Slide 1: Management Presentation: Third Quarter 2021 Results
Management Presentation Stagwell Inc. Third Quarter 2021 Results November 3, 2021
Slide 2: Forward Looking Statements & Other Information
FORWARD LOOKING STATEMENTS & OTHER INFORMATION This presentation contains forward-looking statements. Statements in this presentation that are not historical facts, including without limitation the information under the heading "Financial Outlook" and statements about the Company’s beliefs and expec
Slide 3: Forward Looking Statements & Other Information (Cont.)
FORWARD LOOKING STATEMENTS & OTHER INFORMATION (Cont.) • financial failure of the Company’s clients; • the Company’s ability to retain and attract key employees; • the Company’s ability to achieve the full amount of its stated cost saving initiatives; • the Company’s implementation of strategic init
Slide 4: Summary Reported Results
SUMMARY REPORTED RESULTS • GAAP revenue of $466.6 million in the third quarter versus $228.1 million in the prior year period, an increase of 104.6%; and $857.4 million in the nine months ended September 30, 2021 versus $575.0 million in the prior year period, an increase of 49.1%. • Net revenue of
Slide 5: Summary Pro Forma Results
SUMMARY PRO FORMA RESULTS • Pro Forma GAAP revenue of $554.5 million in the third quarter versus $511.5 million in the prior year period, an increase of 8.4%; and $1,598.5 million in the nine months ended September 30, 2021 versus $1,445.9 million in the prior year period, an increase of 10.6% • Pro
Slide 6: Consolidated Revenue and Earnings
CONSOLIDATED REVENUE AND EARNINGS (US$ in millions, except percentages) Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 % Change 2021 2020 % Change Revenue $ 466.6 $ 228.1 104.6 % $ 857.4 $ 575.0 49.1 % Operating Expenses Cost of services 324.8 149.0 NM % 558.9 373.1 49.8
Slide 7: Pro Forma Net Revenue Summary
PRO FORMA NET REVENUE SUMMARY (US$ in millions, except percentages) Components of Change Change Three Months Ended Foreign Net Acquisitions Three Months Ended September 30, 2020 Currency (Divestitures) Organic Total Change September 30, 2021 Organic Total Integrated Agencies Network $ 250.5 $ 2.8 $
Slide 8: Net Revenue by Line of Business
NET REVENUE BY LINE OF BUSINESS Q3 2021 Mix Media 4% Other 2% Experiential 1% Research 9% Public Relations 13% Digital 37% Creative 34% 7
Slide 9: Pro Forma Adjusted EBITDA
PRO FORMA ADJUSTED EBITDA (US$ in millions, except percentages) Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 % Change 2021 2020 % Change Integrated Agencies Network $ 79.4 $ 64.3 23.6 % $ 222.5 $ 157.5 41.3 % Media Network 17.0 11.2 51.6 % 43.6 23.0 89.8 % Communication
Slide 10: Summary of Cash Flow
SUMMARY OF CASH FLOW (US$ in millions) Nine Months Ended September 30, 2021 2020 Net cash provided by operating activities $ 29.4 $ 93.2 Net cash provided by (used in) investing activities 154.0 (16.4) Net cash used in financing activities (164.4) (43.7) Effect of exchange rate changes on cash and c
Slide 11: 2021 Financial Outlook
2021 FINANCIAL OUTLOOK 2021 financial guidance is as follows: • Revenue for 2021, on a pro forma basis giving effect to the combination as if it was completed on January 1, 2021, is estimated to be $2.150 to $2.180 billion, including approximately $755 million for legacy MDC for the seven-month peri
Slide 12: Available Liquidity
AVAILABLE LIQUIDITY1 (US$ in millions) September 30, 2021 Commitment Under Facility $ 500.0 Drawn 181.6 Undrawn Letters of Credit 25.6 Undrawn Commitments Under Facility (1) $ 292.8 Total Cash & Cash Equivalents 115.5 Liquidity $ 408.3 1 Subject to available borrowings under the Credit Facility. Not
Slide 13: Definition of Non-GAAP Financial Measures
DEFINITION OF NON-GAAP FINANCIAL MEASURES In addition to its reported results, Stagwell Inc. has included in its earnings release and supplemental management presentation certain financial results that the Securities and Exchange Commission defines as "non-GAAP financial measures." Management believ
Slide 14: Stagwell Inc.
Stagwell Inc. One World Trade Center, Floor 65 New York, NY 10007 646-429-1800 www.stagwellglobal.com