West Holdings Corporation · TSE:1407
West — Shareholder Meeting (May 2014)
11 slides from West's shareholder meeting presentation, May 13, 2014
Slide 1: Annual Meeting of Stockholders May 2014
Annual Meeting of Stockholders May 2014 Annual Meeting of Stockholders May 2014 Exhibit 99.1
Slide 2: Non-GAAP Reconciliation
Non-GAAP Reconciliation Adjusted net income and adjusted earnings per share (EPS) are non- GAAP measures. The Company believes these measures provide a useful indication of profitability and basis for assessing the operations of the Company without the impact of IPO-related expenses, expenses termin
Slide 3: West Overview
West Overview IP Communications Interactive Services Agent Services Public Safety Services Telecom Services Conferencing and Collaboration West Corporation, through our 32,600 employees, manages and processes large-scale, complex, mission-critical transactions that help our clients communicate more
Slide 4: Revenue 3.6% Growth
Revenue 3.6% GROWTH $2,700- $2,755 This page contains forward looking statements. Please see page 2. 2013 Consolidated Revenue over 2012 1.8% GROWTH Platform Revenue Agent Services Revenue 2.6% DECLINE $2,638 $2,686 2014 Guidance
Slide 5: Adjusted Net Income
Adjusted Net Income $232 - $247 Adjusted Net Income excludes costs related to the IPO and acquisitions. See page 3 for a reconciliation of Adjusted Net Income to Net Income. This page contains forward looking statements. Please see page 2. 2013 Adjusted Net Income grew over 2012 20.6% GROWTH Growth
Slide 6: Cash Flows from Operations
Cash Flows from Operations $375 - $400 This page contains forward looking statements. Please see page 2. 2013 Cash Flows from Operations grew over 2012 20.4% GROWTH $319 $384 Guidance
Slide 7: WSTC vs. S&P
WSTC vs. S&P 500 WSTC finished 2013 at $25.71, an increase of 36.3% from the IPO closing price of $18.86 95.00 100.00 105.00 110.00 115.00 120.00 125.00 130.00 135.00 140.00 145.00 22-Mar-13 22-Apr-13 22-May-13 22-Jun-13 22-Jul-13 22-Aug-13 22-Sep-13 22-Oct-13 22-Nov-13 22-Dec-13 WSTC S&P 500
Slide 8: 2014 Guidance
2014 Guidance In millions except per share amounts. This page contains forward looking statements. Please see page 2. See reconciliation of non-GAAP financial measures on page 3. Implied Growth at 2013 Actual 2014 Guidance Midpoint Consolidated Revenue $2,686 $2,700 - $2,755 1.5% Platform-based Reve
Slide 9: Uses of Cash
Uses of Cash This page contains forward looking statements. Please see page 2. 2014 Guidance for Cash Flows from Operations of $375M-$400M • $0.225 per share quarterly • Approximately 32% of expected free cash flow in 2014 DIVIDEND • $500M of 8.625% bonds callable 10/1/14 • $650M of 7.875% bonds cal
Slide 10: Recent Acquisition: SchoolMessenger
Recent Acquisition: SchoolMessenger • Fast growing notifications and alerts business for the K-12 education market This page contains forward looking statements. Please see page 2. • Revenue of $27 million in 2013 with growth expected in high single digits • Strong profit margins • Purchase price wa
Slide 11: Questions?
Questions?