3Q 2020 Investor Presentation
$494
$43
$134
MA 3Q 2020: 8%1 Organic Constant Currency Revenue Growth
MA Revenue²
7%
YOY
$531
Change
MA Adjusted Operating Income and Margin
+220bps
31.4%
$ Millions
$145
8%
$386
22%
$317
$ Millions
29.2%
$36
$145
($14)
$167
3Q19
3Q20
RD&A
ERS
■PS
» MA revenue grew 8%, excluding the impact of
divestiture, acquisitions and FX1
1.
2.
3.
-
RD&A: Driven by KYC and compliance solutions,
research and data feeds
ERS: Growth from credit assessment and origination
solutions, as well as insurance products
MA organic constant currency growth as defined in the reconciliation tables in the Appendix.
3Q19 MA
Adjusted
Operating
Income
MA Revenue MA Expense
Increase 3 Increase³
3Q20 MA
Adjusted
Operating
Income
» Year-over-year margin expansion enabled by:
-
Scalable top-line growth generating operating leverage
Continued savings from reduced marketing, travel and
entertainment expenses
Subsequent to the divestiture of MAKS in 2019, revenue from the Moody's Analytics Learning Solutions ("MALS") unit that was reported in the Professional Services line of business ("LOB") is now being reported as part of the
RD&A LOB. Prior periods have not been reclassified as the amounts were not material.
Includes intercompany revenue and expenses. Changes in expenses include the impact of adjusting items.
MOODY'S
3Q 2020 Investor Presentation - November 11, 2020 66View entire presentation