News Corporation · NASDAQ:NWS

News — Investor Day (September 2020)

173 slides from News's investor day presentation, Sep 21, 2020

  1. Slide 1: Dow Jones Investor Day September 2020

    Dow Jones Investor Day September 2020

  2. Slide 2: Cautionary Statement

    Cautionary Statement This presentation contains statements that constitute “forward-looking statements” within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended. All statements that are not statements of historical fact are forward- looking stat

  3. Slide 3: Robert Thomson

    Robert Thomson

  4. Slide 4: Then and now: FY14 vs FY20 revenue and EBITDA mix

    News Media 31% Dow Jones 18% Book Publishing 18% Sub. Video Services 21% News Media 53% Dow Jones 19% Book Publishing 17% Sub. Video Services 6% News Media 5% Dow Jones 20% Book Publishing 18%Digital Real Estate Services 29% Sub. Video Services 28% News Media 37% Dow Jones 18% Book Publishing 16% Di

  5. Slide 5: Circulation and subscription revenue

    Circulation and subscription revenue Note: News Corp began consolidating Foxtel results in the fourth quarter of fiscal 2018. FY14 FY20 $4m $3m +43% $2.7b $3.8b

  6. Slide 6: Monthly unique users

    (1) Average monthly unique users for Q4 FY20. Web and app. Monthly unique users of realtor.com®’s web and mobile sites for August 2020 were 92 million. (2) Average monthly unique users for Q4 FY20. Google Analytics. (3) Average monthly unique users for Q4 FY20. Web and app. (4) Average monthly uniqu

  7. Slide 7: Almar Latour

    Almar Latour

  8. Slide 8: Three things: who we are, opportunities, how we'll succeed

    Who we are today The opportunities How we’ll succeed THREE THINGS

  9. Slide 9: Dow Jones brands

    [> DOW JONES THE WALL STREET JOURNAL BARRON'S MarketWatch DOW JONES J RISK & COMPLIANCE DOW JONES DOW JONES DB FACTIVA J NEW

  10. Slide 10: Video

    Video

  11. Slide 11: Three things: who we are today

    THREE THINGS Who we are today The opportunities How we’ll succeed

  12. Slide 12: Truth to good ends

    Truth to good ends“ “

  13. Slide 13: Our mission

    The source of truth and insight for decision-makers OUR MISSION

  14. Slide 14: Strong foundation

    Strong foundation

  15. Slide 15: 152m record digital audience

    152m Record digital audience Note: Audience volume (internal reported average unique monthly visitors) based on FY20 Q4 figures

  16. Slide 16: 3.8m record subscriptions

    3.8m Record subscriptions Note: Subscription volume based on FY20 Q4 figures

  17. Slide 17: Record digital revenue

    Record digital revenue Note: Revenues based on FY20 full year. $1.0b

  18. Slide 18: $160m record Risk & Compliance revenue

    $160m Record Risk & Compliance revenue Note: Source: Approximate total annual revenue for Risk & Compliance in FY20, based on internal reporting.

  19. Slide 19: Record recurring revenue

    Record Recurring revenue Note: Revenues based on FY20 full year. Recurring revenues from circulation, subscription and other revenue excluding single-copy sales and other one-time revenue as a percentage of total revenue in FY20

  20. Slide 20: Three things: the opportunities

    Who we are today The opportunities How we’ll succeed THREE THINGS

  21. Slide 21: A flight to quality

    MARKET TRENDS A flight to quality The most trusted news brand in the U.S. Source: Simmons Research News Media Trust Index 2018, Reuters Institute Digital News Report 2020

  22. Slide 22: Generational shift and wealth transfer

    A flight to quality MARKET TRENDS Generational shift Historic wealth transfer Citation: The Cerulli Report—U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2018

  23. Slide 23: Increased regulation

    A flight to quality MARKET TRENDS Source: The Cap Gemini World Wealth Report, 2017 Increased regulation Generational shift Increased regulation, more complex global trade

  24. Slide 24: The opportunity in the U.S.

    90 million Sources: Market Sizing, Aug 2020. Base = 4000n US nationally representative sample THE OPPORTUNITY + (in the U.S. alone)

  25. Slide 25: Three things: how we'll succeed

    Who we are today The opportunities How we’ll succeed THREE THINGS

  26. Slide 26: How we'll win: Scale, Connect, Accelerate, Superskill

    Scale Connect Accelerate Superskill HOW WE’LL WIN

  27. Slide 27: Scale

    Scale Invest in data and technology Reach new audiences and markets Diversify our products 1 2 3

  28. Slide 28: Connect

    Deepen our customer engagement Organize our business around what our customers need 1 2 3 Connect Partner to offer valuable goods and services

  29. Slide 29: Accelerate

    Further evolve our digital operating model Become lighter, faster and more flexible Reimagine our structure and ways of working 1 2 3 Accelerate

  30. Slide 30: Superskill

    Invest further in top talent to drive tech advances Strengthen diversity and inclusion at every level Continue building a workforce that matches our ambition 1 2 3 Superskill

  31. Slide 31: Agenda

    Josh Stinchcomb Advertising Guy Harrison Dow Jones Risk & Compliance Christina Van Tassell Financials Suzi Watford Membership Matt Murray Journalism AGENDA Q&A

  32. Slide 32: Suzi Watford

    Suzi Watford [5

  33. Slide 33: Serving members, digital first, growing membership

    Serving members Digital first Growing membership

  34. Slide 34: Membership is the engine for growth

    Membership is the engine for growth

  35. Slide 35: Our membership brands

    Our membership brands BARRONS THE WALL STREET JOURNAL. DOW JONES

  36. Slide 36: Our membership brands

    Our membership brands ‘ BARRONS DOW JONES J FACTIVA D { ‘THE WALL STREET JOURNAL. DOW JONES [ J RISKS, DOW JONES COMPLIANCE

  37. Slide 37: Serving members

    Serving members Digital first Growing membership

  38. Slide 38: We are not a nice to have. We are essential.

    We are not a nice to have. We are essential.

  39. Slide 39: The most widely trusted newspaper brand

    The most widely trusted newspaper brand Source: Reuters Institute Digital News Report 2020

  40. Slide 40: Trust is correlated with willingness to pay

    Not At All Trustworthy Slightly Trustworthy Somewhat Trustworthy Very Trustworthy Completely Trustworthy 22% 46% 55% 73% 84% Trust is correlated with willingness to pay Source: Politics, Trust & Media 2019 (Dow Jones proprietary research) Willingness to pay

  41. Slide 41: Member testimonial

    WSJ is the educated and unbiased news for me. It’s a source I can share with anyone without feeling like I have taken a side. ” Source: Brand Associations, June 2020

  42. Slide 42: Our journalism is valued. Our audience is valuable.

    Our journalism is valued. Our audience is valuable.

  43. Slide 43: 98% inspired by Barron's content

    98% Are inspired by Barron's content to make investment decisions Source: WSJ | BG Intelligence Group Barron’s Group Study June 2020

  44. Slide 44: We reach more of the C-suite

    We reach more of the C-suite Sources: GBI 2019 USA, Europe, APAC, Sample size N=11,514 (WSJ and MarketWatch brands); GBI 2019 USA, Sample Size N=1,402 (Barron’s); Reach reflects engagement with brands in past 30 days from date of being surveyed. Global C-suite executives (thousands)

  45. Slide 45: From the classroom to the boardroom

    From the classroom to the boardroom

  46. Slide 46: WSJ membership is getting younger

    2016 2020 56 49 WSJ membership is getting younger Source: Internal Reporting, Average age of WSJ U.S. subscriber, October 2016-March 2020

  47. Slide 47: Lifetime relationships. Lifetime revenue.

    Lifetime relationships. Lifetime revenue.

  48. Slide 48: Digital first

    Serving members Digital first Growing membership

  49. Slide 49: A world-class digital membership machine

    A world-class digital membership machine

  50. Slide 50: Record digital audience 152m

    Record digital audience 152m Source: FY20 Q4 monthly average of total unique visitors across Dow Jones brands owned and operated platforms, based on Adobe Analytics.

  51. Slide 51: Customer-led dynamic paywall

    Customer-led dynamic paywall

  52. Slide 52: Dynamic paywall: 4x increase in onsite conversion

    2015 2016 2017 2018 2019 2020 Dynamic paywall introduced Source: Internal Reporting, January 2015-January 2020 Conversion Rate on WSJ 4x increase in onsite conversion

  53. Slide 53: Core content drives sales

    Core content drives sales = BARRONS © Your Pare Financial Advice Is (Kind Of) Wrong

  54. Slide 54: More than doubled digital circulation revenue

    FY15 FY20 $421m $200m Note: Revenue represents total digital circulation revenue. More than doubled digital circulation revenue

  55. Slide 55: Digital circulation revenue share of total

    FY15 FY20 $421m $200m Note: Revenue represents total digital circulation revenue. 58% More than doubled digital circulation revenue of total circulation revenue

  56. Slide 56: Premium-priced digital membership

    Full price $38.99 a month Intro o"er $19.50 a month Full price $19.99 a month Intro o"er $9.99 a month Premium-priced digital membership

  57. Slide 57: New digital membership testing

    Full price $38.99 a month Intro o"er $19.50 a month Full price $19.99 a month Intro o"er $9.99 a month New digital membership testing

  58. Slide 58: Find, attract, convert, engage

    Get the facts to navigate market ‘THE WALLSTREET JOURNAL, Find Attract ‘THE WALL STREET JOURNAL Uncertain Times Call Ss for Trusted Fa Convert Engage

  59. Slide 59: Understanding our members

    Understanding our members

  60. Slide 60: Growing membership

    Serving members Digital first Growing membership

  61. Slide 61: Our circulation revenue and membership are growing

    Our circulation revenue and membership are growing FY15 FY16 FY17 FY18 FY19 FY20 3.8m 3.3m 3.0m2.8m 2.5m2.4m $549m $568m $595m $652m $697m $740m Note: Revenue represents total circulation & other revenue. Presented on a 52-week basis. Dow Jones total member subscriptions volume based on June-ending

  62. Slide 62: The platform for growth

    The platform for growth

  63. Slide 63: The opportunity: US membership

    90+m 56m 12m College-educated and interested in DJ's core content The opportunity US membership Are currently, or willing to, pay for news Likely or Very Likely Subscribers to DJ Sources: Market Sizing, Aug 2020. Base = 4000n US nationally representative sample interest d in Dow ones rt it : U.S. e

  64. Slide 64: A platform as powerful as the people who use it

    A platform as powerful as the people who use it

  65. Slide 65: Matt Murray

    Matt Murray

  66. Slide 66: The premier business news provider

    The premier business news provider Standing apart with fair factual journalism Digital transformation

  67. Slide 67: The Wall Street Journal

    ‘THE WALL STREET JOURNAL.

  68. Slide 68: WSJ weekend edition

    ‘The New Face of 502 ‘OFF DUTY ‘THE WALL STREET JOURNAL WEEKEND [oom ants | eceép ssssss _ SATURDAY/SUNDAY, MARCH 1¥- 15, 2020 - VOL, CCLAXV NO. 6 WSdcom eH $5.00 What’ Trump Declares Virus Hy ue News ce

  69. Slide 69: WSJ front page

    THE WALL STREET JOURNAL. os Virus Warning Rocks Markel DAY, FEBRUARY 2 1020 = VOL. CCLAXY NO. 46 CDC Expects Wider Sj Vatontonertrmunrret Treasury Yields Hit Record Low; Busines Finance AS Washington Gaon Response ** Stocks Fall on Disruption Fears Tees Mei. pata" en _g SE aes ee Se eee Peeeees See

  70. Slide 70: Barron's

    BARRON'S WASHINGTON ANEW DEALFOR ‘THIS TIME, MUST GO BIG HEALTHCARE | BANKS CANHELP

  71. Slide 71: Barron's cover: The Trillion Dollar Hole

  72. Slide 72: Barron's

    BARRONS

  73. Slide 73: The world's definitive source

    The world’s definitive source

  74. Slide 74: Travel During Covid: Disney World, But Empty

    Travel During Covid: Disney World, But Empty

  75. Slide 75: Iger

    ‘RT IGER ROBE

  76. Slide 76: Michael Cohen coverage

    THE WALL ead JOURNAL. Michael Cohen: Full ae Trump's former lawyer ael Cohen,aift Recorded Plone Call, vs “ f ¥ Cul 7 Hush-Money Probe Donald Trump Played alks Back Parts of GuilltyPlea Gathered Evidence From Central Role in Hush osibility for sor P’ Payoffs i a recent recorded phot io inal charge e

  77. Slide 77: The NBA Stops Play

    The NBA Stops Play and Proves It Never Was a Bubble

  78. Slide 78: Actionable intelligence

    Actionable intelligence = a= ws) ag= WS) Qa Health Officials Work to Robinhood Faces SEC Solve Chin: Probe for Not Virus Outbreak _ _ Disclosing Deals With pce High-Speed Traders Yearslong Rise Is n= Accusations 2", on Th a Dubious

  79. Slide 79: Actionable intelligence

    Actionable intelligence aa wee SS AN = S5 ee 2-4/1 Navigating as The Ravigating © ‘Coronavi iru ‘tw Coronavirus Ss) low to Navigate ore Coronavirus

  80. Slide 80: First read, last word

    First read Last word

  81. Slide 81: Facts, data, information, reported analysis

    Facts, Data, Information, Reported analysis

  82. Slide 82: WSJ Opinion

    WSJ Opinion __Js mn on mann What Could Go Low Rates Wrong on Election The More Forever! Day Important The FedealRese El ction ene

  83. Slide 83: Providing objective facts and insight

    Providing objective facts and insight

  84. Slide 84: Our growing community

    Our growing community

  85. Slide 85: Leading-edge of digital innovation

    Leading-edge of digital innovation

  86. Slide 86: 1,500+ journalists in 50+ locations

    1,500+ journalists, in 50+ locations Note: Employee count as of August 2020

  87. Slide 87: Weekly content output

    1,000 digital articles 36 videos 41 podcast episodes 4,800 newswires headlines 3 live events 100+ newsletters 6 newspapers 1 Week

  88. Slide 88: 5G Can Replace Your Home Internet

    5G Can Replace Your Home Internet— Your Motor-Home Internet, That Is

  89. Slide 89: White House to Target Hospitals for Covid-19 Data

    White House to Target Hospitals for Uneven Covid-19 Data Reporting

  90. Slide 90: TikTok Deal Talks Are Slowed

    TikTok Deal Talks Are Slowed Over New China Rules

  91. Slide 91: Innovative product experiences

    Innovative product experiences

  92. Slide 92: Sign Up for WSJ's Six-Week Money Challenge

    Sign Up for WSJ’s Six-Week Money Challenge Easy personal finance exercises for hard times

  93. Slide 93: Today's Print Edition

    ni? Via web bros: THE WALL STREET JOURNAL. Today's Print Edition “THE WALL STREET JOURNAL

  94. Slide 94: Individual-Investor Boom Reshapes U.S. Stock Market

    Individual-Investor Boom Reshapes U.S. Stock Market

  95. Slide 95: Live Q&A Events

    hs: ws STREET JOURNAL. Live Q&A Events Dive into timely topics with The Wall Street Journal and newsmakers. Members can contribute questions to the live video discussion, Upcoming Live Q&A Events 0 | Newsmakers Live: In Conversation with Atlanta Fed Pres. Raphael Bostic coronavirus pandemic shock, S

  96. Slide 96: WSJ Jobs Summit

    THE WALL STREET JOURNAL. JOBS SUMMIT Succeed in the Search Complimentary Online Event: September 1, 2020

  97. Slide 97: Impactful journalism

    Impactful journalism

  98. Slide 98: Amazon Has Ceded Control of Its Site

    Amazon Has Ceded Control of Its Site. The Result: Thousands of Banned, Unsafe or Mislabeled Products

  99. Slide 99: Facebook's Zuckerberg Questioned in FTC Antitrust Probe

    Facebook’s Zuckerberg Questioned in FTC Antitrust Probe

  100. Slide 100: How Google Interferes With Its Search Algorithms

    THE WALL STREET JOURNAL. How Google Interferes With Its Search Algorithms and Changes Your Results ‘By Kirsten Grind, Sam Schechner, Robert McMillan and John West

  101. Slide 101: Blood-Testing Firm Theranos to Dissolve

    Blood-Testing Firm Theranos to Dissolve

  102. Slide 102: How Adam Neumann's Style Built WeWork

    ‘THE WALL STREET JOURNAL. uses How Adam Neumann’s Over- the-Top Style Built WeWork. % MADE BY WE MADE BY WE ‘This Is Not the Way Everybody MADE BY We MADE BY WE Behaves,’ MADE BYWEN

  103. Slide 103: PG&E Knew for Years Its Lines Could Spark Wildfires

    THE WALL STREET JOURNAL. \wsiivgsncanou PG&E Knew for Years Its Lines Could Spark Wildfires, and-Didn’t Fix Them Documents obtained by The Wall Street Journal show thatthe utility has long been aware that parts of its 18,500-mile transmission system were dangerously outdated > sian Ay tor Corp. knew

  104. Slide 104: China Message to U.S.: Crossing 'Red Lines'

    China Message to U.S.: Crossing ‘Red Lines’ Could Put Trade Deal at Risk

  105. Slide 105: Morgan Stanley Is Buying E*Trade

    Morgan Stanley Is Buying E*Trade, Betting on Smaller Customers

  106. Slide 106: Time of transformation

    Time of transformation

  107. Slide 107: Invest smartly in our audiences' needs

    Invest smartly in our audiences needs

  108. Slide 108: First read, last word

    First read Last word

  109. Slide 109: Josh Stinchcomb

    Josh Stinchcomb

  110. Slide 110: Digital advertising momentum

    Digital advertising momentum

  111. Slide 111: B2B digital ad spend

    B2B digital ad spend Source: eMarketer U.S. B2B digital advertising 2020. 20% 21% CY19 CY20-E CY21-E $9.03b $8.14b $6.64b

  112. Slide 112: Audience, digital offerings, team of experts

    A high-quality audience that trusts us with their data Expanded digital o"erings in growth areas Team of experts

  113. Slide 113: Audience, digital offerings, team of experts

    A high-quality audience that trusts us with their data Expanded digital o"erings in growth areas Team of experts

  114. Slide 114: High-quality audiences

    High-quality audiences 80% U.S. C-Suite ~90% #1 in competitive set $16.9t Aggregate net worth #1 in competitive set of liquid assets $2M+ Influence $9 of $10 in total business purchases #1 in competitive set Sources: GBI 2019 USA (for "80% U.S. C-Suite") and Spring 2020 Ipsos Affluent Study. Comp set:

  115. Slide 115: High-value community segments

    High-value community segments

  116. Slide 116: Expanded digital offerings in growth areas

    A high-quality audience that trusts us with their data Expanded digital o"erings in growth areas Team of experts

  117. Slide 117: Expanded digital offerings: display, data, custom and events

    Traditional Display Custom & Virtual Events FY21 FY23 Driven by data and performance Driven by creativity and service Expanded digital o"erings Data-driven digital Traditional display Custom and virtual events Source: Current Internal Financial Projections, % of digital advertising revenue FY21-FY23

  118. Slide 118: Custom content

    Custom content Source: Internal Salesforce Reporting, FY20 versus FY19. 19% Improved close rate 38% Improved renewal rate 42% Increase in multi-year $1m+ partnerships

  119. Slide 119: Virtual events

    Virtual events Upfront buying commitment 2x production e#ciency 2x attendee scale Source: Internal Salesforce Reporting, Internal Event Data FY21 YTD.

  120. Slide 120: Custom content and event clients

    Custom content and event clients

  121. Slide 121: Data-driven and automated

    Data-driven and automated Source: Internal Financial FY20 actuals 68% Premium programmatic revenue grew in FY20 147% Digital ad partnerships grew in FY20 26% First-party data products grew in FY20

  122. Slide 122: First-party data clients

    First-party data clients Schneider (A ATLASSIAN [JANIoS Sprint AS (inte) Invesco

  123. Slide 123: Team of experts

    A high-quality audience that trusts us with their data Expanded digital o"erings in growth areas Team of experts

  124. Slide 124: Our expertise

    Our expertise Rebalancing focus Infusing digital sales expertise Diversified, skilled, leaner

  125. Slide 125: A category of one

    A category of one

  126. Slide 126: Guy Harrison

    Guy Harrison

  127. Slide 127: Video

    Video >

  128. Slide 128: Our growth story so far

    Our growth story so far A valuable business Where next? Our growth story so far

  129. Slide 129: Our growth story so far

    Our growth story so far A valuable business Where next?

  130. Slide 130: We help customers manage risk and stay compliant

    We help our customers manage risk and stay compliant

  131. Slide 131: What we offer: Data

    What we o"er Data Adverse Media Beneficial Ownership Politically Exposed Persons Sanctions Specialist Lists

  132. Slide 132: What we offer: Software

    What we o"er Software RiskCenter | Financial Crime RiskCenter | Third Party RiskCenter | Trade Compliance

  133. Slide 133: What we offer: Services

    What we o"er Services Compliance Training Due Diligence Research Managed Services Professional Services

  134. Slide 134: Risk & Compliance revenue growth FY16-FY20

    $0 $50 $100 $150 $200 FY16 FY17 FY18 FY19 FY20 ($m) ~$160m 20 quarters of double-digit growth year-over-year Source: Risk & Compliance year-over-year revenue growth from FY14-FY20, based on internal reporting.

  135. Slide 135: $160m in total annual revenues

    in total annual revenues Source: Approximate total annual revenue for Risk & Compliance in FY20, based on internal reporting. $160m

  136. Slide 136: A highly undervalued part of a highly undervalued company

    A highly undervalued part of a highly undervalued company

  137. Slide 137: A valuable business

    Our growth story so far A valuable business Where next? Our growth story so far

  138. Slide 138: Highest-quality data

    Highest-quality data

  139. Slide 139: Essential products and services

    Essential products and services Novartis, Alcon Pay $347 Million to Settle Bribery Probes

  140. Slide 140: A global customer base

    A global customer base Americas Asia Pacific Europe, Middle East, Africa 51% 24% 25% Source: Risk & Compliance revenue distribution by geography for FY20, based on internal reporting.

  141. Slide 141: Long-term contracts are 95% of revenues

    Long-term contracts are 95% of revenues Source: Average recurring revenue for Risk & Compliance in FY20, based on internal reporting. Excludes one-time revenue from Due Diligence report sales.

  142. Slide 142: Where next?

    A valuable business Where next? Our growth story so far

  143. Slide 143: Regulation

    Regulation Regulation Regulation Regulation Regulation

  144. Slide 144: Regulation across compliance areas

    Anti-money laundering Counter-terrorism financing Sanctions compliance Anti-bribery and corruption International trade compliance Regulation Regulation Regulation Regulation Regulation

  145. Slide 145: Compliance is going mainstream

    Compliance is going mainstream

  146. Slide 146: From data delivery to complete compliance

    From data delivery to complete compliance Workflow, Tools and Analytics Industry Standards and other Regulations Identity, Fraud and Cyber Supply Chain and Operational Risk Growth business Data and Content Financial Crime (KYC, AML) Services Long-term growth Core focus

  147. Slide 147: Trust-driven compliance partner

    Trust-driven compliance partner

  148. Slide 148: Christina Van Tassell

    Christina Van Tassell

  149. Slide 149: Extraordinary potential

    Extraordinary potential

  150. Slide 150: Diversified, predictable, investing for growth

    Diversified & global business Predictable, profitable & productive Investing for growth

  151. Slide 151: Dow Jones is diversified

    Dow Jones is diversified AdvertisingCirculation Professional Information Business Primary revenue streams

  152. Slide 152: We are global

    >10k total customers in 162 countries Customers 4.4k employees in 36 countries Employees We are global ~3.8m member subscriptions in 182 countries Members Note: Member data based on June-ending quarterly averages, with independent assurance provided by PricewaterhouseCoopers LLP UK. Customer and emp

  153. Slide 153: Predictable, profitable and productive

    Diversified & global business Predictable, profitable & productive Investing for growth

  154. Slide 154: Continued growth

    Continued growth $1.6b Total revenue $236m Segment EBITDA 15% Segment EBITDA margin Note: Results represent the fiscal year ending, June 30, 2020. +13% YoY+3% YoY +1.4 ppts YoY

  155. Slide 155: Record performance

    152m Digital audience 3.8m Member subscriptions $1.0b Digital revenue $160m Risk & Compliance revenue Notes: Figures represent results for the fiscal year ended June 30th, 2020. Digital audience represents Dow Jones owned & operated properties monthly average unique visitors for the fiscal quarter end

  156. Slide 156: Revenue is increasingly digital

    Revenue is increasingly digital 0% 25% 50% 75% 100% FY14 FY15 FY16 FY17 FY18 FY19 FY20 Professional Information Business Digital Advertising Digital Circulation & Other Print Advertising Print Circulation Other 27% 9% 12% 29% 21% 19% 12% 28% 28% 10% 48% Digital 67% Digital Note: “Digital Circulation

  157. Slide 157: Revenue is increasingly predictable

    FY14 FY15 FY16 FY17 FY18 FY19 FY20 55% 60% 65% 70% 75% Recurring revenue 75% Note: Recurring revenue across circulation, subscription and other revenue lines excluding single-copy sales and other one-time revenue Pe rc en ta ge o f t ot al re ve nu e Revenue is increasingly predictable

  158. Slide 158: Revenue is increasingly profitable

    FY18 FY19 FY20 $236m $208m$193m Segment EBITDA 15% margin 13% margin +8% YoY +13% YoY Revenue is increasingly profitable

  159. Slide 159: Investing more productively

    0% 25 % 50 % 75 % 10 0% FY14 FY15 FY16 FY17 FY18 FY19 FY20 27% 48% 25% 48% 38% 14%Ru n Tr an sf or m Gr ow Note: The above outlines total Dow Jones capital expenditures. $49m $59m Investing more productively

  160. Slide 160: Investing for growth

    Diversified & global business Predictable, profitable & productive Investing for growth

  161. Slide 161: Scale, Connect, Accelerate, Superskill

    Scale Connect Accelerate Superskill

  162. Slide 162: Technology, product, experience, audience platforms

    Technology Product Experience AudiencePlatforms

  163. Slide 163: Content and data

    Content & Data Journalism Unique sources & access Cross-product opportunities

  164. Slide 164: Global news and information sources

    33k 16k >3m Global news & information sources News items published per day on average Profiles included in the database Note: Factiva and Newswires data from the FY20 News Corp Form 10-K. Risk & Compliance profile data from internal reporting.

  165. Slide 165: People

    People Upskilling talent Diversity & inclusion Future of work Culture

  166. Slide 166: Dow Jones equals opportunity

    Product Operations Results Dow Jones equals opportunity

  167. Slide 167: Create value

    Create value

  168. Slide 168: Thank you

    Thank you

  169. Slide 169: Everything can be improved

    99 Everything can be improved

  170. Slide 170: Dow Jones Investor Day September 2020

    Dow Jones Investor Day September 2020

  171. Slide 171: Production health and safety

    Production health and safety Health screenings and temperature checks Social distancing was practiced and actively monitored Face coverings worn throughout, except when presenting on camera

  172. Slide 172: Appendix

    Appendix

  173. Slide 173: Dow Jones segment quarterly results FY2019 and FY2020

    The following table provides the results of the Dow Jones segment for the fiscal years ended June 30, 2020 and 2019 and the fiscal quarters therein. FY2019 and FY2020 Dow Jones segment quarterly results

News — Investor Day (September 2020) on 6ix