Slide 1: 2021 Half-Year Results
2021 Half-Year Results 2021-2022: Improving Revenues, Profits & Cashflow 2021-2024: Growth Acceleration Plan II (GAP II) 29 July 2021
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of the Group. Although the Group believes that the expectations reflected in such forward-looking statements are reasonable, these statements are not guarantees o
Slide 3: Knowledge & Information Economy
Knowledge & Information Economy 60% Subscriptions 85% of business travel rebound will be driven by Webinars 90% of exhibitors & attendees expect to return to F2F Online market platforms a ‘fear of missing out’ on a competitive advantage Source: McKinsey & Co attendees surveyed by winter 2021 reporte
Slide 4: Championing the Specialist
Championing the Specialist Specialist Data & Intelligence B2B Audiences & Platforms Advanced Learning & Knowledge Championing the Specialist Cyber Behavioural Beauty & Artificial Physical Security Science Aesthetics Intelligence Sciences Specialist Hospitality Clinical Markets Retail Biotech Healthc
Slide 5: 2014-2024 Market Specialisation
2014-2024 Market Specialisation 2014 - 2019 2020 - 2021 2021 - 2024 Growth Stability & Growth Acceleration Plan Security Acceleration …& Accelerated …& The Transition Year Plan II Integration Plan Depth in Specialist Markets, closer to customers, improving mix & quality of revenue 2021 Half-Year Res
Slide 6: 2021 Half-Year Key Highlights
2021 Half-Year Key Highlights • Improving growth in Subscriptions-led businesses • Returning confidence in Physical Events and deeper Digital Diversification • Full Year Revenue guidance raised to £1,800m±, with adjusted Operating Profit expected to be £375m± • H1 Revenue & Profit: Reported Revenues
Slide 7: Informa Intelligence…Specialisation and Growth
Informa Intelligence…Specialisation and Growth Pre-GAP1 H1 2021 Disparate set of Specialist brands in assets Pharma Maritime Finance specialist markets Consistent product Limited investment investment Lack of portfolio Further portfolio depth and focus focus – EHS disposal Patient Recruitment & Sale
Slide 8: Taylor & Francis…Specialisation and Growth
Taylor & Francis…Specialisation and Growth Pre-GAP1 H1 2021 Dependence on Royalty-Based Research, institutional Open Research Subscriptions library budgets Publishing & library budgets Open Access capacity Agile and scalable constraints Open Research platform Long lead times from 2500+ Journals with
Slide 9: Macro-view on major Events Markets
Macro-view on major Events Markets Visit our CAPA microsite USA Mainland China U.A.E. Travel Restrictions: Travel Restrictions: Travel Restrictions: Restricted entry for EU, UK, BR, ZA, CN, IN Restricted entry for foreign nationals1 Restricted entry for 16 select Asian and African countries2 Vaccine
Slide 10: Micro-view on major Events Markets
Micro-view on major Events Markets USA Mainland China U.A.E. Construction Beauty & Aesthetics Healthcare World of Concrete China Beauty Expo Arab Health / Medlab c1.5k c650 3k+ 3k+ c4.1k c1.7k exhibitors 2019 exhibitors 2021 exhibitors 2019 exhibitors 2021 exhibitors 2019 exhibitors 2021 c40k 10k+ c
Slide 11: Progressive return of major brands in major markets
Progressive return of major brands in major markets 2021 Q1 Q2 Q3 Q4 • Tech (Big 5G Event) • Construction (World of Concrete) • Fashion (August MAGIC) • Nutrition (SupplySide West) USA • Yachting (Palm Beach Boat Show) • Construction (TISE) • Engineering (MD&M West) • Culture & Lifestyle (Art Miami)
Slide 12: Progressive re-bookings and improving cash collections
Progressive re-bookings and improving cash collections USA Mainland China U.A.E. Construction Beauty & Aesthetics Healthcare World of Concrete China Beauty Expo Arab Health / Medlab 150%+ c100% 60-70% 2022 rebook as a % of 2021 event 2021 performance as a % of 2019 event 2022 rebook as a % of 2021 e
Slide 13: The power of face-to-face
The power of face-to-face Value for SMEs Business Development Hybrid + This was my 22nd year either attending or Our company has been exhibiting at World of Concrete for more We are excited to be participating in exhibiting at this show and this year in than 16 or 18 years and we’re happy to be back
Slide 14: Returning Physical Events and deeper Digital Services
Returning Physical Events and deeper Digital Services Pre- 2021 COVID Market Beauty & Aesthetics Private Equity CyberSecurity Further Market Specialisation Specialisation Focus around Growing range of B2B physical events Digital Services Healthcare FinTech Artificial Intelligence Content and Year-ro
Slide 15: 2021-2022: Improving Revenues, Profits & Cashflow
2021-2022: Improving Revenues, Profits & Cashflow Gareth Wright Group Finance Director 2021 Half-Year Results: July 2021 15
Slide 16: 2021 Half Year Results Summary
2021 Half Year Results Summary Revenue of £689m (H1 2020: £814m) and Adjusted Operating Profit of £69m (H1 2020: £119m), COVID-19 reflecting differing pandemic impacts on Physical Events in H1 2020 and H1 2021 STRENGTH Improving growth and performance by Taylor & Francis and Informa Intelligence RET
Slide 17: 2021 Half-Year Income Statement
2021 Half-Year Income Statement H1 2021 H1 2020 £m £m Group Revenue Revenue 688.9 814.4 • Further strength in Subscription-led revenues Adjusted Operating Profit 69.2 118.6 • c£280m of physical events revenue pre- Adjusted Operating Margin 10.0% 14.6% pandemic in H1 2020 Adjusted Operating Profit Ne
Slide 18: 2021 Half-Year Divisional Summary
2021 Half-Year Divisional Summary H1 2021 H1 2020 Reported Underlying Informa Intelligence £m £m % % • Strong demand for specialist data and content Revenue Informa Markets 187.6 282.1 (33.5) (29.3) • Subscription renewal rates at 90%+ Informa Connect 35.8 66.0 (45.8) (6.8) • Strong forward sales pi
Slide 19: Differing pandemic impacts on revenue in 2021 v 2020
Differing pandemic impacts on revenue in 2021 v 2020 Pre-COVID trading £814m H1 2021 Revenue • c£280m physical events revenue c£280m in H1 2020 at high margins £689m • c£150m physical events revenue in H1 2021 at low margins • Growth in Subscriptions and B2B Digital Services £689m H1 2021 Revenue H1
Slide 20: H1 2021 Adj. Operating Profit supported by Cost Management
H1 2021 Adj. Operating Profit supported by Cost Management £119m Adjusted OP in H1 2021 • Improving underlying profit growth at Subscriptions-led businesses • Significant impact of COVID-19 £69m on physical events profits • c£45m indirect cost savings in H1 2021 in Events-led businesses 10% H1 2021
Slide 21: Disciplined H1 2021 Free Cash Flow
Disciplined H1 2021 Free Cash Flow £384m £294m Free Cash Flow in 2021 £134m • High operating cash conversion Events Events cash H1 2021 H1 2021 Events cash • Lower EBITDA due to COVID-19 cash held collected in Events Events held at 30 at 1 Jan ‘21 H1 2021 refunds revenue Jun 2021 impact on physical
Slide 22: Balance Sheet strength and flexibility
Balance Sheet strength and flexibility Debt maturities as at 30 June 2021 (£m) 1000 EMTN Substantial liquidity £1.45bn RCF drawn (Undrawn RCF and Cash balances) 900 --- RCF Undrawn No maturities until July 2023 800 Bank No Group financial covenants 700 600 Returning positive Free Cash Flow 500
Slide 23: 2021-2022: Improving Revenues, Profits & Cashflow
2021-2022: Improving Revenues, Profits & Cashflow £1,800m+/- 2%+ Positive Free Guidance for 2021 Full Year Revenue 2021 Full Year underlying revenue growth in Cash Flow (FY2020: -£154m) (FY2020: £1,660m) Taylor & Francis Balance Sheet 4.5%+ Strength £375m+/- 2021 Full Year underlying revenue
Slide 24: Growth Acceleration Plan II (GAP II)
2021-2024 Growth Acceleration Plan II (GAP II) Stephen A. Carter Group Chief Executive 2021 Half-Year Results: July 2021 24
Slide 25: 2021-2024 Growth Acceleration Plan II (GAP II)
2021-2024 Growth Acceleration Plan II (GAP II) Through our proven GAP methodology, our focus will be further Market Specialisation and increased Digitisation in all businesses, expanding addressable audiences, improving the mix and quality of revenue and bringing our brands closer to markets and cus
Slide 26: Market Specialisation & Digitisation in Taylor & Francis
Market Specialisation & Digitisation in Taylor & Francis Open Research Articles Customer & Market-led Product, Data & Tech Online Articles Downloaded 25% CAGR 35% CAGR 2014 - 2019 2020 - 2021 2021 - 2024 Growth Stability & Growth Acceleration Plan Security Acceleration Plan II • Open Research at sca
Slide 27: Market Specialisation & Digitisation in Informa Intelligence
Market Specialisation & Digitisation in Informa Intelligence Focus on Specialist Markets Customer & Market-led Product, Data & Tech Underlying Revenue Growth Retail Banking Global Shipping & Cargo 2014 - 2019 2020 - 2021 2021 - 2024 Growth Stability & Growth Acceleration Plan Security Acceleration P
Slide 28: Digital Acceleration and post-COVID business travel
Digital Acceleration and post-COVID business travel B2B Events as an effective, carbon-efficient consolidator of business travel SME Travel Digital communications Single trip multi-customer/industry access Smart Events US business travel muted through 2021 Content v Networking F2F for business devel
Slide 29: IIRIS…harnessing the power of B2B customer data
IIRIS…harnessing the power of B2B customer data SPECIALIST BRANDS SPECIALIST MARKETS SPECIALIST AUDIENCES SmartEvents Marketing Specialist B2B B2B B2B Audience Smart MMS Marketplace Communities Audience Data Solutions Events Solutions Content Marketplaces Communities Data Solutions A platform to col
Slide 30: B2B Audiences and Platforms: the digital value chain
B2B Audiences and Platforms: the digital value chain Layer 4: Data Analytics Insight generation (e.g., trends, intent); productisation • Integrated solution across entire Digital Value Chain • Delivery through combination of Build, Partner, Buy Layer 3: Proprietary Data • 8 specialist customer marke
Slide 31: Informa Capital Markets Day
Informa Capital Markets Day 2021-2024 Growth Acceleration Plan (GAP II) • 2021-2024 Growth & Ambition • GAP II year-by-year plans • Five business presentations • Product demonstrations 7 December 2021 240 Blackfriars, London
Slide 32: 2021 Half Year Results Summary
2021 Half Year Results Summary Revenue of £689m (H1 2020: £814m) and Adjusted Operating Profit of £69m (H1 2020: £119m), COVID-19 reflecting differing pandemic impacts on Physical Events in H1 2020 and H1 2021 STRENGTH Improving growth and performance by Taylor & Francis and Informa Intelligence RET
Slide 33: Appendices
Appendices 2021 Half-Year Results: July 2021 33
Slide 34: Accelerating sustainable change in our business and the specialist markets we serve
Accelerating sustainable change in our business and the specialist markets we serve. Faster to Zero Sustainability Inside Impact Multiplier Moving faster to become Embedding sustainability Multiplying the positive impact a zero waste and net zero inside every one of our brands we create when we impr
Slide 35: Informa AllSecure health and safety standards
• Informa AllSecure is Informa’s approach to enhanced health and safety standards at our events following COVID-19 • Best practice guidelines to ensure the highest standards of hygiene and bio-safety • Developed in partnership with industry peers, venue owners, industry associations and other partne
Slide 36: CAPA – Centre of Aviation
CAPA – Centre of Aviation, is part of the Aviation Week Network within Informa Markets and is one of the world’s most trusted sources of market intelligence for the aviation and travel industry Through its international network of expert aviation researchers and analysts, it provides specialist data
Slide 37: Taylor & Francis
Key Brands Taylor & Francis publishes peer-reviewed scholarly research and specialist reference-led academic content across subject areas within Humanities & Social Sciences and Science, Technology and Medicine. It is recognised internationally through its major publishing brands such as Taylor & Fr
Slide 38: Informa Intelligence
Key Brands Informa Intelligence provides specialist data, intelligence and insight to businesses, helping them make better decisions, gain competitive advantage and enhance return on investment. Through a range of specialist B2B subscription brands, we provide critical intelligence to niche communit
Slide 39: Informa Markets
Key Brands Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Through a portfolio of international B2B brands, we provide opportunities to engage, experience and do business via face-to-face exhibitions, specialist digital content and actionable data
Slide 40: Informa Connect
Key Brands Informa Connect is the Group’s Content, Connectivity and Data business, organising content-driven events, training and programmes that provide a platform for professional communities to meet, network and share knowledge. With major brands across the world, it has particular strength in Li
Slide 41: Informa Tech
Key Brands Informa Tech informs, educates and connects specialist Technology communities around the world. Through our portfolio of international B2B brands, we provide specialist intelligence and knowledge, and build platforms for customers to engage, learn and be inspired to create a better digita
Slide 42: Tax Summary
Tax Summary H1 2021 H1 2021 H1 2021 Tax Effective tax rate £m £m % Reported Loss Before Tax (91.0) 4.1 Adjusted for: Intangible asset amortisation and impairment 137.6 (20.2) Benefit of goodwill amortisation for tax purposes only - 7.4 Acquisition and integration costs 3.2 (1.0) Restructuring and re
Slide 43: Cash Flow Summary
Cash Flow Summary Reported Reported Reported H1 2021 H1 2020 FY 2020 £m £m £m Adjusted operating profit 69.2 118.6 267.8 Depreciation of property and equipment 6.5 8.5 16.8 Depreciation of right of use assets 11.5 16.9 30.3 Software and product development amortisation and impairment 22.6 19.8 41.1
Slide 44: Other Adjusting Items
Other Adjusting Items H1 2021 H1 2020 £m £m Intangible amortisation and impairment 137.6 763.4 Acquisition and integration costs 3.2 33.9 Restructuring and reorganisation costs 1.5 16.2 One-off insurance credits associated with COVID-19 (18.7) Onerous contracts and one-off costs associated with COVI
Slide 45: Currency Sensitivity
Currency Sensitivity Average Rates Closing Rates H1 2021 H1 2020 H1 2021 H1 2020 USD 1.39 1.26 1.39 1.23 The impact of a 1 cent movement in the USD to GBP exchange rate in 2021: Annual revenue £7.7m Annual adjusted operating profit £2.7m Annual adjusted earnings per share 0.1p 2021 Half-Year Results
Slide 46: Balance Sheet Summary
Balance Sheet Summary 30 June 2021 31 December 2020 £m £m Intangibles and goodwill 8,686.9 8,671.1 Property and Equipment 46.5 49.1 Right of use assets (IFRS 16) 205.2 209.9 Other non-current assets (excluding debt and leases) 57.2 55.9 Current assets (excluding cash and leases) 379.7 394.3 Deferred
Slide 47: Sponsored ADR Programme
Sponsored ADR Programme Informa ADRs trade on the US over-the-counter (OTC) market Symbol IFJPY ISIN US45672B305 Ratio 1 ADR : 2 ORD Effective date 1st July 2013 Underlying ISIN JE00B3WJHK45 Depositary Bank BNY Mellon For any questions relating to Informa ADRs, please contact BNY Mellon Damon Rowan
Slide 48: Thank you
Thank you Informa.com