1Q 2021 Investor Presentation
Financial Performance1
Revenue²
$ Billions
■MIS Revenue ■MA Revenue
High-single-digit
2016-2020 CAGR 10%
% growth
$5.4
$4.8
$4.4
$4.2
$3.6
$2.1
$2.0
$1.4
$1.7
$1.2
$2.4
$2.8
$2.7
$2.9
$3.3
2016
2017
2018
2019
2020
2021F1
Operating Margin4
■Operating Margin
■Adj. Operating Margin³
18.1%
45.9%
43.3%
47.6%
42.0%
47.6%
41.4%
47.4%
44.5%
49.7%
46%
50%
2016
2017
2018
2019
2020
2021F1
1.
Guidance as of April 28, 2021.
2. Totals may not sum due to rounding.
3. These figures are adjusted measures. See appendix for reconciliations from adjusted financial measures to U.S. GAAP.
4. 2016-2017 operating and adjusted operating margins have been restated to conform to the new presentation for pension expenses.
5. Includes approximately $700 million in net payments pursuant to a settlement charge.
Moody's | Better decisions
$ Millions
2016
Adjusted Diluted EPS3
$ Per Share
-
2016 2020 CAGR 20%
$10.15
$8.29
$7.39
$6.07
$4.94
Free Cash Flow³
2017
2018
1
2019
2020
2021F
$2,043
$1,606
$1,370
$2,100 $2,200
$1,144
2016
$664
2017 5
2018
2019
2020
2021F1
1Q 2021 Investor Presentation
12
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