3Q 2021 Investor Presentation
Moody's Corporation Financial Profile
3Q 2021 TTM Revenue: $6.0 billion
■Recurring ■Transaction
■U.S. ■Non-U.S.
45%
55%
46%
54%
MIS Other¹
1%
PPIF
9%
FIG
10%
RD&A
28%
MIS
MA
SFG
8%
ERS
CFG
10%
34%
1.
2.
3.
4.
Revenue
Operating Expenses
Operating Margin
Adjusted Operating Margin³
Full Year 2021 Guidance as of October 28, 20212
>> Increase in the low-teens % range
>> Increase of approximately 10%
>> 46% -47%
>> Approximately 51%
Effective Tax Rate
Diluted EPS
Adjusted Diluted EPS³
Share Repurchases4
» 19.5% 20.5%
» $11.65 $11.85
» $12.15 $12.35
» Approximately $750 million
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%. 3Q 2021
trailing twelve months 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.
See press release titled "Moody's Corporation Reports Results for Third Quarter 2021" from October 28, 2021 for Moody's complete full year 2021 guidance.
These metrics are adjusted measures. See Appendix for reconciliations from adjusted financial measures to U.S. GAAP.
Full year 2021 share repurchase guidance is subject to available cash, market conditions, M&A opportunities and other ongoing capital allocation decisions.
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3Q 2021 Investor Presentation
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