CACI International Inc at Stifel Cross Sector Insight Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : So maybe if we could start just, you know, maybe a quick overview of the company, what you're doing, but maybe what you're doing that's changing because you've seen some pretty serious momentum in the last 6 to 12 months on the contract side.

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : Sure. So maybe if we distill that down into some areas, you've made that investment over the last decade, I mean, that's been counter-UAS. It's been cyber. It's been dark web. It's been CSFC. It's been electronic warfare signals intelligence. And then there's been some AI components, all of that demand. I think that release will show shouldn't sort of showed up when you one spectral, at least in terms of here's a greater than $1 billion contract where you're being sort of passed on something that you typically think of a prime that cede. Can you maybe give us sort of an assessment of what spectral meant to CSDI? Do you see other awards like that out there and how important has that been for sort of the proof of what you're doing in EW?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : In terms of maybe like what they're just trying to essentially what's changed because all the sudden, I mean, you've been investing in this for wireless at Landover offers volume there, no new on. And it seems like maybe with [MSA] has which I guess would have been like announced '22 and sort of at a protest by '23, that sort of started this waves that resides has there was an [MSA] award. It there was no additional work on new screening contract network that hyperspectral network modernization is all sort of started to flow after that. It is. Is that coincidental? Is there something that happened? Was it better funding environment? Like what changed to take the Company from 3% growth to 11%? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2024 / 7:00PM, CACI.N - CACI International Inc at Stifel Cross Sector Insight Conference

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : Where are we in the lifecycle? I mean, if we think about I tap into these other may major wins at some of them, I think the NSA one that's more or less fully ramped, and it has certainly still early days. It sounds like spectral still early days. I forget how long does that ramp process as I get you to '25? Is that going into '26? Or is it sort of by that is what you're thinking about the next iteration of jobs?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : What's the upper limit on growth? And I asked because I think you did just over 10% organic. I think the guide would imply a little more than that of the fiscal fourth quarter. I don't know you're less reliant on headcount, but there's still an element to that. Your expertise business. I mean, is there if you wanted to grow margin just given the success you've had? I mean, is that a feasible? Also do you want to grow faster?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : So, it didn't sound like necessarily if they squeeze that side. I mean, I guess the reason I ask is the funding environment over the last six weeks is certainly on better than the first quarter. You had O&M outlays flattish, but then you had the budget appropriated in March and then you had supplemental funding package capacity, April. So presumably, the funding environment should be pretty strong, so at least September. And so, REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2024 / 7:00PM, CACI.N - CACI International Inc at Stifel Cross Sector Insight Conference if you're thinking about the potential to, I guess, go after, you know, potentially additional on-contract growth, I mean, one, do you think that our process and this funding environment and to it sounds like you think you could snap it as needed?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : Maybe separating it out. I think the thing that's unique about you at least the public world, there's one that's now private is your exposure to intelligent spending because people would agree that intelligence is going to continue to get funded. It is pretty healthy rate. What can you walk us through a little bit of maybe what you're doing on that side that the relief that you could talk about? How much of that flows into the technology side, how much flows into the expertise side?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : Maybe tying this back to some of the tech you invested in, you mentioned the network security jobs. I think that part of that came from some acquisition we did in the CSFC. side. And maybe how did that migrate into that arena? And how does all of the time of the fiber figures? I feel like people bring up CyberLite and we were talking about for a while and it's grown a lot over the last decade. And so we maybe where do you think we are that life cycle or does network security --?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : So I want to get to the financials of it. Maybe before we do that. We talked about network security, you're talking about cyber attacks, but EW, I think we have talked about is photonics. And I know that's a bet that you guys have made and it seems to be getting to a position where maybe getting to sort of the latter innings on investment and getting closer to where production to start to spool up. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2024 / 7:00PM, CACI.N - CACI International Inc at Stifel Cross Sector Insight Conference And that could certainly be a tailwind for the company. I guess, firstly, if you had to rank these things DWC again, photonics network, security, cyber, like how are you thinking about that? They all sort of similar? Is there one that's sort of ahead of it is VW winning? And then two, what should we be watching on the Photonics side? Could that be meaningful or is that still years out?

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : So maybe wrapping this all up, I think if we go back east to talk about ever-increasing margins and you still talk about that. But I think the shift has been more return on invested capital, more free cash flow per share as we think further out, like certainly as some of these Knology investments are still early things not reasonable to think over a long enough period of time that it still is ever increasing margins, and that's just one of the tools that gets you to free cash growth? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 04, 2024 / 7:00PM, CACI.N - CACI International Inc at Stifel Cross Sector Insight Conference

Question: Bert Subin - Stifel, Nicolaus & Company, Incorporated - Analyst : Just maybe last question. You've done something like I guess now it's probably 91 deals in your history. We talked about a lot of the capabilities you now have. Is there anything you feel like missing or do you think it's just a matter of you good position for Morgan standpoint and the build out capabilities?