2Q 2020 Investor Presentation
Long-Term Growth Opportunities
Three Levers to Achieve EPS Growth
REVENUE
Issuance Volume & Mix
High Single Digit % Growth Range¹
Coverage
Moody's Analytics
Pricing Initiatives
ADJ. OPERATING MARGIN
High-40s % Range¹
Cost Discipline
Process Re-Engineering
+
Technology Enablement
CAPITAL ALLOCATION
Reinvestment
Acquisitions
EPS
Investing for future growth
Dividend Growth & Share Count Reduction²
Dividends
Low Teens % Growth Range 1,2
1. Assumes no material change in effective tax rate, foreign exchange rates, leverage profile and/or capital allocation policy.
Subject to market conditions and other ongoing capital allocation decisions.
2.
Note: Long-term growth opportunities presented on this slide are on average over time.
MOODY'S
Share Repurchases
2Q 2020 Investor Presentation - August 11, 2020
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