Global Business Information Specialist Informa’S Book Business Has More Than 55,000 Academic Advisers 26 Directors’ Report 27 and Business Titles
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Business Profile Business WHO WE ARE Business Profile 02 Annual Report & Financial Statements 2009 Our Business 03 Informa at a Glance 04 Academic Information 06 Professional & Commercial Information 08 Events & Training 10 Informa plc is a leading international provider of specialist information and services for the academic and scientific, professional and commercial business communities. Informa has some 150 offices in over 40 countries and employs approximately 8,000 staff around the world. Informa is the largest publicly-owned organiser of conferences and courses in the world with inThe Year The Year in Review 12 an output of around 8,000 events annually. Informa Financial Highlights 13 publishes over 2,100 subscription-based information Chairman’s Statement 14 services including academic journals, real-time news Chief Executive’s Review 16 Financial Review 19 R and structured databases of commercial intelligence. Board of Directors 24 eview Global Business Information Specialist Informa’s book business has more than 55,000 academic Advisers 26 Directors’ Report 27 and business titles. Corporate Governance Statement 38 Directors’ Remuneration Report 45 Corporate Responsibility 55 Financial Statements Financial Financial Statements 58 Independent Auditors’ Report – Group 59 Consolidated Income Statement 60 Consolidated Statement of Comprehensive Income 61 Consolidated Statement of Changes in Equity 62 Consolidated Statement of Financial Position 64 ”It was an extremely demanding year, Consolidated Cash Flow Statement 65 but one which brought to the fore some Notes to the Consolidated Financial of the key characteristics of Informa.” Statements 66 Independent Auditors’ Report – Company 124 Derek Mapp, Chairman Company Balance Sheet 125 See page 14 Notes to the Company Financial Statements 126 Annual Report & Financial Statements 2009 Five Year Summary 131 ”During a period of sustained economic Information Company Company Information 132 decline across the world, our Publishing Legal Notices 133 assets have performed exceptionally well.” Shareholder Information 134 Peter Rigby, Chief Executive Principal Group Offices 136 A Selection of Informa See page 16 Group Websites 137 Gubelstrasse 11 CH-6300 Zug ”These financial results demonstrate the strength Switzerland of a balanced portfolio and an ability to manage Telephone: 00 41 41 444 1344 costs proactively when demand is reduced.“ Fax: 00 41 41 444 1355 Adam Walker, Finance Director See page 19 www.informa.com This report is printed on 350gsm Lumisilk and 150gsm Lumisilk Business Profile Business WHO WE ARE Business Profile 02 Annual Report & Financial Statements 2009 Our Business 03 Informa at a Glance 04 Academic Information 06 Professional & Commercial Information 08 Events & Training 10 Informa plc is a leading international provider of specialist information and services for the academic and scientific, professional and commercial business communities. Informa has some 150 offices in over 40 countries and employs approximately 8,000 staff around the world. Informa is the largest publicly-owned organiser of conferences and courses in the world with inThe Year The Year in Review 12 an output of around 8,000 events annually. Informa Financial Highlights 13 publishes over 2,100 subscription-based information Chairman’s Statement 14 services including academic journals, real-time news Chief Executive’s Review 16 Financial Review 19 R and structured databases of commercial intelligence. Board of Directors 24 eview Global Business Information Specialist Informa’s book business has more than 55,000 academic Advisers 26 Directors’ Report 27 and business titles. Corporate Governance Statement 38 Directors’ Remuneration Report 45 Corporate Responsibility 55 Financial Statements Financial Financial Statements 58 Independent Auditors’ Report – Group 59 Consolidated Income Statement 60 Consolidated Statement of Comprehensive Income 61 Consolidated Statement of Changes in Equity 62 Consolidated Statement of Financial Position 64 ”It was an extremely demanding year, Consolidated Cash Flow Statement 65 but one which brought to the fore some Notes to the Consolidated Financial of the key characteristics of Informa.” Statements 66 Independent Auditors’ Report – Company 124 Derek Mapp, Chairman Company Balance Sheet 125 See page 14 Notes to the Company Financial Statements 126 Annual Report & Financial Statements 2009 Five Year Summary 131 ”During a period of sustained economic Information Company Company Information 132 decline across the world, our Publishing Legal Notices 133 assets have performed exceptionally well.” Shareholder Information 134 Peter Rigby, Chief Executive Principal Group Offices 136 A Selection of Informa See page 16 Group Websites 137 Gubelstrasse 11 CH-6300 Zug ”These financial results demonstrate the strength Switzerland of a balanced portfolio and an ability to manage Telephone: 00 41 41 444 1344 costs proactively when demand is reduced.“ Fax: 00 41 41 444 1355 Adam Walker, Finance Director See page 19 www.informa.com This report is printed on 350gsm Lumisilk and 150gsm Lumisilk HIGHLIGHTS, SUMMARY & OUTLOOK Financial Results £1,221.7m Adjusted operating profit growth of 1.2% despite revenue decline of 4.4% Revenue Increase in adjusted operating margin to 25.3% (2008: 23.9%) 2008: £1,278.0m Organic revenue decline of 14%; organic adjusted operating profit decline of 12% Statutory profit before tax of £96.5m (2008: £109.0m) Adjusted diluted earnings per share up to 34.3p (2008: 33.9p restated) £309.5m Statutory diluted earnings per share up to 18.8p (2008: 16.8p restated) Adjusted operating profit Free cash flow of £223.8m up 6.6% - adjusted cash conversion of 105% 2008: £305.8m Second interim dividend of 7.85p, total 2009 dividend of 11.45p (2008: 8.41p) Net debt/EBITDA ratio of 2.7 times Operational Results £261.3m Publishing performed exceptionally well – now 72% of Group adjusted operating profits Adjusted profit before tax 72% of publishing revenues delivered in digital format and 64% from subscriptions 2008: £233.4m Top 200 events, generating around 55% of events and training profits, displayed greater resilience in unprecedented times Annualised cost savings of £40m, with a restructuring cost of £27.7m 11.45p Outlook Booked and deferred income represents approximately 32% of full year revenues Total dividend (2008: 29%) 2008: 8.41p The majority of subscriptions are renewing in line with previous high rates Forward bookings for exhibitions and large scale events slightly ahead of 2009 Cost base reduced – well placed for recovery for futher information, see Financial Highlights, page 13, and FInancial Review, page 19 ® Informa at a glance OUR VALUES HOW WE OPERATE A SELEctiON OF INFORMA GROUP WEbsitES InnoVatiVE The nature of our business +40 We link leading titles and events in many sectors so target specific markets countries where that our content is the prime information source. Non-BUreaUcratic we operate We have built the business as a 3-dimensional matrix expand geographically with vertical (niche) markets on one axis, geographies on FOR Profit the second and media distribution formats on the third. +2,100 extend media distribution Open subscription-based Our business operates in three segments: information services • Academic Information Rewarding • Professional & Commercial Information MarKet-FocUsed +55,000 • Events & Training book titles published ABOUT QUality +8,000 events www.informa.com www.lifescienceanalytics.com www.iir.es +8,000 www.crcpress.com www.lloydslist.com www.iir.nl staff Revenue by type Revenue by business segment Revenue by geography www.psypress.com www.marketlineinfo.com www.iir.pl/iir www.tandf.co.uk/journals www.omega-performance.com www.iir-hungary.hu www.taylorandfrancis.com www.orbys.com www.iir-italy.it www.taylorandfrancisgroup.com www.ovumkc.com www.iirmd.com 7. 8. 6. www.r4l.info www.iirme.com 1. 3. 1.1. 4. 1. www.informaworld.com 5. www.achieveglobal.com www.robbinsgioia.com www.iir-training.co.za 4. www.agra-net.com www.scrip100.com www.iirusa.com www.ceasc.com www.scripnews.com www.informa.com.au www.datamonitor.com www.theblackbookofoutsourcing.com www.informatm.com 2. 2. 2. www.ebenchmarkers.com www.verdict.co.uk www.informaglobalevents.com 3. 3. www.esi-intl.com www.abudhabiyachtshow.com www.konference.cz www.esi-se.com www.adamsmithconferences.com www.monacoyachtshow.com www.forum.com www.arabhealthonline.com www.thesuperyachtcup.com www.cityscapeglobal.com Informa has been recognised for the second year 1. Delgates 25% 1. Academic Information £294.4m 1. United Kingdom £168.1m www.globalbusinessinsights.com www.euroforum.de running as one of Britain’s Top 100 Employers, 2. Copy sales 16% 2. Professional & 2. North America £480.8m www.huthwaite.com according to research conducted by CRF in 3. Subscriptions 35% Commercial Information £368.3m 3. Continental Europe £314.2m www.ibclifesciences.com www.futd.nl conjunction with Guardian Books. Organisations 4. Exhibition 7% 3. Events & Training £559.0m 4. Rest of World £258.6m www.iff-training.com www.ibceuroforum.dk all over Britain were judged by a panel of experts 5. Sponsorship 4% www.iirusa.com www.icbi-events.com/gaim for their performance in career development, 6. Consulting 6% www.informaecon.com www.icbi-events.com/superreturn training development, pay and benefits, working 7. Advertising 3% www.informahealthcare.com www.icbi-uk.com conditions and company culture – Informa 8. Other 4% www.informais.com www.iir.at received 5 out of 5 stars overall. www.informars.com