Emerald Holding, Inc. Third Quarter 2024 October 30, 2024 Legal Disclaimer Forward-Looking Statements The information provided in this presentation is for general informational purposes only. This presentation contains certain forward-looking statements regarding Emerald Holding, Inc. and its subsidiaries (the "Company"), including, without limitation, statements regarding the Company's ability to continue staging live events and scale its business beyond pre-COVID levels; statements about general economic ...

Revenue Performance - Revenues for Q3 2024 were $72.6 million, a slight increase of $0.1 million or 0.1% compared to Q3 2023, driven by $4.2 million from acquisitions and scheduling adjustments, but offset by a $5.0 million decline from discontinued events and a $3.3 million organic decline [2]. - Organic Revenues for Q3 2024 were $58.7 million, a decrease of $3.3 million or 5.3% from $62.0 million in Q3 2023 [2]. - Revenues for the three months ended September 30, 2024, were $72.6 million, a slight increase of 0.1% compared to $72.5 million in the same period of 2023 [31]. - Total revenues for the three months ended September 30, 2024, were $72.6 million, slightly up from $72.5 million in the same period of 2023, representing a 0.1% increase [37]. - For the nine months ended September 30, 2024, total revenues increased by 3.8% to $292.0 million, compared to $281.3 million in 2023 [31]. Net Income and Loss - The company reported a net loss of $11.1 million for Q3 2024, compared to a net income of $10.7 million in Q3 2023 [2]. - The company reported a net loss of $11.1 million for the three months ended September 30, 2024, compared to a net income of $10.7 million in the same period of 2023 [31]. - Basic loss per share for the three months ended September 30, 2024, was $(0.05), compared to $(0.11) for the same period in 2023 [31]. Adjusted EBITDA - Adjusted EBITDA for Q3 2024 was $12.5 million, an increase of $1.7 million or 15.7% from $10.8 million in Q3 2023 [2]. - Adjusted EBITDA for the three months ended September 30, 2024, was $12.5 million, compared to $10.8 million in the same period of 2023, reflecting a significant increase [38]. - Adjusted EBITDA excluding event cancellation insurance proceeds for the three months ended September 30, 2024, was $12.5 million, compared to $8.0 million in the same period of 2023 [38]. Cash Flow and Capital Management - Free Cash Flow for Q3 2024 was $6.7 million, a significant increase of $4.0 million or 148.1% from $2.7 million in Q3 2023 [13]. - Free cash flow for the three months ended September 30, 2024, was $6.7 million, up from $5.5 million in the same period of 2023, indicating a 21.8% increase [39]. - The company repurchased $3.6 million of its common stock in Q3 2024 at an average price of $4.85 per share [17]. - A dividend of $0.015 per share was declared for the quarter ending December 31, 2024 [16]. - The company intends to continue paying regular quarterly dividends, subject to Board approval and various financial factors [30]. Guidance and Future Outlook - The company updated its FY 2024 guidance, now expecting at least $400 million in revenue and at least $100 million in Adjusted EBITDA [3]. - The company anticipates improved results in H1 2025, driven by accelerated growth in its Connections business [4]. - The company is focused on returning to pre-COVID levels and exploring avenues for organic growth amidst ongoing economic uncertainties [30]. Assets and Liabilities - Total current assets as of September 30, 2024, were $312.3 million, slightly up from $310.9 million as of December 31, 2023 [32]. - Total liabilities increased to $668.7 million as of September 30, 2024, compared to $649.3 million at the end of 2023 [33]. - The company had cash and cash equivalents of $188.9 million as of September 30, 2024, down from $204.2 million at the end of 2023 [32]. Event Discontinuation and Scheduling Adjustments - The company discontinued 20 smaller, unprofitable events, which had a historical run-rate revenue of $20 million [3]. - The company experienced a decrease in scheduling adjustments, with a negative impact of $9.7 million for the three months ended September 30, 2024 [36]. - Total other income, net for the three months ended September 30, 2024, was $0, down from $2.8 million in the same period of 2023 [40].

Financial Performance - Total revenues for the three months ended September 30, 2024, were $72.6 million, a slight increase from $72.5 million in the same period of 2023[13]. - Net loss attributable to Emerald Holding, Inc. for the three months ended September 30, 2024, was $11.1 million, compared to a net income of $10.7 million in the same period of 2023[13]. - Revenues for the three months ended September 30, 2024, were $72.6 million, a slight increase of $0.1 million or 0.1% compared to $72.5 million in the same period of 2023[170]. - Revenues for the nine months ended September 30, 2024, were $292.0 million, an increase of $10.7 million or 3.8% from $281.3 million in the same period of 2023[202]. - Organic revenue for the same period was $274.8 million, up $12.5 million or 4.8% from $262.3 million in 2023[201]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $68.6 million, an increase of $6.7 million or 10.8% from $61.9 million in 2023[199]. - Adjusted EBITDA for the Connections segment for the three months ended September 30, 2024, was $23.6 million, up from $22.5 million in 2023[128]. - Adjusted EBITDA increased by $1.7 million to $12.5 million for the three months ended September 30, 2024, compared to $10.8 million for the same period in 2023[196]. Assets and Liabilities - Total current assets as of September 30, 2024, were $312.3 million, up from $310.9 million as of December 31, 2023[11]. - Total liabilities increased to $668.7 million as of September 30, 2024, compared to $649.3 million as of December 31, 2023[11]. - Cash and cash equivalents decreased to $188.9 million as of September 30, 2024, from $204.2 million as of December 31, 2023[11]. - Current deferred revenues as of September 30, 2024, were $190.2 million, an increase from $174.3 million as of December 31, 2023[32]. - The company reported an increase in accounts payable and other current liabilities to $46.3 million as of September 30, 2024, from $46.6 million as of December 31, 2023[11]. - The total stockholders' equity increased to $391.1 million as of September 30, 2024, from a deficit of $(92.5) million as of December 31, 2023[12]. Acquisitions - The Company acquired GRC World Forums for a total estimated purchase price of $2.9 million, including an initial cash payment of $1.2 million[43]. - The acquisition of Over the Pond Media (Glamping Americas) was completed for a total estimated purchase price of $2.6 million, with an initial cash payment of $2.3 million[50]. - The Company executed an acquisition of Hotel Interactive for a total estimated purchase price of $13.5 million, including an initial cash payment of $11.6 million[57]. - The Futurist acquisition generated revenues of $1.6 million and net income of $0.3 million during the three and nine months ended September 30, 2024[56]. - Identified intangible assets associated with GRC included trade name and customer relationship intangible assets valued at $0.4 million and $1.0 million, respectively[48]. - The total purchase price for the acquisition, including working capital adjustments, was $13.5 million, with goodwill calculated at $11.8 million[62]. Stock and Dividends - The Company paid Preferred Stock Cash Dividends totaling $8.6 million, or $0.12 per share, for the periods ending March 31, 2024, and September 30, 2023[92]. - The Company declared a dividend of $0.015 per share for the quarter ending December 31, 2024, payable on November 21, 2024[130]. - Emerald Holding, Inc. declared a quarterly dividend of $0.015 per share, payable on November 21, 2024[134]. - The Company repurchased 5,064,140 shares for $16.9 million during the nine months ended September 30, 2023, under the October 2022 Share Repurchase Program[104]. - Under the November 2023 Share Repurchase Program, the Company repurchased 1,038,589 shares for $5.4 million during the nine months ended September 30, 2024, with $19.6 million remaining available for repurchases[105]. Expenses and Costs - Selling, general and administrative expenses decreased by $0.8 million, or 1.9%, to $40.8 million for the three months ended September 30, 2024, compared to $41.6 million for the same period in 2023[173]. - Depreciation and amortization expense decreased by $1.7 million, or 19.3%, to $7.1 million for the three months ended September 30, 2024, from $8.8 million for the comparable period in 2023[174]. - Interest expense for the three months ended September 30, 2024, was $12.3 million, slightly up from $12.1 million in the same period of 2023, an increase of 1.7%[164]. - Interest expense increased to $36.4 million for the nine months ended September 30, 2024, up $4.9 million or 15.6% from $31.5 million in 2023[198]. - The company incurred a preferred stock cash dividend of $8.6 million for both periods reported[19]. Impairment and Charges - Intangible asset impairment charges for the three months ended September 30, 2024, were $6.3 million, with no charges in the same period of 2023[13]. - The company recognized impairment charges of $6.3 million for certain indefinite-lived trade name intangible assets during the three and nine months ended September 30, 2024[67]. - Intangible asset impairment charges of $6.3 million were recorded for the nine months ended September 30, 2024, compared to zero in the same period of 2023[208]. Market and Economic Conditions - Increased inflation and interest rates present risks related to labor costs, venue costs, and overall financing expenses[143]. - The trade show industry is highly fragmented, with the five largest companies, including Emerald, comprising only 8% of the U.S. market, presenting significant acquisition opportunities[143]. - The majority of exhibit space is sold during the twelve months prior to each trade show, leading to a lag time in reflecting economic conditions in financial results[143].

Emerald Holding, Inc. (NYSE:EEX) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Herve Sedky - President and Chief Executive Officer David Doft - Chief Financial Officer Conference Call Participants Barton Crockett - Rosenblatt Securities Allen Klee - Maxim Group Operator Good morning and welcome to the Emerald Holding, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we'll conduct a question-and-a ...

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Season Features 10 Cruises with Option to Sail as Far as Greenland Photo Credit: Professional Event ImagesPhoto Credit: Professional Event Images "The debut of Emerald Princess for our maiden Boston season celebrates a convenient new home port for New Englanders and beyond to set sail on a premium cruise at an exceptional value, especially when compared to land-based vacations," said John Padgett, Princess Cruises president. "Our presence also generates substantial revenue for local businesses from our gues ...

Emerald Holding, Inc. (NYSE:EEX) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Herve Sedky - President & Chief Executive Officer David Doft - Chief Financial Officer Conference Call Participants Barton Crockett - Rosenblatt Allen Klee - Maxim Group Operator Good morning and welcome to the Emerald Holding Incorporated First Quarter 2024 Earnings Conference Call. [Operator Instructions] Before we begin, let me remind everyone that this call will include certain statements that c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (State or other jurisdiction of incorporation or organization) Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38076 Emerald Holding, Inc. (Exact name of registrant as specified in its c ...

Exhibit 99.1 Emerald Reports First Quarter 2024 Financial Results Revenue Growth of 9.1% Year-over-Year Reaf irms FY 2024 Guidance NEW YORK, N.Y. – May 7, 2024 – Emerald Holding, Inc. (NYSE: EEX) ("Emerald" or the "Company"), America's largest producer of trade shows and their associated conferences, content and commerce, today reported financial results for the first quarter ended March 31, 2024. Financial Highlights Operational Highlights Hervé Sedky, Emerald's President and Chief Executive Officer, said, ...