PR Newswire
NEW YORK, May 24, 2018
NEW YORK, May 24, 2018 /PRNewswire/ -- S&P Global (NYSE: SPGI) will host its 2018 Investor Day today in New York. S&P Global President and Chief Executive Officer Douglas L. Peterson and executives will discuss plans for achieving S&P Global's strategic objectives and realizing the Company's vision for "powering the markets of the future" by seamlessly delivering powerful analytics, benchmarks and data that enable customers to make confident decisions across capital and commodity markets.
"Our clear growth strategy and operating model are shaped by deep customer and market insights gained from our conversations with customers around the globe about their current and future needs," said Mr. Peterson. "Those discussions have informed our strategic plans to expand core businesses, pursue exciting adjacent growth opportunities and enhance six foundational capabilities, which include global expansion, customer orientation, innovation, technology, operational excellence and people. This approach—combined with our financial strength and proven, world-class management team—makes me as optimistic and enthusiastic as ever about our future."
During today's event, S&P Global's executives will outline key plans and initiatives, including:
Productivity Savings Program
In addition, S&P Global is announcing new productivity savings programs, which are expected to generate ~$100 million of run-rate cost savings over the next three years. The Company expects to realize these savings primarily through productivity improvements across support functions, real estate and digital infrastructure.
Financial Targets
The Company is setting annual financial targets over a 3-4 year horizon, including:
"We have demonstrated the ability to deliver exceptional shareholder returns by reorienting the business portfolio over the last several years," said S&P Global Chief Financial Officer Ewout Steenbergen. "We are confident that as we look ahead we have the strategy, operating and financial discipline, and deep talent to continue delivering significant shareholder value."
Product Showcase
Company leaders will feature some of S&P Global's latest innovative offerings and capabilities during a product showcase, including:
Event Presenters
S&P Global's Investor Day will feature presentations by:
Updated 2018 Guidance
In connection with Investor Day, the Company is updating its guidance because it has recently settled its final significant financial crisis litigation. The Company's GAAP operating profit margin guidance is updated from 45% - 46% to a range of 44% - 45% and its GAAP diluted earnings per share guidance is updated from $7.95 - $8.10 to a range of $7.75 - $ 7.90. Adjusted diluted earnings per share guidance with a range of $8.45 to $8.60 remains unchanged.
Access Details for Webcast and Telephone
Attendance at the event is by invitation only. Any interested parties may tune in to the live video webcast or listen by telephone.
Investor Day will begin streaming live on May 24 at 1:00 p.m. EDT and will conclude at 4:40 p.m. EDT. The video webcast will be available, live and in replay for one-year, at http://investor.spglobal.com/CustomPage/Index?KeyGenPage=1073751596&event=20170 (please copy and paste URL into web browser).
Discussions may include forward-looking information. The presenters' slides will be posted to the Company's Investor Relations website at 11:45 am. Additional information presented during Investor Day may be made available on the Company's Investor Relations website at http://investor.spglobal.com.
A limited number of telephone lines will be available for participants without access to the video webcast. Domestic participants may call (888) 391-6568; international participants may call (415) 228-4733 (long distance charges will apply). The passcode is "S&P Global" and the conference leader is Douglas Peterson. A recorded telephone replay will be available approximately two hours after the meeting concludes and will remain available until June 24, 2018. Domestic participants may call (866) 353-3070; international participants may call (203) 369-0090 (long distance charges will apply). No passcode is required.
Comparison of Adjusted Information to U.S. GAAP Information
The Company reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). The Company also refers to and presents certain additional non-GAAP financial measures, within the meaning of Regulation G under the Securities Exchange Act of 1934. These measures are: adjusted diluted earnings per share, adjusted net income, adjusted operating profit and margin, organic revenue, adjusted unallocated expense, adjusted effective tax rates, adjusted diluted EPS guidance, free cash flow, free cash flow excluding certain items and return of capital. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP on Exhibit 1. The Company's non-GAAP measures include adjustments that reflect how management views our businesses. The Company believes these non-GAAP financial measures provide useful supplemental information that, in the case of non-GAAP financial measures other than free cash flow and free cash flow excluding certain items, enables investors to better compare the Company's performance across periods, and management also uses these measures internally to assess the operating performance of its business, to assess performance for employee compensation purposes and to decide how to allocate resources. The Company believes that the presentation of free cash flow and free cash flow excluding certain items allows investors to evaluate the cash generated from our underlying operations in a manner similar to the method used by management and that such measures are useful in evaluating the cash available to us to prepay debt, make strategic acquisitions and investments, and repurchase stock. However, investors should not consider any of these non-GAAP measures in isolation from, or as a substitute for, the financial information that the Company reports.
Forward-Looking Statements
This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; and the Company's cost structure, dividend policy, cash flows or liquidity.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including the "Risk Factors" section in the Company's most recently filed Annual Report on Form 10-K and any subsequently filed Quarterly Report on Form 10-Q.
About S&P Global
S&P Global is a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. The Company's divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. S&P Global has approximately 20,000 employees in 31 countries. For more information visit www.spglobal.com.
Investor Relations: http://investor.spglobal.com
Contact:
Investor Relations:
Chip Merritt
Vice President, Investor Relations
(212) 438-4321 (office)
chip.merritt@spglobal.com
News Media:
David Guarino
VP, External Communications
(212) 438-1471 (office)
dave.guarino@spglobal.com
Jason Feuchtwanger
Director, Corporate Media Relations
(212) 438-1247 (office)
(347) 419-4169 (cell)
jason.feuchtwanger@spglobal.com
Exhibit 1 | |||||||||||
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Reconciliation of Adjusted Information to U.S. GAAP Information | |||||||||||
(dollars in millions, except per share amounts) | |||||||||||
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S&P Global Organic Revenue | |||||||||||
| |||||||||||
(unaudited) | | 2015 | | 2014 | | % Change | | ||||
| | | | | | | | ||||
Total revenue | | $ | 5,313 | | | $ | 5,051 | | | 5% | |
Market Intelligence acquisitions, product closures | | (85) | | | (2) | | | | | ||
Platts acquisitions | | (24) | | | — | | | | | ||
Organic revenue | | $ | 5,204 | | | $ | 5,049 | | | 3% | |
| | | | | | | | ||||
| | | | | | | | ||||
| | 2016 | | 2015 | | % Change | | ||||
Total revenue | | $ | 5,661 | | | $ | 5,313 | | | 7% | |
Market Intelligence acquisition, product closure | | (304) | | | (157) | | | | | ||
Platts acquisitions and divestiture | | (230) | | | (316) | | | | | ||
Indices acquisition | | (1) | | | — | | | | | ||
Organic revenue | | $ | 5,126 | | | $ | 4,840 | | | 6% | |
| | | | | | | | ||||
| | | | | | | | ||||
| | 2017 | | 2016 | | % Change | | ||||
Total revenue | | $ | 6,063 | | | $ | 5,661 | | | 7% | |
Market Intelligence product closure and | | — | | | (117) | | | | | ||
Platts acquisitions and divestiture | | (30) | | | (216) | | | | | ||
Indices acquisition | | (3) Werbung Mehr Nachrichten zur S&P Global Aktie kostenlos abonnieren
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