NEW YORK--(BUSINESS WIRE)--Feb. 24, 2021--
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
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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Source: MSCI Inc.