: At A Glance November 2014
Transcription
: At A Glance November 2014
: At A Glance Company Overview Market Data: CACI provides information solutions and services in support of national security missions and government transformation for Intelligence, Defense, and Federal Civilian customers. A Fortune magazine World’s Most Admired Company in the IT Services industry, CACI is a member of the Fortune 1000 Largest Companies, the Russell 2000 Index, and the S&P SmallCap 600 Index. CACI provides dynamic careers for over 16,200 employees in 120 offices worldwide. Visit www.caci.com. Investment Features ■ ■ ■ ■ ■ November 2014 Focused on priority funding areas of the federal government Continued opportunity to grow in our addressable market of $200+ billion Operational excellence and agility driving financial results Sustainable free cash flow Over the longer term, expect to: – Increase our market share – Grow our earnings – Increase cash generation – Increase shareholder value Stock Exchange ...................... NYSE Market Symbol .........................CACI Public Since..............................1968 Fully Diluted Shares Outstanding............................ 24.5M (estimate for FY15) Fiscal Year End.................... June 30 Inside Ownership (10/31/14). ~8.0% Institutional Ownership .......... 95+% 52-Week Range ..........$84.20-$67.01 (11/6/14) Market Cap (11/6/14)............. ~$1.9B Analyst Coverage: Cowen & Company ■ (617) 946-3942 Key Elements of Our Growth Strategy Credit Suisse Win new business in our large addressable market ■ Drive operational excellence ■ M&A focused on high-growth market areas ■ ■ (212) 538-1895 Friedman, Billings, Ramsey & Co., Inc. ■ (703) 469-1236 Recent Developments Jefferies & Co. ■ Record $2.4 billion in contract awards in Q1 FY15, 33% higher than the same quarter last year, with about 40 percent from new business to CACI. (646) 805-5412 ■ Currently executing on nearly 94% of our planned FY15 revenue, 71 percent of that amount funded. ■ Approximately $8.7 billion in pending contract awards and $13 billion in qualified opportunities to be bid over the next six months (as of 9/30/14). These amounts are 84% new business and 60% new business, respectively. ■ Funded backlog of $2.1 billion and total backlog of $8.7 billion as of September 30th, providing an estimated 32 months of revenue at the September quarter revenue run rate. J.P. Morgan Securities Inc. ■ (212) 622-6548 Maxim Group ■ (212) 895-3578 Noble Financial Capital Markets ■ (314) 687-1074 ■ Operating cash flow of $111 million in Q1 FY15. Raymond James & Assoc. ■ (727) 567-2287 ■ Trailing 12-month free cash flow of $268 million, translating to free cash flow yield of 13.4% at a share price of $83. ■ RBC Capital Markets ■ (212) 618-7688 Stifel Nicolaus ■ (443) 224-1325 CACI Contacts: Kenneth Asbury President and Chief Executive Officer (703) 841-7800 [email protected] Thomas Mutryn Executive Vice President, Chief Financial Officer (703) 841-7800 [email protected] David Dragics Senior Vice President, Investor Relations (703) 841-3710 [email protected] Jody Brown Executive Vice President, Corporate Communications (703) 841-7801 [email protected] SunTrust Robinson Humphrey ■ (615) 748-5681 Wells Fargo ■ (443) 263-6524 Financial Summary ($ in thousands, except per share data) Selected Financial Data 3 Months Fiscal Year Ended June 30 2015 Summary of Operations Revenue Operating income Net income attributable to CACI Per Share Amounts Basic earnings per share Diluted earnings per share Wtd-avg diluted shares outstanding Period-End Financial Position Cash and equivalents Total assets Notes payable and long-term debt Shareholders’ equity Net working capital $ $ $ 814,726 60,059 31,130 $ $ 1.32 1.29 $ Other Non-financial Information Contract Awards Contract funding orders Book-to-bill ratio** ** Defined as contract funding orders to revenue Organic Growth (TTM) Contract mix (rounded as % of revenue) Cost plus Fixed price Time and materials Number of employees 2013 2012 $ 3,564,562 $ 257,403 $ 135,316 $ 3,681,990 $ 270,841 $ 151,689 $ 3,774,473 $ 299,849 $ 167,454 $ $ $ $ $ $ 5.78 5.38 25,155 6.59 6.35 23,885 28,111 $ 64,461 $ 3,359,138 $ 1,280,291 $ 1,359,166 34.1% 7.4% 3.8% 1.69 to 1 31.9% 7.2% 3.8% 1.74 to 1 31.1% 7.4% 4.1% .98 to 1 31.1% 7.9% 4.4% 1.41 to 1 46.6% 48.5% 33.1% 31.7% $ $ $ $ $ 77,247 17,236 2,620 111,732 (3,361) 62 $ $ $ $ $ $ 313,262 323,622 65,181 11,557 198,643 (15,279) 63 $ 64,337 $ 2,501,265 $ 596,307 $ 1,207,572 $ (18,713) $ 15,740 $ 2,392,876 $ 539,461 $ 1,164,445 $ 200,863 $ $ $ $ $ 326,567 54,078 8,832 249,331 (15,439) 59 $ 6,850,000 $ 1,674,000 356,190 55,962 15,499 266,688 $ (18,284) 60 $ 7,183,000 $ 1,971,000 $ $ $ $ $ 8,701,000 $ 2,111,000 $ 7,089,000 $ 1,579,000 $ 2,430,000 $ 1,349,896 1.66 $ 3,945,000 $ 3,610,314 $ 4,484,000 1.01 $ 3,400,000 $ 3,415,626 0.93 -16.1% -11.2% -5.7% 2.4% 46% 36% 18% 16,200 49% 31% 20% 15,300 48% 28% 24% 14,900 44% 28% 28% 14,900 Revenue by Customer Revenue by Contract Type 3 Mos. FY15 3 Mos. FY15 DoD ............................................. 68% Fed. Civilian Agency .................. 26% Commercial ................................. 6% 6.18 5.96 $ 99,992 $ 3,320,285 $ 1,210,212 $ 1,385,465 $ 292,465 Financial Ratios Gross profit margin Operating margin Net margin Current ratio Notes payable and long-term debt as a percentage of total capital Other Financial Information EBITDA Depreciation and amortization Stock-based compensation expense Operating cash flow Capital expenditures Days sales outstanding Total Backlog Funded backlog 24,104 2014 $ 3,910,000 1.04 Cost Reimbursable ...................... 46% Fixed Price .................................. 36% Time and Materials ..................... 18% For more detail, please see our Financial and Operating Database on the Investor Relations page at www.caci.com. ©CACI 2014 FC002_C01_14011