Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q4 2021 Earnings Presentation

22 slides from Factset Research Systems's earnings presentation, Sep 28, 2021

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.
Slide 5: 2021 Accomplishments
2021 Accomplishments 1 41 years of 25 years of 25 Q4 years of being highest reported 14% 22 Year over years of years of consecutive consecutive consecutive a publicly quarterly ASV in year consecutive listing on the HRC revenue adjusted diluted listed the history of the workstation dividend corporat
Slide 6: Key Metrics - Fourth Quarter 2021
Key Metrics1 - Fourth Quarter 2021 7.2% 31.6% $2.88 ORGANIC ASV2 + ADJUSTED ADJUSTED PROFESSIONAL + OPERATING + DILUTED SERVICES MARGIN EPS Driven by higher sales 150 basis points Flat YoY due to higher from Research and lower YoY due to higher revenue offset by CTS compensation higher expenses and
Slide 7: ASV + Professional Services Growth Rates by Global Segments & Businesses
ASV + Professional Services Growth Rates* – By Global Segments & Businesses $1.68B Organic ASV + Professional Services + 7% $451M $175M EMEA ASIAPAC $596M +6% +12% $683M ANALYTICS $24M Pro Svcs RESEARCH +6% -3% $1,029M +6% AMERICAS $218M $181M CTS WEALTH +7% +16% +6% * LTM Organic ASV Growth Rate is
Slide 9: Fiscal 2021 Results versus Guidance
Fiscal 2021 Results versus Guidance FY 2021 Guidance1 FY 2021 Results Organic ASV Growth Rate $85m - $95m $112.1m + GAAP Revenues $1.570b - $1.585b $1.591b + GAAP Operating Margin 29.5% - 30.5% 29.8% = Adjusted Operating Margin2 32.0% - 33.0% 32.5% = Annual Effective Tax Rate3 15.0% - 16.5% 14.5% +
Slide 10: Fourth Quarter 2021 Financial Results
Fourth Quarter 2021 Financial Results* (in thousands, except per share data) 7.4% 6.7% 20.9% 2.4% 320bps 150bps GAAP Organic GAAP Adjusted GAAP Adjusted Revenues Revenues Operating Operating Operating Operating 8/31/21 $411,894 8/31/21 $410,133 Income Income1 Margin Margin1 8/31/20 $383,590 8/31/20
Slide 11: Key Operational Metrics
Key Operational Metrics >95% 160,932 ASV RETENTION USER COUNT ASV retained from clients over the last twelve Number of individuals accessing FactSet’s months solutions No change versus 2020 | Q4 14% change since 2020 | Q4 91% 6,453 CLIENT RETENTION CLIENT COUNT Percentage of clients retained over th
Slide 12: Returning Capital to Shareholders
Returning Capital to Shareholders (in millions except share price) $241.08 $330.26 $162.62 $270.10 $197.06 $304 $265 $220 $201 $261 $81 $89 $100 $110 $118 '17 '18 '19 '20 '21 Cash Dividends Share Repurchases * Avg. Share Price Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 12
Slide 13: Business Outlook – Fiscal 2022
Business Outlook – Fiscal 20221 Fiscal 2022 Outlook Organic ASV + Professional Services $105 - $135 million Growth2 GAAP Revenues $1,705 - $1,720 million GAAP Operating Margin 31% - 32% Adjusted Operating Margin3 32.5% - 33.5% Effective Tax Rate 14.5% - 15.5% GAAP Diluted EPS $11.60 - $11.90 Adjuste
Slide 16: FY 2021 ASV + Professional Services Growth Rates – New Methodology
FY 2021 ASV + Professional Services Growth Rates* –New Methodology $596M $1.68B Organic ASV + Professional Services $804M ANALYTICS +6% + 7% RESEARCH Beginning with FY 2022, FactSet is changing its +7% workflow solutions into 3 businesses as shown here. $278M • The desktop portion of the Wealth busi
Slide 17: Non-GAAP Reconciliations: Organic Revenues
Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED AUGUST 31 FOR THE YEAR ENDED AUGUST 31 (Unaudited) 2021 2020 % Change 2021 2020 % Change GAAP Revenues $ 411,894 $ 383,590 7.4% $ 1,591,445 $ 1,494,111 6.5% Deferred revenue fair 117 619 539 4,192 value adjustment Ad
Slide 18: 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 AUGUST 31 FOR THE YEAR ENDED AUGUST 31 (Unaudited) 2021 2020 % Change 2021 2020 % Change GAAP Operating Income $ 119,176 $ 98,577 20.9% $ 474,041 $ 439,660 7.8% Def
Slide 19: Non-GAAP Reconciliations: Adjusted Diluted EPS
Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) FOR THE THREE MONTHS ENDED AUGUST 31 FOR THE YEAR ENDED AUGUST 31 (Unaudited) 2021 2020 % Change 2021 2020 % Change GAAP Diluted Earnings per Common Share $ 2.63 $ 2.29 14.8% $ 10.36 $ 9.65 7.4% Deferred revenue fair
Slide 20: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED AUGUST 31 FOR THE YEAR ENDED AUGUST 31 (Unaudited) 2021 2020 % Change 2021 2020 % Change Net Cash Provided by Operating Activities $ 184,978 $ 159,427 $ 555,226 $ 505,840 Capital Expenditures $ (13,821) (14,732) (61,32
Slide 21: Non-GAAP Reconciliations: Business Outlook
Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) FISCAL 2022 (FULL YEAR) Low End of Range High End of Range GAAP Revenue $1,705 $1,720 GAAP operating income $ 528 $550 GAAP operating margin 31.0% 32.0% Intangible asset amorti

FactSet Research Systems — Q4 2021 Earnings Presentation on 6ix

Factset Research Systems — Q4 2021 Earnings Presentation

Slide 1: FactSet Earnings Call Fourth Quarter Fiscal 2021

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

Slide 3: Agenda

Slide 4: Business Update

Slide 5: 2021 Accomplishments

Slide 6: Key Metrics - Fourth Quarter 2021

Slide 7: ASV + Professional Services Growth Rates by Global Segments & Businesses

Slide 8: Financial Overview

Slide 9: Fiscal 2021 Results versus Guidance

Slide 10: Fourth Quarter 2021 Financial Results

Slide 11: Key Operational Metrics

Slide 12: Returning Capital to Shareholders

Slide 13: Business Outlook – Fiscal 2022

Slide 14: Questions & Answers

Slide 15: Appendix

Slide 16: FY 2021 ASV + Professional Services Growth Rates – New Methodology

Slide 17: Non-GAAP Reconciliations: Organic Revenues

Slide 18: Non-GAAP Reconciliations: Adjusted Operating Income, Margin, Net Income

Slide 19: Non-GAAP Reconciliations: Adjusted Diluted EPS

Slide 20: Non-GAAP Reconciliations: Free Cash Flow

Slide 21: Non-GAAP Reconciliations: Business Outlook

Slide 22: Thank you.