Combination Creates a Government Services Prime
Jacobs CMS + C&I Overview
Company Overview
■ Mission critical support services to key defense, space, energy, commercial and
intelligence customers
☐
Marquee contract positions include JETS II (NASA), COMET (NASA), IRES (MDA), Idaho
Cleanup Project (DOE), Paducah (DOE)
Recognized capabilities aligned to global priorities in the areas of national security, space,
and nuclear energy, supplemented by expertise in future-oriented high tech areas
Targeted capabilities in fast-growing cyber, intelligence, and ISR sectors across DOD and
FedCiv clients
■ Business development driven by relationship-based sales approach and history of past
performance, with a growth strategy focused on emerging technologies
Summary Financials
~$5.5B
2023 Revenue
~8%
2023 Adj. EBITDA Margin
+96%
2023 Free Cash Flow
Conversion¹
Key Statistics
$23B
Current Backlog
~4.2x
Backlog /
Revenue
(FY 2023A)
18k
Employees
>50%
Employees with
Clearance
Separation Perimeter Business Units from DVS Sharing Strategic, Operational and Systems Fit with CMS
Business Mix²
End Market³
Segment
$0.9B
2023 Revenue
Business Units
Energy, Security
Advanced Intelligence
RDT&E
Telecom 3%9%
and Technology
Defense
35%
35%
7%
17%
Space
29%
50%
Energy & Env.
Advanced Engineering,
Research & Operations
Cyber and
Intelligence
85%
15%
In
Perimeter
☐
Cyber and Intelligence
Solutions
Most of Technology &
Innovative Solutions
15%
Stays w/
Jacobs
BlackLynx
StreetLight Data
Other Platforms, Technologies
and Software Solutions
1 Defined as (Adj. EBITDA - Capex) / Adj. EBITDA. 2 Based on FY23 Adj. EBITDA 3 As of 3/31/23.
☐
Rationale
Includes segments serving federal / federal civilian customers with clear connectivity and
synergies with CMS
Ability to deliver C&I technical capabilities to CMS intelligence and defense community
customers
Value to key CMS customers including Air Force and Space Force
-
Ability to utilize CMS' sales organization and GWAC contracts to drive accelerated C&I
-
growth and access to larger contracts (i.e., IDIQ vehicles at CMS)
Increased resource utilization of support functions through scale in government services
Support P&PS customers and are predominately commercial contracts
House technologies that are utilized in P&PS end-markets, including water and
transportation
Jacobs 2023View entire presentation