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
Note:
(1) Revenue excludes recoveries and includes treasury income and other income
-
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
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