FEBRUARY 24, 2021
Welcome & Opening Remarks
HEAD OF INVESTOR RELATIONS & TREASURER
Forward-Looking Statements and Other Information
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, MSCI's full-year 2021 guidance and long-term targets. These forward-looking statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "will," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential" or "continue," or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond MSCI's control and that could materially affect actual results, levels of activity, performance or achievements.
Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in MSCI's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the Securities and Exchange Commission ("SEC") on February 12, 2021 and in quarterly reports on Form 10-Q and current reports on Form 8-K filed or furnished with the SEC. If any of these risks or uncertainties materialize, or if MSCI's underlying assumptions prove to be incorrect, actual results may vary significantly from what MSCI projected. Any forward-looking statement in this earnings presentation reflects MSCI's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to MSCI's operations, results of operations, growth strategy and liquidity. MSCI assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.
Percentage changes and totals in this presentation may not sum due to rounding.
Gross sales include both new recurring subscription and non-recurring sales as reported in Table 6: Sales and Retention Rate by Segment (unaudited) of the press release reporting MSCI's financial results for fourth quarter 2020.
Foreign currency exchange rate fluctuations reflect the difference between the current period results as reported compared to the current period results recalculated using the foreign currency exchange rates in effect for the comparable prior period. While operating revenues adjusted for the impact of foreign currency fluctuations includes asset-based fees that have been adjusted for the impact of foreign currency fluctuations, the underlying assets under management ("AUM"), which is the primary component of asset-based fees, is not adjusted for foreign currency fluctuations. More than three-fifths of the AUM are invested in securities denominated in currencies other than the U.S. dollar, and accordingly, any such impact is excluded from the disclosed foreign currency adjusted variances.
MSCI has not independently verified the Burgiss-related information included on or statements made with respect to pages 96 through 109. The Burgiss Group, LLC assumes sole responsibility for the accuracy and completeness of such information and statements. The Burgiss Group, LLC does not undertake to update forward-looking statements to reflect the impact of subsequent events or circumstances, except as required by law.
On February 23, 2021, the Board authorized MSCI to opportunistically explore financing options, the proceeds of which could be used to refinance existing debt. Such a financing could marginally increase MSCI's leverage ratio and interest expense. Any potential financing is subject to market and other conditions, and there can be no assurance as to the timing or certainty of a transaction.
Welcome & Opening Remarks Salli Schwartz
Head of Investor Relations & Treasurer
Transforming the Investment World Henry Fernandez
Chairman & Chief Executive Officer
Modernizing Portfolio Management through Analytics Jorge Mina
Head of Analytics
Innovating Private Asset Investing Jay McNamara
Maximizing Competitive Advantages Baer Pettit
President & Chief Operating Officer
Reimagining the Investment Process Peter Zangari
Global Head of Research & Product Development
Delivering Client-Centric Solutions Alvise Munari
Global Head of Client Coverage
Supercharging Index Growth Diana Tidd
Head of Index & Chief Responsibility Officer
Driving the Sustainable Investing Revolution Remy Briand
Head of ESG & Climate
BreakRevolutionizing the Investment World through Data & Technology Jigar Thakkar
Chief Technology Officer & Head of Engineering
Powering Compounding Returns Andy Wiechmann
Chief Financial Officer
Invest in MSCI · Change the World Henry Fernandez
Chairman & Chief Executive Officer
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