FY2023 Third Quarter Earnings Presentation:

Three Months Ended 6.30.2023

AUGUST 3, 2023

CALL PARTICIPANTS

Zach Parker

President and CEO

Kathryn JohnBull

Chief Financial Officer

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Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes", "expects", "anticipates", "plans", "intends" and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or DLH's actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding estimates of future revenues, operating income, earnings and cash flow. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements made in this release due to a variety of factors, including: the risk that we will not realize the anticipated benefits of our acquisition of GRSi or any other acquisitions (including anticipated future financial performance and results); the diversion of management's attention from normal daily operations of the business and the challenges of managing larger and more widespread operations resulting from our recent acquisition; the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our increased debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the ability to successfully integrate the operations of GRSi or any future acquisitions; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2022, as well as subsequent reports filed thereafter. The forward-looking statements contained herein are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and business.

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Financial Highlights

REVENUE

$102.2M

TERM LOAN

$195.8M

Reflects acquisition of GRSi

1A reconciliation of EBITDA is available on slide 16.

OPERATING INCOME

EBITDA1

$7.1M $11.4M

BACKLOG

DILUTED EPS

$817.8M $0.12

As of June 30, 2023

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Third Quarter Headlines

Awarded Contract Vehicle to Provide Agile Development, Data Sciences, and Strategy Services for the NHLBI

DLH will compete for a wide range of IT solutions in service of the customer's research-based mission through $85 million ceiling, multi-award IDIQ

Post-Acquisition Integration

Continues on Schedule

Integration of key business systems (ERP and HRIS) is complete, leading to operational efficiencies. Go-to- market integration is ongoing.

Fiscal Responsibility Act of 2023 Signed into Law

Sets stage for Congress to move forward on appropriating funds for FY24, providing funding targets for defense and non-defense agencies.

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DLH Holdings Corp. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 13:37:59 UTC.