Slide 1: Financial & Risk Strategic Partnership with Blackstone
REUTERS / Vasily Fedosenko REUTERS / Mike Blake REUTERS / Vasily Fedosenko THOMSON REUTERS Financial & Risk Strategic Partnership with Blackstone Full-Year & Fourth-Quarter 2017 Financial Highlights January 30, 2018
Slide 2: Agenda
Agenda Welcome / Introduction Frank Golden Financial & Risk Partnership with Blackstone Jim Smith Transaction Overview Stephane Bello Full-Year & Fourth-Quarter Highlights Stephane Bello Q&A 2
Slide 3: Special Note: Safe Harbor / Forward-Looking Statements
Special Note Safe Harbor / Forward-Looking Statements • This presentation consists of these slides and the associated remarks and comments, which are related and intended to be presented and understood together. • Certain statements in this presentation and discussion, including, but not limited to,
Slide 4: A Transformational Partnership
A Transformational Partnership • Blackstone has agreed to buy 55% of Thomson Reuters financial services business - one of the largest global financial information services companies ‒ Blackstone is a strategic partner and is well positioned to accelerate Financial & Risk’s progress ‒ Blackstone has
Slide 5: Why Now and Why Blackstone?
Why Now and Why Blackstone? 1. Take advantage of a favorable valuation environment and demand for information services businesses 2. Thomson Reuters has successfully invested in stabilizing and growing our financial services business and sees further opportunity ahead with a motivated partner and a
Slide 6: Why Now and Why Blackstone?
Why Now and Why Blackstone? 1. Take advantage of a favorable valuation environment and demand for information services businesses 2. Thomson Reuters has successfully invested in stabilizing and growing our financial services business and sees further opportunity ahead with a motivated partner and a
Slide 7: Transaction Financial Overview
Transaction Financial Overview • ~$20 Billion Valuation – ~$17 billion gross cash proceeds to Thomson Reuters • Cash proceeds funded with $14 billion of debt and preferred equity at partnership and $3 billion cash equity – Thomson Reuters retains 45% stake in our financial services business – Thomso
Slide 8: Significant Opportunity & Flexibility for Thomson Reuters
Significant Opportunity & Flexibility for Thomson Reuters Focused on expanding our positions & accelerating growth in Legal, Tax & Accounting & Regulatory • Businesses aligned to a common vision: To be the premier global provider of the most trusted must-have decision support tools and workflow solu
Slide 9: Significant Opportunity & Flexibility for Thomson Reuters
Significant Opportunity & Flexibility for Thomson Reuters Focused on expanding our positions & accelerating growth in Legal, Tax & Accounting & Regulatory • Businesses aligned to a common vision: To be the premier global provider of the most trusted must-have decision support tools and workflow solu
Slide 10: A Win – Win Transaction
A Win – Win Transaction Financial Benefits • Provides TRI shareholders total return in the form of cash proceeds from buyback and attractive financial profile of remaining investment • Dividend maintained at $1.38 per share for 2018 • Maintains strong/stable capital structure with flexibility Strate
Slide 11: Expected Full-Year & Fourth-Quarter 2017 Results
Expected Full-Year & Fourth-Quarter 2017 Results • Full-Year results to be released on February 8: • Expected consolidated results: Fourth-Quarter Full-Year Guidance Reported Revenue $2.9B - $2.95B ~$11.3B - $11.35B Reported Revenue Growth ~3% ~1% Constant Currency Revenue Growth ~1% ~2% Low Single
Slide 12: Q&A
Q&A 12