LSE Results Presentation Deck
Guidance for 2022
Revenue synergies
Cost synergies
Underlying operating
expenses
Depreciation and
amortisation
Net finance expense
Tax
Capex
LSEG
-
Expected to be between £40m and £60m run-rate
Expect to deliver c.£70m run-rate cost synergies in 2022, taking total run-rate synergies to c.£220m
Low single-digit increase in operating expenses
- Anticipated to be c.£820m, depending on phasing of capex
Financing expenses of c.£160m
A 1% increase in interest rates results in an approximate £14m increase in net finance expense
Effective Tax Rate of 22-24% (1)
Business as usual capex of c.£650m-£700m, plus additional integration capex
Note:
All guidance is on a constant currency basis and does not factor in any movements in currencies
(1) Based on current known tax rates.
34View entire presentation