LSE Mergers and Acquisitions Presentation Deck
Delivers attractive financial returns
for shareholders
1
Enhanced revenue (1)
mix with attractive
growth
2) Significant synergies
3 Attractive returns
Maintains current
4) capital management
framework
—
buksaim
London
Stock Exchange Group
c.70% recurring subscription-based revenue up from c.40%
5-7% revenue CAGR targeted over the first three years post
completion
Annual run rate cost synergies in excess of £350m
Annual run rate revenue synergies in excess of £225m
Over 30% adjusted EPS accretion in the first full year post
completion and increasing in years 2 and 3
ROIC expected to exceed investment criteria in the 3rd year
post completion
1.0 - 2.0x target leverage in 24-30 months post completion,
from around 3.5x at completion
- Maintaining current progressive dividend policy
5) Committed, long-term new shareholders with interests fully aligned
Note: These statements are based on non-IFRS financial projections on Refinitiv. These statements may be subject to amendment by LSEG in the Circular and Prospectus when based on Refinitiv financial projections under IFRS
and / or IFRS-consistent accounting policies adopted by LSEG in its own internal Group projections
(1) Revenue excludes recoveries and includes treasury income and other income
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