Organic growth through scope increases and amendments supplement new market expansion
2 INVESTOR PRESENTATION
How We Operate at Scale
Perform 2 million+
Manage 20 million
Handle 7 million
independent benefit reviews
citizen services cases
contact center inquiries per month
Complete 1.8 million+
Oversee 60 - 70%
Answer 43 million
assessments in the
of the market
calls annually to support Federal
U.S. and U.K. each year
of Medicaid
health insurance enrollment
managed care
Why
How We
We Win
Adapt
Typical Evaluation Criteria
Strategic IT Investments
Are Weighted 70/30
Provide Flexibility
Technical vs. Cost
Federal Contracts Are
Best-in-Class Labor Sourcing
Awarded Generally on a
Capabilities & Network
"Best Value" Basis
Winning in
Highly Variable Cost Model
Our Markets
Built to Adapt and Win
3 INVESTOR PRESENTATION
Proven
Durability with Large Customers
4 INVESTOR PRESENTATION
HIGHLY DESIRABLE
LONG-TERM RELATIONSHIPS
Maximus U.S. Federal is #1 Provider at:
Masterfile
Accurate processing of taxes in the U.S.
IT Security Implementation
Project and program management for the IRS cybersecurity organization
EDGAR
Provides free public access to corporate filings which increases the efficiency, transparency, and fairness of the securities markets
Contact Center Operations (CCO)
Serves as the primary support engagement center for Medicare and the federal exchange utilized by 33 states under the Affordable Care Act (ACA)
Financial Characteristics
5
INVESTOR PRESENTATION
Revenue
Sustainable Mid-single
digit organic growth
Long-term Customers
7+ year weighted average contract life; our relationships last decades
~90%
Recompete Win Rate
Operating Margin
9 - 12% near term, or
10 - 14% over 3 - 5 yrs,
and before expense for
amortization of intangible assets
Backlog of Contracts
of revenue in form of backlog
90%+ in annual revenue guidance
$19.8B
backlog as of 9/30/2022
7 YR
average remaining
life of backlog
High Cash Conversion
FCF to GAAP net income
~1.3X go forward
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Maximus Inc. published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 17:05:07 UTC.
Maximus, Inc. is an operator of government health and human services programs and provider of technology solutions to governments. The Company operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment provides a variety of business process services (BPS), such as program administration, appeals and assessments, and related consulting work for United States state and local government programs. The U.S. Federal Services segment delivers end-to-end solutions that help various United States federal government agencies, including program operations and management, clinical services, and technology solutions. The Outside the U.S. segment provides BPS for international governments and commercial clients. The services of this segment include health and disability assessments, program administration for employment services, wellbeing solutions, and other job seeker-related services. It also delivers services in the United Kingdom.
MAXIMUS, INC. 
