2019 Annual General Meeting Stephen A. Carter Group Chief Executive 24 May 2019 1
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 of future performance and are subject to a number of risks and uncertainties and actual results, performance and events could differ materially from those currently being anticipated, expressed or implied in such forward-looking statements. Factors which may cause future outcomes to differ from those foreseen in forward-looking statements include, but are not limited to, those identified in the “Principal Risks and Uncertainties” section of the Group’s Annual Report. The forward-looking statements contained in this presentation speak only as of the date of preparation of this presentation and the Group therefore cautions against placing undue reliance on any forward-looking statements. Nothing in this presentation should be construed as a profit forecast. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this presentation to reflect any change in the Group’s expectations or any change in events, conditions or circumstances on which any such statement is based. This presentation does not constitute or form part of any offer or invitation to purchase any securities of any person nor any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any such securities. Informa 2019 AGM 2
The Knowledge & Information Economy 95m 500m photos and videos are tweets sent every day shared daily on Instagram 294bn Source: Twitter 4PB Source: Instagram Business emails sent daily, rising to 306bn by 2020 data created by Facebook, 463EB and 320bn by 2021… inc. 350m photos and with 3.9bn people using emails 100m hours of video 5bn data created every day by 2025 Source: Radicati Group Source: Facebook Research 4TB searches made per day, with 3.5bn from Google Source: Smart insights data produced by a connected car 28PB Source: Smart insights generated from wearable devices by 2020 4.4ZB Source: Statista Accumulated digital universe of data in 2019, rising to 44ZB by 2020 Source: PWC Informa 2019 AGM 3
Depth & Specialisation Health & Nutrition Physical Security Sciences Fund Pharma Flows Specialist. China 1. A person who concentrates primarily on a Artificial Fashion particular subject or activity; a person Intelligence highly skilled in a specific and restricted field (noun) Specialist Healthcare Markets 2. Possessing or involving detailed knowledge or study of a restricted topic (adjective) Retail Education Clinical Financial Trials Power Behavioural Science Hospitality & Food Beauty & Aesthetics Tech Informa 2019 AGM 4
Depth & Specialisation Increasing depth & specialisation Health & Ingredients Protein Collagen Nutrition Events Data & insight Media Range of B2B Brands & Services Informa 2019 AGM 5
Informa’s Journey to Depth & Specialisation 2018 Launch of ULG 3.4%* Distributed portfolio Growth Industry specialisation Acceleration Plan 2016 UK, Europe, MEA International reach Addition of ULG 1.6% UBM plc Short-term targets Investment for growth Addition of Portfolio Addition of Penton Agreement Hanley Wood Addition Addition Information with IHS Exhibitions of Virgo of Dove Product orientated Services Customer orientated Markit Publishing Medical 2014 Press Multiple platforms & ULG 0.7% Addition Operational fitness systems of YPI Inc Margins before Consistent 3%+ growth growth *Enlarged Informa Group 2013 2020 Informa 2019 AGM 6
Informa’s Journey: 2013 -2018 Underlying revenue growth (%) Adjusted Operating Profit (£m) Adjusted earnings per share (p) 3.7 49.2 4.0 800.0 50.0 732.1 3.4 +7% CAGR 46.0 +300bps +22% CAGR 700.0 3.0 45.0 42.1 600.0 545.5 39.5 1.6 2.0 40.0 37.8 500.0 1.0 415.6 0.7 1.0 35.0 365.6 400.0 334.0 0.0 300.0 30.0 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Dividends per share (p) Share Price (p) Free cash flow (£m) 900 21.9 550 22.0 503 +47% 800 +5% CAGR 20.5 500 21.0 +21% CAGR 450 401 20.0 19.3 700 400 18.5 19.0 350 306 17.8 600 303 18.0 300 237 17.0 500 250 16.0 200 400 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2019 2013-2018: FIVE CONSECUTIVE YEARS OF GROWTH IN REVENUE, EARNINGS, CASHFLOW & DIVIDENDS Informa 2019 AGM 7
The Focus for Informa in 2019 Combination Focus on completing the Combination, including operating and systems improvement Culture & Identity Focus on embedding a shared purpose and set of values across the enlarged Group Deleverage Focus on returning to our target leverage range of 2.0-2.5x Net Debt / EBITDA Delivery Focus on delivering financial and operational targets, including on synergies Informa 2019 AGM 8
Combination : The Accelerated Integration Plan Accelerated Integration Plan (AIP) AIP AIP AIP AIP AIP AIP Operating Progressive Cost & Leadership Fashion Brand Model & Portfolio Revenue & Talent GAP Value Verticals Management Synergies Events-led led and Best of both Accelerate shift to Cost t synergie ies 3-year ear plan to return Brand strategy • • • • • • Inform rmati tion on/con onte tent t verticals in content- to growt wth Refresh Group Revenue opportunities Product & vertical • • • led B2B B divisio isions led businesses leadership team £10m+ investment brands • Managing cost to • Reinforcement of Greater emphasis on into brands • • Appoin ointm tment t of COO achieve synergies Informa corporate • • verticals within markets with growth Support/refresh talent brand • divisions and returns Alignment to new • operating model Target new growth Retire ire UBM brand • • Changes to structure, Sale le of Life Scie iences s • • segments by end of AIP alignment and Media ia Brands incentives Portf tfolio olio Sales & Marketing Effective transition • • excellence programme Further £120m • revenue potentially in scope Informa 2019 AGM 9
Combination : The Accelerated Integration Plan Phase 1 Phase 2 Phase 3 Phase 4 Discovery Ambition Combination Completion & Validation & Creation June – August 2018 August – November 2018 Nov 2018 – March 2019 April – July 2019 Learn more about each other’s Finalise new operating structures Start to operate as a single, Introduction of the New Group’s • • • • businesses and teams and models, and start to combine combined business Purpose & Promise, internally and businesses externally Continued collaboration between Set objectives for 2019 based on • • senior management teams Confirm leadership and reporting the new Group’s business plans Complete systems integration • • lines in line with these structures Regular updates for all Colleagues Engaging with customers about Reap the full benefits of • • • Start formulating plans for 2019 opportunities across brands and Combination and Creation • Validating approach to • and preparing budgets as a businesses combination Long-term opportunities and • combined business Additional systems and platforms ambition for new Informa Group • Providing clarity on obvious areas • Initial linking and combination of integration • of overlap between businesses some tools and technology Start shift to new brand • platforms architecture Informa 2019 AGM 10
Culture & Identity: Informa…Championing the Specialist Guiding Principles Purpose 1. Thing big. Act Small Informa’s purpose is to champion the specialist, 2. Trust must be earned connecting people with 3. Success is a partnership knowledge to help them learn 4. More freedom. Fewer barriers more, know more and do more Informa 2019 AGM 11
Culture & Identity: Bringing the Brand to life ONLINE PHYSICAL SOCIAL Informa 2019 AGM 12
Culture & Identity: The New Informa Group Championing the Specialist Informa 2019 AGM 13
Culture & Identity: Community, Colleagues and Environment Informa 2019 AGM 14
6,000+ Colleagues Istanbul Is anbul Singapor apore Auckl ckland and Hong g Kong Presentation title 15
6,000+ Colleagues Bangal galore Atlanta anta Santa ta Monica ca Kuala Lumpo mpor Presentation title 16
6,000+ Colleagues New York Guang angZhou Zhou Sarasota ota Nashvi ville le Dubai ai Sao Paulo Presentation title 17
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