Q1 2021 Earnings

Supplemental Materials

Revised - July 1, 2021

Safe Harbor

Certain statements made in this presentation are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and involve a high degree of risk and uncertainty. Forward-looking statements include statements regarding our anticipated financial and operating performance.

All statements in this presentation, other than those setting forth strictly historical information, are forward-looking statements. Forward- looking statements are not guarantees of future performance and actual results might differ materially. In particular, we make no assurances that the proposed revenue scenarios outlined in this presentation will be achieved. Additional examples of forward-looking statements in this presentation include, without limitation, our ability to attract, train and retain qualified staffing consultants, the availability of qualified contract professionals, management of our growth, continued performance and improvement of our enterprise-wide information systems, our ability to manage our litigation matters, the successful integration of our acquired subsidiaries, and other risks detailed from time to time 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 statements contained in this presentation.

©2021 ASGN Incorporated. All rights reserved. 2

Summary of Consolidated Financial Data - Q1 2021

OPERATING DATA

Q1 2021

Y-Y

Continuing Operations:

Revenues

$

907.0

4.8%

Gross Profit

243.8

0.5%

Gross Margin

26.9%

(1.2%)

Adjusted EBITDA1

96.9

5.1%

GAAP Income

$

42.7

9.1%

Adjusted Income1

$

55.1

5.8%

Discontinued Operations:

GAAP Income

$

5.9

28.0%

Adjusted Income1

$

6.5

15.2%

Net Income14

$

48.7

11.1%

Adjusted Net Income1, 14

$

61.6

6.8%

REVENUE MIX

28.4%

24.6%

41.4%

34.9%

71.6%

75.4%

65.1%

58.6%

Q1 2021

Q1 2020

Q1 2021

Q1 2020

Commercial

Federal

Assignment2

Consulting

BALANCE SHEET & OTHER

Cash & Cash Equivalents

3/31/21

12/31/20

$

386.5

$

274.4

Working Capital:

Continuing Operations

$

604.4

$

540.5

Discontinued Operations

40.9

37.7

$

645.3

$

578.2

Long-Term Debt:

Secured Facility

$

483.7

$

483.4

Unsecured Notes

550.0

550.0

$

1,033.7

$

1,033.4

Total Stockholders' Equity

$

1,645.8

$

1,587.1

CASH FLOW DATA

Q1 2021

Y-Y

Continuing Operations:

Operating Cash Flows

$

114.1

94.8%

Free Cash Flow

$

106.8

136.0%

Total (Includes

Discontinued Operations):

Operating Cash Flows

$

119.8

86.9%

Free Cash Flow

$

110.5

126.4%

Senior Secured Leverage Ratio3

1.26 to 1.0

Revolving Credit Facility

Availability

$250.0 Million

©2021 ASGN Incorporated. All rights reserved. 3

Commercial Segment

REVENUES BY TYPE

$652.6

$615.8

$637.2

$649.3

$592.3

$89.6

$117.5

$109.4

$96.6

$85.3

$563.0

$507.0

$519.2

$527.9

$531.7

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

Assignment 2

Consulting

Commercial Revenues

REVENUES BY INDUSTRY VERTICAL5

% Change

($ in millions)

Q1 2021

Y-Y

Seq.

Financial Services

$

166.9

14.4%

(1.7%)

Consumer & Industrials

129.9

(15.6%)

7.4%

Healthcare

111.4

17.4%

3.4%

TMT (Technology, Media & Telco)

132.2

(5.6%)

3.1%

Business & Government Services

108.9

(7.7%)

(1.6%)

$

649.3

(0.5%)

1.9%

GROSS PROFIT & GROSS MARGIN

$205.5

$198.6

$198.8

$190.5

$183.6

31.5%

31.0%

30.9%

31.2%

30.6%

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

Gross Profit

Gross Margin

RECENT TRENDS

  • Commercial bookings on a strong trajectory, with the rate of bookings heading into Q2 higher than Q1. Particular traction in work related to digital innovation and modern enterprise solutions across cloud, data & analytics, and digital business transformation engagements.
  • Pipeline of consulting work for the quarter grew at high double-digit rates over the prior-year period, and consulting gross margins outperformed overall commercial gross margin

©2021 ASGN Incorporated. All rights reserved. 4

Federal Government Segment

REVENUES & GROSS PROFIT

% Change

($ in millions)

Q1 2021

Q1 2020

Q4 2020

Y-Y

Seq.

Revenues

$

257.8

$

212.7

$

263.2

21.2%

(2.1%)

Gross Profit

$

45.0

$

37.1

$

42.1

21.3%

6.9%

REVENUES BY CONTRACT TYPE

CONTRACT BACKLOG6

($ in millions)

3/31/21

12/31/20

3/31/20

Funded Backlog7

$

458.7

$

444.5

$

490.6

Unfunded Backlog8

2,221.3

2,201.7

2,186.7

Total

$

2,680.0

$

2,646.2

$

2,677.3

TTM RATIOS

3/31/21

12/31/20

3/31/20

Backlog Coverage Ratio9

2.5x

2.6x

3.0x

TTM Book-to-Bill10

0.9 to 1.0

1.0 to 1.0

2.0 to 1.0

Q1 2021

Q1 2020

Q4 2020

Firm-Fixed-Price

23.5%

26.8%

26.9%

Time and Materials

35.2%

34.0%

33.4%

Cost Reimbursable

41.3%

39.2%

39.7%

REVENUES BY CUSTOMER

Q1 2021

Q1 2020

Q4 2020

Defense and Intel

55.6%

54.0%

54.7%

Federal Civilian

35.9%

39.8%

35.9%

Other

8.5%

6.2%

9.4%

RECENT TRENDS

Recognitions

  • Named first Certified Analytics Professionals Preferred Employer in federal services space11
  • Ranked #1 in the 2021 Top 100 Managed Security Service Providers (MSSPs) list conducted by MSSP Alert! and Channel2E12
  • ISO 9000 and 20000 recertification

Recent Significant Contracts

DoD/Intelligence

  • Awarded contract to provide comprehensive enterprise and mission-embedded IT support for Sandia National Laboratories
  • Won recompete of classified Navy IT and Cybersecurity program

Federal Civilian

  • 10+ new awards or expansion of ServiceNow modernization efforts

©2021 ASGN Incorporated. All rights reserved. 5

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ASGN Inc. published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2021 11:21:02 UTC.