Jacobs Solutions (J) Investor presentation summary

Strategic direction and business model

• Focused on delivering end-to-end, science-based solutions across water, environmental, life sciences, advanced manufacturing, critical infrastructure, and consulting sectors, with a global presence in 40 countries and 43,000 employees.

• Business model emphasizes digital innovation, cross-collaboration, and scalable solutions, with leading positions in multiple ENR industry rankings.

• Integration with PA Consulting enhances advisory and upstream capabilities, unlocking new market opportunities.

• Balanced portfolio with diverse revenue sources and strong positioning to benefit from infrastructure investment and macroeconomic tailwinds.

• Digital and AI capabilities are embedded throughout operations, driving margin improvement and capital efficiency.

Financial performance and outlook

• FY25 gross revenue is $12.0B, with adjusted net revenue of $8.7B and an adjusted EBITDA margin of 13.9%.

• Q1 FY26 adjusted net revenue grew 8.2% year-over-year to $2.25B, with adjusted EBITDA up 7.3% and backlog up 20.6% to $26.3B.

• FY26 outlook raised: adjusted net revenue growth of 6.5% to 10.0% y/y, adjusted EBITDA margin of 14.4% to 14.7%, and adjusted EPS of $6.95 to $7.30.

• Targeting 6–8% organic adjusted net revenue CAGR and 10–14% adjusted EBITDA CAGR through FY29, with EBITDA margin expansion to 16%+.

• Free cash flow margin expected to exceed 10% by FY29, with low capital intensity and strong cash generation.

Market positioning and growth drivers

• Serviceable addressable market exceeds $700B across water, environmental, advanced facilities, energy, transportation, and cities.

• Secular growth drivers include water scarcity, energy transition, digital expansion, and major infrastructure investments in the U.S. and Middle East.

• Backlog and pipeline are robust, with $26B in near-term backlog and $121B in total pipeline, supporting multi-year growth.

• End markets forecast 6–8% adjusted net revenue CAGR from FY25–29, with strongest growth in water, environmental, life sciences, and advanced manufacturing.

• Leading positions in key markets: #1 in wastewater, semiconductors, pharmaceuticals, airports, and manufacturing.