This presentation from February 2020 contains forward-looking statements about the Company's operations, financial performance, and risks. It notes that actual results could differ materially from what is presented. The document discusses the Company's global presence and advisory services in M&A, restructuring, and capital markets. It highlights the Company's consistent top performance, record revenues, healthy balance sheet, and commitment to returning capital to shareholders.
Planning a Start-up? Our private equity investment PowerPoint presentation slide is just what you need. These equity-based crowdfunding PPT templates will fill the gap between the investors and your company. Download from here: https://www.slideteam.net/private-equity-investment-deck-powerpoint-presentation-slides.html
2008 annual report for Sceptre Investment Counsel Limited (TSX: SZ), a Canada-based company engaged in the provision of investment management services. The Company provides expertise in five investment groups: domestic equities, foreign equities, domestic and foreign integrated equities, fixed income and asset mix.
Management Buyout MBO As Exit Option Powerpoint Presentation SlidesSlideTeam
Explain the benefits of management buyout as an exit strategy for both the buyer and seller by employing this business strategy PowerPoint Presentation Slides. Showcase your company’s background, vision, and mission along with the financial highlights through these company acquisition PPT templates. Exhibit the entire organizational structure, including the top management and team members, via this corporate finance transaction PPT slideshow. Create a roadmap displaying the milestones achieved and expected to attain by taking the aid of this business buyout PPT presentation. Illustrate the ownership pattern of shareholders using these leveraged buyout PPT layouts. You can utilize these invigorating PPT designs to display the current value of the company. Build confidence of the potential buyer by highlighting your balance sheet and cash flow projections with the help of these asset acquisition PowerPoint slides. Click the download button and put forward your objectives and aims in a well-organized format with this organizational revival PowerPoint deck. Distinctive additional slides provided at the end offer you the opportunity to create a winning presentation. https://bit.ly/3maMJo2
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Planning a Start-up? Our private equity investment PowerPoint presentation slide is just what you need. These equity-based crowdfunding PPT templates will fill the gap between the investors and your company. Download from here: https://www.slideteam.net/private-equity-investment-deck-powerpoint-presentation-slides.html
2008 annual report for Sceptre Investment Counsel Limited (TSX: SZ), a Canada-based company engaged in the provision of investment management services. The Company provides expertise in five investment groups: domestic equities, foreign equities, domestic and foreign integrated equities, fixed income and asset mix.
Management Buyout MBO As Exit Option Powerpoint Presentation SlidesSlideTeam
Explain the benefits of management buyout as an exit strategy for both the buyer and seller by employing this business strategy PowerPoint Presentation Slides. Showcase your company’s background, vision, and mission along with the financial highlights through these company acquisition PPT templates. Exhibit the entire organizational structure, including the top management and team members, via this corporate finance transaction PPT slideshow. Create a roadmap displaying the milestones achieved and expected to attain by taking the aid of this business buyout PPT presentation. Illustrate the ownership pattern of shareholders using these leveraged buyout PPT layouts. You can utilize these invigorating PPT designs to display the current value of the company. Build confidence of the potential buyer by highlighting your balance sheet and cash flow projections with the help of these asset acquisition PowerPoint slides. Click the download button and put forward your objectives and aims in a well-organized format with this organizational revival PowerPoint deck. Distinctive additional slides provided at the end offer you the opportunity to create a winning presentation. https://bit.ly/3maMJo2
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Document Security Systems (DSS) is a multinational company operating businesses focused
on brand protection technology, blockchain security, direct marketing, healthcare, real estate,
and securitized digital assets. Its business model is based on a distribution sharing system in
which shareholders will receive shares in its subsidiaries as DSS strategically spins them out
into IPOs. Its historic business revolves around counterfeit deterrent and authentication
technologies, smart packaging, and consumer product engagement. DSS is led by its seasoned
leaders with decades of industry experience.
David Paulsen, President Transamerica Distributors, talks Aegon’s strategy, the US insurance market, Transamerica’s products and services, and answers audience Q&As.
A bank for digital startups - Deutsche Handelsbank - NOAH19 LondonNOAH Advisors
FinTech & InsurTech: Company presentation by Jens Munk, co-CEO of Deutsche Handelsbank at the NOAH Conference London 2019, 30-31 October, Old Billingsgate.
Deutsche Handelsbank is a specialized bank for digital startups and growth companies that accompanies digital startups and growth companies from various industries along their way with growth financing, working capital, banking-as-a-service, and factoring solutions.
DSS Inc. (NYSE American: DSS) is a multinational company operating business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, and securitized digital assets. Its business model is based on a distribution sharing system in which shareholders will receive shares in its subsidiaries as DSS strategically spins them out into IPOs. DSS is led by its seasoned leaders with decades of industry experience.
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
2. This presentation contains forward looking statements, which reflect the
Company’s current views with respect to, among other things, its operations and
financial performance. You can identify these forward looking statements by the
use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,”
“may,” “will,” “should,” “seeks,” “target,” “approximately,” “predicts,”
“intends,” “plans,” “estimates,” “anticipates” or the negative version of these
words or other comparable words. Such forward looking statements are subject
to various risks and uncertainties. Accordingly, there are or will be important
factors that could cause actual outcomes or results to differ materially from those
indicated in these statements. For a further discussion of such factors, you
should read the Company’s filings with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update or
review any forward looking statement, whether as a result of new information,
future developments or otherwise.
Forward Looking Statements
[ 1 ]
3. Premier Global Independent Investment Bank
Global footprint
— 20 geographic locations in the Americas, Europe, the Middle East, Asia and Australia
Trusted advisor
— Focus on M&A, Restructuring, Capital Markets Advisory and Private Funds Advisory
World class coverage
— 126 MDs with an average of over 22 years of experience 1
Consistent Performance
— Top ten global M&A advisor for completed M&A 2
— Number one Global and US restructuring advisor 3
Strong growth with significant opportunities ahead
— Record 2H 2019 revenues of $455 million, the strongest six month period in Firm
history
Healthy balance sheet with strong cash position and no debt or goodwill
Commitment to return 100% of excess capital to shareholders
Notes:
1. As of 12/31/2019
2. Source: Dealogic – FY 2019 M&A Revenue
3. Source: Refinitiv – FY 2019 Completed Deals (by value) [ 2 ]
4. Moelis & Company Milestones
2007 – 2008
Founded and Raised Growth Capital from Global Institutional Investors
Hired Restructuring Team
2009 – 2010
Entered Hong Kong, China, India & Middle East
IPO in April 2014 (NYSE: MC)
Formed Private Funds Advisory Business
2011 – 2014
Expanded into Brazil & established German presence
Mexico Alliance with Alfaro, Dávila y Scherer, S.C.
Completed Energy Team build out
2015 – 2016
Australian Joint Venture listed on Australian Securities Exchange
Formed Shareholder Defense and Capital Solutions Group
Expansion into Continental Europe and the Benelux & Nordic Regions
2017 – 2019
Established European Business
Formed Joint Venture in Australia
Japan Alliance with SMBC/SMBC Nikko & $93 Million Investment
[ 3 ]
5. Our Business:
Relationships, Judgment and Experience
Los Angeles, US
London, UK
Hong Kong, CN
Japan
Strategic Alliance with
SMBC / SMBC Nikko
Boston, US
Dubai, UAEHouston, US
New York, USSan Francisco, US Beijing, CN
Frankfurt, DE
Mumbai, IN
Paris, FR
São Paulo, BR
Sydney, AUS
Joint Venture
Chicago, US
Melbourne, AUS
Joint Venture
Global footprint to serve client needs with over 600 bankers ¹
Washington, DC, US
Note:
1. As of 12/31/2019
Globally integrated platform valuable to clients and difficult to replicate
Mexico City, MX
Strategic Alliance
with Alfaro, Dávila y
Scherer, S.C.
Amsterdam, NL
[ 4 ]
6. Differentiated Model
Global
Collaboration
Global partnership approach
One firm P&L (non commission-based compensation)
Optimal structure for client advice and talent development
High ROIC
Profitable organic growth
Internal talent development (34% of current MDs are promotes) 1
Commitment to
Shareholders
Return 100% of excess cash
Disciplined expense management
Clean balance sheet with no debt or goodwill
Note:
1. As of 2/5/2020
[ 5 ]
7. Recent Transactions with Marquee Clients
Restructuring and Sale of
Aubstantially All Assets to
ESL Investments, Inc.
$5.5bn
Acquisition by
Expedia Group, Inc.
Sale to Cantel
Medical Corp.
Sale to Digital Realty, Inc.
Initial Public Offering
$2.6bn
$775mm
Restructuring
Acquisition of Twenty-First
Century Fox, Inc.
Acquisition of
Tarsus Group plc
Acquisition of AK Steel
Holding Corporation
£668mm
$3bn
All-Share Combination with
Flutter Entertainment plc
Sale to Goldman Sachs
Group, Inc.
Sale to Alkermes plc
Sale of Two Portfolios of
Mortgages and Unsecured
Loans
Up to $950mm
£4.9bn
Restructuring
CBS and Viacom
All-Stock Merger
Sale to Shiseido
Company, Limited
Sale to Brookfield
Infrastructure Partners LP
$845mm
$2.6bn
Acquisition of Banco
Santander Puerto Rico
Exchange of Cash and Class
C Common Stock for Class
V Tracking Stock
Sale to Nexstar
Media Group, Inc.
Common Stock
Commitment by CPPIB
$1.1bn
$21.7bn
$750mm
Exchange Offer, Consent
Solicitations, Term Loan
Amendment and Extension Exchange Offer
$4.4bn
€2.9bnTransformative Global
Collaboration with
Gilead Sciences, Inc.
Merger with Option Care
Enterprises, Inc.
$3.7bn
$750mm
$85.1bn $48bn
$7.2bn$8.4bn
$19bn
$29.4bn
(Incl. Greenshoe)
$5.1bn
$16.2bn €8.7bn
[ 6 ]
8. Compelling Investment Opportunity
Leading track record of growth
Differentiated model
— Strong partnership culture
— One-Firm philosophy with one global P&L
— Focus on internal development
Significant shareholder returns over last three years
— Returned $11.50 1 in cash per share in dividends
Strong, asset light balance sheet with no debt and no goodwill
Longer and steadier M&A cycle; leading restructuring franchise
despite low default environment
Continued maturation of global network
— ~ 25% of MDs have been MDs at the firm for three years or less
Note:
1. Includes dividends declared but not yet paid
[ 7 ]
9. Substantial Organic Growth and Cash
Flow Generation
Notes:
1. Based on fiscal year 2013 revenues of $411 million and fiscal year 2019 revenues of $747million
2. Represents dividend contemplated at time of IPO
3. Includes dividends declared but not yet paid
4. Includes dividends, special dividends and share repurchases
Significant Growth Since
our IPO…
Generates High Cash
Returns
With Focus on Managing
the Business…
82% 1 revenue growth
86 MDs at IPO and 126
today
Entered new markets,
sectors and products
Raised regular dividend
200% from $0.17 2 to $0.51
per quarter
Returned $17.56 3 in cash
per share in dividends
Returned over 65% of IPO
price in dividends 3
Over $525 million
returned in capital with
respect to 2018 and 2019
performance years 3,4
No debt
No acquisitions
No goodwill
Expense
management
[ 8 ]
10. Growth Drivers
Premier M&A Franchise Differentiated Model
Leading Restructuring
Team
Increasing Market Share
Strong fundamentals of
M&A remain in place
Technological disruption to
lead to longer cycle
Financial Sponsors need to
put capital to work
Global M&A volumes still
below peak 2007 levels 1
Maturation of MDs on global
platform
Expanding global brand
recognition
Collaborative model delivers
exceptional client advice
Intense focus on ROIC
Investment in talent
development
Significant Franchise Enhancement and Shareholder Value
Growing restructuring
business in low default
environment
#1 Ranking for US &
Worldwide Completed
Volumes in 2019 2
Named Top Restructuring
Adviser for the 2019 IFR
Awards
Notes:
1. Per Thomson Reuters as of January 3, 2020; based on announced deal volumes > $100mm for the twelve months ended 12/31/2019
2. Source: Refinitiv – FY 2019 Completed Deals (by value)
[ 9 ]
11. Strong Record of Organic Growth
MOELIS & COMPANY REVENUES ($MM)
M&A Y-o-Y
Change 1 13.7% (3.0%) (4.0%) 11.9% (4.5%) (6.9%) (1.2%) (3.4%) (8.0%)
Default Rates 2
1.9% 2.6% 2.8% 2.1% 2.5% 4.4% 3.4% 3.0% 2.4%
Source: Thomson Reuters
Notes:
1. Based on global completed number of M&A transactions greater than $100 million for the twelve month period ended 12/31/2019
2. Based on average trailing twelve month default rate from Moody’s “Annual Default Study: Corporate Default and Recovery Rates”
$268
$386 $411
$519
$552
$613
$685
$747
2011 2012 2013 2014 2015 2016 2017 2018 2019Market
Metrics
$886
[ 10 ]
12. Strong Balance Sheet and Disciplined
Capital Management
Strong financial position
— Cash and liquid investments of $342 million 1
— No debt or goodwill
Minimal capital requirements
Commitment to return all excess capital to shareholders through dividends
and share repurchases
— Record level of open market share repurchases in 2019
— Declared special dividend of $0.75 per share in Q1 2020; eighth special
dividend declared in Firm history
— Increased regular quarterly dividend by 2% to $0.51 per share; seventh
regular quarterly dividend increase
— Board of Directors authorized $100 million repurchase plan in Q1 2019
Note:
1. As of 12/31/2019 [ 11 ]
13. Moelis & Company: Leading Dividend Yield
Note:
1. Includes all regular and special dividends declared with respect to Moelis’s activities related to each fiscal year. Dividend yield calculated based on average share price
during each fiscal year ended December 31
Commitment to Return Excess Cash to Shareholders
1
[ 12 ]
$0.60
$1.10 $1.31
$1.58
$1.91 $2.01$1.00
$0.80
$1.25
$2.50
$2.75
$0.75
$1.60
$1.90
$2.56
$4.08
$4.66
$2.76
4.9%
6.5%
9.6%
10.3%
8.9%
7.6%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
$-
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
2014 2015 2016 2017 2018 2019
Regular Dividends Special Dividends Dividend Yield
15. Reconciliation of GAAP to
Adjusted (non-GAAP) Financials
Source: Company filings
Note:
1. Includes amortization of equity awards granted to employees and MDs in connection with the IPO; includes reclassification associated with the forfeiture of fully vested
awards and enforcement of non-compete provisions and reflects the reclassification of compensation and benefits expense associated with the Firm's gain on its sale of 20.5
million shares of Moelis Australia.
Our Adjusted results apply certain adjustments from our GAAP results, including the assumption that 100% of the Firm’s full year 2019 income was
taxed at our corporate effective tax rate. We believe the Adjusted results, when presented together with comparable GAAP results, are useful to
investors to compare our performance across periods and to better understand our operating results.
Twelve Months Ended December 31, 2019
($ in thousands) U.S. GAAP Adjustments
Adjusted
(non-GAAP)
Revenues $746,534 - $746,534
Expenses
Compensation and Benefits $488,439 $(18,185)¹ $470,254
Non Compensation Expenses $143,552 - $143,552
Total Operating Expenses $631,991 $(18,185) $613,806
Operating Income $114,543 $18,185 $132,728
Compensation Ratio 65.4 % 63.0 %
Non-Compensation Ratio 19.2 % 19.2 %
Operating Income Margin 15.3 % 17.8 %
[ 14 ]
16. Quarterly Revenue Summary
QUARTERLY REVENUE (Q1 2013 – Q4 2019) ($MM)
Source: Company filings
Note: Management primarily focuses on annual revenue measures as revenues in any quarter may not be indicative of full year results and the results of any period may vary
significantly from quarter to quarter and year to year. For the purpose of understanding the Company’s historical experience for the 9-year period of 2010-2019, revenues on
average were distributed over the four calendar quarters as follows: Q1: 21%; Q2: 24%; Q3: 26%; Q4: 30%. The quarterly revenue data for Q1 2013 through Q4 2019 was
derived from our unaudited financial statements included in our Form 10-Qs and our audited financial statements included in our Form 10-Ks. The quarterly revenue data
for 2010, 2011 and 2012 was prepared on substantially the same basis as the unaudited financial statements in our Form 10-Qs and our audited financial statements in our
Form 10-Ks and includes all normal and recurring adjustments that we consider necessary for a fair presentation of revenue for these periods
1. Sum of four quarters may not add up to 100% due to rounding
% of Full Year
Revenue 1 15% 24% 24% 38% 22% 25% 25% 28% 18% 23% 28% 32% 21% 21% 25% 33% 25% 25% 25% 25% 25% 25% 23% 27% 18% 21% 31% 30%
$60
$99 $99
$154
$115
$132 $129
$144
$99
$126
$152
$175
$126
$132
$151
$205
$173 $172 $170 $169
$219 $220
$208
$238
$138
$154
$232
$224
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2013 2014 2015 2016 2017 2018 2019
[ 15 ]
17. 51.6
10.4
2.6
4.7 69.3
20.0
30.0
40.0
50.0
60.0
70.0
80.0
Basic Class A
Common Shares
Class A Partnership
Units Held by EOs &
MDs
Class A Partnership
Units Held by Pre-IPO
Strategic Investor
Unvested RSUs and
Options
Diluted Class A
Shares / Exchangeable
Units
(As Adjusted)
Share Count Breakdown
Notes: Data represents weighted-average for the three month period ending December 31, 2019
1. Includes 1.9 million undelivered awards with no remaining service requirement
2. Includes former Managing Directors and Employees
3. In April 2020, all outstanding Class A Partnership Units will be off of lock-up
4. As calculated under the treasury stock method
For the Three Months
ended December 31, 2019
(shares in millions)
2, 3
1 4
[ 16 ]
18. %ofTotalDealCount
Source: Dealogic
Note: Percentage represents percent of total company deal count; based on completed M&A transactions from 1/1/2017 to 12/31/2019; excludes transactions less than $100
million and those with no transaction value disclosed
Historical Deal Distribution by
Transaction Size
[ 17 ]
43% 41%
49%
56%
41%
36%
23%
16%
20%
23%
18%
21%
27%
28%
24%
16%
29% 33%
7%
15%
7% 5%
11% 10%
0%
20%
40%
60%
80%
100%
Moelis Evercore Greenhill Houlihan Lazard PJT
$100mm - $500mm $500mm - $1.0bn $1.0bn - $5.0bn > $5.0bn