Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q2 2021 Earnings Presentation
15 slides from Willis Towers Watson Public's earnings presentation, Aug 3, 2021
Slide 1: Earnings Release Supplemental Materials: 2021 Second Quarter Financial Results
willistowerswatson.com willistowerswatson.com Willis Towers Watson Earnings Release Supplemental Materials 2021 Second Quarter Financial Results August 3, 2021 © 2021 Willis Towers Watson. All rights reserved.
Slide 2: Forward Looking Statements
willistowerswatson.com Willis Towers Watson Forward Looking Statements © 2021 Willis Towers Watson. All rights reserved. This document contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements and other forwa
Slide 3: Non-GAAP Measures
willistowerswatson.com Willis Towers Watson Non - GAAP Measures © 2021 Willis Towers Watson. All rights reserved. In order to assist readers of our consolidated financial statements in understanding the core operating results that Willis T owe rs Watson’s management uses to evaluate the business and
Slide 4: Q2 2021 GAAP Financial Results Key Figures
willistowerswatson.com Q2 2021 GAAP Financial Results Key Figures © 2021 Willis Towers Watson. All rights reserved. 3 $USD million, except EPS and % Three months ended June 30, Six months ended June 30, 2020 2021 2020 2021 Revenue as reported % change $2,113 $2,286 +8% $4,579 $4,876 +6% Income from
Slide 5: Q2 2021 Key Figures, Includes Non-GAAP Financial Results
willistowerswatson.com Q2 2021 Key Figures, Includes Non - GAAP Financial Results Willis Towers Watson reports strong second quarter 2021 earnings © 2021 Willis Towers Watson. All rights reserved. $ 2.3 B Q2 2021 Revenue Total Revenue Broad - Based Organic Growth Constant currency growth of 4% and o
Slide 6: Organic Growth Across All Segments
willistowerswatson.com Organic Revenue Growth % Organic Growth Across All Segments Our unwavering commitment to our clients and colleagues is key to our growth © 2021 Willis Towers Watson. All rights reserved. 5 HCB had solid organic revenue growth. Talent and Rewards revenue grew due to an increase
Slide 7: Summary of Segment Financial Results
willistowerswatson.com Summary of Segment Financial Results Q2 2021 segment results compared to Q2 2020 © 2021 Willis Towers Watson. All rights reserved. 6 1 The Operating Margin percentage is rounded . As reported, $USD million, except % Q2 2020 Q2 2021 Revenue Operating Margin % 1 Revenue Operatin
Slide 8: Maintaining A Flexible Balance Sheet Position
willistowerswatson.com Maintaining A Flexible Balance Sheet Position Reinforcing our business fundamentals; safeguarding WTW’s financial strength 7 © 2021 Willis Towers Watson. All rights reserved. A disciplined capital management strategy intended to provide Willis Towers Watson with the financial
Slide 9: A Capital Strategy Fit For The Short & Long-Term
willistowerswatson.com A Capital Strategy Fit For The Short & Long - Term 8 © 2021 Willis Towers Watson. All rights reserved. CASH RETURNED TO SHAREHOLDERS $ 3.6 B FY2016 to Q2 FY2021 $ 306 2017 $ 396 $ 199 2016 $ 602 $ 709 $ 908 $ 277 2018 $ 150 $ 329 2019 $ 346 2020 $ 269 2021 $ 595 $ 986 $ 346 $
Slide 10: Appendix: Reconciliation of Non-GAAP Measures
willistowerswatson.com willistowerswatson.com Appendix: Reconciliation of Non - GAAP Measures 9 © 2021 Willis Towers Watson. All rights reserved.
Slide 11: Appendix 1: Constant currency and organic revenue change
willistowerswatson.com Appendix 1: Constant currency and organic revenue change As reported, USD millions, except % 10 © 2021 Willis Towers Watson. All rights reserved. ( i ) Components of revenue change may not add due to rounding Components of Revenue Change ( i ) Three Months Ended June 30, As Re
Slide 12: Appendix 2: Adjusted operating income, adjusted EBITDA, free cash flow
willistowerswatson.com Appendix 2: Adjusted operating income and margin, adjusted EBITDA and margin, free cash flow As reported, USD millions, except % 11 © 2021 Willis Towers Watson. All rights reserved. Three Months Ended June 30, 2021 2020 Income from operations $ 260 11.4 % $ 163 7.7 % Adjusted
Slide 13: Appendix 3: Adjusted net income and adjusted diluted EPS
willistowerswatson.com Appendix 3: Adjusted net income and adjusted diluted earnings per share As reported, USD millions, except % and EPS 12 © 2021 Willis Towers Watson. All rights reserved. ( i ) The tax effect was calculated using an effective tax rate for each item. (ii) Per share values and tot
Slide 14: Appendix 4: Adjusted income before taxes and adjusted income tax rate
willistowerswatson.com Appendix 4: Adjusted income before taxes and adjusted income tax rate As reported, USD millions, except % and EPS 13 © 2021 Willis Towers Watson. All rights reserved. ( i ) The tax effect was calculated using an effective tax rate for each item. Three Months Ended June 30, 202
Slide 15: About Willis Towers Watson
willistowerswatson.com About Willis Towers Watson Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has more than 46,000 employees and s