Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q1 2019 Earnings Presentation
12 slides from Willis Towers Watson Public's earnings presentation, May 1, 2019
Slide 1: 2019 First Quarter Financial Results Supplemental Materials
willistowerswatson.com Willis Towers Watson 2019 First Quarter Financial Results Supplemental Materials May 1, 2019 © 2019 Willis Towers Watson. All rights reserved.
Slide 2: Forward Looking Statements
willistowerswatson.com Willis Towers Watson Forward Looking Statements © 2019 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 © 2019 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: Non-GAAP Measures (continued)
willistowerswatson.com Willis Towers Watson Non - GAAP Measures (continued) © 2019 Willis Towers Watson. All rights reserved. ▪ Adjusted Operating Income – Income from Operations adjusted for amortization, transaction and integration expenses, and non - recu rring items that, in management’s judgmen
Slide 5: Q1 2019 GAAP Financial Results, Key Figures
willistowerswatson.com Q1 2019 GAAP Financial Results, Key Figures © 2019 Willis Towers Watson. All rights reserved. $USD million, except EPS and % Q1 2018 Q1 2019 Revenue as reported % change $2,292 $2,312 +1% Income from Operations as reported % change $259 $359 +39% Operating Margin % as reported
Slide 6: A Strong Start in Q1 2019 for Willis Towers Watson
willistowerswatson.com A Strong Start in Q1 2019 for Willis Towers Watson Q1 2019 key figures, includes Non - GAAP financial results © 2019 Willis Towers Watson. All rights reserved. $ 2.3 B Q1 2019 Revenue Total Revenue + 5 % Q1 2019 Organic % Broad - Based Organic Growth Strong momentum entering 2
Slide 7: Organic Revenue Growth %: Continued Growth Momentum
willistowerswatson.com Organic Revenue Growth %* Continued Growth Momentum Despite Strong Prior Year Comparable Broad - based organic revenue growth across all Segments © 2019 Willis Towers Watson. All rights reserved. 6 Q1 2018 Q1 2019 Human Capital & Benefits 4% 3% Corporate Risk & Broking 6% 4% I
Slide 8: Summary of Segment Financial Results Q1 2019
willistowerswatson.com Summary of Segment Financial Results Q1 2019 Segment results compared to Q1 2018 © 2019 Willis Towers Watson. All rights reserved. As reported, $USD million, except % Q1 2018 Q1 2019 Revenue Operating Margin % Revenue Operating Margin % Margin Year - over - year Human Capital
Slide 9: Maintaining a Strong and Flexible Balance Sheet Position
willistowerswatson.com Maintaining a Strong and Flexible Balance Sheet Position Significant financial flexibility to drive long - term shareholder value 8 © 2019 Willis Towers Watson. All rights reserved. $USD million Mar 31, 2018 Dec 31, 2018 Mar 31, 2019 Cash and Cash Equivalents 954 1,033 992 Tot
Slide 10: A Capital Strategy Fit For Creating Long-Term Shareholder Value
willistowerswatson.com A Capital Strategy Fit For Creating Long - Term Shareholder Value 9 © 2019 Willis Towers Watson. All rights reserved. CASH RETURNED TO SHAREHOLDERS $ 2.6 B FY2016 to Q1 FY2019 2016 $ 277 $ 709 $ 396 $ 199 2017 $ 602 $ 306 2018 2019 Q1 $ 595 $ 986 $ 908 In progress $ 77 SUSTAIN
Slide 11: Q1 2019 Management Guidance Update
willistowerswatson.com © 2019 Willis Towers Watson. All rights reserved. around 4 % organic revenue growth FY2019 Revenue Growth around 20 % Adj. operating margin FY2019 Adjusted Operating Margin $ 10.60 to $ 10.85 Adj. diluted EPS FY2019 Adjusted Diluted EPS around 22 % Adj. tax rate Excluding disc
Slide 12: About Willis Towers Watson
willistowerswatson.com © 2019 Willis Towers Watson. All rights reserved. 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