Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q4 2020 Earnings Presentation
15 slides from Willis Towers Watson Public's earnings presentation, Feb 9, 2021
Slide 1: Earnings Release Supplemental Materials: 2020 Fourth Quarter and Full Year Financial Results
willistowerswatson.com willistowerswatson.com Willis Towers Watson Earnings Release Supplemental Materials 2020 Fourth Quarter and Full Year Financial Results February 9, 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: Q4 2020 & Full Year 2020 GAAP Financial Results Key Figures
willistowerswatson.com Q4 2020 & Full Year 2020 GAAP Financial Results Key Figures © 2021 Willis Towers Watson. All rights reserved. 3 $USD million, except EPS and % Three months ended December 31, Years ended December 31, 2019 2020 2019 2020 Revenue as reported % change $2,690 $2,764 +3% $9,039 $9,
Slide 5: Q4 2020 & Full Year 2020 Results, Including Non-GAAP Measures
willistowerswatson.com Q4 2020 & Full Year 2020 Results, Including Non - GAAP Measures Willis Towers Watson reports solid full year and fourth quarter 2020 earnings © 2021 Willis Towers Watson. All rights reserved. $ 9.4 B FY2020 Full Year Revenue Total Revenue Resilient Recurring Revenue Base Deliv
Slide 6: Resilient Business Portfolio At A Time Of Economic Uncertainty
willistowerswatson.com Organic Revenue Growth % Resilient Business Portfolio At A Time Of Economic Uncertainty Our commitment to our clients and breadth of services are key to our business resilience © 2021 Willis Towers Watson. All rights reserved. 5 HCB saw modest contraction in Q4, with a decline
Slide 7: Summary of Segment Financial Results
willistowerswatson.com Summary of Segment Financial Results Q4 2020 and full year 2020 segment results compared to full year 2019 © 2021 Willis Towers Watson. All rights reserved. 6 1 The Operating Margin percentage is rounded.. As reported, $USD million, except % Q4 2020 FY2020 Revenue Operating Ma
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 $ 3.3 B FY2016 to FY2020 $ 306 $ 709 $ 199 $ 277 $ 396 2016 2018 2017 $ 329 $ 602 $ 479 $ 346 $ 150 2019 2020 $ 595 $ 986 $ 908 $ 346 MEANINGFUL
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 December 31, A
Slide 12: Appendix 2: Adjusted operating income and margin, adjusted EBITDA and margin
willistowerswatson.com Appendix 2: Adjusted operating income and margin, adjusted EBITDA and margin As reported, USD millions, except % 11 © 2021 Willis Towers Watson. All rights reserved. Three Months Ended December 31, 2020 2019 Income from operations $ 587 21.2 % $ 687 25.5 % Adjusted for certain
Slide 13: Appendix 3: Adjusted net income and adjusted diluted earnings per share
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. Three Months Ended December 31, 2020 2019 Net Income attributable to Willis Towers Watson $ 476 $ 544 Adjust
Slide 14: Appendix 4: Adjusted income before taxes and adjusted income tax rate, free cash flow
willistowerswatson.com Appendix 4: Adjusted income before taxes and adjusted income tax rate, free cash flow As reported, USD millions, except % 13 © 2021 Willis Towers Watson. All rights reserved. Three Months Ended December 31, 2020 2019 Income from operations before income taxes $ 602 $ 675 Adjus
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