The following is a summary of the London Stock Exchange Group Plc (LDNXF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• The London Stock Exchange Group delivered robust compounded organic growth of 6.5% over the last 3 years, with Q4 growth at 8.5%.

• All profits were converted to cash, facilitating investment in growth and platform development and a significant return of over £1 billion in buybacks to investors.

• The company's total income increased by over 8%, with EBITDA seeing a nearly 9% rise.

• LSEG achieved a margin of 50.3% in 2023, slightly ahead of guidance.

• The company's revenue synergy run rate for 2023 was £158 million, with cost synergy achieving a run rate of £442 million.

• All divisions experienced growth, with Data & Analytics growing 7.3%, Capital Markets growing 6.1%, and Post Trade growing by an impressive 17%.

• The company managed to generate a substantial cash flow with operating cash standing at £3.2 billion and equity free cash flow at £1.8 billion.

Business Progress:

• To accelerate its growth, LSEG plans to improve customer service, reform its sales and account management, and enhance existing products while launching new ones.

• The company is focusing on commercialization of products, comprehensive sales training, and launching new products onto the recently launched e-commerce platform in 2024.

• Significant partnership with Microsoft is advancing ahead of schedule, with revenues expected from it starting in 2025.

• Amidst promising future opportunities, LSEG is focusing on expansion in clearing of derivatives on digital assets and CDS in U.S. market and improving service in FTSE Russell index business.

• Robust feedback has been received for Workspace with increased active desktop time indicating successful adoption. More features are set to roll out in response to customer needs.

• The company announced a proposed return of £1.2 billion to shareholders via share buybacks and another £1 billion share buyback in 2024.

• LSEG is set to continue its efficiency drive across the platform, improving application quality, shifting towards cloud, and investing in a broad range of growth opportunities.

More details: LONDON STOCK EXCHANGE GROUP IR

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