Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q1 2025 Earnings Presentation

22 slides from Factset Research Systems's earnings presentation, Dec 19, 2024

  1. Slide 1: FactSet Earnings Call First Quarter Fiscal 2025

    Thursday, December 19, 2024 FactSet Earnings Call First Quarter Fiscal 2025 Copyright © 2024 2022 FactSet Research Systems Inc. All rights reserved. FactSet Confidential: Business Do not Useforward. Only

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

    Forward-Looking Statements and Non-GAAP Measures This presentation, and other statements that FactSet may make in connection with this presentation, contains forward-looking statements based on management's current expectations, assumptions, estimates, forecasts and projections about future events a

  3. Slide 3: Agenda

    Agenda • Welcome • Business Update • Financial Overview • Questions and Answers • Appendix Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. Copyright © 2024 FactSet Research Systems Inc. All rights reserved. Business Use Only 3

  4. Slide 4: Business Update

    Business Update Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  5. Slide 5: Key Metrics - First Quarter 2025

    Key Metrics - First Quarter 2025 1 2 2 4.5% 37.6% $4.37 ORGANIC ASV ADJUSTED ADJUSTED GROWTH + OPERATING + DILUTED MARGIN EPS Driven by the strength of our Flat year over year, due to Increased 6.1% year over year recurring sales model and lower personnel and facilities due to revenue growth offset

  6. Slide 6: Key Operational Metrics

    Key Operational Metrics >95% 218,267 ASV RETENTION USER COUNT ASV retained from clients over the last twelve months. Number of individuals accessing FactSet’s solutions. No change versus 2024 | Q1 5% change since 2024 | Q1 91% 8,249 CLIENT RETENTION CLIENT COUNT Percentage of clients retained over t

  7. Slide 7: ASV Growth Rates by Global Segments

    ASV Growth Rates by Global Segments * $2,259M Organic ASV + 4.5% $572M $230M EMEA ASIAPAC +4% +7% $1,456M AMERICAS +5% * LTM Organic ASV Growth Rate based on last twelve months as of November 30, 2024 Note: Figures Copyright © 2022may not foot FactSet due to Systems Research rounding Inc. All rights

  8. Slide 8: Now, we are on a mission to supercharge financial intelligence

    Now, we are on a mission to supercharge financial intelligence Maximize the value Innovate across Deliver value to our of our data and workflows to maintain clients as their enterprise technology and build leadership partner of choice ecosystem Copyright © 2022 FactSet Research Systems Inc. All righ

  9. Slide 9: Financial Overview

    Financial Overview Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  10. Slide 10: First Quarter 2025 Financial Results

    First Quarter 2025 Financial Results* (in thousands, except per share data) 4.9% 4.7% 1.2% 4.8% (120)bps 0bps Revenues Organic Revenues Operating Income Adjusted Operating Operating Margin Adjusted Operating 11/30/24 $568,667 11/30/24 $567,673 11/30/24 $191,335 Income 11/30/24 33.6% Margin 11/30/23

  11. Slide 11: Returning Capital to Shareholders

    Returning Capital to Shareholders FactSet has steadily increased annual dividends and continued share repurchases in the first quarter 2025 (in millions except share price) $467.00 $437.40 $403.44 $410.64 $330.26 $270.10 $241.08 $235 $197.06 $177 $162.62 $19 $201 $265 $304 $220 $261 $126 $139 $151 $

  12. Slide 12: We reaffirm fiscal 2025 guidance of 4% - 6% ASV growth and 36% - 37% adjusted operating margin

    We reaffirm fiscal 2025 guidance of 4% - 6% ASV1 growth and 36% - 37% adjusted operating margin FISCAL 2025 OUTLOOK As of December 19, 2024 $90 - $140 million Organic ASV Growth1 (~4% to ~6%) Revenues $2,285 - $2,305 million GAAP Operating Margin 32.5% - 33.5% Adjusted Operating Margin 36.0% - 37.0%

  13. Slide 13: Questions & Answers

    Questions & Answers Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  14. Slide 14: Appendix

    Appendix Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  15. Slide 15: First Quarter 2025 Adjusted Operating Income Walk

    First Quarter 2025 Adjusted Operating Income Walk (in millions) $569 $223 $27 $56 $16 $32 $214 Revenue People Third Party Technology Real Estate Other Adjusted Operating Content Income Figures as of November 30, 2024 Note: Columns Copyright © 2022 may not foot FactSet due toSystems Research rounding

  16. Slide 16: Non-GAAP Reconciliations: Organic Revenues

    Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED NOVEMBER 30 (Unaudited) 2024 2023 % Change GAAP Revenues $ 568,667 $ 542,216 4.9% Acquired Revenues (696) — Currency Impact (298) — Organic Revenues $ 567,673 $ 542,216 4.7% Note: Columns may not foot due to rounding

  17. Slide 17: 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 NOVEMBER 30 (Unaudited) 2024 2023 % Change GAAP Operating Income $191,335 $189,040 1.2% Intangible Asset Amortization 16,581 17,344 Business acquisition and related

  18. Slide 18: Non-GAAP Reconciliations: EBITDA

    Non-GAAP Reconciliations EBITDA (in thousands) FOR THE THREE MONTHS ENDED NOVEMBER 30 (Unaudited) 2024 2023 % Change Net Income $ 150,022 $ 148,555 1% Interest Expense 14,400 16,738 Income taxes 29,717 26,641 Depreciation and amortization expense 35,717 27,068 EBITDA $ 229,856 $ 219,002 5% Note: Col

  19. 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 NOVEMBER 30 (Unaudited) 2024 2023 % Change GAAP Diluted Earnings per Common Share $ 3.89 $ 3.84 1.3 % Intangible Asset Amortization 0.32 0.32 Business acquisition and related costs 0.08 — S

  20. Slide 20: Non-GAAP Reconciliations: Free Cash Flow

    Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED NOVEMBER 30 (Unaudited) 2024 2023 % Change Net Cash Provided by Operating Activities $ 86,372 $ 155,144 Capital Expenditures (25,874) (16,466) Free Cash Flow $ 60,498 $ 138,678 (56.4)% Note: Columns may not foot due to

  21. Slide 21: Non-GAAP Reconciliations: Business Outlook

    Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in thousands, except per share data) Fiscal 2025 (Forward Looking) Low End of Range High End of Range Revenues $2,285 $2,305 Operating Income $ 765 $749 Operating Margin 33.5% 32.5% Intangible Asset Amortization

  22. Slide 22: Thank you

    Thank you Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

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