Jacobs Solutions (J) Investor presentation summary

Strategic direction and business model

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

• Business model emphasizes consulting, digital innovation, and cross-collaboration, integrating PA Consulting to unlock new market opportunities.

• Portfolio is balanced across North America and international markets, with strong exposure to public and private sectors.

• Leading industry rankings in design, data centers, wastewater, pharmaceuticals, semiconductors, airports, and manufacturing.

Financial performance and outlook

• FY25 adjusted net revenue reached $8.7B, with adjusted EBITDA margin at 13.9%; targeting 17%+ by FY29.

• Q2 FY26 saw 14.2% y/y growth in adjusted EBITDA and 21.7% y/y growth in backlog, reaching $27B.

• FY26 outlook raised: adjusted net revenue growth of 8.0–10.5%, EBITDA margin of 14.6–14.9%, and adjusted EPS of $7.10–$7.35.

• Free cash flow margin targeted at 11%+ by FY29, with capital intensity steady at ~1% of revenue.

• Over 60% of free cash flow returned to shareholders in the past four years; $1.5B share repurchase authorization in place.

Market positioning and growth drivers

• Serviceable addressable market exceeds $700B across water, environmental, advanced facilities, energy, transportation, and cities, with 6–8% adjusted net revenue CAGR forecast FY25–29.

• Secular growth drivers include water scarcity, energy transition, digital expansion, and major infrastructure investments.

• Strong backlog and pipeline: $27B in near-term backlog and $130B in total pipeline, up 27% y/y.

• Leading positions in life sciences, advanced manufacturing, and critical infrastructure, with robust growth in data centers, semiconductors, and transportation.