADA APR 2025-APR 2026 INDIA APR 2025-APR 2026 UK APR 2025-APR 2026 SG Certified by Great Place To Work ® in the U.S., Canada, India, Singapore, and the U.K. Recognized as a best place for Gen Z to start their careers Recognized as top consulting firm in the industry Time US News & World Report Vault Consulting Named one of Named one of the Best Recognized as one of America's 2025 Best Companies to work for in the North America's Most Midsized Companies, Midwest and in Consulting Prestigious Consulting ranking 163 out of 500 companies and Human Resources Firms Our Market Opportunity and Growth Initiatives Operate in a large, growing industry with core end markets facing significant disruption and/or regulatory change Total addressable market (TAM): $220B+ Education (2) $35B Healthcare (1) $63B Commercial Industries of Focus Financial Services (3) $23B Energy & Utilities (4) $22B Industrials & Manufacturing (5) $43B Public Sector (6) $36B Internal analysis coupled with data from IBIS World's Healthcare Consultants report dated September 2024 and Markets and Markets Revenue Cycle Management/RCM Market Global Forecast to 2026 dated August 2021. Gartner Enterprise IT Spending 2025 HLS Outlook dated January 2025. Internal analysis coupled with data from the Integrated Postsecondary Education System (IPEDS), Gartner's 2023 Outlook Presentation: Enterprise IT Spending Forecast, and HERD and NIH Funding data. Internal analysis coupled with data from Gartner Enterprise IT Spending 2024 Outlook dated September 2023. Internal analysis coupled with data from IBIS World's Energy & Utility Consulting Services report dated August 2024 and Gartner Enterprise IT Spending 2025 Outlook by vertical dated January 2025. Internal analysis coupled with data IBIS World's Distribution & Logistics Consulting Services report dated December 2024 and Gartner Enterprise IT Spending 2024 Outlook by vertical dated September 2023. Internal analysis coupled with data from Gartner Enterprise IT Spending 2025 Outlook by vertical dated January 2025. © 2026 Huron Consulting Group Inc. and affiliates. Healthcare segment Our breadth of offerings creates a full-service partner, spanning strategy and innovation, operations, digital and human capital management RBR CAGR 2022 to 2025 Our Portfolio of Offerings Performance Improvement • Strategy, Innovation & Growth Advisory & Innovation Revenue Cycle, Managed • Financial Advisory Services Consulting & Managed Services 19% Data Mgmt & Governance Electronic Health Records (EHR) ERP & EPM Customer Relationship Mgmt (CRM) Intelligent Automation & Transformational Care & CDI Operations & Cost Optimization Physician Enterprise & Access to Care Care Transformation Consulting Human Capital Management Patient Experience Revenue Cycle Digital 8% Tech Application Managed Services Advanced Analytics, AI & Insights Digital Healthcare Segment Managed Services Interim Leadership 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 M&A ACTIVITY likely to increase due to market opportunities CHANGING DEMOGRAPHICS with an aging population and a rise in chronic diseases, drives increasing need TALENT CHALLENGES around recruitment and retention, along with unionization, persist DIGITAL TRANSFORMATION is needed to maintain security, improve care outcomes, and alleviate cost pressures REGULATORY IMPACT Impacts Facing Our Clients Changes in clinical reimbursement models Changes to Medicaid eligibility and Medicare reimbursement Reduced federal research funding and fewer clinical trials Changes to the pharmacy 340b program Increased scrutiny on tax exempt status Illustrative Challenges FINANCIAL STRAIN driven by reimbursement changes, cost pressures, & payor dynamics RISE IN AI AND AUTOMATION is reshaping operations, driving new efficiencies and requiring human-centered adoption WORKFORCE DISRUPTION & INFLATION is ongoing and specific to wages and supplies NEW CARE DELIVERY MODELS & TECHNOLOGIES focused outside the four walls of the hospital 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 Portfolio Advancement Sustain and enhance leading market position in Performance Improvement Grow market share in our core digital offerings Further diversify our consulting portfolio by adding new, adjacent offerings Leverage AI to help drive even faster speed to value and realization of greater financial benefit across our offerings Portfolio Enhancement Accelerate growth in both digital and revenue cycle managed services to capitalize on our unique market positioning Invest further in key areas, including emerging advanced technologies such as automation, analytics and AI Portfolio Expansion Broaden reach by expanding deeper into the payor and private equity markets Our Healthcare business is a market leader with strong growth potential Our strong client relationships and deep industry expertise drive our competitive differentiation, which is difficult to replicate Strong Client Relationships Proven, Consistent Client Results With the strength and depth of our portfolio, we consistently deliver positive outcomes to help our clients achieve their goals and enhance their long-term success . Demonstrated Track Record of Performance Our strategy of enhancing our core business while further diversifying our portfolio has demonstrated sustainable revenue growth and margin expansion The healthcare industry remains an attractive, market where we are well-positioned to address current market dynamics and looming financial distress as our clients' trusted advisor Growing End Market We have and will continue to organically and inorganically expand our portfolio into new and existing markets to enhance our competitive advantage and grow our wallet share and addressable market Sustaining Growth Education segment Our breadth of offerings creates a full-service partner, spanning strategy and operations, digital and organizational transformation RBR CAGR 2022 to 2025 Our Portfolio of Offerings Consulting & Managed Services 10% Digital Strategy ERP & EPM Student Information Systems (SIS) CRM Automation, Analytics & AI eProcurement Travel & Expense Huron Research Strategy & Innovation Performance Improvement Finance & Operations Advancement & Fundraising Consulting Athletics Research Enterprise Compliance & Risk Mgmt Student & Alumni Experience People & Organization Research Digital 13% Suite Huron Higher Ed Performance Analytics Application Managed Services Digital Education Segment Managed Services Administration Clinical Trials Student Search Interim Leadership 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 REGULATORY IMPACT Impacts Facing Our Clients Increased scrutiny and significant changes at the federal and state levels, including at the Department of Education Reduced federal research funding Deregulation at the federal and regional accreditation levels Changes in immigration policies affecting students and faculty Increases to the endowment tax Illustrative Challenges Cloud Migration remains a key priority in the digital transformation of higher education Prevalence and Application of AI continues to grow Interconnected Challenges including enrollment declines, leadership instability, financial pressures, and brand erosion, increase the need for change Workforce Ready Academic Portfolio continues to be evaluated in order to prepare students for the jobs of tomorrow Research Integrity has become a key priority driven by an increasing enforcement environment and heightened risk of reputational and financial impact Talent Challenges related to recruitment and retention, along with unionization, persist 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 offering portfolio to address the current needs of our clients given the dynamic regulatory environment Advance our core offerings to strengthen our competitive advantage Continue to leverage our One Huron go-to-market approach across all offerings Leverage AI to help drive even faster speed to value and realization of greater financial benefit across our offerings Continue to attract strong talent from industry to bolster our team and expertise and digital portfolio by adding new, adjacent offerings Invest further in key areas, including emerging advanced technologies such as automation, analytics and AI Deepen our offerings in the student and academic enterprise Portfolio Expansion Continue expansion into new end markets (e.g., middle enterprise, community colleges) and new geographies Our Education business is a market leader with strong growth potential Clear Differentiation Our strong client relationships, deep credentials and industry experience drive our competitive differentiation, which is difficult to replicate Proven Growth Strategy Our growth strategy and the solid execution of that strategy has consistently demonstrated sustainable revenue growth and margin expansion Dynamic Market The education industry is facing a dynamic regulatory environment and competitive landscape , which we believe will create demand and play to our strengths given our scaled competitive advantage Sustaining Growth Trajectory We have and will continue to organically and inorganically expand our portfolio into new and existing markets to enhance our competitive advantage and grow our wallet share and addressable market Commercial segment We are a focused partner with distinct competitive advantage across our offerings RBR CAGR 2022 to 2025 Our Portfolio of Offerings Consulting & Managed Services 7% Across Industries Digital Strategy ERP & EPM Supply Chain Management CRM Automation, Analytics & AI Industry-specific Illustrative Financial Crime and Compliance Enterprise Asset Mgmt Consulting Strategy & Innovation Operating Model Design Change Management Supply Chain Optimization Restructuring & Turnaround Performance Improvement Digital 13% Enterprise Data Management Application Managed Services Digital Commercial Segment Managed Services Financial Crimes and Fraud Financial Risk and Compliance A shifting competitive environment Commercial industries face significant regulatory change and ongoing disruption as government mandates shift and the market landscape becomes increasingly competitive REGULATORY IMPACT Impacts Facing Our Clients Shifting tariff framework impacting supply chains and costs Evolving interest rate environment Potential deregulation in certain areas at the federal and state levels Illustrative Challenges Macroeconomic and Regulatory Uncertainty is driving the need for greater strategic planning, data and analytics, and operational optimization to be able to best navigate disruptions as they arise Rise in AI and Automation is reshaping how companies deliver products and services and how they operate, driving new efficiencies and requiring reimagined business models Physical and Digital Worlds Converging as digital agents enhance technology adoption, bridge skill gaps, and enable greater agility and seamless integration Tariffs and Supply Chain Uncertainty are intensifying financial pressures, demanding faster innovation and greater operational efficiency Data-driven Decision Making enabled by the rise in data and analytics accelerates time to value and improved business outcomes Competitive Shifts are increasing, driving revenue growth pressure and financial strain, which pushes organizations to innovate and optimize their operations 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 strategy and operations consulting and digital offerings to further strengthen our distinct competitive advantage and innovate to best serve our clients Sustain and enhance our strong market positions in our core offerings across Digital, Financial Advisory and Strategy & Innovation Leverage AI to help drive even faster speed to value and realization of greater financial benefit across our offerings Continue to leverage our One Huron go-to-market approach across all offerings adjacencies - similar to the AXIA acquisition Invest further in key areas, including emerging advanced technologies such as automation, analytics and AI Enhance our industry expertise and offering set in our core industries of focus Portfolio Expansion Extend offerings into new parts of the market (e.g., strategy to operations consulting, back office to front and middle office technology platforms, etc.) Leverage global client base in digital and current international work to strategically expand our geographic reach 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 Competitive Advantages Within Commercial, each business has a distinct competitive advantage within their market that we believe creates a strong foundation for future growth Focused Sectors, Large Market We are focused on serving industries facing significant regulatory change or disruption, which have a TAM of greater than $120B+ (1) Meaningful Growth Potential Significant growth opportunities to further gain share or expand our addressable market as we strengthen our industry expertise and broaden our offering portfolio through organic and inorganic investment Balanced Portfolio Commercial plays a key role in diversifying the overall Huron portfolio providing new avenues for growth while creating an important balance to our healthcare and education focus 1. See page 11 of this presentation for additional details. © 2026 Huron Consulting Group Inc. and affiliates. AI: The Opportunity For Huron AI: The Opportunity For Huron HURON | 25 Huron's focus is on serving blue chip clients in mission-critical, highly regulated industries or those facing significant disruption , which requires a distinct understanding of our clients' industries and business models, deep functional and operational knowledge, and a people-first approach to drive sustainable transformation 67% FY 2025 Outcomes-based, Fixed Fee, and Recurring RBR as a % of Total Company RBR Enhancing Value Delivered to Clients Leverage AI to drive greater financial benefit and value realization and/or increasing speed to value for our consulting, digital and managed services clients, further strengthening the ROI of their investments 2 Strengthening Our Core 1 Advancing Our Competitive Differentiation Extend our current offerings using AI and building accelerators leveraging our distinct IP to strengthen our competitive differentiation and expand our wallet share Our Differentiators Deep industry, functional and technical expertise that enables us to uniquely create integrated solutions to address our clients' strategic, operational, financial, and technological challenges in essential areas Broad digital portfolio to shape custom solutions that are designed to maximize existing investments, optimize new investments, and deliver ROI for our clients Demonstrable workforce transformation experience to help clients deliver the right team and change management efforts to sustain their desired outcomes Proven track record of agility and nimbleness given collaborative culture and scale Huron can meet clients where they are on their strategic, operational and technical journeys, including how they leverage AI, to deliver on their goals AI provides transformational solutions that strengthen our ability to address the complex issues facing our clients , which remain and range from strategic repositioning and financial pressures to operational optimization and workforce challenges. Leveraging our expertise, depth of experience, and nimble, collaborative culture, we believe we are uniquely positioned to provide our integrated portfolio of offerings to drive tangible, proven results. Growing Our Addressable Market 3 Growing AI Services and Solutions Continue to act as our clients' trusted partner to deliver AI-focused offerings, including AI strategy and governance, data strategy and modernization, AI-enabled process redesign, AI and agent use case development, AI pilots, scaled implementation and orchestration, risk management, operating model design and change management 4 Expanding Technology Partner Ecosystem Broaden our partner ecosystem to additional advanced technology vendors (e.g., Microsoft, Hippocratic AI, etc.) and extend our global go-to-market reach Optimizing Our Operations Optimizing Client Delivery & Internal Operations Continue to leverage AI, intelligent automation and advanced analytics to support margin expansion by reducing the cost of delivery of our client-facing and internal operations 5 © 2026 Huron Consulting Group Inc. and affiliates. AI: The Opportunity For Huron Continued HURON | 26 Healthcare Operating Segment Education Operating Segment Client Business Profile Regulatory & Business Complexity HIGH Huron RBR Profile (1) Segment Outcomes-based and Recurring RBR as a % of Total Segment RBR 89% Increased from 73% in 2022 (2) Client Business Profile (1) Regulatory & Business Complexity HIGH Huron RBR Profile (1) Segment Fixed Fee and Recurring RBR as a % of Total Segment RBR 48% Increased from 37% in 2022 (2) Human Centricity HIGH Human Centricity HIGH Criticality of Client's AI Failure CRITICAL Criticality of Client's AI Failure HIGH AI Opportunities Developing industry-specific, productized • Leveraging AI to drive greater financial • Further enhancing our Huron Research Leveraging AI to drive even greater AI solutions designed to fill whitespace in benefit in performance improvement Suite software features using AI to help revenue cycle yield and cost benefit the market engagements drive stronger client outcomes realization for our consulting and • Launching strategic collaborations with • Delivering AI-led or AI-enabled • Launching strategic collaborations with managed services clients select healthcare-focused AI vendors as engagements from strategy, governance, select education and research-focused Delivering AI-led or AI-enabled their preferred implementation partner and data modernization and AI pilots, AI vendors as their preferred engagements from strategy, to deploy differentiated solutions scaling implementation, and managed implementation partner to deploy services via point solutions and end-to-end differentiated solutions governance, and data modernization and • Actively deploying AI and automation to transformation • Actively deploying AI and automation to AI pilots, scaling implementation, and help drive speed to value and/or • Developing industry-specific, help drive speed to value and/or managed services via point solutions and increased productivity across consulting, productized AI solutions designed to fill increased productivity across consulting, end-to-end transformation digital and managed services whitespace in the market, including co- digital and managed services engagements development with clients engagements AI-focused Right to Win Right to Win Extensive client relationships across the healthcare and education industries An agnostic trusted advisor to help clients reconcile the rapidly evolving AI and technology landscape with their distinct opportunities and challenges Deep industry, functional and technical expertise that enables us to uniquely create integrated solutions to address the clients' strategic, operational, financial, and technological challenges Broad digital expertise to shape custom solutions that are designed to maximize existing investments, optimize new investments, and deliver ROI for our clients Demonstrable workforce transformation experience to help clients deliver the right team and change management efforts to sustain their desired outcomes Leveraging managed services capabilities to innovate new AI and automation-focused solutions designed to deliver greater value for our consulting offerings or sell directly to clients AI: The Opportunity For Huron Continued HURON | 27 Commercial Operating Segment Digital Capability Client Business Profile Regulatory & Business Complexity HIGH Huron RBR Profile (1) Segment Fixed Fee, Outcomes-based, and Recurring RBR as a % of Total Segment RBR 43% Steady over time and expected to increase Huron RBR Profile (1) Digital Capability RBR by Technology Area Data, Analytics & Intelligent Automation 8% Industry-specific Platforms 12% Proprietary Industry- Software agnostic Products 13% Platforms 67% Huron RBR Profile (1) Capability Fixed Fee, Outcomes-based, and Recurring RBR as a % of Total Capability RBR Human Centricity VARIES 55% Criticality of Client's AI Failure VARIES Increased from 40% in 2022 (2) AI Opportunities Redesigning functions and processes with AI and automation-first approaches to drive long-term performance and agility Delivering AI-led or AI-enabled engagements from strategy, governance, and data modernization and AI pilots, scaling implementation, and managed services via point solutions and end-to-end transformation Building proven methodologies, workflows and industry expertise into AI-enabled services with productized execution Further enhancing industry and functional expertise to drive even greater market penetration and competitive differentiation Actively deploying AI and automation to help drive speed to value and/or increased productivity across consulting, digital and managed services engagements Delivering AI-led or AI-enabled engagements from strategy, governance, and data modernization and AI pilots, scaling implementation, and managed services via point solutions and end-to-end transformation Building proven methodologies, workflows and industry expertise into AI-enabled services with productized execution Broaden AI ecosystem partnerships to best serve clients and extend go-to-market approach Accelerating digital transformation through persona-driven, orchestrated AI-architectures across GenAI, data, and enterprise platform-embedded AI Expected to continue reducing cost of delivery and/or increasing speed to value by deploying AI and automation solutions (core platform, third-party and proprietary tools) AI-focused Right to Win Right to Win An agnostic trusted advisor to help clients reconcile the rapidly evolving AI and technology landscape with their distinct opportunities and challenges Deep industry, functional and technical expertise that enables us to uniquely create integrated solutions to address the clients' strategic, operational, financial, and technological challenges Broad digital expertise to shape custom solutions that are designed to maximize existing investments, optimize new investments, and deliver ROI for our clients Demonstrable workforce transformation experience to help clients deliver the right team and change management efforts to sustain their desired outcomes Right to Win Deep industry, functional and technical expertise that enables us to uniquely create integrated solutions to address the clients' strategic, operational, financial, and technological challenges Continue to deliver integrated solutions that unite deep industry expertise, multi-disciplinary capabilities, process domain knowledge, and advanced technologies to help solve our clients' most complex challenges Leverage multi-technology solutions across core platforms, data platforms, advanced technologies, and custom development to help optimize investments and drive ROI Our Proven Results Our proven results HURON | 29 Healthcare Large, Multi-State Health System Client Challenges Significant financial and environmental pressures Incurred operating losses at a rate of $1M per day, putting key investments at risk Huron's Approach 'Dual Transformation' approach Drove rapid, incremental operational and clinical improvement to achieve near-term margins Repositioned to drive long-term growth through new clinical programs, redesigned care model, and asset repositioning Results Annual recurring financial benefit of $500M+ Achieved positive operating income in just two quarters Redesigned operating model enabled the organization to succeed as an integrated system Education Large Public Research University Client Challenges Faced a significant increase in demand in college admissions and online programs Increased pressure on instructional capacity, student support operations, class availability and advising resources Huron's Approach Built a shared understanding of the University's enrollment environment and academic capacity across key leaders Engaged stakeholders and developed complex analyses to identify operational and structural barriers to coordinated planning Results Delivered an execution roadmap to redesign operations, enhance data structures, and develop a capacity-informed planning framework Established a foundation for building a shared Strategic Enrollment Culture within the university Financial Services Northeastern U.S. Regional Bank Client Challenges Struggled to maintain existing financial planning process, which drove longer planning cycles Team members performing numerous low-value and manual tasks to prep data with aging systems, aggregate disparate plans, and validate results Huron's Approach Developed a digital-first, enterprise-wide bank planning framework Utilized Huron's proprietary margin planning, workforce, and capital expenditures accelerators to expedite design and implementation Results Planning and forecasting process timeline declined from three weeks to 15 minutes More accurate earnings and net interest forecasting Used technology to reduce the need for additional headcount © 2026 Huron Consulting Group Inc. and affiliates. Il lustrative Examples © 2026 Huron Consulting Group Inc. and affiliates. Putting AI to Work Illustrative Examples HURON | 30 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 management). As a trusted partner, Huron works shoulder-to-shoulder with clients to make sense of an increasingly complex AI, data and technology ecosystem and to help deliver ROI and sustainable transformation Revenue Enhancing Top Academic Health System Phase 1: Delivered an AI and automation roadmap prioritized by impact and ability to scale across the system Phase II: Designed and implemented Authorization AI and automation solutions designed to maximize capabilities across multiple third-party technologies and custom development Piloted Notification of Admission solution, which reduced manual intervention on ~30% of urgent/emergent volumes Leading Research Institution Applied an AI-enabled funds management solution to analyze gift agreements and restrictions at scale, leading to the approval of $20M to support immediate funding needs and deployed more than $5M in current-use restricted funds to improve liquidity without compromising donor intent R1 Research University Developed an advanced AI strategy and literacy program across the enrollment function to drive innovation and efficiency Multinational Media & Entertainment Company Applying AI capabilities within the organization's core platform and adding new models to bring advanced intelligence to forecasting and scenario planning, including agents to drive controlled execution upstream and downstream of the core platform Industrials & Manufacturing Company Developed an AI application to optimize equipment maintenance schedules that delivers $40M+ in annual savings to the client from reduced maintenance costs Internal Enablers Redesigning marketing and sales workflows to embed AI directly across sales, marketing and alliances Enhancing current and prospective client research Elevating proposal and/or RFP content creation Margin Expansion Internal Enablers - Managed Services Using advanced machine learning to determine collection probability and prioritize effort for maximum impact. Lowering costs and boosting collections by up to 6% Analyzing millions of data points to uncover trends and pinpoint breakdowns, empowering leaders to make faster, smarter decisions Internal Enablers - Consulting & Managed Services Analyzing survey and sentiment data to best enable change management and organizational transformation Using an AI engine to accelerate award setup and scale award management operations Internal Enablers - Digital Utilizing proprietary and third-party AI-enabled technologies to help execute business process redesign, configuration, test scenario and script creation, test execution, data conversion / migration, data cleansing and enrichment, integration coding, reporting and analytics, training content development, and project management Internal Enablers Utilizing third-party code developing assistants Leveraging core platform agents to help simplify the user experience and driver better, faster decision making Leveraging task- and/or workflow-specific agents to redesign business processes to enable greater efficiency Financial Overview Revenues before Reimbursable Expenses (RBR) FY 2021 to FY 2026 Guidance $1,780 - $1,860 16% CAGR (2021 to 2025) $1,663 $1,486 $1,362 $1,132 $906 $2,000 $1,800 $1,600 $1,400 ($ in millions) $1,200 $1,000 $800 $600 $400 $200 $- 2021 2022 2023 2024 2025 2026 Guidance (1) 1. Guidance noted in this presentation is effective as of February 24, 2026. © 2026 Huron Consulting Group Inc. and affiliates. Net Income and Adjusted EBITDA (1) FY 2021 to FY 2026 Guidance Net Income & Net Income Margin $76 $63 $62 7.7% 6.8% 6.5% 6.2% 4.5% $117 $105 Net Income Margin $150 8% $125 7% Net Income ($ in millions) 6% $100 5% $75 4% $50 3% 2% $25 1% $- 0% 2021 2022 2023 2024 2025 $350 Adjusted EBITDA ($ in millions) $300 $250 $200 $150 $100 $50 $- $201 $167 $131 $98 Adjusted EBITDA & Adjusted EBITDA Margin (1) 14.3% 14.5%-15.0% 12.3% 13.5% 10.8% 11.6% $238 $268 2026 Guidance 2021 2022 2023 2024 2025 (2)(3) 18% Adjusted EBITDA Margin 16% 14% 12% 10% 8% 6% 4% 2% 0% See Appendix for reconciliations of our non-GAAP financial measures to the corresponding GAAP financial measures. Management has not reconciled these non-GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items are not available without unreasonable ef © for 2 t 0 . 26 Huron Consulting Group Inc. and affiliates. Guidance noted in this presentation is effective as of February 24, 2026. Diluted Earnings Per Share and Adjusted Diluted Earnings Per Share (1) FY 2021 to FY 2026 Guidance $6.27 $5.84 $3.64 $2.89 $3.19 $8.00 Diluted Earnings per Share $6.00 $4.00 $2.00 $- 2021 2022 2023 2024 2025 Adjusted Diluted Earnings per Share (1) $8.35 - $9.15 $7.83 $6.47 $4.91 $3.43 $2.61 $10.00 $8.00 $6.00 $4.00 $2.00 $- 2021 2022 2023 2024 2025 2026 Guidance (2)(3) See Appendix for the reconciliations of our non-GAAP financial measures to the most comparable GAAP financial measures. Management has not reconciled these non-GAAP financial measure to the corresponding GAAP financial measure because guidance for the various reconciling items are not available without unreasonable effort. Guidance noted in this presentation is effective as of February 24, 2026. © 2026 Huron Consulting Group Inc. and affiliates. Financial Outlook Grow Revenues Strong growth algorithm poised to drive shareholder value creation 1 RBR Growth Goal: Low double-digit percentage RBR growth, primarily driven by mid-upper single digit organic growth Grow Margins & Cash Flows Grow EPS 3 Adj. EBITDA Margin (1) Expansion Goal: Expand adj. EBITDA margin to 15-17% by 2029 2 Free Cash Flow (1) Conversion Goal: Annual conversion of 75% of adj. EBITDA Adj. Diluted EPS (1) Growth Goal: Double adj. diluted EPS by 2029 See Appendix for the reconciliations of our non-GAAP financial measures to the most comparable GAAP financial measures. Management has not reconciled these non-GAAP financial © 2026 Huron Consulting Group Inc. and affiliates. measure goals to the corresponding GAAP financial measure goals because goals for the various reconciling items are not available without unreasonable effort. Expected to drive continued revenue growth Grow Revenues Grow Margins & Cash Flows Grow EPS Low Double Digit % RBR Growth Goals Achieved by: Mid-upper single digit % organic RBR growth 2% to 4% inorganic RBR growth Companywide RBR Guidance (1) $1.78B to $1.86B 9.5% increase over FY 2025 at the midpoint Segment RBR Guidance (1) Healthcare Education Commercial Low Double Digit % Growth Mid-single Digit % Growth Low Teen % Growth FY 2026 Guidance (1) Reaffirmed commitment to low double-digit percentage RBR growth driven by: Dynamic and macroeconomically significant end markets expected to create growth opportunities Leading market positions, deep client relationships, and innovation expected to drive opportunities for wallet share expansion Investments in new capabilities and market channels expected to expand our total addressable market Programmatic M&A is a strategic lever designed to fuel additional growth 1. Guidance noted in this presentation is effective as of February 24, 2026. © 2026 Huron Consulting Group Inc. and affiliates. Expected to drive continued margin expansion Grow Revenues Grow Margins & Cash Flows Grow EPS Adj. EBITDA Margin (2) Expansion Goals Reaching the 15 to 17% range by 2029 Expansion of 50 to 75 bps per year Free Cash Flow (2) Conversion Goal Annual conversion of 75% of adj. EBITDA (2) Annual Companywide Adj. EBITDA Guidance (1)(2) 14.5% to 15.0% ~50 bps increase over FY 2025 at the midpoint Annual Segment-level Operating Income Margin Guidance (1)(2) Healthcare Education Commercial 29-33% Stable YOY 22-26% YOY Increase 18-22% YOY Increase FY 2026 Guidance (1) Committed to reinvesting for growth while driving continued annual margin expansion Key Margin Levers: Delivery excellence Utilization Pricing realization SG&A leverage Guidance noted in this presentation is effective as of February 24, 2026. See Appendix for the reconciliations of our non-GAAP financial measures to the most comparable GAAP financial measures. Management has not reconciled these non-GAAP financial measure goals or 2026 Guidance for non-GAAP financial measures to the corresponding GAAP financial measure goals because goals and guidance for the various reconciling items are not available without unreasonable effort. © 2026 Huron Consulting Group Inc. and affiliates. Runway for continued margin expansion Multiple pathways designed to support achieving our medium-term margin expansion goals Profitability Levers Opportunity Potential Medium-term Adj. EBITDA Margin Goal (3) : 15.0 - 17.0% 2025 Adj. EBITDA Margin (2) Actual: 14.3% 2024 to 2025 Adj. EBITDA % Expansion Delivery Excellence Utilization Pricing Realization Scaling SG&A Investments & Mix Shift Progress to date (2021 to 2025) Increased project-level contribution margin 70 bps Increased utilization 600 bps Reduced SG&A (1) leverage 180 bps Increased usage of global delivery capability with India comprising 40% of total company headcount SG&A excludes deferred compensation and transaction and litigation expenses. See Appendix for reconciliations of our non-GAAP financial measures to the corresponding GAAP financial measures. Management has not reconciled these non-GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items are not available without unreasonable effort. © 2026 Huron Consulting Group Inc. and affiliates. Flexible balance sheet and strong underlying free cash flows Balance Sheet Optimization Free Cash Flow (1) 1.9x 2025 Leverage Ratio (2) $250 $200 Free Cash Flow ($ in millions) $150 $166M 2025 capital returned to shareholders via share repurchases $100 $50 $- 1.9% $180 - $220 $169 $162 $100 7.3% $61 4.9% 5.2% $21 4.0% 2021 2022 2023 2024 2025 2026 Guidance (3) 20% 18% Free Cash Flow Yield 16% 14% 12% 10% 8% 6% 4% 2% 0% See Appendix for the reconciliations of our non-GAAP financial measures to the most comparable financial measures. Leverage ratio as calculated in our credit agreement. Guidance is as of February 24, 2026. Cash flows from operating activities of $220 million to $260 million less capital expenditures of $30 million to $40 million. Management has not reconciled these non-GAAP financial measures to the corresponding GAAP financial measures because guidance for the various reconciling items are not available without unreasonable effort. © 2026 Huron Consulting Group Inc. and affiliates. © 2026 Huron Consulting Group Inc. and affiliates. Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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