Informa Plc · LSE:INF
Informa — Shareholder Meeting (June 2023)
29 slides from Informa's shareholder meeting presentation, Jun 15, 2023
Slide 1: Informa Group PLC AGM Update
Informa Group PLC AGM Update Stephen A. Carter Group Chief Executive 15 June 2023 www.informa.com
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of the Group. Although the Group believes that the expectations reflected in such forward-looking statements are reasonable, these statements are not guarantees o
Slide 3: Macro Environment
Macro Environment Global recorded new Covid cases (m) Global inflation (avg. consumer price %) 12 10 8 6 4 2 0 2020 2021 2022 2023 2024 2025 Global demand (GDP constant price %) 9 7 5 3 1 -1 -3 -5 2020 2021 2022 2023 2024 2025 Global G7 countries Emerging economies AGM Trading Update Source: W
Slide 4: Knowledge & Information Economy
Knowledge & Information Economy Specialist Market Research Specialist Brands First Party Data Peer Reviewed Research Advanced Learning Specialist Media Live Experiences Pay-to-Read Lead Generation Open Research Content Syndication On-Demand Access Audience Development Pay-to-Publish Digital Demand G
Slide 5: AGM Trading Update: Accelerating Growth
AGM Trading Update: Accelerating Growth • Strong Trading: Group underlying revenue growth of 24.5% in the first five months, including 3.0% in Academic Markets and +31.2% in B2B Markets • Increased Market Guidance: Strong underlying performance combined with portfolio additions +7 % delivers +7% i
Slide 6: Growth Acceleration
Growth Acceleration +3.0% +43.5% +19.2% +8.3% Underlying revenue growth Underlying revenue growth Underlying revenue growth Underlying revenue growth Full year guidance increased with revenue ahead of 2019 pre-COVID levels AGM Trading Update *Growth rates are to the end of May 2023 6
Slide 7: Academic Markets & Knowledge Services, B2B Markets & Digital Services
Academic Markets & Knowledge Services B2B Markets & Digital Services Live & On-Demand B2B Events • Curate high quality, peer-reviewed research from leading experts • Must have knowledge in Science Tech & • International Live & On- • Content-led Live Events, Medical, Humanities & Social Sciences Dema
Slide 8: 2021-2024 Growth Acceleration Plan 2
2021-2024 Growth Acceleration Plan 2 GAP GAP GAP GAP GAP GAP Portfolio Digital Leadership Investment Shareholder Faster Focus & Data & Talent Returns Forward Market Specialisation Digital Acceleration Enhanced Talent Investment for Growth Improving Returns Sustainable Practices Divestment of Informa
Slide 9: B2B Markets: Strong underlying market growth
B2B Markets: Strong underlying market growth Market Expansion Brand Specialist knowledge and visibility connections +20% Increasing value of high quality live Product launches interactions 34.7 40.6 Sales & Lead Qualified business Remote working 2017 2022 Generation development Market Research and C
Slide 10: International B2B Hubs and Centres
International B2B Hubs and Centres Hannover Toronto Frankfurt Paris Milan Las Vegas Chicago Beijing Madrid Bologna Anaheim New York Barcelona Tokyo Monaco San Diego Orlando New Delhi Shanghai Bahrain Miami / Ft Lauderdale Riyadh Dubai Guangzhou Shenzhen Abu Dhabi Mumbai Mexico City Hong Kong Bangkok
Slide 11: International B2B Hubs and Centres – Capital Expansion
International B2B Hubs and Centres – Capital Expansion ASEAN & INDIA EXPANSION NORTH AMERICA EXPANSION • New Delhi +140k sqm • Las Vegas: +160k sqm • Mumbai: +25k sqm • Denver: +50k sqm • Jakarta: +10k sqm • Atlanta: +55k sqm • Bangkok: +45k sqm • Milwaukee: +20k sqm • Hanoi: +50k sqm • Kuala Lumpur
Slide 12: International Trade Routes - Transport Capacity
International Trade Routes - Transport Capacity Growing global flight capacity Accelerating return of business travel Airline Capacity and Seats per Movement Global Business Travel Spend (USD bn) TOTAL CAPACITY 150 1,600 158 1,472 SOUTH AMERICA 149 1,431 1,399 163 1,400 1,299 5.2% PACIFIC 103 7.7% 1
Slide 13: International B2B Brands at Informa
International B2B Brands at Informa Healthcare & Infrastructure, Engineering, Machinery & Technology Health & Nutrition Pharmaceuticals Construction & Building Equipment £230m+ £125m+ £400m+ £160m+ c.£90m Hospitality, Maritime, Transportation Beauty & Aesthetics Finance Aviation & Aerospace Food & F
Slide 14: The Power of Major B2B Event Brands
The Power of Major B2B Event Brands REVENUE vs LOCATION CATEGORY BRAND REVENUE EXHIBITORS ATTENDEES NET SQ. FT 2019 North America Manufacturing Anaheim £15m+ 1,600+ 34,000+ 320,000+ >100% Europe Beauty & Aesthetics AMWC £10m+ 230+ 8,000+ 55,000+ >100% Middle East Healthcare Arab Health £40m+ 3,300+
Slide 15: Targeted Expansion: Addition of Tarsus & Winsight
Targeted Expansion: Addition of Tarsus & Winsight Acquisition of Tarsus for sub-9x EV/EBITDA Acquisition of Winsight for c.9x EV/EBITDA Live & On-Demand • Strengthens leadership in B2B market with Events Live & On-Demand market-leading brands, exceptional talent • Addition of specialist B2B Events,
Slide 16: B2B Growth Acceleration via adjacent market expansion
B2B Growth Acceleration via adjacent market expansion $500m+ Revenue Expansion into data-driven Audience-Led Services Specialist Market Research, Specialist Media, Specialist Training, Audience Development, Content Syndication, Lead Generation, Digital Demand Generation Omdia: leading source of subs
Slide 17: Informa Tech 2023-2028
Informa Tech 2023-2028 $1bn+ Revenue Consistent strong underlying growth Targeted additions to strengthen capabilities $500m+ Revenue Expansion beyond Tech vertical Growth and Acceleration 2023 First Party Data through IIRIS 2028 Full Service B2B customer data and analytics engine $1bn+ business in
Slide 18: IIRIS (First Party Data): Accelerating growth in first party audience data
IIRIS (First Party Data): Accelerating growth in first party audience data 1BN+ B2B Customer 1.95BN Audience Interactions Data and Analytics Engine Audience Interactions 100M+ 450M+ Unknown Audience Unknown Audience 10M+ 20M+ Known, Marketable, Known, Marketable, Engaged Audience (KEMA) Engaged Audi
Slide 19: The power and potential of Artificial Intelligence at Informa
The power and potential of Artificial Intelligence at Informa • AI already deployed throughout Content indexing Live speech to text Long/Short-form content and classification conversion/translation creation via ChatGPT Informa in a variety of products and Content services Video to text Enhanced vali
Slide 20: Academic Markets: strong underlying market growth drivers
Academic Markets: strong underlying market growth drivers OECD Spending on Research & Development Thirst for 1,600 Growing research output knowledge USD bn 1,500 Research 3.5% CAGR Technology innovation globalisation 1,400 Shift to Subject specialisms Shift to Open Access 1,300 Open Access 1,200 Ind
Slide 21: Academic Markets growth through Open Research Expansion
Academic Markets growth through Open Research Expansion • Continuing strength in traditional Pay-to-Read Subscriptions Targeting the full Ambiguous Clear and Advanced Learning life cycle of Funding Funding Dynamic Static • High subscription renewal rates, further growth in digital Knowledge Data- Wo
Slide 22: Improving quality of earnings from diversified service offering
Improving quality of earnings from diversified service offering Print v Digital Institution v Retail Intermediaries v Direct 2025 18% | 82% 2025 76% | 24% 2025 43% | 57% 2022 21% | 79% 2022 72% | 28% 2022 53% | 47% 2017 31% | 69% 2017 71% | 29% 2017 77% | 23% Researcher Services: Pay to Read v Produ
Slide 23: Near-term AI Deployments at Informa
Near-term AI Deployments at Informa B2B Academic Function Illustration Markets Markets Content creation • Creation of text and video content; author support Content & Content curation • Fake detection Audience Audience • Capture of behavioural data based on human object detection, and real-time cong
Slide 24: Capital Allocation Discipline
Capital Allocation Discipline • Share Buyback Programme launched on 14 February 2022 Commitment raised to £725m through 2022 and to £1bn in March 2023 • 128m+ shares repurchased and cancelled at average price of 607p • c.£785m completed by 2023 AGM with programme likely to run to Q4 2023 £1bn • Re
Slide 25: Continuing Balance Sheet Strength
Continuing Balance Sheet Strength Debt maturities (£m) Strong cash delivery EMTN £550m+ Free Cash Flow expected in 2023 1,600.0 RCF drawn Debt refinancing through Covid removed all -- 1,400.0 - RCF Undrawn1 group financial covenants Bank 1,200.0 €450m bond to be Average debt maturity 3.1 yea
Slide 26: Increased Market Guidance for 2023
Increased Market Guidance for 2023 2023 Market Guidance 2023 Updated Guidance • Revenue: £2,750m – £2,850m • Revenue: £2,950m – £3,050m • Adjusted Operating Profit: £675m – £725m • Adjusted Operating Profit: £750m – £790m • Operating Margin increase by 250bpts+ • Implied Operating Margin increase c.
Slide 27: Further Growth and Acceleration in 2024 and beyond
Further Growth and Acceleration in 2024 and beyond Volume Growth Dividend Value Growth Growth Free Cash Margin Flow Growth Deployment Balance Sheet Service Strength Expansion AGM Trading Update 27
Slide 28: The Informa Group
The Informa Group GROWTH A strong and high performing business Further strong growth in all businesses in 2023, with continuing volume and value growth ACCELERATION in 2024; 10% increase in Operating Profit guidance for 2023 DIGITAL Scale, strength and growth in B2B Digital Services for B2B Tech buy
Slide 29: Thank You
O informa Thank You