Fiscal Year st Quarter Earnings Conference Call

Transcription

1 Fiscal Year st Quarter Earnings Conference Call January, 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. We also caution the readers of this presentation that we do not undertake to update any forward-looking statements made herein. January 2015 Fiscal Year st Quarter Earnings Slide 2

3 Outline Kevin Berryman Financial highlights Noel Watson Growth strategy George Kunberger Business Overview and Outlook January 2015 Fiscal Year st Quarter Earnings Slide 3

4 Financial Highlights for the Quarter Diluted EPS of $.77, up 8.5% from $.71 a year ago Net earnings of $100.1 million, up 6.8% from $93.7 million a year ago Backlog rose to $19.1 billion, up 5.8% from $18.1 billion a year ago Book-to-bill 1.08 for trailing twelve Strong balance sheet Repurchase of 2.5 million shares; total repurchases of 4.0 million shares Cash of $670.1 million Cautious stance on guidance January 2015 Fiscal Year st Quarter Earnings Slide 4

5 Backlog Field Services Backlog ($ billions) Technical Professional Services Backlog ($ billions) Q1-FY11 Q1-FY12 Q1-FY13 Q1-FY14 Q4-FY14 Q1-FY15 January 2015 Fiscal Year st Quarter Earnings Slide 5 Professional Services Backlog a Leading Indicator

6 Growth Strategy Differentiate with our relationship-based business model Leverage market diversity Expand geographic presence through multi-domestic strategy Use cash position to promote growth Continue to drive down costs January 2015 Fiscal Year st Quarter Earnings Slide 6

7 Our Relationship Model Fuels Growth Long-Term Relationships Trust/Client Knowledge Continuous Improvement Superior Value Reinvest Steady Earnings Growth Growth Fueled by Clients Lower Cost of Doing Business Repurchase Loyalty Manageable Risk January 2015 Fiscal Year st Quarter Earnings Slide 7 Building a Strong Reputation in Each Market We Serve

8 Market Diversity National Government 19% Chemicals 23% 37% Infrastructure 11% Oil & Gas (Upstream) 7% 46% PharmaBio Mining & Minerals Buildings 7% 17% 4% 7% 6% Refining (Downstream) 16% Power, Pulp & Paper, High Tech, Food & Consumer Products Revenues for twelve months ended 12/26/14: $12.8 billion January 2015 Fiscal Year st Quarter Earnings Slide 8 Maximizing Opportunities Through Evolving Cycle

9 National Government: Steady Growth Opportunities worldwide; defense and security in US, UK, AUS and Asia US midterm elections: greater budget certainty; increasing DoD & federal civilian task orders Nuclear business overall robust; opportunities increasing in US and UK Intelligence submarket strong; gaining market share Infrastructure: Strong Public & Institutional Transport infrastructure market buoyant in US, AUS, ME, UK; steady spending growth Growing utility and water demand globally Social development policies in KSA yield opportunities; presence & relationships key Frameworks w/global commercial clients; infrastructure and building skills + global footprint Buildings: Steady Growth 7.2 Backlog (Billions) Increase in US public sector work; upsurge in DoD federal spending Strong global healthcare prospects; healthcare facility spending in GCC up 86% since 2009 Education strong globally; US bond elections; conversions Q1-13 Q1-14 Q4-14 Q1-15 Growing buildings work with non-public sector clients: headquarters, mission critical, retail January 2015 Fiscal Year st Quarter Earnings Slide 9

10 PharmaBio: Strong Client investments in India, Asia, Europe; historic strength + global footprint differentiators Standing strong amidst competitive pressures; award-winning industry leader Exciting opportunities in immunotherapy and vaccine manufacturing facilities Industrial Mining & Minerals: Stable Sustaining capital work continues to grow Studies and spending from majors beginning; Q1 stronger than expected Brownfield projects present ongoing opportunities, yet clients still cautious; mid-tiers; strong relationships Backlog (Billions) Power, Pulp & Paper, High Tech, Food & Consumer Products: Mixed Middle East power market gaining momentum; new build capacity in UK and Europe Greenfield/brownfield global opportunities: facility upgrades >$5b in US; paper machine conversions Industrial Agriculture sector in Australia/New Zealand growing; long term investment Q1-13 Q1-14 Q4-14 Q1-15 January 2015 Fiscal Year st Quarter Earnings Slide 10

11 Refining: Mixed Continued investment in North America, Europe, ME; certain projects likely delayed ISA 84 regulations drive new spending Upgrades, improvements for operating efficiency and output still strong Process Oil & Gas: Weak Brownfield & enhanced recovery work still economical; some greenfield delays/cancellations Shift to high ROI basins in US; clients seeking new onshore & offshore capacity; footprint key Sustaining capital work continues to be stable Backlog (Billions) Chemicals: Strong Broadly, chemical investment remains strong globally; pure chemical companies benefit Large energy clients experience ROI hurdles for certain projects Strong chemical resume plus global delivery are key strengths Q1-13 Q1-14 Q4-14 Q1-15 January 2015 Fiscal Year st Quarter Earnings Slide 11

12 Acquisitions 2014 Buildings, Infrastructure, Water, Mining & Minerals, Power, Process, Telecommunications, National Government (Intelligence/IT), Upstream (pipelines) Australia, China, South Africa, South America, UK, US 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 Historic strength Important to our growth model Strong cash position enables action on large and small acquisition opportunities 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 1994 Pulp & Paper, Buildings US January 2015 Fiscal Year st Quarter Earnings Slide 12 ~1/3 of our Growth Historically Comes from Acquisitions

13 Why Jacobs: A History of Solid Growth 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 January 2015 Fiscal Year st Quarter Earnings Slide 13

14 National Government Chemicals PharmaBio Food & Consumer Products Buildings Oil & Gas Upstream Mining & Minerals High Tech Infrastructure Refining Downstream Power Pulp & Paper January 2015 Fiscal Year st Quarter Earnings Slide 14

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