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  "documentTitle": "Tradeweb | Investor Presentation Deck | 29 slides",
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  "authorName": "Tradeweb",
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  "presentationDate": "2022-04-01 00:00:00",
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  "notes": "Includes a 3-pillar capital allocation framework and a combo chart showing FCF growth and conversion.",
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      "kind": "chart",
      "text": "STRONG FREE CASH FLOW GROWTH & CONVERSION ($M)",
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      "kind": "framework",
      "text": "Invest in Profitable Growth (3-5 YEAR TIME HORIZON), Return Capital to Shareholders (DIVIDEND + BUYBACK), Opportunistic Acquisitions (EXPAND OR ENHANCE CAPABILITIES)",
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      "text": "Balanced strategy of returning capital to shareholders (dividend + buyback) and investing in the business\nStrong balance sheet with $828 million of cash and cash equivalents, supported by strong free cash flow generation\n$500 million revolver remains undrawn as of March 31, 2022\n$150 million share repurchase program which we will use primarily to offset annual equity grants",
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      "text": "1. $150M Share repurchase authorized in February 2021. $27.0 million of share repurchase authorization remains outstanding at end of 1Q22.\n2. Free Cash Flow (\"FCF\") is a non-GAAP financial measure. FCF Conversion is FCF divided by Adjusted Net Income for the applicable period. See \"Appendix\" for a reconciliation to its most comparable GAAP financial measure.",
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      "text": "Capital Management",
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