Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q3 2021 Earnings Presentation

21 slides from Factset Research Systems's earnings presentation, Jun 29, 2021

  1. Slide 1: FactSet Earnings Call Third Quarter Fiscal 2021

    FactSet Earnings Call June 29, 2021 Third Quarter Fiscal 2021 Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

  2. Slide 2: Forward-Looking Statements and Non-GAAP Measures

    Forward-Looking Statements and Non-GAAP Measures This presentation may contain forward looking statements reflecting management’s current expectations based on currently available information. Actual results may differ materially from what is expressed or forecast in such forward-looking statements.

  3. Slide 3: Agenda

    Agenda 01 Welcome / Introductions 02 Business Update 03 Financial Overview 04 Questions and Answers 05 Appendix Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 3

  4. Slide 4: Business Update

    Business Update Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

  5. Slide 5: Key Metrics - Third Quarter 2021

    Key Metrics - Third Quarter 2021 5.8% 31.6% $2.72 1 2 2 ORGANIC ASV + ADJUSTED ADJUSTED PROFESSIONAL + OPERATING + DILUTED SERVICES MARGIN EPS Driven by improved 390 basis points 5% decline YoY from sales of research and lower YoY due to higher higher operating analytics solutions operating expenses

  6. Slide 6: Investment Plan is Yielding Results

    Investment Plan is Yielding Results DIGITAL CONTENT TRANSFORMATION CLIENT EXPERIENCE Building the leading open content and analytics platform Deep Sector Open Platform Trusted Enterprise Partner Private Markets API Program Personalization Wealth Public Cloud Omni-Channel ESG Copyright © 2021 FactSet

  7. Slide 7: Organic ASV + Professional Services Growth Rates – By Global Segments

    Organic ASV + Professional Services Growth Rates* – By Global Segments $1.6B Organic ASV + Professional Services + 5.8% $436M $164M EMEA ASIAPAC $24M +5% +9% Pro Svcs -2% $988M AMERICAS +6% * Organic ASV plus professional services growth rate is based on last twelve months as of May 31, 2021 Copyrig

  8. Slide 8: 25 Years of Strong Returns

    25 Years of Strong Returns FactSet 25 Year Total Return % Vs S&P 500 and S&P 400 FactSet Cumulative Total Return: 9215.59% S&P Mid Cap 400 Cumulative Total Return: 1534.44% S&P 500 Cumulative Total Return: 902.14% FactSet Research Systems Inc. - Total Return S&P Mid Cap 400 - Total Return S&P 500 -

  9. Slide 9: Financial Overview

    Financial Overview Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

  10. Slide 10: Third Quarter 2021 Financial Results

    Third Quarter 2021 Financial Results* (in thousands, except per share data) 6.8% 5.9% 3.2% 5.2% 300bps 390bps GAAP Organic GAAP Operating Adjusted GAAP Adjusted Revenues Revenues Income Operating Operating Operating 05/31/21 $399,558 05/31/21 $397,443 05/31/21 $117,702 Income Margin Margin 05/31/20

  11. Slide 11: Key Operational Metrics

    Key Operational Metrics >95% ASV RETENTION 155,004 USER COUNT ASV retained from clients over the last twelve Number of individuals accessing FactSet’s months. solutions. No change versus 2020 | Q3 11% change since 2020 | Q3 91% CLIENT RETENTION 6,172 CLIENT COUNT Percentage of clients retained over

  12. Slide 12: Returning Capital to Shareholders

    Returning Capital to Shareholders (in millions except share price) $330.49 $157.16 $197.06 $270.10 $241.08 $162.62 $304 $261 $220 $201 $201 $357 $100 $110 $116 $74 $81 $89 '16 '17 '18 '19 '20 Q3 '21 LTM Cash Dividends Share Repurchases * Avg. Share Price * Includes shares repurchased from employee s

  13. Slide 13: Business Outlook – Fiscal 2021

    Business Outlook – Fiscal 20211 Fiscal 2021 Outlook Revised Organic ASV + Professional Services The Business Outlook - Fiscal 2021 shown $85 - $95 million Growth2 here is a forward-looking statement. Given the risk factors, uncertainties and assumptions, GAAP Revenues $1,570 - $1,585 million particu

  14. Slide 14: Questions & Answers

    Questions & Answers Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

  15. Slide 15: Appendix

    Appendix Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

  16. Slide 16: Non-GAAP Reconciliations: Organic Revenues

    Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED MAY 31 (Unaudited) 2021 2020 % Change GAAP Revenues $ 399,558 $ 374,083 6.8% Deferred revenue fair value adjustment 181 1,169 Adjusted revenues 399,739 375,252 6.5% Acquired revenues (1,030) – Currency impact (1,266)

  17. Slide 17: Non-GAAP Reconciliations: Adjusted Operating Income, Margin, Net Income

    Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income (in thousands, except per share data) FOR THE THREE MONTHS ENDED MAY 31 (Unaudited) 2021 2020 % Change GAAP Operating Income $ 117,702 $ 121,640 (3.2)% Intangible asset amortization 5,741 5,107 Deferred revenue fair value adjustm

  18. Slide 18: Non-GAAP Reconciliations: Adjusted Diluted EPS

    Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) FOR THE THREE MONTHS ENDED MAY 31 (Unaudited) 2021 2020 % Change GAAP Diluted Earnings per Common Share $ 2.62 $ 2.63 (0.4)% Intangible asset amortization 0.12 0.11 Deferred revenue fair value adjustment 0.00 0.03 Tr

  19. Slide 19: Non-GAAP Reconciliations: Free Cash Flow

    Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED MAY 31 (Unaudited) 2021 2020 % Change Net Cash Provided by Operating Activities $ 140,313 $ 150,953 Capital Expenditures $ (18,656) (11,010) Free Cash Flow $ 121,657 $ 139,943 (13.1)% Copyright © 2021 FactSet Research

  20. Slide 20: Non-GAAP Reconciliations: Business Outlook

    Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) FISCAL 2021 (FULL YEAR) Low End of Range High End of Range GAAP Revenue $1,585 $1,570 GAAP operating income $ 468 $479 GAAP operating margin 29.5% 30.5% Intangible asset amorti

  21. Slide 21: Thank you.

    Thank you. Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

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