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: 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
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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