A National Asset for National Priorities 1 CACI International Inc Fourth Fiscal Quarter FY10 Earnings Conference Call August 18, 2010

A National Asset for National Priorities 1

CACI International IncCACI International Inc FourthFourth Fiscal Quarter FY10Fiscal Quarter FY10

Earnings Conference CallEarnings Conference Call

August 18, 2010August 18, 2010

A National Asset for National Priorities Q4 FY10Q4 FY10 2

Forward-looking StatementsForward-looking Statements

There are statements made herein which do not address historical facts, and therefore could be interpreted to

be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.

Such statements are subject to factors that could cause actual results to differ materially from anticipated

results. The factors that could cause actual results to differ materially from those anticipated include, but are not

limited to, the following: regional and national economic conditions in the United States and the United Kingdom,

including conditions that result from a prolonged recession; terrorist activities or war; changes in interest rates;

currency fluctuations; significant fluctuations in the equity markets; changes in our effective tax rate; in

connection with business combinations, including valuation of contingent consideration; failure to achieve

contract awards in connection with recompetes for present business and/or competition for new business; the

risks and uncertainties associated with client interest in and purchases of new products and/or services;

continued funding of U.S. government or other public sector projects, based on a change in spending patterns,

or in the event of a priority need for funds, such as homeland security, the war on terrorism or rebuilding Iraq, or

an economic stimulus package; government contract procurement (such as bid protest, small business set

asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the results of

government investigations into allegations of improper actions related to the provision of services in support of

U.S. military operations in Iraq; the results of government audits and reviews conducted by the Defense Contract

Audit Agency or other government entities with cognizant oversight; the insourcing of contractor positions by the

government; individual business decisions of our clients; paradigm shifts in technology; competitive factors such

as pricing pressures and/or competition to hire and retain employees (particularly those with security

clearances); market speculation regarding our continued independence; material changes in laws or regulations

applicable to our businesses, particularly in connection with (i) government contracts for services, (ii)

outsourcing of activities that have been performed by the government, and (iii) competition for task orders

under Government Wide Acquisition Contracts (“GWACs”) and/or schedule contracts with the General Services

Administration; the ability to successfully integrate the operations of our recent acquisitions; our own ability to

achieve the objectives of near term or long range business plans; and other risks described in the company’s

Securities and Exchange Commission filings.


Participants Participants

Participants for today’s call:Participants for today’s call:

—Paul Cofoni Paul Cofoni President & Chief Executive OfficerPresident & Chief Executive Officer

—Tom MutrynTom Mutryn Chief Financial OfficerChief Financial Officer

—Bill FairlBill FairlPresident of U.S. OperationsPresident of U.S. Operations

—Randy Fuerst Randy Fuerst Chief Operating Officer, U.S. OperationsChief Operating Officer, U.S. Operations


CEO Overview CEO Overview

Another year of meeting our major Another year of meeting our major financial objectives:financial objectives:

— Organic revenue growth of mid- to high-single Organic revenue growth of mid- to high-single digitsdigits

— Double-digit earnings growthDouble-digit earnings growth

Remain confident in our outlookRemain confident in our outlook

— Initiatives announced by Secretary Gates will Initiatives announced by Secretary Gates will present new opportunities for CACIpresent new opportunities for CACI

A National Asset for National Priorities Q4 FY10Q4 FY10

Excellent fourth quarterExcellent fourth quarter

— Revenue grew over 16%; net income, nearly 9%Revenue grew over 16%; net income, nearly 9%

— Record level of contract funding ordersRecord level of contract funding orders

— Strong operating cash flowStrong operating cash flow

— DSOs at a record low levelDSOs at a record low level

Exceptional fiscal year for CACIExceptional fiscal year for CACI

— Grew in each of our core competenciesGrew in each of our core competencies

— Record revenue, net income, diluted EPS, Record revenue, net income, diluted EPS, operating cash flow, and contract funding operating cash flow, and contract funding ordersorders

— Record year-end funded backlogRecord year-end funded backlog

— Revenue above $3 billionRevenue above $3 billion

— Employee base over 13,000Employee base over 13,000

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Confident that execution of our strategy Confident that execution of our strategy will generate results projected in FY11 will generate results projected in FY11 guidanceguidance

— Asymmetric threat of global terrorism remains Asymmetric threat of global terrorism remains highhigh

Secretary Gates initiatives and CACI:Secretary Gates initiatives and CACI:

— CACI work at BTA to be shifted to other CACI work at BTA to be shifted to other organizationsorganizations

— Negligible impact by elimination of The Joint Negligible impact by elimination of The Joint Forces Command, OSD NII and J-6 organizationsForces Command, OSD NII and J-6 organizations

— Goal of initiatives is to apply savings to force Goal of initiatives is to apply savings to force structure and modernization—same areas of structure and modernization—same areas of CACI’s focusCACI’s focus


Demand continues high for CACI services in Demand continues high for CACI services in C4ISR and Intelligence and Security C4ISR and Intelligence and Security ServicesServices

Vulnerability to cyber attacks will lead to Vulnerability to cyber attacks will lead to more demand for our cyber solutionsmore demand for our cyber solutions— CACI a recognized thought leader on cyber CACI a recognized thought leader on cyber

threats and solutionsthreats and solutions

Improving efficiency and effectiveness of Improving efficiency and effectiveness of DoD’s IT infrastructureDoD’s IT infrastructure— Aligns with CACI’s expertise in IT modernization Aligns with CACI’s expertise in IT modernization

and transformation of governmentand transformation of government— Already working with DoD customers to Already working with DoD customers to

consolidate and streamline architecturesconsolidate and streamline architectures— Consistent with other projects across the Consistent with other projects across the

governmentgovernment

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Demand drivers give us the confidence Demand drivers give us the confidence that FY11 will be another year of strong that FY11 will be another year of strong growthgrowth— Level of pending awards is higher than everLevel of pending awards is higher than ever— Very full pipeline for next several yearsVery full pipeline for next several years— Open personnel requisitions at a two-year Open personnel requisitions at a two-year

high and growinghigh and growing

Achieved CMMIAchieved CMMI©© Level 3 rating across Level 3 rating across entire companyentire company

Operational excellence drives our Operational excellence drives our financial performancefinancial performance

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Financial OverviewFinancial Overview

RevenuRevenuee

Up 16.4%Up 16.4%

Revenue increase in quarter driven by:Revenue increase in quarter driven by:• Organic revenue growth of 14.3%Organic revenue growth of 14.3%• Direct labor growth of 9.0%Direct labor growth of 9.0%• ODC growth of 25.8%ODC growth of 25.8%

$ in

million

s$ in

million

s

Operating Operating IncomeIncome

$ in

million

s$ in

million

s

Up 2.7%Up 2.7%

Positive effect of growth in direct labor ositive effect of growth in direct labor and ODCs partially offset by higher stock and ODCs partially offset by higher stock compensation expense and higher compensation expense and higher depreciation and amortizationdepreciation and amortization


Non-cash stock compensation expense:Non-cash stock compensation expense:— Revised in 2009 to provide performance-based Revised in 2009 to provide performance-based

restricted stockrestricted stock— Stock vesting ratably over three to four yearsStock vesting ratably over three to four years— 2009 and 2010 grants based on FY10 net income2009 and 2010 grants based on FY10 net income

• FY10 net income performance metrics exceededFY10 net income performance metrics exceeded— Expense for equity grants with performance Expense for equity grants with performance

metrics and graded vesting must be recorded on metrics and graded vesting must be recorded on an accelerated basisan accelerated basis

• Expense previously recorded on straight-line basisExpense previously recorded on straight-line basis— Impact on FY10:Impact on FY10:

• $14 million of additional stock-based compensation $14 million of additional stock-based compensation in FY10 compared to FY09, $9 million in 4in FY10 compared to FY09, $9 million in 4thth quarter quarter

• Reduced operating margin in quarter by 110 bps, Reduced operating margin in quarter by 110 bps, full year by 45 bpsfull year by 45 bps

10

Financial Overview Financial Overview


Treatment of acquisition-related Treatment of acquisition-related contingent consideration (earnouts):contingent consideration (earnouts):— In FY10, acquired three companies, all with 2 In FY10, acquired three companies, all with 2

year earnoutsyear earnouts— New accounting rules require:New accounting rules require:

• Determination of fair value of expected earnout Determination of fair value of expected earnout as of acquisition date; record on balance sheetas of acquisition date; record on balance sheet

• Re-evaluation of fair value of expected earnout Re-evaluation of fair value of expected earnout each quarter; reflect changes in income each quarter; reflect changes in income statementstatement

— Earnout reduced by $3 million in 4Earnout reduced by $3 million in 4thth quarter quarter• Reflected as a reduction in indirect costs and Reflected as a reduction in indirect costs and

selling expensesselling expenses

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Financial Overview Financial Overview


Financial OverviewFinancial Overview

CACI Net IncomeCACI Net Income

Effective tax rate—37.8% for the Effective tax rate—37.8% for the quarter, 36.5% for the yearquarter, 36.5% for the year

Diluted Diluted EPS Up EPS Up 6.5%6.5%

$ in

million

s$ in

million

s

$0.91$0.91

$0.96$0.96

Up 8.8%Up 8.8%

• UK operations:UK operations:• Revenue up 41.8% in quarter, 47.1% for the Revenue up 41.8% in quarter, 47.1% for the

yearyear• Net income up 42.0% in quarter, 59.7% for Net income up 42.0% in quarter, 59.7% for

the yearthe year


Cash and equivalents at 6/30 of $255 millionCash and equivalents at 6/30 of $255 million Cash flow from operations at $209 million for the Cash flow from operations at $209 million for the

year, $86 million for the quarteryear, $86 million for the quarter Free cash flow (operating cash flow – capital Free cash flow (operating cash flow – capital

expenditures) = $187 millionexpenditures) = $187 million Diluted adjusted EPS in FY10 of $5.39 vs diluted Diluted adjusted EPS in FY10 of $5.39 vs diluted

GAAP EPS OF $3.47GAAP EPS OF $3.47— Diluted adjusted EPS in 4Diluted adjusted EPS in 4thth quarter of $1.55 vs diluted quarter of $1.55 vs diluted

GAAP EPS of $0.96GAAP EPS of $0.96

Net debt of $277 million at 6/30Net debt of $277 million at 6/30

Financial OverviewFinancial OverviewDSODSOss


CACI Guidance for FY11CACI Guidance for FY11(As of August 17, 2010)(As of August 17, 2010)

This guidance represents our views as of August This guidance represents our views as of August 17, 2010. Investors are reminded that actual 17, 2010. Investors are reminded that actual results may differ from these estimates for results may differ from these estimates for reasons described in our Safeharbor Statement reasons described in our Safeharbor Statement and our filings with the SEC.and our filings with the SEC.

FY11 GuidanceFY11 Guidance Revenue (millions)Revenue (millions) $3,250 - $3,400$3,250 - $3,400

Net Income (millions) $116 - $122Net Income (millions) $116 - $122 Diluted EPSDiluted EPS $3.70 - $3.90 $3.70 - $3.90

Diluted shares (millions) 31.3Diluted shares (millions) 31.3

FY11 revenue expected to be 3 – 8% over FY11 revenue expected to be 3 – 8% over

’10’10

FY11 net income expected to be 9 – 15% FY11 net income expected to be 9 – 15%

over ’10over ’10

FY11 diluted EPS expected to be 7 - 12% FY11 diluted EPS expected to be 7 - 12%

over ’10over ’10


Operations OverviewOperations Overview

Contract funding orders grew 16% in the Contract funding orders grew 16% in the quarter; 14% for the yearquarter; 14% for the year— 80% of projected FY11 business to come from 80% of projected FY11 business to come from

contracts already held; 20% from recompetes contracts already held; 20% from recompetes and new businessand new business

Received approximately $293 million in Received approximately $293 million in awards; $2 billion for the yearawards; $2 billion for the year— Won all major recompetes in FY10Won all major recompetes in FY10— Recompete win rate equal to FY09; best rate Recompete win rate equal to FY09; best rate

over the past 6 yearsover the past 6 years

Prime position on $2.6 billion in Prime position on $2.6 billion in estimated ceiling value on other multiple-estimated ceiling value on other multiple-award IDIQ contracts won in FY10award IDIQ contracts won in FY10



U.S. Operations achieved CMMIU.S. Operations achieved CMMI©© Level 3 Level 3 ratingrating— Norfolk division achieved CMMI Level 5 ratingNorfolk division achieved CMMI Level 5 rating— High-level CMMI recognition assures our clients High-level CMMI recognition assures our clients

of high quality and best practices in software of high quality and best practices in software and systems engineeringand systems engineering

Intelligence business grew 20.4% in the Intelligence business grew 20.4% in the quarter, 21.2% for the yearquarter, 21.2% for the year— Represents 39.8% of our revenueRepresents 39.8% of our revenue

At the end of June:At the end of June:— $5 billion in proposals submitted for evaluation$5 billion in proposals submitted for evaluation

• Majority currently scheduled for award by the end Majority currently scheduled for award by the end of Decemberof December

— Expect to submit > $8 billion in new proposals by Expect to submit > $8 billion in new proposals by the end of Decemberthe end of December

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Open hiring requisitions > 400Open hiring requisitions > 400

Total of approximately 20 employees Total of approximately 20 employees working at JFCOM, OSD NII and J-6working at JFCOM, OSD NII and J-6

Approximately 160 people at BTAApproximately 160 people at BTA— Will see no negative impact as a result of Will see no negative impact as a result of

closureclosure

FY10 voluntary attrition rate lowest in 6 FY10 voluntary attrition rate lowest in 6 yearsyears

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Performance metrics of U.S. Operations Performance metrics of U.S. Operations point in right direction:point in right direction:— Contract funding orders and funded backlogContract funding orders and funded backlog— Recompete win rateRecompete win rate— Opportunity pipelineOpportunity pipeline— HiringHiring— RetentionRetention

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CEO Closing CommentsCEO Closing Comments

Expect to deliver another year of strong Expect to deliver another year of strong financial performance in FY11financial performance in FY11

Our services and solutions are vital to the Our services and solutions are vital to the most critical missionsmost critical missions

— Demand remains strongDemand remains strong

Our services are aligned with funding Our services are aligned with funding priorities of proposed FY11 budgetpriorities of proposed FY11 budget

— Will support government’s transformation Will support government’s transformation effortsefforts

Confident that we can meet our major Confident that we can meet our major financial goals for FY11 and beyondfinancial goals for FY11 and beyond

Documents

A National Asset for National Priorities 1 CACI International Inc Fourth Fiscal Quarter FY10 Earnings Conference Call August 18, 2010