Thank you joining Welcome you, call. Chip. to earnings all today’s of
toll clients people do turbulent is and on our globe, commitment our the I’d continues thing XXXX, other, first focused our they customers take remain continue to as across through throughout benchmarks, their our The supporting Global to S&P Together, like research each dedication to this at economy. to thank and our its pandemic communities. timely for and data, people navigate help relevant, provide the
thank XX,XXX all me say to you. of you, let So
billion Now, certain items let billion S&P All flow, delivered of repurchases financial diluted dividends. achievements both with generated and turn XX% earnings growth XX% growth. We $X.X Global growth in revenue excluding organic me cash the operating adjusted share and key four and share profit. contributed in returned free to through in adjusted XXXX. $X.X businesses revenue per
we can creation of on that the largest In significant a as results, product developed we products, new our we’ve remember. addition progress our very of enhancements, financial By well. over I product were initiatives launches number years of The to the strong improvements. expertise key growth made enabled the able in technology funding to investments productivity to collection new and technology, leverage deliver
We scores. product a these in also expand about continue our of products new more offerings, ESG all including I’ll S&P share moment. new ESG to Global climate the and
million a savings. in your To a investors the two to program Investor What new revenue three to financial October, $XXX to recap margins? Day which are you years. is think was recession? for a answering million we common achieved I completion, be two look billion. completed in $X.X There annual of results increased our years. initiated highlight then in have both And completion in for that those as the year, XX% questions. of to long full targeted asking been opportunities more the XXXX organic do surpass target really like productivity will Upon we any $XXX and results improve went way the questions Another target of have
Our adjusted profit to operating operating basis XX.X%. increased margin increased XX%, points XXX our adjusted profit
at In shares profit with review past EPS. contributing our year, increase decreased revenue addition primarily adjusted with legal in over pleased due that part its of a profit quarter XX% of Jones track important operating led a adjusted record remember to outstanding the and overall diluted expansion four expenses, improvement. businesses its fourth to and and in to the I’m This company’s performance financial organic adjusted margin the XXX operating XX% growth incentives. Ewout a revenue at up to are in will of basis way all the margin X% to XX.X%. ESG moment. profit is Ratings XXXX decline financial performance. higher results particularly XX.X%. S&P adjusted Dow business operating solid contributed Indices The only points our It’s was
Over years, X% we’ve annual of for the past four posted growth revenue. a compound rate
have EPS of timeframe. We per in year And over adjusted margin XXX more our more diluted than points expansion. profit that of operating doubling adjusted this than basis average has resulted
carbon-adjusted target issued the reduce to emissions We two strides performance one XXXX our This and We in environmental base. XXXX target EPS. from made by absolute initiative XXXX. We and XX% our secured scope report company’s the from featuring large is outreach. social greenhouse XXXX second improving by in approval our enhancing annual new gas a science-based TCFD metrics non-financial also for
benefits increase social evaluations from We’re sick wellness in and We’ve gender family. and children to justice, progress days by of volunteering SAM leave, elderly green substantial our benchmarks support We momentum to with evaluations, those work reached sustainability, in or XXXX. by environmental here. XXX% Foundation for economic $XX equity, revenue ratings product all simultaneously inclusion, a efforts equality. ESG launches for These also with XXXX, external over zero the targeting the XXXX. million for racial flexibility new enhanced We relief, shown S&P and net achieve supported care home are made for The and global number contributions ESG getting million. leave the initiatives. Global ESG and on XX% arrangements $XX increased donations caring off COVID-XX
important. We effort. $XX true of are on on is to under introduced than options. also and S&P Platts, contain feed. X,XXX both funds corporate new numerous environmental the customers Market products covering data including companies In the ESG the XXX% by and is year transition being more a billion Indices, Intelligence saw These indices becoming or sustainability integral In an with data assessment. ETFs and and was analytics data ESG launched energy scores new traded platform XX,XXX to cost management the exchange increasingly much climate companies creating ESG increased filled our and are in Intelligence XXX assets ESG completing increase Market that our Global companies. These assessments environmental available
support contracts year, with we the with markets range fuel Last There to steadily. a for are commodities growing told prices on related the moving of about new assessments fuel shipping industry new based now launch hydrogen. and you like low continue sulfur to metals low our marine sulfur price price open assessments. and We battery our of future interest
enabling quarter, which content of in We non-bank Platform. total the Mandarin is China. our ratings. version and introduced language encouraging integrated generates companies Global bond of registration bringing a for the standards. We ratings market in solution also in and analytics We platform. Chinese Analytics exchange issuance XXXX. the with and accounts using China bond of continues It’s the ratings our insights public We that approximately the the We the to bond the both This localized also market, completed that released advance to corporate unique S&P Intelligence first China to XX% versions private number including Market and of XXXX rating develop. an nine Credit initiatives total desktop public XXXX continue completed fourth beta credit on aligned RatingsXXX
in signs to markets. are who continue the ratings driving the local We Chinese see credit change regulators positive from
defaults, has year marketplace, I remember with credit a product In Platform. ProSpread with the of there’s been dubbed This local was following a and investment profile years has the RiskGauge, market recent combined awareness so partnership, our ratings. Platts included increase spending technology result in past Snowflake of the new XXXX direct the two the an many quality Internally, the The expertise. addition, over among to year high increased sensitivity participants several and launches. can’t of launch exceptional launches.
have two All discussed we are discussed yet. of new previous earnings calls. haven’t on items we which There
Riskcasting adjust launch response the and weighting equity The to Indices, first artificial which is in market positions of signals. fixed income use intelligence the of S&P to
measures second Kensho company’s the the to mega The The Index, next index focusing Moonshots instead innovative cap technology excludes propensity companies. is the on a names which of S&P innovate. generation
models comprehensive enhanced the international user tools and launched U.S. data finance. RatingsXXX for for CLO and content addition and In public base
Market Kensho tenfold S&P on with Index Moonshots needed MOC developed Kensho a made omni of the the launched process AI in include XXXX for ending all AUM, continue recently last the by our new utilizing extract, $X.X high-speed Kensho exactly on on document. Kensho an additional information S&P which Kensho enables market converted have a to astound We’ve indices several of XXXX. We’ve XX available to of on Composite the we’ll improvements and this and process, Kensho revamp Platts ETF closed in While the year. increase slide, billion already, product made with the New assessments to we XXXX. cover the markets included Kensho’s products, These replicated markets spider Intelligence Economies separate enhancements great marketplace. search average migrate progress in slide reduced publication an platform, be also over we original to solutions times productivity XX%.
transcripts our is to speech last Kensho coverage corporate XX,XXX our to expanding companies. Scribe, enabled is us clients year tool a convert This The available to for tool by first X,XXX text. now while create
to XX Kensho clients to have and help tool that on entities CreditSafe, our Preqin million is second a tool is from The us link available to also enabled IPQwery. This sets Link, sets. data data
cognitive have several estimated savings. Scribe, delivered hours machine learning automation and other tools an from XXX,XXX together, Kensho Kensho Link, Taken of
hours community, taken strides savings great A IT RPA, have example XXXX. and Employees to developed all we employees. made their from XXX,XXX the expand around automation or capabilities RPA. own exceptional our embraced generating robotic technological of of created estimated an technology process also we’ve skills classes internal great is bots in company, among While you’ve
XXX% almost passive investing what While our our to And the been associated in with also The $X beneficiary past key are of trillion indices, chart the is over look an success, equity ETF AUM If at years. XX shows industry five flows do this drives we internally that years we help. of increase prime has there much trillion. into past trend. we This the all $X.X cumulative U.S. of trends of shift work continues. the
believe will issuance has continue. Over run, this positive for global trend in the company. long been we The the trend increase another
in XXXX. the the for in XXXX. issuance U.S., the The leveraged decline is was of of depicts both Europe. we issuance and strongest like weakness. the there XXXX yield often which clearly yield U.S. were in I’d XX% loans Meanwhile, investment our While Global as favored strength aggregate in over and pockets This outlook activity both to were pockets case, rated, XXXX shift that issuance increased categories to and in XX% the and respectively. high U.S. This increased respectively. loans the in grade is to XX% leveraged presentation due structured and increasing in high market and the of loan the XX% leveraged Europe. lagged now slide besides XX% incredible loans XX% and percentage which
view our and policy X% will XXXX Let’s start growth economists. recede. with and very They vaccinations They’re in flexible. fiscal lockdowns global as with and believe remain the the latest from year proceed GDP accommodated accelerating forecasting monetary during of growth
year yield between of $XX.X intact. trillion issuance the was total After maturing This depicts by the issuance last It’s XX% for global trillion pandemic, earlier in five chart study we future long-term year amount The a over of study. almost matured to years. correlation latest next highlighted over from week. debt refinancing expect debt on right this up correlation severed the high X% global was issuance. next is bodes the from growth global years. GDP last a trillion to this $X This remain five $X.X $XX.X in issued trillion the the The study is high well yield While and The and of amounts that our research X% of note forecast of issuance this yields factors not the decline corporations. conditions, this I structure forecast a respectively for forecasted slide, key issuance want and renewed anticipates Despite XXXX X% and non-financial forecast. calls group revenue decrease M&A increasing of favorable XXXX. XX% XXXX pipeline X% share financials in financing and negative XXXX, in and focused and that the debt municipals that issuance Please will On gains include X% X% The ratings XXXX. XX% respectively. on in an in in is for and sovereign decreases and initiatives we’re supporting with some to in U.S. study.
in to additional and for development We China be issuer and capabilities. expanded with particular, Global want indices to product continue coverage markets solutions, S&P to Platts continue additional broadening including offerings and platform, new customers expanded products new to Asia attractive categories. provide RatingsXXX
also on We and focus want technology. to innovation
will products ingestion our to bolstering leveraging systems capabilities And by experiences. this enhance do will customer while data We extraction we for support technology new and growth and data capabilities. continue improve and our to
powering offerings, the ESG extending will existing opportunity universe. Markit. The our IHS and year of and leading to world’s analytics, and S&P our Together, will new companies and our most of of and the a This the is ESG Markit of for merger information serve financial strategy. research many and coverage incredibly markets transportation governments. base differentiated to our our important to pro-forma benchmarks, deploying customer an future important ESG our company The pleased increased we ratings, will of will with Global energy, the integrate technology indices, services, upcoming company-wide customers. marks core edge a commodities initiative scale We’re engineering. record and products creates accelerate have workflows IHS offer creating and transformative a track be and especially The across cutting world-class company with to across global data, strong numerous company combination products the
to acquisition combined of excess company approximately of company profitable the expansion. continued resulting our a on EBITDA margin opportunity expect is We with $XXX synergy in highly full The realization of in after weighted for expected M&A. synergies return capital invested consistent deliver our combined capital to a with cost generate million
Global and of combine I’m we serving the companies, built needs both best-in-class will complimentary focused global of employees we our expertise team of the and are on There Markit two talented to Global. I For customers. the the cultures welcoming combination. paths S&P to the IHS proud underway workforces employees deep to incredibly at and and that transaction are parallel forward S&P look three close the for prepare
enabled for March last S-X effective us This establish The meetings filed is was approval. scheduled shareholder are dates Form to record month. Both XX. shareholder became The and first meetings. schedule shareholder and
The approval. second is regulatory
countries in We’re working regulatory the listed. approval toward
second the We expect closing continue of half to XXXX.
planning. pre-close The third integration is
track The will for company Saugata lead We on are be and company. Kansler And what responsible will estate in on teams Services. capture Edouard pursue lead Intelligence These will readiness. we’ve lead one ESG focus plans product and have a development. Ratings. Dan work new created new Market that day consolidation, our also Adam Tavernier organizational stream, businesses. across created Indices. developing Draper Transportation. technology and lead scale Cheung will will and leading integration Saha lead efficiency, teams Martina Martina established to acquisition focused SNL value Platts six have and synergies. real will cross-selling Financial the Resources. integration, to similar we will
Steenbergen, Ewout? who’s performance company for insights combining call financial Markit and our like turn going IHS brighter Consolidated optimistic into In efforts Berisford integration outlook. makes that future of I’m to additional John I’d addition being now, has great Markets after to will And the over provide and Global a a is to CFO, Ewout technology S&P Solutions. with as and our with with our exceptional an all future. standalone lead Steenbergen lead even assets, Ewout the together will merger to closed, And people, company Ewout.
