New York and Boston Financial Community Presentation

Transcription

1 New York and Boston Financial Community Presentation November worldwide

2 Forward-Looking Statement Disclaimer Statements included in this presentation that are not based on historical facts are forward-looking statements. Although such statements are based on management s current estimates and expectations, and currently available competitive, financial and economic data, forward-looking statements are inherently uncertain and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. For a description of some of the risks, uncertainties and other factors that may occur that could cause actual results to differ from our forward-looking statements see our Annual Report on Form 10-K for the period ended September 26, 2014, and in particular the discussions contained in Item 1 Business, Item 1A - Risk Factors, Item 3 Legal Proceedings, and Item 7 Management s Discussion and Analysis of Financial Condition and Results of Operations, as well as the Company s other filings with the Securities and Exchange Commission. In addition, a reconciliation of non-gaap information contained in this presentation to GAAP can be found at the end of this presentation. We also caution the readers of this presentation that we do not undertake to update any forward-looking statements made herein. Nov-14 New York and Boston Financial Community 2

3 Financial Highlights Diluted EPS of $0.65 for the quarter ($86.1 million) Includes Q4 restructuring of $0.23 per share ($30.4 million) Diluted EPS of $2.48 for the year ($328.1 million) Includes total restructuring costs for the year of $0.58 per share ($77.4 million), and the non-recurring costs and losses of certain first-half events of $0.24 per share ($31.8 million) Backlog of $18.4 billion Book-to-bill 1.09 for trailing twelve Strong balance sheet Cash of $732.6 million FY15 guidance of $3.35 to $3.85 per share Nov-14 New York and Boston Financial Community 3

4 Earnings History and Outlook! Net Earnings ($ millions) Diluted EPS 450 $399.9 $ $3.21 $423.1 $3.23 $437.3 (2) $3.30 (2) $3.85 $ $306.3 (1) $2.44 (1) $331.0 $2.60 $ % % 15.9% 14.5% 14.2% 14.2% 14.5% 12.9%! 10 Year CAGR (1) Excluding the SIVOM Judgment (2) Excludes the impact of first half events and losses of $0.24 per share (or $31.8 million) and restructuring of $0.58 per share (or $77.4 million). A reconciliation to comparable GAAP information is provided at the end of this presentation. Delivering Lower Risk Double-Digit Growth Nov-14 New York and Boston Financial Community 4

5 Backlog Field Services Backlog ($ billions) Technical Professional Services Backlog ($ billions) Q4-FY09 Q4-FY10 Q4-FY11 Q4-FY12 Q4-FY13 Q4-FY14 Nov-14 New York and Boston Financial Community 5 Professional Services Backlog a Leading Indicator

6 A Sustainable Business Model Nov-14 New York and Boston Financial Community 6 Building a Strong Reputation in Each Market We Serve

7 Value-Based Solutions Record 92% in Client Satisfaction Scores! Over 97% Repeat Business! $5.3 billion in Client Savings from Innovative Value-Based Solutions! Sustainability Ideas Resulted in 12.3 million tonnes of CO 2 Savings Nov-14 New York and Boston Financial Community 7 Continuously Driving Repurchase Loyalty

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13 Market Diversity 35% PharmaBio Mining & Minerals Indust rial Public 17% & Infrastructure 11% Buildings 6% 4% National Government 18% 7% 6% Proces s Chemicals 23% Refining (Downstream) 18% Oil & Gas (Upstream) 7% Power, Pulp & Paper, High Tech, Food & Consumer Products 48% Revenues for twelve months ended 9/26/14: $12.7 billion Nov-14 New York and Boston Financial Community 13 Maximizing Opportunities Through Evolving Cycle

14 Acquisitions Fuel Long-Term Organic Growth 2014 Buildings, Infrastructure, Water, Mining & Minerals, Power, Chemicals, Telecommunications, Information Technology Australia, China, South Africa, South America, UK, US Geographies Areas of Focus North America Buildings, Water/Wastewater, Mining & Minerals, Infrastructure Australia, China, India, UK, South America, US Buildings, Telecommunications, National Government, Information Technology UK, US Field Construction, Infrastructure, Buildings, Process Canada, UK, Saudi Arabia Markets # Acquisitions >65 Upstream and Telecom Infrastructure, Upstream Oil & Gas Hong Kong, US, Scandinavia Upstream Oil & Gas, Chemicals Belgium, Canada, Germany, Netherlands Infrastructure, Aerospace & Defense US, Australia Chemicals, Pharmaceuticals, Buildings France, India, Italy, Mexico, Spain, UK Calendar Year 2014 Announcements Eagleton, Stobbarts, Federal Network Systems 1994 Pulp & Paper, Buildings US Nov-14 New York and Boston Financial Community 14 Cash Invested in Attractive Return Opportunities

15 Why Jacobs 15% average annual earnings growth goal Relationship-based business model Drives client loyalty, opportunities, and results Diversified markets/geographies/services Fuels growth and manages exposures Strong balance sheet and cash position Enables growth Cost position Creates competitive advantage Nov-14 New York and Boston Financial Community 15

16 National Government Chemicals PharmaBio Food & Consumer Products Buildings Oil & Gas Upstream Mining & Minerals High Tech Infrastructure Refining Downstream Power Pulp & Paper Nov-14 New York and Boston Financial Community 16

17 Non-U.S. GAAP Financial Measures: The following table reconciles certain elements of the Company's results of operations excluding the 2014 Restructuring and those first-half events and losses to its U.S GAAP results of operations. Although such information is non-gaap in nature, it is presented because management believes it provides a better view of the Company s operating results to investors to assess the Company s performance and operating trends. Q4 FY 2014 Net earnings attributable to to Jacobs - US GAAP $ 86,074 $ 328, Restructuring 30,429 77,381 Non-recurring costs & losses of certain first-half events - 31,802 Net earnings attributable to Jacobs - adjusted $ 116,503 $ 437,291 Diluted earnings per share: US GAAP $ 0.65 $ 2.48 Adjusted $ 0.88 $ 3.30 Nov-14 New York and Boston Financial Community 17

18 Non-U.S. GAAP Financial Measures: The following table reconciles certain elements of the Company's results of operations FY 2010 before the effects of the SIVOM Judgment (which is non-u.s. GAAP). Although such information is non-gaap in nature, it is presented because management believes it provides a better view of the Company s operating results to investors to assess the Company s performance and operating trends. FY 2010 Net earnings attributable to Jacobs - US GAAP $ 245, Effects of SIVOM 60,300 Net earnings attributable to Jacobs - adjusted $ 306,274 Diluted earnings per share: US GAAP $ 1.96 Adjusted $ 2.44 Nov-14 New York and Boston Financial Community 18

19 Copyright 2014 Jacobs Engineering Group Inc. All rights reserved. Jacobs and BeyondZero are trademarks of Jacobs Engineering Group Inc. CC 07/14 worldwide