Slide 1: Half-yearly results for six months ended 30 September 2022
Half-yearly results for six months ended 30 September 2022 16 November 2022 © Experian, 2022. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is
Slide 2: Strategic and operational overview
Strategic and operational overview Brian Cassin, Chief Executive Officer © Experian, 2022. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a
Slide 3: Delivering strongly in H1 supported by product innovation, new business wins and consumer expansion
Delivering strongly in H1 supported by product innovation, new business wins and consumer expansion H1 highlights Credit delinquencies • Organic revenue growth: Q1 +8%, Q2 +8%: H1 +8% • Total revenue growth at constant currency: +9% June Latest 2019 • Regional H1 organic revenue growth: • North Amer
Slide 4: North America B2B resilient, linked to new product growth and new business performance
North America B2B resilient, linked to new product growth and new business performance Favourable bureau volumes trends (ex-mortgage) New product examples • Client picture varies by segment Ascend Marketing Verification Services • Tighter criteria in FinTech and for subprime score-bands Small Busine
Slide 5: North America B2B: Ascend, Verification Services and vertical expansion add to our progress
North America B2B: Ascend, Verification Services and vertical expansion add to our progress Ascend Income and Employment Verification Auto, Targeting and Health US$m FY23 Clients1 TCV2 Module 43m+ 134 • Automotive: while chip shortages continue to dampen the market, early H1 73 446 records contracts
Slide 6: Richer features attracting a larger audience in North America Consumer Services
Richer features are attracting and engaging a larger audience in North America Consumer Services; diversifying our revenue sources Features introduced in H1 FY23 Expanding free memberships and enhancing engagement • Boost with Rent • Claim Your Car for auto insurance Free memberships: • Bill negotia
Slide 7: Latin America to have a strong year with major credit market transformation underway in Brazil
Latin America to have a strong year with major credit market transformation underway in Brazil H1 progress Positive data Positive data uptake; c.190 products and features launched since positive data was enacted Open Finance Developing propositions to move beyond positive data into banking transacti
Slide 8: Good UK and Ireland H1 B2B performance driven by core bureau, analytics and new business wins
Good UK and Ireland H1 B2B performance driven by core bureau, analytics and underpinned by new business wins Securing new business wins and share of wallet gains across multiple sectors Areas of growing client need Clients becoming more focused on managing credit risk, driving demand for analytics.
Slide 9: UK Consumer Services: well positioned to help consumers with the cost-of-living crisis
UK Consumer Services: well positioned to help consumers with the cost-of-living crisis H1 trends FY23 H1 revenue split • Premium services: moderation in H1, lapping strong prior comparables • Credit marketplace: strong growth in credit marketplace in H1, credit supply more constrained recently, with
Slide 10: Implementing our plan in EMEA and Asia Pacific to drive more sustainable and profitable growth
Implementing our plan in EMEA and Asia Pacific to drive more sustainable and profitable growth Delivering growth in H1, Focusing on markets with Leverage our core Simplifying our operations margin trajectory improves a path to scale capabilities • H1 benefits from higher Australia and • Merged regio
Slide 11: Financial Review
Financial Review Lloyd Pitchford, Chief Financial Officer © Experian, 2022. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Comm
Slide 12: Highlights – first half FY23
Highlights – first half FY23 Constant FX rates Actual FX rates Results Revenue Total revenue growth 9% 7% US$3,233m (Ongoing activities) Organic revenue growth 8% EBIT Benchmark EBIT growth 8% 8% US$881m (Ongoing activities) Benchmark EBIT margin 26.6% 27.3% EPS (Continuing operations) Benchmark ear
Slide 13: Revenue growth trends
Revenue growth trends 28% 21% 15% 15% 13% 11% 22% 9% 9% 9% 16% 11% 11% 10% 9% 8% 8% 8% Q1 Q2 Q3 Q4 Q1 Q2 H1 H2 H1 FY22 FY23 FY22 FY23 Inorganic revenue growth Organic revenue growth 13 © Experian Public Growth rates at constant currency and for ongoing activities only.
Slide 14: Quarterly organic growth trends
Quarterly organic growth trends % of Group Organic growth revenue1 Q1 Q2 H1 North America (NA) 68% 7% 8% 8% CI / BI bureaux 25% 3% 2% 3% CI / BI bureaux, excluding Mortgage 22% 11% 10% 11% Data Mortgage 3% (31)% (38)% (35)% Automotive 5% 4% 11% 8% Targeting 3% 11% 16% 13% Health 8% 5% 8% 7% Decision
Slide 15: Quarterly organic growth trends
Quarterly organic growth trends % of Group Organic growth revenue1 Q1 Q2 H1 UK and Ireland 12% 5% 6% 5% CI / BI bureaux 5% 9% 10% 10% Data Targeting / Auto 1% 3% 3% 3% Decisioning DA / Other 3% 2% 6% 4% Consumer Consumer Services 3% 0% 0% 0% EMEA/Asia Pacific2 6% 3% 4% 4% Total Global 100% 8% 8% 8%
Slide 16: Benchmark EBIT margin
Benchmark EBIT margin 0.7% 27.3% 0.6% 26.9% (1.1%) 0.7% 27.1% (0.5%) 26.6% 26.3% 0.5% (0.2%) 0.3% Acquisitions Foreign Central Exited UK and EMEA/Asia exchange Activities activities North Latin Ireland Pacific and mix America America FY22 H1 FY22 H1 FY23 H1 FY23 H1 FY23 H1 reported restated organic
Slide 17: Benchmark earnings per share (EPS)
Benchmark earnings per share (EPS) +8% +6% +6% Constant EPS constant EPS actual currency currency currency growth growth growth Interest Tax and Share Foreign minority issues exchange USc 65.4 interest FY23 USc 61.7 Benchmark EBIT from continuing operations1 FY22 H1 FY23 H1 FY23 H1 reported Benchmar
Slide 18: Cash flow generation
Cash flow generation US$m Benchmark operating cash flow1 88% 89% cash conversion cash conversion • Strong cash flow generation and conversion 89% cash conversion • Benchmark operating cash flow increased 51% US$49m, 7% up on the previous year cash conversion 720 769 574 • Net capital expenditure rep
Slide 19: Funding
Funding Debt profile Bond maturity profile US$m US$m • Current debt >90% fixed for the next two years, 60% fixed for at Short-term debt <10% 362 least six years (commercial paper and bank 750 drawings) 525 525 555 500 555 525 • No bonds refinancing required until September 2024 CY22 CY23 CY24 CY25 C
Slide 20: EMEA/APAC restructuring
EMEA/APAC restructuring FY22 FY22 Reported Impact Re-presented Closing operations1 Revenue (US$m) 21 46 67 • Strategy focussed on scaling key markets EBIT (US$m) 9 (16) (7) • Selling or closing operations in a number of subscale markets Ongoing activities • H1 FY23 restructuring costs US$20m Revenue
Slide 21: Reconciliation of Benchmark to Statutory PBT
Reconciliation of Benchmark to Statutory PBT Six months ended 30 September Growth % Growth % US$m 2022 2021 (actual rates) (constant rates) Benchmark profit before tax 811 751 8 7 Amortisation of acquisition intangibles (93) (89) Acquisition and disposal expenses (21) (18) Contingent consideration (
Slide 22: Modelling considerations for FY23
Modelling considerations for FY23 Organic revenue growth 7–9% Acquisitions1 1% contribution to growth Modest margin improvement at constant exchange rates for ongoing Benchmark EBIT margin1 activities; +40 basis points for divestment and closures c. -3% on revenue, flat on Benchmark EBIT, Foreign ex
Slide 23: Closing summary
Closing summary Brian Cassin, Chief Executive Officer © Experian, 2022. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Communit
Slide 24: Closing summary
Closing summary • Delivered strongly in H1 and full-year guidance is unchanged • Product innovation, new business wins and consumer expansion position us well to continue our expansion and weather recessionary pressures • Financially strongly positioned 24 © Experian Public
Slide 25: Appendix
Appendix © Experian, 2022. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is a registered Community design in the EU. Other product and company
Slide 26: North America
North America Six months ended 30 September US$m 2022 2021 Total Organic growth growth Data 1,071 1,016 5% 5% Decisioning 403 376 7% 7% Business-to-Business 1,474 1,392 6% 5% Consumer Services 730 645 13% 12% Total revenue 2,204 2,037 8% 8% Benchmark EBIT – ongoing activities 745 737 1% Benchmark EB
Slide 27: Latin America
Latin America Six months ended 30 September US$m 2022 2021 Total Organic growth growth Data 296 249 17% 15% Decisioning 83 67 22% 21% Business-to-Business 379 316 18% 16% Consumer Services 70 46 50% 29% Total revenue 449 362 22% 18% Benchmark EBIT – ongoing activities 122 87 38% Benchmark EBIT margi
Slide 28: UK and Ireland
UK and Ireland Six months ended 30 September US$m 2022 2021 Total Organic growth growth Data 186 194 10% 9% Decisioning 105 115 4% 4% Business-to-Business 291 309 8% 7% Consumer Services 87 99 0% 0% Total revenue 378 408 6% 5% Benchmark EBIT – ongoing activities 74 86 (3)% Benchmark EBIT margin 19.6
Slide 29: EMEA/Asia Pacific
EMEA/Asia Pacific Six months ended 30 September US$m 2022 2021 Total Organic growth growth Data 149 163 2% 2% Decisioning 53 56 7% 7% Total revenue 202 219 4% 4% Benchmark EBIT – ongoing activities (4) (15) 71% Benchmark EBIT margin (2.0%) (6.8%) 29 © Experian Public All results are Benchmark figure
Slide 30: Consumer credit metrics
Consumer credit metrics USA June 2019 June 2020 June 2021 June 2022 Latest 1 Average VantageScore 682 688 695 698 697 Average credit card balance $6,494 $5,897 $5,525 $6,040 $6,202 Average revolving utilisation rate 30% 26% 25% 27% 28% Average mortgage debt $210,263 $215,655 $229,242 $246,095 $249,8
Slide 31: Contacts and ADR programme
Contacts Experian +44 (0)203 042 4200 www.experianplc.com/investors investors@experian.com Nadia Ridout-Jamieson Evelyne Bull Sarah Schibli Alex Sanderson Chief Communications Officer VP Director, Investor Relations Investor Relations and Financial Reporting Manager Nadia.RJamieson@experian.com Evel
Slide 32: Disclaimer
Event calendar 17 January 2023 Q3 trading update, FY23 17 May 2023 Preliminary announcement of full-year FY23 results 13 July 2023 Q1 trading update, FY24 19 July 2023 Annual General Meeting Disclaimer • This presentation is being made only to, and is only directed at, persons to whom this presentat
Slide 33: Half-yearly results for six months ended 30 September 2022
Half-yearly results for six months ended 30 September 2022 16 November 2022 © Experian, 2022. All rights reserved. The word "EXPERIAN" and the graphical device are trademarks of Experian and/or its associated companies and may be registered in the EU, USA and other countries. The graphical device is