Willis Towers Watson Public Limited Company · NASDAQ:WTW
Willis Towers Watson Public — Willis Towers Watson — Q1 2020 Earnings Presentation
17 slides from Willis Towers Watson Public's earnings presentation, Apr 30, 2020
Slide 1: 2020 First Quarter Financial Results
willistowerswatson.com willistowerswatson.com Willis Towers Watson Earnings Release Supplemental Materials 2020 First Quarter Financial Results April 30, 2020 © 2020 Willis Towers Watson. All rights reserved.
Slide 2: Forward Looking Statements
willistowerswatson.com Willis Towers Watson Forward Looking Statements © 2020 Willis Towers Watson. All rights reserved. This document contains “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements and other forwa
Slide 3: Non-GAAP Measures
willistowerswatson.com Willis Towers Watson Non - GAAP Measures © 2020 Willis Towers Watson. All rights reserved. In order to assist readers of our consolidated financial statements in understanding the core operating results that Willis T owe rs Watson’s management uses to evaluate the business and
Slide 4: Our Global Response To COVID-19
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 3 Our Global Response To COVID - 19 As a company, we are closely monitoring the spread and impact of COVID - 19 while adhering to government health directives . We have implemented restrictions on business travel, office access
Slide 5: Client Winning Solutions Safeguard Our Business
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 4 Client Winning Solutions Safeguard Our Business Our primary focus during this crisis has been and continues to be 1 Client Winning Solutions Willis Towers Watson is rising to meet our clients’ evolving needs and challenges du
Slide 6: Q1 2020 GAAP Financial Results Key Figures
willistowerswatson.com Q1 2020 GAAP Financial Results Key Figures © 2020 Willis Towers Watson. All rights reserved. 5 $USD million, except EPS and % Three months ended March 31, 2019 2020 Revenue as reported % change $2,312 $2,466 +7% Income from Operations as reported % change $359 $360 +0% Operati
Slide 7: Q1 2020 Key Figures, Includes Non-GAAP Financial Results
willistowerswatson.com Q1 2020 Key Figures, Includes Non - GAAP Financial Results Willis Towers Watson reports solid first quarter 2020 earnings © 2020 Willis Towers Watson. All rights reserved. $ 2.5 B Q1 2020 Revenue Total Revenue + 4 % Q1 2020 Organic % Resilient Recurring Revenue Base Delivered
Slide 8: Organic Growth Continued Across All Segments
willistowerswatson.com Organic Revenue Growth % Organic Growth Continued Across All Segments Our commitment to our clients and colleagues is key to our business resilience © 2020 Willis Towers Watson. All rights reserved. 7 HCB organic revenue growth was led by Health and Benefits driven by continue
Slide 9: Summary of Segment Financial Results
willistowerswatson.com Summary of Segment Financial Results Q1 2020 segment results compared to Q1 2019 © 2020 Willis Towers Watson. All rights reserved. 8 1 The Operating Margin percentage is rounded. 2 Revenue includes TRANZACT revenue for Q1 2020 after July 30, 2019 closing. As reported, $USD mil
Slide 10: Maintaining A Flexible Balance Sheet Position
willistowerswatson.com Maintaining A Flexible Balance Sheet Position Reinforcing our business fundamentals; safeguarding WTW’s financial strength 9 © 2020 Willis Towers Watson. All rights reserved. A disciplined capital management strategy intended to provides Willis Towers Watson with the financial
Slide 11: A Capital Strategy Fit For The Short & Long-Term
willistowerswatson.com A Capital Strategy Fit For The Short & Long - Term 10 © 2020 Willis Towers Watson. All rights reserved. CASH RETURNED TO SHAREHOLDERS $ 3.1 B FY2016 to Q1 FY2020 2017 2018 $ 277 $ 396 $ 602 2020 YTD $ 199 2016 $ 709 $ 306 $ 150 $ 329 $ 595 2019 $ 84 $ 986 $ 908 $ 479 In progre
Slide 12: Prudently withdrawing 2020 guidance due to COVID-19 uncertainty
willistowerswatson.com © 2020 Willis Towers Watson. All rights reserved. 11 Prudently withdrawing 2020 guidance due to COVID - 19 uncertainty Proactively reinforcing financial management discipline Comprehensive Contingency And Scenario Planning The pandemic can adversely impact demand for our solut
Slide 13: Appendix: Reconciliation of Non-GAAP Measures
willistowerswatson.com willistowerswatson.com Appendix: Reconciliation of Non - GAAP Measures 12 © 2020 Willis Towers Watson. All rights reserved.
Slide 14: Appendix 1: Constant currency and organic revenue change
willistowerswatson.com Appendix 1: Constant currency and organic revenue change As reported, USD millions, except % 13 © 2020 Willis Towers Watson. All rights reserved. ( i ) Components of revenue change may not add due to rounding Components of Revenue Change ( i ) Three Months Ended March 31, As R
Slide 15: Appendix 2: Adjusted operating income, adjusted EBITDA, free cash flow
willistowerswatson.com Appendix 2: Adjusted operating income and margin, adjusted EBITDA and margin, free cash flow As reported, USD millions, except % 14 © 2020 Willis Towers Watson. All rights reserved. Three Months Ended March 31, 2020 2019 Income from operations $ 360 14.6 % $ 359 15.5 % Adjuste
Slide 16: Appendix 3: Adjusted net income, adjusted diluted EPS, adjusted income before taxes
willistowerswatson.com Appendix 3: Adjusted net income, adjusted diluted earnings per share, adjusted income before taxes, adjusted income tax rate As reported, USD millions, except % and EPS 15 © 2020 Willis Towers Watson. All rights reserved. ( i ) The tax effect was calculated using an effective
Slide 17: About Willis Towers Watson
willistowerswatson.com About Willis Towers Watson Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has more than 45,000 employees and s