Full Year 2023 London Stock Exchange Group PLC Earnings Call Transcript

Feb 29, 2024 / 10:00AM GMT
David Schwimmer - London Stock Exchange Group plc - Interim Group Head of Data and Analytics, Group CEO & Executive Director

Good morning, and welcome to our 2023 financial results. It's great to have people here in Paternoster Square, and welcome to those who are joining us online. I'm here with Anna, and we are also joined by Michel-Alain Proch, or MAP as he is widely known, who has joined us this week as our new CFO.

We have had a very good 2023. We delivered at the top end of our growth guidance for the year and have compounded organic growth at 6.5% over the last 3 years. We also accelerated within 2023, exceeding the year with organic growth at 8.5% in Q4. So this is a great setup as we head into 2024.

I'm pleased to say that we've met or exceeded all of our Refinitiv acquisition targets, which Anna will talk you through in a moment. Cash generation was very strong, with all of our profit converted to cash. This means we can invest in growth and our platform and still have significant excess capital to return to investors. You have seen us do this with over GBP 1 billion of

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