Slide 1: FactSet Earnings Call Second Quarter Fiscal 2021
FactSet Earnings Call March 30, 2021 Second Quarter Fiscal 2021 Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures This presentation may contain forward looking statements reflecting management’s current expectations based on currently available information. Actual results may differ materially from what is expressed or forecast in such forward-looking statements.
Slide 3: Agenda
Agenda 01 Welcome / Introductions 02 Business Update 03 Financial Overview 04 Questions and Answers 05 Appendix Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 3
Slide 4: Business Update
Business Update Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Slide 5: FactSet is well positioned to meet evolving client needs and market dynamics
FactSet is well positioned to meet evolving client needs and market dynamics Overall trends Technology • Shift from active to passive • The industry is accelerating the products move onto cloud • Increased adoption of analytics • Increasing demand for open ecosystems and flexible APIs • Wealth marke
Slide 6: Key Metrics - Second Quarter 2021
Key Metrics - Second Quarter 2021 1 2 2 5.5% 32.6% $2.72 ORGANIC ASV + ADJUSTED ADJUSTED PROFESSIONAL + OPERATING + DILUTED SERVICES MARGIN EPS Driven by improved 80 basis points 7% growth YoY from sales of research and higher YoY due to higher operating results CTS solutions improved operating resu
Slide 7: Organic ASV + Professional Services Growth Rates – By Global Segments
Organic ASV + Professional Services Growth Rates* – By Global Segments $1.6B Organic ASV + Professional Services +5. 5% $427M $160M EMEA ASIAPAC $25M +4% +9% Pro Svcs +2% $980M AMERICAS +6% * Organic ASV plus professional services growth rate is based on last twelve months as of February 28, 2021 Co
Slide 8: Financial Overview
Financial Overview Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Slide 9: Second Quarter 2021 Financial Results
Second Quarter 2021 Financial Results* (in thousands, except per share data) 6.0% 4.9% 9.3% 8.4% 90bps 80bps GAAP Organic GAAP Adjusted GAAP Adjusted Revenues Revenues Operating Operating Operating Operating 02/28/21 $391,788 02/28/21 $389,167 Income Income Margin Margin 02/29/20 $369,780 02/29/20 $
Slide 10: Key Operational Metrics
Key Operational Metrics >95% ASV RETENTION 153,355* USER COUNT ASV retained from clients over the last twelve Number of individuals accessing FactSet’s months. solutions. No change versus 2020 | Q2 12% change since 2020 | Q2 90% CLIENT RETENTION 6,103 CLIENT COUNT Percentage of clients retained over
Slide 11: Returning Capital to Shareholders
Returning Capital to Shareholders (in millions except share price) $316.20 $157.16 $197.06 $270.10 $241.08 $162.62 $304 $261 $220 $200 $357 $156 $89 $100 $110 $114 $74 $81 '16 '17 '18 '19 '20 Q2 '21 LTM Cash Dividends Share Repurchases * Avg. Share Price * Includes shares repurchased from employee s
Slide 12: Business Outlook – Fiscal 2021
Business Outlook – Fiscal 20211 Fiscal 2021 Outlook Revised Organic ASV + Professional Services The Business Outlook - Fiscal 2021 shown $70 - $85 million Growth2 here is a forward-looking statement. Given the risk factors, uncertainties and assumptions, GAAP Revenues $1,570 - $1,585 million particu
Slide 13: Questions & Answers
Questions & Answers Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Slide 14: Appendix
Appendix Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Slide 15: Non-GAAP Reconciliations: Organic Revenues
Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED FEBRUARY 28/29 (Unaudited) 2021 2020 % Change GAAP Revenues $ 391,788 $ 369,780 6.0% Deferred revenue fair value adjustment 181 1,188 Adjusted revenues 391,969 370,968 Acquired revenues (1,175) – Currency impact (1,6
Slide 16: 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 FEBRUARY 28/29 (Unaudited) 2021 2020 % Change GAAP Operating Income $ 116,133 $ 106,257 9.3% Intangible asset amortization 5,914 5,143 Deferred revenue fair value a
Slide 17: Non-GAAP Reconciliations: Adjusted Diluted EPS
Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) FOR THE THREE MONTHS ENDED FEBRUARY 28/29 (Unaudited) 2021 2020 % Change GAAP Diluted Earnings per Common Share $ 2.50 $ 2.30 8.7% Intangible asset amortization 0.13 0.11 Deferred revenue fair value adjustment 0.00 0
Slide 18: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED FEBRUARY 28/29 (Unaudited) 2021 2020 % Change Net Cash Provided by Operating Activities $ 140,659 $ 99,669 Capital Expenditures $ (10,425) (25,119) Free Cash Flow $ 130,234 $ 74,550 74.7% Copyright © 2021 FactSet Resea
Slide 19: Non-GAAP Reconciliations: Business Outlook
Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) FISCAL 2021 (FULL YEAR) Low End of Range High End of Range GAAP Revenue $1,585 $1,570 GAAP operating income $ 468 $479 GAAP operating margin 29.5% 30.5% Intangible asset amorti
Slide 20: Thank you.
Thank you. Copyright © 2021 FactSet Research Systems Inc. All rights reserved.