M&A Strategy and Financial Overview
Strong track record of powerful financial performance
Total Revenue ($M)
+11.9% +22.0%
2022 5-Year CAGR 2023 Implied Growth
Adjusted EBITDA (1) ($M)
+12.2% +21.5%
Adjusted EPS (1,2,3)
+25.1% +24.1%
2022 5-Year CAGR
2022 10-Year CAGR
vs. +8.0% for
the S&P 500
2022 5-Year CAGR 2023 Implied Growth
$15,000
$8,000
$6,000
vs. +11.6% for
the S&P 500
$35
$30
$25
$10,000
$4,000
$20
$15
$5,000
$10
$2,000
$5
$0
$0
$0
2017 2018 2019 2020 2021 2022 2023F (4)
- (4)
2017 2018 2019 2020 2021 2022 2023F
2017 2018 2019
2020 2021 2022
Strong Growth and Margins Have Driven Powerful Earnings Growth Over the Last Decade
(1) Adjusted EBITDA and Adjusted EPS are non-GAAP measures. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures. Adjusted EPS is not forecasted. (2) 2017 Adjusted EPS excludes a one-time benefit
from the Tax Cuts and Jobs Act (the "Tax Act") of $8.05. Periods subsequent to 2017 reflect a reduction in the U.S. federal corporate statutory rate from 35% to 21% as a result of the Tax Act. (3) The S&P 500 CAGRS present average growth in GAAP EPS for companies
in the S&P 500 index and are based on information sourced from NASDAQ. (4) 2023F reflects the mid-point of guidance.
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