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RELX(RELX) - 2020 Q4 - Annual Report
2021-02-18 12:13
[Publication Announcement](index=1&type=section&id=Publication%20Announcement) RELX PLC announced the publication of its 2020 Annual Report and Form 20-F, detailing document availability and share capital [Document Release and Availability](index=1&type=section&id=Document%20Release%20and%20Availability) RELX PLC announced the publication of its 2020 Annual Report and Financial Statements on February 18, 2021, along with the 2020 Form 20-F filing with the SEC - RELX PLC published its 2020 Annual Report and Financial Statements on February 18, 2021[1](index=1&type=chunk) - The 2020 Annual Report and 2020 Form 20-F are available on www.relx.com, https://data.fca.org.uk//nsm/nationalstoragemechanism, and www.sec.gov[2](index=2&type=chunk)[3](index=3&type=chunk) - Hard copies of the documents can be obtained free of charge from the company's registered office or via email[4](index=4&type=chunk) [Share Capital Information](index=1&type=section&id=Share%20Capital%20Information) The total number of voting rights in RELX PLC's issued share capital, excluding shares held in treasury, is currently 1,932,400,428 | Metric | Value | | :----- | :---- | | Total Voting Rights (Issued Share Capital, exclusive of treasury shares) | 1,932,400,428 | [Directors' Responsibility Statement](index=1&type=section&id=Directors%27%20Responsibility%20Statement) The Directors' Responsibility Statement confirms compliance with UK DTR 6.3.5 and the true and fair view of the Group's financial position [Statement Context and Scope](index=1&type=section&id=Statement%20Context%20and%20Scope) This section presents the Directors' Responsibility Statement, extracted from page 121 of the 2020 Annual Report, to comply with UK Disclosure and Transparency Rule 6.3.5 - The Directors' Responsibility Statement is provided to comply with UK Disclosure and Transparency Rule 6.3.5[5](index=5&type=chunk)[6](index=6&type=chunk) - The statement is extracted from page 121 of the 2020 Annual Report and applies to the full report[6](index=6&type=chunk) - The published documents include the 2020 Annual Report and Financial Statements, and the Corporate Responsibility Report 2020[7](index=7&type=chunk) [Directors' Confirmation on Financial Reporting](index=2&type=section&id=Directors%27%20Confirmation%20on%20Financial%20Reporting) The Directors confirm that, to their best knowledge, the consolidated financial statements provide a true and fair view of the Group's financial position and profit - Directors confirm consolidated financial statements give a true and fair view of the Group's assets, liabilities, financial position, and profit/loss, prepared under IFRS[9](index=9&type=chunk) - Directors confirm individual Company financial statements give a true and fair view of the Company's assets, liabilities, financial position, and profit/loss, prepared under FRS 101[9](index=9&type=chunk) - Directors confirm the Directors' Report includes a fair review of the business's development, performance, position, and principal risks[9](index=9&type=chunk) [Forward-Looking Statements Disclaimer](index=2&type=section&id=Forward-Looking%20Statements%20Disclaimer) This disclaimer defines forward-looking statements, outlines key risks, and clarifies the company's update obligations [Definition and Risk Factors](index=2&type=section&id=Definition%20and%20Risk%20Factors) The report contains forward-looking statements, defined as non-historical facts, which are subject to various risks and uncertainties that could cause actual results to differ materially - Forward-looking statements are non-historical facts, indicated by terms like "outlook," "expect," "believe," and "trends"[8](index=8&type=chunk) - Actual results may differ materially due to risks including economic forces, COVID-19 impact, changes in intellectual property rights, regulatory changes, demand, competition, acquisition benefits, system failures, data security, and exchange rate fluctuations[8](index=8&type=chunk) - The company does not undertake to publicly update or revise forward-looking statements unless required by law[8](index=8&type=chunk)[10](index=10&type=chunk) [Company Overview and Contacts](index=3&type=section&id=Company%20Overview%20and%20Contacts) This section provides contact information and an overview of RELX's global operations and market capitalization [Enquiries](index=3&type=section&id=Enquiries) Contact information is provided for media and investor enquiries, including names, telephone numbers, and email addresses | Contact Type | Name | Tel | Email | | :----------- | :--- | :-- | :---- | | Media | Paul Abrahams | +44 20 7166 5724 | paul.abrahams@relx.com | | Investors | Colin Tennant | +44 20 7166 5751 | col.tennant@relx.com | [About RELX](index=3&type=section&id=About%20RELX) RELX is a global provider of information-based analytics and decision tools, serving customers in over 180 countries with offices in about 40 countries - RELX is a global provider of information-based analytics and decision tools for professional and business customers[11](index=11&type=chunk) - RELX serves customers in over **180 countries**, has offices in about **40 countries**, and employs over **33,000 people**, with almost half in North America[11](index=11&type=chunk) | Exchange | Ticker Symbol | Market Capitalisation (approx.) | | :------- | :------------ | :------------------------------ | | London | REL | £35bn | | Amsterdam | REN | €41bn | | New York | RELX | $49bn |
RELX(RELX) - 2020 Q4 - Earnings Call Presentation
2021-02-12 19:18
Results 2020 Erik Engstrom, CEO, and Nick Luff, CFO 11 February 2021 DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS 2 This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These statements are subject to risks and uncertainties that could cause actual results or outcomes of RELX PLC (together with its subsidiaries, "RELX", "we" or "our") to differ materially ...
RELX Group. (RELX) CEO Erik Engstrom on Full Year 2020 Results - Earnings Call Transcript
2021-02-12 05:24
RELX Group. (NYSE:RELX) Full Year 2020 Earnings Conference Call February 11, 2021 4:00 AM ET Company Participants Anthony Habgood – Chairman Erik Engstrom – Chief Executive Officer Nick Luff – Chief Financial Officer Conference Call Participants Katherine Tait – Goldman Sachs Adam Berlin – UBS Tom Singlehurst – Citi Nick Dempsey – Barclays Patrick Wellington – Morgan Stanley Matthew Walker – Credit Suisse Makilito Nun – Bounds team Konrad Zomer – ABN AMRO Sami Kassab – Exane Rajesh Kumar – HSBC Anthony Habg ...
RELX(RELX) - 2019 Q4 - Annual Report
2020-02-20 14:41
Table of Contents As filed with the Securities and Exchange Commission on February 20, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) or 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-13334 RELX PLC (Exact name of Registrant as specified in its charter) England (Jurisdiction of incorporat ...
RELX(RELX) - 2019 Q4 - Earnings Call Presentation
2020-02-18 08:08
| --- | --- | |----------------------------------------|------------------| | | | | | | | | | | | | | Results 2019 | | | | | | Erik Engstrom, CEO, and Nick Luff, CFO | | | | | | | 13 February 2020 | | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
RELX(RELX) - 2019 Q4 - Earnings Call Transcript
2020-02-15 01:02
Financial Data and Key Metrics Changes - The company reported a 4% underlying revenue growth for 2019, with a 7% growth in earnings per share (EPS) at constant currencies and a 5% growth in sterling revenue, translating to a 10% increase in sterling adjusted EPS [2][7][23] - Cash flow conversion remained strong at 96%, and the company proposed a 9% increase in the full-year dividend to 45.7p [2][23] - Adjusted operating profit growth was 5%, leading to a margin improvement of 30 basis points, with the adjusted operating profit margin reaching 31.6% [23][28] Business Line Data and Key Metrics Changes - In the STM segment, underlying revenue growth was 2%, consistent with the prior year, driven by electronic revenues despite print declines [7][10] - Risk & Business Analytics (RBA) experienced a strong growth of 7% in revenue and 8% in operating profit, with growth driven by enhanced analytics and dataset extensions [11][13] - Legal segment saw a 2% revenue growth and an 8% profit growth, aided by efficiency gains and process improvements [14][26] - Exhibitions reported a 6% revenue growth, with a decline in underlying operating profit due to cycling-out effects [16][24] Market Data and Key Metrics Changes - The U.S. market environment improved gradually throughout 2019, although it was less supportive than the prior year [11] - The company noted that the market conditions remained strong in Europe and the U.S., with good growth in China [16] - Currency movements positively impacted sterling reported revenues across all business areas by 2% to 4% [25][27] Company Strategy and Development Direction - The company's strategic priority is the organic development of sophisticated analytics and decision tools, supported by selective acquisitions [6][18] - In 2019, the company completed 14 acquisitions totaling £416 million, with a focus on enhancing customer value through targeted data and analytics [19] - The company aims to reshape its portfolio through acquisitions that align with its organic growth strategies [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to deliver underlying revenue growth and adjusted operating profit in 2020, despite uncertainties related to the coronavirus outbreak [17][50] - The company anticipates that temporary venue constraints and the impact of the coronavirus will not significantly alter underlying revenue growth trends [17][48] - Management emphasized the importance of corporate responsibility and ESG performance, which has been recognized by external agencies [3][42] Other Important Information - The company reported a slight increase in leverage to 2.5x, including leases and pensions, slightly higher than the prior year [23][39] - The ongoing share buyback program totaled £600 million in 2019, with a reduction in buyback planned for 2020 due to recent acquisitions [23][41] Q&A Session Summary Question: Thoughts on the potential executive order regarding embargo periods on U.S. funded research - Management refrained from commenting on specific policy changes but welcomed engagement with funding agencies to understand objectives and collaborate [54] Question: Expectation of less drag on reported revenue growth from disposals - Management acknowledged that print revenues now represent only 9% of total revenues, indicating a reduced drag from disposals, but did not rule out further disposals [56] Question: Impact of postponing events due to coronavirus - Management confirmed the ability to reschedule events and emphasized the importance of customer health and well-being [58][60] Question: Strategic rationale behind recent acquisitions in fraud and identity space - Management highlighted the natural fit of the acquisitions within their existing offerings and the goal of providing comprehensive risk assessment tools [64][66] Question: Marginal benefits from new acquisitions to organic growth - Management indicated that the new acquisitions would contribute to underlying revenue growth in 2021, although the impact would be within normal variations [84] Question: Renewal rates for STM business - Management clarified that renewal completion rates are assessed based on revenue percentages, consistent with previous years [96]
RELX(RELX) - 2019 Q2 - Earnings Call Transcript
2019-07-26 11:22
Relx PLC (NYSE:RELX) Q2 2019 Earnings Conference Call July 25, 2019 4:00 AM ET Company Participants Anthony Habgood - Non-Executive Chairman Erik Engstrom - CEO Nicholas Luff - CFO Conference Call Participants Nicholas Dempsey - Barclays Bank Sami Kassab - Exane BNP Paribas Adam Berlin - UBS Investment Bank Matthew Walker - Crédit Suisse Katherine Tait - Goldman Sachs Group Thomas Singlehurst - Citigroup Giasone Salati - Macquarie Research Patrick Wellington - Morgan Stanley Anthony Habgood So good morning, ...
RELX(RELX) - 2019 Q2 - Earnings Call Presentation
2019-07-25 18:28
| --- | |----------------------| | | | | | | | | | | | Interim results 2019 | | Erik Engstrom, CEO | | Nick Luff, CFO | | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
RELX(RELX) - 2018 Q4 - Annual Report
2019-02-28 14:32
Revenue and Profit - Revenue for the year ended December 31, 2018, was £7,492 million, an increase of 2.1% from £7,341 million in 2017[30] - Operating profit for 2018 was £1,964 million, up from £1,905 million in 2017, reflecting a growth of 3.1%[30] - Net profit attributable to RELX PLC shareholders for 2018 was £1,422 million, compared to £1,648 million in 2017, indicating a decrease of 13.7%[30] - The company’s net profit for the year was £1,428 million, a decrease from £1,656 million in 2017, reflecting a decline of 13.8%[30] - Earnings per RELX PLC ordinary share for 2018 was 71.9p, a decrease of 11.5% from 81.6p in 2017[34] - Reported net profit attributable to shareholders decreased by 14% to £1,422 million, down from £1,648 million in 2017[132] - Adjusted earnings per share increased by 6% to 84.7p, with a 7% rise at constant exchange rates[133] Assets and Liabilities - Total assets as of December 31, 2018, were £13,999 million, an increase from £12,632 million in 2017, representing a growth of 10.8%[31] - Non-current borrowings increased to £4,973 million in 2018 from £4,491 million in 2017, reflecting a rise of 10.7%[31] - Shareholders' equity as of December 31, 2018, was £2,329 million, slightly up from £2,292 million in 2017, showing an increase of 1.6%[31] - As of December 31, 2018, net borrowings amounted to £6,177 million, an increase of £1,135 million from £5,042 million in 2017[207] - Total borrowings rose to £6,365 million in 2018 from £5,253 million in 2017[208] - Gross bank and bond borrowings were £6,005 million, with lease liabilities of £360 million, while cash and cash equivalents stood at £114 million[207] Revenue Segmentation - The Scientific, Technical & Medical segment generated £2,538 million in revenue, maintaining a 34% share of total revenue[65] - Risk & Business Analytics segment revenue increased to £2,117 million, accounting for 28% of total revenue[65] - Legal segment revenue decreased to £1,618 million, representing 22% of total revenue[65] - Exhibitions segment revenue rose to £1,219 million, which is 16% of total revenue[65] - Electronic revenue accounted for £5,513 million, representing 74% of total revenue, while print revenue declined to £758 million, or 10% of total revenue[103] - North America generated £4,091 million in revenue, making up 55% of total revenue, while Europe and the rest of the world contributed £1,808 million (24%) and £1,593 million (21%) respectively[105] Expenses and Costs - Staff costs were the most significant expense, totaling £2,350 million in 2018, up from £2,273 million in 2017[106] - Reported operating costs increased to £5,560 million in 2018, up 2% from £5,473 million in 2017[125] - The company reported net finance costs of £211 million for 2018, compared to £199 million in 2017, indicating an increase of 6.0%[30] - The tax expense for 2018 was £292 million, significantly higher than £65 million in 2017, marking an increase of 349.2%[30] Dividends - Dividends per RELX PLC ordinary share for 2018 were 40.1p, up from 37.4p in 2017, marking a 7.2% increase[34] - Total dividends paid to shareholders amounted to £796 million, with a proposed final dividend of 29.7p per share, representing a 7% increase from the prior year[133] - Ordinary dividends paid to shareholders totaled £796 million in 2018, an increase from £762 million in 2017[206] Acquisitions and Capital Expenditure - Total cash spent on acquisitions in 2018 was £960 million, a significant increase from £141 million in 2017 and £367 million in 2016[76] - Capital expenditure in 2018 amounted to £365 million, up from £355 million in 2017 and £332 million in 2016, primarily focused on developing electronic products and infrastructure[78] Corporate Structure and Strategy - The company’s corporate structure was simplified in 2018, merging RELX NV into RELX PLC to form a single parent company[75] - The company plans to continue focusing on electronic and face-to-face revenue growth while addressing the decline in print revenue[124] Cash Flow and Liquidity - Cash generated from operations in 2018 was £2,555 million, up from £2,526 million in 2017[202] - The company reported a net cash inflow of £5 million from disposals in 2018, compared to £41 million in 2017[77] - The Group's liquidity was enhanced by a new $3.0 billion undrawn committed bank facility, replacing a $2.0 billion facility[210]
RELX(RELX) - 2018 Q4 - Earnings Call Transcript
2019-02-22 20:44
RELX PLC (NYSE:RELX) Q4 2018 Earnings Conference Call February 21, 2019 4:00 AM ET Company Participants Anthony Habgood – Chairman Erik Engstrom – Chief Executive Officer Nick Luff – Chief Financial Officer Conference Call Participants Sami Kassab – Exane Katherine Tait – Goldman Sachs Matthew Walker – Credit Suisse Rajesh Kumar – HSBC Adam Berlin – UBS Nick Dempsey – Barclays Patrick Wellington – Morgan Stanley Ian Whittaker – Liberum Anthony Habgood Good morning, everybody, and welcome to RELX’s 2018 Resu ...