Maximizing Shareholder Value slide image

Maximizing Shareholder Value

TRANSFORMED GES TO IMPROVE PROFITABILITY Fundamental changes to reduce GES Exhibitions' cost structure and build Spiro's growth capabilities have positioned GES to drive stronger results on lower revenue ADJUSTED EBITDA MARGIN (%) ~8.5% ◉ 7.4% 7.7% 6.6% 2019 2022 2023 2024 Est. ■ Continued margin expansion expected in 2024 Key Drivers: ■ Exhibitions' show sizes recovering New Spiro wins with improved SG&A leverage ■ Continued focus on efficiency with lean productivity initiatives Expect margin to hold at or above 8% target beyond 2024, with and without major non- annual shows GES 22 VIAD
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