Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q2 2020 Earnings Presentation
16 slides from Willis Towers Watson Public's earnings presentation, Jul 30, 2020
Slide 1: Earnings Release Supplemental Materials: 2020 Second Quarter Financial Results
willistowerswatson.com willistowerswatson.com Willis Towers Watson Earnings Release Supplemental Materials 2020 Second Quarter Financial Results July 30, 2020 © 2020 Willis Towers Watson. All rights reserved.
Slide 2: Forward Looking Statements
willistowerswatson.com Willis Towers Watson Forward Looking Statements © 2020 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 © 2020 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: Q2 2020 GAAP Financial Results Key Figures
willistowerswatson.com Q2 2020 GAAP Financial Results Key Figures © 2020 Willis Towers Watson. All rights reserved. 3 $USD million, except EPS and % Three months ended June 30, Six months ended June 30, 2019 2020 2019 2020 Revenue as reported % change $2,048 $2,113 +3% $4,360 $4,579 +5% Income from
Slide 5: Q2 2020 Key Figures, Includes Non-GAAP Financial Results
willistowerswatson.com Q2 2020 Key Figures, Includes Non - GAAP Financial Results Willis Towers Watson reports second quarter 2020 earnings © 2020 Willis Towers Watson. All rights reserved. $ 2.1 B Q2 2020 Revenue Total Revenue Resilient Recurring Revenue Base Constant currency growth of 5% and flat
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 colleagues is key to our business resilience © 2020 Willis Towers Watson. All rights reserved. 5 HCB had organic revenue decline with the impact of COVID -
Slide 7: Summary of Segment Financial Results
willistowerswatson.com Summary of Segment Financial Results Q2 2020 segment results compared to Q2 2019 © 2020 Willis Towers Watson. All rights reserved. 6 1 The Operating Margin percentage is rounded. 2 Revenue includes TRANZACT revenue for Q2 2020 after July 30, 2019 closing. As reported, $USD mil
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 © 2020 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 © 2020 Willis Towers Watson. All rights reserved. CASH RETURNED TO SHAREHOLDERS $ 3.1 B FY2016 to Q2 FY2020 $ 306 $ 396 $ 199 $ 602 2020 YTD 2016 $ 709 $ 277 2017 2018 $ 150 $ 329 2019 $ 171 $ 595 $ 986 $ 908 $ 479 In progre
Slide 10: Client Winning Solutions Safeguard Our Business
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 9 Client Winning Solutions Safeguard Our Business Our primary focus during this crisis has been and continues to be 1 Client Winning Solutions Willis Towers Watson is rising to meet our clients’ evolving needs during this extra
Slide 11: Economic Outlook Remains Challenging & Unpredictable
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 10 Economic Outlook Remains Challenging & Unpredictable Proactively reinforcing financial management discipline Comprehensive Contingency Planning The pandemic has slowed growth in the short - term, especially for services that
Slide 12: Appendix: Reconciliation of Non-GAAP Measures
willistowerswatson.com willistowerswatson.com Appendix: Reconciliation of Non - GAAP Measures 11 © 2020 Willis Towers Watson. All rights reserved.
Slide 13: Appendix 1: Constant currency and organic revenue change
willistowerswatson.com Appendix 1: Constant currency and organic revenue change As reported, USD millions, except % 12 © 2020 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 June 30, As Re
Slide 14: Appendix 2: Adjusted operating income, adjusted EBITDA, free cash flow
willistowerswatson.com Appendix 2: Adjusted operating income and margin, adjusted EBITDA and margin, free cash flow As reported, USD millions, except % 13 © 2020 Willis Towers Watson. All rights reserved. Three Months Ended June 30, 2020 2019 Income from operations $ 163 7.7 % $ 176 8.6 % Adjusted f
Slide 15: Appendix 3: Adjusted net income, adjusted diluted EPS, adjusted income taxes
willistowerswatson.com Appendix 3: Adjusted net income, adjusted diluted earnings per share, adjusted income before taxes, adjusted income tax rate As reported, USD millions, except % and EPS 14 © 2020 Willis Towers Watson. All rights reserved. ( i ) The tax effect was calculated using an effective
Slide 16: 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 45,000 employees and s