1Q 2013 INVESTOR PRESENTATION
|
|
- Darren Alexander
- 5 years ago
- Views:
Transcription
1 1Q 2013 INVESTOR PRESENTATION APRIL 2013
2 FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning of the Private Securities Litigation Reform Act of Forward-looking statements are those which are not historical facts. These and other statements that relate to future results and events are based on Nielsen s current expectations. Our actual results in future periods may differ materially from those currently expected because of a number of risks and uncertainties. The risks and uncertainties that we believe are material are outlined in our disclosure filings and materials, which you can find on Please consult these documents for a more complete understanding of these risks and uncertainties. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Our outlook is provided as of April 25, 2013 for the purpose of providing information about current expectations for This information may not be appropriate for other purposes. 2
3 WHO WE ARE OUR MISSION To provide clients with the most complete understanding of their consumers and markets worldwide OUR VALUES Open Simple Integrated OUR BRAND Quality Integrity Neutrality 3
4 NIELSEN INVESTMENT HIGHLIGHTS Comprehensive understanding of what consumers buy and watch Global leader in our segments with market presence in ~100 countries Mission critical measurement and analytics embedded in client workflows Syndicated, scalable products and services Favorable market trends provide organic growth opportunities Proven track record of growth and economic resilience Accelerated earnings growth through deleveraging Return of capital to shareholders through dividend Focus on sustainable shareholder value 4
5 NIELSEN STRATEGY BUY Expand coverage of consumer purchase behavior globally WATCH Measure more ways that consumers spend time with media BUY + WATCH Understand how media consumption relates to purchase behavior 5
6 NIELSEN S BUSINESSES WHAT CONSUMERS BUY WHAT CONSUMERS WATCH We provide Retail measurement of sales, market share and analytics for consumer goods Measurement and analytics for content, advertising, and activity for TV, digital, social We help Consumer packaged goods manufacturers, retailers Media companies, content distributors, online publishers, tech players Client example > 80 markets worldwide 50+ year relationship Multi-year contract 70+ year relationship Our measurement and analytics are embedded in our clients operating disciplines 6
7 WE ARE EXPERT IN MEASURING CONSUMERS WHAT CONSUMERS BUY MEASURING MORE MEDIA CONSUMPTION Retail E-commerce WHAT CONSUMERS WATCH BROADER MEASUREMENT PLATFORM Average Time Spent per Person per Day 1 ~1 hr ~2 hrs ~8 hrs ~5 hrs TV/Video Digital/Social Radio/Music TV Radio Online/Mobile Total (1) Nielsen Cross-Platform Report: Based on Total US Population, Persons 2+ for TV and Online, (Home and Work) 13+ for Mobile; 2 nd Qtr 2012; Arbitron Radio Today,
8 SOLID FIRST QUARTER PERFORMANCE FINANCIAL RESULTS Revenue grew 3%...up 4% constant currency Adjusted EBITDA grew 5%...up 6% constant currency Adjusted Net Income grew 26%...up 29% constant currency No change in growth investments Strong free cash flow growth supports dividend Arbitron shareholders approved transaction regulatory process ongoing Reaffirming 2013 guidance KEY INITIATIVES Buy: Expanding coverage Continuing to drive investment and growth in Africa, China, India Activating our Buy data Global Track, Total Store Read, Brand Dashboard Watch: Measuring more audiences Enhancing value to clients with Ad Solutions Increasing reach of OCR/XCR platforms to bridge digital world Developing Social TV ratings Expanding measurement for TV, digital Note: Please see the Appendix for a reconciliation to net income to Adjusted EBITDA and Adjusted Net Income. 8
9 FOREIGN CURRENCY IMPACT 2012 REVENUE DISTRIBUTION FX IMPACT: REPORTED VS. CONSTANT CURRENCY REVENUE By Currency As Reported Projected Impact (a) 100 FX impact (bps) 10 U.S. $ 52% Euro 12% -100 (130) (50) (250) (90) (10) (60) (40) Other 36% -300 (430) (390) Q12 2Q12 3Q12 4Q12 FY12 1Q13 2Q13E 3Q13E 4Q13E FY13E (a) Projected impact assumes rates in effect at 4/23/13 remain in effect for the balance of Also based on company estimates for future quarters on distribution of revenue by currency. We report on a constant currency basis to reflect operating performance 9
10 STEADY SEGMENT REVENUE GROWTH BUY SEGMENT ($ MILLIONS) 3500 $3,409 $3,420 WATCH SEGMENT ($ MILLIONS) $2,861 $3, $1,751 $1,827 $1,919 $1, CONSTANT CURRENCY GROWTH NA 8% 7% 4% CONSTANT CURRENCY GROWTH NA 4% 4% 4% Note: Revenue growth rates derived on a constant currency basis; figures are as reported 2009 constant currency growth by segment is unavailable due to re-segmenting completed in December 2011 In March 2013, we completed the exit and shut down of our legacy online business and recorded a net loss of $3 million associated with this divestiture. All periods have been adjusted to exclude the impact of the discontinued operations. 10
11 NIELSEN IS MORE IMPORTANT THAN EVER Key trends provide organic growth opportunities Growth in developing markets Consumer demographic shifts More media choices Consumers more connected 11
12 TRENDS SHAPING WHAT CONSUMERS BUY PROJECTED INCREASE IN GLOBAL MIDDLE CLASS & SPENDING (1) NIELSEN DEVELOPING MARKETS REVENUE (2) $50B $35B $22B E 2030E CAGR = 12% $1,133 $ Global Middle Class (billions) Spending by Middle Class Developing markets provide greatest opportunity for sustained growth (1) Source: The Emerging Middle Class in Developing Countries, Organization for Economic Cooperation and Development, 2010 (2) Revenue growth rate derived on a constant currency basis 12
13 OUR GLOBAL BREADTH AND DEPTH Nielsen presence Client Trends Past: West East Future: West East Well-positioned to fulfill client needs around the world 13
14 TRENDS SHAPING WHAT CONSUMERS WATCH MORE CHOICES AND PLATFORMS (1) % ADVERTISING SPEND BY MEDIUM (2) Device Ownership Among Americans Within TV Homes E Own at least one TV 289M 37% 30% 7% SMART- PHONES HD HDTV DVD Player 86% HD Capable 75% OVER-THE-TOP TABLETS DISTRIBUTION SMART TV WITH SOCIAL CAPABILITIES DVR APP DRIVEN DIGITAL WORLD 47% Satellite 33% 16% 40% 7% 23% 40% Video Game Console 56% Digital Cable 52% Tablet 16% Internet-Enabled TV 4% TELEVISION INTERNET PRINT AND OTHER RADIO (1) Source: Nielsen State of the Media: U.S. Consumer Usage Report 2012 (January 7, 2013) (2) Source: ZenithOptimedia, ZenithOptimedia Forecasts 4.1% Growth in Ad Spend in 2013, December 3,
15 HELPING CLIENTS ASSESS MARKETING ROI REACH Who did program or ad reach? RESONANCE Did it change attitudes? REACTION Did it change behavior? Reach and frequency (GRP), demographics Brand recall, likeability, loyalty, purchase intent Buy + Watch 15
16 COMPELLING FINANCIAL MODEL PRIORITIES RESULTS Consistent growth 5% revenue CAGR from 08 to 12 (1) 27 quarters of consecutive growth Developing markets growth opportunity Recurring revenue Operating leverage Deleveraging High renewal rates 70% recurring across Watch & Buy 30+ year relationship with top clients Sustainable operating efficiencies Adjusted EBITDA margin benefit Significant market/product reinvestment Net debt ratio reduced from 9.1x at 12/31/06 to 3.76x at 3/31/13 (2) Lowering rate, extending maturities Sustainable, low cash tax rate (1) Based on constant currency growth (2) Reflects net debt (gross debt minus cash), divided by Adjusted EBITDA calculated on last twelve months basis. 16
17 CAPITAL ALLOCATION AND RETURN Focus on shareholder value DEBT MATURITY PROFILE (1) ($ MILLIONS) DELEVERAGING PROGRESS (2) 9.1x 7.9x 7.4x 6.2x 5.8x 4.0x 3.75x 3.76x CAPITAL ALLOCATION Priorities for free cash flow Investing in growth Paying down debt Returning capital to shareholders Capital Return Dividend initiated 1Q13 Quarterly payment of $0.16 per share Target capital structure Net debt ratio of x Optimize for future maturities and refinancing needs in Q13 (1) Reflects 3/31/13 debt balances. Figures exclude capital leases and bank overdrafts (2) Reflects net debt (gross debt minus cash), divided by Adjusted EBITDA calculated on last twelve months basis. Excludes $288M of mandatory convertible subordinated debt which converted to equity in February 2013, but includes all other debt, including capital leases 17
18 LONG TERM FINANCIAL FRAMEWORK REVENUE GROWTH MID-SINGLE DIGIT ADJUSTED EBITDA GROWTH ~1-2X REVENUE GROWTH DEVELOPING MARKET GROWTH DOUBLE DIGIT ADJUSTED NET INCOME GROWTH ~2-3X ADJ. EBITDA GROWTH TARGET LEVERAGE X NET DEBT RATIO CAPITAL RETURN QUARTERLY DIVIDEND Note: All measures represented on constant currency basis 18
19 APPENDIX
20 QUARTERLY FINANCIAL PERFORMANCE REVENUE ($ MILLIONS) 1600 ADJUSTED EBITDA ($ MILLIONS) $1,334 $1,380 $1,418 $1,458 $1, $390 $425 $ $333 $ Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 0 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 CONSTANT CURRENCY GROWTH 4.2% 3.6% 4.6% 3.6% 4.0% ADJUSTED EBITDA MARGIN 25.0% 28.3% 30.0% 31.3% 25.4% Note: Revenue growth rates derived on a constant currency basis; figures and Adjusted EBITDA margin are as reported. In March 2013, we completed the exit and shut down of our legacy online business and recorded a net loss of $3 million associated with this divestiture. All periods have been adjusted to exclude the impact of the discontinued operations. 20
21 QUARTERLY FINANCIAL PERFORMANCE REVENUE ($ MILLIONS) ADJUSTED EBITDA (1) ($ MILLIONS) $61 $474 $799 $38 $67 $493 $499 $849 $852 $17 $521 $920 $57 $494 $ $36 $186 $121 $41 $14 $213 $213 $169 $175 $3 $234 $221 $32 $199 $ Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 0 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Buy Watch Expo (1) The representation by segment does not include Corporate, which contributes to the full view of total Adjusted EBITDA for the Company Note: Figures are as reported In March 2013, we completed the exit and shut down of our legacy online business and recorded a net loss of $3 million associated with this divestiture. All periods have been adjusted to exclude the impact of the discontinued operations. 21
22 ANNUAL PERFORMANCE BY SEGMENT REVENUE ($ MILLIONS) ADJUSTED EBITDA (1) ($ MILLIONS) 6000 $179 $ $180 $1,751 $2,861 $168 $1,827 $3,108 $1,919 $1,987 $3,409 $3, $63 $670 $78 $701 $94 $87 $778 $ $595 $656 $699 $ Buy Watch Expo (1) The representation by segment does not include Corporate, which contributes to the full view of total Adjusted EBITDA for the Company Note: Figures are as reported In March 2013, we completed the exit and shut down of our legacy online business and recorded a net loss of $3 million associated with this divestiture. All periods have been adjusted to exclude the impact of the discontinued operations. 22
23 CERTAIN NON-GAAP MEASURES Overview of Non-GAAP Presentations We consistently use the below non-gaap financial measures to evaluate the results of our operations. We believe that the presentation of these non-gaap measures provides useful information to investors regarding financial and business trends related to our results of operations and that when this non-gaap financial information is viewed with our GAAP financial information, investors are provided with a more meaningful understanding of our ongoing operating performance. None of the non-gaap measures presented should be considered as an alternative to net income or loss, operating income or loss, cash flows from operating activities or any other performance measures of operating performance or liquidity derived in accordance with GAAP. These non-gaap measures have important limitations as analytical tools and should not be considered in isolation or as substitutes for an analysis of our results as reported under GAAP. Constant Currency Presentation We evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-gaap measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe providing constant currency information provides valuable supplemental information regarding our results of operations, consistent with how we evaluate our performance. We calculate constant currency percentages by converting our prior-period local currency financial results using the current period exchange rates and comparing these adjusted amounts to our current period reported results. Net Debt and Net Debt Leverage Ratio The net debt leverage ratio is defined as net debt as of the balance sheet date divided by Adjusted EBITDA for the twelve months then ended. Net debt calculations exclude 288M of mandatory convertible subordinated debt due Net debt and the net debt leverage ratio are not presentations made in accordance with GAAP, and our use of these terms may vary from the use of similarly-titled measures by others in our industry due to the potential inconsistencies in the method of calculation and differences due to items subject to interpretation. 23
24 CERTAIN NON-GAAP MEASURES (continued) Adjusted EBITDA We define Adjusted EBITDA as net income or loss from our consolidated statements of operations before interest income and expense, income taxes, depreciation and amortization, restructuring charges, goodwill and intangible asset impairment charges, stock-based compensation expense and other non-operating items from our consolidated statements of operations as well as certain other items considered unusual or non-recurring in nature. Adjusted EBITDA is not a presentation made in accordance with GAAP, and our use of the term Adjusted EBITDA may vary from the use of similarly-titled measures by others in our industry due to the potential inconsistencies in the method of calculation and differences due to items subject to interpretation. We use Adjusted EBITDA to consistently measure our performance from period to period both at the consolidated level as well as within our operating segments, to evaluate and fund incentive compensation programs and to compare our results to those of our competitors. Adjusted Net Income We define Adjusted Net Income as net income or loss from our consolidated statements of operations before income taxes, depreciation and amortization associated with acquired tangible and intangible assets, restructuring charges, goodwill and intangible asset impairment charges, other non-operating items from our consolidated statements of operations and certain other items considered unusual or non-recurring in nature, reduced by cash paid for income taxes. Also excluded from Adjusted Net Income is interest expense attributable to the mandatory convertible subordinated bonds due
25 ADJUSTED NET INCOME RECONCILIATION: Q1 ($ in millions except per share amounts) Quarter ended March 31, (Unaudited) Net income $ 34 $ 25 Loss from discontinued operations, net of tax 3 2 Interest expense, net Provision for income taxes 27 8 Depreciation and amortization EBITDA Equity in net loss of affiliates 1 2 Other non-operating expense, net Restructuring charges Stock-based compensation expense 10 8 Other items (a) 7 2 Adjusted EBITDA Interest expense, net (82) (105) Depreciation and amortization (126) (129) Depreciation and amortization of acquisition-related tangible and intangible assets Cash paid for income taxes (29) (23) Stock-based compensation expense (10) (8) Interest expense attributable to mandatory convertible bonds 2 6 Adjusted net income $ 145 $ 115 Adjusted net income per share of common stock, diluted (b) $0.38 $0.31 (a), (b) See footnotes on next page 25
26 ADJUSTED NET INCOME RECONCILIATION: Q1 (continued) (a) (b) Other items primarily consist of transaction-related fees. Adjusted Net Income per share of common stock presented on a diluted basis includes potential common shares associated with stock-based compensation plans that may have been considered antidilutive in accordance with GAAP. The amount also includes the weighted-average amount of shares of common stock convertible associated with the mandatory convertible bonds based upon the average price of our common stock during the period. Weighted-average shares of common stock outstanding as of quarter ended March 31, 2013, basic 370,583,217 Dilutive shares of common stock from stock compensation plans 4,973,804 Shares of common stock convertible associated with the mandatory convertible bonds 3,587,974 Weighted-average shares of common stock outstanding, diluted 379,144,995 26
27 FREE CASH FLOW RECONCILIATION ($ in millions) QUARTER ENDED MARCH Net cash provided by/(used in) operating activities $54 $(3) Capital expenditures (70) (82) Free Cash Flow $(16) $(85) 27
28 SELECTED CASH FLOW & BALANCE SHEET ITEMS ($ in millions) CASH FLOW 1Q 13 CAPITAL TABLE Free Cash Flow $(16) 3/31/13 12/31/12 Change Capex $70 Cash Taxes $29 Restructuring $21 Loan Debt (secured) $4,113 $4,090 $ % Sr. Notes % Sr. Notes 1,084 1, % Sr. Notes BALANCE SHEET 3/31/13 Gross Debt $6,320 Cash $233 Net Debt $6,087 Net Debt Ratio (b) 3.76x Capital lease/misc. debt Total Debt $6,320 $6,296 (a) 24 Less Cash (55) Net Debt $6,087 $6, Net Debt Ratio (b) 3.76x 3.75x.01x Weighted avg. interest rate (a) 4.49% 4.86% (37) bps (a) (b) Does not include $288 million of mandatory convertible subordinated bonds converted into common shares February 2013; weighted avg. interest rate calculated based on amount outstanding at end of quarter Reflects Net Debt divided by Adjusted EBITDA calculated on last twelve months basis. 28
29 UNAUDITED SUPPLEMENTAL INFORMATION In March 2013, we completed the exit and shut down of one of our legacy online businesses and recorded a net loss of $3 million associated with this divestiture. The condensed consolidated statements of operations reflect the operating results of this business as a discontinued operation. Note that the discontinued operations had no impact on our Buy or Expositions segments. Summarized results of operations for this discontinued operation for the three months ended March 31, 2013 are as follows: Quarter ended (in millions) March 31, 2013 Revenues $ 3 Adjusted EBITDA $ (2) The below tables detail supplemental unaudited Total Nielsen and Watch segment revenues and Adjusted EBITDA, which have been adjusted to reflect the impact of the discontinued operations on our historical operating results, for each of the quarterly periods in the two years ended December 31, 2012 and Revenues Watch Revised YoY Growth (a) Total Nielsen Revised YoY Growth (a) (in millions) Q 2012 $ % $ 1, % 2Q % 1, % 3Q % 1, % 4Q % 1, % Total $ 1, % $ 5, % Q 2011 $ % $ 1, % 2Q % 1, % 3Q % 1, % 4Q % 1, % Total $ 1, % $ 5, % Adjusted EBITDA Watch Total Nielsen (in millions) Q 2012 $ 186 $ 333 2Q Q Q Total $ 846 $ 1, Q 2011 $ 176 $ 319 2Q Q Q Total $ 778 $ 1,543 (a) Year-over-year growth in constant currency 29
30
William Blair Growth Stock Conference. June 13, 2012
NLSN @ William Blair Growth Stock Conference June 13, 2012 Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects,
More informationNLSN 4Q and FY 2011 Investor Presentation
NLSN 4Q and FY 2011 Investor Presentation Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning
More information4 TH QUARTER AND FULL YEAR 2012 RESULTS
4 TH QUARTER AND FULL YEAR 2012 RESULTS CONFERENCE CALL & WEBCAST FEBRUARY 11, 2013 5:00 PM ET NYSE: NLSN SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements,
More informationNLSN 2Q 2011 Investor Presentation
NLSN 2Q 2011 Investor Presentation Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning of the
More informationCiti Credit Conference. Bill Bradley, Treasurer November 15, 2012
NLSN @ Citi Credit Conference Bill Bradley, Treasurer November 15, 2012 Forward Looking Statements The following discussion may contain forward-looking statements, including those about Nielsen s outlook
More informationGoldman Sachs Communacopia Conference. September 19, 2012
NLSN @ Goldman Sachs Communacopia Conference September 19, 2012 Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects,
More information3 RD QUARTER 2013 RESULTS CONFERENCE CALL & WEBCAST
3 RD QUARTER 2013 RESULTS CONFERENCE CALL & WEBCAST OCTOBER 23, 2013 8:30AM ET / 2:30PM CET NYSE: NLSN SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements,
More informationNIELSEN INVESTOR OVERVIEW MARCH 2014
NIELSEN INVESTOR OVERVIEW MARCH 2014 FORWARD LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning of the
More information4 TH QUARTER AND FULL YEAR 2015 RESULTS FEBRUARY 11, :00AM ET NYSE: NLSN
4 TH QUARTER AND FULL YEAR 2015 RESULTS FEBRUARY 11, 2016 8:00AM ET NYSE: NLSN SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about
More information4 TH QUARTER AND FULL YEAR 2016 RESULTS THURSDAY FEBRUARY 9, :00AM ET NYSE: NLSN
4 TH QUARTER AND FULL YEAR 2016 RESULTS THURSDAY FEBRUARY 9, 2017 8:00AM ET NYSE: NLSN SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS The following discussion contains forward-looking statements, including
More informationNIELSEN REPORTS FIRST QUARTER 2011 RESULTS
News Release Investor Relations: Liz Zale, +1 646 654 4593 Media Relations: Kristie Bouryal, +1 646 654 5577 NIELSEN REPORTS FIRST QUARTER 2011 RESULTS Revenue for the quarter grew 8.9% to $1,302 million,
More informationNIELSEN REPORTS 2nd QUARTER 2018 RESULTS Conducting a Strategic Review of Buy Segment
News Release Investor Relations: Sara Gubins, +1 646 654 8153 Media Relations: Laura Nelson, +1 203 563 2929 NIELSEN REPORTS 2nd QUARTER 2018 RESULTS Conducting a Strategic Review of Buy Segment New York,
More informationNews Release. Investor Relations: Amy Glynn/Yaeni Kim, /5391 Media Relations: Anne Taylor Adams,
News Release Investor Relations: Amy Glynn/Yaeni Kim, +1 646 654 4931/5391 Media Relations: Anne Taylor Adams, +1 646 654 5759 NIELSEN REPORTS 3 rd QUARTER 2016 RESULTS New York, USA October 25, 2016 Nielsen
More informationNielsen Holdings N.V. Reports Fourth Quarter and Full Year 2010 Results
March 01, 2011 Nielsen Holdings N.V. Reports Fourth Quarter and Full Year 2010 Results Revenue for the year grew 6.6% to $5,126 million, 6.1% constant currency Adjusted EBITDA for the year grew 7.5% to
More informationNIELSEN INVESTOR OVERVIEW MARCH 2015
NIELSEN INVESTOR OVERVIEW MARCH 2015 FORWARD LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning of the
More information2018 Revenues Decreased 0.9%, or 0.7% on a Constant Currency Basis, in Line with Guidance
News Release Investor Relations: Sara Gubins, +1 646 654 8153 Media Relations: Laura Nelson, +1 203 563 2929 NIELSEN REPORTS 4 th QUARTER AND FULL YEAR 2018 RESULTS 2018 Revenues Decreased 0.9%, or 0.7%
More informationNews Release. Investor Relations: Sara Gubins, Media Relations: Anne Taylor Adams,
News Release Investor Relations: Sara Gubins, +1 646 654 8153 Media Relations: Anne Taylor Adams, +1 646 654 5759 NIELSEN REPORTS 4 th QUARTER AND FULL YEAR RESULTS New York, USA February 8, 2018 Nielsen
More informationTHE NIELSEN COMPANY REPORTS THIRD QUARTER 2009 RESULTS
News Release Investor Relations: Bill Bradley, +1 203 563 3159 Media Relations: Susan Duffy, +1 646 654 5444 THE NIELSEN COMPANY REPORTS THIRD QUARTER 2009 RESULTS New York, USA November 12, 2009 The Nielsen
More informationNIELSEN INVESTOR OVERVIEW 4Q 2015
NIELSEN INVESTOR OVERVIEW 4Q 2015 FORWARD LOOKING STATEMENTS The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects, in the meaning of the Private
More information4Q 2018 Highlights and Operating Results. Products. Technology. Services. Delivered Globally.
4Q 2018 Highlights and Operating Results Products. Technology. Services. Delivered Globally. Table of Contents Page 3 Safe Harbor Statement and Non-GAAP Financial Measures 4 Sales Overview 9 Overview of
More information2018 FOURTH QUARTER EARNINGS CALL
NORTH AMERICA S LEADING BUILDING MATERIALS DISTRIBUTOR RESIDENTIAL COMMERCIAL INTERIOR SOLAR 2018 FOURTH QUARTER EARNINGS CALL Forward Looking Statements / Non-GAAP Measures This presentation contains
More informationFourth Quarter and Full Year 2018 Financial Review and Analysis
Fourth Quarter and Full Year 2018 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same periods in the prior
More informationORACLE CORPORATION. Q1 FISCAL 2016 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data) REVENUES % Increase Three Months Ended August 31, % Increase (Decrease) % of % of (Decrease) in Constant 2015 Revenues
More informationORACLE CORPORATION. Q4 FISCAL 2013 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data)
Q4 FISCAL 2013 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ( in millions, except per share data) REVENUES Software Revenues Hardware systems support Hardware Systems Revenues Services
More information2Q 2017 Highlights and Operating Results
2Q 2017 Highlights and Operating Results July 25, 2017 1 2Q 2017 Highlights and Operating Results Table of Contents Page(s) 1 Sales Overview and Highlights 4-5 2 NSS Overview 6-7 3 EES Overview 8-9 4 UPS
More information4Q 2017 Highlights and Operating Results
4Q 2017 Highlights and Operating Results January 30, 2018 1 4Q 2017 Highlights and Operating Results Table of Contents Page(s) 1 Sales Overview 4-8 2 Financial Performance Trends 9-16 3 Leverage Metrics
More information3Q 2018 Highlights and Operating Results. Products. Technology. Services. Delivered Globally.
3Q 2018 Highlights and Operating Results Products. Technology. Services. Delivered Globally. Table of Contents Page 3 Safe Harbor Statement and Non-GAAP Financial Measures 4 Sales Overview 9 Overview of
More informationElectronic Arts Inc. Q1 FY 2014 Results. July 23, 2013
Electronic Arts Inc. Q1 FY 2014 Results July 23, 2013 Safe Harbor Statement Please review our risk factors on Form 10-K filed with the SEC. Some statements set forth in this document, including the information
More informationW W E Q 4 A N D F U L L Y E A R R E S U LT S F E B R U A R Y 8,
W W E Q 4 A N D F U L L Y E A R 2 0 7 R E S U LT S F E B R U A R Y 8, 2 0 8 Forward-Looking Statements This presentation contains forward-looking statements pursuant to the safe harbor provisions of the
More informationHORIZON GLOBAL DRIVEN TO DELIVER. 28 th Annual Roth Conference March 2016 NYSE: HZN
HORIZON GLOBAL DRIVEN TO DELIVER 28 th Annual Roth Conference March 2016 1 Safe Harbor Statement Forward-Looking Statements This presentation may contain "forward-looking statements" as defined in the
More informationElectronic Arts Inc. Q4 FY 2013 Results. May 7, 2013
Electronic Arts Inc. Q4 FY 2013 May 7, 2013 Safe Harbor Statement Please review our risk factors on Form 10-K and Form 10-Q filed with the SEC. Some statements set forth in this document, including the
More information1Q 2018 Highlights and Operating Results
1Q 2018 Highlights and Operating Results April 26, 2018 1 Table of Contents Page(s) 4 Announced Agreements to Acquire Australia and New Zealand Security Businesses 5-9 Sales Overview 10-17 Financial Performance
More information4Q17 EARNINGS FEBRUARY 2018
4Q17 EARNINGS FEBRUARY 218 2 FORWARD-LOOKING STATEMENTS The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking
More informationWWE INVESTOR PRESENTATION
WWE INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which
More informationZEBRA TECHNOLOGIES. William Blair Growth Stock Conference June 16, 2016
ZEBRA TECHNOLOGIES William Blair Growth Stock Conference June 16, 2016 Safe Harbor Statement Statements made in this presentation which are not statements of historical fact are forward-looking statements
More informationMSCI. J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO. February 28, 2017
MSCI J.P. Morgan Global High Yield & Leveraged Finance Conference Kathleen Winters, CFO February 28, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document.
More informationHorizon Global Third Quarter 2017 Earnings Presentation
Horizon Global Third Quarter 2017 Earnings Presentation October 31, 2017 Q1 2016 Earnings 1 Safe Harbor Statement Forward-Looking Statements This presentation may contain "forward-looking statements" as
More informationForward-Looking Statements
William Blair & Company 27 th Annual Growth Stock Conference June 20, 2007 0 Forward-Looking Statements This presentation contains forward-looking statements that are subject to a number of risks and uncertainties,
More informationFORWARD-LOOKING STATEMENTS
WWE INVESTOR PRESENTATION DECEMBER 2018 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of
More informationThird Quarter Earnings November 8, 2018
Third Quarter Earnings November 8, 2018 Forward Looking Statements & Disclosures Forward Looking Statement: With the exception of the historical information contained in this presentation, the matters
More informationMSCI THIRD QUARTER 2016
MSCI THIRD QUARTER 2016 Earnings Presentation October 27, 2016 2016 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD-LOOKING STATEMENTS Forward-Looking
More informationZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016
ZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016 Anders Gustafsson Chief Executive Officer Mike Smiley Chief Financial Officer 2 Safe Harbor Statement Statements made in this presentation which
More information2018 Liberty Investor Meeting
2018 Liberty Investor Meeting Steve Kaufer, CEO and President November 14, 2018 Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements"
More informationTripAdvisor Investor Presentation. February 2019
TripAdvisor Investor Presentation February 2019 1 Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of
More informationTransUnion. Investor Presentation
TransUnion Investor Presentation APRIL 2017 Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements
More informationThis presentation is a supplement to, and should be read in conjunction with, Viacom s earnings release for the quarter ended June 30, 2018.
This presentation contains both historical and forward-looking statements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking
More informationWWE INVESTOR PRESENTATION
WWE INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which
More informationThird Quarter 2018 Earnings. (Unaudited Results) October 25, 2018
Third Quarter 2018 Earnings (Unaudited Results) October 25, 2018 Forward-Looking Statements This presentation contains a number of forward-looking statements within the meaning of the Private Securities
More informationWWE INVESTOR PRESENTATION
WWE INVESTOR PRESENTATION FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which
More information1Q18 EARNINGS MAY 2018
1Q18 EARNINGS MAY 2018 FORWARD-LOOKING STATEMENTS The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking statements
More informationInvestor Presentation. May 2015
Investor Presentation May 2015 AGENDA 1 - Our markets, a significant opportunity 2 Cnova is built on two strong companies: Cdiscount and Cnova Brasil 3 - The development of marketplaces: a key element
More informationACXIOM ANNOUNCES SECOND QUARTER RESULTS. Connectivity Posts Record Revenue and Double-Digit Segment Margin. Strengthens Full-Year EPS Guidance
ACXIOM ANNOUNCES SECOND QUARTER RESULTS Connectivity Posts Record Revenue and Double-Digit Segment Margin Strengthens Full-Year EPS Guidance Repurchases 860,000 Shares in the Quarter CONWAY, Ark., November
More informationAvery Dennison Jefferies Industrials Conference
Avery Dennison Jefferies Industrials Conference August 9, 2016 Anne Bramman SVP and Chief Financial Officer 1 Avery Dennison Investor Presentation Forward-Looking Statements Certain statements contained
More information2Q17 EARNINGS AUGUST 2017
2Q17 EARNINGS AUGUST 2017 FORWARD-LOOKING STATEMENTS The statements contained in this release that refer to plans and expectations for the next quarter, the full year or the future are forward-looking
More informationACXIOM ANNOUNCES FIRST QUARTER RESULTS. Total Revenue Grows 9% Year-over-Year. Enters Into Definitive Agreement to Sell Impact Business
For more information, contact: Lauren Dillard Investor Relations (650) 372-2242 investor.relations@acxiom.com EACXM ACXIOM ANNOUNCES FIRST QUARTER RESULTS Total Revenue Grows 9% Year-over-Year Enters Into
More informationThird Quarter Report Period Ended September 30, Management s Discussion and Analysis and Unaudited Consolidated Financial Statements
Third Quarter Report Period Ended September 30, 2017 Management s Discussion and Analysis and Unaudited Consolidated Financial Statements Management s Discussion and Analysis This management s discussion
More informationSecond Quarter 2018 Financial Review and Analysis (preliminary, unaudited)
Second Quarter 2018 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same period in the prior year. 1 Second
More informationF O U R T H Q U A R T E R R E S U L T S February 6, 2018
F O U R T H Q U A R T E R 2 0 1 7 R E S U L T S February 6, 2018 Safe Harbor for Forward-Looking Statements Certain statements in this presentation are forward-looking statements within the meaning of
More information3Q 2017 Earnings Presentation. November 9, 2017
3Q 2017 Earnings Presentation November 9, 2017 Cautionary Statement Concerning Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements within the
More informationInvestor Presentation. July 31, 2018
Investor Presentation July 31, 2018 SAFE HARBOR This presentation may contain projections or other forward-looking statements regarding future events or our future financial performance or estimates regarding
More informationAMC NETWORKS INC. REPORTS THIRD QUARTER 2015 RESULTS
Third Quarter Highlights (1) : AMC NETWORKS INC. REPORTS THIRD QUARTER 2015 RESULTS Net revenues increased 21.7% to $632 million AOCF 2 increased 34.3% to $191 million Operating income increased 44.5%
More informationQ Earnings Conference Call
Q1 2018 Earnings Conference Call May 1, 2018 Christopher North, President and CEO Mike Pope, CFO Safe Harbor Disclaimer This presentation contains "forward-looking" statements within the meaning of Section
More informationQ1 FISCAL YEAR 2017 FINANCIAL RESULTS LAUSANNE, JULY 28, 2016
Q1 FISCAL YEAR 2017 FINANCIAL RESULTS LAUSANNE, JULY 28, 2016 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws, including,
More informationAppendix. Non-GAAP Adjustments
Appendix Non-GAAP Adjustments Reconciliation of Reported (GAAP) to Adjusted (non GAAP) Financial Measures (Dollar amounts in millions, except per share data) 00 006 007 008 009 3 00 0 4 0 03 6 04 7 0 8
More informationQuarterly Fact Sheet - Q4 FY16
Amounts in millions, except per share amounts, ASP, percentages 1 Updated as of September 7, 2016 Revenue $4,035 $3,824 $3,764 $3,728 $3,804 $3,972 $3,703 $3,651 $3,943 $3,888 $3,550 $3,191 $3,360 $3,317
More informationANSYS REPORTS RECORD FOURTH QUARTER AND FISCAL YEAR 2016 RESULTS. Initiates Q Outlook and Adjusts FY 2017 Outlook for Changes in Currency
NEWS RELEASE Contact: FOR IMMEDIATE RELEASE Investors: Annette Arribas, CTP Media: 724.820.3700 annette.arribas@ansys.com Tom Smithyman 724.820.4340 tom.smithyman@ansys.com ANSYS REPORTS RECORD FOURTH
More informationGroupon Announces Fourth Quarter and Fiscal Year 2013 Results
February 20, 2014 Groupon Announces Fourth Quarter and Fiscal Year 2013 Results Fourth quarter gross billings of $1.6 billion, $5.8 billion for the full year Fourth quarter revenue of $768.4 million, $2.6
More informationQ Results. November 2018
Q3 2018 Results November 2018 Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities
More informationQ Earnings. January 23, 2019
Q1 2019 Earnings January 23, 2019 Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning
More informationQ Results. May 2018
Q1 2018 Results May 2018 Forward-Looking Statements. Our presentation today, including the slides contained herein, contains "forward-looking statements" within the meaning of the Private Securities Litigation
More informationFourth Quarter 2018 Earnings
Fourth Quarter 2018 Earnings John Visentin, CEO Bill Osbourn, CFO January 29, 2019 http://www.xerox.com/investor Forward-Looking Statements This presentation, and other written or oral statements made
More informationAFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2015 REPORTS $75
More information: Torrey Martin SVP, Communications and Corporate Development 203.956.8746 tmartin@affiniongroup.com AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER
More informationSUPPLEMENTAL FINANCIAL INFORMATION Q3 FISCAL YEAR 2018 (QUARTER ENDED DEC 31, 2017)
SUPPLEMENTAL FINANCIAL INFORMATION Q3 FISCAL YEAR 2018 (QUARTER ENDED DEC 31, 2017) Q3 FY2018 FINANCIAL HIGHLIGHTS $812 18% 34.4% $117 $0.65 $189 million million per share million Revenue YoY Sales Growth
More informationXylem Agrees to Acquire Sensus to Broaden Portfolio and Enhance Growth Platform AUGUST 15, 2016
1 Xylem Agrees to Acquire Sensus to Broaden Portfolio and Enhance Growth Platform AUGUST 15, 2016 Forward-Looking Statements This presentation contains information that may constitute forward-looking statements.
More informationFirst Quarter 2018 Financial Results. January 26, 2018
First Quarter 2018 Financial Results January 26, 2018 This presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included
More informationN O V E M B E R 2 0,
N O V E M B E R 2 0, 2 0 1 8 This communication contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. These forward-looking
More informationQ3 FY2014 Earnings Presentation November 4, 2014
Q3 FY2014 Earnings Presentation November 4, 2014 FORWARD LOOKING STATEMENTS AND OTHER IMPORTANT CAUTIONS Statements in this presentation which are not statements of historical fact, including but not limited
More informationFY 2017 SECOND QUARTER EARNINGS. Adient delivers strong Q2 results; increases full year earnings expectations $286M $192M $2.04 $4,212M $235M 7.
FY 2017 SECOND QUARTER EARNINGS Adient delivers strong Q2 results; increases full year earnings expectations > > GAAP net income and EPS diluted increased to $192M and $2.04, respectively; adjusted-eps
More informationebay Inc. Reports Fourth Quarter and Full Year 2018 Results and Announces Capital Structure Evolution
Exhibit 99.1 Reports Fourth Quarter and Full Year Results and Announces Capital Structure Evolution Revenue of $2.9 billion GAAP and Non-GAAP EPS per diluted share of $0.80 and $0.71, respectively, on
More informationQ4 and Full Year 2018 Earnings Slides. February 5, 2019
Q4 and Full Year 208 Earnings Slides February 5, 209 FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES Forward-Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking
More informationPayPal Reports Third Quarter 2017 Results
PayPal Reports Third Quarter 2017 Results Revenue increased 21% to $3.239 billion, 22% FX-neutral revenue growth GAAP EPS increased 17% to $0.31, non-gaap EPS increased 31% to $0.46 SAN JOSE, Calif.--(BUSINESS
More informationFull Year 2011 Results
Full Year 2011 Results Nancy McKinstry CEO and Chairman of the Executive Board Boudewijn Beerkens CFO and Member of the Executive Board Jack Lynch Member of the Executive Board February 22, 2012 Forward-looking
More informationCUMULUS MEDIA Reports Operating Results for Fourth Quarter and Full Year 2018
CUMULUS MEDIA Reports Operating Results for Fourth Quarter and Full Year 2018 Reports Q4 Net Revenue Growth of 5.2% and Adjusted EBITDA Growth of 31.6% Reports Full Year Revenue Growth of 0.4% and Adjusted
More information4Q18 EARNINGS. February NASDAQ: GRPN /
4Q18 EARNINGS February 2019 NASDAQ: GRPN / ir@groupon.com Forward-Looking Statements The statements contained in this release that refer to plans and expectations for the next quarter, the full year or
More informationFY 2017 FOURTH QUARTER EARNINGS. Adient s Q4 results solidify a strong FY17; positive momentum reflected in FY18 outlook $389M $344M $3,979M $3.
FY 2017 FOURTH QUARTER EARNINGS Adient s Q4 results solidify a strong FY17; positive momentum reflected in FY18 outlook > > Q4 GAAP net income and EPS diluted increased to $344M and $3.67, respectively;
More informationQuarterly Investor Presentation. First Quarter 2017
Quarterly Investor Presentation First Quarter 2017 Forward Looking Statements This presentation contains statements about future events and expectations that constitute forward looking statements. These
More informationGAAP and Non-GAAP net revenues of $474 million, up 4% sequentially
June 8, 2017 10:57 UTC Verifone Reports Financial Results for Second Quarter of Fiscal 2017 SAN JOSE, Calif.--(BUSINESS WIRE)-- Verifone (NYSE: PAY), a world leader in payments and commerce solutions,
More informationLIONS GATE ENTERTAINMENT CORP. TRENDING SCHEDULES BASIS OF PRESENTATION
BASIS OF PRESENTATION August 9, 2018 Purpose of Trending Schedules The trending schedules summarize unaudited financial information to facilitate your review and understanding of Lions Gate Entertainment
More informationFirst Quarter 2018 May 3, 2018
First Quarter 2018 May 3, 2018 Safe Harbor Please note that in this presentation, we may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements.
More informationFirst Quarter 2018 Financial Review and Analysis (preliminary, unaudited)
First Quarter 2018 Financial Review and Analysis (preliminary, unaudited) Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same period in the prior year. 1 First Quarter
More informationFY 2018 FIRST QUARTER EARNINGS. Adient s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business $4,204M $102M
FY 2018 FIRST QUARTER EARNINGS Adient s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business > > Q1 GAAP net income and EPS diluted of $(216)M and $(2.32), respectively; Q1
More informationAptiv Reports Record Second Quarter 2018 Financial Results; Raises Full Year Outlook
Aptiv Reports Record Second Quarter 2018 Financial Results; Raises Full Year Outlook DUBLIN - Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported second
More informationHorizon Global First Quarter 2016 Earnings Presentation
Horizon Global First Quarter 2016 Earnings Presentation May 3, 2016 1 Safe Harbor Statement Forward-Looking Statements This presentation may contain "forward-looking statements" as defined in the Private
More informationLogitech Delivers Best Annual Retail Sales Growth in Five Years
Editorial Contacts: Joe Greenhalgh, Vice President, Investor Relations - USA (510) 713-4430 Krista Todd, Vice President, External Communications - USA (510) 713-5834 Ben Starkie, Corporate Communications
More informationGroupon Announces First Quarter 2015 Results
May 5, 2015 Groupon Announces First Quarter 2015 Results Gross billings of $1.6 billion Revenue of $750.4 million Adjusted EBITDA of $72.4 million GAAP loss per share of $0.02; non-gaap earnings per share
More information2018 THIRD QUARTER EARNINGS CALL
2018 THIRD QUARTER EARNINGS CALL Webcast: ir.avisbudgetgroup.com Dial-in: (630) 395.0021 Replay: (402) 220-0222 Passcode: 2995545 November 6, 2018 FORWARD-LOOKING STATEMENTS Statements about future results
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION April 30, 2015 Safe Harbor Forward-Looking Statements. This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of
More informationAltice USA Q4 and Full-Year 2018 Results. February 21, 2019
Altice USA Q4 and Full-Year 2018 Results February 21, 2019 Disclaimer FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute forward-looking statements within the meaning of the
More informationSafe Harbor. Non-GAAP Financial Information
1 Safe Harbor This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including financial projections subject to risks, uncertainties
More informationMSCI. Raymond James 38 th Annual Institutional Investors Conference. Kathleen Winters, CFO. March 8, 2017
MSCI Raymond James 38 th Annual Institutional Investors Conference Kathleen Winters, CFO March 8, 2017 2017 MSCI Inc. All rights reserved. Please refer to the disclaimer at the end of this document. FORWARD
More information