Clarivate Plc · NYSE:CLVT
Clarivate — Merger or Acquisition (July 2026)
23 slides from Clarivate's merger presentation, Jul 6, 2026
Slide 1: LS&H Divestiture Investor Call
LS&H Divestiture Investor Call July 6, 2026
Slide 2: Safe Harbor Statement and Non-GAAP Financial Measures
Safe Harbor Statement and Non-GAAP Financial Measures Forward-Looking Statements This presentation includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions, or projections regarding future events or future results and therefore are, or may be deemed to be,
Slide 3: Safe Harbor Statement and Non-GAAP Financial Measures
Safe Harbor Statement and Non-GAAP Financial Measures Non-GAAP Financial Measures This presentation contains financial measures that have not been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), including Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Diluted E
Slide 4: Agenda
Agenda Strategic Rationale Matti Shem Tov Chief Executive Officer Financial Implications Jonathan Collins Chief Financial Officer Q&A © 2026 Clarivate. All rights reserved. 4
Slide 5: Strategic Rationale
Strategic Rationale Matti Shem Tov Chief Executive Officer
Slide 6: Reached Definitive Agreement to Sell LS&H Segment
Reached Definitive Agreement to Sell LS&H Segment Portfolio Composition LS&H Divestiture Concluded strategic review in Q1 announcing intention to sell LS&H business Segment Adj. EBITDA – Capital Definitive agreement reached to sell entire LS&H Expenditures segment to Altaris LLC Contribution1 Expect
Slide 7: Sale Represents Continued Progress on Value Creation Plan
Sale Represents Continued Progress on Value Creation Plan Revenue Sales Product & Agentic AI Portfolio Business Model Optimization Improved Sales Execution Accelerated Innovation Solutions Rationalization Increase Subscription and Increase Organic Growth Optimize ROI and Support Unlock Value Re-occu
Slide 8: Strategic Move Sharpens Focus and Enhances Financial Profile
Strategic Move Sharpens Focus and Enhances Financial Profile 1 2 3 4 Focus on Innovative, Streamline Enhance Financial Reduce Debt and Leading Business Segments Operating Model Profile Improve Flexibility Enabling Greater Strategic Clarity, Execution Focus and Financial Flexibility © 2026 Clarivate.
Slide 9: The New Clarivate | Uniquely Scaled Provider of AI Powered Transformative Intelligence
The New Clarivate | Uniquely Scaled Provider of AI Powered Transformative Intelligence Driving the Knowledge and Innovation Economy Academia & Government Intellectual Property Indispensable Market Position 99% Web of Science IPOne of Top 400 Accelerating research with world’s Delivering the global s
Slide 10: Financial Implications
Financial Implications Jonathan Collins Chief Financial Officer
Slide 11: Transaction Overview
Transaction Overview Transaction Details Acquiror Altaris LLC Valuation / Consideration DRG Commercialization Solutions $600m / $525m cash, $75m seller note 10x Adj. EBITDA less Capital Expenditures; ▲ 3x v. CLVT at 7x1 Timing Expect transaction to close by year end subject to customary regulatory a
Slide 12: LS&H Divestiture Improves Key Financial Metrics and Maintains FCF
LS&H Divestiture Improves Key Financial Metrics and Maintains FCF FY 2026 Estimated Impact of LS&H Divestiture Growth / Revenues / Mix Key Metrics 2026T¹ 2026T Exc. LS&H² • LS&H segment has the highest transactional revenue in portfolio; Recurring will increase recurring mix ~1.5% ~1.5% No Change Or
Slide 13: Proceeds and FCF Generation Enable Retirement of Mid-Term Debt Maturities
Proceeds and FCF Generation Enable Retirement of Mid-Term Debt Maturities Debt Maturity Profile ($ millions) Debt Maturity Profile • Favorable runway with no near-term debt maturities 775 2,499 2028 and 2029 Notes 900 900 • Proceeds from the LS&H sale 2026 2027 2028 2029 2030 2031 will be used to re
Slide 14: Investment Highlights
Investment Highlights Delivering on Value Creation Plan Commitments Improving Predictability Accelerating Transaction Through Revenue Mix Organic Growth Represents Delivering Rationalizing Portfolio AI-Driven Innovation With Sale of LS&H Continued VCP Enhancing Financial Profile With Divesti
Slide 15: Q&A Session
Q&A Session
Slide 16: Appendix: Full Year Guidance and Presentation of Certain Non-GAAP Financial Measures
Appendix Full Year Guidance and Presentation of Certain Non-GAAP Financial Measures
Slide 17: FY 2026 Guidance Reaffirmed; Assumes Transaction Closes at Year End
FY 2026 Guidance Reaffirmed; Assumes Transaction Closes at Year End Current vs. PY ACV Organic ~2¼% 2% 3% +50 bps Growth ACV Organic Growth • Likely in lower half of range as LS&H Recurring ~1½% will be inorganic in H2 ¾% 2¼% +90 bps Organic Growth2 Recurring Organic Growth • Subscription growth acc
Slide 18: Presentation of Certain Non-GAAP Financial Measures
Presentation of Certain Non-GAAP Financial Measures Adjusted EBITDA and Adjusted EBITDA margin Adjusted EBITDA represents net income (loss) before the provision (benefit) for income taxes, depreciation and amortization, and interest expense, net, adjusted to exclude share-based compensation, impairm
Slide 19: Reconciliation of Non-GAAP Financial Measures – 2026 Outlook
Reconciliation of Non-GAAP Financial Measures – 2026 Outlook Net income (loss) to Adjusted EBITDA and Adjusted EBITDA margin Year Ending December 31, 2026 Year Ending December 31, 2026 (Forecasted) (Forecasted) Incl. LS&H Excl. LS&H $m Low Mid-Point High Mid-Point Net income (loss) $(461) $(416) $(3
Slide 20: Reconciliation of Non-GAAP Financial Measures – 2026 Outlook
Reconciliation of Non-GAAP Financial Measures – 2026 Outlook Net cash provided by operating activities to Free cash flow and Free cash flow margin Year Ending December 31, 2026 Year Ending December 31, 2026 (Forecasted) (Forecasted) Incl. LS&H Excl. LS&H $m Low Current Indication High Current Indica
Slide 21: Reconciliation of Non-GAAP Financial Measures – 2026 Outlook
Reconciliation of Non-GAAP Financial Measures – 2026 Outlook Net income (loss) per fully diluted weighted shares outstanding to Adjusted diluted EPS Year Ending December 31, 2026 (Forecasted) $m Low High Net income (loss) per share $(0.70) $(0.57) Amortization related to acquired intangible assets 0
Slide 22: Reconciliation of Non-GAAP Financial Measures – 2026 Outlook
Reconciliation of Non-GAAP Financial Measures – 2026 Outlook Revenues, Including Discontinued Operations to Revenues Year Ending December 31, 2026 (Forecasted) $m Low High Revenues, including discontinued operations $2,300 $2,420 Revenues attributable to discontinued operations (360) (380) Revenues
Slide 23: About Clarivate
About Clarivate © 2026 Clarivate Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in Clarivate and its logo, as well as all other the areas of Academia & Government, Intellectual Property and L