Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q2 2022 Earnings Presentation
26 slides from Willis Towers Watson Public's earnings presentation, Jul 28, 2022
Slide 1: WTW Earnings Release Supplemental Materials: Second Quarter Financial Results
wtwco.com WTW Earnings Release Supplemental Materials July 28, 2022 Second Quarter Financial Results © 2022 WTW. All rights reserved.
Slide 2: WTW Forward-Looking Statements
wtwco.com WTW Forward - Looking Statements This document contains ‘forward - looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These
Slide 3: WTW Non-GAAP Measures
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. WTW Non - GAAP Measures In order to assist read
Slide 4: Strategy and Operating Performance
wtwco.com Strategy and Operating Performance © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. 4
Slide 5: Key Takeaways
wtwco.com Remain focused on delivering on our 2022 financial targets Continued to return capital, with $471M in Q2 - 22 share repurchases Organic growth of 3% in the quarter and 9% Adj. EPS growth over the prior year Significant progress on strategic priorities, with hiring on pace with Q1 rate © 20
Slide 6: Q2 2022 GAAP Financial Results
wtwco.com Key figures © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Q2 2022 GAAP Financial Results $USD
Slide 7: Solid Operating Performance: Q2 2022 Key Figures
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Solid Operating Performance Q2 2022 Key Figures
Slide 8: Focus on execution of our strategy: Grow, Simplify, Transform
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Focus on the execution on our strategy aiming t
Slide 9: Recent Progress Against Strategic Priorities
wtwco.com Recent Progress Against Strategic Priorities © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Gr
Slide 10: We Have a Portfolio of Leading Businesses in Attractive Markets
wtwco.com Delivering superior advice, broking and solutions in the areas of people, risk and capital We Have a Portfolio of Leading Businesses in Attractive Markets We have: A distinctive mix of complementary businesses • Accomplished and aspiring talent • Collaborative client - first culture • Soph
Slide 11: Segment Overview: Health, Wealth, & Career
wtwco.com $4,586 $4,895 $5,268 2019 2020 2021 $1,149 $1,236 $1,346 2019 2020 2021 25.0% 25.2% 25.6% 2019 2020 2021 Segment Overview: Health, Wealth, & Career © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionar
Slide 12: Segment Overview: Risk & Broking
wtwco.com $3,282 $3,316 $3,564 2019 2020 2021 $650 $714 $835 2019 2020 2021 19.8% 21.6% 23.4% 2019 2020 2021 Segment Overview: Risk & Broking © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, incl
Slide 13: Value Creation Framework
wtwco.com Value Creation Framework 1. Seek profitable growth through innovation in attractive markets 2. Target superior shareholder returns through buybacks and prudent investments 3. Defensive business model with historically lower volatility than other financial services subsectors 4. Expected ac
Slide 14: Financial Review
wtwco.com Financial Review © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. 14
Slide 15: Segment Highlights: Health, Wealth & Career
wtwco.com Segment Highlights • For the quarter, Health, Wealth & Career grew 2% organically and was led by Health and Benefits Delivery & Outsourcing. – Health grew due to gains recorded in connection with book - of - business settlements and new client work. Excluding book - of - business settlemen
Slide 16: Segment Highlights: Risk & Broking
wtwco.com Segment Highlights • For the quarter, Risk & Broking grew 3% organically and was led by strong growth in Insurance Consulting & Technology and improvement within Corporate Risk & Broking. – Insurance Consulting & Technology grew organically as a result of new software sales and increased a
Slide 17: Transformation Program
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Transformation Program On track to generate $30
Slide 18: Maintaining a Flexible Balance Sheet
wtwco.com Maintaining a Flexible Balance Sheet © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. 1 Total De
Slide 19: Executing Against a Balanced Capital Allocation Strategy
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Executing Against a Balanced Capital Allocation
Slide 20: On Track to Achieve 2022 Financial Targets
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. On Track to Achieve 2022 Financial Targets 1 Ex
Slide 21: Appendix: Reconciliation of Non-GAAP Measures
wtwco.com Appendix: Reconciliation of Non - GAAP Measures © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation.
Slide 22: Appendix 1: Constant Currency and Organic Revenue Change
wtwco.com Appendix 1: Constant Currency and Organic Revenue Change © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide pres
Slide 23: Appendix 2: Adjusted Operating Income and Margin, Adjusted EBITDA and Margin
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. Appendix 2: Adjusted Op Income and Margin, Adj.
Slide 24: Appendix 3: Adjusted Net Income and Adjusted Diluted EPS
wtwco.com Appendix 3: Adjusted Net Income and Adjusted Diluted EPS © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide pres
Slide 25: Appendix 4: Adjusted Income Before Taxes, Tax Rate and Free Cash Flow
wtwco.com Appendix 4: Adjusted Income Before Taxes, Adjusted Income Tax Rate and Free Cash Flow As reported, USD millions except % © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how a
Slide 26: About WTW
wtwco.com © 2022 WTW. All rights reserved. See “WTW Forward - Looking Statements“ above for information about forward - looking statements and cautionary language, including how actual results may differ materially from those in the slide presentation. About WTW At WTW (NASDAQ: WTW), we provide data