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Investor Presentaiton

FOCUSED ON SHAREHOLDER VALUE LONG HISTORY OF STRATEGIC DIVESTITURES¹ Over the last 30 years, Viad has spun-off or sold more than 20 lines of business, including: 1987 Greyhound Lines, Inc. bus 1992 The FINOVA Group 1993 Motor Coach Industries 1996 The Dial Corp. 1997 Premier Cruise Lines operations 1999 Restaura dining service operations 1999 Dobbs Int'l Services airline food service THOROUGH REVIEW OF STRATEGIC OPTIONS¹ DEC 2012 NOV 2013 FEB 2014 APR 2014 2004 MoneyGram International PRESENT • Announced review of strategic options to enhance . • Paid special dividends • share as optimal mechanism to shareholder value (including possible separation of GES and totaling $4.00 per Pursuit businesses and increasing dividends or share repurchases), working with JP Morgan Announced repurchase authorization of 1M shares (265,449 remaining at 9/30/18) allocate capital at that time Announced conclusion of review and go- forward strategy to enhance shareholder value • Executing against growth strategy with 11 acquisitions since July 2014 POSITIVE CORPORATE GOVERNANCE CHANGES¹ . Actively refreshed Board with industry expertise, reducing • average tenure from 8.7 to 6.4 years (since 2012) • Eliminated Poison Pill (Feb 2013) • Adopted No Hedging, No Pledging Policy (Feb 2013) . Separated Chairman and CEO roles; elected independent Chairman (Dec 2014) • New CEO, Steve Moster, appointed (Dec 2014) 1 Representative list of actions taken; not comprehensive. VIAD • • • • • Exec Comp Changes: CEO LTI award increased to 100% performance-based and other executive officers increased from 50/50 to 70/30 New LTI goals based on EBITDA, ROIC and TSR Holding requirements for vested restricted stock Eliminated tax gross-ups on perks, legacy payments Phase out of excise tax gross-ups and modified single- trigger provisions in change-in-control arrangements 35
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