CACI International (CACI) investor relations material

Deal rationale and strategic fit

• Acquisition targets a leading technology provider in the national security space, expanding presence in space, electronic warfare, and intelligence domains.

• Complements and broadens existing portfolios with agentic AI, advanced imaging sensors, and multi-domain solutions.

• Aligns with a disciplined, long-term M&A strategy focused on high-growth, high-margin technology assets and innovation.

• Enhances ability to deliver advanced solutions to Intelligence Community, U.S. Space Force, and Department of Defense customers.

• Builds on shared heritage and mission-focused cultures, fostering innovation and growth.

Financial terms and conditions

• All-cash purchase price of $2.6 billion, with a $225 million tax benefit, resulting in an effective consideration of $2.375 billion.

• Implies a next-12-months EBITDA multiple of 16x.

• Target expected to deliver $650 million in revenue and $145 million in EBITDA over the next 12 months.

• Transaction to be financed with $1.3 billion in new debt, committed bridge facility, and the remainder from an existing credit facility.

• Post-closing leverage expected at 4.3x, with a plan to return to low 3x within six quarters.

Synergies and expected cost savings

• No cost synergies assumed in the first two years, but administrative and revenue synergies are anticipated.

• Revenue synergies expected from scaling agentic AI tools and expanding multi-INT offerings.

• Combines space-based sensors with existing land, air, and sea sensors for all-domain coverage.

• Integrates GEOINT and SIGINT production for multi-INT actionable intelligence.

• Large programs and new technology integration expected to drive double-digit growth.