Slide 1: 2023 Full-Year Results: Momentum and Growth
2023 Full-Year Results Momentum and Growth 8 March 2024
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: Variable Macro-Economic Backdrop
Variable Macro-Economic Backdrop Geo-political uncertainty Economic diversification Heightened interest rates Investment in R&D and innovation Lingering (but slowing) inflation Value of Live in a digital world Half the world is voting Carbon reduction Significant variance in macro-economic trends ac
Slide 4: Knowledge & information economy
On-Demand Access Artificial Intelligence First Party Data Peer Reviewed Research Lead Generation Specialist Brands Advanced Learning Specialist Pay-to-Publish Knowledge Specialist Market Research Audience Development Pay-to-Read Live Experiences Knowledge & Digital Demand Generation information econ
Slide 5: The Value of Specialisation
The Value of Specialisation B2B Live & On-Demand Events B2B Digital Services Academic Markets $33bn Forecast size of the global $14bn Size of US technology B2B Data $73bn Addressable market for exhibition industry in 2025 and Market Access Industry Knowledge Services Source: Globex Source: EY Parthe
Slide 6: Major Brands in Major Markets
Major Brands in Major Markets B2B Markets Academic Markets $140m+ Foodservice $100m+ $200m+ 170k+ 30+ 2,000+ 60k+ 100+ 1,800+ 170k+ 170+ 150+ Attendees Age Exhibitors Attendees Age Exhibitors Reference Titles Age Subject categories Healthcare & Humanities Pharmaceuticals Foodservice & Social Science
Slide 7: 2023 Highlights
2023 Highlights Strong Underlying growth: Revenue 30%+, Adjusted Operating Profit c.60%, Free Cash Flow c.50% Higher Operating Margin: Significant increase to 26.8% Growing Adjusted diluted earnings per share +86% to 45.3p Increasing Dividends of 18.0p, +84% year-on-year growth Strength Strong and f
Slide 8: 2024 Momentum and Growth
2024 Momentum ’ and Growth 5
Slide 9: 2024 Growth Drivers
2024 Growth Drivers 2024 Underlying Growth High single digit Revenue / Double Digit Operating Profit International High growth Academic Revenue Balance Sheet Expansion B2B Markets Growth Visibility Strength Strength in the US Pharma, Healthcare, Step up to 4% £500m+ revenue to 2023 year-end leverage
Slide 10: 2024 Forward Visibility
2024 Forward Visibility Revenue to date Subscription Revenues Live & On-Demand Visibility £500m+ 75%+ c70% Informa Group Revenue traded to date 2024 2024 Full Year Subscription revenue booked Informa Markets 2024 Full Year Exhibitor revenue booked 2024 Revenue £500m+ to date with a further £1bn+ boo
Slide 11: Strong Financial Performance & Effective Capital Management
2023 Full-Year Results Strong Financial Performance & Effective Capital Management Gareth Wright Group Finance Director
Slide 12: 2023 Full-Year Results: Accelerating Growth
2023 Full-Year Results: Accelerating Growth Revenue Underlying Revenue ✓ Strong financial performance on all metrics £3,190m +41% YoY Growth 30.4% ✓ Accelerating growth and operating discipline deliver (2022: £2,262m) (2022: 31.4%) improved profitability Adjusted Operating Profit Adjusted Diluted EP
Slide 13: Momentum and Growth through 2023
Momentum and Growth through 2023 2023 FY Results 8 March 2024 Pre-Close Update 10 January 2024 2023 10-Month 14 November 2023 2023 HY Results 27 July 2023 2023 AGM 15 June 2023 2022 FY Results 9 March 2023 Revenue: Revenue: Revenue: Revenue: Revenue: Revenue: £2,750m – £2,850m £2,950m – £3,050m £3,0
Slide 14: Accelerating Growth & Financial Delivery
Accelerating Growth & Financial Delivery Continuing Operations: 2023 2022 Strong Revenue Growth £m £m Revenue 3,189.6 2,262.4 • Reported revenue growth of 41.0%, Underlying growth of 30.4% Adjusted Operating Profit 853.8 496.3 Adjusted Operating Margin 26.8% 21.9% Growing Adjusted Operating Profit •
Slide 15: Strong underlying growth in all Divisions
Strong underlying growth in all Divisions 2023 2022 Reported Underlying £m £m % % Informa Markets…Strong Growth Revenue • Full return of Live and On-Demand B2B Events in all Informa Markets 1,593.3 933.3 70.7 65.5 regions and markets Informa Connect 580.6 414.7 40.0 14.2 • Strong operating leverage
Slide 16: Accelerating Revenue and Profit Growth
Accelerating Revenue and Profit Growth 2023 Revenue Growth (%)* 13.3 é 41.0% -1.4 30.4 -1.3 Reported Growth Underlying Growth Phasing Portfolio Expansion Currency 2023 Adjusted Operating Profit Growth (%)* 16.7 0.2 59.1 -4.0 é 72.0% Reported Growth Underlying Growth Phasing Portfolio Expansion Curre
Slide 17: Strong Operating Leverage
Strong Operating Leverage 0.7 0.2 26.8 Improving Operating Margin 3.8 0.2 • Strong Underlying Revenue Growth • Strong operating leverage 21.9 • Efficient cost management • Additions of Tarsus and Winsight • Margin uplift from odd-year biennial events é 490bps 2022 Adj OPM Performance Phasing & Bienn
Slide 18: Balance Sheet Strength and Flexibility
Balance Sheet Strength and Flexibility Debt maturities at 31 December 2023 (£m) Strong cash delivery l EMTN £632m Free Cash Flow in 2023 1600 l RCF drawn 1400 --- RCF Undrawn No group level financial covenants l Bank 1200 Average debt maturity 2.7 years 1000 Debt secured on fixed rates c3.2% 800 600
Slide 19: 2024 Momentum and Growth
2024 Momentum ’ and Growth 5
Slide 20: 2024 Momentum and Growth…Shareholder Returns
2024 Momentum and Growth…Shareholder Returns Portfolio Investments Curinos Banking Intell 56.2% Norstella Pharma Intell 6.7% Lloyd’s List Maritime Intell 20.0% Founder’s B2B Events 22.3% Forum Operating Cash Flow Conversion 90%+…2024 Free Cash Flow £720m+ ITN Production 20.0% PA Media Specialist Med
Slide 21: 2024 Market Guidance: Further Strong Growth
2024 Market Guidance: Further Strong Growth 2023 Full Year Results 8 March 2024 Pre-Close Update Market Guidance updated to reflect strong start to 10 January 2024 the year, including particularly strong growth in IMEA Revenue: Strong underlying growth outlook in 2024 £3,450m to £3,500m Adjusted Ful
Slide 22: Momentum and Growth
2023 Full Year Results Momentum and Growth Stephen A. Carter Group Chief Executive
Slide 23: The Power of Live
Discovery Innovation accelerator Economic growth International investment Face-to-Face Promotion & Awareness Strategic value The multiplier Scarcity value effect Convening power Unique connections The strategic Host city value of MICE (Meetings, Incentives, The Power Conferences, Expos) Market accel
Slide 24: Major B2B Brands in Major Markets
Major B2B Brands in Major Markets Marquee Brands Power Brands CPhI (Pharma) Farm Progress (Agriculture) Natural Products (Health & Nutrition) Bio-Europe (BioTech) $30m+ Black Hat (CyberSecurity) SuperReturn (Private Equity) TISE (Construction) Vitafoods (Nutraceuticals) $10m-$30m 20 Brands 40 Brands
Slide 25: Five Geographic B2B Growth Pillars
Momentum & Growth…Five Geographic B2B Growth Pillars Americas ASEAN IMEA China Europe $1.2bn+ $125m+ $300m+ $450m+ $350m+ Revenues Revenues Revenues Revenues Revenues 10%+ 10%+ 20%+ 5%+ 10%+ Growth Growth Growth Growth Growth 5 4 5 2 2 2024 Launches 2024 Launches 2024 Launches 2024 Launches 2024 Lau
Slide 26: IMEA a Growing Geographic B2B Pillar
Momentum & Growth…IMEA a Growing Geographic B2B Pillar Rapidly growing economies with strong demand for specialist Major brands in IMEA knowledge, B2B market access and live experiences Investment in transport links, venues and infrastructure Informa the largest commercial operator, with 1,200+ Coll
Slide 27: Marquee Brands = Power, Impact, Value (Healthcare & Pharmaceuticals)
Marquee Brands = Power, Impact, Value $90m+ 20%+ 2024 Revenue YoY Growth 4,300 130k £2.5bn 75+ Exhibitors Professionals Transactions Exhibiting Countries Healthcare & Pharmaceuticals 2023 Full-Year Results
Slide 28: Marquee Brands = Power, Impact, Value (Technology Innovation)
Marquee Brands = Power, Impact, Value $70m+ 30%+ 2024 Revenue YoY Growth 1,800 170k $4.9tn 50+ Exhibitors Professionals Investors AUM Exhibiting Countries Technology Innovation 2023 Full-Year Results
Slide 29: Momentum & Growth…First Party Data
Momentum & Growth…First Party Data Growing First Party B2B Data…via IIRIS Increasing Customer Value…powered by IIRIS 20m+ Permissioned First Party B2B Audience • Lead generation platform for sponsors and exhibitors • Powered by IIRIS first party data (enrichment, intent, segmentation) • Real-time ac
Slide 30: The Power and Potential of Artificial Intelligence at Informa
The Power and Potential of Artificial Intelligence at Informa Content indexing Live speech to text Long/Short-form content AI already deployed throughout Informa and classification conversion/translation creation via ChatGPT in a variety of products and services Content Video to text Enhanced valida
Slide 31: Live & On-Demand Events, Powered by AI
Live & On-Demand Events, Powered by AI 2023 Full-Year Results 31
Slide 32: Momentum and Growth…New TechTarget
Momentum and Growth…New TechTarget Announcement on 10 January 2024 Progress since announcement ✓ Proposed combination of Informa Tech’s digital businesses with ✓ Appointment of Combination Director US-listed TechTarget ✓ Hart-Scott-Rodino regulatory filing submitted ✓ Informa to contribute Informa T
Slide 33: Increased scale and depth at New Informa Connect
Increased scale and depth at New Informa Connect 2019 2023 New Connect £275m £580m c.£900m Revenue Revenue Revenue 2 5 6 Core verticals Core verticals Core verticals 40+ 75+ 100+ £1m+ Brands £1m+ Brands £1m+ Brands 90% | 0% | 10% 60% | 25% | 15% 70% | 20% | 10% Events|Subscriptions|Other Events|Subs
Slide 34: New Informa Connect…Major Brands
New Informa Connect…Major Brands $20m+ Foodservice $100m+ $40m+ 9k+ 15+ 290+ 60k+ 100+ 1,800+ 9k+ 25+ 400+ Attendees Age Exhibitors Attendees Age Exhibitors Attendees Age Exhibitors Biotech & Life Sciences Foodservice Finance $90m+ Anti-Ageing & $60m+ $30m+ Aesthetics 60k+ 25+ 600+ 15k+ 20+ 600+ 25k
Slide 35: Growing portfolio of Academic Services
Growing portfolio of Academic Services Pay-to-Publish Read & Publish Journal Agreements Subscriptions Pure Open Access Reference Titles Hybrid Open Access Open Books Pay-to-Read Institutional Open Research Platforms eBooks Sources of Revenue Database Licensing & & Access Meta Data Enhanced Content V
Slide 36: Improving Underlying Growth
Momentum & Growth…Improving Underlying Growth Expansion of AI developed derivative products Increased eBook market penetration Expansion of premium reference titles Continuing Investment: Acceleration in Open Research Volumes New Product Development 35+ Read & Publish Agreements Open Research speed
Slide 37: Specialist Research, Powered by AI
Specialist Research, Powered by AI 2023 Full-Year Results 37
Slide 38: The Informa Group
The Informa Group Portfolio Growth B2B Live & On-Demand Events B2B Digital Services Academic Markets Investments Brand Category Equity Norstella Pharma Intell 6.7% Transaction-led Content-led B2B Data & Specialist Academic Research, Lloyd’s List Maritime Intell 20.0% Live & On Demand B2B Events Live
Slide 39: 2024 Growth Drivers
2024 Growth Drivers 2024 Underlying Growth High single digit Revenue / Double Digit Operating Profit International High growth Academic Revenue Balance Sheet Expansion B2B Markets Growth Visibility Strength Strength in the US Pharma, Healthcare, Step up to 4% £500m+ revenue to 2023 year-end leverage
Slide 40: Appendix
Oo informa Appendix
Slide 41: ESG
ESG Faster to Zero Moving faster to become a zero waste and net zero carbon business 100th AAA B percentile 2024 rating 2023 rating Faster to Zero Sustainability Inside Impact Multiplier • CarbonNeutral® Company certification for 4th • 85% of events actively embedding sustainability • Connecting the
Slide 42: Informa Markets
Informa Markets Informa Markets is our transaction-led lie and on- demand events division. We bring specialist markets to £1,593m £461m 66% Underlying Revenue life, helping businesses to connect, trade, innovate and Revenue Adj. Op. Profit Growth grow through live experiences and digital services. c
Slide 43: Informa Connect
Informa Connect Informa Connect delivers content-led live and on- demand events and experiences and specialist £581m £103m 14% Underlying Revenue digital content that connect audiences and help Revenue Adj. Op. Profit Growth professionals to know more, do more and be more. c.18% c.18% 2,100+ Group R
Slide 44: Informa Tech
Informa Tech Informa Tech focuses on the technology £397m £73m 6% industry, providing B2B data and market access Underlying Revenue Revenue Adj. Op. Profit to customers through live and on-demand Growth events, specialist research, specialist media brands, digital demand generation and buyer intent.
Slide 45: Taylor & Francis
Taylor & Francis Taylor & Francis is a leading provider of academic research, advanced learning and open research. We £619m £218m 3% Revenue Adj. Op. Profit Underlying Growth work with knowledge makers around the world to ensure high-quality research has an impact, by being discovered by the right a
Slide 46: Adjusting Items
Adjusting Items 2023 2022 £m £m Intangible amortisation and impairment 337.3 281.4 Acquisition and integration costs 73.0 22.0 Restructuring and reorganisation costs 11.0 (1.6) Onerous contracts and one-off costs associated with COVID-19 - 4.7 Fair value (gain) on contingent consideration (87.6) - F
Slide 47: Currency Sensitivity
Currency Sensitivity Average Rates Closing Rates 2023 2022 2023 2022 GBP/USD 1.24 1.24 1.27 1.21 The anticipated impact of a 1 cent movement in the USD to GBP exchange rate in 2024: Annual revenue £17.5m Annual adjusted operating profit £7.0m Annual adjusted earnings per share 0.4p 2023 Full-Year Re
Slide 48: 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 49: Additional Information and Where to Find It
Additional Information and Where to Find It In connection with the proposed transaction (the “proposed transaction”) between Informa and TechTarget, Toro CombineCo, Inc. (“NewCo” or, after the completion of the proposed transaction, “New TechTarget”) and TechTarget will prepare and file relevant mat
Slide 50: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This communication contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve substantial risks and uncertainties. All statements, other
Slide 51: Cautionary Note Regarding Forward-Looking Statements (continued)
Cautionary Note Regarding Forward-Looking Statements (continued) Important factors that could cause actual results to differ materially from such plans, estimates, or expectations include, among others: that one or more closing conditions to the proposed transaction, including certain regulatory app
Slide 52: Thank you
Thank you Informa.com