Investment Highlights and Value Creation Update
First Quarter 2022 Highlights and Current Liquidity Position
Emerald experienced year over year growth across all categories as recovery momentum continues
•
Revenues of $98.5 million
Net Income
Diluted income per share of $0.07
($ in Millions)
Earnings Results
•
Net income of $22.6 million
.
Adjusted EBITDA of $54.4 million (1)
Highlights and
Developments
Balance Sheet
Free cash flow of $29.8 million (2)
.
Hosted 31 in-person trade shows
.
Received $28.8 million of insurance claim
payments for canceled events
$22.6
1Q'21
1Q'22
($15.3)
•
Continue to actively pursue collection of
Adj. EBITDA (1)
remaining unpaid amounts of filed
($ in Millions)
insurance claims for 2020 and 2021
.
$254.4 million of cash
•
Full capacity on $110 million revolving credit
facility
($2.5)
.
Repurchased 0.3 million shares at an
average price of $3.63 per share
(1) See slide 18 of this presentation for a reconciliation of Adjusted EBITDA
(2) See slide 19 of this presentation for a reconciliation of Free Cash Flow
EMERALD
Diluted Income (Loss) Per Share
($ in Millions)
$0.07
1Q'21
1Q'22
($0.33)
Free Cash Flow(2)
($ in Millions)
$54.4
$29.8
$0.6
1Q'21
1Q'22
1Q'21
1Q'22
14View entire presentation