Goldman Sachs Communacopia XVIII Conference - Wolters Kluwer
Goldman Sachs Communacopia XVIII Conference - Wolters Kluwer
Goldman Sachs Communacopia XVIII Conference - Wolters Kluwer
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CFS Revenue<br />
Stable subscription and other non-cyclical<br />
revenue driven by performance of<br />
representation, banking, securities and<br />
insurance products<br />
Corporate & Legal Services underlying<br />
transactions down 16% due to constrained<br />
lending environment and lower corporate<br />
formation activity<br />
Financial Services transactions declined 4%<br />
driven by continued weakness in indirect<br />
lending market – mortgage transaction volumes<br />
improved modestly due to refinancing activity<br />
Subscription<br />
& Other Non-<br />
Cyclical<br />
62%<br />
CLS<br />
transactions<br />
25%<br />
Other<br />
FS<br />
transactions<br />
10%<br />
Electronic as a % of<br />
Total Revenue<br />
52%<br />
Revenues: Six months ended June 30 th<br />
(€ millions) 2009 2008 ∆ ∆ CC ∆ OG<br />
Subscription & other<br />
non-cyclical 160 140 15% 0% 0%<br />
CLS transactions 64 66 (3%) (16%) (16%)<br />
FS transactions 28 25 10% (4%) (4%)<br />
Other cyclical 7 5 38% 20% 20%<br />
Reported revenues 259 236 10% (4%) (4%)<br />
∆ - % Change; ∆ CC - % Change constant currency (EUR/USD 1.47); ∆ OG – Organic growth %<br />
Product Type<br />
cyclical<br />
3% 2008 HY 2009 HY<br />
Media Format<br />
53%<br />
Services<br />
Print<br />
Online<br />
<strong>Goldman</strong> <strong>Sachs</strong><br />
<strong>Communacopia</strong> <strong>XVIII</strong> <strong>Conference</strong> September 17, 2009 – New York 38<br />
41%<br />
6%<br />
33%<br />
Software<br />
20%
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