Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q3 2020 Earnings Presentation
17 slides from Willis Towers Watson Public's earnings presentation, Oct 29, 2020
Slide 1: Earnings Release Supplemental Materials: 2020 Third Quarter Financial Results
willistowerswatson.com willistowerswatson.com Willis Towers Watson Earnings Release Supplemental Materials 2020 Third Quarter Financial Results October 29, 2020 © 2020 Willis Towers Watson. All rights reserved.
Slide 2: Forward Looking Statements
willistowerswatson.com Willis Towers Watson Forward Looking Statements © 2020 Willis Towers Watson. All rights reserved. This document contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements and other forwa
Slide 3: Non-GAAP Measures
willistowerswatson.com Willis Towers Watson Non - GAAP Measures © 2020 Willis Towers Watson. All rights reserved. In order to assist readers of our consolidated financial statements in understanding the core operating results that Willis T owe rs Watson’s management uses to evaluate the business and
Slide 4: Q3 2020 GAAP Financial Results Key Figures
willistowerswatson.com Q3 2020 GAAP Financial Results Key Figures © 2020 Willis Towers Watson. All rights reserved. 3 $USD million, except EPS and % Three months ended September 30, Nine months ended September 30, 2019 2020 2019 2020 Revenue as reported % change $1,989 $2,009 +1% $6,349 $6,588 +4% I
Slide 5: Q3 2020 Key Figures, Includes Non-GAAP Financial Results
willistowerswatson.com Q3 2020 Key Figures, Includes Non - GAAP Financial Results Willis Towers Watson reports third quarter 2020 earnings © 2020 Willis Towers Watson. All rights reserved. $ 2.1 B Q3 2020 Revenue Total Revenue Resilient Recurring Revenue Base Total revenue increased 1%, while organi
Slide 6: Resilient Business Portfolio At A Time Of Economic Uncertainty
willistowerswatson.com Organic Revenue Growth % Resilient Business Portfolio At A Time Of Economic Uncertainty Our breadth of services and commitment to our clients were key to our business resilience © 2020 Willis Towers Watson. All rights reserved. 5 HCB saw modest contraction mainly due to the im
Slide 7: Summary of Segment Financial Results
willistowerswatson.com Summary of Segment Financial Results Q3 2020 segment results compared to Q3 2019 © 2020 Willis Towers Watson. All rights reserved. 6 1 The Operating Margin percentage is rounded. 2 Revenue includes TRANZACT revenue for Q3 2020 after July 30, 2019 closing. As reported, $USD mil
Slide 8: Maintaining A Flexible Balance Sheet Position
willistowerswatson.com Maintaining A Flexible Balance Sheet Position Reinforcing our business fundamentals; safeguarding WTW’s financial strength 7 © 2020 Willis Towers Watson. All rights reserved. A disciplined capital management strategy intended to provide Willis Towers Watson with the financial
Slide 9: A Capital Strategy Fit For The Short & Long-Term
willistowerswatson.com A Capital Strategy Fit For The Short & Long - Term 8 © 2020 Willis Towers Watson. All rights reserved. CASH RETURNED TO SHAREHOLDERS $ 3.2 B FY2016 to Q3 FY2020 $ 396 $ 908 $ 602 $ 199 $ 595 $ 306 2017 2019 2016 $ 709 $ 277 2018 $ 150 $ 329 $ 259 2020 YTD $ 986 $ 479 In progre
Slide 10: Client Winning Solutions Safeguard Our Business
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 9 Client Winning Solutions Safeguard Our Business Our primary focus during this crisis has been and continues to be 1 Client Winning Solutions Willis Towers Watson is rising to meet our clients’ evolving needs during this extra
Slide 11: Economic Outlook Remains Challenging & Unpredictable
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 10 Economic Outlook Remains Challenging & Unpredictable Proactively reinforcing financial management discipline Comprehensive Contingency Planning The pandemic has slowed growth in the short - term, especially for services that
Slide 12: Appendix: Reconciliation of Non-GAAP Measures
willistowerswatson.com willistowerswatson.com Appendix: Reconciliation of Non - GAAP Measures 11 © 2020 Willis Towers Watson. All rights reserved.
Slide 13: Appendix 1: Constant currency and organic revenue change
willistowerswatson.com Appendix 1: Constant currency and organic revenue change As reported, USD millions, except % 12 © 2020 Willis Towers Watson. All rights reserved. ( i ) Components of revenue change may not add due to rounding Components of Revenue Change ( i ) Three Months Ended September 30,
Slide 14: Appendix 2: Adjusted operating income and margin, adjusted EBITDA, free cash flow
willistowerswatson.com Appendix 2: Adjusted operating income and margin, adjusted EBITDA and margin, free cash flow As reported, USD millions, except % 13 © 2020 Willis Towers Watson. All rights reserved. Three Months Ended September 30, 2020 2019 Income from operations $ 73 3.6 % $ 107 5.4 % Adjust
Slide 15: Appendix 3: Adjusted net income and adjusted diluted earnings per share
willistowerswatson.com Appendix 3: Adjusted net income and adjusted diluted earnings per share As reported, USD millions, except % and EPS 14 © 2020 Willis Towers Watson. All rights reserved. ( i ) See ‘Willis Towers Watson Merger - Related Securities Litigation’ within Part 1, Note 13 in the Compan
Slide 16: Appendix 4: Adjusted income before taxes and adjusted income tax rate
willistowerswatson.com Appendix 4: Adjusted income before taxes and adjusted income tax rate As reported, USD millions, except % and EPS 15 © 2020 Willis Towers Watson. All rights reserved. Three Months Ended September 30, 2020 2019 Income from operations before income taxes $ 168 $ 100 Adjusted for
Slide 17: About Willis Towers Watson
willistowerswatson.com About Willis Towers Watson Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has more than 45,000 employees and s