2019 Annual General Meeting
Stephen A. Carter
Group Chief Executive
24 May 2019
1
General Meeting Stephen A. Carter Group Chief Executive 24 May - - PowerPoint PPT Presentation
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
Group Chief Executive
24 May 2019
1
Informa 2019 AGM 2 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
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 3
tweets sent every day
Source: Twitter
data created by Facebook,
100m hours of video
Source: Facebook Research
emails sent daily, rising to 306bn by 2020 and 320bn by 2021… with 3.9bn people using emails
Source: Radicati Group
searches made per day, with 3.5bn from Google
Source: Smart insights
data produced by a connected car
Source: Smart insights
photos and videos are shared daily on Instagram
Source: Instagram Business
Accumulated digital universe
rising to 44ZB by 2020
Source: PWC
data created every day by 2025
generated from wearable devices by 2020
Source: Statista
Informa 2019 AGM 4
Fashion Artificial Intelligence Education Retail Financial Power Health & Nutrition
Security
Fund Flows Healthcare Behavioural Science
Tech
Beauty & Aesthetics Clinical Trials Hospitality & Food China Physical Sciences
Specialist Markets
Pharma
particular subject or activity; a person highly skilled in a specific and restricted field (noun)
Specialist.
Informa 2019 AGM 5
Protein
Collagen
Health & Nutrition
Ingredients
Increasing depth & specialisation Range of B2B Brands & Services
Events Data & insight Media
Informa 2019 AGM 6
2014 ULG 0.7% Addition of Hanley Wood Exhibitions Launch of Growth Acceleration Plan Addition of Penton Information Services
2013 2020
Consistent 3%+ growth Operational fitness Customer orientated Investment for growth International reach Industry specialisation Margins before growth Multiple platforms & systems Product orientated Short-term targets UK, Europe, MEA Distributed portfolio
2018 ULG 3.4%* 2016 ULG 1.6% Addition of UBM plc Addition
Publishing Addition
Portfolio Agreement with IHS Markit Addition
Medical Press
*Enlarged Informa Group
334.0 365.6 415.6 545.5 732.1
300.0 400.0 500.0 600.0 700.0 800.0 2014 2015 2016 2017 2018
+22% CAGR
Informa 2019 AGM 7
Underlying revenue growth (%) Free cash flow (£m) Adjusted Operating Profit (£m) Dividends per share (p)
2013-2018: FIVE CONSECUTIVE YEARS OF GROWTH IN REVENUE, EARNINGS, CASHFLOW & DIVIDENDS
237 303 306 401 503
200 250 300 350 400 450 500 550 2014 2015 2016 2017 2018
+21% CAGR 0.7 1.0 1.6 3.4 3.7
0.0 1.0 2.0 3.0 4.0 2014 2015 2016 2017 2018
+300bps 17.8 18.5 19.3 20.5 21.9
16.0 17.0 18.0 19.0 20.0 21.0 22.0 2014 2015 2016 2017 2018
+5% CAGR 37.8 39.5 42.1 46.0 49.2
30.0 35.0 40.0 45.0 50.0 2014 2015 2016 2017 2018
+7% CAGR
Adjusted earnings per share (p) Share Price (p)
400 500 600 700 800 900 2014 2015 2016 2017 2018 2019 +47%
Informa 2019 AGM 8
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 9
led and Inform rmati tion
tent t led B2B B divisio isions
verticals within divisions
alignment and incentives
leadership team
tment t of COO
verticals in content- led businesses
markets with growth and returns
le of Life Scie iences s Media ia Brands Portf tfolio
revenue potentially in scope
t synergie ies
achieve synergies
AIP Operating Model & Verticals AIP Leadership & Talent AIP Progressive Portfolio Management AIP Cost & Revenue Synergies AIP Brand Value
Accelerated Integration Plan (AIP)
AIP Fashion GAP
ear plan to return to growt wth
into brands
segments
excellence
brands
brand
ire UBM brand by end of AIP
programme
Informa 2019 AGM 10
June – August 2018
businesses and teams
senior management teams
combination
August – November 2018
and models, and start to combine businesses
lines in line with these structures
and preparing budgets as a combined business
some tools and technology platforms
Nov 2018 – March 2019
combined business
the new Group’s business plans
businesses
integration
architecture
April – July 2019
Purpose & Promise, internally and externally
Combination and Creation
ambition for new Informa Group
Phase 1 Phase 2 Phase 3 Phase 4
Discovery & Validation Combination Completion Ambition & Creation
Informa 2019 AGM 11
Guiding Principles
Purpose
Informa’s purpose is to champion the specialist, connecting people with knowledge to help them learn more, know more and do more
Informa 2019 AGM 12
ONLINE PHYSICAL SOCIAL
Informa 2019 AGM 13
Championing the Specialist
Informa 2019 AGM 14
Presentation title 15
6,000+ Colleagues
Presentation title 16
6,000+ Colleagues
Presentation title 17
6,000+ Colleagues
Informa 2019 AGM 18
underlying revenue growth
2019 Performance & Growth
underlying revenue growth
underlying revenue growth
underlying revenue growth
underlying revenue growth
2019 Informa Group underlying revenue growth 3.5%+
AGM Trading Update Informa has performed well through the first four months of the year, with steady trading across our enlarged portfolio of specialist international brands. This leaves us well placed to meet our targets for 2019 and deliver a further year of growth in revenue, adjusted profit, earnings, cashflow and dividends
Informa 2019 AGM 19
Organic Growth Capital Structure Inorganic Growth Shareholder Returns Free Cash Flow
£600m+
Profit
£900m+
(OP cash conversion
in line with earnings (c.£300m)
EBITDA (2.9x at 31 Dec 2018)
Informa 2019 Investor Day 20
Specialist Markets
Consistent Revenue Growth
Depth of Talent Specialist Brands
Strong Cash Conversion Resilient Operating Margins Predictable performance and improving returns
2019 Informa AGM 21