ICON Quarter 2, 2009 Results ended June 30, 2009 Dr. John Climax, Chairman Mr. Peter Gray, CEO

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1 ICON Quarter 2, 2009 Results ended June 30, 2009 Dr. John Climax, Chairman Mr. Peter Gray, CEO Mr. Ciaran Murray, CFO

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ICON Quarter 2, 2009 Results ended June 30, 2009 Dr. John Climax, Chairman Mr. Peter Gray, CEO Mr. Ciaran Murray, CFO. Forward Looking Statement. - PowerPoint PPT Presentation

Transcript of ICON Quarter 2, 2009 Results ended June 30, 2009 Dr. John Climax, Chairman Mr. Peter Gray, CEO

Page 1: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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ICONQuarter 2, 2009 Results ended June 30, 2009

Dr. John Climax, Chairman

Mr. Peter Gray, CEO

Mr. Ciaran Murray, CFO

Page 2: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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Certain statements contained herein including, without limitation, statements

containing the words “believes,” “anticipates,” “intends,” “expects” and words of

similar import, constitute forward-looking statements concerning the Company's

operations, performance, financial condition and prospects. Because such

statements involve known and unknown risks and uncertainties, actual results

may differ materially from those expressed or implied by such forward-looking

statements. Given these uncertainties, prospective investors are cautioned not to

place undue reliance on such forward-looking statements. The Company

undertakes no obligation to publicly update or revise any forward-looking

statements, whether as a result of new information, future events or otherwise.

This presentation includes selected non-GAAP financial measures. For a

presentation of the most directly comparable GAAP financial measures, please

refer to the press release consolidated income statement headed Consolidated

Income Statements (Unaudited) (US GAAP)

Forward Looking Statement

Page 3: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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$218.3m $220.0m

Q2 2008 Q2 2009

Quarterly Net Revenue Growth

Page 4: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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$24.4m

$29.3m

Q2 2008 Q2 2009

Quarterly Operating Income

Page 5: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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11.2%12.0% 12.0% 12.2%

13.3%

Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009

Operating Margins(After charging non-cash stock compensation expense (SFAS123R))

Page 6: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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38c

31c

Q2 2008 Q2 2009

$22.8m

$18.8m

Quarterly Earnings per Share and Net Income

Page 7: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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Quarter ended

June 30, 2009

Quarter ended

March 31, 2009

Year ended

Dec 31, 2008

Cash from operating

activities 103.0 24.7 81.3

Capital Expenditure 8.3 8.1 67.9

Net Cash / (Debt) 83.2 (2.2) (4.3)

Net Accounts Receivable 163.6 210.3 230.3

DSOs 49 days 59 Days 69 Days

Balance Sheet$ million

Page 8: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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Outlook

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Business Wins

$296m

$393m

$394m

$321m

$317m

$337m$350m

$261m

$265m$266m

Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009

Gross Awards

Net Awards

1.21.21.2

1.51.6

Book to Bill

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$1,859m$1,784m$1,748m$1,736m$1,633m

Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009

Total Backlog

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$679m$673m$707m

$763m$752m

Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009

77%77%74%

71%

75%

Backlog forecast to be earned in the next12 months (US$ & % of total forecasts)

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Guidance updated

Prior GuidanceImplied Q1

Update Updated Guidance

(issued 9th Jan 09)   (issued 22nd July 09)

Revenue $930 - $980 m $930 m $880 - $900 m

     

EPS $1.40 - $1.52 $1.40 $1.38 - $1.44

Omaha Dilutive Impact   (0.04 - 0.06c)  

Implied Guidance $1.34 - $ 1.36  

Page 13: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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Questions &

Answers

Dr John Climax, Chairman

Mr Peter Gray, CEO

Mr Ciaran Murray, CFO

Page 14: ICON Quarter 2, 2009 Results ended  June 30, 2009 Dr. John Climax, Chairman  Mr. Peter Gray, CEO

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Q2 income from operations ↑ 20%

Q2 Operating margin of 13.3%

Q2 EPS ↑ 22%

Net cash of $83.2 million, Q2 v $2.2m of net debt, Q1

Book-to-bill ratio 1.2

Summary Quarter 2, 2009