CACI International Inc at UBS Global Industrials & Transportation Conference Summary

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

Question: Gavin Parsons - UBS Equities - Analyst : <_ALACRA_META_ABSTRACT>I'm just going to dive right in and maybe start with a high level. Over time, the battlefield has evolved quite a lot and CACI has evolved quite a lot. Maybe can you just talk about what that evolution has been over the last decade and how you guys have positioned differently than where you were 10, 15, 20 years ago?

Question: Gavin Parsons - UBS Equities - Analyst : Great. Two things that you guys have touched on just now at the Investor Day. What is the outcome-based solutions and the other is more software defined. I mean you've been talking to me about outcome-based solutions for a long time. I'll come back to government efficiency. But I mean, is government efficiency something that actually could accelerate that for you?

Question: Gavin Parsons - UBS Equities - Analyst : Where I wanted to go with it. I appreciate it. A year ago. I think those is obviously a wildcard. And one thing that's been discussed a lot is what can be done with either executive action or from the head of agencies versus going through Congress. Any thoughts on that setup of where that efficiency push would come either from Congress or from the agencies themselves?

Question: Gavin Parsons - UBS Equities - Analyst : So it sounds like not to put words in your mouth, but your view is that national security will remain a key priority for Congress?

Question: Gavin Parsons - UBS Equities - Analyst : So what's an example of an outcome-based solution where you've gone from offering heads to selling on an outcome? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 03, 2024 / 3:30PM, CACI.N - CACI International Inc at UBS Global Industrials & Transportation Conference

Question: Gavin Parsons - UBS Equities - Analyst : I will have revenue and cash flow questions and just a second. But just articulated, it seems pretty obvious just in terms of the outcome based and the take heads and be more efficient. What's the inertia and what inning are we in, in terms of the government more broadly adopting that?

Question: Gavin Parsons - UBS Equities - Analyst : It sounds like shifting spending privatization. But in terms of your multiyear revenue forecast, is there an underlying budget assumption that you need to see to that outlook.

Question: Gavin Parsons - UBS Equities - Analyst : You mentioned bid and proposal. I think at the Investor Day, you showed a slide that had been more than doubling over the last five or 10 years. There was one big step function here and there. And is this just a -- was that a decision to -- we're going to spend more on B&P and R&D? Or was there one big specific technology or target that drove that step up?

Question: Gavin Parsons - UBS Equities - Analyst : How does all that translate into margins? You guys have stepped up quite a lot over the last few years. I guess, even though technology hasn't mixed up that much margin accretive M&A, but how do you think about the margin drivers in terms of mix versus execution versus maybe these higher-margin areas that you are pursuing?

Question: Gavin Parsons - UBS Equities - Analyst : One more for me and then I'll open it up to Q&A. In terms of M&A, how do you think about what your targets are. Some of the acquisitions you've made recently as our Summit even if you go back to like ABC and LGS, those were pretty unique niche, high-margin differentiated targets. What's the M&A strategy? What does the pipeline look like for unique assets like that?

Question: Gavin Parsons - UBS Equities - Analyst : Any questions in the room? Perfect. Well, in the last minute or two then, the bid less, win more, how do you make sure you don't miss something small that could ultimately be big?

Question: Gavin Parsons - UBS Equities - Analyst : Great. Covered a lot of ground those. Appreciate it. Thank you.