Slide 1: 2020 Full-Year Results: Continuing Stability & Security
2020 Full-Year Results Continuing Stability & Security 22 April 2021 www.informa.com Information Classification: General
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 through COVID-19
Knowledge & Information Economy through COVID-19 1000% 1.9ZB increase in number of virtual events 500% Webinars forecast 2020 through COVID-19 Source: Forbes Online market platforms increase in House Party downloads in internet video traffic Source: OMDIA first week of March Source: Business of Apps
Slide 4: The Informa Group in 2021
The Informa Group in 2021 1 Continuing Stability and Security in financing, costs, customer relationships and Colleague communities 2 Continuing strength and improving growth in Subscriptions-led businesses 3 The Transition Year for physical B2B events, ahead of Revitalisation & Growth in 2022-2024
Slide 5: Stability & Security at Informa
Stability & Security at Informa 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 He
Slide 6: 2020 Key Financial Highlights
2020 Key Financial Highlights Performance: Full year financial results in line with guidance Group Revenue: £1,661m versus £2,890m in 2019 Adjusted Operating Profit: £268m versus £933m, with £600m+ of direct and indirect cost savings delivered by year-end Statutory Operating Loss: £880m, including o
Slide 7: Strength in Subscriptions-led businesses in 2020
Strength in Subscriptions-led businesses in 2020 +4.7% +1.3% underlying underlying profit growth profit growth • Specialist B2B data and content with +7% increase in • Specialist content with 170k+ subscribers and 276m active users articles downloaded in 2020 • Over 550 analysts and editors focused
Slide 8: Building Stability & Security in 2020
Championing Customers Building Stability & Security in 2020 • Free access to COVID-related research and data by T&F and II • Targeted customer support funds Operating Flexibility • Enhanced customer service & support COVID-19 • Extended Events Postponement Programme to early Summer ‘21 Action Plan E
Slide 9: Continuing Stability & Security in 2021
B2B Data & Customer Insights Continuing Stability & Security in 2021 • Accelerated data management through Iris Expansion in • Demographic, Firmographic & B2B Digital Services Behavioural data The • Increased customer insight • Further expansion in virtual/hybrid Transition • Accelerated platform de
Slide 10: Progressive re-opening of physical B2B events markets
Progressive re-opening of physical B2B events markets China COVID-19 New Case Count US COVID-19 New Case Count USA Mainland China (7-day avg.) (7-day avg.) 5 300 North Mainland Primary Secondary $10m+ $1-10m <$1m Number of new cases (‘000s) Number of new cases (‘000s) 4 250 ROW America 200 China des
Slide 11: Gradual Return of Physical B2B Events
Gradual Return of Physical B2B Events Mainland China North America Rest of World • 45+ events staged post-COVID-19 since • Outdoor: Four US boat shows since Nov • Australia: 5 events staged in 2021 to date June 2020 • Fort Lauderdale International Boat Show, • 20+ events staged across Asia (ex-China
Slide 12: Gradual Return of Physical B2B Events in the US
Gradual Return of Physical B2B Events in the US NEVADA Key Informa US Event locations June 7-10 PENNSYLVANIA NEW YORK/NEW JERSEY (size of bubble reflects relative size) August 10-12 Sept 22-25 August 24-25 Sept 19-21 June 16-18 COVID-19 Roadmap in key US states June 28-30 Large gatherings permitted
Slide 13: Revitalisation and Growth through 2022-2024
Revitalisation and Growth through 2022-2024 Market and Geographic Reach of Informa’s B2B Event Brand Portfolio (% of 2019 physical events revenue) 4 1 Major B2B Brands 2 Brand Strength 3 Participant Profile Connectivity Scale Power Market Local Domestic & Short Long Haul 15k+ 1k-15k <1k Brands Brand
Slide 14: Revitalisation & Growth through 2022-2024
Revitalisation & Growth through 2022-2024 2021 2022-2024 The Transition Year Revitalisation & Growth • Stability and Security in Financing, Costs, Customer • Growth acceleration across the Group relationships and Colleagues • Further growth and expansion in Informa Intelligence • Continued strength
Slide 15: Financial Stability & Security
Financial Stability & Security Gareth Wright Group Finance Director 2020 Full-Year Results: April 2021 15
Slide 16: 2020 Full-Year Income Statement
2020 Full-Year Income Statement 2020 2019 £m £m Group Revenue Revenue 1,660.8 2,890.3 • Consistent and recurring subscription revenues Adjusted Operating Profit 267.8 933.1 • Significant COVID-19 impact on physical events Adjusted Operating Margin 16.1% 32.3% • Strong contribution from specialist me
Slide 17: 2020 Full-Year Divisional Summary
2020 Full-Year Divisional Summary 2020 2019 Reported Underlying Informa Intelligence £m £m % % • Consistent underlying growth in 2020 Revenue • Subscription renewal rates at 90%+ Informa Markets 524.4 1,437.7 (63.5) (62.7) • Improved margin through portfolio management Informa Connect 124.2 286.1 (5
Slide 18: Sources of Revenue in 2020
Sources of Revenue in 2020 Subscriptions Businesses £860m± Events Businesses £1,661m £800m± 2020 Group Revenue Includes £100m+ of Virtual Events revenue 2019 Physical Events Revenue Physical Events Virtual, Media, Data, Research Informa Intelligence Taylor & Francis & Marketing Services 2020 Full-Ye
Slide 19: Adjusted Operating Profit in 2020
Adjusted Operating Profit in 2020 Adjusted OP in 2020 • Underlying profit growth at Subscriptions-led businesses • Significant impact on physical events profits due to COVID-19 • £540m+ direct and indirect cost £268m savings within 2020 £933m 16% 2020 Adjusted Operating Margin 2020 Adjusted Operatin
Slide 20: Cash Flow Movements in 2020
Cash Flow Movements in 2020 £722m Free Cash Flow in 2020 • Focus on cash management and cash controls • Capex maintained at 2019 level • Lower net interest and tax pre one-off COVID-related costs • Lower EBITDA due to COVID-19 impact on physical events £95m • One-off COVID costs from Cost Mgt & Fina
Slide 21: B2B Events Cash Movements in 2020
B2B Events Cash Movements in 2020 B2B Events Cash in 2020 • Continued commitment to forward bookings • Low level of refund requests • Physical events return from June 2020 £403m • £300m± cash collected for future events in 2020 £294m £300m± Events cash carried forward at 31 Dec 2020 Continued cash c
Slide 22: Benefits of targeted Cost Management Programme
Benefits of targeted Cost Management Programme Cost Management Programme £400m+ £200m+ £140m+ Direct Cost Savings Indirect Cost Savings 2020 in-year benefit of indirect savings • Venue rental • Insurance • Recruitment Pause • Sabbatical Prog. • Venue services • Marketing & • Rewards Phasing • Senior
Slide 23: Stability & Security in Balance Sheet through to 2023
Stability & Security in Balance Sheet through to 2023 Debt maturities as at 31 December 2020 (£m) 1000 EMTN Substantial liquidity £1bn+ RCF drawn (Undrawn RCF and Cash balances) 900 --- RCF Undrawn 800 No maturities until 2023 No financial covenants 700 600 Cashflow positive in Q1 2021 500 400 A
Slide 24: Financing Stability and Security through 2021 Transition Year
Financing Stability and Security through 2021 Transition Year Continued strength and Growth in B2B Digital Services improving growth in supporting gradual return of Subscriptions-led businesses physical events Cash positive in Q1 2021, with Operating costs matched to £1bn+ liquidity and no current a
Slide 25: Continuing Stability & Security
Continuing Stability & Security Stephen A. Carter Group Chief Executive 2020 Full-Year Results: April 2021 25
Slide 26: Informa Colleagues and COVID-19
Informa Colleagues and COVID-19 Wellbeing Services Unlimited volunteering Rapid & seamless shift to remote working 2022 Vacation Bonus 2021-2024 Equity Revitalisation Plan Flexi-time Offers Bio-Secure Offices 2020 Sabbatical Programme COO Board Appointment Pulse Surveys Balanced Working Programme Re
Slide 27: Subscriptions strength at Informa Intelligence
Subscriptions strength at Informa Intelligence Pre-GAP1 2021 Disparate set of Underlying Revenue Growth Subscription Renewal Rates Specialist brands in assets specialist markets 4%+ Consistent product Limited investment Consistent c90% investment renewal rates Portfolio focus: Lack of portfolio Phar
Slide 28: Unlocking further growth and value in Informa Intelligence
Unlocking further growth and value in Informa Intelligence Specialist Market: Clinical Trials Patient Recruitment • Clinical trials intelligence, research, medical social networks and workflow tools for Pharma companies and CROs • Deep data on historical and current clinical trials, investigators an
Slide 29: Open Research acceleration at Taylor & Francis
Open Research acceleration at Taylor & Francis Pre-GAP1 2021 Focus on research, Dependence on Open Research Revenue Open Access Published Articles institutional & library library budgets budgets 26% CAGR 25% CAGR Agile and scalable Open Access capacity Open Research constraints platform Long lead ti
Slide 30: Growing range of B2B Digital Services
Growing range of B2B Digital Services Customer Consent Virtual live speaker Behavioural Data Virtual factory tours Specialist Audiences Specialist B2B Marketing Instant access digital content Services 24/7 virtual partnering meetings Campaign activation Virtual brand showcase Lead qualification serv
Slide 31: Over 500 B2B Virtual Events delivered in 2020
Over 500 B2B Virtual Events delivered in 2020 Unlimited Reach £100m+ Revenue Broader Customer 500k+ attendees Opportunity Deep pools of data 1300+ sponsors No time and calendar 6500+ exhibitors constraints Enhanced Brand c120 countries visibility Extended Customer 300+ Brands engagement 2020 Full-Ye
Slide 32: Case Study: CPhI Worldwide – from Physical to Hybrid
Case Study: CPhI Worldwide – from Physical to Hybrid 2019 2020 2021 Physical Event Virtual Event Hybrid Solution • 3-day major event in Frankfurt • 2 week virtual festival in November: • 5-day virtual event in May: • 2k+ exhibitors 1 week content, 1 week connections 3 days content, 5 days connection
Slide 33: Accelerated Data Management through Iris
Accelerated Data Management through Iris Physical B2B Events Digital B2B Channels & Services Virtual Market Research Events places & data Content & Media Communities Profile Data….Demographic Data…Firmographic Data…Behavioural Data…Consents Iris Collation, Curation & Management of first party custom
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: Faster to Zero
Faster to Zero Moving faster to become a zero waste and net zero carbon business Faster to Zero Sustainability Inside Impact Multiplier United Nations Sustainable Development Goals • Certified as a Carbon Neutral Company • 100+ event brands assessed for depth and quality • New open source content pr
Slide 36: Revenue Stability & Security through 2021
Revenue Stability & Security through 2021 Reprise of H1 2020 Results Presentation: Positive underlying revenue growth at Taylor & Francis 2021 Baseline Revenues 4%+ underlying revenue growth at Informa Intelligence Growth in Media, Data, Research & Marketing Services Expansion of Virtual Events and
Slide 37: The Informa Group in 2021
The Informa Group in 2021 1 Continuing Stability and Security in financing, costs, customer relationships and Colleague communities 2 Continuing strength and improving growth in Subscriptions-led businesses 3 The Transition Year for physical B2B events, ahead of Revitalisation & Growth in 2022-2024
Slide 38: 2020 Full-Year Results: April 2021
2020 Full-Year Results: April 2021 38 Information Classification: General
Slide 39: Appendices
Appendices 2020 Full-Year Results: April 2021 39
Slide 40: 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 41: Extended B2B Events Postponement Programme
Extended B2B Events Postponement Programme 2021 Revenue JAN - MAY JUN JUL AUG SEP OCT NOV DEC North America Physical Trade Shows: Events schedule as at April 2021 Mainland China Physical Trade Shows: Events schedule as at April 2021 Rest of World Physical Trade Shows: Events schedule as at Apr
Slide 42: 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 43: 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 44: 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 45: 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 46: 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 47: Tax Summary
Tax Summary 2020 2020 2020 Tax Effective tax rate £m £m % Reported Loss Before Tax (1,139.7) (102.1) Adjusted for: 972.0 Intangible asset amortisation and impairments 83.8 Benefit of goodwill amortisation for tax purposes only - (22.6) Acquisition and integration costs 49.1 8.2 Restructuring and reo
Slide 48: Cash Flow Summary
Cash Flow Summary Reported Reported 2020 2019 £m £m Adjusted operating profit 267.8 933.1 Depreciation of property and equipment 16.8 17.2 Depreciation of right of use assets 30.3 33.1 Software and product development amortisation and impairment 41.1 41.9 Share-based payments 11.2 10.4 Loss on dispo
Slide 49: Other Adjusting Items
Other Adjusting Items 2020 2019 £m £m Intangible amortisation and impairments 972.0 321.7 Acquisition and integration costs 49.1 59.7 Restructuring and reorganisation costs 77.6 8.6 Onerous contracts and one-off costs associated with COVID-19 52.6 - Re-measurement of contingent consideration (3.1) 3
Slide 50: Currency Sensitivity
Currency Sensitivity Average Rates Closing Rates 2020 2019 2020 2019 USD 1.29 1.28 1.37 1.32 The impact of a 1 cent movement in the USD to GBP exchange rate in 2020: Revenue £8m Annual adjusted operating profit £3m Annual adjusted earnings per share 0.2p 2020 Full-Year Results: April 2021 50 Informa
Slide 51: Balance Sheet Summary
Balance Sheet Summary 31 December 2020 31 December 2019 £m £m Intangibles and goodwill 8,671.1 9,581.8 Property and Equipment 49.1 69.0 Right of use assets (IFRS 16) 209.9 264.4 Other non-current assets (excluding debt and leases) 55.9 69.3 Current assets (excluding cash and leases) 394.3 524.5 Defe
Slide 52: 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 53: Thank you
Thank you Informa.com