EARNINGS PRESENTATION. FY 2016 Q4 Results December 8, 2016

Similar documents
DLH Holdings Corp. Acquisition of Danya International May 3, 2016 Conference Call

Brooks Automation, Inc. Financial Results Conference Call

2018 SECOND QUARTER FINANCIAL RESULTS

October 26, Earnings Summary Third Quarter FY 2016

Bottomline Technologies Reconciliation to Non GAAP Measures Three Months Ended June 30, 2013

Brooks Automation, Inc. 4 th Quarter Fiscal 2013 Financial Results Conference Call

Q2 FY2018 Earnings Call. GAAP to non-gaap Reconciliations. May 17, 2018 EXTERNAL USE

Second Quarter Fiscal 2018 Earnings Teleconference April 27, 2018

Q3 FY16 FINANCIAL RESULTS CONFERENCE CALL May 10, 2016 at 5:00 pm ET

Q3 FY 2015 FINANCIAL RESULTS CONFERENCE CALL April 30, 2015 at 5:00 pm ET

Safe Harbor. Non-GAAP Financial Information

Fiscal Fourth Quarter Ended June 30, 2018

PRESS RELEASE. Chief Financial Officer and Secretary

Third Quarter Fiscal 2018 Earnings Teleconference July 27, 2018

Fourth Quarter & Full Year 2018 Results. February 26, 2018 (U.S. Eastern Time) February 27, 2018 (Singapore / Hong Kong Time)

4 th Quarter 2018 Earnings Release Conference Call

CIRCOR Reports Fourth-Quarter and Year-End 2018 Financial Results

Conference Call Brooks Automation First Quarter FY19 Financial Results. February 5, 2019

3Q Presentation. November 7, 2017

Q4 AND FY 2015 FINANCIAL RESULTS CONFERENCE CALL August 20, 2015 at 5:00 pm ET

PRESS RELEASE. Chief Financial Officer

Reconciliations of Non-GAAP Financial Measures to the Comparable GAAP Financial Measures (Unaudited) (Dollars in millions, except per share amounts)

HealthEquity Reports Fourth Quarter and Fiscal Year Ended January 31, 2018 Financial Results

Brooks Automation, Inc. 3 rd Quarter Fiscal 2013 Financial Results Conference Call

First Quarter Fiscal 2017 Earnings Call

Fiscal Year 2016 Q4 EARNINGS CALL PRESENTATION

Safe Harbor Non-GAAP Financial Information

3 rd Quarter 2018 Earnings Release Conference Call

4 th Quarter Fiscal Copyright 2011 by Brooks Automation, Inc. Proprietary Information 1

Q Financial Results

Third Quarter Fiscal 2013 Financial Results. June 19, 2013

Intermolecular Announces Third Quarter 2017 Financial Results

MATTHEWS INTERNATIONAL REPORTS EARNINGS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2017 HIGHER FISCAL 2017 GAAP EARNINGS OF $2

Fiscal 2019 First Quarter Results. October 30, 2018

CARBONITE (NASDAQ: CARB)

Third Quarter Presentation

Q Preliminary Earnings Results Summary. November 1, 2018

LogMeIn Announces Fourth Quarter and Fiscal Year 2017 Results

Fiscal Year 2016 Fourth Quarter Conference Call

4Q 2018 Highlights and Operating Results. Products. Technology. Services. Delivered Globally.

Advanced Flow Solutions Energy Fluid Handling. Fourth Quarter Investor Review. Presented February 28, 2018

News. CB&I Reports Strong 2013 First Quarter Results

INC Research Q4 & Full Year 2016 Financial Results. February 28, 2017

MTS REPORTS FISCAL 2018 FIRST QUARTER FINANCIAL RESULTS

Third Quarter Fiscal 2019 Earnings Call

Second Quarter 2017 Earnings Conference Call August 2, 2017

Second Quarter Fiscal Year Supplemental Financial Information Jan 25, 2018

Revenues from ongoing businesses (1) 3,265 3,245 12,543 12,443 Other Businesses (2) Revenues $3,278 $3,364 $12,702 $13,132

Q1 FY 2014 FINANCIAL RESULTS CONFERENCE CALL. October 24, 2013 at 5:00 pm ET

McKesson Corporation Q2 Fiscal 2019 Financial Performance. Financial Results and Company Highlights October 25, 2018

Q3 Fiscal Year 2019 Financial Highlights

MTS REPORTS FISCAL 2018 THIRD QUARTER FINANCIAL RESULTS

HealthEquity Reports Third Quarter Ended October 31, 2014 Financial Results

Ameresco Reports Fourth Quarter and Full Year 2017 Financial Results

Conference Call Brooks Automation Second Quarter FY18 Financial Results. May 1, 2018

Q4 FY17 FINANCIAL HIGHLIGHTS & SUPPLEMENTAL METRICS. March 27, 2017

Q Financial Supplement

Digital River, Inc. Second Quarter Results (Unaudited, in thousands) Subject to reclassification

Teradyne, Inc. Certain Non-GAAP financial measures discussed during the Third Quarter of 2011 Earnings Conference Call October 2011

Supplementary Materials First Quarter Fiscal 2018 Earnings Call

Ameresco Reports Fourth Quarter and Full Year 2017 Financial Results

Q Preliminary Earnings Results Summary May 3, 2018

FIRST QUARTER 2018 EARNINGS CONFERENCE CALL MAY 9, 2018

Sanmina. Q1 FY 19 Results. January 28, 2019 WHAT WE MAKE, MAKES A DIFFERENCE

CSRA Announces Fourth Quarter and Fiscal Year 2017 Financial Results. FALLS CHURCH, Va., May 24, 2017 /PRNewswire/ --

Itron, Inc. Comparison of Key 2015 Financial Metrics to Preliminary Results Announced February 17, Total operating expenses 486, ,839

The Manitowoc Company, Inc.

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited)

2018 Second Quarter Earnings Call. May 8, 2018

Rockwell Automation. Fiscal Year 2018 Fourth Quarter Conference Call. November 7, Copyright 2018 Rockwell Automation, Inc. All rights reserved.

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data)

RPX Corporation Q Earnings Call

Rockwell Automation Fiscal Year 2018 Third Quarter Conference Call

Q1 Fiscal Year 2019 Financial Highlights

Fourth Quarter Fiscal 2014 Earnings Call May 30, 2014 Jeffrey F. Glajch

Q Financial Results

Second Quarter 2017 Reconciliation of Non-GAAP Financial Measures

Q Preliminary Earnings Results Summary. February 1, 2018

Safe Harbor Non-GAAP Financial Information

4Q 2017 Highlights and Operating Results

Sanmina. Q4 & FY 18 Results. October 29, 2018 WHAT WE MAKE, MAKES A DIFFERENCE

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K. Weibo Corporation (Registrant s Name)

4Q 2017 Presentation. February 27, 2018

NeoGenomics Reports 159% Revenue Growth to $63.1 Million and Strong Gains in Profitability in the Second Quarter of 2016

Third Quarter Earnings November 8, 2018

ServiceNow, Inc. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (Unaudited)

Transaction Conference Call July 26, 2013

Press Release. II-VI Incorporated. for anticipated. taxes. anticipates finalizing. and recording. positioned to. communications are.

ASC 606 Investor Presentation

Second Quarter 2013 Results. July 25, 2013

(Unaudited) Reconciliation GAAP to Non-GAAP (In thousands) Pro Forma As Adjusted. Pro Forma Adjustments. Pro Forma As Adjusted. Pro Forma Adjustments

Renren Announces Unaudited Fourth Quarter and Fiscal Year 2017 Financial Results

Federal Signal Q Earnings Call August 7, Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer

TransUnion Announces Strong First Quarter 2018 Results and Agreement to Acquire Callcredit

FIRST QUARTER FISCAL 2018 EARNINGS RELEASE CALL

Q Financial Results

Science Applications International Corporation (SAIC) Third Quarter Fiscal Year 2018 Earnings Call. December 7, 2017

MTS REPORTS FISCAL 2018 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

The ExOne Company Reports 2018 Third Quarter Results

Black Box Corporation Investor Presentation

Transcription:

EARNINGS PRESENTATION FY 2016 Q4 Results December 8, 2016

Introduction Forward-Looking Statement "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes", "expects", "anticipates", "plans", intends and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or DLH`s actual results to differ materially from those indicated by the forward-looking statements. For a discussion of such risks and uncertainties, see Risk Factors in the company s periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2016. In light of the risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. The forward-looking statements contained in this presentation are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating any forward-looking statements. 2

Introduction Q4 2016 Earnings Call Speakers Chris Witty, Investor Relations Zachary Parker, President & CEO Kathryn JohnBull, Chief Financial Officer 3

FY2016 Fourth Quarter Executive Summary CEO Overview Revenue of $27 million, up 60% year-over-year Strong positive impact from Danya transaction Plus 4.4% organic growth * Gross margin rose 310 basis points EPS of $0.20 Debt reduction ahead of plan Contract backlog: $233 million New business pipeline: $510 million *A non-gaap measure calculated by comparing current year revenue less revenue from the acquisition to prior year revenue. 4

Key Transaction Update CEO Overview Danya acquisition achieving strategic plan objectives Portfolio diversification into new and key targeted agencies Higher level of complexity including strong health IT qualifications Business mix yielding higher margins; enhances growth outlook Integration remains on track Achieved initial synergies as planned; strong culture fit Zero retention issues encountered FY17 milestones include infrastructure & ERP consolidation Strengthened balance sheet & gross margin position Robust cash generation 5

Market Overview (GovCon) CEO Overview Congress and new administration Fully expect to see a continuing resolution from Congress Department of Veteran Affairs already has FY17 appropriations FY17 NDAA passed House; now awaiting Senate Net effect could slow new contract growth within the industry in the near term Long term trends seem favorable for government services Strong addressable market in DLH focus areas Defense & Veterans Health Solutions Human Services & Solutions Public Health & Life Sciences 6

Revenue up 60% Year-over-Year $ Millions $30 $20 $27.1 Key Financials $10 $17.0 $0 FY15 Q4 FY16 Q4 7

Gross Profit up 84% $ Millions $9 $6 $6.2 Key Financials $3 $3.4 $0 FY15 Q4 FY16 Q4 Fourth quarter gross margin of 23.0% increased 310 basis points over fiscal 2015 8

Operating Income up 38% $ Millions $2.0 Key Financials $1.0 $1.0 $1.3 $0.0 FY15 Q4 FY16 Q4 Higher gross margin partially offset by $1.7 million of increased expense and $0.7 million non-cash amortization of Danya intangibles 9

Adjusted EBITDA* up 114% $ Millions $3.0 $2.0 $2.2 Key Financials $1.0 $1.0 $0.0 FY15 Q4 FY16 Q4 Adjusted EBITDA return on revenue was 8.1% compared to 6.1% for the prior year fourth quarter *A reconciliation of Net Income to Adjusted EBITDA is provided in the back of this presentation. 10

Fiscal 2016 Cash Flow FY16 Beginning Cash (10/1/15) $5,558 Cash generated from operating activities $6,040 Key Financials Cash used in investing activities (32,739) Cash from financing activities 24,568 FY16 Ending Cash (9/30/16) $3,427 Senior debt reduced to $23.4 million from $30.0 million on closing of Danya transaction 11

Upcoming Events CEO Overview Jan 30: Noble Growth Conference Feb 8: FY2017 Q1 Earnings Call Feb 9: Annual Shareholders Meeting 12

Summary CEO Overview Strong operational and financial performance continues Strategic transaction enhances portfolio and expands DLH growth opportunities Well positioned to deliver value to clients and shareholders 13

Question & Answer Session 14

Backup Information 15

FY2016 Q4 & CY Financials Key Financials Three Months Ended Year Ended September 30, September 30, 2016 2015 2016 2015 Revenue $ 27,120 $ 16,989 $ 85,602 $ 65,346 Direct expenses 20,891 13,603 67,776 53,658 Gross margin 6,229 3,386 17,826 11,688 General and administrative expenses 4,116 2,418 12,518 9,137 Depreciation and amortization 788 10 1,244 55 Income from operations 1,325 958 4,064 2,496 Other income (expense), net (542) 1,467 (1,618) 744 Income before income taxes 783 2,425 2,446 3,240 Income tax expense (benefit), net (1,604) (5,814) (938) (5,488) Net income $ 2,387 $ 8,239 $ 3,384 $ 8,728 Earnings per share - basic $ 0.23 $ 0.86 $ 0.34 $ 0.91 Earnings per share - diluted $ 0.20 $ 0.82 $ 0.30 $ 0.87 Weighted average common shares outstanding Basic 10,428 9,551 9,966 9,573 Diluted 11,821 10,090 11,220 10,039 16

Income from Operations per Share Key Financials The Company believes that providing Income from Operations per share will be useful to investors in comparing year over year operating results for 2016 compared to 2015. Income from Operations per share excludes the impact of other income (expense) and income tax benefits, which varied significantly from 2015 to 2016, independent of operating results. By providing this non- GAAP measure, we believe that an investor can more easily compare year over year performance. 17

Adjusted EBITDA Reconciliation Key Financials Three Months Ended Twelve Months Ended September 30, September 30, 2016 2015 Change 2016 2015 Change Net income $ 2,387 $ 8,239 $ (5,852) $ 3,384 $ 8,728 $ (5,344) (i) Interest and other (income) expense (net): (i)(a) Interest and other expense 542 (1,467) 2,009 823 (744) 1,567 (i)(b) Acquisition expenses 795 795 (ii) Provision (benefit) for taxes (1,604) (5,814) 4,210 (938) (5,488) 4,550 (iii) Depreciation and amortization 788 10 778 1,244 55 1,189 (iv) G&A expenses - equity grants 82 60 22 466 479 (13) Adjusted EBITDA $ 2,195 $ 1,028 $ 1,167 $ 5,774 $ 3,030 $ 2,744 Weighted-average outstanding shares fully diluted 11,821 10,090 1,731 11,220 10,039 1,181 This document contains non-gaap financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our results, and providing meaningful period-to-period comparisons. These measures should be used in conjunction with, rather than instead of, their comparable GAAP measures. A reconciliation of non-gaap measures to the comparable GAAP measures presented in this document is contained at the end of this presentation and in the Company s most recent quarterly earnings press release. For an expanded discussion of our use of this non-gaap measure, please refer to the Earnings Release dated December 8, 2016. 18

Please contact investorrelations@dlhcorp.com or visit http://www.dlhcorp.com/investor-relations.aspx with any questions subsequent to the live call. 19