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turnover operating profit earnings per share net cash

2. Turnover Operating profit* Earnings per share* Net cash . Key Financials Twelve months to 31 December. * Before exceptionals and amortisation of goodwill.

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turnover operating profit earnings per share net cash

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    2: 2 Turnover Operating profit* Earnings per share* Net cash

    3: 3 Very tough trading CMP Media EBIT down from Ł101m to Ł11m Resilience of PRN & NOPW Market share gains across key businesses Ł110m full year cost reduction over 2000 1,400 staff reduction in 2001 Leveraged for the upturn Strong balance sheet and cash position Ł1.25 billion returned Ł370m goodwill impairment Ł130m of acquisitions 2001 Review

    4: 4 2001 Divisional Trading NOPW: resilient but H2 weakness in UK PRN: lower volumes but increasing revenue per message CMP Media: Market share up to 28% Ad page volumes, market down 35%, CMP down 26% Revenue running at down 40% since September CMP Asia: strong performance, revenue & profit ahead CMP Information: radical restructuring to boost performance

    5: 5 Focus on core professional and business markets Build market share Maximise growth potential through investment in innovation and acquisitions Focus on value

    6: 6 NOP World order book ahead UK recovering from difficult Q3 US continued growth - healthcare PR Newswire Gradual recovery since September, regulatory strong Ł5m invested in evaluation products & European network CMP Media Planning on revenue 40% down on 2000 No recovery yet: managing cost / revenue balance CMP Asia 2002 consolidation, building growth potential CMP Information Cost restructuring leading to recovery 2002 Outlook

    8: Financial Results Twelve months to 31 December

    9: Exceptionals Twelve Months to 31 December

    10: Cashflow Twelve Months to 31 December

    11: Balance Sheet 31 December 2001

    12: Segmental Analysis Twelve months to 31 December

    13: UBM by Geography Twelve months to 31 December 2001

    14: Financial Objectives Net debt capacity around Ł400m Minimum interest cover of 5 times Acquisition financial criteria Cost of capital 8% Generally EPS enhancing first full year Investment targets Exhibitions - break even in year 2 Organic - 2 to 4 year payback

    15: Financial Objectives Margins: specific targets set for each division Cash conversion target of 100% Prudent financial policies FRS 17 (Pensions):implementation planned for 2002 Estimated balance sheet impact cŁ40m FRS 18 (Accounting Policies): implemented 2001 Conservative revenue recognition FRS 19 (Deferred Tax): implementation planned for 2002 Ł5m write up in value

    17: Operational Objectives Improve margins Gain market share Invest in innovation Deliver synergies across the group Re-engineering Shared services New products

    19: Market Research Twelve months to 31 December

    20: 20 Strength in Companies: MRI, ASW (profit level), MMI + SMC Business areas: Healthcare, Financial, Syndicated Pressure on Companies: ASW (topline), NOP Research (UK) Sectors: Technology, Consumer, Automotive, Ad Hoc Trends Strong H1, hard hit Q3, rebound Q4 NOP World Key trends during 2001

    21: 21 Market Research Margins Comparison with NOP World

    22: 22 Smooth integration, are performing well Costs being taken out of RoperASW overlaps Revenue synergies beginning to flow New products Co-ordinated sales programme Acquisitions Roper Starch, Allison-Fisher & Cozint

    24: 24

    25: News Distribution Twelve months to 31 December

    26: 26 Market share over 60% of Fortune 500 US message volume down 14% Underlying growth in disclosure releases US revenue per message up 6% Evaluation products now 16% (13%) of US revenue

    27: 27

    28: 28 Deregulation in London PRN Disclose starts April 2nd PRN in France, Spain and Holland Cyperus ANP EU proposals greater transparency + uniform disclosure standards

    29: 29 Innovations

    31: Professional Media Twelve months to 31 December

    32: 32 CMP Asia CMP Information Very strong year Acquisition of KSS 6 launches planned in 2002 Year of radical restructuring Resilient exhibitions 2002 margin benefit from cost programme

    34: CMP Media Monitoring key indicators

    35: 35 Operating Cost Reductions

    36: 36 United Business Media Strategic Priorities Competitive and effective cost base Market share gains, aiming for leadership Build market research and information revenues Cautiously acquire companies with good strategic fit Invest in innovation build on sector strengths Develop insight and evaluation products

    38: UBM Revenue Type Continuing turnover - twelve months to 31 December

    39: 39

    41: 41

    42: 42 Semiconductor Worldwide Market Three Month Moving Average

    43: 43 CMP Media US Revenues 2000 restated to exclude ALL closures

    44: Investments Ownership % Business Channel 5 35 Free to air T.V. with RTL (65%) ITN 20 National provider of news to ITV SIS 20 Internet / Horse Racing SDN 33 Digital terrestrial television/multiplex Paperloop 38 Pulp & Paper JV Press Association 17 News Service

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