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  "documentTitle": "LSE | Results Presentation Deck | 55 slides",
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  "authorName": "LSEG",
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  "presentationDate": "2022-03-01 00:00:00",
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      "text": "Note: All variances, except for Adjusted EBITDA Margin variance, are constant currency excluding the impact of the deferred revenue accounting adjustment. All figures and prior year comparative performance are based on pro-forma performance assuming Refinitiv has been part of LSEG for the full-period with financial performance from Borsa Italiana excluded. (1) Adjusted EBITDA Margin is calculated as Adjusted EBITDA / Total Income (excl. recoveries) (2) Cost synergy target for year 1 disclosed in 2020 preliminary results (3) Provisional dividend pending shareholder approval",
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      "text": "Adjusted EBITDA margin 48.2% 190bps",
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      "text": "Adjusted EBITDA £3,283m 8.3%",
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      "text": "Total cost synergies identified £400m vs. £350m original target",
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      "text": "Total dividend 95p 27%",
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      "text": "Leverage Net debt / Adjusted EBITDA 1.9x from 3.3x at Dec-20",
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      "text": "Adjusted EPS 287p 46%",
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      "text": "Total income (excl. recoveries) £6,811m 6.1%",
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