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  "documentTitle": "LSE | Mergers and Acquisitions Presentation Deck | 16 slides",
  "authorId": "lse",
  "authorName": "London Stock Exchange Group",
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  "presentationDate": "2020-12-01 00:00:00",
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      "text": "Note: (1) 2019 pro forma revenue... (2) Revenue excludes recoveries... (3) 2019 adjusted EBITDA margin...",
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      "text": "1.0 – 2.0x target leverage. Maintaining LSEG’s progressive dividend policy.",
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      "text": "Target combined adjusted EBITDA margin of around 50%. Over 30% adjusted EPS accretion. ROIC exceeds investment criteria.",
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      "text": "Targeted annual run-rate revenue synergy benefits in excess of £225 million. Targeted annual run-rate cost synergies in excess of £350m.",
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      "text": "High quality business mix increasing recurring subscription-based revenue from 36% to 70%. Revenue CAGR of 5-7% targeted. Strong geographic diversification.",
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