This document discusses LPL Financial's business model and opportunities for growth. It notes that LPL Financial is the leading independent broker-dealer and provides services to independent advisors, institutions, and retirement plans. It also highlights trends in the financial industry that are favorable for independent advisors and the growth opportunities these trends present for LPL Financial. Additionally, the document summarizes LPL Financial's financial performance and discusses the potential for increased earnings from a recovery in interest rates that would boost its cash sweep revenue.
This document discusses LPL Financial's business opportunity and provides forward-looking statements and notices about non-GAAP financial measures. It highlights that LPL Financial is the leading financial services provider to independent advisors, RIAs, and financial institutions. Key messages are that LPL Financial's differentiated value proposition drives advisor growth, the scale of its advisory and brokerage offerings provides flexibility to manage change, and its financial performance demonstrates business growth and earnings potential. The document contains cautionary language about forward-looking statements and defines non-GAAP financial measures including adjusted earnings and adjusted EBITDA.
The document provides an overview of a presentation given by LPL Financial Holdings Inc. It includes statements regarding LPL's future plans and financial performance, as well as required disclosures around forward-looking statements and non-GAAP financial measures. The presentation focuses on LPL's strategy to capture opportunities by growing revenues, creating efficiencies through technology investments, enhancing its risk and compliance culture, and strengthening its financial performance.
This document provides an overview and summary of Tribune Publishing Company's third quarter 2014 financial performance. Key points include:
- Total operating revenues decreased 4.7% to $404 million for Q3 2014 compared to the prior year.
- Total operating expenses increased 0.7% to $399.5 million for Q3 2014.
- Advertising revenues decreased 9.5% to $220.8 million for Q3 2014, driven by declines in retail, national, and classified advertising. Circulation revenues increased slightly by 1.2% to $107.5 million.
TCF Financial Corporation held an investor presentation on February 11, 2020 to discuss the merger with Chemical Financial Corporation. The presentation highlighted that the combined company will be a premier Midwest bank with $47 billion in total assets and $34 billion in loans and deposits each. It was noted that the merger of equals will create scale and product offerings to better compete in key Midwest markets. The new company will have a commercial loan focus of 67% and consumer loans of 33%. The presentation also introduced the new purpose and beliefs of the combined organization to unite the cultures as One TCF and outlined the experienced management team and their ability to recruit top talent for the larger regional bank.
- Q3 2015 highlights document from Aimia provides forward-looking statements and cautions that actual results may differ materially from projections.
- It outlines Aimia's non-GAAP financial measures including Adjusted EBITDA and Adjusted Net Earnings which are used to evaluate performance but are not comparable to GAAP measures.
- The document reports Q3 2015 consolidated Adjusted EBITDA of $49.1 million, down from $63.9 million in Q3 2014, and updates 2015 guidance for lower Gross Billings and Adjusted EBITDA compared to previous targets.
TCF Financial Corporation held a 4Q19 earnings presentation on January 27, 2020. The presentation contained forward-looking statements regarding TCF's financial performance and the merger with Chemical Financial Corporation. The presentation also contained cautionary language stating that TCF's actual future results could differ from projected results due to risks and uncertainties. TCF provided non-GAAP financial measures to allow for comparisons between periods and other institutions, but warned that non-GAAP measures have limitations. TCF reported diluted EPS of $0.72 but adjusted diluted EPS was $1.04. Integration of the merger was on track and loan growth was strong, particularly in commercial loans, while credit quality remained solid.
- The document discusses Aimia's Q1 2016 highlights and financial results. It provides forward-looking statements and cautions that actual results may differ materially from expectations.
- Gross billings decreased 3.7% to $573.0 million due to lost contracts, lower reward fulfillment activity, and wind downs, partially offset by new client wins. Adjusted EBITDA was $50.6 million.
- Key highlights included stability in Aeroplan's financial cards business, a new ISS win with Aeon Retail, and progress on Aimia's operating cost reduction initiatives.
Aimia's Q1 2015 highlights saw adjusted EBITDA increase approximately 60% year-over-year due to strong performance across regions. Gross billings declined slightly by 3.6% excluding the prior year contribution from TD, with growth in Canada and EMEA offset by declines in US and APAC. Free cash flow was positive at $5.2 million compared to negative $39.5 million in the prior year. Aimia reiterated its full year 2015 guidance targets.
This document discusses LPL Financial's business opportunity and provides forward-looking statements and notices about non-GAAP financial measures. It highlights that LPL Financial is the leading financial services provider to independent advisors, RIAs, and financial institutions. Key messages are that LPL Financial's differentiated value proposition drives advisor growth, the scale of its advisory and brokerage offerings provides flexibility to manage change, and its financial performance demonstrates business growth and earnings potential. The document contains cautionary language about forward-looking statements and defines non-GAAP financial measures including adjusted earnings and adjusted EBITDA.
The document provides an overview of a presentation given by LPL Financial Holdings Inc. It includes statements regarding LPL's future plans and financial performance, as well as required disclosures around forward-looking statements and non-GAAP financial measures. The presentation focuses on LPL's strategy to capture opportunities by growing revenues, creating efficiencies through technology investments, enhancing its risk and compliance culture, and strengthening its financial performance.
This document provides an overview and summary of Tribune Publishing Company's third quarter 2014 financial performance. Key points include:
- Total operating revenues decreased 4.7% to $404 million for Q3 2014 compared to the prior year.
- Total operating expenses increased 0.7% to $399.5 million for Q3 2014.
- Advertising revenues decreased 9.5% to $220.8 million for Q3 2014, driven by declines in retail, national, and classified advertising. Circulation revenues increased slightly by 1.2% to $107.5 million.
TCF Financial Corporation held an investor presentation on February 11, 2020 to discuss the merger with Chemical Financial Corporation. The presentation highlighted that the combined company will be a premier Midwest bank with $47 billion in total assets and $34 billion in loans and deposits each. It was noted that the merger of equals will create scale and product offerings to better compete in key Midwest markets. The new company will have a commercial loan focus of 67% and consumer loans of 33%. The presentation also introduced the new purpose and beliefs of the combined organization to unite the cultures as One TCF and outlined the experienced management team and their ability to recruit top talent for the larger regional bank.
- Q3 2015 highlights document from Aimia provides forward-looking statements and cautions that actual results may differ materially from projections.
- It outlines Aimia's non-GAAP financial measures including Adjusted EBITDA and Adjusted Net Earnings which are used to evaluate performance but are not comparable to GAAP measures.
- The document reports Q3 2015 consolidated Adjusted EBITDA of $49.1 million, down from $63.9 million in Q3 2014, and updates 2015 guidance for lower Gross Billings and Adjusted EBITDA compared to previous targets.
TCF Financial Corporation held a 4Q19 earnings presentation on January 27, 2020. The presentation contained forward-looking statements regarding TCF's financial performance and the merger with Chemical Financial Corporation. The presentation also contained cautionary language stating that TCF's actual future results could differ from projected results due to risks and uncertainties. TCF provided non-GAAP financial measures to allow for comparisons between periods and other institutions, but warned that non-GAAP measures have limitations. TCF reported diluted EPS of $0.72 but adjusted diluted EPS was $1.04. Integration of the merger was on track and loan growth was strong, particularly in commercial loans, while credit quality remained solid.
- The document discusses Aimia's Q1 2016 highlights and financial results. It provides forward-looking statements and cautions that actual results may differ materially from expectations.
- Gross billings decreased 3.7% to $573.0 million due to lost contracts, lower reward fulfillment activity, and wind downs, partially offset by new client wins. Adjusted EBITDA was $50.6 million.
- Key highlights included stability in Aeroplan's financial cards business, a new ISS win with Aeon Retail, and progress on Aimia's operating cost reduction initiatives.
Aimia's Q1 2015 highlights saw adjusted EBITDA increase approximately 60% year-over-year due to strong performance across regions. Gross billings declined slightly by 3.6% excluding the prior year contribution from TD, with growth in Canada and EMEA offset by declines in US and APAC. Free cash flow was positive at $5.2 million compared to negative $39.5 million in the prior year. Aimia reiterated its full year 2015 guidance targets.
This document provides highlights from Aimia's Q1 2017 results, including forward-looking statements about certain financial metrics for 2017. Such statements involve assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. It also contains non-GAAP financial measures and reconciliations to GAAP measures. The document cautions that the assumptions used to make forward-looking statements about 2017 may prove incorrect or inaccurate.
This document highlights Aimia's Q2 2016 results and provides forward-looking statements about Aimia's financial metrics and performance in 2016. It cautions that these forward-looking statements are based on assumptions that may prove to be incorrect and are subject to various risks and uncertainties. It also notes that Aimia's actual results could differ materially from the forward-looking statements presented. The document defines various non-GAAP financial measures used by Aimia and refers readers to Aimia's MD&A for reconciliations of these measures to comparable GAAP measures.
Sem group earnings presentation 4q & full year 2018 finalSemGroupCorporation
Fourth Quarter and Full-Year 2018 Results Earnings Conference Call February 27, 2019
The document discusses SemGroup's non-GAAP financial measures including Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit which are used to evaluate performance but are not substitutes for GAAP measures. It provides definitions and adjustments for each measure. The document also contains forward-looking statements regarding SemGroup's prospects, financial performance, annual dividend growth, and other matters which are subject to known and unknown risks that could cause actual results to differ.
Sem group earnings presentation 4q & full year-2018_finalSemGroupCorporation
Fourth Quarter and Full-Year 2018 Results Earnings Conference Call
In 3 sentences:
SemGroup reported adjusted EBITDA of $394 million for full-year 2018, an increase from $328 million in 2017. For 2019, SemGroup expects adjusted EBITDA between $420-465 million. SemGroup also provided 2019 capital expenditure guidance of $307 million, with $150 million allocated for growth projects in the U.S. and $230 million for the SemCAMS Midstream joint venture in Canada.
This document provides highlights from Aimia's Q4 2015 results and includes forward-looking statements about Aimia's financial metrics and performance in 2016. It cautions that Aimia's statements involve assumptions that may prove to be incorrect and do not account for special items or new transactions. It also defines several non-GAAP financial measures used by Aimia to evaluate performance and measure compliance with debt covenants.
This document summarizes SemGroup's first quarter 2018 earnings conference call. It discusses SemGroup's non-GAAP financial measures of Adjusted EBITDA and Total Segment Profit, which exclude certain items to make performance more comparable between periods. The document also warns that non-GAAP measures have limitations and should not be considered in isolation as substitutes for GAAP measures. Additionally, the document contains forward-looking statements regarding SemGroup's 2018 operating budget, capital expenditures plan, and recent capital raising activities totaling around $800 million.
Trilogy International Partners Inc. held an investor presentation in September 2019 to provide an overview of the company and its two main operating segments, 2degrees in New Zealand and NuevaTel in Bolivia. The summary discusses:
- 2degrees has seen strong double-digit revenue and subscriber growth in New Zealand in 2019. It operates in a stable three-player mobile market with opportunities for continued growth in postpaid subscribers and data adoption.
- NuevaTel closed a $100 million tower sale-leaseback agreement in Bolivia and launched fixed LTE services. The business is showing signs of stabilizing after pricing pressures and number portability issues impacted results in 2018.
- The presentation evaluates Trilogy
- Canadian Tire Corporation reported strong first quarter 2016 financial results, with consolidated revenue excluding petroleum increasing 4.3% and retail EBITDA rising 8.8%.
- Same store sales increased 1.0% at Canadian Tire, 7.6% at FGL Sports, and 0.8% at Mark's.
- Financial Services income before taxes was down 7.1% for the quarter due to lower loan growth and number of active accounts, though investments are aimed at driving growth in the second half of 2016.
- Higher income was reported at the Retail and CT REIT segments, though Financial Services income declined and expenses increased across segments.
This document provides an overview of SemGroup's non-GAAP financial measures and forward-looking statements. It defines Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit as non-GAAP measures used by management to evaluate performance that exclude certain items affecting comparability between periods. It cautions that non-GAAP measures should not be considered in isolation or as substitutes for GAAP measures. The document also notes that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
The document discusses SemGroup's non-GAAP financial measures of Adjusted EBITDA, Cash Available for Dividends (CAFD) and Total Segment Profit. It explains that Adjusted EBITDA removes certain selected items from net income to improve comparability between periods and includes a list of the types of items generally excluded. CAFD is based on Adjusted EBITDA less certain cash payments to analyze performance after obligations. Total Segment Profit represents revenue less costs and expenses, adjusted for certain items, and is how management assesses segment performance. The measures are used by management and may be presented to investors but have limitations as analytical tools.
Aimia reported its Q3 2016 highlights. Gross billings decreased 3.8% year-over-year but were down only 0.4% excluding foreign exchange impacts. Adjusted EBITDA increased to $60.5 million compared to $46.1 million in Q3 2015, with the margin expanding to 10.8% from 7.9%. Free cash flow before dividends paid was $86.7 million compared to $59 million driven by higher EBITDA, lower capital expenditures and tax refunds. On a trailing twelve-month basis, free cash flow per share increased over 20% to $0.55 compared to $0.67 in Q3 2015.
This document provides highlights from Aimia's Q4 2016 results, including forward-looking statements about Aimia's financial metrics and performance in 2017. It also defines and reconciles several non-GAAP financial measures used by Aimia to measure performance, such as adjusted EBITDA and free cash flow, noting that these measures are not comparable to similar measures used by other companies. Finally, it cautions that Aimia's forward-looking statements are based on assumptions that may prove to be incorrect and are subject to various risks and uncertainties.
Principal Financial Group reported strong second quarter 2015 earnings, with operating earnings up 11% year-over-year on a trailing twelve month basis. Key highlights included record assets under management of $540 billion, driven by $8.2 billion of net cash flows in the quarter. 87% of investment options were in the top two Morningstar quartiles over 1- and 3-year periods. The company also announced capital deployment for the year would be at the upper end of the $800 million to $1 billion range.
The document provides an overview of SemGroup's non-GAAP financial measures and forward-looking statements. It discusses Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit, which are not GAAP measures. It also notes that SemGroup does not provide guidance for net income due to non-cash items that cannot be accurately forecasted. The document contains statements regarding SemGroup's prospects, plans, expectations and outlook that are considered forward-looking under securities laws, and are subject to risks and uncertainties.
The document discusses Principal Financial Group's use of non-GAAP financial measures in its financial reporting. It states that the company uses several non-GAAP measures that management believes are useful for investors to evaluate performance, but notes they are not a substitute for GAAP measures. The company provides reconciliations of non-GAAP measures to the most directly comparable GAAP measures. It also notes some operational measures used that do not qualify as non-GAAP financial measures.
SemGroup reported fourth quarter and full-year 2017 results. Key highlights include $111 million in Adjusted EBITDA for Q4 and $328 million for the full year. SemGroup also executed several strategic transactions including a $350 million preferred equity raise, selling its interest in Glass Mountain Pipeline for $300 million, and estimated proceeds of $140 million from selling SemMaterials Mexico and SemLogistics assets. SemGroup provided 2018 Adjusted EBITDA guidance of $385-$415 million and capital expenditures guidance of $40 million for maintenance spending.
Principal Financial Group is a 136-year-old Fortune 500 company that provides retirement and investment services, asset management, and insurance solutions. It has $516 billion in assets under management from its divisions, which include Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. The company uses non-GAAP measures to evaluate performance alongside GAAP, and provides reconciliations between the two. It operates globally and has over 20 million customers.
- Aimia changed its organizational structure from a regional to line of business structure effective January 1, 2016 to focus on its core loyalty businesses. The new structure has 3 operating segments: Americas Coalitions, International Coalitions, and Global Loyalty Solutions.
- In 2015, Aimia's gross billings were $2.5 billion, with 61% from Americas Coalitions, 29% from International Coalitions, and 10% from Global Loyalty Solutions. Adjusted EBITDA was $263 million.
- The new structure aims to simplify Aimia's operations, focus the company on data-driven marketing and loyalty analytics for growth, and provide supplemental financial information on the segments.
In 3 sentences:
Aimia reported strong financial results for Q4 2014 and FY 2014, meeting or exceeding guidance across key metrics like gross billings and adjusted EBITDA. The Aeroplan program transformation delivered exceptional growth results but also impacted margins as expected due to factors like welcome bonus miles and marketing programs. While some challenges were expected from economic factors in certain regions, Aimia provided guidance for continued growth in 2015 supported by its global coalition programs and proprietary loyalty solutions.
TCF Financial Corporation presented its 1Q20 earnings. Key highlights included:
- Loan and lease growth of 3.5% year-over-year driven by 12.4% commercial growth, while deposit growth was 2.0% year-over-year.
- Integration of the merger of equals with Chemical Financial remains on track despite COVID-19 challenges.
- Diluted EPS was $0.32 but was adjusted to $0.57. ROATCE was 5.4% but adjusted to 9.2%
Rich shares his framework for digital marketing that will increase your online visibility, drive more qualified traffic to your site, and improve your conversion rates.
Rich Brooks is founder and president of flyte new media, a web design and marketing firm in Portland, Maine. He is a nationally recognized speaker on entrepreneurship, digital marketing and social media.
He is a founder of The Agents of Change, an annual conference, podcast, and blog, all about search, social & mobile marketing.
He is also a regular contributor at SocialMediaExaminer.com, the world’s most popular social media marketing blog.
He is the “tech guru” on WCSH Channel 6’s evening news show, 207, and teaches web marketing and social media courses for entrepreneurs at the University of Southern Maine's Center for Continuing Education.
This document provides emulator fact sheets for various classic game consoles and arcade machines that can be emulated on the Caanoo handheld device. It includes 18 emulator fact sheets that detail the file directories and button mappings for emulators like MAME4ALL, Snes9x4C, gpSP and others. Each fact sheet summarizes the emulator, supported system, file locations and button functions in 1-3 sentences.
This document provides highlights from Aimia's Q1 2017 results, including forward-looking statements about certain financial metrics for 2017. Such statements involve assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. It also contains non-GAAP financial measures and reconciliations to GAAP measures. The document cautions that the assumptions used to make forward-looking statements about 2017 may prove incorrect or inaccurate.
This document highlights Aimia's Q2 2016 results and provides forward-looking statements about Aimia's financial metrics and performance in 2016. It cautions that these forward-looking statements are based on assumptions that may prove to be incorrect and are subject to various risks and uncertainties. It also notes that Aimia's actual results could differ materially from the forward-looking statements presented. The document defines various non-GAAP financial measures used by Aimia and refers readers to Aimia's MD&A for reconciliations of these measures to comparable GAAP measures.
Sem group earnings presentation 4q & full year 2018 finalSemGroupCorporation
Fourth Quarter and Full-Year 2018 Results Earnings Conference Call February 27, 2019
The document discusses SemGroup's non-GAAP financial measures including Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit which are used to evaluate performance but are not substitutes for GAAP measures. It provides definitions and adjustments for each measure. The document also contains forward-looking statements regarding SemGroup's prospects, financial performance, annual dividend growth, and other matters which are subject to known and unknown risks that could cause actual results to differ.
Sem group earnings presentation 4q & full year-2018_finalSemGroupCorporation
Fourth Quarter and Full-Year 2018 Results Earnings Conference Call
In 3 sentences:
SemGroup reported adjusted EBITDA of $394 million for full-year 2018, an increase from $328 million in 2017. For 2019, SemGroup expects adjusted EBITDA between $420-465 million. SemGroup also provided 2019 capital expenditure guidance of $307 million, with $150 million allocated for growth projects in the U.S. and $230 million for the SemCAMS Midstream joint venture in Canada.
This document provides highlights from Aimia's Q4 2015 results and includes forward-looking statements about Aimia's financial metrics and performance in 2016. It cautions that Aimia's statements involve assumptions that may prove to be incorrect and do not account for special items or new transactions. It also defines several non-GAAP financial measures used by Aimia to evaluate performance and measure compliance with debt covenants.
This document summarizes SemGroup's first quarter 2018 earnings conference call. It discusses SemGroup's non-GAAP financial measures of Adjusted EBITDA and Total Segment Profit, which exclude certain items to make performance more comparable between periods. The document also warns that non-GAAP measures have limitations and should not be considered in isolation as substitutes for GAAP measures. Additionally, the document contains forward-looking statements regarding SemGroup's 2018 operating budget, capital expenditures plan, and recent capital raising activities totaling around $800 million.
Trilogy International Partners Inc. held an investor presentation in September 2019 to provide an overview of the company and its two main operating segments, 2degrees in New Zealand and NuevaTel in Bolivia. The summary discusses:
- 2degrees has seen strong double-digit revenue and subscriber growth in New Zealand in 2019. It operates in a stable three-player mobile market with opportunities for continued growth in postpaid subscribers and data adoption.
- NuevaTel closed a $100 million tower sale-leaseback agreement in Bolivia and launched fixed LTE services. The business is showing signs of stabilizing after pricing pressures and number portability issues impacted results in 2018.
- The presentation evaluates Trilogy
- Canadian Tire Corporation reported strong first quarter 2016 financial results, with consolidated revenue excluding petroleum increasing 4.3% and retail EBITDA rising 8.8%.
- Same store sales increased 1.0% at Canadian Tire, 7.6% at FGL Sports, and 0.8% at Mark's.
- Financial Services income before taxes was down 7.1% for the quarter due to lower loan growth and number of active accounts, though investments are aimed at driving growth in the second half of 2016.
- Higher income was reported at the Retail and CT REIT segments, though Financial Services income declined and expenses increased across segments.
This document provides an overview of SemGroup's non-GAAP financial measures and forward-looking statements. It defines Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit as non-GAAP measures used by management to evaluate performance that exclude certain items affecting comparability between periods. It cautions that non-GAAP measures should not be considered in isolation or as substitutes for GAAP measures. The document also notes that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
The document discusses SemGroup's non-GAAP financial measures of Adjusted EBITDA, Cash Available for Dividends (CAFD) and Total Segment Profit. It explains that Adjusted EBITDA removes certain selected items from net income to improve comparability between periods and includes a list of the types of items generally excluded. CAFD is based on Adjusted EBITDA less certain cash payments to analyze performance after obligations. Total Segment Profit represents revenue less costs and expenses, adjusted for certain items, and is how management assesses segment performance. The measures are used by management and may be presented to investors but have limitations as analytical tools.
Aimia reported its Q3 2016 highlights. Gross billings decreased 3.8% year-over-year but were down only 0.4% excluding foreign exchange impacts. Adjusted EBITDA increased to $60.5 million compared to $46.1 million in Q3 2015, with the margin expanding to 10.8% from 7.9%. Free cash flow before dividends paid was $86.7 million compared to $59 million driven by higher EBITDA, lower capital expenditures and tax refunds. On a trailing twelve-month basis, free cash flow per share increased over 20% to $0.55 compared to $0.67 in Q3 2015.
This document provides highlights from Aimia's Q4 2016 results, including forward-looking statements about Aimia's financial metrics and performance in 2017. It also defines and reconciles several non-GAAP financial measures used by Aimia to measure performance, such as adjusted EBITDA and free cash flow, noting that these measures are not comparable to similar measures used by other companies. Finally, it cautions that Aimia's forward-looking statements are based on assumptions that may prove to be incorrect and are subject to various risks and uncertainties.
Principal Financial Group reported strong second quarter 2015 earnings, with operating earnings up 11% year-over-year on a trailing twelve month basis. Key highlights included record assets under management of $540 billion, driven by $8.2 billion of net cash flows in the quarter. 87% of investment options were in the top two Morningstar quartiles over 1- and 3-year periods. The company also announced capital deployment for the year would be at the upper end of the $800 million to $1 billion range.
The document provides an overview of SemGroup's non-GAAP financial measures and forward-looking statements. It discusses Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit, which are not GAAP measures. It also notes that SemGroup does not provide guidance for net income due to non-cash items that cannot be accurately forecasted. The document contains statements regarding SemGroup's prospects, plans, expectations and outlook that are considered forward-looking under securities laws, and are subject to risks and uncertainties.
The document discusses Principal Financial Group's use of non-GAAP financial measures in its financial reporting. It states that the company uses several non-GAAP measures that management believes are useful for investors to evaluate performance, but notes they are not a substitute for GAAP measures. The company provides reconciliations of non-GAAP measures to the most directly comparable GAAP measures. It also notes some operational measures used that do not qualify as non-GAAP financial measures.
SemGroup reported fourth quarter and full-year 2017 results. Key highlights include $111 million in Adjusted EBITDA for Q4 and $328 million for the full year. SemGroup also executed several strategic transactions including a $350 million preferred equity raise, selling its interest in Glass Mountain Pipeline for $300 million, and estimated proceeds of $140 million from selling SemMaterials Mexico and SemLogistics assets. SemGroup provided 2018 Adjusted EBITDA guidance of $385-$415 million and capital expenditures guidance of $40 million for maintenance spending.
Principal Financial Group is a 136-year-old Fortune 500 company that provides retirement and investment services, asset management, and insurance solutions. It has $516 billion in assets under management from its divisions, which include Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. The company uses non-GAAP measures to evaluate performance alongside GAAP, and provides reconciliations between the two. It operates globally and has over 20 million customers.
- Aimia changed its organizational structure from a regional to line of business structure effective January 1, 2016 to focus on its core loyalty businesses. The new structure has 3 operating segments: Americas Coalitions, International Coalitions, and Global Loyalty Solutions.
- In 2015, Aimia's gross billings were $2.5 billion, with 61% from Americas Coalitions, 29% from International Coalitions, and 10% from Global Loyalty Solutions. Adjusted EBITDA was $263 million.
- The new structure aims to simplify Aimia's operations, focus the company on data-driven marketing and loyalty analytics for growth, and provide supplemental financial information on the segments.
In 3 sentences:
Aimia reported strong financial results for Q4 2014 and FY 2014, meeting or exceeding guidance across key metrics like gross billings and adjusted EBITDA. The Aeroplan program transformation delivered exceptional growth results but also impacted margins as expected due to factors like welcome bonus miles and marketing programs. While some challenges were expected from economic factors in certain regions, Aimia provided guidance for continued growth in 2015 supported by its global coalition programs and proprietary loyalty solutions.
TCF Financial Corporation presented its 1Q20 earnings. Key highlights included:
- Loan and lease growth of 3.5% year-over-year driven by 12.4% commercial growth, while deposit growth was 2.0% year-over-year.
- Integration of the merger of equals with Chemical Financial remains on track despite COVID-19 challenges.
- Diluted EPS was $0.32 but was adjusted to $0.57. ROATCE was 5.4% but adjusted to 9.2%
Rich shares his framework for digital marketing that will increase your online visibility, drive more qualified traffic to your site, and improve your conversion rates.
Rich Brooks is founder and president of flyte new media, a web design and marketing firm in Portland, Maine. He is a nationally recognized speaker on entrepreneurship, digital marketing and social media.
He is a founder of The Agents of Change, an annual conference, podcast, and blog, all about search, social & mobile marketing.
He is also a regular contributor at SocialMediaExaminer.com, the world’s most popular social media marketing blog.
He is the “tech guru” on WCSH Channel 6’s evening news show, 207, and teaches web marketing and social media courses for entrepreneurs at the University of Southern Maine's Center for Continuing Education.
This document provides emulator fact sheets for various classic game consoles and arcade machines that can be emulated on the Caanoo handheld device. It includes 18 emulator fact sheets that detail the file directories and button mappings for emulators like MAME4ALL, Snes9x4C, gpSP and others. Each fact sheet summarizes the emulator, supported system, file locations and button functions in 1-3 sentences.
Gazpacho recipe olmeda origenes best spanish foodOlmeda Orígenes
This recipe provides instructions for making a traditional Andalucian gazpacho soup using tomatoes, peppers, cucumber, garlic, olive oil, vinegar, and water. The key steps are to clean and chop the vegetables, blend them into a light cream, season with salt, vinegar and olive oil, then chill in the fridge before serving and garnishing with fresh herbs.
Maneuver Warfare and Other Badass Habits of a Lean Product Developer Marko Taipale
This document discusses how to become a lean product developer by adopting habits that focus on efficiency and continuous learning. It recommends "leaning" business ideas through customer validation, building solutions faster or not at all using just-in-time implementation, and continuously measuring what matters to optimize the system and throw away waste. The document emphasizes learning by getting customer feedback, formulating hypotheses to test, using A3 problem solving templates, and shipping solutions frequently to learn from real-world use. The overall message is that respecting people, understanding purpose, improving continuously, and engaging customers are key habits of lean product development.
This session described changes to the AIIM CIP program, reviewed the outline of the 2016 CIP exam, described how to participate in the beta program, and how to register for, prepare for, and maintain the CIP through CEUs.
ای بسیاری از افراد که به نوعی با وبسایت و طراحی آن سر و کار دارند، این پرسش به وجود بیاید که چگونه میتوانند رتبه سایت خود را در میان نتایج جستجو ارتقا دهند و بیشترین بازدیدکننده را از طریق موتورهای جستجو جذب نمایند. در این مطلب قصد داریم به زبانی کاملاً ساده و گویا، مفهوم SEO و پایه ای ترین روشهای سئو و بهینه سازی سایت برای موتورهای جستجو را بیان نماییم.
10 ways to improve SEO rankings include conducting a full website audit to identify issues, writing content for readers using targeted keywords, improving on-page structure with elements like H1 tags and alt text, avoiding low-quality links and adding content to social bookmarking sites and utilizing social sharing buttons. Other tips involve removing duplicate content, including keywords in URLs, and frequently adding new relevant content.
Parametric Technology Corporation (PTC) is a software company founded in 1985 that develops, markets, and supports CAD/CAM, engineering calculation, and product lifecycle management software. PTC has over 5,500 employees and serves customers in manufacturing, publishing, services, government, and life sciences industries. Its main products help with product design, simulation, and management across industries such as aerospace, automotive, industrial equipment, and medical devices.
Super Powered SEO Tips for Auto DealersGreg Gifford
Presented on Tuesday August 18, 2015 as a Digital Dealer Webinar.
Looking for a few super powered SEO tips for your dealership? You've come to the right place. In this webinar presentation, I'm going to cover everything you need to know about Local SEO. Don't know what Local SEO is? No worries, I cover that too.
Learn which signals influence local relevancy and rankings in local searches, and learn how to optimize those signals for your dealership. Even better - if you prefer to have a provider handle your SEO, I share several simple tips for spotting the shady providers that won't do anything but take your money.
This is the crash course in Automotive SEO that you've been looking for - and it'll help you plan a solid roadmap for success in local search results in 2016.
How to charge what you are worth for solo-based businessesJackie B Peterson
Under charging is the main reason for failure when you're working for yourself. Learn how to stop sabotaging your efforts and set yourself up for success.
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This document summarizes the key points from Principal Financial Group's third quarter 2014 earnings call. It discusses Principal's continued strong financial performance, including record operating earnings of $354 million. It highlights the continued execution across Principal's business segments, including strong investment performance, net cash flows, and returns. The document also provides an overview of Principal's capital deployment activities and upcoming investor events.
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Similar to LPL_Presentation_-_Q4_2014_-_12_8_14 (20)
1. LPL Financial Member FINRA/SIPC
1Member FINRA/SIPC
December 10, 2014
THE LPL FINANCIAL OPPORTUNITY
2. LPL Financial Member FINRA/SIPC
2
SAFE HARBOR DISCLOSURE AND NON-GAAP
FINANCIAL MEASURES
Statements in this presentation regarding LPL Financial Holdings Inc.'s (the “Company”) future financial and operating results, outlook, growth, plans, strategies, future market
position, ability and plans to repurchase shares and pay dividends in the future, and goals, including forecasts and statements relating to future efficiency gains, scale and projected
expenses, and future results of the Company’s cash sweep programs, including the statements on the slides entitled “Latent earnings potential in the business model with a benefit
from an interest rate recovery”, “Capital-light model supports opportunity to return capital to shareholders”, “Commitment to improving efficiency”, “2015 core G&A outlook, excluding
regulatory charges”, “Focus on executing on our core opportunities within our existing business model for 2015”, “Capitalizing on favorable industry trends”, “Cash sweep opportunity”
and “ICA bank spread outlook”, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking
statements. These forward-looking statements are based on the Company's historical performance and its plans, estimates and expectations as of December 9, 2014. Forward-
looking statements are not guarantees that the future results, plans, intentions or expectations expressed or implied by the Company will be achieved. Matters subject to forward-
looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause actual financial or
operating results, levels of activity, or the timing of events to be materially different than those expressed or implied by forward-looking statements. Important factors that could cause
or contribute to such differences include: changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of advisory and
brokerage assets; fluctuations in levels of net new advisory assets and the related impact on fee revenue; effects of competition in the financial services industry; changes in the
number of the Company's financial advisors and institutions, their ability to market effectively financial products and services, and the success of the Company’s initiatives designed to
engage them; changes in interest rates and fees payable by banks participating in the Company's cash sweep programs, including the Company's success in negotiating agreements
with current or additional counterparties; the effect of current, pending and future legislation, regulation and regulatory actions, including disciplinary actions imposed by securities
regulators or self-regulatory organizations; the costs of settling and remediating issues related to pending or future regulatory matters; execution of the Company’s plans related to the
Service Value Commitment (“SVC”), including the Company’s ability to successfully transform and transition business processes to third party service providers; the Company’s
success in negotiating and developing commercial arrangements with third party service providers that will enable the Company to realize the service improvements and efficiencies
expected to result from the SVC or other initiatives; the performance of third party service providers to which business processes are transitioned from the Company; the Company’s
success in negotiating and developing commercial arrangements with third party technology providers that will enable the Company to realize the improvements and efficiencies
expected to result from such technology, including with respect to supervision and oversight of advisor activities; the Company’s ability to control operating risks, information
technology systems risks and sourcing risks; the Company's success in integrating the operations of acquired businesses; and the other factors set forth in Part I, “Item 1A. Risk
Factors” in the Company's 2013 Annual Report on Form 10-K as may be amended or updated in its quarterly reports on Form 10-Q. Except as required by law, the Company
specifically disclaims any obligation to update any forward-looking statements as a result of future developments, even if its estimates change, and you should not rely on those
statements as representing the Company's views after December 9, 2014.
Adjusted Earnings represent net income before: (a) employee share-based compensation expense, (b) amortization of intangible assets resulting from various acquisitions, (c) debt
extinguishment costs, (d) restructuring and conversion costs, (e) equity issuance and related offering costs and (f) other. Reconciling items are tax effected using the income tax rates
in effect for the applicable period, adjusted for any potentially non-deductible amounts. Adjusted Earnings per share represents Adjusted Earnings divided by weighted average
outstanding shares on a fully diluted basis. The Company prepares Adjusted Earnings and Adjusted Earnings per share to eliminate the effects of items that it does not consider
indicative of its core operating performance. The Company believes these measures provide investors with greater transparency by helping illustrate the underlying financial and
business trends relating to results of operations and financial condition and comparability between current and prior periods. Adjusted Earnings and Adjusted Earnings per share are
not measures of the Company's financial performance under GAAP and should not be considered as an alternative to net income or earnings per share or any other performance
measure derived in accordance with GAAP, or as an alternative to cash flows from operating activities as a measure of profitability or liquidity.
3. LPL Financial Member FINRA/SIPC
3
We are the leading financial services provider to independent advisors,
RIAs and financial institutions
1 Financial Planning magazine 1996-2014 based on total revenue 2 Consists of $465 billion in retails assets and $110 billion in retirement plan assets
3 Clearing clients include over 4,000 additional advisors affiliated with insurance companies 4 Retirement plan assets are not custodied by LPL
Independent Advisor Services
~8,600 advisors
$269 billion assets served
Institution Services
Over 700 banks, credit unions
and clearing clients3
$112 billion assets served
Hybrid RIA
Over 300 firms
$84 billion assets served
Retirement Partners
~40,000 plans
$110 billion in assets4
Focus on chosen
markets#1 independent broker-dealer for
19 straight years
13,910
advisors
$575 billion
in assets2
1
4. LPL Financial Member FINRA/SIPC
4
Our differentiated business model drives market share growth
LPL Custodian Employee Independent
Enables independence
Integrated brokerage and RIA
advisory platform
Robust technology and service
support
Focused business model
Supports an array of advisor
practices
Superior economics
Differentiated model
1.7%
4.5%4.8%
11.3%
Total advisors Independent
advisors
2004 2013
LPL Financial market share by
headcount1
1 Cerulli Lodestar - Intermediary. Independent advisors includes IBD’s, independent RIAs and dual RIAs as defined by Cerulli.
5. LPL Financial Member FINRA/SIPC
5
Capitalizing on favorable industry trends
$9
$14
n/a
2008 2013 2018E
Independent Employee
69%
31%
66%
34%
61%
39%
($ in trillions)
1,466
1,191 1,185
370 318 40
(100)
(1,181)
LPL Financial Edward
Jones
Raymond
James
Merrill Lynch UBS Ameriprise Wells Fargo Morgan
Stanley
(Q1’11 – Q3’14)
1 Cerulli - The State of U.S. Retail and Institutional Asset Management 2014
2 Based on the number of broker-dealer affiliated advisors reported from publicly disclosed information since 12/31/10, inclusive of acquisitions
Retail Asset Market Share by
Channel1 Net New Advisors2
6. LPL Financial Member FINRA/SIPC
6
#1
destination for advisors
considering a move in 20131
#1
in net new advisor growth
over the past four years2
97%
production
retention - Sept YTD 2014
We offer a leading end-to-end solution leveraged across our
markets to attract and retain advisors and institutions
1 Cogent 2013 Advisor Migration Trends
2 Based on the number of broker-dealer affiliated advisors reported from publicly disclosed information since 12/31/10 through 9/30/14
Comprehensive
clearing and
compliance
services
Independent
research
Scalable
investment
platforms
Consultative
practice
management
programs
Integrated technology platform
End-to-endsolution
8. LPL Financial Member FINRA/SIPC
8
Results include significant declines in cash sweep revenue
($ in millions)
$18.7 $21.5 $22.8 $23.8
Average Cash Sweep Balances ($bn)
$201
$120 $120 $127 $138 $120 $102
$17
$145 $135
$162
$176 $231 $247
2008 2009 2010 2011 2012 2013 TTM Q3'14
Cash Sweep Revenue Cash Sweep Potential
$24.8
Average Cash Sweep Yield (bps)
64 61 62 4250
Note: The revenue potential assumes a max fee of 185 bps in the insured cash account (ICA) program and 55 bps in the money market fund (MMF) program. Refer to the appendix for additional information.
57113
$20.3$19.4
Cash Sweep Revenue
9. LPL Financial Member FINRA/SIPC
9
Latent earnings potential in the business model with a benefit
from an interest rate recovery
$1.71
$1.95 $2.03
$2.44 $2.41
$0.63
$0.72
$0.80
$1.09 $1.21
$2.34
$2.67
$2.83
$3.53 $3.62
2010 2011 2012 2013 TTM Q3'14
Adj. EPS Cash Sweep Potential
1 Based on the benefit from rising interest rates on cash sweep revenue, using quarterly end of period average asset balances and cash sweep yields, and assuming a max fee of 185 bps in ICA
and 55 bps in MMF. Analysis includes an assumption on the impact of rising interest rates on our floating rate term loans.
1
Adjusted Earnings per share
10. LPL Financial Member FINRA/SIPC
10
Capital-light model supports opportunity to return capital to
shareholders
1 As of October 29, 2014
112 111
106
102
2011 2012 2013 YTD Q3'14
(in millions)
Return of Capital Fully Diluted Shares
$89
$199 $219 $200
$249
$68
$72
$89
$448
$287
$272
2011 2012 2013 2014 to date
Share Repurchases Dividends
(in millions)
2012 includes a special dividend of $223 million
1
$2.71 $2.67
Return of capital per share
$4.04$0.79
11. LPL Financial Member FINRA/SIPC
11
6%
7%
11%
13%
8%
2010 2011 2012 2013 YTD Q3'14
Core G&A YoY growth rate ex. reg. charges
Commitment to improving efficiency
$143
$150
$159 $164 $161 $163 $163
$3
$2
$3
$1 $8
$23
$146 $150
$161
$167 $162
$171
$186
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14
Core G&A ex. reg. charges Regulatory charges
1 2012 – 2014 excludes regulatory charges; expenses prior to 2012 include regulatory charges which
in the aggregate were not material
Core G&A ex-regulatory charges has
flattened over the last four quarters
Technology, compliance and risk
management investment elevated expense
in 2012 and 2013
1
$543 $616
Core G&A ($ in mm)
$490$459 $486
$9 $8---- $32
Ex-reg
Reg1
12. LPL Financial Member FINRA/SIPC
12
6%
4.5% (2% - 3%)
2014
Core G&A
Volume & Inflation Investments Efficiency 2015
Core G&A
2015 core G&A outlook, excluding regulatory charges
Overall outlook - Total core G&A growth excluding regulatory charges expected to be 7.5%-8.5% for 2015
Volume and inflation growth – driven by expenses related to an increase in advisor headcount and client accounts,
and normalization for compensation
Investments - ~50% of growth related to annualization of 2014 spend; remaining investment in 2015 is primarily
focused on compliance and risk management projects
Efficiency - driven by completion of SVC, employing Lean principles and expanding procurement efforts
Long-term
Strategy
Long-term outlook - Manage core G&A in mid-single digits excluding regulatory charges to maintain sufficient spend to
strengthen the Company’s position to gather and retain assets and to generate margin expansion
2015Outlook
7.5% - 8.5%
13. LPL Financial Member FINRA/SIPC
13
Focus executing on core opportunities within our existing business
model for 2015
Expand market share across four existing business lines
Continued growth in fee-based business
Drive adoption of retirement plan services
Retain upside to rising interest rates
Balance core G&A expense to support long-term growth and opportunity for margin expansion
Focus investment in compliance and risk management capabilities to lower risk profile
Complete service value commitment which will reduce our cash expenses and EBITDA adjustments
Continue to reinvest organically in the business to support growth and return capital to shareholders
through dividends and share repurchases
Continue to manage capital structure to 2x – 3x leverage and utilize capital-light nature of model to
drive shareholder returns
Expense
Capital
allocation
Revenue
15. LPL Financial Member FINRA/SIPC
15
Commission
50%
Advisory
29%
Asset-Based
10%
Transaction
and Other
Fees
9%
Other
2%
Net Revenue= $4.1 bn
Commission
13%
Advisory
20%
Asset-
Based
35%
Transaction
and Other
Fees
29%
Other
3%
Gross Margin = $1.2 bn1
Diverse and recurring revenue streams
1 Gross Margin is a non-GAAP measure, defined as net revenues less production expenses
Recurring revenue = 65%
Trails
Sponsor
revenue and
cash sweep
Advisor and
account fees
1 Gross Margin is a non-GAAP measure, defined as net revenues less production expenses
Attachment revenue, ex-
cash sweep revenue, grew
as a percent of advisor
production from 19% in
2006 to 23% in 2013
Adjusted EBITDA as a
percent of Gross Margin
was 41%
2013 Results
16. LPL Financial Member FINRA/SIPC
16
Cash sweep opportunity
ICA MMF Total
Assets1 ($ in bn) $16.7 $7.1 $23.8
Fee1 (bps) 58 7 42
Assumed max fee (bps) 185 55 145
Potential annualized
incremental EBITDA
($ in mm)2
$213 $34 $247
1 Based on the average balances and fees for the prior four quarters as of Q3’14
2 As interest rates rise, the Company may incur additional expense related to its loan facilities
ICA upside from FFER
recognized incrementally and
immediately as FFER improves
17. LPL Financial Member FINRA/SIPC
17
ICA bank spread outlook
Current
FFER
Beginning of
the Year Bank
Spread
Beginning
ICA Fee1
Estimated
Bank Spread
Compression2
Estimated
Ending
ICA Fee1
Year Ending
Bank Spread
FFER needed to
achieve 185 bps
target fee 3,4
EBITDA upside from
rise in interest rate
($mm)5
2014 9 53 62 ~7 ~55 46 ~260 ~$245
2015 9 46 ~55 ~13 ~42 33 ~280 ~$265
2016 9 33 ~42 ~22 ~20 11 ~325 ~$305+
+
+ =
=
=
Certain ICA bank contracts established in 2008 provide fees that are above market. As these contracts gradually
reset to market rates, the weighted average bank spread over FFER has and will continue to decline
We expect a ~13 bps step-down in our bank spread in Q1 2015
Assuming FFER remains flat in 2015, this would result in a ~$20 mm revenue and EBITDA headwind based on
current balances
The anticipated 2016 ending bank spread is approximately within the range of current market rates
As interest rates rise, LPL Financial may incur additional interest expense related to its loan facilities
1 The ICA fee is based on average balances in 2014 through 9/30/14 and assumes a flat FFER of 9 basis points. An increase in balances may lead to further ICA bank fee compression
2 The majority of bank spread compression historically has occurred in the first quarter
3 Page 13 - 14 of the Q3 2014 Financial Supplement on the LPL Financial Investor Relations website under the Events section provides additional information of the mechanics of the ICA bank fee program as the FFER rises
4 Based on current balances and contracts, if the maximum bank spread compression occurs, the minimum FFER rate to maximize fees could increase up to approximately 350 bps
5 Does not include the potential as interest rates rise for the Company to incur additional expense related to its loan facilities
18. LPL Financial Member FINRA/SIPC
18
Adjusted Earnings per share reconciliation
(a) Generally, EBITDA Adjustments and amortization of intangible assets have been tax effected using a federal rate of 35.0% and the applicable effective state rate which was 3.30%, net of the federal tax benefit, for the periods presented,
except as noted below.
(b) Represents share-based compensation expense for equity awards granted to employees, officers and directors. Such awards are measured based on the grant date fair value and recognized over the requisite service period of the
individual awards, which generally equals the vesting period.
(c) Represents acquisition and integration costs resulting from various acquisitions, including changes in the estimated fair value of future payments, or contingent consideration, required to be made to former shareholders of certain acquired
entities.
(d) Represents organizational restructuring charges, conversion and other related costs incurred resulting from the expansion of the Company’s Service Value Commitment, the 2011 consolidation of UVEST Financial Services Group, Inc. and
the 2009 consolidation of Mutual Service Corporation, Associated Financial Group, Inc., Associated Planners Investment Advisory, Inc. and Waterstone Financial Group.
(e) Represents expenses incurred resulting from the early extinguishment, amending, restating, and repayment of amounts outstanding under our credit agreements.
(f) Represents equity issuance and offering costs for our IPO, which was completed in the fourth quarter of 2010.
(g) Represents amortization of intangible assets as a result of our purchase accounting adjustments from our merger transaction in 2005 and various acquisitions.
(h) Represents the expected tax benefit available to us from the accumulated net operating losses of Concord that arose prior to our acquisition of CCP; such benefits were recorded in the third quarter of 2012.
(i) Represents adjusted Earnings, a non-GAAP measure, divided by weighted-average number of shares outstanding on a fully diluted basis.
The reconciliation from net income to Adjusted Earnings and Adjusted Earnings per share, a non-
GAAP measure, for the periods presented is as follows (in thousands):
TTM September
2014 2013 2012 2011 2010
(unaudited)
Net income (loss) $173,916 $181,857 $151,918 $170,382 ($56,862)
After-Tax:
EBITDA Adjustments(a)
Employee share-based compensation expense(b) 13,632 11,109 13,161 11,472 8,400
Acquisition and integration related expenses(c) 7,700 10,919 11,106 (2,354) 7,638
Restructuring and conversion costs(d) 22,436 19,011 3,792 13,606 13,877
Debt amendment and extinguishment costs(e) - 4,916 10,274 - 23,477
Equity issuance and related offering costs(f) - - 4,262 1,272 149,568
Other 5,284 6,926 7,384 156 91
Total EBITDA Adjustments 49,052 52,881 49,979 24,152 203,051
Amortization of intangible assets(a)(g) 23,838 24,067 24,397 24,051 26,531
Acquisition related benefit for a net operating loss carry-forward(h) - - (1,265) - -
Adjusted Earnings $246,806 $258,805 $225,029 $218,585 $172,720
Adjusted Earnings per share(i) $2.41 $2.44 $2.03 $1.95 $1.71
Weighted-average shares outstanding - diluted 102,409 106,003 111,060 112,119 100,933