Science Applications International Corporation · NASDAQ:SAIC

Science Applications International — Q3 FY2022 Earnings Presentation

17 slides from Science Applications International's earnings presentation, Dec 6, 2021

  1. Slide 1: Fiscal Year 2022 Third Quarter Earnings Call

    Science Applications International Corporation Fiscal Year 2022 Third Quarter Earnings Call Supplemental Financial Presentation December 6, 2021

  2. Slide 2: SAIC. Bring on tomorrow

    SAIC. BRING ON TOMORROVV, We're not just another company that solves problems. No, we're a company that never stops reaching. Never stops pushing beyond our limits. To rethink engineering in a digital world, we reached. To redefine space training through virtual reality, we reached. To redesign new

  3. Slide 3: Forward Looking Statement

    Forward Looking Statement 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,” “antici

  4. Slide 4: Today's Presenters

    Today’s Presenters Nazzic Keene Prabu Natarajan Chief Executive Officer Chief Financial Officer SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED I 4

  5. Slide 5: Solid Financial Results, Improved Outlook

    FY2022 Q3 Highlights Continued Organic Revenue Growth Strong Profitability Q3 Total Revenue Growth of ~4%, Organic Growth of 2.1% Q3 Adjusted EBITDA Margin * of 9.0% Increasing FY22 Guidance for Revenue, Adj. EBITDA Margin*, Adj. Diluted EPS*, and Free Cash Flow* Repurchased $63M of Company Stock So

  6. Slide 6: FY2022 Q3 Results

    (1) FY2022 Q3 Results ADJUSTED ADJUSTED REVENUE FREE CASH FLOW (2) EBITDA MARGIN (2)(3) DILUTED EPS (2)(4) +4% +14% $1,898M $222M $1,818M 9.0% 9.0% $1.85 $1.62 $124M FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 (1) Results of Science Applications International Corp

  7. Slide 7: FY2022 YTD Results

    (1) FY2022 YTD Results ADJUSTED ADJUSTED REVENUE FREE CASH FLOW (2) EBITDA MARGIN (2)(3) DILUTED EPS (2)(4) +5% +80 bps 9.6% $470M $5,339M $5,612M 8.8% +25% $5.76 $373M $4.61 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 YTD YTD YTD YTD YTD YTD YTD YTD (1) Results of Science Applications I

  8. Slide 8: Fiscal Year 2022 Guidance

    Fiscal Year 2022 Guidance Current Prior Revenue $7.35B - $7.40B $7.30B - $7.40B  Increased to reflect YTD outperformance * Adjusted EBITDA % 9.0% to 9.1% 8.9% to 9.0%  Increased to reflect higher profitability across the portfolio *  Effective tax rate of approximately 23% Adjusted Diluted EPS $6

  9. Slide 9: SAIC Historical Backlog and Book-to-Bill

    SAIC Historical Backlog and Book-to-Bill $25 2.2x 0.9x 0.7x 2.7x 0.4x $20 2.6x Total Backlog ($ in billions) 0.9x 1.5x $15 1.4x 0.8x 0.9x 1.2x 1.4x 1.0x 0.8x $10 $5 $0 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY21 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY22 Q1 FY22 Q2 FY22 Q3 FY22 Q3 Book

  10. Slide 10: Appendix

    Appendix

  11. Slide 11: Working Days Per Quarter

    Working Days Per Quarter Q1 Q2 Q3 Q4 Total 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 11

  12. Slide 12: Payroll Periods Per Quarter

    Payroll Periods Per Quarter Q1 Q2 Q3 Q4 Total FY22 6 7 6 7 26 FY21 6 7 6 7 26 FY20 6 7 6.5* 7 26 FY19 6 7 6 7 26 *During the third quarter of fiscal year 2020 and as a result of a systems conversion due to the Engility acquisition, legacy Engility employees were paid a one week payroll cycle in orde

  13. Slide 13: 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

  14. Slide 14: 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 acquisition and integration costs, impairments, restructuring costs, and any other material non-recurring costs that we do not consider to be indicative of our

  15. Slide 15: Non-GAAP Reconciliation – Free Cash Flow

    Non-GAAP Reconciliation – Free Cash Flow (1) “Free cash flow” is a non-GAAP financial measure that is reconciled in this schedule to the most directly comparable GAAP financial measures. This non-GAAP financial measure provides investors with greater visibility into cash flows provided by operating

  16. Slide 16: Non-GAAP Reconciliation – FY22 Free Cash Flow Guidance

    Non-GAAP Reconciliation – FY22 Free Cash Flow Guidance (1) “Free cash flow” is a non-GAAP financial measure that is reconciled in this schedule to the most directly comparable GAAP financial measures. This non-GAAP financial measure provides investors with greater visibility into cash flows provided

  17. Slide 17: SAIC. Bring on tomorrow

    BRING ON TOMORROVYS TAKING THE WORLD WHERE IT'S NEVER BEEN BEFORE. SAIC.

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