Strategic Growth & Financial Overview
We Outpaced the Industry & Significantly Improved Metrics Since IPO
FY2017 to TTM 2Q 2022 financial results
1.
2.
23
3.
GAAP Revenue
Adjusted EBITDA
Full-service Peers²
16% CAGR
19% CAGR
VS
Newmark
Newmark's
Performance
(In Millions, except net leverage)
$1,596
Net Leverage¹
Share Count³
-0.6X Change
1.7% CAGR
18% CAGR
25% CAGR
-3.2X Change
1.0% CAGR
+101%
$3,206
$265
+159%
$686
3.6x
-89%
FY 2017
TTM 2Q22
FY 2017
TTM 2Q22
0.4x
FY 2017
TTM 2Q22
235
+4%
FY 2017
TTM 2Q22
For all companies shown, "Net debt" is defined as total corporate debt, net of cash, or for Newmark and if applicable, as total corporate debt, net of liquidity. "Net leverage" equals net debt divided by trailing twelve month Adjusted EBITDA.
For all averages shown on this chart save share count, the peers are U.S. ticker symbols CBRE, CIGI, CWK, and JLL. CWK is excluded from the average peer share count figures as they IPOed in 2018.
For Newmark, period end (or "spot") share count is shown, while the peer average is based on their reported fully diluted weighted average share counts for FY2017 and 1Q22. We believe that spot share count is more relevant for Newmark because we
IPOed in December of 2017.
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