Slide 1: Emerald Holding, Inc. Second Quarter 2023
Emerald Holding, Inc. Second Quarter 2023 August 2, 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 Q2 2023 Takeaways
Key Q2 2023 Takeaways Sustained recovery trend in live events is driving significant year-over-year growth, supported by ongoing improvements in customer supply chains and a rebound in international travel Trajectory of recovery and forward visibility into event bookings supports outlook for $400+ m
Slide 5: Revolutionizing the Trade Show Model
Revolutionizing the Trade Show Model Integrating technology and first party data to create a next-generation B2B platform Collection of leading B2B trade shows and conferences that bring together industry-specific communities Revenue is generated from the production of trade shows and conference eve
Slide 6: Enduring Value of Trade Shows
Enduring Value of Trade Shows (1) Source: Freeman, New Freeman Research Shows an Accelerated Return to In-Person Events. (2) Source: TSL, 2023 150+ Trade Show Stats That Reveal All. (3) Source: CEIR, Omnichannel Marketing Insights Report 1. (4) Source: Gartner, What Marketing Budgets Look Like in 20
Slide 7: Three Pillars of Value Creation
Three Pillars of Value Creation Emerald’s focus is on maximizing value of operations and expanding offerings Hired a head of product to action the holistic consolidated customer database 3-year brand operating plans across portfolio Value-based pricing structure Rigorous, perpetual brand reviews Imp
Slide 8: Acquisitions and New Event Launches Driving Portfolio Optimization
Acquisitions and New Event Launches Driving Portfolio Optimization Strategic expansion into high growth industries and categories Entered long-term partnership with the NBA to launch fan events and festivals globally adjacent to high profile NBA events such as the All Star Game, NBA Draft and NBA Su
Slide 9: Adj. EBITDA, Free Cash Flow, Net Loss, Diluted Loss Per Share
9 Adj. EBITDA(1) Free Cash Flow(2) Net Loss Diluted Loss Per Share ($ in Millions) ($ in Millions) (1) See slide 13 of this presentation for a reconciliation of Net (Loss) Income to Adjusted EBITDA and Adjusted EBITDA excluding event cancellation insurance proceeds. (2) The calculation of second qua
Slide 10: 2023 Guidance Signals Covid Recovery and Company Growth
10 2023 Guidance Signals Covid Recovery and Company Growth Revenue ($ in Millions) Adjusted EBITDA ex-Insurance(1) ($ in Millions) >$400.0 Guidance On average, revenue per event is progressing toward normalized levels Guidance implies 25% Adj. EBITDA margins, with room for continued improvement to p
Slide 11: Conservative Balance Sheet and Strong Liquidity: Capital Structure
Conservative Balance Sheet and Strong Liquidity: Capital Structure As of June 30, 2023 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-kind
Slide 12: Appendix
“ Appendix @ EMERALD
Slide 13: Adjusted EBITDA Reconciliation
Adjusted EBITDA UNAUDITED RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA For the six months ended June 30, 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 segment
Slide 14: Free Cash Flow Reconciliation
Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (dollars in millions) (unaudited) Net Cash Provided by Operating Activities $ 7.3 $ 12.2 $ 16.2 $ 45.2 Less: Capital expenditures 2.7 1.7 6.4 4.9 Free Cash Flow $ 4.6 $ 10.5 $ 9.8 $ 40.3 Event cancellation insurance proceeds —