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ICON Quarter 2, 2008 Results ended June 30, 2008 Dr. John Climax, Chairman Mr. Peter Gray, CEO Mr. Ciaran Murray, CFO. Forward Looking Statement. - PowerPoint PPT Presentation
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1
ICONQuarter 2, 2008 Results ended June 30, 2008
Dr. John Climax, Chairman
Mr. Peter Gray, CEO
Mr. Ciaran Murray, CFO
2
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.
Forward Looking Statement
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$147.0m
$166.9m$180.7m
$218.3m$201.3m
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Quarterly Net Revenue Growth
4
$16.1m$18.7m
$19.8m$21.5m
$24.4m
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Quarterly Operating Income
5
10.9%11.2% 11.0%
10.7%11.2%
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Quarterly Operating Margins
6
11.3% 11.6% 11.3% 11.0%11.5%
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Quarterly Clinical Core Operating Margin
7
Quarterly Central Laboratory Operating Margin
6.6% 7.0% 7.0% 7.5% 7.8%
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
8
56c53c49c
45c
62c
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
$14.5m$13.3m
$15.8m$16.9m
$18.8m
Quarterly Earnings per Share and Net Income
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June 30, 2008 Mar 31, 2008 Dec 31, 2007
Net Cash/(Debt) 6.9 (20.2) 23.8
Net Accounts
Receivable 202.4 210.0 178.0
DSOs 58 Days 67 Days 66 Days
Balance Sheet$ million
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Outlook
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$366m
$264m
$246m
$440m
$393m
$230m
$230m
$344m $369m$337m
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Gross AwardsNet Awards
Business Wins
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$1,633m$1,486m
$1,300m$1,125m$1,049m
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
Total Backlog
13
$752m
$690m
$589m
$542m
$493m
Q2 2007 Q3 2007 Q4 2007 Q1 2008 Q2 2008
76%77% 77%76%
79%
Backlog forecast to be earned in the next12 months (US$ & % of total forecasts)
77%
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Prior Guidance Revised Guidance(issued April 29, 08) (issued July 22, 08)
Revenue $840 - 860m $870 - 890m
EPS $2.35 – $2.45 $2.46 – $2.52
Guidance increased
15
Questions &
Answers
Dr John Climax, Chairman
Mr Peter Gray, CEO
Mr Ciaran Murray, CFO
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Q2 net revenues ↑ 48.5%
Q2 income from operations ↑ 51.9%
Q2 EPS ↑ 37.7%
$337 million of net new business wins
Book-to-bill ratio 1.5
Guidance raised revenue $870 - $890m and EPS $2.46 - $2.52
Summary Quarter 2, 2008