ICF Investor Presentation Q4 2023
Operating cash flow, 2019 - 2024
$ M
Dividends
■ Debt Repayment + Other
■Share Repurchase ■ CAPEX
$173.1
$10.5
$162.2
$10.5
Operating Cash
Flow:
$155M
$152.4
$10.5
Capex:
$25M - $28M
$110.2
$113.5
$10.6
$91.4
$106.0
$100.5
$10.5
$59.7
$31.9
$20.5
$29.7
$21.2
$20.0
$19.1
$28.5
$19.4
$19.9
$24.5
$22.3
2019
2020
2021
2022
2023
2024 GUIDANCE*
Net Debt
$159.0
$301.9
$415.3
$550.1
$427.7
1
2
EBITDA
$128.9
$122.1
$142.0
$192.7
$198.3
Net Debt/
1
2
1.23x
2.47x
2.92x
2.86x
2.16x
EBITDA
1 Based on reported EBITDA of $157.2M plus: 1) pre-acq. EBITDA for SB (21.3M) and Blanton ($0.75M) and 2) one-time facility impairment charges ($13.3M)
2 Based on reported EBITDA of $197.0M plus pre-acq. EBITDA for CMY ($1.3M)
3 Based on full-year 2023 financials released on February 27, 2024
2020 included ~$50M of accelerated collections and deferral of $20M of employer social security tax liabilities to 2021/2022 under the CARES ActView entire presentation