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 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, ...

| --- | |----------------------| | | | | | | | | | | | Interim results 2019 | | Erik Engstrom, CEO | | Nick Luff, CFO | | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

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 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 ...

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