Investor Presentaiton
Bottom line results highlighted by record adj. EBITDA and adj. net income
Adjusted EBITDA and Adjusted EBITDA Margin (1Q22-1Q23)
Adjusted Net Income (1Q22-1Q23)
4213225050
$ million and %
70.0
60.0
$ million
50.0%
58.8
45.0%
52.7
52.9
40.0%
49.6
50.0
44.5
35.0%
34.0%
40.0
32.8%
33.3%
30.0%
32.2%
30.0%
25.0%
30.0
20.0%
15.0%
20.0
10.0%
10.0
5.0%
0.0
0.0%
1Q22
2Q22
3Q22
4Q22
1Q23
39.7
35.0
34.3
32.4
28.8
1Q22
2Q22
3Q22
4Q22
1Q23
(dollars in millions, except per share data)
Adjusted EBITDA
Adjusted EBITDA margin
Reported net income
Adjusted net income
Adjusted EPS¹
1Q22
1Q23
VPY
$44.5
$58.8
32.1%
30.0%
33.3%
330 bps
$22.2
$17.2
$28.8
$39.7
$0.39
$0.53
(22.5%)
37.9%
35.9%
1Calculated using 1Q23 number of common shares outstanding, diluted of 74,370,000. In 1Q22, and moving forward, we use diluted GAAP shares outstanding given that our restricted stock awards fully vested in 2021.
For general public use.
ASSETMARK.
15View entire presentation