Q4 and Full Year 2023 Investor Presentation
Full Year
Financial Highlights
Growth
Profitability
+18%
+37%
+44% 7
$1.33
5.0%
$2,799
$139
$72
$101
Adj. EBITDA
Margin (2)
EPS
$50
$2,369
Revenue ($M)
Adj. EBITDA ($M)
2022 2023
2022 2023
Cash
+26%
Operations
+26%7
Net Income ($M)
12022 2023
>$3.6B
Securements
~$1.1B
$3.0
$144
Pending
Backlog(2)
in 2023
$2.5
$114
$2.6
$3.4
Backlog(2)
Operating Cash Flow
2022
(3)
2022
2023
Recurring
Revenue MSAs
2023
1.29x
Book to
Bill Ratio(4)
Key Performance Drivers
Developing and attracting
Top Talent
bird
Track record of accretive M&A,
four in past four years
Risk-balanced, highly collaborative
Backlog and Pending Backlog with
accretive embedded margins
Significant momentum for continued
0000 revenue and earnings growth
Balance sheet positioned to support
continued growth and sustainable
returns to shareholders
(1) Adjusted Earnings and Adjusted EBITDA are non-GAAP financial measures. Refer to the Disclaimer slides for more information on Terminology and Non-GAAP & Other Financial Measures.
(2) Refer to the Disclaimer slides for more information on Terminology and Non-GAAP & Other Financial Measures.
(3) Operating Cash Flow - Refer to the consolidated statement of cash flows - "Cash flows from operations before changes in non-cash working capital".
(4) Book to Bill is a supplementary financial measure representing the ratio of total bookings in the period to total revenue for the period.
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