S&P Global Inc. · NYSE:SPGI
S&P Global — Shareholder Meeting (May 2022)
31 slides from S&P Global's shareholder meeting presentation, May 4, 2022
Slide 1: Annual Shareholders Meeting 2022
Richard E. Thornburgh Annual Shareholders Chairman Doug Peterson President and CEO Meeting 2022 Tasha Matharu Chief Corporate Counsel & Corporate Secretary May 4, 2022
Slide 2: Tasha Matharu
Tasha Matharu Chief Corporate Counsel & Corporate Secretary 2
Slide 3: 2022 Annual Shareholders Meeting Rules of Conduct
2022 Annual Shareholders Meeting Rules of Conduct – Shareholders are offered the same rights and opportunities as an in-person meeting – We welcome questions from shareholders – Consult the Rules of Conduct To submit questions during the Annual Meeting, please log in to the meeting as a shareholder
Slide 4: Comparison of Adjusted Information to U.S. GAAP Information
Comparison of Adjusted Information to U.S. GAAP Information This presentation includes adjusted financial measures that are presented on a pro The Company’s earnings release dated May 3, 2022 contains exhibits that forma basis as if the merger had closed on January 1, 2021, to include the financial
Slide 5: Safe Harbor statement under the Private Securities Litigation Reform Act of 1995
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995 This presentation contains “forward- 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-lo
Slide 6: EU Regulation Affecting Investors in Credit Rating Agencies
EU Regulation Affecting Investors in Credit Rating Agencies European Union Regulation 1060/2009 (as amended) Any person obtaining direct or indirect ownership or applies to credit rating agencies (CRAs) registered in control of 5% or more or 10% or more of the shares the European Union (“EU”) and th
Slide 7: Doug Peterson
Doug Peterson President and CEO 7
Slide 8: Agenda
Agenda 1. S&P Global Update 2. Business of the Annual Meeting 3. General Q&A 8
Slide 9: Thank you
Thank you William “Bill” J. Amelio Monique F. Leroux Kurt L. Schmoke Co-Chief Executive Officer Former Chief Executive President and Executive Chairman Officer and Chair University of Baltimore DoubleCheck Desjardins Group 9
Slide 10: Welcome
Welcome Gregory Washington Jacques Esculier Gay Huey Evans Robert P. Kelly Deborah D. McWhinney President Former Chairman & CEO Chairman Former Chairman and CEO Former Chief Executive Officer George Mason University WABCO Holdings Inc. London Metal Exchange The Bank of New York Mellon of Global Ente
Slide 11: We produced another year of exceptional revenue and earnings growth.
We produced another year of exceptional revenue and earnings growth. 11
Slide 12: Delivered Strong Financial Results in 2021
Delivered Strong Financial Results in 2021 2021 2020 Change Revenue $8,297 $7,442 +11% Organic revenue $8,289 $7,433 +12% Adjusted operating profit $4,581 $3,967 +15% Adjusted operating profit margin 55.2% 53.3% +190 bps Average diluted shares outstanding 241.8 242.1 (0.4) shares Adjusted diluted EP
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Slide 14: The most compelling part of the S&P Global story has yet to be written.
The most compelling part of the S&P Global story has yet to be written. 14
Slide 15: We have the people, technology and capabilities to Power the Markets of the Future.
We have the people, technology and capabilities to Power the Markets of the Future. S&P Global 15
Slide 16: Combined Capabilities Enhance Company's Ability to Better Serve Customers in High Growth Adjacencies
Combined Capabilities Enhance Company’s Ability to Better Serve Customers in High Growth Adjacencies SPGI + INFO can together best serve emerging segments with… ESG Climate & Energy Transition Private Markets + SME 1 ~$20B and >10% Incremental Average market total addressable growth Credit and Risk
Slide 17: In essence, the merger has enabled a new era of essential intelligence.
In essence, the merger has enabled a new era of essential intelligence. 17
Slide 18: We Remain on Track To Achieve Our Merger-Related Revenue and Cost Synergy Targets
We Remain on Track To Achieve Our Merger-Related Revenue and Cost Synergy Targets, With Significant Progress in 1Q 2022 Previous guidance and outlook 1Q 2022 cumulative progress1 (March 1, 2022) Run-rate Cost Synergies ~$600M ~$135M ~80% achievement by 2023 ~$23M achieved in 1Q Revenue Synergies ~$3
Slide 19: Financial Results Demonstrate Strong Execution and Resilience of the Combined Business
Financial Results Demonstrate Strong Execution and Resilience of the Combined Business Adjusted pro forma financials 1Q 2022 1Q 2021 Change Revenue $3,072 $3,022 +1.7% Operating profit $1,388 $1,470 (6%) Operating profit margin 45.2% 48.6% (340 bps) Trailing twelve-month adjusted 47.0% 47.6% (60 bps
Slide 20: Enhanced Shareholder Returns
Enhanced Shareholder Returns Repurchase $12 10.4% increase in Return >85% FCF1 billion of S&P Global the regular quarterly common stock cash dividend. Company expects to generate free cash flow in excess of $5B in 2023 1 Target of 85% of FCF includes both dividends and share repurchases 20
Slide 21: We are committed to sustainability.
We are committed to sustainability. 21
Slide 22: Advancing ESG Issues at S&P Global
Advancing ESG Issues at S&P Global Increased our environmental Established a $2 billion senior unsecured Reduced our gender transparency and disclosures revolving credit facility tied to our representation gap Science-Based Target goals and issued $1.25 billion sustainability-linked notes S&P Global
Slide 23: People around the world are dealing with challenging events and a changing risk landscape.
People around the world are dealing with challenging events and a changing risk landscape. 23
Slide 24: We're confident in the future of S&P Global.
We’re confident in the future of S&P Global. 24
Slide 25: Tasha Matharu
Tasha Matharu Chief Corporate Counsel & Corporate Secretary 25
Slide 26: Richard E. Thornburgh
Richard E. Thornburgh Chairman 26
Slide 27: Board of Directors
Board of Directors Richard E. Thornburgh Marco Alverà Jacques Esculier Gay Huey Evans William D. Green Non-Executive Chairman of the Board Former Chief Executive Officer Former Chairman & CEO Chairman Former CEO and Chairman S&P Global Inc. Snam S.p.A. WABCO Holdings Inc. London Metal Exchange Accen
Slide 28: Business of the Annual Shareholders Meeting
Business of the Annual Shareholders Meeting Elect 14 directors Approve, on an Ratify the selection Consider any other advisory basis, the of Ernst & Young LLP business matters executive compensation as our independent program for the auditor for 2022 Company’s named executive officers 28
Slide 29: Doug Peterson
Doug Peterson President and CEO 29
Slide 30: Q&A
Q&A 30
Slide 31: Annual Shareholders Meeting 2022
Annual Shareholders Meeting 2022 Richard E. Thornburgh Internet replay available for one year Chairman Go to http://investor.spglobal.com/Investor-Presentations Doug Peterson President and CEO Tasha Matharu Chief Corporate Counsel & Corporate Secretary 31