Relx Plc · LSE:REL
Relx — Reed Elsevier — Shareholder Meeting (April 2011)
6 slides from Relx's shareholder meeting presentation, Apr 19, 2011
Slide 1: Reed Elsevier NV AGM
Reed Elsevier NV AGM 19 April 2011 Erik Engstrom, CEO Reed Elsevier Improved 2010 trading performance; underlying revenues +2% against 6% decline in 2009 Considerable progress in development of business • Markets stabilised or improved • Increased product development • Sharpened operational focus Ex
Slide 2: Profit and loss; Cash flow and balance sheet
Profit and loss 2010 2009 Year to 31 December €m €m % change Revenue 7,084 6,800 +4% Adjusted operating profit* 1,819 1,758 +3% Adjusted net profit* 1,150 1,099 +5% Statutory net profit** 751 438 +71% *Adjustments exclude amortisation, impairment, exceptional restructuring costs and disposal gains a
Slide 3: Earnings per share and dividends; Revenue
Earnings per share and dividends Reed Elsevier NV Adjusted EPS €0.78 -1% Reported EPS €0.51 +62% Interim dividend €0.109 +2% Final dividend (proposed) €0.303 +3% Total dividend €0.412 +3% 5 Revenue: €7,084m 2009 2010 €m % change % change Year to 31 December underlying underlying 840 Elsevier +4% +2%
Slide 4: Adjusted operating profit; Reed Elsevier today
Adjusted operating profit: €1,819m 2009 2010 €m % change % change Year to 31 December underlying underlying Elsevier +9% +4% 104 185 LexisNexis -15% -12% Reed Exhibitions -31% +4% 847 693 Reed Business Information -34% +4% Reed Elsevier -9% -1% 7 Reed Elsevier today Revenue Adjusted operating profit
Slide 5: Elsevier today; Creating value
Reed Elsevier today Revenue by format 27% 25% 37% 33% 56% 52% 51% 64% 64% 60% 58% 14% 14% 15% 17% 13% 12% 12% 12% 12% 14% 14% 59% 61% 48% 50% 32% 35% 37% 28% 30% 22% 22% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Electronic Face to face Print 9 Reed Elsevier today Creating value for prof
Slide 6: Reed Elsevier: In conclusion
Reed Elsevier: In conclusion 2010 • Returned to overall underlying revenue growth • Considerable progress on individual business unit priorities 2011 • Underlying revenue growth in each of Reed Elsevier’s businesses in first quarter* • Expect gradual recovery and continued improvement in performance