West Holdings Corporation · TSE:1407
West — Shareholder Meeting (May 2015)
10 slides from West's shareholder meeting presentation, May 15, 2015
Slide 1: Annual Meeting of Stockholders May 15, 2015
Annual Meeting of Stockholders May 15, 2015 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 bond redemption premiums, acquisitions
Slide 3: What West Accomplished in 2014
What West Accomplished in 2014 Actions Results Drive Shareholder Value: 2014 Free Cash Flow Growth of 37% Streamlined Business Model Divestiture of Agent Services Business Generated Stable Revenue Growth 5% 2014 revenue growth from continuing operations Increased Profitability 2014 adjusted net inco
Slide 4: Revenue
Revenue $2,295 - $2,340 This page contains forward looking statements. Please see page 2. 2014 Revenue grew over 5% GROWTH Growth was a result of acquisitions and new business from existing clients $2,121 $2,219 Guidance
Slide 5: Adjusted Net Income
Adjusted Net Income $257 -$267 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. 2014 Adjusted Net Income grew over 2013 19% GROWTH Growth was
Slide 6: Cash Flows from Operations and Capital Allocation
Cash Flows from Operations and Capital Allocation Proceeds from Agent Divestiture 2015 Capital Allocation Priorities 1) Pursue accretive M&A opportunities 2) De-leveraging through debt pay down, growth and M&A 3) Opportunistic share buybacks $MM Net Sale of Agent Business ~$240 Net Sale of Real Esta
Slide 7: WSTC vs. S&P Index – 2014
WSTC vs. S&P Index – 2014 Source: FactSet WSTC S&P 500
Slide 8: West Shareholder Base Holdings after March 2015 Secondary Offering
West Shareholder Base Holdings after March 2015 Secondary Offering by Private Equity Holders Private Equity 35% Institutional 38% 85 million shares outstanding West Family 18% Directors & Officers 2% Retail 7%
Slide 9: Proven Management Team Has Successfully Evolved the Business
Proven Management Team Has Successfully Evolved the Business Strong Corporate Leadership Our Corporate Management has Spent an Average of 16 Years with West Proven & Experienced Operations Leadership Unified Communication & Conferencing Services Interactive Services Safety Services Specialized Agent
Slide 10: We connect. We deliver. Questions?
We connect. We deliver. 11 Questions?