Relx Plc · LSE:REL
Relx — Reed Elsevier — Shareholder Meeting (April 2013)
8 slides from Relx's shareholder meeting presentation, Apr 25, 2013
Slide 1: Reed Elsevier PLC AGM, 25 April 2013
Reed Elsevier PLC AGM 25 April 2013 Erik Engstrom, CEO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These stateme
Slide 2: Reed Elsevier 2012 progress; Profit and loss
Reed Elsevier 2012 progress • Another year of improving performance – Positive revenue growth trajectory, improving earnings growth and ROIC – Underlying revenue and profit growth in all five business areas • Continuing transformation of asset base and earnings quality – Organic development of digit
Slide 3: Adjusted earnings and dividends per share; Positive underlying revenue growth trajectory
Adjusted earnings and dividends per share Reed Elsevier PLC Adjusted EPS 50.1p +7% Reported EPS 46.0p +42% Total dividend* (proposed) 23.0p +7% * Interim 6.0p, final 17.0p 5 Positive underlying revenue growth trajectory Including biennial exhibition cycling +4% +2% +2% 2009 2010 2011 2012 -6% Underl
Slide 4: Positive underlying revenue growth trajectory; Improved underlying adjusted operating profit growth
Positive underlying revenue growth trajectory Excluding biennial exhibition cycling +3% +3% +1% 2009 2010 2011 2012 -5% 7 Improved underlying adjusted operating profit growth +6% +5% 2009 2010 2011 2012 -1% -9% 8 4
Slide 5: Increased return on invested capital; Gradual reduction in net debt / EBITDA
Increased return on invested capital 11.9% 11.2% 10.4% 10.6% 2009 2010 2011 2012 9 Gradual reduction in net debt / EBITDA 2.9x 2.5x 2.3x 2.2x 2009 2010 2011 2012 Pensions and lease adjusted; calculated in US dollars; 2012 unadjusted net debt / EBITDA 1.7x 10 5
Slide 6: Reed Elsevier strategic direction; Organic transformation
Reed Elsevier strategic direction Where we are going • Deliver improved outcomes to professional customers • Combine content & data with analytics & technology in global platforms • Build leading positions in long term global growth markets • Leverage institutional skills, assets and resources acros
Slide 7: Implications for business profile; Summary and 2013 outlook
Implications for Reed Elsevier business profile Improving quality of earnings • More predictable revenues • Higher growth profile • Improving returns 13 Summary 2012 • Progress on systematic transformation of business • Improved financial performance 2013 Outlook • “The outlook for the macro environ
Slide 8: Reed Elsevier PLC AGM, 25 April 2013
Reed Elsevier PLC AGM 25 April 2013 Erik Engstrom, CEO 8