Emerald Holding, Inc. · NYSE:EEX
Emerald — Q1 2025 Earnings Presentation
19 slides from Emerald's earnings presentation, May 1, 2025
Slide 1: Emerald Holding, Inc. First Quarter 2025
Emerald Holding, Inc. First Quarter 2025 May 1, 2025 Exhibit 99.2
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-Looking Statements The information provided in this presentation is for general informational purposes only. This presentation contains certain forward-looking statements regarding Emerald Holding, Inc. and its subsidiaries (the “Company”), including, without limitation, sta
Slide 3: Participants
Participants Hervé Sedky President and Chief Executive Officer David Doft Chief Financial Officer
Slide 4: Key Q1 2025 Takeaways
Key Q1 2025 Takeaways Meaningful progress executing strategy. Strength of portfolio optimization efforts drove year-over-year growth in Revenue of 10.7% and Adjusted EBITDA of 34.7% Repurchased $8.8 million of its common stock at an average price of $4.33 per share in the first quarter On April 30,
Slide 5: Emerald's Monetization Engine Across Its Three Segments
Emerald’s Monetization Engine Provides Diverse And Highly Visible Revenue Generation Across Its Three Segments Collection of leading B2B trade shows and conferences that bring together industry-specific communities Revenue is generated from the production of trade shows and conference events, includ
Slide 6: Leading B2B Events Provide High ROI Marketing and Lead Generation
Leading B2B Events Provide High ROI Marketing and Lead Generation for Recurring Client Base Source: Deloitte. The CMO Survey: Managing Marketing Technology, Growth and Sustainability – Highlights and Insights Report (Spring 2024). Source: Events Industry Council & Oxford Economics. (2023) 2023 Globa
Slide 7: Three Pillars of Value Creation
Three Pillars of Value Creation Emerald’s focus is on maximizing value of operations and expanding offerings Action the holistic consolidated customer database Focuses on allowing customer to do business on their terms at higher ROI Value-based pricing structure Rigorous, perpetual brand reviews via
Slide 8: History of Acquiring and Integrating High-Quality Events
History of Acquiring and Integrating High-Quality Events with a Robust Acquisition Pipeline Selected Recent Acquisitions January 2023 Producer of Overland Expo series of vehicle-based, adventure travel consumer shows June 2022 Premier global B2B event and thought leadership platform in the advertisi
Slide 9: Adj. EBITDA, Free Cash Flow, Net Income, Diluted EPS
9 Adj. EBITDA(1) Free Cash Flow(2) Net Income (Loss) Diluted Income (Loss) Per Share ($ in Millions) ($ in Millions) Excludes insurance proceeds (1) See slide 14 of this presentation for a reconciliation of Net Income (Loss) to Adjusted EBITDA and Adjusted EBITDA excluding event cancellation insuran
Slide 10: Revenue and Adjusted EBITDA by Segment
10 ($ in Millions) Revenue and Adjusted EBITDA by Segment Quarterly Connections $112.2 $75.6 $62.0 $90.4 $123.4 $75.0 $62.4 $94.3 $138.3 All Other $10.1 $10.9 $10.5 $11.1 $10.0 $11.0 $10.2 $12.5 $9.4 Total $122.3 $86.5 $72.5 $101.5 $133.4 $86.0 $72.6 $106.8 147.7 Connections $282.6 $340.2 $355.1 All
Slide 11: 2025 Guidance Signals Continued Growth and Margin Expansion
11 2025 Guidance(1) Signals Continued Growth and Margin Expansion Revenue ($ in Millions) Adjusted EBITDA ex-Insurance(1) ($ in Millions) 2025 Revenue Guidance Reaffirm: FY 2025 Revenue expected to be $450 - $460 million (1) Guidance for FY 2025 Revenue of $450-$460 million and Adjusted EBITDA of $1
Slide 12: Capital Allocation Priorities
Defined as the ratio of net debt to consolidated trailing twelve month EBITDA as defined in the Second Amended and Restated Senior Secured Credit Facilities. Annual Recurring Dividends Re-introduce recurring quarterly cash dividend given free cash flow generative nature of business Gradually increas
Slide 13: Appendix
“ Appendix @ EMERALD
Slide 14: Adjusted EBITDA Reconciliation
Adjusted EBITDA UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (1) Other items for the three months ended March 31, 2025 included: (i) $3.7 million in acquisition-related transaction costs; (ii) $0.6 million in acquisition integration and restructuring-related transition costs; (ii
Slide 15: Free Cash Flow Reconciliation
Free Cash Flow UNAUDITED RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
Slide 16: Income Statement – Consolidated Emerald
Income Statement – Consolidated Emerald UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
Slide 17: Income Statement – Connections Reportable Segment
Income Statement – Connections Reportable Segment UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) – CONNECTIONS REPORTABLE SEGMENT
Slide 18: Income Statement – All Other Category
Income Statement – All Other Category UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) – ALL OTHER CATEGORY
Slide 19: Income Statement – Corporate-Level Activities
Income Statement – Corporate-Level Activities UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) – CORPORATE-LEVEL ACTIVITIES