Slide 1: 2024 Half-Year Results
2024 Half-Year Results Operating Performance, Expansion & Balance Sheet Strength 24 July 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: International backdrop
International backdrop Increasing value of live experiences Increasing R&D investment Steady global growth Increasing digitisation Slowing inflation Increasing AI usage Rate cuts Elections 2024 Half-Year Results 3
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: Championing the Specialist
Championing the Specialist Serving growth markets $73bn $33bn $20bn Addressable market Size of the global exhibition Size of the B2B technology data for Knowledge Services industry in 2025 and market access market Unique 60+ 5.2m 180k 8k+ 20m Sustainability Leading Marquee and Online Backlist titles
Slide 6: 2024 Half-Year Highlights
2024 Half-Year Highlights Strong growth Reported revenue growth 11.5%; Adjusted operating profit growth 12.9%; Free cash flow growth 27.1% Higher operating margin Higher operating margin at 27.5%. On track for continuing margin expansion through 2024 Growing adjusted earnings Adjusted earnings per s
Slide 7: 2024 Operational Highlights
2024 Operational Highlights Informa Group…Completion of Capital Recycling Program Intelligence divestments funding additions of Tarsus, Winsight, HIMSS and recommended offer for Ascential Informa Markets…Further Strong Growth Increasing demand for high quality transaction-led live B2B experiences In
Slide 8: Creating a leading B2B Growth Accelerator for the Technology Industry
Creating a leading B2B Growth Accelerator for the Technology Industry ms Market Intelligence & Insight le s tea C-s rs , sa uit te e, ke bu Competitor Intelligence ar sin m e d Intent & Preliminary proxy l ss fie Buyer Advice st , rs Demand statement filed with SEC ra te teg rk e Qualified Sales Lea
Slide 9: An ambition to double revenues within 5 years from $500m to $1bn
An ambition to double revenues within 5 years… from $500m to $1bn Enterprise Growth in industry International New product Attractive inorganic IT growth vertical tech sectors expansion development growth opportunities Accelerating growth in a Expansion of product Growth in our Additional scale, reac
Slide 10: A brief history of Exhibition time
A brief history of Exhibition time… The The Great Informa Informa Launch Informa French Exhibition, acquires IIR of GAP1 present Industrial Crystal Holdings day Exposition Palace 1844 1851 ……………………… 1998 2005 2014 2024+ 2024 Half-Year Results 10
Slide 11: Building and Buying
Building and Buying… Informa EV/EBITDA multiples* Market pricing >10% 17.0x 16.0x 16.0x 16.0x 13.3x 10.9x 11.0x 10.8x 10.5x 8.9x 8.5x <1% Hanley Wood Penton YPI UBM Tarsus, 2014 2016 2017 2018 Winsight, HIMSS and c11x Ascential c14x Average Multiple Average Multiple 2024 Half-Year Results *Post tax
Slide 12: An evolution
An evolution… 2024 Half-Year Results 12
Slide 13: to experiences
…to experiences 2024 Half-Year Results 13
Slide 14: Commercial value in experiences
Immersive activities Physical and emotional connections / Fun and High value Commercial Unique high energy content experiences Cutting edge must-see speakers / Forums, Unmissable, memorable discussions, value in experiences / FOMO demonstrations, debates experiences Personal & professional Deep comm
Slide 15: World Class B2B Brands
World Class B2B Brands 2024 Half-Year Results 15
Slide 16: World Class B2B Brands
World Class B2B Brands 2024 Half-Year Results 16
Slide 17: World Class B2B Brands
World Class B2B Brands 2024 Half-Year Results 17
Slide 18: World Class B2B Brands
World Class B2B Brands 2024 Half-Year Results 18
Slide 19: Recommended offer for Ascential plc
Recommended offer for Ascential plc Strong Underlying Growth Recommended Offer for Ascential 568p per share in cash c£12m Cost Savings Headline equity value of c.£1.2bn 53% premium to last Closing Price on 22 July Low Double-Digit EV/EBITDA multiple in 2025 Post synergies, revenue opportunities and
Slide 20: Strategic Rationale
Strategic Rationale 1. Nurturing & Growing Major B2B Brands Addition of Lions and Money20/20 a powerful combination, with Informa’s strong track record of growing major events a blueprint for further growth and expansion Informa is in the 2. FinTech business of creating, Opportunity for Money20/20 t
Slide 21: Combination Approach: The Discovery Period
Combination Approach: The Discovery Period Q4 2024 H1 2025 The Discovery Period (6-Months) Lions & Delivering Connect & FinTech Financial Festivals for customers understand planning Security planning • Focus on delivering 2024 • Build a full picture and • Detailed planning for • Establish Informa •
Slide 22: 2021-2024 Capital Recycling Program Complete
2021-2024 Capital Recycling Program Complete Divestments Reinvestments Divested Revenues c£200m Acquired Revenues c£600m Av. EV/EBITDA multiple c28x Av. EV/EBITDA multiple c11x Divestment Value c£2.5bn Acquisition Value c£2.4bn £1.85bn+ 2024 Half-Year Results Cash returned to shareholders through di
Slide 23: The Informa Group (inc. TechTarget and Ascential)
The Informa Group (inc. TechTarget and Ascential) B2B Live & On-Demand Events B2B Digital Services Academic Markets Portfolio Growth Transaction-led Content-led B2B Data & Specialist Academic Research, Investments Live & On Demand B2B Events Live & On-Demand B2B Events Market Access Platform Advance
Slide 24: Strong Financial Performance & Effective Capital Management
Strong Financial Performance & Effective Capital Management Gareth Wright, Group Finance Director 2024 Half-Year Results 24
Slide 25: 2024 Half-Year Financial Highlights
2024 Half-Year Financial Highlights Revenue Underlying Revenue Growth Adjusted Operating Profit +11.5% +11.0% +12.9% Year-on-year increase to £1,695m H1 2023: 31.9% Year-on-year increase to £467m H1 2023: £1,521m H1 2023: £414m Adjusted Diluted EPS Dividend Per Share Free Cash Flow +5.8% +10.3% +27.
Slide 26: Financial delivery
Financial delivery H1 2024 H1 2023 Strong revenue growth £m £m • Reported revenue growth 11.5%. Underlying 11.0% Revenue 1,695.3 1,520.5 Adjusted Operating Profit 466.9 413.5 Increasing adjusted operating profit Adjusted Operating Margin 27.5% 27.2% • Reported adj. operating profit growth 12.9%. Und
Slide 27: Strong underlying performance
Strong underlying performance H1 2024 H1 2023 Reported Underlying £m £m % % Key takeaways Revenue Informa Markets 838.3 760.8 10.2 12.9 Informa Markets Informa Connect 328.3 278.7 17.8 6.5 • Continuing strong operating leverage Informa Tech 227.6 197.6 15.2 15.5 • 150bps margin improvement Taylor &
Slide 28: Financial delivery
Financial delivery H1 2024 Revenue Growth (%) H1 2024 Adjusted Operating Profit Growth (%) 11.5% 12.9% Reported growth Reported growth 2024 Half-Year Results 28
Slide 29: Operating performance delivering margin expansion
Operating performance delivering margin expansion Further improvement to operating margin Adjusted operating profit margin • Strong underlying revenue growth • Improving operating performance • Annualisation of 2023 portfolio additions • Improving margin despite currency headwind 27.5% Group adjuste
Slide 30: Disciplined Capital allocation
Disciplined Capital allocation Operating Cash Flow Conversion 90%+…2024 Free Cash Flow £740m+ Key takeaways Organic Progressive Inorganic Share A balanced, disciplined approach • Investment for growth Investment Dividends Investment Buybacks • Flexible approach Consistent Capex at Interim 2024 up 10
Slide 31: Free cash flow and leverage
Free cash flow and leverage Key takeaways 2024 free cash flow guidance of £740m+ Portfolio Investments Curinos Banking Intelligence 56.2% Norstella Pharma Intelligence 6.7% Lloyd’s List Maritime Intelligence 20.0% Founder’s Forum B2B Events 22.3% ITN Production 20.0% PA Media Specialist Media 18.2%
Slide 32: Flexible Balance Sheet
Flexible Balance Sheet Debt maturities at 30 June 2024 (£m) Key takeaways 1,600.0 Substantial liquidity supported by 1,400.0 strong cash flow 1,200.0 • Strong operating cash conversion 1,000.0 • No group level financial covenants 800.0 • Average debt maturity 2.0 years • Weighted average cost of deb
Slide 33: Market Guidance
Market Guidance 2024 Half-Year Key takeaways Results 2024 Market & 24 July 2024 Increasing market AGM Update guidance reflects strong May/June 2024 underlying performances, 2023 Full Year good forward visibility and Results 8 March 2024 further AI development Pre-Close Revenue £3,450m to £3,500m £1b
Slide 34: Operating Performance, Expansion & Balance Sheet Strength
Operating Performance, Expansion & Balance Sheet Strength Stephen A. Carter, Group Chief Executive 2024 Half-Year Results 34
Slide 35: The Informa Group (inc. TechTarget and Ascential)
The Informa Group (inc. TechTarget and Ascential) B2B Live & On-Demand Events B2B Digital Services Academic Markets Portfolio Growth Transaction-led Content-led B2B Data & Specialist Academic Research, Investments Live & On Demand B2B Events Live & On-Demand B2B Events Market Access Platform Advance
Slide 36: Recurring & Specialist Revenues
Recurring & Specialist Revenues (inc. TechTarget and Ascential) Recurring Revenue Specialist Revenue 60%+ Recurring & Predictable Hospitality & Food Revenues Technology Health & Nutrition Humanities Infrastructure, Construction & Exhibitor Sponsorship Healthcare & Pharma Real Estate Maritime, Transp
Slide 37: Recurring and Predictable Revenues into 2025
Recurring and Predictable Revenues into 2025 H2 2024 2024 H1 2025 Live and on-demand bookings Subscription revenue Live and on-demand visibility 80%+ 90%+ 65%+ Informa Markets major event bookings for exhibitors Informa Markets Marquee events excluding Fashion and Boat shows 2024 Half-Year Results 3
Slide 38: International Revenues
International Revenues Americas IMEA Europe ASEAN+ Hong Kong Mainland China $1.2bn+ $440m+ $400m+ $275m+ $125m+ $325m+ 2024 revenue 2024 revenue 2024 revenue 2024 revenue 2024 revenue 2024 revenue 10%+ 30%+ 15%+ 20% + 10%+ c5% H1 events underlying H1 events underlying H1 events underlying H1 events
Slide 39: Major B2B brands in major markets
Major B2B brands in major markets Marquee Brands Power Brands Key takeaways $30m+ CPhI (Pharma) $10m-$30m Farm Progress (Agriculture) 60%+ H1 events revenue from Natural Products (Health & Nutrition) Bio-Europe (BioTech) Black Hat (CyberSecurity) TISE (Construction) marquee and power brands SuperRet
Slide 40: Syndicating world class brands
Syndicating world class brands Pharma Construction Cyber Security Finance Healthcare CPhI Cityscape Black Hat SuperReturn Healthcare No of locations in 2024 8 No of locations in 2024 4 No of locations in 2024 4 No of locations in 2024 8 No of locations in 2024 12 2024 Half-Year Results $470m+ 2023 r
Slide 41: ESG
ESG Faster to Zero Moving faster to become a zero waste and net zero carbon business 99th 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: ESG rankings
ESG rankings Max score AAA Negligible A A+ 1-0 100 Key takeaways Negli AAA 99 gible Low th 68 DJSI industry centile B 58 C+ 0 score Min 1 CCC 2 Severe 3 D- 4 D- 5 0 6 0 7 2024 Half-Year Results 42
Slide 43: The Power & Potential of AI at Informa
The Power & Potential of AI at Informa Customer Vendor sentiment Support management analysis chat bot Content Content recommen Enhanced indexing dations fake Analysing event detection Cash and Customer feedback invoice service allocation chat bot Facial Current & recognition Content sentiment Servic
Slide 44: Unlocking innovation and value through AI partnerships
Unlocking innovation and value through AI partnerships $75m+ Investment in Technology, OA and AI 2024 AI related • Reinvest up to one third of 2024 AI profit revenue in • Further embed AI into workflows Taylor & Francis • Enhance product functionality Product innovation • Specialist Expert Agents •
Slide 45: The Informa Group (inc. TechTarget and Ascential)
The Informa Group (inc. TechTarget and Ascential) B2B Live & On-Demand Events B2B Digital Services Academic Markets Portfolio Growth Transaction-led Content-led B2B Data & Specialist Academic Research, Investments Live & On Demand B2B Events Live & On-Demand B2B Events Market Access Platform Advance
Slide 46: Appendix
Appendix 2024 Half-Year Results 46
Slide 47: Informa Markets
Informa Markets £1,593m £461m 66% Revenue in 2023 Adj. Op. Profit in 2023 Underlying Revenue Growth in 2023 Informa Markets is our transaction-led live and on-demand events division. We bring specialist markets to life, helping businesses to connect, trade, innovate and grow through live experiences
Slide 48: Informa Connect
Informa Connect £581m £103m 14% Revenue in 2023 Adj. Op. Profit in 2023 Underlying Revenue Growth in 2023 Informa Connect delivers content-led live and on-demand events and experiences and specialist digital content that connect audiences and help professionals to know more, do more and be more. c.1
Slide 49: Informa Tech
Informa Tech £397m £73m 6% Revenue in 2023 Adj. Op. Profit in 2023 Underlying Revenue Informa Tech focuses on the technology Growth in 2023 industry, providing B2B data and market access to customers through live and on- demand events, specialist research, specialist media brands, digital demand c.1
Slide 50: Taylor & Francis
Taylor & Francis £619m £218m 3% Taylor & Francis is a leading provider of Revenue in 2023 Adj. Op. Profit in 2023 Underlying Revenue Growth in 2023 academic research, advanced learning and open research. We work with knowledge makers around the world to ensure high- quality research has an impact, b
Slide 51: Adjusting Items
Adjusting Items H1 2024 H1 2023 £m £m Intangible amortisation and impairment 159.8 150.5 Acquisition and integration costs 35.2 39.6 Restructuring and reorganisation costs 4.9 0.3 Fair value (gain) on contingent consideration (15.4) (78.8) Fair value loss on contingent consideration 19.5 3.0 Foreign
Slide 52: Currency Sensitivity
Currency Sensitivity Average Rates Closing Rates H1 2024 H1 2023 H1 2024 H1 2023 GBP/USD 1.27 1.23 1.26 1.26 The anticipated impact of a 1 cent movement in the USD to GBP exchange rate in 2024: Annual revenue £17.9m Annual adjusted operating profit £7.0m Annual adjusted earnings per share 0.4p 2024
Slide 53: Sponsored ADR Programme
Sponsored ADR Programme Informa ADRs trade on the US over- For any questions relating to Informa ADRs, the-counter (OTC) market please contact BNY Mellon Symbol IFJPY Damon Rowan ISIN US45672B305 Tel: +44 20 7163 7511 Ratio 1 ADR : 2 ORD E-mail: damon.rowan@bnymellon.com Effective date 1st July 2013
Slide 54: Additional Information and Where to Find It
Additional Information and Where to Find It In connection with the proposed transaction (the “proposed transaction”), Toro CombineCo, Inc. (“NewCo”) filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (File No. 333-280529) containing a preliminary proxy
Slide 55: Cautionary Note Regarding Forward-Looking Statements (continued)
Cautionary Note Regarding Forward-Looking Statements (continued) Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “see
Slide 56: Thank you
Thank you Informa.com