Evercore Inc. · NYSE:EVR
Evercore — Shareholder Meeting (May 2020)
16 slides from Evercore's shareholder meeting presentation, May 12, 2020
Slide 1: Evercore 2020 Equity Plan Proposal
Evercore 2020 Equity Plan Proposal May 12, 2020 VIDEO TUTORIALS Check out EPG’s short videos about working with the Evercore template. How-to tutorials with step-by-step instructions on completing small tasks quickly. Copy and paste the below file path: I:\NY\_Public\New Evercore Template\Training m
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect our current views with respect to, among other things, our operations and financial performance. In some cases,
Slide 3: Strong Growth and Success
Strong Growth and Success Over $2 Billion in Adjusted Net Revenue for 2018 and 20191 20% CAGR in Adjusted Net Revenue since 20101 24% CAGR in Adjusted EPS since 20101 33 SMDs recruited or promoted on a net basis since year-end 2015, an over 40% increase in SMD headcount2 We are Requesting Additional
Slide 4: Our Proposal is Reasonably Sized and Appropriate for a Human Capital Business
Our Proposal is Reasonably Sized and Appropriate for a Human Capital Business Limited Share Request We are requesting a smaller increase of only 6 million shares Our proposal is for 40% less shares than our 2016 proposal Our proposal is designed to provide the necessary flexibility to manage and gro
Slide 5: We Have a Track Record of Prudent Equity Compensation Management
We Have a Track Record of Prudent Equity Compensation Management We are acutely sensitive to the dilutive impact of equity compensation and we have purposely offset the dilutive impact of equity awards through share repurchases We remain committed to carefully managing our shares by offsetting the d
Slide 6: Our Equity Compensation Practices are Comparable to our Direct Peers
Our Equity Compensation Practices are Comparable to our Direct Peers Anti-Dilutive Equity Practices While traditional models focus appropriately on dilution, they do not take into account the anti-dilutive effect of our share repurchase program However, even using traditional burn rate calculations,
Slide 7: We Need Your Support of our Equity Plan Proposal
We Need Your Support of our Equity Plan Proposal In the past, our shareholders have taken the time to understand our human capital-intensive business, our equity compensation practices and the need to make exceptions to traditional burn rate and dilution analyses. Thanks to their support, our most r
Slide 8: Appendix
Appendix U.S. GAAP Reconciliation to Adjusted Results (Unaudited)
Slide 9: Adjusted results non-GAAP measures explanation
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Information in the following financial reconciliations presents the historical results of the Company from continuing operations and is presented on an Adjusted basis, which is a non-generally accepted accounting principles (“non-GAAP”) measur
Slide 10: Adjustments Associated with Business Combinations and Divestitures
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Adjustments Associated with Business Combinations and Divestitures. The following charges resulting from business combinations and divestitures have been excluded from the Adjusted results because the Company’s Management believes that operati
Slide 11: Net Revenues (dollars in thousands)
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Net Revenues (dollars in thousands)
Slide 12: Operating Income & Net Income (dollars in thousands)
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Operating Income & Net Income (dollars in thousands)
Slide 13: Diluted shares outstanding & key metrics
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Diluted shares outstanding & key metrics (share amounts in thousands)
Slide 14: Notes on Adjusted presentation
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Income (Loss) from Equity Method Investments has been reclassified to Revenue in the Adjusted presentation. Interest Expense on Debt is excluded from Net Revenues and presented below Operating Income in the Adjusted results and is included in
Slide 15: Notes on excluded expenses
U.S. GAAP Reconciliation to Adjusted Results (Unaudited) Expenses during 2019 that are excluded from the Adjusted presentation relate to the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of our headquarters in New York, the impairment of goodwill i
Slide 16: Evercore
EVERCORE