BMO Technology Summit
August 24, 2021
Safe Harbor
Certain information in this presentation is "forward-looking" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involves a high degree of risk and uncertainty. Forward-looking information includes estimates of the company's future financial and operating performance.
Certain data and statements in this presentation, other than those setting forth strictly historical information, are forward-looking and are not
guarantees of future performance. Actual results from these estimates might differ materially. Forward-looking information includes estimates of future financial and operating performance. Our future performance is subject to various risks and uncertainties, which are set forth in our reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on March 1, 2021. We specifically disclaim any intention or duty to update any forward-looking information contained in this presentation.
Notes to the financial and operating information (page 21) are an integral part of the information presented herein.
©2021 ASGN Incorporated. All rights reserved. 2
ASGN at a Glance (NYSE: ASGN)
Our Company | Our Markets | Our Customers |
ASGN Incorporated (NYSE: ASGN) provides information technology and professional services in the technology, digital and creative fields across commercial and government sectors
Deep, Trusted Relationships
- 9,000 customer relationships
- Relationships with ~300 of Fortune 500
- ~23,500 billable professionals
Commercial & Federal Government IT Services offer industry knowledge and depth, scalable solutions with expansive geographic reach
Track Record of Excellence
- ~$3.7 billion in LTM Revenue
- $421.5 million in LTM Adjusted EBITDA
- $324.0 million in LTM free cash flow
Support leading corporate enterprises and government organizations in developing, implementing and operating critical IT and business solutions through an integrated offering of professional staffing & IT consulting solutions
Growing Addressable Market
- U.S. addressable market of $320 billion
- Early mover in the "shared economy"
- Favorable tailwinds: digital transformation; migration of government agencies to the cloud; applications and project management skillsets in Agile, Cloud and Enterprise Resource Planning (ERP)
Historical information has been revised to present the Oxford business as discontinued operations
©2021 ASGN Incorporated. All rights reserved. 3
Investment Highlights
1 | ||
Increasingly | ||
7 | IT-Centric | 2 |
Experienced | Unique | |
Go-To- | ||
Management | ||
Market | ||
Team | ||
Strategy | ||
6 | 3 |
Strong Track | Significant |
Exposure | |
Record | to Federal |
in M&A | Government |
Marketplace | |
5 | 4 |
Flexible Cost | Strong Balance |
Sheet & | |
Structure | |
Liquidity | |
- Increasingly IT-Centric
Focus on higher-end,higher-margin IT consulting services and solutions, particularly those related to digital transformation. - Unique Go-To-Market Strategy
Diverse base of commercial and government clients, including large accounts that are stable sources of revenue and quick adopters of new technologies. - Significant Exposure to Federal Government Marketplace
26.9% of Q2 2021 revenues generated from federal and civilian agencies, which are typically better insulated from economic uncertainty than commercial companies. - Strong Balance Sheet & Liquidity
Solid free cash flow generation provides flexibility to direct funds in best interests of all stakeholders, including making acquisitions without additional leverage. - Flexible Cost Structure
Variable expense structure provides high conversion of free cash flow to Adjusted EBITDA. Conversion rate of 165.0% in Q2 2021. - Strong Track Record in M&A
History of successfully integrating acquisitions that have broadened client base and added key IT capabilities and contracts. Since the beginning of 2019, ASGN has acquired eight companies with an aggregate annual revenue run rate of ~$375 million. - Experienced Management Team
Led by industry experts who have successfully managed the business and its clients throughout market cycles.
Historical information has been revised to present the Oxford business as discontinued operations | ©2021 ASGN Incorporated. All rights reserved. 4 | |
ASGN: A Leader in High-End IT Services & Solutions
Federal Government IT
Solutions Offerings
Mission-critical IT services for the Federal Government
Commercial IT
Service Offerings
Digital transformation solutions for multiple commercial end markets
Strategy
Architecture
Design
Systems Deployment
(incl. upgrades)
Service Centers
Technical Staffing
©2021 ASGN Incorporated. All rights reserved. 5
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ASGN Inc. published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 00:13:01 UTC.