Tradeweb Results Presentation Deck slide image

Tradeweb Results Presentation Deck

13 Capital Management & FY Guidance ■ ■ ■ $959.7 million in cash and cash equivalents (June 30th) Undrawn $500 million credit facility TTM FCF: $538.4 million¹ (+24.1% yr/yr) Capital Management Key Highlights ▪ 2Q22 Capex & Cap software development: $15.0 million (+16.8% yr/yr) $9.0 million in share buybacks in Q2 (103k shares); $18.0 million of share repurchase authorization remains outstanding as of June 30th 2022 FY Guidance (UNCHANGED)2,3 ($ in millions) ▪ $2.2 million in shares withheld in Q2 to satisfy tax obligations related to exercise of stock options Board of Directors declared a quarterly dividend of $0.08 per Class A and Class B share payable in September 2022 Adjusted Expenses Acquisition & Refinitiv related D&A Assumed non-GAAP tax rate Capex & Cap software development $620 - 655M $127M 22.0% $62 - 68M Strong Free Cash Flow Growth and Conversion¹ ($ in millions) Free Cash Flow $600 $500 $400 $300 $200 $100 Tradeweb $0 2016 2017 FCF 2018 2019 2020 2021 2Q22 (TTM) FCF Conversion on Adj Net Income 160% 140% 120% 100% - 80% 60% 40% -20% 0% 1. Free Cash Flow ("FCF") is a non-GAAP financial measure. FCF Conversion is FCF divided by Adjusted Net Income for the applicable period. See "Appendix" for a reconciliation to its most comparable GAAP financial measure. 2. GAAP operating expenses and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement of foreign currency rates. 3. Expense guidance assumes an average 2021 Sterling/US$ foreign exchange rate or 1.38. ©2022 Tradeweb Markets LLC. All rights reserved. Free Cash Flow Conversion
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