Emerald Holding, Inc. · NYSE:EEX
Emerald — FY2022 Earnings Presentation
15 slides from Emerald's earnings presentation, Mar 14, 2023
Slide 1: Fourth Quarter and Full Year 2022
Emerald Holding, Inc. Fourth Quarter and Full Year 2022 March 14, 2023 Exhibit 99.2
Slide 2: Forward-Looking Statements
Notes Forward-Looking Statements The information provided in this presentation is for general informational purposes only. This document contains certain forward-looking statements regarding Emerald Holding, Inc. and its subsidiaries (the “Company”), including, without limitation, the Company’s abil
Slide 3: Participants
Participants Hervé Sedky President and Chief Executive Officer David Doft Chief Financial Officer
Slide 4: Key 4Q and FY 2022 Takeaways
Key 4Q and FY 2022 Takeaways Event revenues are progressing toward, and in some cases exceeding, pre-pandemic levels, highlighting sustained demand for events; Emerald set up for future growth as post-COVID recovery cycle takes hold Trajectory of recovery and company growth supports outlook for $400
Slide 5: Revolutionizing the Trade Show Model
Revolutionizing the Trade Show Model Integrating technology and first party data to create a next-generation B2B platform Connections (85% of 2022 revenues(1)) – Collection of leading B2B trade shows and conferences that bring together industry-specific communities Emerald’s Core Services Content –
Slide 6: Enduring Value of Trade Shows
Enduring Value of Trade Shows (1) Source: CEIR, Omnichannel Marketing Insights Report 1 (https://www.tsnn.com/news/ceir-launches-optimistic-first-report-omnichannel-marketing-insights-series). (2) Source: Gartner, What Marketing Budgets Look Like in 2022 (https://www.gartner.com/en/articles/what-mar
Slide 7: Three Pillars of Value Creation
Three Pillars of Value Creation Emerald’s focus is on maximizing value of operations and expanding offerings Daily content and insights across 20 industries Scaled B2B marketplace Increased cadence of online offerings Emerald Xcelerator Targeted accretive M&A Partnership opportunities 365-Day Engage
Slide 8: Acquisitions and New Event Launches Driving Portfolio Optimization
Acquisitions and New Event Launches Driving Portfolio Optimization Strategic expansion into high growth industries and categories Community platform for creating relationships across the mental health ecosystem Fosters connections between mental health innovators and corporate leaders seeking soluti
Slide 9: Full Year 2022 Key Highlights
Full Year 2022 Key Highlights 124 Trade Shows 393,000 Attendees 17,800 Exhibiting Companies Transaction closed June 2022 Premier global B2B event and thought leadership platform with a global presence Select 2022 Trade Shows Introduced new Emerald Xcelerator division in 2022 dedicated to launching d
Slide 10: Full Year 2022 Financial Highlights and Current Liquidity Position
10 Full Year 2022 Financial Highlights and Current Liquidity Position Adj. EBITDA(1) Free Cash Flow(2) Net Income (Loss) Diluted Income (Loss) Per Share ($ in Millions) ($ in Millions) (1) See slide 14 of this presentation for a reconciliation of Net Income (Loss) to Adjusted EBITDA and Adjusted EBI
Slide 11: 2023 Guidance Signals Covid Recovery and Company Growth
On average, revenue per event is progressing toward normalized levels 124 trade shows and events staged in full year 2022, compared to 63 for full year 2021. Qualified attendees and exhibiting companies trending toward and in some cases exceeding pre-COVID levels 21% of 2022 events exceeded pre-COVI
Slide 12: Conservative Balance Sheet and Strong Liquidity: Capital Structure
Conservative Balance Sheet and Strong Liquidity: Capital Structure As of December 31, 2022 Convertible Preferred Shares Issued $400M of Convertible Preferred Stock in 2020 during COVID business disruption Shares have an accumulated accreting return of 7% per annum on liquidation preference paid in-k
Slide 13: Appendix
“ Appendix @ EMERALD
Slide 14: Adjusted EBITDA
Adjusted EBITDA UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA For the year ended December 31, 2022, represents non-cash charges of $6.3 million for goodwill in connection with the Company’s interim testing of goodwill for impairment resulting from the change in operating segments
Slide 15: Free Cash Flow
Free Cash Flow UNAUDITED RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 (dollars in millions) (unaudited) Net Cash (Used in) Provided by Operating Activities $ (23.6 ) $ 53.7 $ 175.1 $ 90.0 Les