LSE Results Presentation Deck
Strong financial performance in 2021
Total income (excl. recoveries)
£6,811m
6.1%
Adjusted EBITDA margin (¹)
48.2%
190bps
OLSEG
Adjusted EBITDA
£3,283m
8.3%
Adjusted EPS
287p
46%
Run rate
Cost synergies achieved
£151m
vs. £88m original
target(2)
Leverage
Net debt / Adjusted EBITDA
1.9x
from 3.3x at Dec-20
Total
cost synergies identified
£400m
(1) Adjusted EBITDA Margin is calculated as Adjusted EBITDA / Total Income (excl. recoveries)
(2) Cost synergy target for year 1 disclosed in 2020 preliminary results (3) Provisional dividend pending shareholder approval
vs. £350m
original target
Total dividend (³)
95p
27%
Note:
• All variances, except for Adjusted EBITDA Margin variance, are constant currency excluding the impact of the deferred revenue accounting adjustment
All figures and prior year comparative performance are based on pro-form a performance assuming Refinitiv has been part of LSEG for the full-period with financial performance from Borsa Italiana excluded
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