fti consulting inc

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May 2008 FTI Consulting Inc.

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May 2008

FTI Consulting Inc.

1

Cautionary Note about Forward-Looking Statements

Certain statements made by us in this presentation that are not historical facts or that relate to future plans, events or performances are forward-looking statements within the meaning of the federal securities laws. Our actual results may differ materially from those expressed in any forward-looking statements made by us. Forward-looking statements involve a number of risks of uncertainties including, but not limited to, the risks described under the heading “Risk Factors” in the company’s filings with the Securities and Exchange Commission. All forward-looking statements are qualified by those risk factors. All statements made by us in this presentation are further qualified in all respects by the information disclosed in the company’s filings with the Securities and Exchange Commission. These statements are only predictions. We are under no duty to update or revise any forward looking statements to conform such statements to actual results or events, and do not intend to do so.

2

FTI – Global Leader in a Dynamic Growth Industry

• Unparalleled intellectual capital that solves mission-critical, complex problems

• Proprietary, “Gold Standard” technology products and services

• Disciplined, proven growth strategy

• Industry-leading compensation and retention programs ensure enterprise stability and align FTI’s professionals with shareholders

• Superior economic characteristics with industry-leading margins

($MMs)

33% CAGR

RevenueRevenue

($)

EPS(1)EPS(1)

($MMs)

EBITDA(1)EBITDA(1)

(1) Adjusted for one-time items where applicable

$94

$217

2004 2007

$0.95

2004 2007

32% CAGR

28% CAGR

$427

2004 2007

$1,001 $2.00

“Enterprise Value = Reputation X Results”

3

FTI’s Services – A Balanced Portfolio

2007 Revenues (e)

19%

26% 16%

22%

17%

• Restructuring • Transaction advisory

services• Interim management• M&A support

• Dispute resolution• Securities and other

investigations• Valuation consulting• Trial graphics/

technology

• Electronic evidence discovery

• Repository services• Ringtail legal 2005• Document analytics

• Anti-trust disputes• Economic testimony• Regulatory & financial• Business economics

• Financial communications• Brand communications• Public affairs• Crisis and issues

management

Technology ConsultingTechnology Consulting

Economic ConsultingEconomic Consulting

Forensic & LitigationForensic & Litigation

Strategic CommunicationsStrategic Communications

Corporate Finance/Restructuring

Corporate Finance/Restructuring

2007 Revenue

4

Who We Are: The Company Behind the Headlines

5

Who We Serve: A Leader Helping Leaders

6

How We Serve Our Clients: Best Intellectual Capital

Former Chief Executives and Political leaders

Nobel Laureates

Certified turnaround professionals

Top Ranking Economists

Former SEC professionals

Interim management professionals

Crisis and reputation specialists

Banking and Securities experts

Certified public accountants

Chartered financial analysts

Corporate investigation specialists

Corporate and financial communications

specialists

FTI’s “SMD” program aligns key professionals with shareholders and results in the industry’s highest retention rates.

7

Why It Matters: Industry-leading Growth and Profitability

$564.0

$534.0 $525.0

$412.0 $402.0

$350

$400

$450

$500

$550

$600

$650

FCN HURN CRAI NCI XPRT

2007 Revenue Per Employee2007 Revenue Per Employee 2007 Operating Margin2007 Operating Margin

18.7%

15.3%

12.4%

9.6%

5.9%

0%

10%

20%

FCN HURN CRAI NCI XPRT

Source: Company 10-Ks

8

FTI’s Market: Strong Demand Throughout Economic Cycles

Secular Drivers:•Technology Solutions•Litigation•Regulatory•Value creation•Risk management•Crisis communications

Secular Drivers:•Technology Solutions•Litigation•Regulatory•Value creation•Risk management•Crisis communications

Drivers in Downturn:•Restructuring•Interim management•Employee communications

Drivers in Downturn:•Restructuring•Interim management•Employee communications

Drivers in Expansion:•Business improvement•Transaction advisory•Economic consulting•Corporate brand marketing

Drivers in Expansion:•Business improvement•Transaction advisory•Economic consulting•Corporate brand marketing

2007

2008

9

The Global Credit Pandemic: The Tide Has Turned

10

The Global Credit Pandemic: A Major Driver of Growth for Some Time to Come

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Dec-06

Jan-07

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Jan-08

Feb-08

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May-08

Jun-08

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Sep-08

Oct-08

Nov-08

Dec-08

Jan-09

Feb-09

Global Default Rate (%) on Speculative-Grade Debt

Source: Moody’s

20 Year Average

Moody’sEstimates

11

The Global Credit Pandemic: FTI the Clear Leader in Restructuring

12

Our Solution: We Surround the Global Credit Crisis

Fraud Litigation

Liquidity

Conflicts

IncreasedRegulation

AssetImpairment

UnderperformingBusinesses

13

How We Grow: Strategies to Meet Market Demand

Brand and Reputation

GlobalFootprint

Broadening ServicePortfolio

AcquisitionsG

RO

WTH

STR

ATE

GIE

S

ExplodingMarket

Demand

14

How We Do It: Investing in the Brand and Reputation

Increased investments in corporate sponsorships and thought leadership during 2007

Hedge Fund Leadership ForumYankee Stadium

Hamptons Classic“Life Inside the Fishbowl”Boardroom Event Series

“Under pressure: The changing role of the GC”

15

Where We Do It: Advising Across a Global Economy• We deploy more than 3,000 professionals from every major financial center

to every corner of the globe so that we can serve our clients wherever challenges arise.

United StatesAnnapolisAtlantaBaltimoreBostonBrentwoodCambridgeCharlotteChicagoClevelandDallasDenverDetroitHoustonIndianapolisKing of PrussiaLos AngelesMiamiNashvilleNew YorkOrlandoOrange CountyPhiladelphiaPhoenixPittsburghRockvilleSaddle BrookSalt Lake CitySan FranciscoSeattleTucsonWashington, DCWest Palm Beach

ArgentinaBuenos Aires

AustraliaMelbourneSydney

Kingdom of BahrainManama

BelgiumBrussels

BrazilSão Paulo

ChinaBeijingGuangzhouHong KongShanghai

ColombiaBogotá

FranceParis

GermanyFrankfurt

IrelandDublin

MexicoMexico City

PanamáPanamá City

RussiaMoscow

SingaporeSingapore

South AfricaCape TownJohannesburg

JapanTokyo

United KingdomEpsomLondonManchesterNorthamptonStirling

United Arab Emirates Abu DubaiDubai

16

2002 2003 2005 2006 2007 2008

Strategic and Financial Communications

Financial Dynamics

K Capital

Ashton Partners

Santé

Third Person

Occasions

Gravitas

Blueprint Partners

TechnologyRingtail Solutions

G3 Consulting Strategic Discovery

Attenex Corp.

Economic Consulting

Lexecon Helios COMPASS

Forensic and Litigation Consulting

KPMG DisputeAdvisoryServices

Ten Eyck Associates

Stoneturn Brower, Kriz &Stynchcomb, International Risk

Holder International

Rubino & McGeehin

Brewer Consulting

Forensic Accounting

TSC Brasil

Thomson Market Services

Corporate Finance/ Restructuring

PwC U.S.Business Recovery Services

Cambio HealthSolutions

The Schonbraun McCann Group

2008: Maintaining the Pace of Strategic Acquisitions

17

Creating the Leader in eDiscovery• Purchase of Attenex Corp.; strategic partnership with Endeca Technologies

• Attenex and Endeca solidify FTI’s leadership in $3.4B market growing > 30%• FTI Technology the largest company dedicated to eDiscovery

• $226 million in annualized revenue with industry-leading margins

• Q1 2008 revenue growth >70%

• The most intellectual capital, most robust technology broadest global reach

• Market evolution is driving change in the landscape• Amendment to federal rules of civil procedure

• Growing demand from large corporations to manage eDiscovery in-house

• Completes the FTI Technology platform to meet opportunities created• FTI owns the technology for most critical phases of the Electronic Discovery

Reference Model

• Single source for the industry-best end to end solution

• Positioned to serve both the corporate and law firm markets

• Uniquely able to manage the entire range of data types across the enterprise

18

Where We’re Going: “FTI 2012”• Achieved key components of our 2009 Plan in 2007

• Have recently launched “FTI 2012” our plan for the next five years

• Key elements of FTI 2012:

• Annual revenue of $2.5 billion; organic growth + strategic acquisitions

• Broaden service offerings, strengthen expertise in key industries

• EBITDA margins of 25% before 123R expense

• Generate 30-35% of revenue outside the United States

• Maintain a strong Balance Sheet

The Gold Standard for Event-driven Consulting

19

FTI’s Results

20

2007 Results($ in thousands, except per share data)

2007 2006

Revenue $1,001,270 $707,933

Direct cost of revenues 548,407 389,032Selling, general and administrative expense 255,238 178,572 Special charges - 22,972 Amortization of other intangible assets 10,615 11,175

814,260 601,751

Operating income 187,010 106,182

Other income (expense)Interest income 8,173 2,575 Interest expense and other (44,391) (29,405) Litigation settlement gains (losses), net (1,002) (187)

Income before income tax provision 149,790 79,165

Income tax provision 57,669 37,141

Net income 92,121$ 42,024$

Earnings per common share - diluted 2.00$ 1.04

Weighted average common shares outstanding - diluted 45,974 40,526

EBITDA $215,974 $130,367Adj. EBITDA (1) 215,974 153,339

% margin 21.6% 21.7%(1) Before special charges

Year Ended Dec 31,

+ 41.4%

+ 40.8%

21

Q1 2008: Strong start to the year($ in thousands, except per share data)

2008 2007

Revenue $307,102 $227,725

Direct cost of revenues 172,521 126,181 Selling, general and administrative expense 72,572 60,358 Amortization of other intangible assets 2,898 2,737

247,991 189,276

Operating income 59,111 38,449

Other income (expense)Interest income 3,081 496 Interest expense and other (10,388) (10,964) Litigation settlement gains (losses), net (1) (741)

Income before income tax provision 51,803 27,240

Income tax provision 20,514 11,978

Net income 31,289$ 15,262$

Earnings per common share - diluted 0.59$ 0.36

Weighted average common shares outstanding - diluted 52,717 42,518

EBITDA $68,034 $44,403

% margin 22.2% 19.5%

Three months ended March 31,

+ 34.9%

+ 53.2%

+ 63.9%

22

Revenue-Generating

EBITDA Margin Headcount

Three Months Ended Mar 31, 2008 % Increase

Technology 71.1% 56,535$ 23,322$ 41.3% 375 Corporate Finance/Restructuring 27.7% 79,283 21,910 27.6% 427 Economic Consulting 41.0% 56,415 13,316 23.6% 234 Strategic Communications 42.9% 54,614 12,679 23.2% 571 Forensic and Litigation Consutling 10.8% 60,255 14,656 24.3% 597

307,102$ 85,883 28.0% 2,204

Corporate (17,849) EBITDA 68,034$ 22.2%

EPS - diluted 0.59$

Three Months Ended Mar 31, 2007

Technology 33,050$ 10,607$ 32.1% 273 Corporate Finance/Restructuring 62,102 14,928 24.0% 325 Economic Consulting 39,997 11,108 27.8% 209 Strategic Communications 38,213 9,971 26.1% 419 Forensic and Litigation Consutling 54,363 14,105 25.9% 402

227,725$ 60,719 26.7% 1,628

Corporate (16,316) EBITDA 44,403$ 19.5%

EPS - diluted 0.36$

Revenues (in thousands)

Q1 2008: Segment Performance($ in thousands, except per share data)

23

2008 Guidance Maintains the Momentum

$427$540

$708

$1,001

$1,337

2004 2005 2006 2007 2008G

33% CAGR

RevenueRevenue EPS(1)EPS(1)

$0.95

$1.22$1.36

$2.00

2004 2005 2006 2007 2008G

28% CAGR

(1) Adjusted for one-time items where applicable

$2.57

G = Midpoint of 2008 guidance

24

FTI – Global Leader in a Dynamic Growth Industry

• Unparalleled intellectual capital that solves mission-critical, complex

problems

• Proprietary “Gold Standard” technology products and services

• Disciplined, proven growth strategy

• Industry-leading compensation and retention programs insure

enterprise stability and align FTI’s professionals with shareholders

• Superior economic characteristics with industry-leading margins

25

FTI as Trusted Advisor:“Solving the Problems that Keep Directors up at Night”