Jacobs : Investor Presentation

Published: 2025-02-18 14:11:06 ET J

Investor Day 2025

Challenge accepted.

Investor Day Agenda

Welcome & Opening Remarks

Bert Subin

Company Vision & Strategy

Bob Pragada

Growing the Core Business

Patrick Hill

Koti Vadlamudi

(Break - 15 Minutes)

Market Opportunities and Growth Initiatives

Shannon Miller

Financial Review and Outlook

Venk Nathamuni

Q&A and Closing

Bob Pragada

Venk Nathamuni

Chair and Chief

Chief Financial

Executive Officer

Officer

Shannon Miller

Patrick Hill

President, Strategy,

President,

Growth & Digital

Global Operations

Koti Vadlamudi

Bert Subin

Executive Vice President and

Senior Vice President,

GM, Global Business Units

Investor Relations

Forward-looking statement disclaimer

Certain statements contained in this presentation constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to

any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," "target," "goal" and similar words are intended to identify forward-looking

statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding our new corporate strategy, the size and expected growth rates of our core business identified in this presentation, expectations as to our future organic growth, the achievement of our financial targets and estimates, our ability to execute on our capital allocation strategies and to achieve the expected benefits and synergies from acquisitions and other strategic investments, and our ability to realize the benefits of the more focused, client-centric business model discussed in this presentation. Although such statements are based on management's current estimates and expectations, and/or currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain, and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. Such factors include:

The foregoing factors and potential future developments are inherently uncertain, unpredictable and, in many cases, beyond our control. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements see the Company's filings with the U.S. Securities and Exchange Commission, including in particular the discussions contained in our fiscal 2024 Annual Report on Form 10-K under Item 1 - Business, Item 1A - Risk Factors, Item 3 - Legal Proceedings, and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations; and in our most recently filed Quarterly Report on Form 10-Q under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and Part II, Item 1 - Legal Proceedings and Item 1A - Risk Factors. The Company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

Non-GAAP Financial Measures and Operating Metrics

To supplement the financial results presented in accordance with generally accepted accounting principles in the United States ("GAAP"), we present certain non-GAAP financial measures within the meaning of Regulation G under the Securities Exchange Act of 1934, as amended. These measures are not, and should not be viewed as, substitutes for GAAP financial measures. More information about these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found at the end of this presentation.

Reconciliation of forward-looking non-GAAP and other financial measures, including Adjusted Net Revenue, EBITDA, Adj. EBITDA, Adj. EBIDTA Margin, Adj. Gross Margin, Free Cash Flow Margin, and Free Cash Flow for future periods, to the most directly comparable GAAP measures is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation, including with respect to the costs and charges relating to transaction expenses, restructuring and integration and other non-recurring or unusual items to be incurred in such periods.

©Jacobs 2025

Company Vision &

Strategy

Bob Pragada

Chair and Chief

Executive Officer

Company Vision & Strategy

Growing the Core Business

Market Opportunities and Growth Initiatives

Operational Excellence

Financial Review and Outlook

Q&A

Closing Remarks

Key Messages

We are simpler

Positioned to

Investment

Leading position

Focused on

and more

thrive as

megatrends are

across Water and

financial

focused.

complexity rises

global and

Advanced

discipline and

and challenges

enduring.

Facilities where

profitable

intersect.

demand is strong.

growth.

We are a leading science-based consulting and advisory company delivering resilient, digitally enabled infrastructure solutions to our clients globally

©Jacobs 2025

Simplification Differentiation Insights Outlook

Our journey to higher value services and solutions

Government

Jacobs

Services

FY16

FY24

FY29E

$0.6B

$1.1B

~$1.9B

Energy,

Adj. EBITDA¹

Adj. EBITDA²

Chemicals and

Resources

FY16 Adj. EBITDA Margin¹

FY24 Adj. EBITDA Margin¹

FY29E Adj. EBITDA Margin²

7.7%

12.8%

16%+

FY16 FY19 FY21 FY24 FY29

A company like no other

Reimagining tomorrow. Today

Boldly moving forward

Assess and focus

Begin transformation

Continue transformation

¹Based on Adj. EBITDA and Adj. EBITDA Margin per our published presentations. Adj. EBITDA and Adj. EBITDA Margin shown for FY24 are on a continuing ops basis. ²Targeted Adj. EBITDA margin and total Adj. EBITDA. Reconciliation of targeted FY29 Adj. EBITDA to the most directly comparable GAAP measure is not available without

6 unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation, including with respect to the costs and charges relating to transaction expenses, restructuring and integration and other non-recurring due to restructuring or unusual items to be incurred in such periods.

Challenge accepted

Redefine the asset lifecycle

©Jacobs 2025

Simplification Differentiation Insights Outlook

Jacobs today - simpler and more focused

№1 ENR

Focused business model

Science-based innovation and end-to-end solutions

Scalable solutions delivered globally and digitally

Strong organic execution and financial discipline

% of Gross Revenue FY24

PA Consulting

Critical

10%

Infrastructure

38%

Life Sciences &

Water &

Advanced Manufacturing

Environmental

24%

28%

№1 - Top 500 Design Firms

№1 - Top 50 Program Management Firms

№1 - Wastewater Treatment

№1 - Data Centers

№1 - Pharmaceuticals

№1 - Semiconductors

№1 - Manufacturing

7 Note: Infrastructure & Advanced Facilities (I&AF) segment includes Water & Environmental, Life Sciences & Advanced Manufacturing and Critical Infrastructure end markets. Engineering News-Record (ENR) rankings from 2024 Top 500 Design Firms and Source Books

Simplification Differentiation Insights Outlook

Our strategic vision for Jacobs - redefining the asset lifecycle

Change the world?

Challenge accepted.

Making the world smarter, more connected and more sustainable by redefining the asset lifecycle for our clients

Science-based innovation: We are central

1 to how our clients shape their investments and deploy capital

End-to-end solutions: Leading by

2 providing end-to-end solutions that span our clients' asset lifecycle

Global delivery and digital

3 augmentation: We hire world-class talent, enabling scalable growth to redefine the asset lifecycle

Simplification Differentiation Insights Outlook

Our sector has improved significantly, and we are poised to lead

$3.0B

Peer group fundamentals

Flow*

$2.8B

consistently improving

$2.5B

Cash

$2.3B

Free

$2.0B

Margin Expansion

$1.8B

Organic Growth

$1.5B

2025

2016

2017

2018

2019

2020

2021

2022

2023

2024

We are bolstering our industry position

Significant margin expansion opportunity

Top-tier organic growth forecast

Strong balance sheet

*Note: Free cash flow compiled using Bloomberg estimates one fiscal year ahead for J, ACM, WSP, STN, TTEK; average net leverage used at Jacobs' FY end 2016 and FY end 2024

©Jacobs 2025

Simplification Differentiation Insights Outlook

The industry prioritizes project scope over client outcome

Industry Model

Project-centric

Not aligned with

Narrow focus on engineering

Limited advisory and

client investment lifecycle

services and management

digital footprint

Planning and

Engineering

Program and Construction

Operations and

Concept Design

and Design

Management (PM/CM)

Maintenance (O&M)

Primary

Larger

Client

focus areas

players

operated

©Jacobs 2025

Disclaimer

Jacobs Solutions Inc. published this content on February 18, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 18, 2025 at 19:10:07.758.