Organizational Transformation and Financial Outlook
Updating financial metrics, aligned with profitability and cash generation
Pro Forma Net Revenue Metrics
FY19 Outlook (excl. ECR)
•
Net revenue growth of 16% in fiscal 2018
•
•
.
•
Adj. operating profit as a percentage of net revenue
7.2% in fiscal 2018
BIAF net revenue growth of 12% in fiscal 2018
Adjusted Pro Forma EBITDA (excl. ECR) of $920M to $1.0B
·
Depreciation of ~$80M
.
Net interest expense and other income of ~$30M
•
•
BIAF adj. operating profit as a percentage of net
revenue 10%
ATN gross revenue equals net revenue, with no
impact to operating profit margin
Tax rate of ~25%
Weighted average share count of ~139M benefiting from partial
year impact of share buy-back activity
New Pro Forma Adjusted EPS Outlook of $4.40 to $4.80
Excludes ECR discontinued operations, ECR costs in continuing
operations, incremental pre-close interest and amortization of
acquired intangibles
New Adj. pro forma EPS $4.40 to $4.80 with $5+ FY20 earnings power
13
¹Net revenue calculated by excluding pass through revenues of BIAF
JACOBS
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