3Q 2021 Investor Presentation
Long-Term Growth Opportunities
Three levers to achieve EPS growth
REVENUE
Issuance Volume & Mix
Coverage
High-Single-Digit % Growth Range¹
Moody's Analytics
Pricing Initiatives
ADJ. OPERATING MARGIN
High-40s % Range¹
Cost
Discipline
Process
Re-Engineering
+
Technology
Enablement
Investing for
future growth
+
Medium-term MA Adj. Op.
margin target of mid-30's %1
CAPITAL ALLOCATION
Reinvestment
EPS
Acquisitions
Dividend Growth & Share Count Reduction²
Dividends
Low-Teens % Growth Range 1,2
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.
1.
2.
Note: Long-term growth opportunities presented on this slide are on average over time.
Moody's | Better decisions
Share Repurchases
3Q 2021 Investor Presentation 12View entire presentation