Thomson Reuters Corporation (NYSE:TRI) Q2 2021 Results Conference Call August 5, 2021 9:00 AM ET Company Participants Frank Golden - Head, IR Steve Hasker - CEO Mike Eastwood - CFO Conference Call Participants Gary Bisbee - BofA Securities Drew McReynolds - RBC Capital Markets Kevin McVeigh - Credit Suisse Andrew Steinerman - JP Morgan Toni Kaplan - Morgan Stanley George Tong - Goldman Sachs Vince Valentini - TD Securities Tim Casey - BMO Capital Markets Operator Good day, everyone, and welcome to the Thoms ...

Thomson Reuters Corporation (NYSE:TRI) Q1 2021 Earnings Conference Call May 4, 2021 8:30 AM ET Company Participants Frank Golden - Head of Investor Relations Steve Hasker - Chief Executive Officer Mike Eastwood - Chief Financial Officer Conference Call Participants Kevin McVeigh - Credit Suisse Toni Kaplan - Morgan Stanley Andrew Simon - JPMorgan Vince Valentini - TD Securities Drew McReynolds - RBC Manav Patnaik - Barclays Aravinda Galappatthige - Canaccord Genuity George Tong - Goldman Sachs Operator Good ...

REUTERS / Firstname Lastname REUTERS / Pascal Rossignol Thomson Reuters 2021 FIRST-QUARTER RESULTS May 4, 2021 THOMSON REUTERS® Agenda • Welcome / Introduction Frank Golden • First-Quarter 2021 Results Steve Hasker • Financial Review Mike Eastwood First-Quarter 2021 Q2 2021 Outlook / Full-Year 2021 Update • Q & A 2 Special Note Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions This presentation consists of these slides and the associated remarks and comments, which a ...

Thomson Reuters Corporation (NYSE:TRI) Q4 2020 Earnings Conference Call February 23, 2021 8:30 AM ET Company Participants Frank Golden - Head of Investor Relations Steve Hasker - Chief Executive Officer Mike Eastwood - Chief Financial Officer Conference Call Participants Toni Kaplan - Morgan Stanley Drew McReynolds - RBC Vince Valentini - TD Securities Gary Bisbee - BMA Securities Kevin McVeigh - Credit Suisse Aravinda Galappatthige - Canaccord Genuity George Tong - Goldman Sachs Manav Patnaik - Barclays Do ...

REUTERS / Firstname Lastname REUTERS / Pascal Rossignol Thomson Reuters 2020 FOURTH-QUARTER & FULL-YEAR RESULTS February 23, 2021 Agenda • Welcome / Introduction Frank Golden • Fourth-Quarter & Full-Year 2020 Results Steve Hasker Accelerating to 3.0 - Change Program • Financial Review Mike Eastwood Fourth-Quarter & Full-Year 2020 Outlook - 2021, 2022 & 2023 • Q & A 2 Special Note Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions This presentation consists of these sl ...

Financial Data and Key Metrics Changes - Reported revenues increased by 2%, organic revenues were up 2.5%, and revenues at constant currency rose by 3% [10] - Adjusted EBITDA increased by 42% to $491 million, reflecting a margin of 34% [10][48] - Adjusted earnings per share rose to $0.39 from $0.27 in the same quarter last year [10][54] Business Line Data and Key Metrics Changes - The Big 3 businesses (Legal, Corporates, and Tax & Accounting) achieved organic revenue growth of nearly 5% [9][35] - Legal segment revenues increased by 4% before currency, with organic revenues up 3% [11][35] - Corporates segment organic revenues grew by 5.5%, while Tax & Accounting's organic revenues bounced back by 10% [14][35] Market Data and Key Metrics Changes - Reuters News organic revenues declined by 2%, and Global Print organic revenues fell by 7% [15][41] - The Government business within the Legal segment grew 9% organically [13][35] Company Strategy and Development Direction - The company is transitioning from a holding company to an operating company, aiming to strengthen its businesses and enhance customer experience [20][29] - There is a focus on integrating AI and machine learning with unique content to become a leading content-enabled technology company [22][23] - The company plans to streamline its product offerings and reduce complexity to improve customer experience and drive growth [24][25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business despite the challenging macro environment [7][9] - The company is increasing guidance for adjusted EBITDA margin and free cash flow for the full year, expecting a consolidated adjusted EBITDA margin of about 32% [16][63] - Management is optimistic about organic growth opportunities without the need for transformational M&A [28][29] Other Important Information - The company expects to close the sale of Refinitiv to the London Stock Exchange Group in the first quarter of 2021, with an expected interest worth about $8.8 billion pre-tax [60] - Free cash flow for the first nine months was reported at $881 million, a significant improvement from a negative $50 million in the prior year [56] Q&A Session Summary Question: Can you provide insight into the level of stepped-up OpEx investments for growth initiatives? - Management confirmed there will be significant OpEx investments in Q4 related to organic growth initiatives across various segments [74][76] Question: What is driving the strong new sales in the Legal segment? - Management attributed the strong performance to effective customer focus and strong products like Westlaw Edge and Practical Law [81][83] Question: How does the competitive environment look for Westlaw? - Management indicated that while competitors are active, they remain focused on innovation and customer partnerships rather than competitive dynamics [89] Question: Can you break down the investments between CapEx and OpEx? - Management stated that capital intensity is expected to decline as revenue grows, with additional investments planned for Q4 to capitalize on near-term opportunities [92][93] Question: What is the outlook for share repurchases? - Management does not anticipate additional share buybacks this year, with discussions planned for the January Board meeting regarding 2021 [124] Question: What is the status of M&A activity? - Management noted a return of M&A activity and emphasized a rigorous approach to pursuing acquisitions that enhance customer experience and reduce complexity [126][128] Question: How is the small law firm segment performing? - Management reported that the small law segment, which constitutes about one-third of total revenue, has rebounded well post-COVID disruptions [133][135]

REUTERS / Firstname Lastname REUTERS / Pascal Rossignol Thomson Reuters 2020 THIRD-QUARTER RESULTS November 3, 2020 Agenda 2 Welcome / Introduction Frank Golden Third-Quarter 2020 Results Steve Hasker Update & Next Steps Financial Review & 2020 Outlook Mike Eastwood Q & A Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions This presentation consists of these slides and the associated remarks and comments, which are related and intended to be presented and understood to ...

REUTERS / Mike Blake REUTERS / Vasily Fedosenko Leonhard Foeger REUTERS / Marcos Brindicci REUTERS / Mike Segar THOMSON REUTERS 2020 SECOND-QUARTER RESULTS August 5, 2020 The intelligence, technology and human expertise the answer company™ THOMSON REUTERS® Agenda Welcome / Introduction Frank Golden Second-Quarter 2020 Results Steve Hasker Financial Review & 2020 Outlook Mike Eastwood Q & A 2 Special Note Sensitivity: Confidential Special Note Regarding Forward-Looking Statements, Material Risks and Material ...

Thomson Reuters Corporation (NYSE:TRI) Q2 2020 Earnings Conference Call August 5, 2020 8:30 AM ET Company Participants Frank Golden - Head of Investor Relations Steve Hasker - Chief Executive Officer Mike Eastwood - Chief Financial Officer Conference Call Participants Drew McReynolds - RBC Capital Markets Aravinda Galappatthige - Canaccord Genuity Kevin McVeigh - Credit Suisse Gary Bisbee - Bank of America Ryan Johnson - Goldman Sachs Vince Valentini - TD Securities Operator Ladies and gentlemen, thank you ...

Thomson Reuters Corporation (NYSE:TRI) Q1 2020 Earnings Conference Call May 5, 2020 8:30 AM ET Company Participants Frank Golden - IR Steve Hasker - CEO Mike Eastwood - CFO Conference Call Participants Michael Cho - JP Morgan Drew McReynolds - RBC Capital Markets George Tong - Goldman Sachs Toni Kaplan - Morgan Stanley Manav Patnaik - Barclays Aravinda Galappatthige - Canaccord Tim Casey - BMO Vince Valentini - TD Securities Gary Bisbee - Bank of America Merrill Lynch Operator Ladies and gentlemen, thank yo ...