Experian plc, 2013 Earnings Call, May 09, 2013

Experian plc reported earnings results for the year ended March 31, 2013. For the year, the company reported revenue of USD 4,730 million compared to USD 4,487 million a year ago. Operating profit was USD 1,059 million compared to USD 1,052 million a year ago. Profit before tax was USD 440 million compared to USD 689 million a year ago. Profit after tax for the financial year from continuing operations was USD 288 million compared to USD 724 million a year ago. Profit for the financial year was USD 406 million compared to USD 718 million a year ago. Profit attributable to the owners of the company was USD 367 million compared to USD 655 million a year ago. Diluted earnings per share were 36.4 cents compared to 65.1 cents a year ago. Diluted earnings per share from continuing operations were 24.7 cents compared to 65.7 cents a year ago. Net cash inflow from operating activities was USD 1,437 million compared to USD 1,378 million a year ago. Purchase of property, plant and equipment was USD 115 million compared to USD 84 million a year ago. Purchase of other intangible assets was USD 345 million compared to USD 369 million a year ago. Net debt was USD 2,938 million at March 31, 2013 compared to USD 1,818 million a year ago. Total EBIT margin was 26.6% compared to 26.2% a year ago. Free cash flow was USD 891 million compared to USD 889 million a year ago. Total EBIT from continuing operations was USD 1,253 million against USD 1,175 million a year ago. The company announced a second interim dividend of 24.00 cents per share for the year ended 31 March 2013. This gives a full-year dividend of 34.75 cents per share, up 9%. The second interim dividend will be paid on 19 July 2013 to shareholders on the register at the close of business on 21 June 2013.

FICO and Experian announced that they have agreed to extend their long-standing partnership to provide FICO Scores to the North American banking community. Additionally, Experian has agreed to expand FICO's access to its consumer data for the purposes of developing and marketing new analytics that will meet the changing requirements of businesses in this era of intense competition and heightened regulatory requirements. As part of the new long-term agreement, FICO will be able to license its analytics directly to lenders. Experian will support these FICO direct licenses by agreeing to deliver the FICO score, derived from Experian's data, to mutual clients. FICO's expanded access to Experian's consumer credit data will enable the creation of models for additional predictive power. Furthermore, Experian will make FICO Scores available to consumers through myFICO.com and through third parties.