Booz Allen Hamilton Holding Corporation · NYSE:BAH
Booz Allen Hamilton — Q3 FY2017 Earnings Presentation
29 slides from Booz Allen Hamilton's earnings presentation, Feb 7, 2017
Slide 1: Fiscal year 2017 Third quarter Investor Presentation
Fiscal year 2017 Third quarter Investor Presentation February 2017 Exhibit 99.1
Slide 2: Disclaimer: Forward Looking Safe Harbor Statement
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 3: Key investment themes
differentiated model which has delivered exceptional returns On a steady path to sustainable quality growth Capturing opportunities in an improved market Investing in people, markets and capabilities 2 Key investment themes
Slide 4: A leader with a proud history
3 A leader with a proud history Company Overview A leading provider of management consulting, technology, and engineering services to the U.S. and international governments, major corporations, and not-for-profit organizations Over 100 years in business HQ in Mclean, VA Unique organization and cultu
Slide 5: A diverse business: long-term client relationships
A diverse business 4 Long-term client relationships Client (2) Relationship Length (Years) U.S. Navy 75+ U.S. Army 65+ U.S. Air Force 35+ Department of Energy 35+ National Security Agency 30+ Department of Homeland Security (2) 30+ Department of Health & Human Services 20+ Federal Bureau of Investig
Slide 6: Diversified client base
Diversified client base 5 Commercial: Commercial & Investment Banks, Utilities, Oil & Gas companies, Retailers, Auto manufacturers, Pharmaceutical manufacturers, and healthcare providers International: Middle East, North Africa region, and select Asian Markets Global Commercial (2.3%) U.S. Intellige
Slide 7: History of revenue growth
History of revenue growth 6 All years represent FYE March 31 1996 through 2005 is based on revenue derived directly from Booz Allen’s accounting system (JAMIS). 2006 and later revenue is based on revenue derived directly from Booz Allen’s consolidated financial statements, which have been audited an
Slide 8: Track record of margin expansion
Track record of margin expansion 7 FY09 is pro-forma for unaudited results of operations for the twelve months ended March 31, 2009, assuming the Acquisition of our Company by The Carlyle Group had been completed as of April 1, 2008
Slide 9: Executing our Vision 2020 strategy
Executing our vision 2020 strategy In the fourth year of implementation Key elements of our Vision 2020 strategy Moving closer to the center of our clients’ core mission Increasing the technical content of our work Attracting and retaining superior talent in diverse areas of expertise Leveraging inn
Slide 10: Core capabilities
Core capabilities 9 Systems Delivery Engineering & Science Cyber Analytics Directed Energy Digital Cyber Futures Next Gen Systems Delivery brings together the technical and organizational change management skills necessary to successfully deliver mission-critical systems. Engineering & Science deliv
Slide 11: Digital Solutions Business
Digital Solutions Business An interconnected set of high-demand capabilities Including systems delivery, digital, cloud, and mobile Building a differentiated business on three pillars Mission understanding Technical depth Consultative approach SPARC and now Aquilent provide innovation and scalabilit
Slide 12: Executing against our strategy to deliver Sustainable Quality Growth
Executing Against our strategy to deliver Sustainable Quality Growth Third quarter of fiscal year 2017 represented Another strong performance by Booz Allen Hamilton Making excellent progress against FY17 objectives: Delivering organic growth that leads the industry, is sustainable, and positions Boo
Slide 13: Key financial results
Key financial results Fiscal year 2017 results Comparisons are to prior fiscal year period (1) Third quarter of fiscal year 2017 excluded the benefit of the Q3 FY16 release of an uncertain tax position associated with the Carlyle transaction 12 Year to date third quarter Gross Revenue $4.2 billion 6
Slide 14: Capital deployment
capital deployment Expect to use a range of tools going forward, including: Supporting organic revenue growth with capability-focused acquisitions Effectively managing debt Returning excess cash to shareholders in the form of dividends – regular and special – and share repurchases 13 Third Quarter f
Slide 15: Financial outlook: full-year guidance
financial OUTLOOK full-year guidance Guidance as provided on January 30, 2017 Full Fiscal Year 2017 Estimated Weighted Average Diluted Share Count of 150 million shares; assumes an effective tax rate of 39.1% Please see the Note Regarding Non-GAAP Financial data Information on page 1 which describes
Slide 16: Appendix
appendix
Slide 17: Adjusted EBITDA margin trends
Adjusted ebitda margin trends 16 Adj. EBITDA Margin (%) Fiscal Year LTM EBITDA Margin 2016 9.4% 2015 9.9% 2014 9.7%
Slide 18: Capturing opportunities in an improving market
Capturing opportunities ...in an improving market We are winning and executing work that is at the core of our clients’ most critical missions We are being recognized as an Essential Partner to our clients Our pipeline remains healthy and we continue to see demand across our business 17 Quarterly bo
Slide 19: Non-GAAP financial information
Non-gaap financial information "Adjusted Operating Income" represents operating income before: (i) adjustments related to the amortization of intangible assets, and (ii) transaction costs, fees, losses, and expenses, including fees associated with debt prepayments. We prepare Adjusted Operating Inco
Slide 20: Non-GAAP financial information
Non-gaap financial information 19 (a) Reflects amortization of intangible assets resulting from the acquisition of our Company by The Carlyle Group. (b) Reflects debt refinancing costs incurred in connection with the refinancing transaction consummated on July 13, 2016. (c) Release of pre-acquisitio
Slide 21: Shareholder and stock information
Shareholder and stock information 20 Booz allen Hamilton holding corporation’s class a common stock began trading on the new York stock exchange (nyse) on Nov 17, 2010 Fiscal Year – Booz Allen Hamilton Holding Corporation’s fiscal year starts April 1 and ends March 31 Share Price Information – Booz
Slide 22: Shareholder and stock information (continued)
Shareholder and stock information (continued) 21 Dividends – Booz Allen has utilized distributions (recurring and special dividends) as part of its capital deployment strategy. However, the actual declaration of any such future dividends and the establishment of the per share amount, record dates, a
Slide 23: Shareholder and stock information (continued)
Shareholder and stock information (continued) 22 Transfer Agent & Registrar Computershare www.computershare.com/investor/ P.O. Box 30170 College Station, TX 77842-3170 Phone: 866-390-3908 Computershare maintains records for registered stockholders and provides stockholder services at no charge, incl
Slide 24: Shareholder and stock information (continued)
Shareholder and stock information (continued) 23 Website: investors.boozallen.com Contact Information Investor Relations Curt Riggle Vice President of Investor Relations 703/377-5332 [email protected] Media James Fisher Principal, Media Relations 703/377-7595 [email protected] Corporate Gover
Slide 25: Financial and operational highlights
Financial and operational highlights 24 a All interim periods reflect unaudited numbers while annual numbers are audited. b Basic and diluted weighted average shares outstanding and earnings per common share amounts are calculated using the two-class method. c Excel available on investors.boozallen.
Slide 26: Financial and operational highlights
Financial and operational highlights Unaudited non-gaap financial information (f) 25 a The use and definition of Non-GAAP financial measurements can be found in the Company's public filings. b Reflects stock-based compensation expense for options for Class A Common Stock and restricted shares, in ea
Slide 27: Financial and operational highlights
Financial and operational highlights Unaudited non-gaap financial information for FY08-FY16 (h) a The use and definition of Non-GAAP financial measurements can be found in the company's public filings b Reflects amortization of intangible assets resulting from the acquisition of our Company by The C
Slide 28: Financial and operational highlights: additional operating data
Financial and operational highlights 27 Additional operating data (a), (d) a All interim periods reflect unaudited numbers while annual numbers are audited. b Calculated as the change in total backlog during the relevant fiscal quarter plus the relevant fiscal quarter revenue, all divided by the rel
Slide 29: Financial and operational highlights: other key financial metrics
Financial and operational highlights 28 a All interim periods reflect unaudited numbers while annual numbers are audited. b Cash flow numbers are on a year-to-date basis for all periods presented. c In Q4 FY2016 the Company adopted two Accounting Standards Updates issued by the Financial Accounting
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