John Wiley & Sons, Inc. · NYSE:WLY
John Wiley & Sons — Q1 2015 Earnings Presentation
10 slides from John Wiley & Sons's earnings presentation, Sep 9, 2014
Slide 1: First Quarter Fiscal 2015 Earnings Update
First Quarter Fiscal 2015 Earnings Update September 9, 2014
Slide 2: About Wiley / Safe Harbor Statement
About Wiley Wiley is a global provider of knowledge and knowledge-enabled services that improve outcomes in areas of research, professional practice and education. Through its Research segment, the Company provides digital and print scientific, technical, medical, and scholarly journals, reference w
Slide 3: Overall Performance
Overall Performance • Revenue of $437.9 million (+4% growth at constant currency) – Double-digit growth across most of the Education portfolio – Contributions from newly-acquired Talent Solutions businesses* – Low single-digit growth for journals, driven by subscriptions and funded access • Adjusted
Slide 4: Research
Research Change (millions) Q1 2015 Q1 2014 % of Revenue (excluding FX) Journal Subscriptions $168.8 $160.2 66% 1% Funded Access $5.4 $3.3 2% 54% Other Journal Revenue $26.5 $25.6 10% (1%) Total Research Communication $200.7 $189.1 79% 2% Print Books $26.1 $27.4 10% (8%) Digital Books $9.3 $9.6 4% (7
Slide 5: Professional Development
Professional Development Change (millions) Q1 2015 Q1 2014 % of Revenue (excluding FX) Print Books $55.9 $56.3 61% (2%) Digital Books $10.5 $11.7 11% (11%) Online Test Preparation and Certification $2.9 $2.8 3% 4% Other Knowledge Services $5.8 $6.7 6% (14%) Total Knowledge Services $75.2 $77.5 81% (
Slide 6: Education
Education Change (millions) Q1 2015 Q1 2014 % of Revenue (excluding FX) Print Books $44.5 $41.4 49% 8% Digital Books $5.7 $4.2 6% 36% Total Books $50.2 $45.6 55% 10% Custom Products $19.6 $16.3 22% 20% Course Workflow Solutions (WileyPLUS) $1.3 $1.1 1% 20% Education Services (Deltak) $16.2 $14.7 18%
Slide 7: Adjusted Shared Services Costs
Adjusted Shared Services Costs (millions spent) Q1 2015 Q1 2014 Change (excluding FX) Distribution and Operation Services $23.7 $25.2 (9%) Technology and Content Management $62.4 $59.9 2% Finance $13.7 $12.8 5% Other Administration $25.2 $24.7 0% Total $125.0 $122.6 0% • Certain business functions c
Slide 8: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Balance Sheet (millions) As of 7/30/14 As of 7/30/13 • Higher cash use principally due to higher incentive Cash and Cash Equivalents $255.9 $189.8 compensation payments and Long Term Debt $788.0 $660.0 severance payments under restructuring, combined with Net Debt $532.1
Slide 9: Summary and Looking Ahead: Reaffirming FY15 Outlook
Summary and Looking Ahead • Revenue growth of 4% at constant currency – Double-digit growth across most of the Education portfolio – Contributions from newly-acquired Talent Solutions businesses – Low single-digit growth for journals, driven by subscriptions and funded access • Operating income and
Slide 10: First Quarter Fiscal 2015 Earnings Update
First Quarter Fiscal 2015 Earnings Update September 9, 2014