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AGM 20 April 2017 DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS - PDF document

AGM 20 April 2017 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


  1. AGM 20 April 2017 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 a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those currently being anticipated. The terms “outlook”, “estimate”, “project”, “plan”, “intend”, “expect”, “should be”, “will be”, “believe”, “trends” and similar expressions identify forward-looking statements. Factors which may cause future outcomes to differ from those foreseen in forward-looking statements include, but are not limited to: current and future economic, political and market forces; changes in law and legal interpretations affecting the Group’s intellectual property rights; regulatory and other changes regarding the collection, transfer of use of third party content and data; demand for the Group’s products and services; competitive factors in the industries in which the Group operates; compromises of our data security systems and interruptions in our information technology systems; legislative, fiscal, tax and regulatory developments and political risks; exchange rate fluctuations; and other risks referenced from time to time in the filings of RELX PLC and RELX NV with the US Securities and Exchange Commission. 2 1

  2. RELX Group 2016 progress • Positive financial performance – Slight increase in underlying revenue growth rate – Underlying revenue and operating profit growth across all four business areas • Further strategic and operational progress – Continued improvement in business profile – Organic development of analytics & decision tools 3 2016 financial highlights Underlying revenue growth • +4% Underlying adjusted operating profit growth • +6% Adjusted EPS growth at constant currencies • +8% 4 2

  3. Financial performance Underlying revenue growth* Underlying adjusted operating profit growth +6% +6% +5% +5% +5% +4% +3% +3% +3% +3% 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 * excluding exhibition cycling effects Adjusted earnings per share growth Return on invested capital Constant currency 11.7% 12.1% 12.8% 12.7% 13.0% +10% +8% +8% +8% +7% 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 5 Share price performance – RELX PLC vs FTSE 100 31 December 2011 to 19 April 2017 1544.0 p 1600 +197% RELX 1400 Price rebased to RELX PLC (p) PLC 1200 1000 800 +28% 519.0 p 600 FTSE 100 400 31 31 31 31 31 31 19 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Mar 17 Dec Dec Dec Dec Dec Dec April 2011 2012 2013 2014 2015 2016 2017 Total combined market £12bn £31bn capitalisation: 6 3

  4. RELX PLC – 5 year dividend history Total dividend (p) CAGR +12% 35.95p 29.7p 26.0p 24.6p 23.0p 2012 2013 2014 2015 2016 7 Total Shareholder Return – RELX PLC vs FTSE 100 31 December 2011 to 19 April 2017 400 +254% 350 RELX 300 PLC 250 200 +65% 150 FTSE 100 100 50 0 31 31 31 31 31 31 19 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Mar 17 Dec Dec Dec Dec Dec Dec Apr 2011 2012 2013 2014 2015 2016 2017 Including reinvested dividend 8 4

  5. RELX Group strategic direction: unchanged Where we are going • Deliver improved outcomes to professional customers • Combine content & data with analytics & technology in global platforms • Build leading positions in long term global growth markets • Leverage institutional skills, assets and resources across RELX Group How we are getting there • Organic development: Investment in transforming core business; build-out of new products • Portfolio reshaping: Selective acquisitions; selective divestments Implications for business profile: Improving quality of earnings • More predictable revenues • Higher growth profile • Improving returns 9 Corporate Responsibility: aligned with strategy Unique contributions Other material areas • Advance of science and health • Governance Promotion of the Rule of Law and People • • access to justice • Customers • Protection of society • Community • Universal, sustainable access to • Supply chain information • Environment Fostering communities • 10 5

  6. Organic development 2016 underlying revenue growth trends Format Geography Type 0% -8% + 5% Advertising Rest of Print 2% 13% World Face- 20% To-Face North Transactional Subscription 15% Electronic America 46% 52% Europe 55% 72% 25% +5% +3% + 4% + 4% + 4% +6% • Format trends continuing • Growth rates converging across • Slight improvement in growth geographies across revenue types 11 AGM trading update Key business trends so far in 2017 are consistent with the same period in 2016, and we are confident that, by continuing to execute on our strategy, we will deliver another year of underlying revenue, profit, and earnings growth in 2017. 12 6

  7. AGM 20 April 2017 7

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