Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q1 2020 Earnings Presentation

19 slides from Factset Research Systems's earnings presentation, Dec 19, 2019

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 forecasted in such forward-looking statement
Slide 5: Progress in Areas of Accelerated Investment
Progress in Areas of Accelerated Investment Deep Sector – new bank data, sector specialists hired, 2nd sector to be released fiscal Q2 CONTENT Wealth – StreetAccount coverage expansion Private markets – Two key datasets integrated Complete suite of APIs – New API’s TECHNOLOGY Smarter, personalized c
Slide 6: Organic ASV + Professional Services – First Quarter 2020
Organic ASV + Professional Services – First Quarter 2020 By Region $24M PROF SVCS $145M Growth rate: 9% APAC Growth rate: 10% O R G A N I C G R O W T H R AT E 4 . 1 % $402M EMEA Growth rate: 3% = $1.48B $908M T O T A L A S V + P R O F S V C S AMERICAS Growth rate: 4% * LTM Organic ASV Growth Rate is
Slide 7: Key Metrics - First Quarter 2020
Key Metrics1 - First Quarter 2020 ORGANIC ASV2 + ADJUSTED PROFESSIONAL OPERATING ADJUSTED SERVICES MARGIN DILUTED EPS + + 4.1% 33.9% $2.58 Driven by higher sales from 240 basis points higher 9.8% growth YoY from Wealth, Analytics, CTS; offset than Q1 2019 stronger operating results by Research 1 Ple
Slide 9: First Quarter 2020 Financial Results
First Quarter 2020 Financial Results* (in thousands, except per share data) For the Three Months Ended Nov 30 2019 2019 2018 % Change GAAP Revenues $366,658 $ 351,640 4.3% Organic Revenues $367,901 $ 352,990 4.2% Operating Income $113,186 $ 100,539 12.6% Adjusted Operating Income $124,722 $ 111,266
Slide 10: Key Operational Metrics
Key Operational Metrics >95% 126,785 ASV RETENTION USER COUNT ASV retained from clients Number of individuals over the last twelve months. accessing FactSet’s workstations. No change versus 2019 | Q1 10% change since 2019 | Q1 89% 5,601 CLIENT RETENTION CLIENT COUNT Percentage of clients retained Co
Slide 11: Returning Capital to Shareholders
Returning Capital to Shareholders (in millions) $500 $400 $300 $357 $304 $200 $261 $220 $256 $100 $86 $81 $89 $100 $67 $74 $27 $- '15 '16 '17 '18 '19 Q1'20 Cash Dividends Share Repurchases * * Includes shares repurchased from employee stock options Copyright © 2019 FactSet Research Systems Inc. All
Slide 14: Business Outlook – Fiscal 2020
Business Outlook – Fiscal 20201 Guidance Organic ASV + Professional Services Growth2 $65 - $85 million GAAP Revenues $1.49 - $1.50 billion GAAP Operating Margin 28.5% - 29.5% Adjusted Operating Margin3 31.5% - 32.5% Effective Tax Rate 17.0% - 17.5% GAAP Diluted EPS $8.70 - $9.00 Adjusted Diluted EPS
Slide 15: Non-GAAP Reconciliations: Business Outlook
Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in thousands, except per share data) FISCAL 2020 (FULL YEAR) Low End of Range High End of Range GAAP operating margin 28.5% 29.5% Intangible asset amortization 1.6% 1.6% Deferred revenue fair value adjustment 0.3
Slide 16: Non-GAAP Reconciliations: Organic Revenues
Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED NOVEMBER 30, (Unaudited) 2019 2018 % Change GAAP Revenues $366,658 $351,640 4.3% Deferred revenue fair value adjustment 1,216 1,350 Currency impact 27 – Organic Revenues $367,901 $352,990 4.2% Copyright © 2019 FactSe
Slide 17: Non-GAAP Reconciliations: Adjusted Operating Income, Net Income and EPS
Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income and Diluted EPS (in thousands, except per share data) FOR THE THREE MONTHS ENDED NOVEMBER 30, (Unaudited) 2019 2018 % Change GAAP Operating Income $113,186 $ 100,539 12.6% Intangible asset amortization 5,152 5,893 Deferred revenu
Slide 18: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED NOVEMBER 30, (Unaudited) 2019 2018 % Change Net Cash Provided by Operating Activities $ 95,791 $ 46,320 Capital Expenditures (26,780) (9,526) Free Cash Flow $ 69,011 $ 36,794 87.6% Copyright © 2019 FactSet Research Sys

FactSet Research Systems — Q1 2020 Earnings Presentation on 6ix

Factset Research Systems — Q1 2020 Earnings Presentation

Slide 1: FactSet Earnings Call First Quarter Fiscal 2020

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

Slide 3: Agenda

Slide 4: Business Update

Slide 5: Progress in Areas of Accelerated Investment

Slide 6: Organic ASV + Professional Services – First Quarter 2020

Slide 7: Key Metrics - First Quarter 2020

Slide 8: Financial Overview

Slide 9: First Quarter 2020 Financial Results

Slide 10: Key Operational Metrics

Slide 11: Returning Capital to Shareholders

Slide 12: Questions & Answers

Slide 13: Appendix

Slide 14: Business Outlook – Fiscal 2020

Slide 15: Non-GAAP Reconciliations: Business Outlook

Slide 16: Non-GAAP Reconciliations: Organic Revenues

Slide 17: Non-GAAP Reconciliations: Adjusted Operating Income, Net Income and EPS

Slide 18: Non-GAAP Reconciliations: Free Cash Flow

Slide 19: Thank you.