Half-Year Results for Six Months to 30 June 2018

KEY FINANCIAL AND OPERATING HIGHLIGHTS1

• Improving Revenue Growth: +4.3% underlying1 (H1 2017: +3.7%) and +4.6% reported

• Increased Adjusted Operating Profit: +1.9% underlying1 and +3.3% reported growth to £294.4m (H1 2017: £284.9m), despite higher depreciation and currency headwinds;

• Higher Adjusted Diluted Earnings per Share: +2.5% to 24.6p (H1 2017: 24.0p)

• Enhanced Dividend: up 6% to 7.05p (H1 2017: 6.65p)

• Strong Free Cash Flow: +4.9% to £119.4m (H1 2017 £113.8m)

• Efficient Balance Sheet: Net debt/EBITDA2 at 3.1x following UBM completion (H1 2017: 2.8x)

• Lower statutory figures largely due to one-off acquisition costs: Statutory Operating Profit £151.6m (H1 2017: £182.0m) and Statutory Diluted EPS 10.4p (H1 2017: 14.1p)

London: Informa (LSE: INF.L), the International Exhibitions, Events, Business Intelligence and Academic Publishing Group, today released its financial results for the six months to 30 June 2018, reporting continued growth alongside progress on the Accelerated Integration Plan for UBM.

Stephen A. Carter, Group Chief Executive, said: “Informa continues to deliver good trading performances, reflecting our combination of international scale, increased depth and breadth in attractive industry verticals and the recent addition of UBM. This puts us firmly on track for another year of growth in revenue, adjusted operating profit, adjusted earnings, cashflow and dividends.”

He added: “Our focus for the second half is clear: to maintain consistent operating performance, as we implement our Accelerated Integration Plan to combine UBM and Informa and create a truly international B2B Information Services Group.”

•  Accelerated Integration Plan (“AIP”), a one-year phased programme of activity to combine Informa with UBM:
•   The AIP is focused on six core areas:

AIP 1. Operating Model: In EMEA and the Americas, UBM’s brands and businesses will be integrated into Informa’s divisional/vertical operating structures. In Asia, the Group is to adopt UBM’s operating approach, integrating Informa’s regional business into the UBM Asia structure. The Combined Group is increasingly organised and operated around industry verticals, both within the events-led Global Exhibitions, and the information and content-led Business Intelligence and Knowledge & Networking;

AIP 2. Leadership & Talent: Strength in depth within Informa and UBM is allowing us to structure and operate for scale at speed. Today we are confirming an initial series of leadership roles, including the promotion of Patrick Martell to the new position of Chief Operating Officer, responsible for building an efficient, high-performance operating platform. In addition, Eleanor Phillips was confirmed as Group HR Director and Simon Hollins as Chief Information Officer, thereby blending talent from both companies. Depth of talent also allows us to announce a structured succession plan in Asia, whilst in Business Intelligence, the strength of management within our core vertical businesses gives us confidence in the future leadership and development of the Division;

AIP 3. Progressive Portfolio Management: Following our effective strategy to strengthen and return to growth our information and content-led businesses in Business Intelligence and Knowledge & Networking, we are now accelerating the shift towards greater market and vertical orientation in the same way we are in our eventsled Global Exhibitions business. As part of this, we are confirming a portfolio management programme to review and/or exit markets which do not offer attractive long-term growth and returns, putting greater focus on markets where we are strong, such as Pharma, Life Sciences and TMT, amongst others;