First Quarter 2023 Earnings Conference Call

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#1IPG FIRST QUARTER 2023 EARNINGS CONFERENCE CALL Interpublic Group April 27, 2023#2Overview - First Quarter 2023 ● Total revenue including billable expenses was $2.5 billion Organic decrease of revenue before billable expenses ("net revenue") was -0.2%, against +11.5% a year ago US organic decrease was -0.9% International organic growth was +1.2% O Net income as reported was $126.0 million, with adjusted EBITA before restructuring charges of $210.8 million and 9.7% margin on revenue before billable expense Diluted EPS was $0.33 as reported and $0.38 as adjusted Repurchased 2.2 million shares returning $78 million to shareholders Organic change of Net Revenue, adjusted EBITA before Restructuring Charges and adjusted diluted EPS are non-GAAP measures. Management believes these metrics provide useful supplemental data that, while not a substitute for GAAP measures, allow for greater transparency in the review of our financial and operational performance. See our non-GAAP reconciliations of Organic Change of Net Revenue on page 14 and adjusted results on pages 15 and 18. Interpublic Group of Companies, Inc. 2 IFG#3Operating Performance Revenue Before Billable Expenses Billable Expenses Total Revenue Salaries and Related Expenses Office and Other Direct Expenses Billable Expenses Cost of Services Selling, General and Administrative Expenses Depreciation and Amortization Restructuring Charges Total Operating Expenses Operating Income Interest Expense, Net Other Expense, Net Income Before Income Taxes Provision for Income Taxes Equity in Net (Loss) Income of Unconsolidated Affiliates Net Income Net Income Attributable to Non-controlling Interests Net Income Available to IPG Common Stockholders Earnings per Share Available to IPG Common Stockholders - Basic Earnings per Share Available to IPG Common Stockholders - Diluted Weighted-Average Number of Common Shares Outstanding - Basic Weighted-Average Number of Common Shares Outstanding - Diluted Dividends Declared per Common Share ($ in Millions, except per share amounts) $ $ A LA Three Months Ended March 31, 2023 2022 2,176.9 $ 344.1 2,521.0 1,577.3 330.3 344.1 2,251.7 12.9 66.5 1.6 2,332.7 188.3 (15.6) (6.7) 166.0 33.8 (0.1) 132.1 (6.1) 126.0 $ 0.33 0.33 385.8 387.4 0.310 $ A A 2,227.2 341.3 2,568.5 1,564.4 323.4 341.3 2,229.1 19.3 67.8 6.6 2,322.8 245.7 (29.6) (6.2) 209.9 49.1 0.1 160.9 (1.5) 159.4 0.40 0.40 394.5 398.4 0.290 Interpublic Group of Companies, Inc. 3 IPG#4Revenue Before Billable Expenses Three Months Ended $ 2,227.2 March 31, 2022 Foreign currency Net acquisitions/(divestitures) Organic Total change March 31, 2023 $ $ (51.3) 5.1 (4.1) (50.3) 2,176.9 % Change (2.3%) 0.2% (0.2%) (2.3%) 2023 $ (1) Three Months Ended March 31, 960.8 $ 2022 (2) Media, Data & Engagement Solutions 973.7 (0.7%) IPG Mediabrands, Acxiom, and our digital and commerce specialist agencies, which include MRM, R/GA, and Huge 875.6 $ Integrated Advertising & Creativity Led Solutions 916.9 McCann Worldgroup, IPG Health, MullenLowe Group, FCB, and our domestic integrated agencies Specialized Communications & Experiential Solutions 340.5 $ Weber Shandwick, Golin, our sports, entertainment and experiential agencies, and DXTRA Health 336.6 Change (1) "Net Revenue". (2) Results for the three months ended March 31, 2022 have been recast to reflect the transfer of certain agencies between reportable segments. See reconciliation of Organic Change of Net Revenue change on page 14. Note: Revenue Before Billable Expenses was previously referred to as Net Revenue. in Millions) Organic (0.9%) 3.3% Total (1.3%) (4.5%) 1.2% Interpublic Group of Companies, Inc. IPG#521 Organic Change of Net Revenue by Region Three Months Ended March 31, 2023 -0.9% United States "All Other Markets" includes Canada, the Middle East and Africa. Circle proportions represent consolidated Net Revenue distribution. See reconciliation of Organic Change of Net Revenue, including total Net Revenue change, on page 14. +3.9% Latin America +2.9% United Kingdom -4.0% Continental Europe +1.2% International +9.3% All Other Markets -0.2% Worldwide -2.6% Asia Pacific Interpublic Group of Companies, Inc. Co 5 IPG#6Operating Expenses % of Revenue Before Billable Expenses Three Months Ended March 31 72.5% 2023 2.1% Salaries & Related 2023 Depreciation & Amortization 70.2% (1) Excludes amortization of acquired intangibles. 2022 2.0% 2022 (1) Office & Other Direct 15.2% 2023 1.0% 14.5% Amortization of Acquired Intangibles 2023 2022 1.0% 2022 Selling, General & Administrative 0.6% 2023 0.1% 2023 0.9% Restructuring Charges Interpublic Group of Companies, Inc. 2022 0.3% 2022 6 IPG#7Adjusted Diluted Earnings Per Share Operating Income and Adjusted EBITA before Restructuring Charges (2) Total (Expenses) and Other Income (3) Income Before Income Taxes Provision for Income Taxes Effective Tax Rate Equity in Net Loss of Unconsolidated Affiliates Net Income Attributable to Non-controlling Interests DILUTED EPS COMPONENTS: Net Income Available to IPG Common Stockholders Weighted-Average Number of Common Shares Outstanding Earnings per Share Available to IPG Common Stockholders (4) $ $ $ As Reported 188.3 (22.3) 166.0 33.8 20.4 % (0.1) (6.1) 126.0 387.4 0.33 Amortization of Acquired Intangibles $ $ Three Months Ended March 31, 2023 $ (20.9) (20.9) 4.2 (16.7) (1) Restructuring charges of $1.6 in the first quarter of 2023 represent adjustments to our restructuring actions taken in Q4 2022, as well as adjustments to the actions taken in 2020. (2) Refer to non-GAAP reconciliation of Adjusted EBITA before Restructuring Charges on page 16. (3) Consists of non-operating expenses including interest expense, interest income, and other expense, net. (4) Earnings per share amounts calculated on an unrounded basis. See full non-GAAP reconciliation of adjusted diluted earnings per share on page 15. ($ in Millions, pt per share amounts) $ $ (0.04) $ Restructuring Charges (1) (1.6) (1.6) 0.3 A (1.3) $ (0.00) $ Net Losses on Sales of Businesses (4.2) (4.2) 1.3 Adjusted Results (Non-GAAP) $ (2.9) $ (0.01) $ Interpublic Group of Companies, Inc. 210.8 (18.1) 192.7 39.6 20.6 % (0.1) (6.1) 146.9 387.4 0.38 7 IFG#8Cash Flow Net Income OPERATING ACTIVITIES: INVESTING ACTIVITIES: FINANCING ACTIVITIES: Net losses on sales of businesses Other non-cash items Deferred taxes ($ in Millions) Depreciation & amortization Change in working capital, net Change in other non-current assets & liabilities Net cash used in Operating Activities Capital expenditures Acquisitions, net of cash acquired Net proceeds from investments Other investing activities Net cash used in Investing Activities Common stock dividends Repurchases of common stock Tax payments for employee shares withheld Net (decrease) increase in short-term borrowings Distributions to noncontrolling interests Acquisition-related payments Other financing activities Net cash used in Financing Activities Currency effect Net decrease in cash, cash equivalents and restricted cash $ $ Three Months Ended March 31, 2023 2022 132.1 4.2 9.1 14.2 78.3 (695.2) (90.3) (547.6) (32.9) (4.0) 2.2 (34.7) (123.2) (77.8) (57.3) (12.0) $ (3.1) (1.1) 0.2 (274.3) (9.7) (866.3) $ 160.9 6.4 12.3 14.1 81.0 (865.4) (42.9) (633.6) (30.7) 2.6 (0.7) (28.8) (118.3) (63.1) (38.3) 13.9 (3.1) (1.1) (0.1) (210.1) 5.0 (867.5) Interpublic Group of Companies, Inc. 8 IPG#9Balance Sheet Current Portion CURRENT ASSETS: CURRENT LIABILITIES: ($ in Millions) - Cash and cash equivalents Accounts receivable, net Accounts receivable, billable to clients Assets held for sale Other current assets Total current assets Accounts payable Accrued liabilities Contract liabilities Short-term borrowings Current portion of long-term debt Current portion of operating leases Liabilities held for sale Total current liabilities A $ A $ March 31, 2023 1,678.1 3,792.8 2,153.7 5.9 540.4 8,170.9 6,460.6 538.5 692.8 27.7 0.6 234.6 5.2 7,960.0 $ $ December 31, 2022 2,545.3 5,316.0 2,023.0 5.9 435.0 10,325.2 8,235.3 787.1 680.0 44.3 0.6 235.9 9,983.2 $ $ March 31, 2022 2,402.3 4,179.9 2,155.3 30.4 502.1 9,270.0 7,245.3 590.9 760.0 59.1 Interpublic Group of Companies, Inc. 0.6 270.3 28.0 8,954.2 9 IPG#10Debt Maturity Schedule $28 2023 ($ in Millions) $250 4.20% 2024 2025 2026 Total Debt = $2.9 billion 2027 Short-Term Debt $500 4.65% 2028 2029 Senior Notes $650 4.75% 2030 $500 2.40% 2031 : $500 3.375% 2041 Interpublic Group of Companies, Inc. ... $500 5.40% 2048 10 IFG#11Summary Focus on driving growth and building on our long-term industry-leading foundation Strong agency brands Exceptional talent ● 0 0 0 Data capabilities at scale Creative and innovative marketing solutions Seamless delivery of "open architecture" solutions Effective expense management is an ongoing priority Flexible business model is positioned to address uncertainty Financial strength is a continued source of value creation O Interpublic Group of Companies, Inc. | 11 IPG#12IPG Appendix Interpublic Group of Companies, Inc. 12 IFG#13Depreciation and Amortization Depreciation and amortization (1) Amortization of acquired intangibles Amortization of restricted stock and other non-cash compensation Net amortization of bond discounts and deferred financing costs Depreciation and amortization (1) Amortization of acquired intangibles Amortization of restricted stock and other non-cash compensation Net amortization of bond discounts and deferred financing costs (1) Excludes amortization of acquired intangibles. in Millions) $ $ Q1 Q1 45.6 20.9 11.1 0.7 46.5 21.3 12.5 0.7 Q2 Q2 46.0 21.1 12.8 0.7 $ 2023 Q3 2022 Q3 46.8 20.2 12.7 0.8 Q4 Q4 50.0 $ 22.1 12.0 $ 0.8 YTD 2023 FY 2022 45.6 Interpublic Group of Companies, Inc. 20.9 11.1 0.7 189.3 84.7 50.0 3.0 13 IPG#14Reconciliation of Organic Change of Net Revenue Components of Change SEGMENT: GEOGRAPHIC: Media, Data & Engagement Solutions (2) Integrated Advertising & Creativity Led Solutions (3) Specialized Communications & Experiential Solutions (4) Total United States International United Kingdom Continental Europe Asia Pacific Latin America All Other Markets Worldwide $ $ $ Three Months Ended March 31, 2022 (¹) 973.7 916.9 336.6 2,227.2 1,470.1 757.1 182.4 179.3 174.6 87.7 133.1 2,227.2 (1) Results for the three months ended March 31, 2022 have been recast to reflect the transfer of certain agencies between reportable segments. (2) Comprised of IPG Mediabrands and Acxiom, and our digital and commerce specialist agencies, which include MRM, R/GA, and Huge. (3) Comprised of McCann Worldgroup, IPG Health, MullenLowe Group, Foote, Cone & Belding ("FCB"), and our domestic integrated agencies. (4) Comprised of Weber Shandwick, Golin, our sports, entertainment and experiential agencies, and DXTRA Health. ($ in Millions) Foreign Currency $ (23.3) (20.7) (7.3) $ (51.3) $ - Net Acquisitions / (Divestitures) $ $ (51.3) (17.4) (8.5) (11.3) (5.0) (9.1) $ (51.3) $ 17.4 (12.3) 0.0 5.1 14.0 (8.9) 0.4 (1.4) (7.9) 5.1 Organic (7.0) (8.3) 11.2 $ (4.1) $ $ (13.5) 9.4 5.2 (7.1) (4.5) 3.4 12.4 $ $ (4.1) $ Three Months Ended March 31, 2023 960.8 875.6 340.5 2,176.9 1,470.6 706.3 170.2 163.7 159.2 84.7 128.5 2,176.9 Change Organic Interpublic Group of Companies, Inc. (0.7%) (0.9%) 3.3% (0.2%) (0.9%) 1.2% 2.9% (4.0%) (2.6%) 3.9% 9.3% (0.2%) 14 Total (1.3%) (4.5%) 1.2% (2.3%) 0.0% (6.7%) (6.7%) (8.7%) (8.8%) (3.4%) (3.5%) (2.3%) IFG#15Reconciliation of Adjusted Results Operating Income and Adjusted EBITA before Restructuring Charges (³) Total (Expenses) and Other Income (4) Income Before Income Taxes Provision for Income Taxes Effective Tax Rate Equity in Net Loss of Unconsolidated Affiliates Net Income Attributable to Non-controlling Interests Net Income Available to IPG Common Stockholders Weighted-Average Number of Common Shares Outstanding - Basic Dilutive effect of stock options and restricted shares Weighted-Average Number of Common Shares Outstanding - Diluted Earnings per Share Available to IPG Common Stockholders (5): Basic Diluted (4) Consists of non-operating expenses including interest expense, interest income, and other expense, net. (5) Earnings per share amounts calculated on an unrounded basis. ($ in Millions, except per share amounts) $ (1) $ A A As Reported 188.3 (22.3) 166.0 33.8 20.4% (0.1) (6.1) 126.0 385.8 1.6 387.4 0.33 0.33 Amortization of Acquired Intangibles $ $ Three Months Ended March 31, 2023 $ $ (20.9) $ (20.9) 4.2 (16.7) Restructuring Charges (2) $ $ (0.04) (0.04) $ (1.6) (1.6) 0.3 (1.3) $ (0.00) (0.00) Net Losses on Sales of Businesses A $ (1) The table reconciles our reported results to our adjusted non-GAAP results. Management believes the resulting comparisons provide useful supplemental data that, while not a substitute for GAAP measures, allow for greater transparency in the review of our financial and operational performance. (2) Restructuring charges of $1.6 in the first quarter of 2023 represent adjustments to our restructuring actions taken in Q4 2022, as well as adjustments to the actions taken in 2020. (3) Refer to non-GAAP reconciliation of Adjusted EBITA before Restructuring Charges on page 16. (4.2) (4.2) 1.3 (2.9) $ $ (0.01) (0.01) $ A Adjusted Results (Non-GAAP) Interpublic Group of Companies, Inc. 210.8 (18.1) 192.7 39.6 20.6% (0.1) (6.1) 146.9 385.8 1.6 387.4 0.38 0.38 15 IFG#16Reconciliation of Adjusted EBITA Revenue Before Billable Expenses Non-GAAP Reconciliation: Net Income Available to IPG Common Stockholders Add Back: Provision for Income Taxes Subtract: Total (Expenses) and Other Income Equity in Net (Loss) Income of Unconsolidated Affiliates Net Income Attributable to Non-controlling Interests Operating Income Add Back: Amortization of Acquired Intangibles Adjusted EBITA Adjusted EBITA Margin on Revenue Before Billable Expenses % Restructuring Charges (2) (1) Adjusted EBITA before Restructuring Charges Adjusted EBITA before Restructuring Charges Margin on Revenue Before Billable Expenses % $ $ $ $ $ Three Months Ended March 31, 2023 2022 2,176.9 $ 126.0 33.8 (22.3) (0.1) (6.1) 188.3 20.9 209.2 9.6 % 1.6 210.8 9.7 % $ $ $ 2,227.2 159.4 49.1 (35.8) 0.1 (1.5) 245.7 21.3 267.0 12.0 % 6.6 273.6 12.3 % (1) The table reconciles our reported results to our adjusted non-GAAP results. Management believes the resulting comparisons provide useful supplemental data that, while not a substitute for GAAP measures, allow for greater transparency in the review of our financial and operational performance. (2) Restructuring charges of $1.6 in the first quarter of 2023 represent adjustments to our restructuring actions taken in Q4 2022, as well as adjustments to the actions taken in 2020. Restructuring charges of $6.6 in the first quarter of 2022 were related to adjustments to our restructuring actions taken in 2020. ($ in Millions) Interpublic Group of Companies, Inc. 16 IFG#17Adjusted EBITA before Restructuring Charges by Segment Specialized Communications & Experiential Solutions (4) Three Months Ended March 31, 2022 (6) Media, Data & Engagement Solutions (2) Three Months Ended March 31, 2022 (6) Revenue Before Billable Expenses Segment/Adjusted EBITA Restructuring Charges (7) Segment/Adjusted EBITA before Restructuring Charges $ Margin (%) of Revenue Before Billable Expenses $ 2023 960.8 $ 973.7 79.1 $ 79.1 $ 8.2 % Integrated Advertising & Creativity Led Solutions (3) $ $ 111.8 (0.1) 111.7 $ 11.5 % Three Months Ended March 31, 2022 (6) 2023 875.6 $ 916.9 $ 120.0 6.2 98.8 0.3 99.1 11.3% $ 126.2 $ 13.8 % $ $ 2023 340.5 $ 336.6 45.2 1.3 46.5 $ 13.7 % (1) Adjusted EBITA before restructuring charges is calculated as net income available to IPG common stockholders before provision for incomes taxes, total (expenses) and other income, equity in net (loss) income of unconsolidated affiliates, net income attributable to non-controlling interests, amortization of acquired intangibles and restructuring charges. (2) Comprised of IPG Mediabrands, Acxiom, and our digital and commerce specialist agencies, which include MRM, R/GA, and Huge. (3) Comprised of McCann Worldgroup, IPG Health, MullenLowe Group, FCB, and our domestic integrated agencies. (4) Comprised of Weber Shandwick, Golin, our sports, entertainment and experiential agencies, and DXTRA Health. (5) Corporate and Other is primarily comprised of selling, general and administrative expenses including corporate office expenses as well as shared service center and certain other centrally managed expenses that are not fully allocated to operating divisions. (6) Results for the three months ended March 31, 2022 have been recast to reflect the transfer of certain agencies between reportable segments. (7) Restructuring charges of $1.6 in the first quarter of 2023 represent adjustments to our restructuring actions taken in Q4 2022, as well as adjustments to the actions taken in 2020. Restructuring charges of $6.6 in the first quarter of 2022 were related to adjustments to our restructuring actions taken in 2020. in Millions) (1) Corporate and Other (5) Three Months Ended March 31, 2022 (6) 2023 56.1 0.4 56.5 $ 16.8 % $ (13.9) $ (13.9) (20.9) 0.1 $ (20.8) $ IPG Consolidated (1) Three Months Ended March 31, 2022 (6) $ 2,176.9 $ 2,227.2 $ 267.0 6.6 273.6 12.3 % Interpublic Group of Companies, Inc. 2023 209.2 $ 1.6 210.8 $ 9.7 % | 17 IPG#18Reconciliation of Adjusted Results Operating Income and Adjusted EBITA before Restructuring Charges (3) Total (Expenses) and Other Income (4) Income Before Income Taxes Provision for Income Taxes Effective Tax Rate Equity in Net Income of Unconsolidated Affiliates Net Income Attributable to Non-controlling Interests Net Income Available to IPG Common Stockholders Weighted-Average Number of Common Shares Outstanding - Basic Dilutive effect of stock options and restricted shares Weighted-Average Number of Common Shares Outstanding - Diluted Earnings per Share Available to IPG Common Stockholders (5): Basic Diluted $ (3) Refer to non-GAAP reconciliation of Adjusted EBITA before Restructuring Charges on page 16. (4) Consists of non-operating expenses including interest expense, interest income, and other expense, net. (5) Earnings per share amounts calculated on an unrounded basis. ($ in Millions, except per share amounts) $ (1) $ As Reported 245.7 (35.8) 209.9 49.1 23.4% 0.1 (1.5) 159.4 394.5 3.9 398.4 0.40 0.40 Amortization of Acquired Intangibles $ Three Months Ended March 31, 2022 $ (21.3) $ (21.3) 4.2 Restructuring Charges (2) (17.1) $ (0.04) (0.04) A (6.6) (6.6) 1.6 Net Losses on Sales of Businesses (5.0) $ (0.01) (0.01) (1) The table reconciles our reported results to our adjusted non-GAAP results. Management believes the resulting comparisons provide useful supplemental data that, while not a substitute for GAAP measures, allow for greater transparency in the review of our financial and operational performance. (2) Restructuring charges of $6.6 in the first quarter of 2022 were related to adjustments to our restructuring actions taken in 2020, which were designed to reduce our operating expenses structurally and permanently relative to revenue and to accelerate the transformation of our business. (6.4) (6.4) 0.0 (0.02) (0.02) Adjusted Results (Non-GAAP) 273.6 $ (6.4) $ A (29.4) 244.2 54.9 22.5 % 0.1 (1.5) 187.9 394.5 3.9 398.4 0.48 0.47 Interpublic Group of Companies, Inc. 18 IPG#19IPG Metrics Update Interpublic Group of Companies, Inc. 19 IPG#20Metrics Update CATEGORY: METRIC: SALARIES & RELATED (% of Revenue Before Billable Expenses) Trailing Twelve Months Base, Benefits & Tax Incentive Expense Severance Expense Temporary Help OFFICE & OTHER DIRECT (% of Revenue Before Billable Expenses) Trailing Twelve Months Occupancy Expense All Other Office & Other Direct Expenses FINANCIAL Available Liquidity Credit Facility Covenant Interpublic Group of Companies, Inc. 20 IFG#21Salaries & Related Expenses % of Revenue Before Billable Expenses, Trailing Twelve Months 66.7% 3/31/2023 66.2% 12/31/2022 66.0% 3/31/2022 Interpublic Group of Companies, Inc. | 21 IPG#22Salaries & Related Expenses (% of Revenue Before Billable Expenses) Three Months Ended March 31 Base, Benefits & Tax 64.0% 59.9% Incentive Expense 2.5% 4.0% "All Other Salaries & Related," not shown, was 1.1% and 1.0% for the three months ended March 31, 2023 and 2022, respectively. ■2023 Severance Expense 1.5% 2022 0.5% Temporary Help 3.4% Interpublic Group of Companies, Inc. 4.8% 22 IPG#23Office & Other Direct Expenses % of Revenue Before Billable Expenses, Trailing Twelve Months 14.4% 3/31/2023 14.2% 12/31/2022 14.1% 3/31/2022 Interpublic Group of Companies, Inc. 23 IPG#24Office & Other Direct Expenses (% of Revenue Before Billable Expenses) Three Months Ended March 31 Occupancy Expense 4.9% 5.1% 2023 All Other 10.3% 2022 9.4% "All Other" primarily includes client service costs, non-pass through production expenses, travel and entertainment, professional fees, spending to support new business activity, telecommunications, office supplies, bad debt expense, adjustments to contingent acquisition obligations, foreign currency losses (gains) and other expenses. Interpublic Group of Companies, Inc. 24 IFG#25Available Liquidity Cash, Cash Equivalents + Available Committed Credit Facilities ($ in Millions) $1,489 $2,402 3/31/2022 $1,489 $1,983 6/30/2022 Cash and Cash Equivalents $1,490 $1,768 9/30/2022 $1,490 $2,545 12/31/2022 Available Committed Credit Facility $1,491 $1,678 3/31/2023 Interpublic Group of Companies, Inc. 25 IPG#26Credit Facility Covenant Financial Covenant Leverage Ratio (not greater than) (¹) Actual Leverage Ratio CREDIT AGREEMENT EBITDA RECONCILIATION: Net Income Available to IPG Common Stockholders Non-Operating Adjustments (2) Operating Income + Depreciation and Amortization + Other Non-cash Charges Reducing Operating Income + Other Non-cash Adjustments Credit Agreement EBITDA (¹); A $ Four Quarters Ended March 31, 2023 3.50x 1.66x Four Quarters Ended March 31, 2023 904.6 419.2 1,323.8 336.7 81.3 4.7 1,746.5 (1) The leverage ratio is defined as debt as of the last day of such fiscal quarter to EBITDA (as defined in the Credit Agreement) for the four quarters then ended. Management utilizes Credit Agreement EBITDA, which is a non-GAAP financial measure, as well as the amounts shown in the table above, calculated as required by the Credit Agreement, in order to assess our compliance with such covenants. (2) Includes adjustments of the following items from our consolidated statement of operations: provision for income taxes, total (expenses) and other income, equity in net (loss) income of unconsolidated affiliates, and net income attributable to non-controlling interests. ($ in Millions) Interpublic Group of Companies, Inc. 26 IFG#27Cautionary Statement This investor presentation contains forward-looking statements. Statements in this investor presentation that are not historical facts, including statements regarding guidance, goals, intentions, and expectations as to future plans, trends, events, or future results of operations or financial position, constitute forward-looking statements. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results and outcomes to differ materially from those reflected in the forward-looking statements, and are subject to change based on a number of factors, including those outlined under Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K, and our other filings with the Securities and Exchange Commission ("SEC"). Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, the following: ■ I ■ ■ ■ ■ ■ the effects of a challenging economy on the demand for our advertising and marketing services, on our clients' financial condition and on our business or financial condition; our ability to attract new clients and retain existing clients; our ability to retain and attract key employees; the impacts of the COVID-19 pandemic, including potential developments like the emergence of more transmissible or virulent coronavirus variants, and associated mitigation measures, such as restrictions on businesses, social activities and travel, on the economy, our clients and demand for our services; risks associated with the effects of global, national and regional economic conditions, including counterparty risks and fluctuations in interest rates, inflation rates and currency exchange rates; the economic or business impact of military or political conflict in key markets; risks associated with assumptions we make in connection with our critical accounting estimates, including changes in assumptions associated with any effects of a challenging economy; potential adverse effects if we are required to recognize impairment charges or other adverse accounting-related developments; developments from changes in the regulatory and legal environment for advertising and marketing services companies around the world, including laws and regulations related to data protection and consumer privacy; and the impact on our operations of general or directed cybersecurity events. Investors should carefully consider the foregoing factors and the other risks and uncertainties that may affect our business, including those outlined under Item 1A, Risk Factors, in our most recent annual report on Form 10-K, and our other SEC filings. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update or revise publicly any of them in light of new information, future events, or otherwise. Interpublic Group of Companies, Inc. 27 IPG

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