Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q1 2021 Earnings Presentation
14 slides from Willis Towers Watson Public's earnings presentation, Apr 29, 2021
Slide 1: 2021 First Quarter Financial Results
willistowerswatson.com willistowerswatson.com Willis Towers Watson Earnings Release Supplemental Materials 2021 First Quarter Financial Results April 29, 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: Q1 2021 GAAP Financial Results Key Figures
willistowerswatson.com Q1 2021 GAAP Financial Results Key Figures © 2021 Willis Towers Watson. All rights reserved. 3 $USD million, except EPS and % Three months ended March 31, 2020 2021 Revenue as reported % change $2,466 $2,590 +5% Income from Operations as reported % change $360 $452 +26% Operat
Slide 5: Q1 2021 Key Figures, Includes Non-GAAP Financial Results
willistowerswatson.com Q1 2021 Key Figures, Includes Non - GAAP Financial Results Willis Towers Watson reports strong first quarter 2021 earnings © 2021 Willis Towers Watson. All rights reserved. $ 2.6 B Q1 2021 Revenue Total Revenue + 4 % Q1 2021 Organic % Broad - Based Organic Growth Delivered 4%
Slide 6: Continued Overall Organic Growth in Challenging Environment
willistowerswatson.com Organic Revenue Growth % Continued Overall Organic Growth in Challenging Environment Our commitment to our clients and colleagues is key to our business resilience © 2021 Willis Towers Watson. All rights reserved. 5 HCB organic revenue growth was flat for the quarter. Retireme
Slide 7: Summary of Segment Financial Results
willistowerswatson.com Summary of Segment Financial Results Q1 2021 segment results compared to Q1 2020 © 2021 Willis Towers Watson. All rights reserved. 6 1 The Operating Margin percentage is rounded . As reported, $USD million, except % Q1 2020 Q1 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 $ 3.4 B FY2016 to Q1 FY2021 2016 $ 602 $ 479 $ 396 $ 199 $ 709 $ 306 $ 277 2017 $ 150 2018 $ 329 2019 $ 346 2020 $ 595 $ 986 $ 908 $ 346 $ 92 20
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 March 31, As R
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 March 31, 2021 2020 Income from operations $ 452 17.5 % $ 360 14.6 % Adjuste
Slide 13: Appendix 3: Adjusted net income, adjusted diluted EPS, adjusted income before taxes
willistowerswatson.com Appendix 3: Adjusted net income, adjusted diluted earnings per share, adjusted income before taxes, adjusted income tax rate As reported, USD millions, except % and EPS 12 © 2021 Willis Towers Watson. All rights reserved. ( i ) The tax effect was calculated using an effective
Slide 14: 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