RELX : Investor presentation – June 2026 02 June 2026 Presentation

About this update from Relx Plc

The global provider of information-based analytics and decision tools June 2026 RELX Investor Relations contacts Paul Sullivan - Head of Investor Relations [email protected] James Statham - Director, Investor Relations [email protected] Natalia Gardner - Investor Relations Associate [email protected] Kate Whitaker - Investor Relations [email protected] DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties that could cause actual results or outcomes of RELX PLC (together with its subsidiaries, "RELX", "we" or "our") to differ materially from those expressed in any forward-looking statement. We consider any statements that are not historical facts to be "forward-looking statements". The terms "outlook", "estimate", "forecast", "project", "plan", "intend", "expect", "should", "could", "will", "believe", "trends" and similar expressions may indicate a forward-looking statement. Important factors that could cause actual results or outcomes to differ materially from estimates or forecasts contained in the forward-looking statements include, among others: regulatory and other changes regarding the collection or use of personal data; changes in law and legal interpretation affecting our intellectual property rights and internet communications; current and future geopolitical, economic and market conditions; research integrity issues or changes in the payment model for our scientific, technical and medical research products; competitive factors in the industries in which we operate and demand for our products and services; our inability to realise the future anticipated benefits of acquisitions; compromises of our cybersecurity systems or other unauthorised access to our databases; changes in economic cycles, trading relations, communicable disease epidemics or pandemics, severe weather events, natural disasters and terrorism; failure of third parties to whom we have outsourced business activities; significant failure or interruption of our systems; our inability to retain high-quality employees and management; changes in tax laws and uncertainty in their application; exchange rate fluctuations; adverse market conditions or downgrades to the credit ratings of our debt; changes in the market values of defined benefit pension scheme assets and in the market related assumptions used to value scheme liabilities; breaches of generally accepted ethical business standards or applicable laws; and other risks referenced from time to time in the filings of RELX PLC with the US Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Except as may be required by law, we undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. RELX is a global provider of information-based analytics and decision tools for professional and business customers, enabling them to make better decisions, get better results and be more productive RELX global scale and growth 2025 Revenue: £9.6bn Adjusted operating profit: £3.3bn EBITDA margin 40.1% Adjusted operating margin: 34.8% Cash flow conversion: 99% Underlying revenue growth Underlying adjusted operating profit growth Adjusted EPS growth at constant currency +7% +9% +10% Net debt / EBITDA: 2.0x 1 At 1 June 2026 See Annual Report for definitions and reconciliations >37,000 employees worldwide Customers in more than 180 countries Listings in London, Amsterdam and New York (ADR) Market capitalisation 1 : £45bn / €52bn / $61bn Progress and outlook 2025 progress "RELX delivered strong underlying revenue and profit growth and strong new sales in 2025: continued strong growth in Risk; good growth with improving momentum in Scientific, Technical & Medical; a further step up in growth in Legal; and strong ongoing growth in Exhibitions." "Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers. We develop these products by leveraging deep customer understanding to combine our unique content and comprehensive data sets with advanced technologies." "The continued evolution of artificial intelligence is enabling us to add more value to our customers, as we embed additional functionality in our products, and to develop and launch products at a faster pace, while continuing to manage cost growth below revenue growth. This evolution has been a key driver of our business for well over a decade, and will remain a key driver of customer value and growth in our business for many years to come." 2026 full year outlook We continue to see positive momentum across the group, and we expect another year of strong underlying growth in revenue and adjusted operating profit, as well as strong growth in adjusted earnings per share on a constant currency basis. RELX revenue by category 2025 Format Face-to-face 12% Electronic 84% Print & print-related Geography Rest of world 21% Europe 21% North America 58% Type Transactional * 46% Subscription 54% *Includes long-term contracts with volumetric elements RELX revenue by format 2000-2025: 27% 25% 22% 21% 19% 18% 15% 13% 11% 10% 9% 8% 5% 7% 6% 7% 11% 5% 12% 4% 13% 12% 37% 33% 15% 16% 16% 15% 15% 56% 52% 51% 15% 15% 16% 64% 64% 60% 58% 14% 15% 14% 17% 15% 14% 22% 14% 22% 12% 28% 12% 30% 12% 32% 13% 35% 12% 37% 48% 50% 59% 61% 63% 64% 66% 66% 70% 72% 74% 74% 75% 87% 86% 83% 83% 83% 84% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Electronic Face-to-face Print Print & print-related RELX strategic direction Strategy Develop increasingly sophisticated information-based analytics and decision tools that deliver enhanced value to professional and business customers across market segments Primary focus on organic growth, supported by targeted acquisitions Revenue growth objectives Risk Sustain strong long-term growth profile STM Continue on improving growth trajectory Legal Continue on improving growth trajectory Exhibitions Sustain strong long-term growth profile Cost growth objective Underlying cost growth below underlying revenue growth Outcomes Better customer outcomes | Higher growth profile | Strong earnings growth | Improving returns | Positive impact on society Financial performance Underlying revenue growth Underlying adjusted operating profit growth +3% +4% +4% +4% +4% +7% +9% +8% +7% +7% +5% +6% +6% +6% +5% +13% +15% +13% +10% +9% -9% -18% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2024 and prior growth includes print & print-related 2024 and prior growth includes print & print-related Adjusted operating margin EBITDA margin 30.5% 30.7% 31.1% 31.3% 31.6% 29.2% 30.5% 31.4% 33.1% 33.9% 34.8% 34.3% 35.4% 35.8% 36.2% 37.3% 36.1% 37.2% 37.1% 38.7% 39.5% 40.1% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Financial performance -15% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 +7% +7% +7% +10% +9% +8% +8% +11% +10% +17% Constant currency adjusted EPS growth Return on invested capital 12.7% 13.0% 12.9% 13.2% 13.6% 14.0% 14.8% 15.4% 10.8% 11.9% 12.5% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Adjusted cash flow conversion 94% 95% 96% 96% 96% 97% 101% 101% 98% 97% 99% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 p 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Percentages represent growth in GBP +14% +9% +7% +10% +21% +6% +3% +8% +10% +7% +7% 70 p Dividend per share (p) Uses of cash - priorities 1. Organic development Capex (£m) 2015 307 2016 333 2017 354 2018 362 2019 380 2020 362 2021 337 2022 436 2023 477 2024 484 2025 525 Average: c 5% of revenue 2. Portfolio development 978 878 Average: Acquisition consideration (£m) 416 443 c £400m 207 367 123 255 130 195 270 3. Dividends Total payout (£m) 583 683 762 796 842 880 920 983 1,059 1,121 1,181 c 50% of adjusted earnings 4. Leverage Net debt / EBITDA 2.2x 2.2x 2.2x 2.4x 2.5x 3.3x 2.4x 2.1x 2.0x 1.8x 2.0x Typical range: 2.0-2.5x 5. Buybacks Deployed (£m) 500 700 700 700 600 150 0 500 800 1,000 1,500 2026: £2.25bn 1 2 3 4 5 6 7 8 9 10 11 1 2 3 4 5 6 7 8 9 10 11 1 2 3 4 5 6 7 8 9 10 11 1 2 3 4 5 6 7 8 9 10 11 Technology at RELX Build new products and support innovation Build and improve our big data, analytics, and technology platforms Ensure platforms are increasingly reliable, scalable, secure, and compliant Support operational efficiencies via automation and re-tooling Global Scale $2bn RELX annual technology spend More than 12,000 technologists at RELX 15+ years of experience with big data and AI/ML Technology agnostic Leverage approaches across RELX Extractive AI at RELX Relate & Profile & Clean Standardise Analyse Data Sources Public records Contributory Digital identities Machine generated Licensed Proprietary Delivery method Machine to machine Machine to human Real-time API services Batch services point of execution Customer single Unstructured and structured content Big data platforms Analysis applications High-quality data from a wide array of sources in multiple formats >130bn transactions analysed annually >105m scientific publication records >207bn legal and news documents and records Grid computing with low-cost servers Linking algorithms that generate high precision and recall Machine learning algorithms to cluster, link and learn from the data High speed data ingestion, recall, and processing Rapid development cycles Platforms to facilitate AI/ML Proprietary algorithms Predictive modelling Machine learning and artificial intelligence Modular product suites Flexible delivery platforms Generative AI at RELX Authoritative Content Grounding Generation, Expert Oversight and Validation Trusted Customer Solutions Data Sources Public records Contributory Digital identities Machine generated Licensed Proprietary Large unlabelled dataset Refined labelled dataset and Knowledge Graphs Linking approaches with high precision and recall Multi-model approach Model fine tuning for specific use cases Guardrails to enforce RELX Responsible AI Principles Human oversight Traceability, citations and source document linking Feedback loops for continuous model refinement Tailored Insights Personalised Analyses User specific workflows Draft documents Trust and transparency indicators Compliance with global regulations RELX revenue by segment Risk Provides customers with information-based analytics and decision tools that market position 2025 revenue £m 2025 adjusted operating profit £m combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency STM Helps advance science and healthcare by combining high-quality, trusted scientific and medical information and data sets with innovative technologies to deliver critical insights that support better outcomes Key verticals #1 Global #1 3,485 1,305 2,714 1,035 Legal Helps its customers improve decision-making, achieve better outcomes and increase productivity by providing tools that combine legal, regulatory and business information with powerful analytics US #2 Outside US #1 or #2 1,806 415 Exhibitions Combines industry expertise, digital tools, and data to help customers connect in-person and online, discover new markets, source products, generate leads and transact Global #2 1,186 410 RELX 2025 revenue and adjusted operating profit by segment Exhibitions (+8%) Risk (+8%) Legal (+9%) STM (+5%) Print & print-related RELX Group revenue (+7%) Exhibitions (+9%) Risk (+10%) Legal (+12%) STM (+7%) Print & print-related RELX Group adjusted operating profit (+9%) Percentages represent underlying growth RELX 2025 revenue by segment RELX Group ( +7% ) Exhibitions ( +8% ) News & Business Business Services Risk ( +8% ) Government & Academic Legal ( +9% ) Law Firms & Corporate Legal Insurance Specialised Industry Data Services Government Print & print-related Percentages represent underlying growth Academic & Government Primary Research Databases, Tools & Electronic Reference Corporate Primary Research STM ( +5% ) RELX underlying revenue growth by segment Risk +9% +7% +8% +8% +9% +7% +8% +8% +8% +8% +3% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Scientific, Technical & Medical +4% +4% +5% +2% +2% +2% +2% +2% +3% +4% +1% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Legal +9% +5% +6% +7% +1% +2% +2% +2% +2% +3% +1% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Exhibitions +44% +64% +30% +11% +8% +5% +5% +6% +6% +6% -69% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2024 and prior growth includes print & print-related

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