The global provider of information-based analytics and decision tools August 2021 RELX Investor Relations contacts Colin Tennant – Head of Investor Relations James Statham – Director, Investor Relations [email protected] [email protected] +44 (0)20 7166 5751 +44 (0)20 7166 5688 Kate Whitaker – Investor Relations Ged Southworth – Investor Relations Associate [email protected] [email protected] +44 (0)20 7166 5634 +44 (0)20 7166 5964 (for meeting requests) 2 DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS 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 from those expressed in any forward-looking statement. We consider any statements that are not historical facts to be “forward-looking statements”. The terms “outlook”, “estimate”, “forecast”, “project”, “plan”, “intend”, “expect”, “should”, “will”, “believe”, “trends” and similar expressions may indicate a forward-looking statement. Important factors that could cause actual results or outcomes to differ materially from estimates or forecasts contained in the forward-looking statements include, among others: the impact of the Covid-19 pandemic as well as other pandemics or epidemics; current and future economic, political and market forces; changes in law and legal interpretation affecting RELX intellectual property rights and internet communications; regulatory and other changes regarding the collection or use of third-party content and data; changes in the payment model for our products; competitive factors in the industries in which we operate and demand for our products and services; ability to realise the future anticipated benefits of acquisitions; significant failure or interruption of our systems; compromises of our cyber security systems or other unauthorised access to our databases; legislative, fiscal, tax and regulatory developments; exchange rate fluctuations; and other risks referenced from time to time in the filings of RELX PLC with the US Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Except as may be required by law, we undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. 3 RELX is a global provider of information-based analytics and decision tools for professional and business customers. We help researchers make new discoveries, doctors and nurses improve the lives of patients, and lawyers develop winning strategies. We prevent online fraud and money laundering, and help insurance companies evaluate and predict risk. Our events combine in-person and digital experiences to help customers learn about markets, source products and complete transactions. In short, we enable our customers to make better decisions, get better results and be more productive. 4 RELX global scale • 2020 revenues: £7.1bn • 2020 adjusted operating profit: £2.1bn • 2020 adjusted operating margin: 29.2% • Strong cash flow and balance sheet: ― 2020 cash flow conversion: 97% ― net debt / EBITDA1: 3.3x including leases and pensions (2.9x ex leases and pensions) • Over 33,000 employees worldwide; Customers in more than 180 countries • Listings: London, Amsterdam and New York (ADR) • Market capitalisation2: £41bn / €48bn / $57bn 1At 31 December 2020 2As at 29 July 2021 Adjusted figures are stated before amortisation of acquired intangible assets, acquisition related costs, disposal gains / losses, pension financing costs and anomalous tax effects 5 RELX H1 2021 progress • Financial performance – Underlying growth trends across almost all market segments returning to the improving trajectory that we saw in the early part of 2020 – Double digit growth in adjusted operating profit and earnings per share at constant currencies • Operational and strategic progress – Further organic development of analytics and decision tools across all segments – Recent acquisitions performing well – Further progress on ESG key metrics and external ratings 6 H1 2021 financial highlights • Revenue growth +4% • Adjusted operating profit growth +11% • Adjusted EPS growth +10% • Interim dividend growth +5% Growth rates at constant currencies; dividend growth in sterling 7 H1 2021: Revenue by business area Revenue H1 2021: £3,394m Underlying growth nm +3% Exhibitions +10% Legal Risk Scientific, Technical & Medical +4% nm - not meaningful 8 RELX revenue by format 2000-2020: 2020: 8% 11% 10% 9% • Print: -12% underlying decline 15% 13% 19% 18% 22% 21% 5% – Print to electronic structural shift 27% 25% 33% 16% 37% 15% 16% accelerated 15% 15% – Covid-19 related disruption 52% 51% 15% 16% 56% 15% 60% 58% 15% 64% 64% 14% 14% • Face-to-face: -71% underlying decline 17% 15% – Covid-19 related venue closures – Digital component extended 12% 87% 13% 12% 75% 12% 72% 74% 74% • Electronic: +3% underlying growth 12% 70% 64% 66% 66% 61% 63% – Transition from electronic reference to 14% 14% 59% 48% 50% electronic decision tools continued 35% 37% – Slight offset by temporary Covid-19 32% 28% 30% 22% 22% impact in certain segments 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Electronic Face-to-face Print 9 RELX revenue by category 2020 Format Geography Type Print Rest of Advertising Face- 8% world 1% to-face 5% 20% Transactional 39% Europe 19% North Subscription Electronic America 60% 87% 61% 10 Financial performance Revenue Adjusted operating profit Adjusted earnings per share Percentages represent underlying growth Percentages represent underlying growth Percentages represent constant currency growth +4% 100 +7% 8 +4% +4% -9% 8 +7% +4% +7% -15% +8% £bn £bn +6% +6% +6% +5% -18% pence 0 0 0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Return on invested capital Adjusted cash flow conversion Dividend per share 96% 96% 96% 96% 97% 100% 100 15% 13.0% 12.9% 13.2% 13.6% 10.8% +9% +3% +21% +10% +7% pence 0 0 0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2017 ROIC and 2016 cash flow conversion restated for the adoption of new accounting standards IFRS 9, 15 & 16 11 Uses of cash - priorities 2016 2017 2018 2019 2020 1. Organic development Average: 380 Capex (£m) 333 354 362 362 5% of sales 12345 978 878 2. Portfolio reshaping Average: 338 416 Acquisition consideration (£m) 123 c£500m 12345 796 842 880 683 762 3. Dividends Average dividend cover: Total payout (£m) 2.0x 12345 3.3 x 4. Leverage 2.2 x 2.2 x 2.4 x 2.5 x Average: Net debt / EBITDA* 2.5x 12345 5. Buybacks 700 700 700 600 2021: nil Deployed (£m) 150 12345 * Including leases and pensions 12 Overview of business areas 13 RELX revenue by segment Exhibitions News & business Exhibitions Risk Legal print Business services Electronic reference & decision tools: − International − North Legal America Insurance Print books and pharma Data services Government Databases & tools and electronic reference Primary research: −Academic subscription –Corporate & Scientific, Technical & Medical transactional Pro forma last 12 month revenues for June 2021 portfolio 14 H1 2021: Risk H1 2021 revenue £1,228m Format Geography Type Face-to-face Rest of world 1% 7% Europe Subscription 14% 39% Electronic North America Transactional 99% 79% 61% 15 H1 2021: Risk Underlying growth Revenue • Transactional revenue growth strong; subscription revenue growth more recently returning to historical trends +10% • Business Services double digit growth driven by demand for fraud prevention +3% analytics and decision tools HY 2020 HY 2021 • Insurance strong growth driven by roll-out of enhanced analytics, extension of data sets, and expansion in adjacent verticals Adjusted operating profit +12% • Data Services end market dynamics varied by segment; strong in petrochemicals and agriculture, recovering in aviation +4% • Government strong growth driven by roll-out of analytics and decision tools HY 2020 HY 2021 2021 full year outlook: We expect underlying revenue growth slightly above historical trends, with underlying adjusted operating profit growth broadly matching underlying revenue growth 16 Risk underlying revenue growth +10% +9% +8% +8% +7% +7% Base market +6% +6% growth +5% contribution* +3% +3% Contribution from recent product introductions** 20112012 2013 2014 20152016 2017 2018 2019 2020 2021 H1 * Products more than 5 years old ** Products less than 5 years old 17 H1 2021: Scientific, Technical & Medical H1 2021 revenue £1,264m Format Geography Type Print 12% Rest of world Transactional 32% North 24% America 45% Electronic Europe Subscription 88% 23% 76% 18 H1 2021: Scientific, Technical & Medical Underlying growth Revenue • Good growth in electronic revenue continued; print revenue stabilised • Primary research growth driven by broader content sets and increasingly sophisticated analytics +4% +1% • Strong growth in articles published; market share gains in both subscription and HY 2020 HY 2021 open access payment models Adjusted operating profit • Databases & Tools and Electronic Reference strong growth driven by content development, enhanced functionality