2024 Half-Year Results
Operating Performance,
Expansion &Balance Sheet Strength

24 July 2024

Disclaimer
This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of the Group. Although the Group believes
that the expectations reflected in such forward-looking statements are reasonable, these statements are not guarantees of future performance and are subject to anumber of risks and uncertainties and actual results, performance and events could differ materially from those currently being anticipated, expressed or implied in suchforward-looking statements.

Factors which may cause future outcomes to differ from those foreseen in forward-looking statements include, but are not limited to, those identified in the “Principal Risks
and Uncertainties” section of the Group’s Annual Report.
The forward-looking statements contained in this presentation speak only as of the date of preparation of this presentation and the Group therefore cautions against
placing undue reliance on any forward-looking statements. Nothing in this presentation should be construed as a profit forecast. Except as required by any applicable law

or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in thispresentation to reflect any change in the Group’s expectations or any change in events, conditions or circumstances on which any such statement is based.
This presentation does not constitute or form part of any offer or invitation to purchase any securities of any person nor any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any such securities.

2024 Half-Year Results2International backdrop

Increasing value of live experiences

Increasing R&D investment
Steady global growth

Increasing digitisation

Slowing inflation

Increasing AI usage

Rate cuts
Elections2024 Half-Year Results

3

On-Demand Access
Artificial IntelligenceFirst Party Data

Peer Reviewed ResearchSpecialist Brands
Pay-to-Publish
Audience Development

Specialist
Knowledge

Lead Generation
Advanced Learning
Specialist Market Research

Live
Experiences

Pay-to-Read

Knowledge &information economy

Digital Demand Generation

2024 Half-Year Results

4Championing the Specialist
Serving
growthmarkets

$73bn

$33bn

$20bn

Addressable market
for Knowledge Services

Size of the global exhibitionindustry in 2025

Size of the B2B technology data
and market access market

60+

5.2m 180k 8k+

20m

Marquee andPower brands

OnlinearticlesPermissioned
First Party data

Backlist titles

Frontlist titles

11%

18.8% 27.5% £286m

H1 24 underlying
revenue growth

H1 24 adj. operating
profit growth

H1 24 adjusted
operating margin

Sustainability
leaders

Uniqueagile
cultureLeading
specialist
brandsH1 free cash flow

Strongfinancialfeatures2024 Half-Year Results

52024 Half-Year Highlights
Strong growthReported revenue growth 11.5%; Adjusted operating profit growth 12.9%; Free cash flow growth 27.1%

Higher operating margin
Higher operating margin at 27.5%. On track for continuing margin expansion through 2024

Growing adjusted earnings
Adjusted earnings per share growth 5.8%

Increased 2024 guidance
Results expected to be above top end of guidance. Double-digit underlying revenue growth.
£1bn adjusted operating profit ambition. Free cash flow £740m+

Balance Sheet strength
Operating performance, free cash flow growth and capital allocation discipline reflected in ratings upgrades
2024 Half-Year Results

62024 Operational Highlights
Informa Group…Completion of Capital Recycling ProgramIntelligence divestments funding additions of Tarsus, Winsight, HIMSS and recommended offer for Ascential

Informa Markets…Further Strong Growth
Increasing demand for high quality transaction-led live B2B experiences

Informa Connect…Growth and Expansion
Investment in customer value and event festivalisation across content-led live events

Taylor & Francis…Accelerated Growth
Continuing growth in core business with further momentum from AI partnerships

2024 Half-Year Results

7Creating a leading B2B Growth Accelerator
for the Technology Industry
ms
s tea

Intent Data

bu
sin
e

Competitor Intelligence
Buyer Advicet managers
oduc
, pr

Content Syndicatione / demandormanc
gen
Perf
ma
rk e
te

rs
,

fie

l

Intent &DemandMarket Intelligence & Insight

s
ist
teg
ra
st

Qualified Sales Leads

C-s
uit
e,

ss

d

ke
ar
m

le
, sa
s
r
te

Permissioned,
First-Party
Audience Data

Q2 TechTarget Financials
expected 8 AugustIntelligence& Advisory

Brand &
Content

Preliminary proxystatement filed with SEC
on 27 June

On track forcompletion in Q4
Content Strategy

Di2024 Half-Year Results

git
al

ma

rk e

ters
,

b r a n d m a r k e te r s , c o n t

e

a
nt m

t
rke

er

s

Content Creation
Sponsorship & Display

8

An ambition to double revenues within 5 years…
from $500m to $1bn
Enterprise
IT growth

Growth in industry
vertical tech sectors

International
expansion

New productdevelopment

Attractive inorganic
growth opportunities

Accelerating growth in a
growing sector throughenhanced competitivenessfrom additional scale,reach, products and talent

Expansion of productset into adjacent, techdriven B2B growth
sectors, such as AutoTech,
GameTech, HealthTech,
FinTechand more

Growth in ouraddressable customer
base located outside theU.S., with operations inover 20 countries

Additional scale, reachand talent enables
acceleration of platform
enhancements and new
product launches

Strong balance sheet andcash flows to supportcomplementary additions
over time2024 Half-Year Results

9A brief history of Exhibition time…

The
FrenchIndustrial
Exposition

1844
2024 Half-Year Results

The Great
Exhibition,
Crystal
PalaceInforma1851 ……………………… 1998

Informaacquires IIR
Holdings

2005

Launchof GAP1

2014

Informapresent
day

2024+
10

Building and Buying…
Informa EV/EBITDA multiples*

Market pricing
>10%

17.0x
16.0x 16.0x 16.0x

13.3x
10.9x

10.5x
8.9x

11.0x

10.8x

8.5x

<1%

Hanley Wood
2014

Penton
2016

c11x

YPI
2017

UBM
2018

Tarsus,
Winsight,
HIMSS and
Ascential

Average Multiple
2024 Half-Year Resultsc14x

Average Multiple*Post tax and cost synergies

11

An
evolution…

2024 Half-Year Results

12

…to

experiences

2024 Half-Year Results

13Immersive
activities

Commercial
value

in

experiences

Uniqueexperiences

Physical and emotional
connections / Fun andhigh energy

High value
content

Unmissable, memorable
experiences / FOMO

Cutting edge must-see
speakers / Forums,
discussions,demonstrations,debates

Personal &professional
enrichment

Deep
community
connections

Skills development /Knowledge and discovery/ Accreditation /Connections andrelationships

Extend networks /Forge new connections /Innovation, partnership,collaborationand commerce

Industrydevelopment
and expansion
Showcase innovation andinvestments / Facilitate
future growth andexpansion

2024 Half-Year Results

14World Class
B2B
Brands2024 Half-Year Results

15World Class
B2B
Brands2024 Half-Year Results

16World Class
B2B
Brands2024 Half-Year Results

17World Class

2024 Half-Year Results

B2B

Brands18

Recommended offer
for Ascential plc

Strong Underlying Growth

Recommended Offer for Ascential
568p per share in cash

Headline equity value of c.£1.2bn

c£12m Cost Savings

53% premium to last Closing Price on 22 July

Low Double-Digit EV/EBITDA multiple in 2025
Post synergies, revenue opportunities and tax£10m+ Immediate Revenue Opportunities

Earnings Enhancing
5%+ accretion to adjusted EPS in first full year

Return on Investment

Tax benefits post combination

ROIC in line or ahead of long-term WACC within 3 years

Balance Sheet StrengthYear-end pro-forma leverage expected at top-end of target range

2024 Half-Year Results

Low double-digit post-synergy multiple in 2025

19

Strategic Rationale
1. Nurturing & Growing Major B2B Brands
Addition of Lions and Money20/20 a powerful combination, with Informa’s strong
track record of growing major events a blueprint for further growth and expansion

2. FinTech
Opportunity for Money20/20 to benefit from Informa’s complementary activities
in the sector and its international platform

3. Marketing
Creation of Informa Festivals with Lions as the centrepiece, creating value fromdeveloping other Festival brands and the broader experience-led transformationof B2B portfolio

4. Global Operating Platform
Established global operating platform with capacity and capability to expand theimpact of Money20/20 and Lions, whilst providing efficiencies in technology,
licensing, procurement and other shared operations

5. First Party Data
Access to IIRIS first party data and analytics platform and Informa’s
broader digital expertise2024 Half-Year Results

Informa is in thebusiness of creating,nurturing and growing
world class B2B brands.
Lions and Money20/20
are outstanding
examples of suchbrands. Combined, we
can expand them into
more markets,
accelerate growth andtake advantage of newopportunities
20

Combination Approach: The Discovery Period

Q4 2024

H1 2025

The Discovery Period (6-Months)

Delivering
for customers

Connect &understand

FinTechplanning• Focus on delivering 2024
• Starting 2025 strongly• Build a full picture andunderstanding of today’s
operations• Detailed planning for
combining with Informa’s
FinTech franchise• Confirm areas ofduplication and efficiency• Pursuing immediate
growth opportunities

2024 Half-Year Results

Lions &
Festivals
planning• Establish Informa
Festivals within Informa• Establish Lions as
Festivals centrepiece

Financial
Security• Financial security for
Ascential colleagues
through Discovery
Period21

2021-2024 Capital Recycling Program Complete

Divestments

Reinvestments

Divested Revenuesc£200mAcquired Revenuesc£600mAv. EV/EBITDA multiple

c28x

Av. EV/EBITDA multiple

c11x

Divestment Valuec£2.5bn

Acquisition Valuec£2.4bn£1.85bn+
2024 Half-Year Results

Cash returned to shareholders through dividends and buy backs

22

The Informa Group (inc. TechTarget and Ascential)

B2B Digital Services

B2B Live & On-Demand Events

Academic Markets

Portfolio Growth
Investments

Transaction-led
Live & On Demand B2B EventsContent-led
Live & On-Demand B2B Events

B2B Data &Market Access Platform

Specialist Academic Research,
Advanced Learning & Open Research

300+ Brands

400+ Brands

220+ Specialist B2B Brands

6 publishing imprints

Brand

Category

Equity20+ specialist markets

7 growth markets

c.50m permissioned audience

Pharma, Health & Nutrition,
Aviation, Beauty, Infrastructure& Construction, Luxury

Biotech & Life Sciences, Finance,
Foodservice, Anti-Ageing & Aesthetics,
Lifestyle, Technology, MarketingFirst Party B2B audience data,
Demand Gen & Buyer Intent
platforms

2700+ peer review journals(300+ Open titles)

Norstella

Pharma Intell

6.7%

190k reference titles across

Lloyd’s List

Maritime Intell

20.0%

75+ specialist subjects

Curinos

Financial Intell

56.2%

IIRIS (Proprietary First Party B2B Data Platform)

c.$2.4bn / c.£1.9bn
Revenues

c.$1.4bn / c.£1.2bn
Revenues$0.5bn+ / £0.4bn+
Revenues

c.$0.9bn / c.£0.7bn
Revenues$5bn+/ £4bn+
2024 Half-Year ResultsGroup Revenues

Based on 2025 consensus for Informa, TechTarget and Ascential
Assuming completion of proposed transactions

23

Strong Financial Performance& Effective Capital Management
Gareth Wright, Group Finance Director

2024 Half-Year Results

242024 Half-Year Financial Highlights

Revenue

Underlying Revenue Growth

Adjusted Operating Profit+11.5%+11.0%+12.9%

Year-on-year increase to £1,695m
H1 2023: £1,521m

H1 2023: 31.9%

Year-on-year increase to £467m
H1 2023: £414m

Adjusted Diluted EPS

Dividend Per Share

Free Cash Flow

+5.8%

+10.3%+27.1%

Year-on-year increase to 23.8p
H1 2023: 22.5p

Year-on-year increase to 6.4p
H1 2023: 5.8p

Year-on-year increase to £286m
H1 2023: £225m

2024 Half-Year Results

25

Financial delivery
H1 2024£m
1,695.3

H1 2023£m
1,520.5

Adjusted Operating Profit

466.9

413.5

Adjusted Operating Margin

27.5%

27.2%

Net adjusted finance costs(25.7)

2.8

Adjusted Profit before tax

441.2

416.3

Adjusting items(203.8)(101.7)

Reported Profit before tax

237.4

314.6

Adjusted tax charge(90.5)(79.1)

Effective tax rate

20.5%

19.0%

Adjusted profit

350.7

337.2

Non-controlling interests(27.6)(18.5)

Adjusted EPS (diluted)

23.8p

22.5p

Strong revenue growth• Reported revenue growth 11.5%. Underlying 11.0%

Increasing adjusted operating profit

Revenue• Reported adj. operating profit growth 12.9%. Underlying
18.8%

Increased finance costs• Lower cash deposits and interest income

Higher tax charge• Higher effective tax rate of 20.5%

Increased non-controlling interest• Growth in China joint ventures, Tahaluf and Curinos

Increased adjusted diluted earnings per share• Growth of 5.8%2024 Half-Year Results

26

Strong underlying performance
H1 2024

H1 2023

Reported

Underlying

£m

£m

%

%

Informa Markets

838.3

760.8

10.2

12.9

Informa Markets

Informa Connect

328.3

278.7

17.8

6.5

Informa Tech

227.6

197.6

15.2

15.5

• Continuing strong operating leverage

Taylor & Francis

301.1

283.4

6.2

7.5

1,695.3

1,520.5

11.5

11.0

Informa Connect

Informa Markets

274.8

238.1

15.4

24.5

Informa Connect

67.4

60.7

11.0

6.7

• Consistent growth across events andsubscriptions

Informa Tech

30.3

27.6

9.8

15.6

Taylor & Francis

94.4

87.1

8.4

13.6

Group

466.9

413.5

12.9

18.8

Informa Markets

32.8

31.3

Informa Connect

20.5

21.8

Informa Tech

13.3

14.0

Taylor & Francis

Taylor & Francis

31.4

30.7

Group

27.5

27.2

• AI Data Access Agreement delivers
additional revenue and margin

Key takeaways

RevenueGroup
Adjusted Operating Profit

Operating Margins %2024 Half-Year Results• 150bps margin improvement• Margin reflects incremental Winsightacquisition impact

Informa Tech
• Strong growth in live and on
demand events27

Financial delivery
H1 2024 Revenue Growth (%)

11.5%

Reported growth2024 Half-Year Results

H1 2024 Adjusted Operating Profit Growth (%)

12.9%

Reported growth28

Operating performancedelivering margin expansion
Further improvement to operating margin

Adjusted operating profit margin• Strong underlying revenue growth• Improving operating performance• Annualisation of 2023 portfolio additions• Improving margin despite currency headwind

27.5%Group adjusted operating
profit margin
2024 Half-Year Results

29

Disciplined Capital allocation

Operating Cash Flow Conversion 90%+…2024 Free Cash Flow £740m+
Organic
Investment

Progressive
Dividends

Inorganic
Investment

Share
Buybacks

Consistent Capex at
3-4% of revenue(£100m-£140m p.a.)Interim 2024 up 10.3%(c.£250m cash costp.a.)Targeted portfolio
additions if available

Annual sharebuybacks, flexed withinorganic investment(£1.45bn+ returned
since divestment)

Key takeaways
A balanced, disciplined approach• Investment for growth• Flexible approach• £1.2bn liquidity available

Reflected in recent credit
rating agency upgrades

BBB/Baa2/BBB
Target Leverage of 1.5x to 2.5x Net Debt / EBITDA

2024 Half-Year Results

Fitch/Moodys/S&P Global ratings

30

Free cash flow and leverage
Key takeaways
2024 free cash flow
guidance of £740m+

Portfolio Investments

2024 Half-Year Results

Curinos

Banking Intelligence

56.2%

Norstella

Pharma Intelligence

6.7%

Lloyd’s List

Maritime Intelligence

20.0%Founder’s ForumB2B Events

22.3%

ITN

Production

20.0%

PA MediaSpecialist Media

18.2%

Bologna FiereB2B Events

17.7%

31

Flexible Balance Sheet
Debt maturities at 30 June 2024 (£m)

Key takeaways

1,600.0

Substantial liquidity supported bystrong cash flow

1,400.0
1,200.0• Strong operating cash conversion

1,000.0• No group level financial covenants• Average debt maturity 2.0 years

800.0• Weighted average cost of debt c3.2%
600.0• £1.2bn liquidity available

400.0
200.0
0.0

2024
EMTN

2024 Half-Year Results2025
RCF drawn

2026
Bank

2027

2028

RCF Undrawn

32Market Guidance2024 Half-Year
Results
2024 Market &AGM Update

Pre-Close
Update10 January 2024
Revenue£3,425m to £3,475m
Adjusted
Operating Profit£945m to £965m
2024 Half-Year Results

2023 Full Year
Results

May/June 2024

8 March 2024

Revenue£3,450m to £3,500m
Upper end of range

Revenue£3,450m to £3,500m

24 July 2024

Revenue£3.5bn+Adjusted
Operating Profit£950m to £970m

Adjusted
Operating Profit£950m to £970m
Upper end of range

Adjusted
Operating Profit
Up to £1bn

Free Cash Flow
£720m+

Free Cash Flow
£720m++

Free Cash Flow
£740m+
Current guidance at GBP/USD 1.26
Excluding proposed TechTarget and Ascential transactions

Key takeaways

Increasing market
guidance reflects strong
underlying performances,
good forward visibility andfurther AI development£1bn2024 adjusted operating
profit ambition

33

Operating Performance,
Expansion &Balance Sheet Strength
Stephen A. Carter, Group Chief Executive

2024 Half-Year Results

34

The Informa Group (inc. TechTarget and Ascential)

B2B Digital Services

B2B Live & On-Demand Events

Academic Markets

Portfolio Growth
Investments

Transaction-led
Live & On Demand B2B EventsContent-led
Live & On-Demand B2B Events

B2B Data &Market Access Platform

Specialist Academic Research,
Advanced Learning & Open Research

300+ Brands

400+ Brands

220+ Specialist B2B Brands

6 publishing imprints

Brand

Category

Equity20+ specialist markets

7 growth markets

c.50m permissioned audience

Pharma, Health & Nutrition,
Aviation, Beauty, Infrastructure& Construction, Luxury

Biotech & Life Sciences, Finance,
Foodservice, Anti-Ageing & Aesthetics,
Lifestyle, Technology, MarketingFirst Party B2B audience data,
Demand Gen & Buyer Intent
platforms

2700+ peer review journals(300+ Open titles)

Norstella

Pharma Intell

6.7%

190k reference titles across

Lloyd’s List

Maritime Intell

20.0%

75+ specialist subjects

Curinos

Financial Intell

56.2%

IIRIS (Proprietary First Party B2B Data Platform)

c.$2.4bn / c.£1.9bn
Revenues

c.$1.4bn / c.£1.2bn
Revenues$0.5bn+ / £0.4bn+
Revenues

c.$0.9bn / c.£0.7bn
Revenues$5bn+/ £4bn+
2024 Half-Year ResultsGroup Revenues

Based on 2025 consensus for Informa, TechTarget and Ascential
Assuming completion of proposed transactions

35

Recurring & Specialist Revenues (inc. TechTarget and Ascential)
Specialist Revenue

Recurring Revenue

60%+
Recurring & Predictable
Revenues

Hospitality & Food

Technology

Health & Nutrition

Humanities
Exhibitor

Sponsorship

Healthcare & Pharma

Subscription

Marketing Services

Finance

Infrastructure, Construction &Real Estate
Maritime, Transport &Logistics

AttendeeTransactional Sales

Science, Technical & Medical

Other2024 Half-Year Results

2023 revenue proportions applied to 2024 annualized revenue
Assuming completion of proposed transactions

36

Recurring and Predictable Revenues into 2025

H2 2024
Live and on-demand bookings

2024
Subscription revenue

H1 2025
Live and on-demand visibility

80%+

90%+

65%+

Informa Markets major event bookings for exhibitors

2024 Half-Year Results

Informa Markets Marquee events excluding Fashion and Boat shows37

International Revenues

Americas

IMEA

EuropeASEAN+

Hong Kong

MainlandChina$1.2bn+$440m+$400m+$275m+$125m+

2024 revenue

2024 revenue

2024 revenue

2024 revenue

2024 revenue$325m+

10%+

30%+

15%+

20% +

10%+

H1 events underlying
revenue growth

H1 events underlying
revenue growth

H1 events underlying
revenue growth

H1 events underlying
revenue growth

H1 events underlying
revenue growth2024 Half-Year Results

2024 revenuec5%
H1 events underlying
revenue growth

Event revenue only
ASEAN+ includes other Asia-Pacific countries

38

Major B2B brands in major markets

Marquee Brands

Power Brands$30m+$10m-$30m

CPhI (Pharma)

Farm Progress (Agriculture)

Natural Products (Health & Nutrition)

Bio-Europe (BioTech)Black Hat (CyberSecurity)

TISE (Construction)

SuperReturn (Private Equity)

Vitafoods (Nutraceuticals)

China Beauty/Cosmoprof (Beauty)

Medlab (Medical Technology)

Arab Health (Healthcare)

The Battery Show (Sustainability)18%

H1 underlying revenue growthacross marquee brands

2024 Half-Year Results

Key takeaways

60%+
H1 events revenue frommarquee and power brands

14%

H1 underlying revenue growthacross power brands

39

Syndicating world class brands

PharmaConstruction

Cyber Security

Finance

Healthcare

CPhI

CityscapeBlack Hat

SuperReturn

Healthcare

No of locationsin 20242024 Half-Year Results

8

No of locationsin 2024

4

No of locationsin 2024

4

No of locationsin 2024$470m+
2023 revenue across 5 world class brands

8

No of locationsin 2024

12

40

ESG
Fasterto ZeroMoving faster to become a zero waste and net zero carbon business

AAA

99th

2024 rating

percentile

Faster to Zero

Sustainability Inside• CarbonNeutral® Company certification for 4th
consecutive year. >80% reduction in scope 1+2*
• CarbonNeutral® Publication certification for all T&F
physical books & journals for 3rd consecutive year
• Ongoing pilots with CarbonNeutral® Events• Sustainable Events Fundamentals Programme
embedded across 400+ B2B brands• On track for Science Based Targets: Ongoing reduction
in energy usage and Scope 1,2 & 3 carbon footprintB2023 rating

Impact Multiplier• 85% of events actively embedding sustainability
content into products, increasing revenue &engagement.

• Connecting the Disconnected: 250,000+
disadvantaged people connected through eventsand publishing to date

• 81% of top Taylor & Francis brands meet our criteria
for embedding Sustainability Inside• Estimated $5.2bn of identified value created forhost cities from 64% of total attendance• <25,000 books and journals in SDG online• Estimated £12.0m of value contributed to charities
and community groups in 2023, putting Informa inthe 1% club

• Strongly positive engagement with colleagues andcustomers on sustainability agenda• Launch of industry standard approach to measure
travel consolidation

United Nations
Sustainable
Development Goals

Continuing progress against FasterForward goals and strong recognition in external indices2024 Half-Year Results*excluding 2023 acquisitions such as Tarsus

41

ESG rankings
Max scoreAAA

Negligible

AAA

Negli
gible

A

A+

1-0

100

Key takeaways

th
99

Low
68
B

DJSI industry centile

58
C+

Min
0 scoreCCC
12024 Half-Year Results

Severe
2

D3

D4

0
5

0
6

7

42

The Power & Potential of AI at Informa

Analysingevent
feedback

Facialrecognition
sentiment
analysis

Pricing &peer review
recommendations

Content
recommendations

Customersentiment
analysis

Cash andinvoiceallocation

Services

Content
indexing

Customer
servicechat bot

Current &FutureEnhancedfakedetection

Content
creationContent

AI Activities

Marketingsegmentat
ionLivetranslation

Data deduplication

Transcription
IIRIS user
segmentat
ion

2024 Half-Year Results

Vendormanagement
chat botSupportPersonalised
Recommend
ationsNetworking

Recommendations

Audience
analysisLivetranscription
Matchmaking

43Unlocking innovation and value through AI partnerships$75m+
Investment in Technology, OA and AI• Reinvest up to one third of 2024 AI profit• Further embed AI into workflows• Enhance product functionality

Product innovation• Specialist Expert Agents• Promote discovery, research understanding,research integrity, knowledge creation

Partnership & Data Access Agreements• Copyright protection and author royalties• Non-exclusive access to archive content• Train and refine large language models

2024 Half-Year Results

2024 AI related
revenue in
Taylor & Francis

The Informa Group (inc. TechTarget and Ascential)

B2B Digital Services

B2B Live & On-Demand Events

Academic Markets

Portfolio Growth
Investments

Transaction-led
Live & On Demand B2B EventsContent-led
Live & On-Demand B2B Events

B2B Data &Market Access Platform

Specialist Academic Research,
Advanced Learning & Open Research

300+ Brands

400+ Brands

220+ Specialist B2B Brands

6 publishing imprints

Brand

Category

Equity20+ specialist markets

7 growth markets

c.50m permissioned audience

Pharma, Health & Nutrition,
Aviation, Beauty, Infrastructure& Construction, Luxury

Biotech & Life Sciences, Finance,
Foodservice, Anti-Ageing & Aesthetics,
Lifestyle, Technology, MarketingFirst Party B2B audience data,
Demand Gen & Buyer Intent
platforms

2700+ peer review journals(300+ Open titles)

Norstella

Pharma Intell

6.7%

190k reference titles across

Lloyd’s List

Maritime Intell

20.0%

75+ specialist subjects

Curinos

Financial Intell

56.2%

IIRIS (Proprietary First Party B2B Data Platform)

c.$2.4bn / c.£1.9bn
Revenues

c.$1.4bn / c.£1.2bn
Revenues$0.5bn+ / £0.4bn+
Revenues

c.$0.9bn / c.£0.7bn
Revenues$5bn+/ £4bn+
2024 Half-Year ResultsGroup Revenues

Based on 2025 consensus for Informa, TechTarget and Ascential
Assuming completion of proposed transactions

45

Appendix

2024 Half-Year Results

46

Informa Markets
Informa Markets is our transaction-led live
and on-demand events division. We bringspecialist markets to life, helping businesses
to connect, trade, innovate and grow throughlive experiences and digital services.

Revenueby type

Revenue
by vertical£1,593m £461m

66%

Revenue in 2023

Adj. Op. Profit in 2023

Underlying Revenue
Growth in 2023

c.50%

c.29%

4,500+

Group Revenue in 2023

Operating Margin

Colleagues

Healthcare & Pharma
Health & Nutrition
Infrastructure, Construction & Build.

Revenueby region

Fashion & ApparelMaritime, Transport & Logistics
Exhibitor

2023

2024 Half-Year Results

Marketing Services
Sponsorship

Manufacturing, Machinery & Equip.

2023

Beauty & Aesthetics
Jewellery

North America

2023

Cont. Europe
UK

AttendeeHospitality, Food & Beverage

China (incl. Hong Kong)

Subscriptions

Aviation

Middle East

Unit Sales

Other

Rest of World47

Informa Connect
Informa Connect delivers content-led live
and on-demand events and experiences andspecialist digital content that connect
audiences and help professionals to know
more, do more and be more.

Revenueby type2024 Half-Year Results

£103m

14%

Revenue in 2023

Adj. Op. Profit in 2023

Underlying Revenue
Growth in 2023

c.18%

c.18%

2,100+

Group Revenue in 2023

Operating Margin

Colleagues

Revenue
by vertical

Attendee

2023

£581m

Subscriptions
Sponsorship

Revenueby region

Finance2023

Biotech & Life Sciences
Foodservice

North America

2023

Cont. Europe
UK

Exhibitor

Anti-Ageing & Aesthetics

China (incl. Hong Kong)

Marketing Services

Lifestyle

Middle East

Unit Sales

Other

Rest of World48

Informa Tech
Informa Tech focuses on the technology
industry, providing B2B data and market
access to customers through live and ondemand events, specialist research,specialist media brands, digital demand
generation and buyer intent.

Revenueby type

£397m

£73m

6%

Revenue in 2023

Adj. Op. Profit in 2023

Underlying Revenue
Growth in 2023

c.12%

c.18%

1,600+

Group Revenue in 2023

Operating Margin

Colleagues

Revenue
by vertical

Revenueby region
Enterprise IT

Attendee2023

2024 Half-Year Results

Exhibitor
Subscription

Security

2023

Service Providers
Gaming, Media & Entertainment

North America

2023

Cont. Europe
UK

Sponsorship

AI

China (incl. Hong Kong)

Marketing Services

Components & Devices

Middle East

Unit Sales

Other (incl. Netline and Industry Dive)

Rest of World

49

Taylor & Francis
Taylor & Francis is a leading provider ofacademic research, advanced learning andopen research. We work with knowledge
makers around the world to ensure highquality research has an impact, by being
discovered by the right audience andcontributing to human progress.
Revenueby type

£619m

£218m

3%

Revenue in 2023

Adj. Op. Profit in 2023

Underlying Revenue
Growth in 2023

c.19%

c.35%

2,400+

Group Revenue in 2023

Operating Margin

Colleagues

Revenue
by vertical

Revenueby region

North America

2023

2023

2023

Cont. Europe
UK
China (incl. Hong Kong)

2024 Half-Year Results

Electronic

Humanities & Social Science

Middle East

Print

Science, Technical & Medical

Rest of World

50

Adjusting Items
H1 2024£m

H1 2023£m

Intangible amortisation and impairment

159.8

150.5

Acquisition and integration costs

35.2

39.6

Restructuring and reorganisation costs

4.9

0.3

Fair value (gain) on contingent consideration(15.4)(78.8)

Fair value loss on contingent consideration

19.5

3.0

Foreign exchange loss on swap settlement--

Credit in respect of unallocated cash--

Adjusting items in operating profit

204.0

114.6

Fair value (gain)/loss on investments

(4.3)

(9.4)

(Profit) on disposal of subsidiaries and operations

4.1

(4.3)

-

0.8

203.8

101.7

Finance costs
Adjusting items in profit before tax
2024 Half-Year Results

51Currency Sensitivity
Average Rates
GBP/USD

Closing Rates

H1 2024

H1 2023

H1 2024

H1 2023

1.27

1.23

1.26

1.26

The anticipated impact of a 1 cent movement in the USD to GBP exchange rate in 2024:
Annual revenue£17.9mAnnual adjusted operating profit£7.0m

Annual adjusted earnings per share2024 Half-Year Results

0.4p

52

Sponsored ADR ProgrammeInforma ADRs trade on the US overthe-counter (OTC) market

For any questions relating to Informa ADRs,
please contact BNY Mellon

SymbolIFJPY

Damon Rowan

ISIN

US45672B305

Tel: +44 20 7163 7511

Ratio

1 ADR : 2 ORD

E-mail: damon.rowan@bnymellon.com

Effective date

1st July 2013

Underlying ISINJE00B3WJHK45

Depositary Bank

BNY Mellon

2024 Half-Year Results53Additional Information and Where to Find It
In connection with the proposed transaction (the “proposed transaction”), Toro CombineCo, Inc. (“NewCo”) filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form
S-4 (File No. 333-280529) containing a preliminary proxy statement of TechTarget, Inc. (“TechTarget”) that also constitutes a preliminary prospectus of NewCo (the “Proxy Statement/Prospectus”). The
Proxy Statement/Prospectus is not final and may be amended. A definitive Proxy Statement/Prospectus will be mailed to stockholders of TechTarget. TechTarget and NewCo may also file otherdocuments with the SEC regarding the proposed transaction. This communication is not a substitute for any proxy statement, registration statement or prospectus, or any other document that
TechTarget or NewCo (as applicable) may file with the SEC in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, TECHTARGET INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PRELIMINARY PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL
BE FILED BY TECHTARGET OR NEWCO WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY
BECOME AVAILABLE, BECAUSE THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. TechTarget investors andsecurity holders may obtain free copies of the preliminary Proxy Statement/Prospectus filed on June 27, 2024 and will be able to obtain copies of the definitive Proxy Statement/Prospectus (when it
becomes available), as well as other filings containing important information about TechTarget, NewCo, and other parties to the proposed transaction (including Informa PLC (“Informa”)), without charge
through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by TechTarget will be available free of charge under the tab “Financials” on the “Investor Relations”
page of TechTarget’s internet website at www.investor.techtarget.com or by contacting TechTarget’s Investor Relations Department at investor@techtarget.com

Participants in the Solicitation
TechTarget, NewCo and Informa, and their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies from
TechTarget’s stockholders in connection with the proposed transaction. Information regarding the directors of Informa is contained in Informa’s annual reports and accounts available on Informa’s
website at www.informa.com/investors and in the National Storage Mechanism at data.fca.org.uk/#/nsm/nationalstoragemechanism. Information regarding the directors and executive officers of
TechTarget is contained in TechTarget’s proxy statement for its 2024 annual meeting of stockholders, filed with the SEC on April 17, 2024, and in other documents subsequently filed with the SEC.
Additional information regarding the participants in the proxy solicitations and a description of their direct or indirect interests, by security holdings or otherwise, is included in the preliminary Proxy
Statement/Prospectus filed on June 27, 2024, and will be contained in the definitive Proxy Statement/Prospectus and other relevant materials that are filed or will be filed with the SEC (when they become
available). These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This [Current Report on Form 8-K][press release][communication] is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any
securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior toregistration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
Cautionary Note Regarding Forward-Looking Statements
This [Current Report on Form 8-K][press release][communication] contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 that involve substantial risks and uncertainties. All statements, other than historical facts, are forward-looking statements, including: statements regarding the expected timing andstructure of the proposed transaction; the ability of the parties to complete the proposed transaction considering the various closing conditions; the expected benefits of the proposed transaction, suchas improved operations, enhanced revenues and cash flow, synergies, growth potential, market profile, business plans, expanded portfolio and financial strength; the competitive ability and position of
NewCo following completion of the proposed transaction; legal, economic, and regulatory conditions; and any assumptions underlying any of the foregoing.

2024 Half-Year Results

54Cautionary Note Regarding Forward-Looking Statements (continued)
Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,”“intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “plan,” “could,” “would,” “project,” “predict,” “continue,” “target,” or the negatives of these words orother similar terms or expressions that concern TechTarget’s or NewCo’s expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, andexpectations that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results mayvary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual
results may differ materially from any plans, estimates, or expectations in such forward-looking statements.
Important factors that could cause actual results to differ materially from such plans, estimates, or expectations include, among others: that one or more closing conditions to the proposed transaction,
including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay, or refuse to grant approval for the
consummation of the proposed transaction, may require conditions, limitations, or restrictions in connection with such approvals or that the required approval by the shareholders of TechTarget may not
be obtained; the risk that the proposed transaction may not be completed in the time frame expected by TechTarget, NewCo or Informa, or at all; unexpected costs, charges, or expenses resulting fromthe proposed transaction; uncertainty of the expected financial performance of NewCo following completion of the proposed transaction; failure to realize the anticipated benefits of the proposedtransaction, including as a result of delay in completing the proposed transaction or integrating the relevant portion of the Informa tech digital businesses with the business of TechTarget; the ability of
NewCo to implement its business strategy; difficulties and delays in achieving revenue and cost synergies of NewCo; the occurrence of any event that could give rise to termination of the proposedtransaction; potential litigation in connection with the proposed transaction or other settlements or investigations that may affect the timing or occurrence of the proposed transaction or result insignificant costs of defense, indemnification, and liability; evolving legal, regulatory, and tax regimes; changes in economic, financial, political, and regulatory conditions, in the United States and elsewhere,
and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics, geopolitical uncertainty, and conditions that may result from legislative, regulatory,
trade, and policy changes associated with the current or subsequent U.S. administration; risks related to disruption of management time from ongoing business operations due to the proposedtransaction; certain restrictions during the pendency of the proposed transaction that may impact TechTarget’s ability to pursue certain business opportunities or strategic transactions; TechTarget’s,
NewCo’s and Informa’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risk that any announcements relating to the proposed transaction could
have adverse effects on the market price of TechTarget’s common stock; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of TechTarget to retain
customers and retain and hire key personnel and maintain relationships with customers, suppliers, employees, stockholders, strategic partners and other business relationships and on its operating
results and business generally; market acceptance of TechTarget’s and the relevant portion of the Informa Tech digital businesses’ products and services; the impact of pandemics and future healthepidemics and any related economic downturns, on TechTarget’s business and the markets in which it and its customers operate; changes in economic or regulatory conditions or other trends affecting
the internet, internet advertising and information technology industries; data privacy and artificial intelligence laws, rules, and regulations; the impact of foreign currency exchange rates; certain
macroeconomic factors facing the global economy, including instability in the regional banking sector, disruptions in the capital markets, economic sanctions and economic slowdowns or recessions,rising inflation and interest rate fluctuations on TechTarget’s and the relevant portion of the Informa Tech digital businesses’ results and other matters included in TechTarget’s filings with the SEC,
including in Item 1A of its Annual Report on Form 10-K for the year ended December 31, 2023. These risks, as well as other risks associated with the proposed transaction, are more fully discussed thepreliminary Proxy Statement/Prospectus filed on June 27, 2024, and will be contained in the definitive Proxy Statement/Prospectus and other relevant materials that are filed or will be filed with the SEC(when they become available). While the list of factors presented here and in the preliminary Proxy Statement/Prospectus are, and the list of factors to be presented in definitive Proxy
Statement/Prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant
additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future
performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets
or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication.
Any forward-looking statements speak only as of the date of this communication. None of TechTarget, NewCo or Informa undertakes any obligation to update any forward-looking statements, whether asa result of new information or developments, future events, or otherwise, except as required by law. Neither future distribution of this communication nor the continued availability of this communicationin archive form on TechTarget’s website at www.investor.techtarget.com or Informa’s website at www.informa.com/investors should be deemed to constitute an update or re-affirmation of thesestatements as of any future date.

2024 Half-Year Results

55Thank you

Informa.com