MSCI Hosts 2021 Virtual Investor Day
February 24 2021 - 6:59AM
Business Wire
MSCI Inc. (NYSE: MSCI), a leading provider of critical decision
support tools and services for the global investment community,
will host a virtual investor day today. The presentation will begin
promptly at 8:30 am Eastern Time and is expected to conclude at
approximately 12:15 pm Eastern Time. The event will include a
discussion of the Company’s strategy and financial performance, and
feature question and answer sessions.
In connection with the event, MSCI updated its 2021 effective
tax rate guidance to 16.0% - 19.0%, from 17.5% - 20.5% prior, while
reaffirming all other 2021 financial guidance provided on January
28, 2021. Additionally, MSCI is updating its long-term financial
targets including the following highlights:
- Low double-digit revenue growth (excluding asset-based
fees)
- Low to mid-teens Adjusted EBITDA growth
- High 50s Adjusted EBITDA margin
A link to the video webcast and presentation materials can be
found on MSCI’s Investor Relations website at
https://ir.msci.com/events-and-presentations. An archived replay of
the webcast also will be accessible shortly after the live event
from the same link.
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.
About MSCI Inc. MSCI is a leading provider of critical decision
support tools and services for the global investment community.
With over 50 years of expertise in research, data and technology,
we power better investment decisions by enabling clients to
understand and analyze key drivers of risk and return and
confidently build more effective portfolios. We create
industry-leading research-enhanced solutions that clients use to
gain insight into and improve transparency across the investment
process. To learn more, please visit www.msci.com. MSCI#IR
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including without
limitation, our 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,” “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 our
control and that could materially affect our 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 our
underlying assumptions prove to be incorrect, actual results may
vary significantly from what MSCI projected. Any forward-looking
statement in this press release 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210224005241/en/
Investor Inquiries sallilyn.schwartz@msci.com Salli
Schwartz +1 212 804 5306
Media Inquiries PR@msci.com Sam Wang +1 212 804 5244
Melanie Blanco +1 212 981 1049 Rachel Lai +852 2844 9315
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