FTI Consulting (FCN) 8-K Regulation FD Disclosure

FTI Consulting

Investor Presentation

August 2013

Exhibit 99.1

Cautionary Note About

Forward-Looking Statements

This

presentation

includes

"forward-looking

statements”

within

the

meaning

of

Section

27A

of

the

Securities

Act

of

1933,

as

amended,

and

Section 21E of the Securities Exchange Act of 1934, as amended, which involve uncertainties and risks. Forward-looking statements

include statements concerning our plans, objectives, goals, strategies, future events, future revenues, future results and performance,

expectations, plans or intentions relating to acquisitions and other matters, business trends and other information that is not historical,

including

statements

regarding

estimates

of

our

future

financial

results.

When

used

in

this

presentation,

words

such

as

“estimates,”

“expects,”

“anticipates,”

“projects,”

“plans,”

“intends,”

“believes,”

“forecasts”

and variations of such words or similar expressions are

intended to identify forward-looking statements. All forward-looking statements, including, without limitation, estimates of our future

financial

results,

are

based

upon

our

expectations

at

the

time

we

make

them

and

various

assumptions.

Our

expectations,

beliefs

and

projections

are

expressed

in

good

faith,

and

we

believe

there

is

a

reasonable

basis

for

them.

However,

there

can

be

no

assurance

that

management’s

expectations,

beliefs

and

estimates

will

be

achieved,

and

the

Company’s

actual

results

may

differ

materially

from

our

expectations,

beliefs

and

estimates.

The

Company

has

experienced

fluctuating

revenues,

operating

income

and

cash

flow

in

prior

periods

and expects that this will occur from time to time in the future. Other factors that could cause such differences include declines in demand

for, or changes in, the mix of services and products that we offer, the mix of the geographic locations where our clients are located or where

services are performed, adverse financial, real estate or other market and general economic conditions, which could impact each of our

segments differently, the pace and timing of the consummation and integration of past and future acquisitions, the Company's ability to

realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described

under

the

heading

“Item

1A.

Risk

Factors”

in

the

Company’s

most

recent

Form

10-K,

our

Current

Report

on

Form

8-K

dated

May

21,

2013

and in the Company's other filings with the Securities and Exchange Commission, including the risks set forth under “Risks Related to Our

Operating Segments”

and “Risks Related to Our Operations”. We are under no duty to update any of the forward-looking statements to

conform such statements to actual results or events and do not intend to do so.

2

Investment Thesis

Scalable business model

Flexible and attractive business model with the opportunity to leverage cross-segment engagements

Well positioned to benefit from key trends

Global regulatory activism, overhaul of financial and credit regulatory markets and the overall complexity of doing business globally

Strong competitive position to capture market share in global investigations

Mortgage backed securities, FCPA investigations, whistleblower investigations and trading probes

Executable growth strategy

Adding scale to established global infrastructure should yield higher incremental margins

Balanced approach to enhanced stockholder value

Capital deployment focused on value-enhancing initiatives

$250

million

stock

buyback

program

approved

in

June

2012

-

repurchased

approximately

$78.8

million

of

stock

since

June

2012

Healthy balance sheet, strong cash flows and access to capital

FTI Consulting is

a global

business

advisory firm

dedicated to

helping

organizations

protect and

enhance their

enterprise value

in an

increasingly

complex legal,

regulatory and

economic

environment

3

Global Business with Diverse Event-Driven Offerings

FTI Consulting

has built a

balanced

portfolio of

global

businesses that

offer event-

driven services

and solutions

Technology

Strategic Communications

Forensic & Litigation Consulting

Economic Consulting

Corporate Finance/Restructuring

North America

Rest of World

Second Quarter 2013 Segment Revenues

Second Quarter 2013 Geographic Revenues

Corporate Finance/Restructuring

Economic Consulting

Forensic & Litigation Consulting

Technology

Strategic Communications

4

Restructuring/Turnaround Services

Transaction Advisory Services

Interim Management

Investment Banking

Bankruptcy  Support Services

Private Equity

Performance Improvement

Valuation & Financial Advisory Services

Antitrust & Competition Economics

Securities Litigation & Risk Management

Intellectual Property

International Arbitration

Labor & Employment

Public Policy

Regulated Industries

Business Valuation

Forensic Accounting & Advisory Services

Global Risk & Investigations

Compliance, Monitoring & Receivership

Intellectual Property

Dispute  Advisory  Services

Trial Services

Financial & Enterprise Data Analytics

Health Solutions

Ringtail®

E-discovery Software

E-discovery Management

Managed Review

Predictive Discovery

Collections & Computer Forensics

Information Governance

Financial Communications

Corporate Communications

Strategy  Consulting & Research

Crisis Communications

Public Affairs

Creative Engagement

The Globalization of FTI Consulting

North America

Strong demand for health solutions, energy, telecommunications, media

and technology, financial services and insurance industry services

Opportunity to enhance client relationships through cross-segment

engagements

Europe, Middle East and Africa (EMEA)

Depressed valuations present M&A opportunities

Continue

to

invest

based

on

pockets

of

demand

–

global

risk

and

investigations practice (GRIP), restructuring, anticorruption, compliance,

valuation and remediation

Asia Pacific and Latin America

Continue to build-out geographic presence and capabilities

FTI Consulting

will continue to

add scale and

expertise to the

Company’s

global platform

The increasingly

aggressive

regulatory and

enforcement

environment

should bode

very well for

large consulting

firms with global

reach and

reputations like

FTI Consulting

5

The FTI Consulting Matrix

FTI Consulting’s

matrix

organizational

structure

appropriately

emphasizes the

segment,

geographic and

industry drivers

of our

businesses,

allowing for

improved

understanding

and response to

our client’s

needs and

increased

leverage of

resources,

knowledge and

solutions in our

rapidly growing

markets

Grow & Develop

Segment:

Continue

to

build-out

diverse

platform

of

practices

and

solutions

Geography:

Replicate

segment

and

practice

offerings

across

existing

global platform

Industry:

Develop

integrated

industry-focused solutions

Industry

Segment

Geography

6

Three strategies that drive our

business:

Our People

FTI Consulting’s most valuable asset is its people

Over 4,000 employees in 101 offices across 24 countries

426

Senior

Managing

Directors,

470

Managing

Directors

and

access

to

three Nobel Laureates

FTI Consulting is a global company with global leaders and

advisors

The FTI Consulting matrix establishes global leadership

Board of Directors offer global insights, extensive experience and tenured

leadership

Our collective expertise spans a wide range of geographies and

industries and fuels our ability to address even the most

complex challenges

We hire the best talent and continue to invest in their ongoing

development

FTI Consulting employees are supported throughout their career

development through our educational and thought leadership initiatives:

New Hire Orientation, New Managing Director School, FTI Consulting

University and Executive Leadership Forums

FTI Consulting’s

unique

integrated

approach to

protecting and

enhancing

enterprise value

requires

exceptional

talent

7

Corporate Finance/Restructuring is a renowned leader in restructuring and crisis management

Economic

Consulting

is

the

global

leader

in

antitrust

reputation

and

expertise

Forensic & Litigation Consulting is the global leader in commercial arbitration and has a market-leading global risk

and investigations practice

Technology is a leading provider of e-discovery software and services

Strategic Communications is a global leader in strategic business communications

Market-Leading Business Segments

8

FTI Consulting is

an advisor to 92

of the world’s top

100 law firms, 51

of the

world’s 100

largest

companies and 7

of the world’s top

10 bank holding

companies

#1 crisis management firm in The Deal league tables of crisis management firms for six consecutive years (2007-2012)

Honored by the Global M&A Network with six Turnaround Atlas Awards for excellence and outstanding achievements in the global

restructuring, special situation merger and acquisition (M&A) and turnaround markets in July 2013

Named Leading Antitrust Economics Firm and 1 of the 20 Best Economics Firms in the World by Global Competition Review

for eight

consecutive years (2005-2012)

#1 on Who’s Who Legal List of most highly regarded firms for Commercial Arbitration for four consecutive years (2010-2013)

#1 on Who’s Who Legal List of most highly regarded firms for Commercial Arbitration for four consecutive years (2010-2013)

Member of the “Leaders" Quadrant in Gartner's "Magic Quadrant for e-Discovery Software" Report for 2013

Recognized as an industry leader in legal software and service offerings in the 2013 National Law Journal reader rankings

Named

to

KMWorld

magazine’s

100

Companies

That

Matter

in

Knowledge

Management

list

in

March

2013

#1

Communications

Advisor

in

Mergermarket

League

Tables

of

PR

Advisers

in

Global

M&A

by

deal

volume

as

of

June

30,

2013

Named

Corporate

Agency

of

the

Year

by

The

Holmes

Report

in

April

2012

2013 Growth Catalysts

Uptick in the pace of M&A activity

Currently have strong levels of M&A-related “first look”

and “second request”

retentions

M&A

touches

every

business

segment

--

resulting

in

opportunities

for

material

revenue

increases

Restructuring and investigations opportunities in Europe and Asia Pacific

Investments made to enhance our restructuring, global risk and investigations, anticorruption, compliance, valuation and remediation

practices

Opportunities for Corporate Finance/Restructuring services in Australia

Attractive macro drivers in Asia Pacific and Latin America

China's new leadership plans to boost spending to support economic recovery

Opportunities for our construction solutions offering in Brazil ahead of the 2014 World Cup and 2016 Olympic Games

FTI Consulting is focused on industries facing disruption or change

Need for business advisory services in the ever-changing healthcare industry

Demand globally for energy services irrespective of macroeconomic backdrop

Insurance industry undergoing transformative changes resulting from new and emerging risks and opportunities

Regulatory change is creating opportunities with financial institutions

Demand for FTI

Consulting’s

services and

expertise is

expected to be

driven by

multiple

catalysts in

2013

9

FTI Consulting’s Financial Position is Strong

Significant cash flow generation

$92.6 million in cash and cash equivalents on the balance sheet as of June 30, 2013

Leverage

as

of

June

30,

2013

–

less

than

3:1

Balanced capital deployment aimed at value enhancing initiatives

for stockholders

Maintain

market

leadership

positions,

impressive

credentials

and

established

reputation

by

investing

in

talent

Investments in R&D and innovation should drive organic growth

Acquisition

strategy

focused

on

building

attractive,

sustainable

businesses

Analyzing infrastructure to identify cost saving opportunities

$250 million stock buyback program authorized in June 2012

Completed debt refinancing transactions in November 2012 resulting in decreased interest rate, longer maturity

profile and increased access to capital

Portfolio

investments,

coupled with

continued cash

generation and

operational

discipline --

demonstrated in

financial results

10

Case Study: M&A Lifecycle and

FTI Consulting’s Integrated Service Offering

Working Capital Improvement

Dashboard & Financial Performance Management

Testing, Design & Implementation of Internal Controls

Employee Outreach & Engagement

M&A Digital/Social Media Strategies

Media Relations

Investor Relations

First Look Services

Antitrust & Competition Economics

Investment Thesis Development

Investigative Due Diligence & Integrity Investigations

Emerging Market Entry Analysis, Political & Corruption Index Assessments

Merger Integration Services

Interim Management

Performance Improvement Services

Post-Acquisition Disputes

Purchase Price Dispute Services

Global Risk & Investigation Services

Compliance Monitoring & Remediation Services

Post-Merger Communication Implementation

Change Management Communications

Valuation Services

Buyer Services

Seller Services

Lender Services

M&A Fraud Services

Intellectual Property Valuation & Protection

Transactional Due Diligence

System Audits/IT Due Diligence

Compliance & Accounting Internal Controls Reviews

Foreign Bribery & Corruption Risk Assessments

Subsidiary, Joint Venture & Controlled Entity Investigations

E-discovery

Carve-Out Assistance

Event Readiness

Tax Services

Second Requests

M&A Communications

Proxy Communications

Corporate Finance/Restructuring

Economic Consulting

Technology

Strategic Communications

Forensic Litigation and Consulting

11

Case Study: Cross–Segment Engagements

FTI Consulting has established a global platform with deep expertise and broad capabilities

FTI Consulting leverages this platform by presenting integrated solutions to current and potential clients as one

firm

Cross-segment engagements demonstrate a more robust, solutions-based go-to-market strategy

Our clients’

problems, more often than not, require services provided by more than one of our business

segments

Clients that face the most complex and critical situations want an integrated FTI Consulting team, a team that has the right

combination of skills to solve multiple problems

FTI Consulting’s biggest and most profitable projects are cross-segment engagements

In 2012, all of FTI Consulting’s top ten engagements were cross-segment engagements, with many of them involving three or more

business segments

Our top ten clients represent multiple industries and include Fortune 500 companies, the world’s most prestigious law firms and the

world’s top bank holding companies

Expect cross-

segment

engagements to

bolster FTI

Consulting’s

organic growth,

brand visibility

and reputation

12

Financials

*

*

*

*

*

*

*

*

Second Quarter 2013 Results

Quarter Ended June 30,

2013 (unaudited)

2012 (unaudited)

Revenues

$414,613

$396,243

Direct cost of revenues

259,528

248,220

Selling, general & administrative expense

96,325

92,460

Special charges

-

26,782

Acquisition-related contingent consideration

(7,452)

(3,541)

Amortization of other intangible assets

5,953

5,490

354,354

369,411

Operating income

60,259

26,832

Other income (expense)

Interest income & other

(387)

(363)

Interest expense

(13,071)

(15,195)

(13,458)

(15,558)

Income before income tax provision

46,801

11,274

Income tax provision

23,315

3,527

Net income

$23,486

$7,747

Earnings per common share –

basic

$0.60

$0.19

Weighted average common shares outstanding –

basic

39,413

40,592

Earnings per common share –

diluted

$0.58

$0.18

Weighted average common shares outstanding –

diluted

40,293

42,074

Other Comprehensive income (loss), net of tax:

Foreign currency translation adjustments, net of tax $0

(11,714)

(10,960)

Other comprehensive income (loss), net of tax

(11,714)

(10,960)

Comprehensive income (loss)

$11,772

($3,213)

($ in thousands, except per share data)

14

Year To Date 2013 Results

Six Months Ended June 30,

2013 (unaudited)

2012 (unaudited)

Revenues

$821,791

$791,471

Direct cost of revenues

518,008

493,838

Selling, general & administrative expense

192,972

195,049

Special charges

427

26,782

Acquisition-related contingent consideration

(6,721)

(2,984)

Amortization of other intangible assets

11,517

11,007

716,203

723,692

Operating income

105,588

67,779

Other income (expense)

Interest income & other

550

2,919

Interest expense

(25,786)

(30,399)

(25,236)

(27,480)

Income before income tax provision

80,352

40,299

Income tax provision

33,186

14,121

Net income

$47,166

$26,178

Earnings per common share –

basic

$1.20

$0.65

Weighted average common shares outstanding –

basic

39,272

40,475

Earnings per common share –

diluted

$1.17

$0.61

Weighted average common shares outstanding –

diluted

40,456

42,672

Other Comprehensive income (loss), net of tax:

Foreign currency translation adjustments, net of tax $0

(27,223)

1,889

Other comprehensive income (loss), net of tax

(27,233)

1,889

Comprehensive income (loss)

$19,943

$28,067

($ in thousands, except per share data)

15

Second Quarter 2013 Results: Segment Performance

($ in thousands, except headcount data)

Quarter Ended June 30, 2013

Revenues

Adjusted 

EBITDA

(1)

Adjusted 

EBITDA

(1)

as a % of

Revenue

Utilization

(4)

Average

Billable

Rate

(4)

Revenue-

Generating

Headcount

Corporate Finance/Restructuring

(3)

$96,714

$24,123

24.9%

62%

$416

718

Forensic & Litigation Consulting

(3)

105,120

20,693

19.7%

67%

$307

969

Economic Consulting

111,014

20,803

18.7%

82%

$505

499

Technology

(2)

51,196

16,888

33.0%

N/M

N/M

285

Strategic Communications

(2)

50,569

5,219

10.3%

N/M

N/M

611

Total

$414,613

$87,726

21.2%

3,082

Unallocated Corporate Expenses

(13,498)

Adjusted EBITDA

(1)

$74,228

17.9%

Quarter Ended June 30, 2012

Revenues

Adjusted 

EBITDA

(1)

Adjusted 

EBITDA

(1)

as a % of

Revenue

Utilization

(4)

Average

Billable

Rate 

(4)

Revenue-

Generating

Headcount

Corporate Finance/Restructuring

(3)

$96,187

$27,296

28.4%

75%

$413

596

Forensic & Litigation Consulting

(3)

106,256

19,542

18.4%

68%

$306

930

Economic Consulting

99,455

18,491

18.6%

80%

$496

467

Technology

(2)

47,697

12,849

26.9%

N/M

N/M

311

Strategic Communications

(2)

46,648

4,970

10.7%

N/M

N/M

599

Total

$396,243

$83,148

21.0%

2,903

Unallocated Corporate Expenses

(16,532)

Adjusted EBITDA

(1)

$66,616

16.8%

16

(1) We define Adjusted EBITDA as consolidated net income before income tax provision, other non-operating income (expense), depreciation, amortization of intangible assets, special charges and goodwill impairment charges. Amounts presented in the Adjusted EBITDA column for each segment reflect

the segments' respective Adjusted Segment EBITDA. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, special charges and goodwill impairment charges. We use Adjusted Segment EBITDA to internally

evaluate the financial performance of our segments because we believe it is a useful supplemental measure which reflects current core operating performance and provides an indicator of the segment’s ability to generate cash. We also believe that these measures, when considered together with our

GAAP financial results, provide management and investors with a more complete understanding of our operating results, including underlying trends, by excluding the effects of special charges and goodwill impairment charges. In addition, EBITDA is a common alternative measure of operating

performance used by many of our competitors. It is used by investors, financial analysts, rating agencies and others to value and compare the financial performance of companies in our industry. Therefore, we also believe that these measures, considered along with corresponding GAAP measures,

provide management and investors with additional information for comparison of our operating results to the operating results of other companies. Adjusted EBITDA and Adjusted Segment EBITDA are not defined in the same manner by all companies and may not be comparable to other similarly titled

measures of other companies.  These non-GAAP financial measures should be considered in addition to, but not as a substitute for or superior to, the information contained in our Condensed Consolidated Statements of Comprehensive Income (Loss).  See also our reconciliation of GAAP to non-GAAP

financial measures. 

(2)The majority of the Technology and Strategic Communications segments' revenues are not generated based on billable hours.  Accordingly, utilization and average billable rate metrics are not presented as they are not meaningful as a segment-wide metric. 

(3)  Effective in the first quarter of 2013, we modified our reportable segments to reflect changes in how we operate our business and the related internal management reporting. The Company’s healthcare and life sciences practices from both our Corporate Finance/Restructuring segment and our

Forensic and Litigation Consulting segment have been combined under a single organizational structure. This single integrated practice, our health solutions practice, is now aggregated in its entirety within the Forensic and Litigation Consulting reportable segment. Prior period Corporate

Finance/Restructuring and Forensic and Litigation Consulting segment information has been reclassified to conform to the current period presentation.

(4) 2013 and 2012 utilization and average bill rate calculations for our Corporate Finance/Restructuring, Forensic and Litigation Consulting, and Economic Consulting segments were updated to reflect the realignment of certain practices as well as information related to non-U.S. operations that was not

previously available.

Year To Date 2013 Results: Segment Performance

($ in thousands, except headcount data)

Six Months Ended June 30, 2013

Revenues

Adjusted 

EBITDA

(1)

Adjusted 

EBITDA

(1)

as a % of

Revenue

Utilization

(4)

Average

Billable

Rate

(4)

Revenue-

Generating

Headcount

Corporate Finance/Restructuring

(3)

$195,794

$43,208

22.1%

66%

$412

718

Forensic & Litigation Consulting

(3)

205,844

33,504

16.3%

65%

$314

969

Economic Consulting

226,208

46,997

20.8%

86%

$501

499

Technology

(2)

97,900

30,604

31.3%

N/M

N/M

285

Strategic Communications

(2)

96,045

8,773

9.1%

N/M

N/M

611

Total

$821,791

$163,086

19.8%

3,082

Unallocated Corporate Expenses

(29,532)

Adjusted EBITDA

(1)

$133,554

16.3%

Six Months Ended June 30, 2012

Revenues

Adjusted 

EBITDA

(1)

Adjusted 

EBITDA

(1)

as a % of

Revenue

Utilization

(4)

Average

Billable

Rate 

(4)

Revenue-

Generating

Headcount

Corporate Finance/Restructuring

(3)

$193,061

$51,468

26.7%

77%

$413

596

Forensic & Litigation Consulting

(3)

209,891

34,211

16.3%

74%

$304

930

Economic Consulting

199,507

36,915

18.5%

83%

$483

467

Technology

(2)

97,357

26,064

26.8%

N/M

N/M

311

Strategic Communications

(2)

91,655

9,499

10.4%

N/M

N/M

599

Total

$791,471

$158,157

20.0%

2,903

Unallocated Corporate Expenses

(37,581)

Adjusted EBITDA

(1)

$120,576

15.2%

17

(1) We define Adjusted EBITDA as consolidated net income before income tax provision, other non-operating income (expense), depreciation, amortization of intangible assets, special charges and goodwill impairment charges. Amounts presented in the Adjusted

EBITDA column for each segment reflect the segments' respective Adjusted Segment EBITDA. We define Adjusted Segment EBITDA as a segment’s share of consolidated operating income before depreciation, amortization of intangible assets, special charges and

goodwill impairment charges. We use Adjusted Segment EBITDA to internally evaluate the financial performance of our segments because we believe it is a useful supplemental measure which reflects current core operating performance and provides an indicator of

the

segment’sability

to

generate

cash.We

alsobelieve

that

thesemeasures,

when

considered

togetherwith

ourGAAP

financial

results,provide

managementand

investorswitha

more

complete

understanding

of

our

operating

results,

including

underlying

trends,

by

excluding

the

effects

of

special

charges

and

goodwill

impairment

charges.

In

addition,

EBITDA

isa

common

alternativemeasureofoperating

performance

usedbymanyofour

competitors.It

is

used

by

investors,

financialanalysts,

rating

agencies

andothers

to

value

and compare the financial performance of companies in our industry. Therefore, we also believe that these measures, considered along with corresponding GAAP measures, provide management and investors with additional information for comparison of our operating

results to the operating results of other companies. Adjusted EBITDA and Adjusted Segment EBITDA are not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies.  These non-GAAP financial

measures should be considered in addition to, but not as a substitute for or superior to, the information contained in our Condensed Consolidated Statements of Comprehensive Income (Loss).  See also our reconciliation of GAAP to non-GAAP financial measures.

(2)The majority of the Technology and Strategic Communications segments' revenues are not generated based on billable hours.  Accordingly, utilization and average billable rate metrics are notpresented as they are not meaningful as a segment-wide metric.

(3)  Effective in the first quarter of 2013, we modified our reportable segments to reflect changes in how we operate our business and the related internal management reporting. The Company’s healthcare and life sciences practices from both our Corporate

Finance/Restructuring segment and our Forensic and Litigation Consulting segment have been combined under a single organizational structure. This single integrated practice, our health solutions practice, is now aggregated in its entirety within the Forensic and

Litigation Consulting reportable segment. Prior period CorporateFinance/Restructuring and Forensic and Litigation Consulting segment information has been reclassified to conform to the current period presentation.

(4)

2013

and

2012

utilizationand

average

bill

rate

calculations

forour

CorporateFinance/Restructuring,Forensicand

LitigationConsulting,and

EconomicConsulting

segmentswere

updated

to

reflect

the

realignment

of

certain

practicesas

wellas

information

related

to non-U.S. operations that was not previously available.

Appendix

Second Quarter 2013: Reconciliation of non-GAAP Financial

Measures

($ in thousands, except per share data)

Quarter Ended June 30,

2013

2012

Net Income

$23,486

$7,747

Add back:

Special charges, net of tax effect

(1)

-

$17,320

Adjusted

Net

Income

(2)

$23,486

$25,067

Earnings per common share –

diluted

$0.58

$0.18

Add back:

Special charges, net of tax effect

(1)

-

$0.42

Adjusted

earnings

per

common

share

–

diluted

(2)

$0.58

$0.60

Weighted

average

number

of

common

shares

outstanding

–

diluted

40,293

42,074

19

(1) The tax effect takes into account the tax treatment and related tax rate(s) that apply to each adjustment in the applicable tax jurisdiction(s). As a result, the effective tax rates for the adjustments for the three

months ended June 30, 2013 was 40.7%, and the adjustment was 35.3% for the three June 30, 2012. The tax expense related to the adjustments for the three months ended June 30, 2013 was $0.2 million

with no impact on diluted earnings per share. The tax expense for the three months ended June 30, 2012 was $9.5 million or $0.22 impact on diluted earnings per share.

(2)  We define Adjusted Net Income and Adjusted Earnings per Diluted Share as net income and earnings per diluted share, respectively, excluding the impact of special charges, goodwill impairment charges

and losses on early extinguishment of debt. We use Adjusted Net Income for the purpose of calculating Adjusted Earnings per Diluted Share. Management uses Adjusted Earnings per Diluted Share to assess

total company operating performance on a consistent basis. We believe that this measure, when considered together with our GAAP financial results, provides management and investors with a more complete

understanding of our business operating results, including underlying trends, by excluding the effects of special charges, goodwill impairment charges and losses on early extinguishment of debt. Adjusted

EBITDA and Adjusted Segment EBITDA are not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies.  These non-GAAP financial

measures should be considered in addition to, but not as a substitute for or superior to, the information contained in our Condensed Consolidated Statements of Comprehensive Income (Loss).  See also our

reconciliation of GAAP to non-GAAP financial measures. 

Year To Date 2013: Reconciliation of non-GAAP Financial

Measures

($ in thousands, except per share data)

Six Months Ended June 30,

2013

2012

Net Income

$47,166

$26,178

Add back:

Special

charges,

net

of

tax

effect

(1)

$253

$17,320

Adjusted

Net

Income

(2)

$47,419

$43,498

Earnings

per

common

share

–

diluted

$1.17

$0.61

Add back:

Special charges, net of tax effect

(1)

-

$0.41

Adjusted

earnings

per

common

share

–

diluted

(2)

$1.17

$1.02

Weighted

average

number

of

common

shares

outstanding

–

diluted

40,456

42,672

20

(1) The tax effect takes into account the tax treatment and related tax rate(s) that apply to each adjustment in the applicable tax jurisdiction(s). As a result, the effective tax rates for

the adjustments for the six months ended June 30, 2013 was 40.7%, and the adjustment was 35.3% for the six months ended June 30, 2012. The tax expense related to the

adjustments for the six months ended June 30, 2013 was $0.2 million with no impact on diluted earnings per share. The tax expense for the six months ended June 30, 2012 was

$9.5 million or $0.22 impact on diluted earnings per share.

(2)  We define Adjusted Net Income and Adjusted Earnings per Diluted Share as net income and earnings per diluted share, respectively, excluding the impact of special charges,

goodwill impairment charges and losses on early extinguishment of debt. We use Adjusted Net Income for the purpose of calculating Adjusted Earnings per Diluted Share.

Management uses Adjusted Earnings per Diluted Share to assess total company operating performance on a consistent basis. We believe that this measure, when considered

together with our GAAP financial results, provides management and investors with a more complete understanding of our business operating results, including underlying trends, by

excluding the effects of special charges, goodwill impairment charges and losses on early extinguishment of debt. Adjusted EBITDA and Adjusted Segment EBITDA are not defined in

the same manner by all companies and may not be comparable to other similarly titled measures of other companies.  These non-GAAP financial measures should be considered in

addition to, but not as a substitute for or superior to, the information contained in our Condensed Consolidated Statements of Comprehensive Income (Loss).  See also our

reconciliation of GAAP to non-GAAP financial measures. 

Second Quarter 2013: Reconciliation of Net Income and

Operating Income to Adjusted EBITDA

($ in thousands)

Quarter Ended June 30, 2013

Corporate

Finance /

Restructuring

(3)

Forensic and

Litigation

Consulting

(3)

Economic

Consulting

Technology

Strategic

Communications

Unallocated

Corporate

Expenses

Total

Net Income

$23,486

Interest Income and other

Interest expense

Income tax provision

387

13,071

23,315

Operating

Income

(loss)

(1)

$21,436

$19,177

$19,530

$11,292

$3,394

($14,570)

60,259

Depreciation and amortization

Amortization of other intangible assets

855

1,832

937

579

863

410

3,611

1,985

678

1,147

1,072

0

8,016

5,953

Adjusted

EBITDA

(2)

$24,123

$20,693

$20,803

$16,888

$5,219

($13,498)

$74,228

21

Quarter Ended June 30, 2012

Corporate

Finance /

Restructuring

(3)

Forensic and

Litigation

Consulting

(3)

Economic

Consulting

Technology

Strategic

Communications

Unallocated

Corporate

Expenses

Total

Net Income

$7,747

Interest Income and other

Interest expense

Income tax provision

363

15,195

3,527

Operating

Income

(loss)

(1)

$14,520

$10,201

$16,551

$4,757

($1,370)

($17,827)

26,832

Depreciation and amortization

Amortization of other intangible assets

Special charges

775

1,440

10,561

1,025

508

7,808

724

398

818

3,142

1,984

2,966

669

1,160

4,511

1,177

0

118

7,512

5,490

26,782

Adjusted

EBITDA

(2)

$27,296

$19,542

$18,491

$12,849

$4,970

($16,532)

$66,616

(1)

We

define

Segment

Operating

Income

as

a

segment’s

share

of

consolidated

operating

income.

We

define

Total

Segment

Operating

Income

as

the

total

of

Segment

Operating

Income

for

all

segments,

which

excludes

unallocated

corporate

expenses.

We

use

Segment

Operating

Income

for

the

purpose

of

calculating

Adjusted

Segment

EBITDA.

(2)

We

define

Adjusted

EBITDA

as

consolidated

net

income

before

income

tax

provision,

other

non-operating

income

(expense),

depreciation,

amortization

of

intangible

assets,

special

charges

and

goodwill

impairment

charges.

Amounts

presented

in

the

Adjusted

EBITDA

row

for

each

segment

reflect

the

segments'

respective

Adjusted

Segment

EBITDA.

We

define

Adjusted

Segment

EBITDA

as

a

segment’s

share

of

consolidated

operating

income

before

depreciation,

amortization

of

intangible

assets,

special

charges

and

goodwill

impairment

charges.

We

use

Adjusted

Segment

EBITDA

to

internally

evaluate

the

financial

performance

of

our

segments

because

we

believe

it

is

a

useful

supplemental

measure

which

reflects

current

core

operating

performance

and

provides

an

indicator

of

the

segment’s

ability

to

generate

cash.

We

also

believe

that

these

measures,

when

considered

together

with

our

GAA

P financial

results,

provide

management

and

investors

with

a

more

complete

understanding

of

our

operating

results,

including

underlying

trends,

by

excluding

the

effects

of

special

charges

and

goodwill

impairment

charges.

In

addition,

EBITDA

is

a

common

alternative

measure

of

operating

performance

used

by

many

of

our

competitors.

It

is

used

by

investors,

financial

analysts,

rating

agencies

and

others

to

value

and

compare

the

financial

performance

of

companies

in

our

industry.

Therefore,

we

also

believe

that

these

measures,

considered

along

with

corresponding

GAAP

measures,

provide

management

and

investors

with

additional

information

for

comparison

of

our

operating

results

to

the

operating

results

of

other

companies.

Adjusted

EBITDA

and

Adjusted

Segment

EBITDA

are

not

defined

in

the

same

manner

by

all

companies

and

may

not

be

comparable

to

other

similarly

titled

measures

of

other

companies.

These

non-GAAP

financial

measures

should

be

considered

in

addition

to,

but

not

as

a

substitute

for

or

superior

to,

the

information

contained

in

our

Condensed

Consolidated

Statements

of

Comprehensive

Income

(Loss).

See

also

our

reconciliation

of

GAAP

to

non-GAAP

financial

measures.

(3)

Effective

in

the

first

quarter

of

2013,

we

modified

our

reportable

segments

to

reflect

changes

in

how

we

operate

our

business

and

the

related

internal

management

reporting.

The

Company’s

healthcare

and

life

sciences

practices

from

both

our

Corporate

Finance/Restructuring

segment

and

our

Forensic

and

Litigation

Consulting

segment

have

been

combined

under

a

single

organizational

structure.

This

single

integrated

practice,

our

health

solutions

practice,

is

now

aggregated

in

its

entirety

within

the

Forensic

and

Litigation

Consulting

reportable

segment.

Prior

period

Corporate

Finance/Restructuring

and

Forensic

and

Litigation

Consulting

segment

information

has

been

reclassified

to

conform

to

the

current

period

presentation.

.

Year To Date 2013: Reconciliation of Net Income and

Operating Income to Adjusted EBITDA

($ in thousands)

Six Months Ended June 30, 2012

Corporate

Finance /

Restructuring

(3)

Forensic and

Litigation

Consulting

(3)

Economic

Consulting

Technology

Strategic

Communications

Unallocated

Corporate

Expenses

Total

Net Income

$26,178

Interest Income and other

Interest expense

Income tax provision

(2,919)

30,399

14,121

Operating

Income

(loss)

(1)

$36,464

$23,298

$33,871

$12,958

$1,287

($40,099)

67,779

Depreciation and amortization

Amortization of other intangible assets

Special charges

1,565

2,878

10,561

2,081

1,024

7,808

1,429

797

818

6,164

3,976

2,966

1,369

2,332

4,511

2,400

0

118

15,008

11,007

26,782

Adjusted

EBITDA

(2)

$51,468

$34,211

$36,915

$26,064

$9,499

($37,581)

$120,576

Six Months Ended June 30, 2013

Corporate

Finance /

Restructuring

(3)

Forensic and

Litigation

Consulting

(3)

Economic

Consulting

Technology

Strategic

Communications

Unallocated

Corporate

Expenses

Total

Net Income

$47,166

Interest Income and other

Interest expense

Income tax provision

(550)

25,786

33,186

Operating

Income

(loss)

(1)

$38,135

$30,279

$44,525

$19,374

$5,121

($31,846)

105,588

Depreciation and amortization

Amortization of other intangible assets

Special charges

1,622

3,383

68

1,961

1,091

173

1,668

808

(4)

7,246

3,970

14

1,323

2,265

64

2,202

0

112

16,022

11,517

427

Adjusted

EBITDA

(

2)

$43,208

$33,504

$46,997

$30,604

$8,773

($29,532)

$133,554

22

(1)

We

defineSegment

OperatingIncome

asa

segment’s

shareof

consolidatedoperating

income.

We

define

Total

Segment

OperatingIncome

as

the

totalof

Segment

Operating

Income

forall

segments,

which

excludes

unallocated

corporate

expenses.

We

use

Segment

Operating

Income

for

thepurpose

of

calculatingAdjusted

Segment

EBITDA.

(2)

We

defineAdjusted

EBITDAas

consolidated

net

incomebefore

income

taxprovision,other

non-operating

income

(expense),depreciation,

amortizationof

intangible

assets,

special

chargesand

goodwill

impairment

charges.Amounts

presentedin

the

AdjustedEBITDA

row

foreach

segment

reflect

the

segments'

respective

Adjusted

SegmentEBITDA.

We

defineAdjusted

Segment

EBITDAas

a

segment’s

share

of

consolidated

operating

income

before

depreciation,amortizationofintangible

assets,

special

chargesand

goodwillimpairment

charges.We

use

AdjustedSegmentEBITDA

tointernally

evaluate

the

financialperformance

ofour

segments

because

webelieve

it

isa

useful

supplemental

measurewhich

reflects

current

coreoperating

performanceand

provides

anindicator

of

the

segment’s

ability

to

generate

cash.

Wealso

believe

that

these

measures,when

considered

together

withourGAAP

financial

results,

providemanagement

andinvestors

with

amore

completeunderstandingofouroperating

results,including

underlying

trends,byexcluding

theeffectsof

special

chargesand

goodwill

impairment

charges.Inaddition,

EBITDA

is

a

common

alternativemeasure

of

operatingperformanceused

by

many

ofour

competitors.

Itis

usedbyinvestors,

financial

analysts,

ratingagenciesand

others

to

value

and

compare

the

financialperformanceof

companiesin

our

industry.

Therefore,wealsobelieve

that

thesemeasures,

consideredalongwith

corresponding

GAAPmeasures,

providemanagement

andinvestors

with

additional

information

for

comparison

of

our

operating

results

to

theoperating

resultsofother

companies.Adjusted

EBITDA

andAdjusted

Segment

EBITDAarenotdefinedin

the

samemanner

by

all

companies

andmay

not

be

comparable

to

other

similarly

titled

measures

of

other

companies.

These

non-GAAP

financial

measures

shouldbe

consideredinaddition

to,

but

notas

a

substitute

for

or

superior

to,

the

information

contained

in

our

Condensed

Consolidated

Statementsof

ComprehensiveIncome

(Loss).

Seealso

our

reconciliationofGAAP

tonon-GAAP

financialmeasures.

(3)

Effective

in

the

first

quarter

of2013,

wemodified

our

reportable

segments

to

reflect

changesinhowweoperateourbusinessand

the

relatedinternalmanagement

reporting.

The

Company’shealthcareand

life

sciences

practices

from

both

our

Corporate

Finance/Restructuring

segmentand

our

Forensic

and

Litigation

Consulting

segment

have

been

combinedunder

a

singleorganizational

structure.

This

single

integratedpractice,ourhealth

solutions

practice,

is

nowaggregated

in

its

entirety

within

theForensic

and

Litigation

Consulting

reportable

segment.

Priorperiod

CorporateFinance/Restructuringand

Forensic

and

Litigation

Consulting

segmentinformation

hasbeen

reclassified

to

conform

to

the

current

periodpresentation.

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