Relx Plc · LSE:REL
Relx — Reed Elsevier — Shareholder Meeting (April 2012)
8 slides from Relx's shareholder meeting presentation, Apr 24, 2012
Slide 1: Reed Elsevier NV AGM
Reed Elsevier NV AGM 24 April 2012 Erik Engstrom, 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
Slide 2: Profit and loss
2011 • Improvement in operating performance • Significant strategic progress 3 Profit and loss 2011 2010 Year to 31 December €m €m % change Revenue 6,902 7,084 -3% Adjusted operating profit* 1,870 1,819 +3% Adjusted net profit* 1,219 1,150 +6% Reported net profit 874 751 +16% * Adjusted figures excl
Slide 3: Earnings per share and dividends; change in underlying revenue, profit
Earnings per share and dividends Reed Elsevier NV Adjusted EPS €0.83 +6% Reported EPS €0.59 +16% Interim dividend €0.110 +1% Final dividend (proposed) €0 326 €0.326 +8% Total dividend €0.436 +6% 5 Change in underlying revenue, profit Adjusted operating Year to 31 December 2011 Revenue profit El i El
Slide 4: Underlying revenue growth and adjusted operating profit growth
Underlying revenue growth excluding biennial exhibition cycling +6% +4% +3% +1% 2007 2008 2009 2010 2011 -5% 7 Underlying adjusted operating profit growth +10% +9% +5% 2007 2008 2009 2010 2011 -1% -9% 8 4
Slide 5: Return on invested capital; Net debt/adjusted EBITDA
Return on invested capital 11.8% 12.1% 11 2% 11.2% 10.4% 10.6% 2007 2008 2009 2010 2011 9 Net debt/adjusted EBITDA 3.3x 2.9x 2.5x 2.2x 2.3x 2007 2008 2009 2010 2011 Pension and lease adjusted; calculated in US dollars; 2007 pro forma for special distribution; 2008 pro forma for ChoicePoint acquisiti
Slide 6: Format transition and geographic evolution
Format transition 2006 2011 Print 22% Electronic Print 37% 51% Face to face Electronic 15% 63% Face to face 12% 11 Geographic evolution Percent of revenues outside North America & Europe 17% 12% 2006 2011 12 6
Slide 7: Reed Elsevier strategic direction and summary
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 8: Reed Elsevier NV AGM
Reed Elsevier NV AGM 24 April 2012 Erik Engstrom, Engstrom CEO 8