Jacobs Solutions (J) Investor presentation summary

Strategic direction and business model

• Focused on delivering end-to-end, science-based solutions across advanced manufacturing, cities, energy, environmental, life sciences, transportation, and water, with a global workforce of 47,000 and $12B in FY25 gross revenue.

• Business model emphasizes consulting, critical infrastructure, life sciences, advanced manufacturing, and water & environmental, with top industry rankings in multiple sectors.

• Balanced portfolio with 59% domestic and 41% international revenue, and diversified exposure across private, state, federal, and international clients.

• Integration with PA Consulting enhances business advisory, planning, engineering, and operations capabilities, unlocking new market opportunities.

• Digital and AI capabilities are embedded throughout the organization, driving margin improvement and capital efficiency, with a significant digital consulting footprint and partnerships such as with Palantir.

Financial performance and outlook

• FY25 adjusted net revenue reached $8.7B, with adjusted EBITDA margin at 13.9% and a target of 17%+ by FY29.

• Q3 FY26 results showed 8.3% y/y growth in adjusted net revenue, 16.7% y/y growth in adjusted EBITDA, and 27.3% y/y growth in backlog to $28.9B.

• FY26 outlook raised: adjusted net revenue growth of 9.5–10.0% y/y, adjusted EBITDA margin of 14.7–14.8%, adjusted EPS of $7.20–$7.30, and adjusted free cash flow margin of 8%.

• Multi-year growth targets: 6–8% CAGR in adjusted net revenue, 17%+ adjusted EBITDA margin, and 11%+ free cash flow margin by FY29.

• Strong track record of returning capital to shareholders, with >60% of free cash flow targeted for dividends and buybacks, and a $1.5B share repurchase authorization.

Market drivers and growth initiatives

• Positioned for generational infrastructure investment, with strong demand in water, transportation, energy, life sciences, and advanced manufacturing.

• AI investment is a major growth catalyst, with ~$1T annual capex driving demand in data centers, semiconductors, energy, and industrial water; 11% of adjusted net revenue directly tied to AI build-out.

• Digital twins and partnerships with NVIDIA enable faster, more efficient data center builds, with a 3x increase in pipeline opportunities year-over-year.

• Global delivery and cross-collaboration are increasing, with billable hours from global delivery expected to rise from 38% in FY24 to 52% in FY29.

• End-to-end solutions and digital innovation differentiate offerings in water, environmental, life sciences, advanced manufacturing, and critical infrastructure.