Firm Overview. June, environmental failure analysis & prevention health technology development1

Transcription

1 environmental failure analysis & prevention health technology development1 Firm Overview June, 2009 A leading engineering & scientific consulting firm dedicated to helping our clients solve their technical problems.

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3 3 Who We Are Professional services firm Engineering & scientific consulting 600+ consulting and technical staff Best known for analyzing accidents & failures Today we provide a broad range of services for clients Revenues of $229M (ttm) Mission Statement Exponent is a multi-disciplinary consulting firm dedicated to solving important science, engineering and business problems for clients

4 4 Major Clients Corporations Law Firms Associations Government

5 5 Exponent s Business Today Estimated Current Revenues 10% Gov t 25% Technical Problem Solving (Pro Active) Litigation & Insurance Claims (Reactive) 65%

6 6 Exponent s Value Proposition Solve high exposure problems Multi-disciplinary capabilities Innovative solutions World class talent Extensive experience Rapid response Geographic coverage

7 7 Technology Development Vehicle Biomechanics Statistical & Data Sciences Human Factors Visual Communication Electrical & Semiconductors Epidemiology Thermal Sciences Mechanics & Materials Toxicology Exposure Assessment Public Health & IH Chemical Regulation & Food Safety EcoSciences Environmental Construction Consulting Civil Buildings & Structures Industrial Structures Engineering Management Consulting

8 8 Consulting Staff Masters 31% Doctorates 54% Bachelors 15%

9 9 Exponent Offices Seattle San Francisco Bay Area: Menlo Park Oakland Southern California: Irvine Los Angeles Phoenix Denver Houston Chicago Lisle Wood Dale Detroit Washington, DC: District of Columbia Maryland Virginia Boston: Maynard Natick New York Philadelphia Miami Hangzhou Derby Harrogate Düsseldorf Zurich

10 10 Growth Opportunities Health Consulting Product Design Consulting Energy Consulting Defense Technology Development

11 11 Why Health? Big exposures Same clients No major competitors Synergy with environmental & engineering practices

12 12 Health Food & Chemical Safety Pesticide Registrations Product Contamination Potential Carcinogens

13 13 Why Product Design Consulting? Niche is one of solving very difficult problems New service offering to existing clients Leverages Exponent s failure experience Superior talent is a competitive advantage

14 14 Product Design Consulting Medical Devices Design Support for Implants

15 15 Product Design Consulting Portable Power Li-Ion Battery Control Circuitry & Testing

16 16 Why Energy? Huge market opportunity Potential for rapid growth Growing demand for high-end talent Leverages our multi-disciplinary capabilities

17 17 Energy Nuclear Power Technical and Financial Risk Management

18 Energy Electric Power Technical and Management Advisory 18

19 19 Why Defense Technology Development? Big market opportunity Potential for rapid growth Leverages our multi-disciplinary capabilities New paradigm

20 The Marcbot Is Saving Lives REF Support in Iraq & Afghanistan 20

21 Rapid Deployment Integrated Surveillance System REF Support in Iraq & Afghanistan 21

22 Culvert Deninal of IEDs REF Support in Iraq 22

23 23 Financial Review: Quarterly Revenues Millions $70 $60 $50 $40 $30 $20 $10 $0 Q1 Q2 Q3 Q Q4 of 2008 was 14 weeks. All other quarterly periods were 13 weeks.

24 24 Financial Review: Quarterly EPS $0.45 $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $- Q1 Q2 Q3 Q Historical EPS adjusted for stock split Q4 of 2008 was 14 weeks. All other quarterly periods were 13 weeks.

25 25 Financial Review: Fiscal Year ($ Millions) D% Revenue w/o Reimbursables $206.2 $ % Reimbursables % Revenue % Comp % Other Op % Reimbursable Expense % G & A % Op. Expense % Op. Income % Misc. Income % Income Taxes % Net Income $23.2 $ % Return on Net Revenue 11.2% 11.1% 2008 was 53 weeks was 52 weeks.

26 26 Financial Review: 1 st Quarter ($ Millions) D% Revenue w/o Reimbursables $54.9 $52.0 6% Reimbursables % Revenue % Compensation Expense % Other Operating Expense % Reimbursable Expense % Gen & Admin Expense % Operating Expense % Operating Income % Miscellaneous Income % Income Taxes % Net Income $5.8 $6.3-9% Return on Net Revenue 10.5% 12.2%

27 27 Financial Review: 1 st Quarter: EBITDAS ($ Millions) D% Net Income $5.76 $6.35-9% Add back: Income taxes % Interest income % Depreciation and Amortization % EBITDA % Stock-based compensation % EBITDAS $13.51 $ %

28 28 Financial Review: Balance Sheet Comparison ($ Millions) Assets: Apr 3, 2009 Jan 2, 2009 D% Cash/Short Term Investments $44.7 $ % Accounts Receivable % Total Assets: % Total Liabilities % Total Equity $133.6 $ % % calculated on actual $

29 29 Summary Strong market position Long standing blue chip clients Top caliber talent Solid financial performance Strong balance sheet Excellent growth opportunities

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