1Q 2021 Investor Presentation
Moody's Corporation Financial Profile
1Q 2021 TTM Revenue: $5.7 billion
■Recurring
Transaction
■U.S. ■Non-U.S.
MIS Other¹
1%
PPIF
9%
46%
45%
FIG
10%
RD&A
28%
MIS
SFG
7%
MA
ERS
10%
54%
55%
CFG
35%
1.
Revenue
Operating Expenses
Operating Margin
Adjusted Operating Margin³
Full Year 2021 Guidance as of April 28, 20212
>> Increase in the high-single-digit % range
>> Increase in the mid-single-digit % range
>> Approximately 46%
» Approximately 50%
Effective Tax Rate
Diluted EPS
Adjusted Diluted EPS3
Share Repurchases4
» 20% -22%
» $10.40 - $10.70
» $11.00 $11.30
» Approximately $1.5 billion
MIS Other consists of non-ratings revenue from ICRA, KIS Pricing, KIS Research and revenue from providing ESG research, data and assessments. During 2020, the company increased its stake in V.E from 69.2% to 99.8%. 1Q 2021 TTM
revenue includes five quarters of results for V.E and Four Twenty Seven due to the close of a financial reporting lag pursuant to the integration of these businesses. The incremental revenue resulting from the closing of this reporting lag
was not material to Moody's financial results.
These metrics are adjusted measures. See Appendix for reconciliations from adjusted financial measures to U.S. GAAP.
2.
See press release titled "Moody's Corporation Reports Results for First Quarter 2021" from April 28, 2021 for Moody's complete full year 2021 guidance.
3.
4.
Full year 2021 share repurchase guidance is subject to available cash, market conditions and other ongoing capital allocation decisions.
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1Q 2021 Investor Presentation
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