Fact Book 2012

7/29/2019 Fact Book 2012

1/76

FACT BOOK2012

7/29/2019 Fact Book 2012

2/76

Thms Reuters Fact Book 2012

W ar th lading sorc o intlligntinormation or th worlds bsinsss andprossionals, proiding cstomrs withcomptiti adantag. Intllignt inormationis a snthsis o hman intllignc, indstrxprtis and innoati tchnolog that

proids dcision-makrs with th knowldgto act, nabling thm to mak bttr dcisionsastr. Throgh approximatl 60,000mplos across mor than 100 contris, wdlir this ssntial insight to or cstomrs inth nancial and risk, lgal, tax and acconting,intllctal proprt and scinc and mdia

markts, powrd b th worlds most trstdnws organization.

Quick Facts:

400,000Thomson Rtrs nancial bsinss

srs mor than 40,000 cstomrs

and 400,000 nd srs across

th world.

80%Thomson Rtrs lgal rsarchis sd b mor than 80%

o Fortn 500 companis.

100%All o th top 100 CPA rms s or

fagship tax and acconting knowldg

soltion, Thomson Rtrs Chckpoint.

20 MillionOr Intllctal Proprt & Scinc

prodcts and srics ar sd

b mor than 20 million indiidals

arond th world.

1 MillionW writ mor than on million markt-

moing nws storis a ar.

7/29/2019 Fact Book 2012

3/76

Thms Reuters Fact Book 2012 1

Th 2012 Fact Bookis intndd to proid a broad-basd inormation st to instors,

and also to sr as a dtaild rrnc gid to or sharholdrs.

This act book proids an introdction to Thomson Rtrs, rom or orarching

stratg to instmnt highlights. It proids smmar and dtaild inormation

rgarding th compans oprating sgmnts and nancial mtrics.

Business Overview Pages 2 12

Thomson Rtrs Strctr 3

Balancd Portolio o Bsinsss 4

Snior Managmnt 6Thomson Rtrs Prioritis 7

Global Growth & Oprations 8

Acisitions and Distitrs 10

Tchnolog 12

Historical Financial Inormation Pages 13 17

Investment Highlights Pages 18 24

Instmnt Highlights 19

Shar Pric Prormanc 20

Rtrning Cash to Sharholdrs 21

Capital Strctr 22

Dbt 23

Business Units Pages 25 60

Financial & Risk 26

Lgal 43

Tax & Acconting 49

Intllctal Proprt (IP) & Scinc 54

Rtrs Nws 59

Mdia 60

Corporate Inormation Pages 61 64Board o Dirctors 62

Trst Principls and Fondrs Shar Compan 63

Contact Inormation 64

Appendix Pages 65 73

Rconciliations 66

Calclation o Rtrn on Instd Capital 72

Spcial Not 73

7/29/2019 Fact Book 2012

4/76

BuSINeSS OveRvIeW

2Thms Reuters Fact Book 2012

7/29/2019 Fact Book 2012

5/76

THOMSON ReuTeRS STRuCTuRe

W proid intllignt inormation to th worlds bsinsss and prossionals, sring or

primar cstomr grops. W ha a lading markt position, with wll rcognizd and

rspctd brands in ach o or principal markts.

Thomson Reuters

$12.7 billion 2011 rns

26.4% adjstd eBITDA margin

19.9% ndrling oprating prot margin

Financial& Risk

Tax &AccountingLegal

IP &Science


27.0% eBITDA margin19.1% oprating prot margin

Trading

Investors

Marketplaces

Governance, Risk& Compliance (GRC)



Knowledge Solutions

Corporate

Indirect,Property & Trust

Proessional

Government



Small Law Firms

Large Law Firms

General Counsels

Government

$852 million 2011 rns


IntellectualProperty Solutions

Scientic & ScholarlyResearch

Lie Sciences

Global Growth & Operations

Reuters News / Media

Thms Reuters Fact Book 2012 3Thomson Reuters StructureBusess overvew

7/29/2019 Fact Book 2012

6/76

Corporate, Government& Academic

U.S. Law Firm Solutions

Global LegalBusinesses

INTELLECTUAL

PROPERTY

& SCIENCE

TAX & ACCOUNTING

Media

GRCMARKETPLACES

Enterprise Content

Corporate

Investment Banking

Wealth Management

Investment Management

Communications& Omgeo

Commodities& Energy

Foreign Exchange (FX)

Fixed Income

Equities, Derivatives& Options

Data Feeds& Platform

LEGAL

25%FINANCIAL & RISK

57%

TRADING

INVESTORS

9%

1%

3%

8%

7%

5%

6%

14%

7%

6%

5%

4%

3%

3%

6%

5%

4%

2%2%

$12.7billion 2011 revenues1

1 Rns rom ongoing bsinsss.

BALANCeD PORTFOLIOOF BuSINeSSeS

W bli or portolio o assts is wll dirsid b prodct and cstomr.

This chart illstrats th dirsit o or bsinss.

Thms Reuters Fact Book 2012 4Busess overvew Balanced Portolio o Businesses

7/29/2019 Fact Book 2012

7/76

Approximatl 80% o or portolio grw in 2011 with a signicant prcntag

growing astr than 5%.

Corporate, Government& Academic

U.S. Law Firm Solutions

Global LegalBusinesses

INTELLECTUAL

PROPERTY

& SCIENCE

TAX & ACCOUNTING

Media

GRCMARKETPLACES

LEGAL FINANCIAL & RISK

TRADING

INVESTORS

>5%

Pre-FX Growth

0% to 5%

7/29/2019 Fact Book 2012

8/76

SeNIOR MANAGeMeNT

James C. Smith

Prsidnt and Chi

excti Ocr

Stephen J. Adler

editor-in-Chi,

Rtrs Nws and

excti vic

Prsidnt, Nws

James T. Powell

excti vic

Prsidnt and Chi

Tchnolog Ocr

Stephane Bello

excti vic

Prsidnt and Chi

Financial Ocr

Shanker

Ramamurthy

Prsidnt, Global

Growth &

Oprations

David W. Craig

Prsidnt, Financial& Risk

Deirdre Stanley

excti vicPrsidnt and

Gnral Consl

Christopher

Kibarian

Prsidnt,

Intllctal

Proprt & Scinc

Brian Peccarelli

Prsidnt, Tax

& Acconting

Michael E.

Suchsland

Prsidnt, Lgal

Peter Warwick

excti vic

Prsidnt and

Chi Popl Ocr

As o March 2012

Thms Reuters Fact Book 2012 6Busess overvew Senior Management

7/29/2019 Fact Book 2012

9/76

THOMSON ReuTeRS PRIORITIeS

W ha st or k prioritis or 2012:

Grow our Financial& Risk business

W ha otlind a clar

stratg, pt nw ladrs in

plac, organizd arond

cstomrs and st clar

accontabilitis.

W ar nriching or prodct

piplin to dri sals.

W ar dramaticall improing

cstomr xprinc to achi

signicant impromnt to or

cstomr satisaction ratings.

Invest in highergrowing segmentsand close adjacentmarkets

W ar rning or ocs on

whr to compt and

contining to shit instmnt

toward astr growing

sgmnts and mrging

opportnitis.

On o or astst growthopportnitis lis at th

intrsction o rglation and

nanc. Gin or strong

markt position in nancial

srics and in risk and

complianc, w ha a ni

opportnit to xpand or

position in this growing markt.

Exploit ranchisestrengths

No othr inormation compan

has th bradth o prodct, th

gographic rach and global

cstomr rlationships o

Thomson Rtrs.

W ar working in nw was

across bsinss nits to bildprodcts that mt cstomrs

ni nds throgh

componnts contribtd b

all or nits.

Nws and insight will bcom

an incrasingl important part

o all or fagship prodcts.

Acceleratedevelopmentin ast-growinggeographies

W ha lanchd a nw

Global Growth & Oprations

nit. Jst gtting bttr in or

cor markts will not b

scint i th majorit o

global growth happns

lswhr.

W spnt two-thirds o or

acisition dollars in 2011

otsid North Amrica, and

or strctr and talnt ar

organizd to spport or

global stratg.

1 2 3 4

Thms Reuters Fact Book 2012 7Thomson Reuters PrioritiesBusess overvew

7/29/2019 Fact Book 2012

10/76

GLOBAL GROWTH & OPeRATIONS

Or nw Global Growth & Oprations (GGO) organization works with or Financial & Risk,

Lgal, Tax & Acconting and Intllctal Proprt & Scinc bsinsss to xpand or

prsnc and dlopmnt in contris and rgions whr w bli th gratst growth

opportnitis xist. Gographic aras that GGO is crrntl ocsd on incld Latin

Amrica, China, India, th Middl east, Arica, Rssia and contris comprising th

Commonwalth o Indpndnt Stats (CIS) and Trk.

GGO will acclrat growth in k markts b lraging global capabilitis and

addrssing local markt opportnitis. GGO will capitaliz on growth opportnitis b

haing t on th grond in ths markts and will mak xction astr b ptting s

closr to th local cstomrs in ths markts. Whr w don this in th past, w ha

acclratd growth. Now w will do it at scal.

In 2011, two-thirds o or acisition spnd was otsid o North Amrica to spport or

global growth stratg. Th map blow dpicts th contris whr w acird bsinsss.

Contris whr wacird bsinsss

Top 10 locationsb total nmbro mplos

TOP 10 LOCATIONS By TOTALNuMBeR OF eMPLOyeeS:

eagan, MN, u.S. Hdrabad, India

Bangalor, India Bijing, China

London, u.K. Bangkok, Thailand

Nw york, Ny, u.S. Bnos Airs,Argntina

Manila, Philippins Toronto, Canada

Thms Reuters Fact Book 2012 8Busess overvew Global Growth & Operations

7/29/2019 Fact Book 2012

11/76

Brazil

Paraguay

Uruguay

Argentina

Chile

Lgal and Tax & Acconting Positionin Latin AmricaW bli Latin Amrica is a rgion that has signicant potntial as prossional markts

dlop, and w ha mad sral acisitions or th past 24 months. In 2009, or

Lgal and Tax & Acconting rns wr lss than $35 million; b th nd o 2012 w

xpct rns will xcd $200 million.

Th rlati conomic strngth o Brazil and th rst o Latin Amrica contrasts with th

low conomic growth in th dlopd conomis. Latin Amrica is attracti gin its

larg and growing prossional class, dlopd prossional markts and lowr ll o

spnd pr prossional as compard to u.S. and eropan markts.

In 2010 w acird th largst lgal pblishr in Brazil, Rista Dos Tribnais; and in 2011

w acird on o th lading tax and acconting sotwar proidrs, Mastrsa. W ar in

th procss o intgrating Mastrsas capabilitis into or Global ONeSOuRCe platorm.

BRAZIL

#1 Lgal inormation proidr:Rista Dos Tribnais

#1 Tax & Acconting sotwarproidr or corporations: Mastrsa

Lading lgal sotwar proidr:Tdsco

ARGeNTINA, PARAGuAy& uRuGuAy

#1 Lgal inormation proidr:La L and Abldo Prrot

#1 Tax & Acconting sotwarproidr: Sistmas Bjrman

CHILe

#1 Lgal inormation proidr:Lgal Pblishing Grop, PntoLx

Thms Reuters Fact Book 2012 9Global Growth & OperationsBusess overvew

7/29/2019 Fact Book 2012

12/76

Quick Facts

39W compltd 39 acisitions in 2011.

$1.3 BillionTh total cash considration or or 2011

acisitions was approximatl $1.3 billion,nt o cash acird.BuSINeSS uNIT ACquISITION COuNTRy DeSCRIPTION

Tax & Acconting Manatron u.S. Proidr o proprttax atomation andland rgistr sotwaror gornmnts andmnicipalitis

Tax & Acconting Mastrsa Brazil Proidr o tax andacconting sotwar

Gornanc, Risk &Complianc

World-Chck u.K. Proidr o nancialcrim and corrptionprntion inormation

Financial & Risk Rart CapitalMarkts

u.S. Rgistrdbrokr-dalr

ACquISITIONS

Acisitions ha alwas plad a k rol in or corporat stratg. Or acisitions

ar gnrall tactical in natr and primaril rlat to th prchas o inormation,

prodcts or srics that w intgrat into or oprations to broadn th rang o or

orings in ordr to bttr sr or cstomrs, to ntr adjacnt markts and to

xpand or global prsnc.

Acquisitions in 2011 that were greater than $50 million in purchase price

Thms Reuters Fact Book 2012 10Busess overvew Acquisitions & Divestitures

7/29/2019 Fact Book 2012

13/76

W rcntl ntrd into a dniti agrmnt to sll or Halthcar bsinss or

$1.25 billion. W xpct to s th procds rom th sal or tactical acisitions and

instmnts in xisting prodcts and srics. W ma also s som o th procds

to rprchas shars o or compan. In Fbrar 2012 w annoncd or intntion to

sll or Proprt Tax Srics bsinss, a proidr o proprt tax otsorcing and

complianc srics in th u.S. and sral othr smallr bsinsss that collctil

had approximatl $170 million o rns in 2011.

BuSINeSS uNIT DIveSTITuRe COuNTRy DeSCRIPTION

Lgal BARBRI u.S. Proidr o barxam prparatorworkshops, corss,sotwar, lctrs andothr tools

Lgal, Tax &Acconting

Scandinaian lgal,tax and accontingbsinss

Dnmark

Swdn

Proidr o lgal andrglator prodctsand srics inDnmark and Swdn

Financial & Risk Trad and RiskManagmnt 1

u.K. Proidr o riskmanagmnt

soltions to nancialinstittions, incldingbanks, brokr-dalrsand hdg nds

DIveSTITuReS

As part o or contining stratg to optimiz or portolio o bsinsss and to nsr

that w ar insting in th parts o or bsinss that or th gratst opportnitis to

achi highr growth and rtrns, w ha distd sral bsinsss.

Divestitures in 2011 that were greater than $50 million

1 This transaction closd in Janar 2012.

Quick Facts

$415 MillionTh total procds rom 2011 disposals was

$415 million, nt o taxs paid.

$1.25 BillionW ntrd into a dniti agrmnt tosll or Halthcar bsinss or $1.25 billion.

Thms Reuters Fact Book 2012 11Acquisitions & DivestituresBusess overvew

7/29/2019 Fact Book 2012

14/76

TeCHNOLOGy

Tchnolog plas a ital rol in spporting protabl growth across Thomson Rtrs. W

ar lraging procsss and platorms to dlir gratr oprational cinc across th

bsinss, nabling a shit in spnd rom maintnanc to cstomr-cntric innoation,

rsarch and prodct dlopmnt.

Or world is incrasingl mobil and so ar or cstomrs. W proid th sr intracs

th want on th mobil dics th s. For xampl, th Proviw Radr application

or th iPad is a rst-o-its-kind platorm or th dlir and s o spcializd Thomson

Rtrs contnt and tools anwhr, antim.

W ar also improing analtical capabilitis across or prodcts. Common analticsplatorms (across dsktops and mobil) ar proiding dpr insights into how or

cstomrs s or prodcts, which in trn inorms or prodct dlopmnt and

impromnt stratgis. Additionall, th s o analtics on cstomr sarch bhaior

hlps s rtri th answr to thir stion n i that docmnt dos not contain

thir r words, and is in s within prodcts sch as WstlawNxt.

Insting in innoati prodcts and tchnolog nabls th dlir o xprt-nrichd

contnt and adancd sarch tchnolog to cstomrs. R&D dro orts to dlir

sotwar that scans contnt and prdicts tags and topics to nrich th mtadata in

ditorial contnt.

Intgrating or knowldg assts rom a mltitd o databass ors s a signicant

comptiti adantag. Contnt Marktplac conncts ths othrwis disparat assts

togthr in a samlss, introprabl wa so th can b accssd b bsinss nits acrossth compan. Th rslt: nw combinations o contnt that crat high al soltions or

Thomson Rtrs clints. earl wins incld CLeAR enhancd D Dilignc, which

proids compan inormation combind with popl inormation, and Companion, which

nabls clints to accss rlant Thomson Rtrs data as th sr th wb.

B bilding a stratgic inrastrctr and architctr that aligns closl to programs and

bsinss goals, as wll as ling agil innoation basd on cstomr nds, Tchnolog

proids both th ondation and springboard or protabl growth across th compan.

Thms Reuters Fact Book 2012 12Busess overvew Technology

7/29/2019 Fact Book 2012

15/76

HISTORICAL FINANCIALINFORMATION


7/29/2019 Fact Book 2012

16/76

HISTORICAL FINANCIAL INFORMATION

2011 Revenue Highlights4

Recurring

Nonrecurring

14%

86%

Americas

EMEA

Asia

12%

31%

57%

Electronic, Software & Services

Print

10%

90%

Revenues by Type

W drid 86% o or rns romsbscriptions and othr similar contractalarrangmnts, which ar gnrall rcrringin natr.

Revenues by Region

43% o or rns wr gnratd b oroprations otsid o th Amricas.

Revenues by Media

90% o or inormation was dlirdlctronicall, sotwar and srics.

1 Ths and othr non-IFRS nancial masrs ar dnd and rconcild to th most dirctl comparabl IFRS masrs in th tabls appndd to this act book.

2 Thr is no comparabl IFRS masr or pro orma rslts. D to th signicant impact o th Rtrs acisition on Thomson Rtrs rslts, rns rom ongoingbsinsss, adjstd eBITDA and ndrling oprating prot or 2007 and 2008 ar proidd on a pro orma basis. Pro orma rslts prsnt th hpothtical prormanco th Thomson Rtrs bsinss as i Rtrs had bn part o Thomson or all o 2007 and 2008.

3 2007 grs ar historicall rportd Thomson rslts.

4 Rns rom ongoing bsinsss, which rfct rns rom rportabl sgmnts and Corporat and Othr (which inclds th Mdia bsinss) as o March 2012and xcld th rslts o bsinsss that ha bn or ar xpctd to b xitd.

Twl Months endd Dcmbr 31,

Canadian GAAP IFRS

(u.S.$ millions, xcpt pr shar amonts) 2007 2Pro Forma

2008 2 2009 2010 2011

Rns rom ongoing bsinsss $11,384 $12,206 $11,843 $11,937 $12,743

Rn growth bor crrnc 3 9% 7% 0% 1% 5%

Organic rn growth 3 6% 6% -1% -1% 2%

Adjstd eBITDA $2,859 $3,016 $2,976 $2,809 $3,368

Adjstd eBITDA margin 25.1% 24.7% 25.1% 23.5% 26.4%

undrling oprating prot $2,095 $2,523 $2,502 $2,317 $2,541

undrling oprating prot margin 18.4% 20.7% 21.1% 19.4% 19.9%

Adjstd arnings pr shar (ePS) 3 $1.69 $1.59 $1.62 $1.53 $1.96

Capital xpnditrs % rns 3 8.3% 8.6% 8.7% 8.8% 7.6%

Fr cash fow $1,066 $1,817 $1,570 $1,563 $1,602

Non-IFRS Financial Measures1

Thms Reuters Fact Book 2012 14Hstrca Faca irmat Overview

7/29/2019 Fact Book 2012

17/76

Key MeTRICS1

Underlying Operating Prot Margin Return on Invested Capital (ROIC)

Canadian GAAP

IFRS

2007 2 2008 2 2009 2010 2011

18.4%

20.7% 21.1%

19.4%19.9%

2007 20 08 2 2009 2010 2011

8.7%

6.9% 6.8%

6.0%

6.9%

Free Cash Flow

(u.S. $ billions)

Adjusted Earnings Per Common Share

(u.S. $)

Revenue Growth Beore Currency

2007 2008 2009 2010 2011

1.1

1.8

1.6 1.6 1.6

2007 20 08 2 2009 2010 2011

1.591.69 1.62

1.53

1.96

2007 200 82 2009 2010 2011

7%

9%

0%

1%

5%

1 Ths and othr non-IFRS nancial masrs ar dnd and rconcild to th most dirctl comparabl IFRS masrs in th tabls appndd to this act book.

2 Basd on Pro Forma with Rtrs.

Thms Reuters Fact Book 2012 15Key MetricsHstrca Faca irmat

7/29/2019 Fact Book 2012

18/76

Twl Monthsendd Dcmbr 31, Chang

(u.S.$ millions) 2011 2010 Total Bor Crrnc Organic

Revenues

Trading $3,537 $3,400 4% 0% 0%

Instors 2,472 2,432 2% -1% -1%Marktplacs 1,134 997 14% 11% 4%

Gornanc, Risk & Complianc 154 73 111% 108% 14%

Financial & Risk 7,297 6,902 6% 3% 1%

Lgal 3,221 3,027 6% 5% 2%

Tax & Acconting 1,050 907 16% 15% 6%

Intllctal Proprt & Scinc 852 789 8% 7% 5%

Corporat & Othr (inclds Mdia) 336 324 4% 0% 0%

eliminations (13) (12)

Revenues rom ongoing businesses 12,743 11,937 7% 5% 2%

Othr bsinsss 1,064 1,133

Revenues $13,807 $13,070 6%

Twl Monthsendd Dcmbr 31, Chang Margin

(u.S.$ millions) 2011 2010 2011 2010

Adjusted EBITDA

Financial & Risk $1,972 $1,790 10% 27.0% 25.9%

Lgal 1,210 1,146 6% 37.6% 37.9%

Tax & Acconting 332 284 17% 31.6% 31.3%

Intllctal Proprt & Scinc 296 263 13% 34.7% 33.3%

Corporat & Othr (inclds Mdia) (227) (211)

Intgration programs xpnss (215) (463)

Adjusted EBITDA $3,368 $2,809 20% 26.4% 23.5%

Underlying Operating Prot

Financial & Risk $1,396 $1,270 10% 19.1% 18.4%

Lgal 941 892 5% 29.2% 29.5%

Tax & Acconting 237 203 17% 22.6% 22.4%

Intllctal Proprt & Scinc 237 209 13% 27.8% 26.5%

Corporat & Othr (inclds Mdia) (270) (257)

Underlying operating prot $2,541 $2,317 10% 19.9% 19.4%

SeGMeNT INFORMATION

Thms Reuters Fact Book 2012 16Hstrca Faca irmat Segment Inormation

7/29/2019 Fact Book 2012

19/76

16%

9%

13%

62%

19%

15%

7%

59%

U.S. Dollars

Other

Euro

British Pound Sterling

CuRReNCy PROFILe

Thomson Rtrs has signicant gographic dirsit in rn strams, gnrating

approximatl 38% o rns in crrncis othr than th u.S. dollar. Sbstantial

rns otsid th unitd Stats, copld with a trl global workorc, rslt in

Thomson Rtrs nancial statmnts haing xposr to momnts in orign crrncis

against or rporting crrnc, th u.S. dollar. W mitigat this xposr b ntring

into xchang contracts.

2011 Revenue by Currency1

2011 Operating Expenses by Currency1,2

1 exclds th rslts o disposals.

2 expnss incld all costs applid to th ndrling oprating prot gr.

Thms Reuters Fact Book 2012 17Currency ProleHstrca Faca irmat

7/29/2019 Fact Book 2012

20/76

INveSTMeNT HIGHLIGHTS


7/29/2019 Fact Book 2012

21/76

INveSTMeNT HIGHLIGHTS

Building Shareholder Value

W sk to bild sstainabl sharholdr al b ocsing on organic rn growth

and r cash fow growth. This growth is drin b combining dp and broad indstr

knowldg with strong tchnolog and oprating platorms to addrss global markts with

larg prot pools. undrstanding or cstomrs challngs and opportnitis ips s

to bild tools th s to la th ondation or cint and transparnt markts, cti

naigation o lgal, rglator and tax nironmnts, and innoation and scintic discor.

ATTRACTIve BuSINeSS MODeL

86% o or 2011 rns wr rcrring

Propritar databass and dpl

mbddd workfow tools and soltions

90% o or 2011 rns wr rom

inormation dlird lctronicall and

sotwar & srics

Focs on r cash fow growth

Strong and stabl capital strctr

Diidnds ar a k componnt o

sharholdr rtrn (which w spplmnt

with shar rprchass rom tim to tim)

Or bsinss gnrats strong r cash

fow, and or prdnt approach to capital

managmnt positions s wll or both th

short and long trm

INDuSTRy LeADeRSHIP

#1 or #2 in or markts

Dp and broad indstr knowldg and

xprtis in ach markt sgmnt

essntial prodcts and srics tailord

or prossionals

BALANCeD & DIveRSIFIeD

For distinct cor cstomr grops

Global rn strams and a wid rang

o cstomrs proid balanc and dirsit

Tchnolog and oprating platorms bilt

to addrss th global marktplac

Th dirsit o or rn strams

proid stabilit and spport growth

Or largst singl cstomr accontd or

approximatl 1% o or 2011 rns

Thms Reuters Fact Book 2012 19Building Shareholder Valueivestmet Hghghts

7/29/2019 Fact Book 2012

22/76

SHARe PRICe PeRFORMANCe

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

4/16/08 8/16/08 12/16/08 4/16/09 8/16/09 12/16/09 4/16/10 8/16/10 12/16/10 4/16/11 8/16/11 12/16/11 4/3

TRI: NYSE

TRI: TSX

S&P 500 INDEX

Index Membership:

Dow Jons Titans MdiaSM 30 Indx Rssll Global

Dow Jons Sctor TitansSMComposit Indx Rssll Small Cap Compltnss Indx

Rssll 1000 Rssll Top 200 Indx

Rssll 1000 Financial Srics Indx Rssll Top 200 Growth Indx

Rssll 1000 Growth Indx S&P TSX 60 Indx

Rssll 1000 val Indx S&P TSX Canadian Diidnd AristocratsSM

Rssll 3000 S&P TSX Composit Diidnd IndxRssll 3000 Growth Indx S&P TSX Cappd Consmr Discrtionar Indx

Rssll 3000 val Indx

Average 2011 daily trading volume: TSX: 1.10 million; NYSE: 979,000

Thms Reuters Fact Book 2012 20ivestmet Hghghts Share Price Perormance

7/29/2019 Fact Book 2012

23/76

ReTuRNING CASH TO SHAReHOLDeRS

Common Share Dividend History

Thomson Rtrs and its prdcssor companis ha paid ot diidnds consistntl or

or 30 ars, and w iw diidnds as a critical componnt o total sharholdr rtrn.

W ha incrasd or diidnd or 19 conscti ars. In th rst artr o 2012, w

annoncd a $0.04 incras in or diidnd to $1.28 pr shar annall, which rfcts or

iw o th cash fow gnration capabilitis o th compan. W targt a diidnd paot

ratio o 40% to 50% o annal r cash fow.

Dividend History (u.S. $ pr shar) Payout Ratio (u.S. $ millions)

96 97 98 99 0 0 01 02 03 04 0 5 06 07 08 09 10 11 12

$1.28

$0.56

2007 2008 2009 2010 2011

1,066

1,8171,570

1,563 1,602

57%

33%

58%

57%

60%

Free Cash Flowafter dividends

Dividends1

Payout Ratio

Share Repurchases

Whil or primar mthod to rtrn cash to sharholdrs has bn diidnds, w ha

also tilizd shar bback programs rom tim to tim. W ha a 15 million shar Normal

Cors Issr Bid that was rnwd in Ma 2012. Sinc 2005, w ha rprchasd

approximatl $1.7 billion o stock.

Share Repurchases (u.S. $ millions)

256

412

168

522

0 0

326

2005 2006 2007 2008 2009 2010 2011

1 Diidnds paid on common and ordinar shars ar shown nt o amonts rinstd in or diidnd rinstmnt plan.

Thms Reuters Fact Book 2012 21Returning Cash to Shareholdersivestmet Hghghts

7/29/2019 Fact Book 2012

24/76

CAPITAL STRuCTuRe

Thomson Reuters

CommonShares

DepositaryInterests 1

PreerenceShares

TSXSmbol: TRI NYSESmbol: TRI (Rprsntingcommon shars) TSXSmbol: TRI.PR.B

Dividenddeclarationcurrency

u.S. $ u.S. $ u.S. $ C $

Dividendpaymentcurrency

Dalt u.S. $

Sharholdrs can opt orC $ and GBP withotcharg

Dalt u.S. $

Sharholdrs can opt orC $ and GBP withotcharg

Dalt GBP

DI holdrs can opt or C $and u.S. $ withot charg

DI holdrs ma also optor othr crrncis/xchang or TSX or

NySe listd shars ora

C $

2012 Quarterlydividend rateper share 2

u.S. $0.32 u.S. $0.32 u.S. $0.32 Paid artrl at anannal rat o 70% o thCanadian bank primrat applid to th statdcapital o th shars

Voting rights On ot pr shar On ot pr shar On ot pr DI Non-oting

1 each Dpositar Intrst (DI) rprsnts on common shar, and has th sam conomic and oting rights as a common shar. Comptrshar holds th common shars asnomin on bhal o DI holdrs. DIs ma b sttld in th u.K. throgh CReST.

2 All diidnds ar sbjct to Board approal.

Fll Fngibl

Conrtibl or a

Thms Reuters Fact Book 2012 22Capital Structureivestmet Hghghts

7/29/2019 Fact Book 2012

25/76

DeBT

Debt Maturity Prole as o December 31, 20111 (u.S. $ millions)

2012 2013 2014 2015 2016 2018 2019 2020 2021 2035 2040

Fixed

Floating

Commercial Paper

388

1,000

1,169

123

593 610

1,000

500

731

350

400

500

($ millions)Primar dbtinstrmnts

Driatiinstrmnts

(asst) liabilit

Bank and othr 45

Commrcial papr 390

C$600, 5.20% Nots, d 2014 604 (121)

C$600, 5.70% Nots, d 2015 587 27C$750, 6.00% Nots d 2016 733 (117)

C$750, 4.35% Nots d 2020 731 (13)

uS$250, 5.25% Nots, d 2013 249

uS$750, 5.95% Nots, d 2013 748

uS$800, 5.70% Nots, d 2014 796

uS$1,000, 6.50% Nots, d 2018 990

uS$500, 4.70% Nots d 2019 496

uS$350, 3.95% Nots d 2021 346

uS$400, 5.50% Dbntrs, d 2035 392

uS$500, 5.85% Dbntrs, d 2040 487

Total 7,594 (224)Current portion (434)

Long-term portion 7,160 (224)

Crdit Ratings Moods Standard & Poors DBRS Limitd Fitch

Long-trm dbt Baa1 A- A (low) A-

Trnd/Otlook Stabl Ngati Stabl Stabl

1 vals in dbt matrit prol rfct contractd xchang rat to b paid at matrit (atr swaps) and xclds $45 million o bank and othr borrowings primaril orshort-trm cash managmnt. vals in tabl rfct carring amont rcordd in th consolidatd statmnt o nancial position.

Thms Reuters Fact Book 2012 23Debtivestmet Hghghts

7/29/2019 Fact Book 2012

26/76

Quick Facts:

7/29/2019 Fact Book 2012

27/76

BuSINeSS uNITS


7/29/2019 Fact Book 2012

28/76

FINANCIAL & RISKFinancial & Risk proids soltions that connct th global nancial commnit. W dlir critical

nws, inormation and analtics, nabl transactions and bring togthr commnitis that allow

trading, insting, nancial and corporat prossionals to connct. Financial & Risk also proids

lading rglator and oprational risk managmnt soltions.

W bli that Financial & Risks inormation, spporting tchnolog and inrastrctr hlp or

cstomrs gnrat sprior rtrns, impro risk and complianc managmnt, incras accss to

liidit and crat cint, rliabl inrastrctrs in incrasingl global, lctronic and mlti-asst

class markts.

In 2011, 86% o rns wr drid rom rcrring sorcs, with th rmaindr primaril romtransactions. Financial & Risk cstomrs accss or inormation, analtics and trading commnitis

throgh or dsktop soltions, datads and mobil applications across a wid rang o dics. Lss

than 50% o Financial & Risks rns wr drid rom dsktop prodcts, with th rmaindr rom

sals o datads, transactions and sotwar.

The Faca & Rsk busess ut cssts ur custmer segmets but arud ed users,

ther cmmutes ad ther wrkw.

Thomson Reuters

Trading($3.5 Billion)

Proids inormation, analtics,ral-tim data and tchnologor th trading foor actiitis ocstomrs in orign xchang(FX), xd incom anddriatis, itis and othrxchang-tradd instrmnts,as wll as in th commoditisand nrg markts

Data Feeds & Platorm

Equities, Derivatives & Options

Fixed Income

Foreign Exchange

Commodities & Energy

Investors ($2.5 Billion)

Proids inormation, analtics,workfow and tchnologsoltions that nabl ctiinstmnt dcision-making,dri prormanc and hlp mtrglator rirmnts orcstomrs in instmntmanagmnt, instmntbanking, walth managmnt,

hdg nds and corporations

Investment Management

Wealth Management

Investment Banking

Corporate

Enterprise Content

Marketplaces ($1.1 Billion)

Oprats lctronic tradingns that proid accss toliidit in or-th-contrmarkts, trad xction andconnctions or marktparticipants and commnitis onancial prossionals worldwid

Foreign Exchange

(Dealing/Matching)

Fixed Income (Tradeweb)

Governance,Risk & Compliance($0.2 Billion)

Proids soltions thatconnct or cstomrsstratg, oprations andbsinss transactions to thr-changing rglatornironmnt

Banking & Securities

Insurance

Highly Regulated Industries



2011 Revenues: $7.3 Billion

2011 EBITDA: $2.0 Billion2011 Operating Prot: $1.4 Billion

Financial& Risk

Thms Reuters Fact Book 2012 26Busess Uts Financial & Risk

7/29/2019 Fact Book 2012

29/76

Revenues (u.S. $ millions) EBITDA (u.S. $ millions) Operating Prot (u.S. $ millions)

2007 1 2008 1 2009 2010 2011

7,2956,797 6,976 6,902

7,297

Canadian GAAP

IFRS

2007 1 2008 1 2009 2010 2011

1,9681,662

1,979 1,790 1,972

24.5%27.0% 28.4% 25.9% 27.0%

Canadian GAAP

EBITDA

EBITDA Margin

2007 1 2008 1 2009 2010 2011

1,3511,039

1,394 1,270 1,396

15.3%

18.5% 20.0% 18.4% 19.1%

Canadian GAAP

Operating Profit

Operating Profit Margin


Print

1%

99%

EMEA

Americas

Asia

18%

38%44%

Recurring

Nonrecurring

14%

86%

Revenues by Media Revenues by Region Revenues by Type

1 Pro Forma rslts prsnt th hpothtical prormanc as i Rtrs had bn part o Thomson or all o 2007 and 2008.


7/29/2019 Fact Book 2012

30/76

Trading

Th Trading bsinss srs th nancial commnit b allowing markt participants

to connct, accss rich contnt and trad in a scr nironmnt. Trading proids

cstomrs a combination o th Thomson Rtrs eikon dsktop, th Thomson Rtrs

elktron ntwork, contnt intgration and managmnt tchnolog, contnt ds and

databass and transactions inrastrctr. This combination o soltions spports th

trading actiitis o b-sid and sll-sid cstomrs in orign xchang (FX), xd

incom and driatis, itis and othr xchang-tradd instrmnts, and in th

commoditis and nrg markts.

Revenues (u.S. $ millions) Revenues by Type

2009 2010 2011

3,4983,400

3,537

Recurring

Recoveries

Transactions

Outrights

18%

5%

2%

75%


7/29/2019 Fact Book 2012

31/76

Or soltions nabl rms to cintl obtain ral-tim and non-ral-tim contnt to

mak bsinss trading dcisions and mt rglator rirmnts. Or soltions

nabl srs to dlop and xct trading stratgis ickl, cintl and scrl

and proid a combination o dp, global cross-asst nws and contnt combind with

sophisticatd pr-trad dcision-making, commnication and trad-connctiit tools.

Or Trading bsinss contins to roll ot, nhanc and dlop or fagship inormation

dsktop, Thomson Rtrs eikon. eikon is an nablr o or stratg, a prodct that will

bcom th gold standard in or portolio o prodcts and srics and dirntiat

s rom or comptitors.

W contin to dplo Thomson Rtrs elktron, or high prormanc trading and

data inrastrctr that nabls both or nxt gnration ral-tim ds and

managd sric soltions. To dat, w ha lanchd Thomson Rtrs elktron

hosting acilitis in 11 k nancial cntrs. W also bgan to incorporat Thomson

Rtrs and third-part applications into elktron, sppling an intgratd architctr

to spport r part o th trad liccl. In addition, or elktron Hosting inrastrctr

allows s to dplo spcic clint applications, oring accss to or bradth o markt

data and data managmnt capabilitis in a managd sric nironmnt.

Competition

Tradings inormation prodcts compt with Bloombrg, SnGard, Tlkrs and IDC

as wll as local, rgional and nich comptitors ranging rom Markit and SprDriatis

to qick and Xinha Financ. Tradings ral-tim datads compt with Bloombrg,

S&P and IDC and its markt data dlir orings compt with spcialt tchnolog

proidrs, xchangs sch as NySe eronxt and larg IT ndors sch as IBM.

Quick Facts:

1.5 MillionW distribt approximatl 1.5 million pric

pdats pr scond to th nancial markts.

250W proid ral-tim and historical datarom mor than 250 xchangs and

hndrds o OTC markts and pric

contribtors coring 14 million instrmnts.

2,400Or 2,400 cstomrs s or entrpris

Platorm soltion to manag and distribt

ral-tim data.


7/29/2019 Fact Book 2012

32/76

Inormation about Tradings customers, end users and products

CuSTOMeR eND uSeR PRODuCTS

Sll-sid banks, b-sid trading dsks,cstodians, liidit cntrs and dpositoris,hdg nds, prim brokrs, propritartradrs, intr-dalr brokrs, mltilatraltrading acilitis, cntral banks and ndadministrators

Trading prossionals, salspopl, brokrsand nancial analsts

Thomson Rtrs eikon, Rtrs 3000 Xtra

Markt data and IT prossionals Thomson Rtrs elktron

Thomson Rtrs Ral Tim

Thomson Rtrs entrpris Platorm

Inormation about Tradings products

PRODuCTS DeSCRIPTION

Thomson Rtrs eikon, Rtrs 3000 Xtra Flagship dsktop prodcts proiding pr-trad dcision-making tools, nws, ral-tim pricing,trading connctiit and collaboration tools

Thomson Rtrs elktron High-spd rsilint nancial markts ntwork and managd srics nironmnt

Thomson Rtrs Ral Tim Ral-tim datads rlatd to programmatic and atomatd trading, markt and crdit risk,instrmnt pricing and portolio managmnt and alations

Thomson Rtrs entrpris Platorm Sotwar platorm or intgrating and distribting ral-tim and historical nancial inormation


7/29/2019 Fact Book 2012

33/76

7/29/2019 Fact Book 2012

34/76

Instors

Th Instors bsinss proids or b-sid and o-trading foor cstomrs with

inormation, analtics, workfow and tchnolog soltions. Ths soltions nabl cti

instmnt dcision-making, dri prormanc and hlp mt rglator rirmnts or

or cstomrs in instmnt managmnt, instmnt banking, walth managmnt,

hdg nds and corporations.


2009 2010 2011

2,4322,4592,472

Recurring

Recoveries

Transactions

Outrights

9%

4%

3%

84%


7/29/2019 Fact Book 2012

35/76

Instors cstomrs ha dirct, ral-tim accss to th global contnt sts ndd

to dri intllignt insight in cor aras inclding portolio managmnt, rsarch

dlopmnt and dissmination and global M&A. Thomson Rtrs ni contnt

and analtics capabilitis incld ndamntals, stimats, conomic indicators,

ownrship data, brokr rsarch, dals data, it and xd incom data, lings,

xchang data, tick histor as wll as historical and tim sris data. Or cstomrsalso ha accss to pricing and rrnc data or thir middl and back ocs or trad

matching and sttlmnt, risk managmnt and analsis and portolio alation.

Instors propritar sorcs o contnt incld I/B/e/S, Datastram, Lippr,

StarMin, extl, First Call, IFR and Rtrs Nws. Th Instors dsktop platorm is

Thomson ONe, which w cstomiz to targt th nds o or cstomr grops. W

ha bgn th task o simpliing or prodct orings in Instmnt Managmnt b

consolidating twl lgac dsktop prodcts to or cor dsktop platorms inclding

Datastram Prossional and eikon with Datastram.

To capitaliz on growth opportnitis in Asia and an stablishd cstomr sgmnt in

erop, w addd a rang o markt monitoring and dcision spport tools or walth

managrs to or Thomson Rtrs eikon dsktop. W ha also bgn dploing eikon

or Instmnt Managmnt in erop. W contin to grow or Thomson Rtrsindics bsinss b xpanding both th asst classs and rgions cord, particlarl

in th growing Islamic nanc ara.

Competition

Or Instors bsinss compts with Bloombrg, FactSt, S&P/Capital Iq,

Morningstar, SnGard Data Sstms, Broadridg Financial Soltions, IDC, Tlkrs

and othr companis.

Quick Facts:

5,000Throgh or Financial & Risk inormation and

transactions soltions, Thomson Rtrs

spports mor than 5,000 instmnt

rms and hdg nds worldwid and or

780 global trading partnrs.

2.5 MillionW proid indpndnt, accrat

and timl pricing inormation or

approximatl 2.5 million xd incom,

driatis instrmnts and loans.

2 MillionOr global transactions databas cors

two million nancial markt transactions.


7/29/2019 Fact Book 2012

36/76

PRODuCTS DeSCRIPTION CuSTOMeRS

Thomson ONe

Thomson Rtrs eikon

Intgratd accss to inormation, analticsand tools dlird within workspacsdsignd spcicall or ach targtcstomrs workfow

Portolio managrs, b-sid rsarchanalsts and associats, hdg nd managrs

Instmnt bankrs, sll-sid rsarchanalsts, stratg and rsarch prossionals,consltants, lawrs

Walth managmnt and high nt worthprossionals

Instor rlations ocrs, corporatcommnications prossionals, trasrrsand nanc prossionals, priat itprossionals

Thomson Rtrs Datastram Prossional Sophisticatd conomic rsarch withcross-asst class analtics and ndamntaldata in on intgratd application

Portolio managrs and rsarch analsts,conomists, hdg nd managrs, stratgists

Thomson Rtrs Dals Bsinss Intllignc Analsis and rporting tools or bsinssplanning, inclding prormanc, marktshar and targting

Bsinss managmnt and stratg tamsin instmnt banks

Thomson Rtrs Dal Analtics Tool or pr grop analsis and in-dpthcompan alation or crating and pdatingpitch books

Jnior-ll instmnt bankrs

Lippr Mtal nd inormation, bnchmarking data,prormanc inormation and analsis

Asst managmnt prossionals incldingnd markting, sals, prodct dlopmnt,prormanc masrmnt, nancialintrmdiaris and indiidal instors

Thomson Rtrs DataScop Data dlir platorm or all ThomsonRtrs ni and timl pricing andcross-asst rrnc data

Markt data and IT prossionals innancial instittions

Inormation about Investors products and customers


7/29/2019 Fact Book 2012

37/76

Featured Solution:

THOMSON ReuTeRS DATASTReAMPROFeSSIONAL

Datastram Prossional intgrats top-down macro-conomic rsarch with

bottom-p analsis.

Global nts lik th erozon dbt crisis ha ld to instors placing incrasing

importanc on top-down macro analsis to spport thir instmnt procsss. To hlp

mt this nd, Thomson Rtrs cratd Datastram Prossional. Its a powrl

tool that intgrats conomic rsarch and stratg with cross-asst analsis in

on application.

Datastram Prossional is a nw prodct that combins th worlds largst historical

nancial databas, Datastram, with critical ral-tim markt data, global nws rom

Rtrs and powrl analtical tools all within on soltion. Th sstm proids accss

to Thomson Rtrs ndamntal data, I/B/e/S stimats, StarMin it analtics,

ASSeT4 nironmntal, social rsponsibilit and corporat gornanc contnt and mor.

Datastram Prossional proids instors with th powr to analz and map historical

trnds and rlationships, alidat trading idas, and capitaliz on nw opportnitis.

Th platorms powrl sarch tool proids intllignt sarching, ranking and ltring

across all tim-sris and intitil sggsts links to rlant contnt, allowing th sr

to asil naigat and xplor th rang o data to idnti thir nds, whthr nws,

indics, analtics or macroconomics. It incorporats sophisticatd charting andcorrlation analsis, making it asir to xamin rlationships and trnds btwn assts

at th toch o a btton.

Datastram Prossional can b accssd ia its scr, wb-basd soltion, th iPad,

mobil dics or within Microsot Oc.


7/29/2019 Fact Book 2012

38/76

Marktplacs

Th Marktplacs bsinss oprats lctronic trading ns that proid accss to

liidit in or-th-contr markts, trad xction and connctions or markt

participants and commnitis o nancial prossionals worldwid. Marktplacs also

proids post-trad srics globall, nabling banks, brokrs and lctronic marktplacs

to samlssl connct with thir contrpartis.


2009 2010 2011

997964

1,134

Recurring

Recoveries

Transactions

Outrights

33%

1%

2%

64%


7/29/2019 Fact Book 2012

39/76

Or trading soltions ha spportd th trasr sctor or or thirt ars, hlping

th worldwid orign xchang markts as th dlop. Or workfow soltions

impro or clints cinc and hlp cstomrs mt thir rglator obligations.

W contin to mak nhancmnts to or Daling platorm to nsr that it will mt

nw global rglator rirmnts.

Tradwb is a world ladr in bilding and oprating lctronic xd incom and

driatis marktplacs. Tradwb is ownd b Thomson Rtrs and 10 globalinstmnt banks. On arag, mor than $300 billion trads on th arios platorms

ach da. W bli w ar wll positiond to tak adantag o rglator chang

b oring or-th-contr ns throgh Tradwb.

Competition

On th orign xchang sid, Marktplacs compts with th larg intr-dalr

brokrs, sch as ICAPs eBS platorm, as wll as singl-dalr and mlti-dalr portals.

Tradwbs principal comptitors incld MarktAxss and Bloombrg.

Quick Facts:

18,000Thomson Rtrs Daling is th worlds

lading pr-to-pr conrsational

trading application, with a commnit

o or 18,000 prossionals.

$3 MillionOr $3 million is tradd ach scondor th Tradwb platorm with or

$500 trillion tradd in th last 10 ars.

50Thomson Rtrs Spot Matching conts

1,100 sbscribr banks as cstomrs that

actil trad or 50 crrnc pairs.


7/29/2019 Fact Book 2012

40/76

Average daily FX spot volume

140

160

180

100

80

60

40

20

0

120

Q1 2009 Q1 2012Q4 2011Q3 2011Q2 2011Q1 2011Q4 2010Q3 2010Q2 2010Q1 2010Q4 2009Q3 2009Q2 2009

105

116120

123

140

156

127

136

146152

165

140133

Inormation about Marketplaces customers and end users

CuSTOMeR eND uSeR PRODuCTS

Global liidit proidrs (sll-sid marktmakrs), tir-2 and tir-3 rgional banks,intr-dalr brokrs, hdg nds, b-sidtrading dsks (corporat trasr andasst managrs)

Forign xchang and mon marktparticipants

Thomson Rtrs Daling

Forign xchang tradrs, sals dsks andhdg nds

Thomson Rtrs Matching

Instittional xd incom tradrs Tradwb

Inormation about Marketplaces products

PRODuCTS DeSCRIPTION

Thomson Rtrs Daling Pr-to-pr conrsational trading prodct primaril rlatd to FX and mon markts

Thomson Rtrs Matching elctronic FX trad matching sstm

Tradwb Global lctronic mlti-dalr-to-cstomr marktplac or trading xd-incom, driatiand mon markt prodcts, conncting major instmnt banks with instittional cstomrs

In 2011, Thomson Rtrs arag dail FX spot olms xcdd $150 billion. This rprsnts th arag amont tradd dail on Thomson Rtrs main FX spot tradingsrics Thomson Rtrs Daling, Matching and Rtrs Trading or FX.

U.S.

$Billions


7/29/2019 Fact Book 2012

41/76

Featured Solution:

TRADeWeB

Tradwb has bilt a global ntwork o thosands o th largst banks, asst managrs,

cntral banks, pnsion nds and insranc companis, which tak adantag o th

liidit o mor than 40 dalrs to b and sll gornmnt bonds and othr xd incom

and driati instrmnts. This clint-to-dalr bsinss srs instittions in 22 markts,

across sn crrncis in mor than 50 contris. In th intr-dalr markt, Tradwb

proids a broad rang o oic, lctronic and hbrid platorms to th major global banks.

Dalrwb, th intr-dalr diision o Tradwb, was ormd in 2008. Tradwb also

oprats Tradwb Rtail , a xd incom marktplac targtd at nancial adisors

and thir trading dsks.


7/29/2019 Fact Book 2012

42/76

Gornanc, Risk & Complianc

Throgh its fagship prodct, Thomson Rtrs Accls, or Gornanc, Risk &

Complianc (GRC) bsinss conncts or cstomrs stratg, oprations and bsinss

transactions to th r-changing global rglator nironmnt, allowing cstomrs to

acclrat growth whil managing bsinss risk.


2009 2010 2011

73

55

154

Recurring

Outrights

36%

64%


7/29/2019 Fact Book 2012

43/76

Th cost and brdn o implmnting rglator complianc, rptational risk controls

and oprational risk controls is a critical priorit or man o or nancial clints.

Thomson Rtrs Accls is a comprhnsi sit o soltions that proids inormd

otcoms to highl rglatd indstris (sch as nancial srics) and law rms that

sr ths indstris. W ha intgratd inormation, sotwar and srics to powr

and connct th commnit o GRC practitionrs in th aras o gornanc, transaction

and lgal risk, complianc and rglator risk, and nancial crims and rptational risk.

In 2011, w acird World-Chck, a lading global proidr o nancial crim and

corrption prntion inormation.

W ar now xtnding GRC into th workfow o or nancial cstomrs. W plan to

lanch nw prodcts to xtnd th Chi Complianc Ocr prodct sit to th

trading foor. Thomson Rtrs eikon or Complianc Managmnt will add complianc

atrs to eikons cross-asst markt data, compan inormation and nws. Ths

atrs will allow complianc prossionals to analz a rms trading actiitis to

idnti xction iolations and calclat transaction costs with analtics. Th prodct

will also or th latst pdats on rglator disclosr rirmnts inorming

complianc ocrs o pnding actions rird to maintain complianc.

Inormation about GRCs fagship product

PRODuCT DeSCRIPTION CuSTOMeR

Thomson RtrsAccls

Inormation-basdgornanc, risk andcomplianc prodctsand srics

Corporat complianc, adit,lgal and risk managmntprossionals

Quick Facts:

14,215Thr wr 14,215 rglator annoncmnts

mad worldwid in 2011, a 16% incras

or 2010.

60W sppl cstomrs with rlant, timl,

and actionabl intllignc on approximatl

60 rglator pdats pr da.

18,000Thomson Rtrs Accls srs 18,000

clints arond th glob, inclding rglator

and gornmnt agncis and 49 o th top

50 banks.


7/29/2019 Fact Book 2012

44/76

Featured Solution:

THOMSON ReuTeRS ACCeLuS

Th Thomson Rtrs Accls prodcts ha pron, strong and matr rlationships

with adit, lgal, complianc, nancial and risk prossionals. Ths rlationships, copld

with or ast inormation assts, adancd tchnolog and abilit to connct rlant

inormation strams in a maningl wa, mak Thomson Rtrs Accls prodcts th

natral choic or th dlir o trstd gornanc, risk and complianc soltions.

Thomson Rtrs Accls is th combination o markt-lading prodct orings rom th

hritag bsinsss o Complint, Paisl, Odn, Wsts Capitol Watch, Wstlaw

Complianc Adisor, World-Chck, Wstlaw Bsinss and eDGARlings. Or missionis to or th most comprhnsi sit o gornanc, risk and complianc soltions that

dnamicall connct bsinss stratg, oprations and transactions to th r-changing

rglator nironmnt, mpowring or cstomrs to acclrat growth whil managing

bsinss risk.

We work with rms and their advisors to:

Dnamicall naigat bsinss and

rglator nironmnts

qickl connct nancial goals to

rglator obligations

Bring compliant nancial prodcts to

markt astr than th comptition

Dlir rigoros approachs to

managing th anti-mon landring

and know-or-cstomr procsss

Condct sppl chain d dilignc

ecintl link corporat actiitis to

adit and rporting rirmnts


7/29/2019 Fact Book 2012

45/76

LEGALOr Lgal bsinss is a lading proidr o critical inormation, dcision spport tools,

sotwar and srics to lgal, instigation, bsinss and gornmnt prossionals

arond th world. Or Lgal bsinss ors a broad rang o onlin srics that tiliz

or lctronic databass o lgal, rglator, nws and bsinss inormation. Or Lgal

prodcts and srics incld lgal rsarch soltions, sotwar-basd workfow soltions,

complianc soltions, markting, nanc and oprations sotwar and conslting srics,

and lgal procss otsorcing srics. W hlp to adanc th prodctiit and growth o

law rms o all sizs, balanc risk with commrcial opportnit in corporations, and sr

th pblic intrst in gornmnt agncis.

Eectve Jauary 1, 2012, the lega segmet s rgazed arud ur key custmer segmets

but arud ed users, ther cmmutes ad ther wrkw: Sma law Frms, large law

Frms, Geera Cuses ad Gvermet. Certa busesses rm ur Gverace, Rsk &

Cmpace ut, cudg Cmpet ad Wrd-Check, were traserred t the ewy

rmed Faca & Rsk busess ut.

2011 Revenues: $3.2 Billion2011 EBITDA: $1.2 Billion2011 Operating Prot: $941 Million

Thomson Reuters

Small Law Firms

Proids inormation, dcisionspport tools, sotwar andsrics to small law rms in thunitd Stats

Large Law Firms

Proids inormation, dcisionspport tools, sotwar andsrics to larg law rms in thunitd Stats

General Counsels

Proids gnral consls andcorporat lgal dpartmntswith inormation, sotwarand srics

Government

Proids a broad sit osoltions to th gornmntand law school commnit,rad prntion andinstigati markts

Legal



Thms Reuters Fact Book 2012 43LegalBusess Uts

7/29/2019 Fact Book 2012

46/76

$3.2billion 2011 revenues1

U.S. LAW FIRMS(Westlaw & Print)

-2% GROWTH

GLOBAL13% GROWTH

CORPORATE,

GOVERNMENT& ACADEMIC9% GROWTH

BUSINESS OF LAW17% GROWTH

$1.4B

$0.6B

$0.8B

$0.4B

1 Rslts or ongoing bsinsss, rstatd or disposals and transr o GRC rom Lgal to Financial & Risk.

Approximatl 60% o Lgals rns ar gnratd b bsinss othr than cor u.S. lgal

rsarch, and in 2011 ths rns grw 12%.

Investing in high-growth areas

Bsinss o Law

Risk & Frad

Rapidl Dloping economis (Latin Amrica)

Gnral Consl

Litigation Sotwar

WestlawNext continues to exceed

expectations with 65% converted

rom Westlaw


7/29/2019 Fact Book 2012

47/76


2007 2008 2009 2010 2011

2,9872,840

2,954 3,027

3,221

Canadian GAAP

IFRS

2007 2008 2009 2010 2011

1,1831,093

1,177 1,446 1,210

38.5% 39.6% 39.8% 37.9% 37.6%

Canadian GAAP

EBITDA

EBITDA Margin

2007 2008 2009 2010 2011

950896 946 892 941

31.5% 31.8% 32.0%

29.5% 29.2%

Canadian GAAP

Operating Profit



Print

65%

35%

Americas

EMEA

Asia

88%

8%

4%

Recurring

Nonrecurring

89%

11%



7/29/2019 Fact Book 2012

48/76

Or Small Law Firms and Larg Law Firms bsinsss proid inormation, dcision

spport tools, sotwar and srics to law rms and consmrs in th unitd Stats.

Wstlaw srs as th primar onlin dlir platorm. Wstlaw ors athoritati

contnt, powrl sarch and naigation tools that nabl cstomrs to nd and

shar spcic points o law and sarch or topicall-rlatd commntar. Introdcd in

th unitd Stats in 2010, or nxt-gnration sric, WstlawNxt, dlirsimprod sarch, nhancd collaboration and sprior rsarch cincis to hlp

lgal prossionals proid bttr clint sric. W also proid contr-spcic

srics arond th world sch as, Rista dos Tribnais Onlin, th rst onlin lgal

rsarch sric in Brazil, which w lanchd lss than a ar ago atr complting

or acisition o Brazilian lgal book pblishr editora Rista dos Tribnais.

Th Gnral Consls bsinss proids corporat lgal dpartmnts with inormation,

tools and srics. It combins Wstlaw with th global ladr in lgal procss

otsorcing (Panga3), th lgal prossions most widl sd and highst-ratd

-billing and mattr managmnt platorm (Srngti) and a lgal docmnt rtrial

bsinss (Cortexprss).

Or Gornmnt bsinss proids a broad sit o soltions to th gornmnt lgal

commnit, as wll as rad prntion and instigati markts. CLeAR is anxt gnration instigati tool which has or a dcad o histor in th pblic

rcords markt.

Competition

Lgals primar global comptitors ar Rd elsir (which oprats LxisNxis) and

Woltrs Klwr. Lgal also compts with othr companis that proid lgal and

rglator inormation, inclding Bloombrg (which acird BNA in 2011), as wll as

practic and mattr managmnt sotwar, clint dlopmnt and othr sotwar and

srics proidrs to spport lgal prossionals.

Quick Facts:

500,000Or 500,000 sarchs ar rn ach da

on Wstlaw and WstlawNxt.

5 MillionOr 5 million srs isit FindLaw.comr month.

65%WstlawNxt has bn sold to approximatl

65% o Wstlaws rn bas.


7/29/2019 Fact Book 2012

49/76


WstlawNxt

Wstlaw

Wst Books

Lgal, rglator and compliancinormation-basd prodcts and srics

Lawrs, law stdnts, law librarians andothr lgal prossionals

Wst Lgaledcntr Contining lgal dcation matrialsand sminars

Lawrs and lgal prossionals

Swt & Maxwll (u.K.)

Aranzadi (Spain)

La L (Argntina)

Lawtl (u.K. and e.u.)

Rista dos Tribnais (Brazil)

Carswll (Canada)

Lgal inormation-basd prodctsand srics

Lawrs, law stdnts, law librarians

Corporat lgal prossionals

Gornmnt agncis and tradmarkprossionals

elit 3e

elit entrpris

Sit o intgratd sotwar applications thatassist with bsinss managmnt nctions,inclding nancial and practicmanagmnt, mattr managmnt,

docmnt and mail managmnt,acconting and billing, timkping andrcords managmnt

Prossional srics organizations, lawrs,law rm nanc and tchnolog prossionals

FindLaw Firmsit

Spr Lawrs

Hbbard On

Law rm markting and clint dlopmntsrics inclding a consmr portal withonlin lgal dirctoris, law rm wbsitdlopmnt and sarch ngin optimization,social mdia srics and lawr rating srics

Lawrs, lgal prossionals and consmrs

Hildbrandt Institt Law rm bnchmarking, rsarch andthoght ladrship srics

Lawrs and othr lgal prossionals

Srngti Trackr elctronic billing and mattrmanagmnt sotwar

Corporat consl and law rm prossionals

Panga3 Lgal procss otsorcing srics Corporat and law rm lgal prossionals

CLeAR Instigati pblic rcords rsarch tool Law norcmnt and instigatiprossionals

Inormation about Legals products and customers


7/29/2019 Fact Book 2012

50/76

Featured Solution:

THOMSON ReuTeRS CLeAR

CLeAR enhancd D Dilignc was bilt to addrss th instigati nds o th

corporat d dilignc and corporat scrit markts. CLeAR ors a ni dashboard

that accsss intgratd analtical tools. qick Analsis Flags rapidl classis and

illstrats risks associatd with a prson or bsinss. WbAnaltics simltanosl

sarchs th Wb or onlin prsonal and bsinss rrncs, inclding social ntworks,

blogs and mor. Graphical Displa isalizs connctions btwn popl and bsinsss,

allowing a sr to rsarch associats o a sbjct. Ngati nws accsss nws data,

inclding ltring capabilitis, to ickl s nws rslts with ngati sntimnts.

AddrssMap plots all known addrsss with a sarch sing Googl Maps to iw a ick

gographical rprsntation o a prson or bsinss. Compan Famil Tr graphicall

displas th corporat hirarch o sbsidiaris, diisions, branchs and aliats.

Key Features:

Brings all important inormation

on a prson or bsinss into an

as-to-s dashboard intrac

to ickl s potntial risk

inormation on th sbjct

o intrst

Accsss ni data rom on

rpositor, combining pblic

rcords, global bsinss, nws and

sanction data

Alrts noti o an k inormation

changs on th prson or bsinss

bing instigatd


7/29/2019 Fact Book 2012

51/76

TAX & ACCOUNTINGTh Tax & Acconting bsinss is a lading global proidr o intgratd tax complianc

and acconting inormation, sotwar and srics or prossionals in acconting rms,

corporations, law rms and gornmnt. Tax & Acconting contins to xpand globall

throgh nw prodct introdctions, prodct lin xtnsions or ONeSOuRCe and

Chckpoint and b ntring th gornmnt tax atomation sctor throgh th acisition

o Manatron.

Eectve Jauary 1, 2012, the Tax & Accutg segmet s rgazed arud fve key custmer

segmets but arud ed users, ther cmmutes ad ther wrkw:

2011 Revenues: $1.1 Billion2011 EBITDA: $332 Million2011 Operating Prot: $237 Million

Thomson Reuters

KnowledgeSolutions

Proids inormation andrsarch or tax andacconting prossionalsas wll as continingprossional dcation(CPe) tools

Corporate

Proids dral, stat,local and intrnationaltax complianc, planningand managmntsotwar and sricsto companis arondth world

Indirect, Property& Trust

Proids sotwar ormanaging complianc oindirct, proprt andtrst taxs, as wll as taxinormation rporting

Proessional

Proids a sit o tax,acconting, digitaldocmntation andpractic managmntsotwar and srics toacconting rms

Government

Proids intgratdproprt tax managmntand land rgistr soltionsto gornmnts arondth world

Tax & Accounting



Thms Reuters Fact Book 2012 49Tax & AccountingBusess Uts

7/29/2019 Fact Book 2012

52/76


2007 2008 2009 2010 2011

799

699

837907

1,050

Canadian GAAP

IFRS

2007 2008 2009 2010 2011

250203

260 284332

29.0%31.3% 31.1% 31.3% 31.6%

Canadian GAAP

EBITDA

EBITDA Margin

2007 2008 2009 2010 2011

198166

195 203237

23.7% 24.8% 23.3% 22.4% 22.6%

Canadian GAAP

Operating Profit



Print

91%

9%

Americas

EMEA

Asia

93%

4%3%

Recurring

Nonrecurring

85%

15%



7/29/2019 Fact Book 2012

53/76

Tax & Acconting srs a arit o cstomrs, inclding small and mdim-sizd

acconting and tax rms, mlti-national corporations (MNCs) and th larg global

acconting rms that sr thm.

Or Knowldg Soltions bsinss proids tax and acconting prossionals

inormation, applications, xprt gidanc and workfow tools, as wll as a wid

collction o larning soltions coring an xtnsi arit o acconting and tax

topics. Chckpoint proids inormation-basd soltions, xprt gidanc and

workfow tools on a singl intgratd platorm. Chckpoint Larning proids

tchnolog-basd contining prossional dcation with corss on topics thathlp accontants sta on top o thir ld.

Th Corporat and Indirct, Proprt and Trst bsinsss sr corporat tax

dpartmnts, lawrs and trst prossionals throgh its fagship prodct,

ONeSOuRCe. Th ONeSOuRCe global tax workstation proids nd srs with

th abilit to manag all aspcts o corporat tax workfow.

Or Prossional bsinss proids a sit o tax, acconting, digital docmntation

and practic managmnt sotwar and srics to acconting rms. CS Prossional

Sit srs accontants in small to mdim-sizd acconting rms with th most

tchnologicall adancd sit o prodcts and srics to implmnt compltl

intgratd workfow procsss.

Th Gornmnt bsinss is a lading proidr o sotwar and srics soltions that

allow gornmnt agncis, taxpars and priat instittions to cintl procss,manag and archi inormation. Or fagship soltion, Gornmnt Rn

Managmnt (GRM), nabls th managmnt o proprt, land and rcords in national,

stat and local gornmnts in or 40 u.S. stats and mor than 20 contris.

Competition

Tax & Accontings primar comptitor across th corporat and acconting rm

sgmnts is Woltrs Klwr (which inclds CCH). Othr major comptitors incld

Intit in th prossional sotwar and srics markt and CORPTAX (ownd

b Corporation Srics Compan) and vrtx in th corporat sotwar markt.

Tax & Acconting also compts with othr proidrs o sotwar and srics.

Quick Facts:

45 MillionOr Gornmnt Rn Managmnt

sotwar manags approximatl 45

million land parcls ach da.

94Nint-or o th top 100 law rms,

95 o th Fortn 100 and all o

th top 100 CPA rms s Chckpoint.

6Six o or Tax & Acconting soltions wr

catgor winnrs in th 2012 CPA Practic

Adisors Radrs Choic Awards.


7/29/2019 Fact Book 2012

54/76


Knowledge Solutions

Chckpoint Platorm intgrating inormation,applications, xprt gidanc and workfowtools rom Tax & Acconting brands incldingRIA, WG&L and PPC, as wll as primarsorcs and third-part contnt proidrs

Acconting rms, corporat tax, nancand acconting dpartmnts, law rmsand gornmnts

Chckpoint World Onlin oring combining global rsarch,nws and gidanc on intrnational tax andacconting practics to ctil managcross-bordr transactions

Acconting rms, corporat tax, nanc andacconting dpartmnts o mltinationalcorporations

Chckpoint Larning Onlin platorm or contining prossionaldcation and training, intgrating globalrsarch, corss and crtication with crdit-tracking capabilit or indiidals and rms

Acconting rms, corporat tax, nanc andacconting dpartmnts

Corporate and Indirect, Property & Trust

ONeSOuRCe A global tax workstation that gis corporattax dpartmnts worldwid th abilit to

manag all aspcts o corporat tax workfow,inclding tax planning, tax proision, transrpricing, tax rtrn complianc, tax andinormation rporting, acconts prodctionand orall workfow managmnt

Corporat, lgal, bank and trst markt andlarg acconting rms

Proessional

CS Prossional Sit Intgratd sit o sotwar applications,inclding lading prodcts sch as ultraTaxCS and Practic CS, that ncompass raspct o a prossional acconting rmsoprations - rom collcting cstomr dataand posting nishd tax rtrns to th orall

managmnt o th acconting practic

Small to mdim-sizd acconting rms

entrpris Sit Soltions or tax prparation, ngagmnt,practic managmnt and docmnt andworkfow managmnt, inclding GoSstmTax RS and GoFilRoom

Larg acconting rms

Government

Gornmnt Rn Managmnt end-to-nd sotwar and srics thatmpowr gornmnts worldwid to managrn throgh atomatd land andproprt tax administration

National, stat and local gornmntsrsponsibl or proprt rgistration, taxgnration and collction

Inormation about Tax & Accountings products and customers


7/29/2019 Fact Book 2012

55/76

Featured Solution:

THOMSON ReuTeRS GOveRNMeNTReveNue MANAGeMeNT

Thomson Rtrs Gornmnt Rn Managmnt soltion proids proprt tax

atomation and land rgistr sotwar or gornmnts and mnicipalitis arond th world.

Gornmnts s this soltion to rplac lgac sstms to hlp impro cstomr sric,

stramlin procsss and manag th growing locit o lgislati changs. In addition

to its markt-lading proprt tax orings, it is also considrd a ladr in th proision

o land administration sstms hlping gornmnts and th priat sctor map, adit,

rgistr and pblish th al o assts and land. As a lading proidr o nd-to-ndgornmnt proprt tax managmnt and land administration sstms, Thomson Rtrs

Gornmnt Rn Managmnt soltion procsss mor than $100 billion in annal

tax rn.

Thomson Reuters Government Revenue

Management suite o products:

GRM Tax: Th lading tax billing,

rn collction and managmnt

soltion, hlping tax ocials to maintain,

bill, collct and distribt proprt and

othr taxs

GRM Valuation: Nw point-in-tim

sstm that is th rslt o dcads

o proprt alation knowldg

and xprinc

GRM Registry: A land inormation

sstm that allows rgistr ocs to

atomat and manag ormal land

rgistration procsss, whil maintaining

and incorporating local laws, throgh a

workfow-drin, ntrpris ll

sotwar sstm

GRM Cadastre: An ntrpris cadastral

managmnt sstm basd on esri GIS

tchnolog that intgrats a sit o

sr and cadastral managmnt

applications, nabling th nd sr to

collct proprt data, gnrat mapsand proid pblic accss ia th wb

eGovernment: Proids constitnts th

abilit to accss inormation and mak

pamnts onlin

OpenTitle: An all-inclsi approach to

collcting, docmnting and rcording

th docmntation and gographic

inormation rlating to proprt rights


7/29/2019 Fact Book 2012

56/76

INTELLECTUAL PROPERTY& SCIENCEOr Intllctal Proprt & Scinc bsinss proids comprhnsi intllctal proprt

and scintic inormation, dcision spport tools and srics that nabl gornmnts,

acadmia, pblishrs, corporations and law rms to discor, dlop and dlir

innoations. In this nironmnt, w bli cstomrs will sk orings that impro

prodctiit and simpli complx dcision-making in scholarl rsarch and drg

discor. As innoations ar commrcializd, w bli cstomrs will also sk orings

that spport th assrtion and protction o intllctal proprt rights.

Eectve Jauary 1, 2012, the iteectua Prperty & Scece segmet s rgazed arud

three key custmer segmets but arud ed users, ther cmmutes ad ther wrkw.

2011 Revenues: $852 Million2011 EBITDA: $296 Million2011 Operating Prot: $237 Million

Thomson Reuters

Intellectual Property Solutions

Proids patnt and tradmark contnt andsrics that hlp corporat and lgal IPprossionals dri nw growth opportnitis,protct IP assts and crat maximm alrom thir IP portolio

Scientifc & Scholarly Research

Proids accss to th worlds criticalrsarch, as wll as analtics dsignd tomaximiz rtrns on rsarch nding andtools to pblish pr-riwd articls

Lie Sciences

Proids dcision spport inormationand analtics to pharmactical andbiotchnolog companis

IP & Science



Thms Reuters Fact Book 2012 54Intellectual Property & ScienceBusess Uts

7/29/2019 Fact Book 2012

57/76


2007 2008 2009 2010 2011

756

707

756789

852

Canadian GAAP

IFRS

2007 2008 2009 2010 2011

269256 269 263296

36.2% 35.6% 35.6%33.3% 34.7%

Canadian GAAP

EBITDA

EBITDA Margin

2007 2008 2009 2010 2011

229217 218 209237

30.7% 30.3% 28.8%26.5% 27.8%

Canadian GAAP

Operating Profit



Print

95%

5%

Americas

EMEA

Asia

70%

24%

6%

Recurring

Nonrecurring

72%

28%



7/29/2019 Fact Book 2012

58/76

Intllctal Proprt & Scinc srs mor than 15,000 cstomrs and 20 million nd

srs with a strong, global prsnc across North Amrica, erop, Asia, th Middl

east, and Arica. W sr clints in arios indstris, inclding consmr goods,

lctronics, pharmacticals and gornmnt agncis.

Th IP Soltions sgmnt proids soltions to attorns and paralgals, and IP,

rsarch and bsinss dlopmnt prossionals to hlp thm mak mor condntIP dcisions. On o or major brands and th lading IP rsarch and analsis soltion,

Thomson Innoation, brings togthr th worlds most comprhnsi intrnational

patnt corag and powrl IP analsis tools to nabl cstomrs to crat, maintain

and protct IP assts.

Th Scintic & Scholarl Rsarch sgmnt proids gornmnt, scintic and

acadmic prossionals accss to objcti contnt and powrl tools to sarch, track,

masr and collaborat in th scincs, social scincs, arts and hmanitis. Among

its brands, th Thomson Rtrs Wb o Knowldg rsarch platorm proids accss

to th worlds lading citation databass, inclding powrl citd rrnc sarching,

th Analz Tool, and or 100 ars o comprhnsi backl and citation data.

Th Li Scincs sgmnt hlps acclrat pharmactical rsarch and dlopmnt

b proiding dcision spport inormation and analtics to pharmactical andbiotchnolog companis. Thomson Rtrs Cortllis incorporats mltipl Li

Scincs prodcts which gis or cstomrs a singl sorc o pharmactical

intllignc with fxibl dlir options or ickr, mor inormd dcision-making.

Competition

Primar comptitors o th IP Soltions bsinss incld Corsarch, CPA Global,

LxisNxis, Minsot and patnt oc sits. Primar comptitors o th Scintic &

Scholarl Rsarch bsinss ar Rd elsir, Woltrs Klwr, Proqst, eBSCO,

Aris and Googl Scholar. Primar comptitors o th Li Scincs bsinss ar

Rd elsir, Woltrs Klwr, Inorma and Chmical Abstracts Srics.

Quick Facts:

20 MillionIP & Scinc prodcts and srics ar sd b

mor than 20 million indiidals in acadmic

and gornmnt instittions, corporations

and law rms.

15,000W proid Intllctal Proprt andScintic Rsarch soltions to mor

than 15,000 cstomrs.

100IP & Scinc srs cstomrs in mor than

100 contris arond th world.


7/29/2019 Fact Book 2012

59/76


IP Solutions

SeRION Sit o tradmark rsarch soltions within a wb-basdworkfow nironmnt or scrning, sarching, watchingand protcting global brands

Tradmark attorns, paralgals, markting xctis,nam gnrators and comptiti intllignc analsts incorporations and law rms

Thomson Rtrs IPManagr

entrpris-ll, highl congrabl intllctal asstmanagmnt soltion or patnts, tradmarks, licnsing

agrmnts, inntion disclosrs and conficts

IP portolio managrs, dockting administrators, IPconsl, attorns, paralgals

Thomson Innoation Lading IP intllignc and collaboration platorm withcomprhnsi contnt, powrl analsis andisalization tools and markt insight

IP consl, attorns, inormation prossionals, hads orsarch and dlopmnt, licnsing xctis, bsinssstratgists, bsinss intllignc analsts and M&A xctis

IP Srics Global ntwork o highl xprincd xprts skilld inpatnt sarch and analtics, licnsing, prparation andprosction, IP managmnt administration and litigation

Bsinss xctis, IP consl, stratgists, bsinssdloprs, patnt attorns, IP spcialists

Scientic &Scholarly Research

Thomson RtrsWb o Knowldg

Comprhnsi and intgratd platorm that incldspropritar Thomson Rtrs databass as wll as thirdpart-hostd contnt, ditoriall slctd wbsits andtools to accss, analz and manag rsarch inormation;atrs Wb o Scinc abstractd/indxd jornals,articls with citd rrncs and conrnc procdings

Rsarch scintists and scholars at gornmnt agncis,rsarch libraris and nirsitis and collgs

endNot Comprhnsi collction o bibliographic rsorcs thatar sarchabl onlin to atomaticall organiz andlocat ll-txt rrncs, nabling grop collaboration

Rsarchrs, scholarl writrs, stdnts and librarians

Rsarch Analtics Rsarch alation, bnchmarking, managmnt anddcision spport tools and srics

Acadmic and rsarch instittions, gornmnts, not-or-prots and nding agncis

ScholarOn Pr-riw workfow soltions that stramlin andacclrat sbmission to pblication

Pblishrs, organizations and associations

Lie Sciences

Thomson RtrsCortllis

Intgratd platorm containing athoritati R&D drgpiplin inormation, patnts, dals, compan inormation,braking indstr nws and conrnc corag

Bsinss dlopmnt, licnsing and instmntprossionals at pharmactical and biotchnologcompanis

Li ScincsProssional Srics

exprt analsts with dp pharmactical and li scincknowldg who appl disas ndrstanding and patintnds to discor, clinical dlopmnt and lanch

Li scinc, pharmactical and biotchnolog companis

Thomson RtrsIntgrit

Dtaild inormation or scintists and rsarchrs thatintgrats biolog, chmistr and pharmacolog data tospport drg discor and dlopmnt

R&D scintic prossionals at pharmactical andbiotchnolog companis

Inormation about Intellectual Property & Sciences products and customers


7/29/2019 Fact Book 2012

60/76

Featured Solution:

THOMSON INNOvATION

Thomson Innoation is th most comprhnsi IP intllignc and collaboration platorm.

It ors comprhnsi patnt, bsinss, nws and scintic litratr contnt along with

bst-in-class analtic and collaboration tools. Thomson Innoation has nparallld

english-langag corag o th Asia-Pacic rgion that allows srs arond th glob

th opportnit to gain gratr insight into tchnolog and bttr ndrstand an

innoations nolt.

Key Benets:

Stimlat nw idas and gt th most

accrat pictr o prior art b

simltanosl sarching global

collctions o patnts, scintic jornals,

bsinss inormation and nws

Gain gratr insights into tchnolog

and idnti an innoations nolt that

can onl b ncord b sarching th

ditoriall nhancd english-langag

titls and abstracts in Drwnt World

Patnts Indx

B crtain that clints arnt inringing

on xisting patnts throgh comprhnsi

sarching and alrting capabilitis or

patnt data

Spot mrging trnds and pattrns

bor comptitors b analzing

tchnolog landscaps sing sprior

data analsis tools, sch as Charting

and Citation Mapping


7/29/2019 Fact Book 2012

61/76

REUTERS NEWSRtrs is th trstd nws sorc that powrs th worlds markts, inorms prossionals

with spcialist nws and data and rachs a billion consmrs o nws r da. It is th

worlds largst indpndnt global nws agnc, with approximatl 3,000 jornalists in

narl 200 bras who proid braking nws and insight that connct th dots or or

cstomrs and gi thm a comptiti dg. Gidd b th Thomson Rtrs Trst

Principls, w rport on nancial markts, conomics, compan nws, commoditis,

politics, lgal and taxation isss, and mor. W dl dpr into nws nts and isss

to proid award-winning instigati jornalism and agnda-stting commntar.

Rtrs is a cornrston asst or all o or bsinsss, with its contnt incrasingl sdacross th ntir compan. W ar xpanding corag o lgal and taxation isss, adding

indstr-spcic jornalists to proid nw contnt or thos sctors. Rtrs nws and

insight ar proidd ia dsktop prodcts and dlird in machin-radabl orm in th

Financial & Risk bsinss. Th Mdia bsinss slls Rtrs nws ds to mdia otlts

sch as broadcastrs, wbsits and nwspaprs, and rachs consmrs ia www.reuters.com.

Rtrs dlirs nws and insight ia txt, ido, pictrs and graphics. Hndrds o

photographrs arond th glob dlir p to 1,600 pictrs ach da, coring braking

nws, atrs, ntrtainmnt, bsinss and sports. Th Rtrs Pictrs wbsit ors

dirct accss to li pictrs, as wll as an archi o mor than million imags. Or

ido jornalists prodc approximatl 97,000 ido storis pr ar.

Rtrs contins to win

prstigios awards, inclding

awards rom th Socit

o Amrican Bsinss editors

and Writrs (SABeW) and

thr rom Pictr o th yar

Intrnational (POyI).

Thms Reuters Fact Book 2012 59Reuters NewsBusess Uts

7/29/2019 Fact Book 2012

62/76

MEDIAMdia is organizd in two bsinsss.

Or Rtrs Nws Agnc bsinss proids th worlds mdia companis with ast,

accrat and xtnsi corag o global, rgional and national nws in 20 langags

coring politics, bsinss, nanc, ntrtainmnt, listl, tchnolog, halth, scinc

and sports. W also proid li/braking nws and l-basd dlir o nws ido,

a rich ido archi, p-to-th mint photographs rom or global ntwork o or 600

photojornalists/idojornalists and an onlin pictr archi that consists o or

million imags. Or graphics proid a isal analsis o top world nts and or

mltimdia nws srics incld prioritizd, rad-to-pblish onlin rports, ido and

pictr slctions dsignd or digital platorms.

Th Consmr Pblishing bsinss inclds th adrtising-spportd, dirct-to-consmr

pblishing actiitis o Rtrs.com and its global ntwork o wbsits, mobil applications

and lctronic ot-o-hom displas.

Competition

Primar comptitors o or Rtrs Nws Agnc bsinss incld th Associatd Prss,

Agnc Franc-Prss and Gtt Imags. Primar comptitors o or Consmr Pblishing

bsinss incld WSJ.com, Bloombrg.com, Forbs.com, CNNMon.com and FT.com.

Revenues (u.S. $ millions)

2007 1 2008 1 2009 2010 2011

Canadian GAAP

IFRS

358

379

331 324336

1 Pro Forma rslts prsnt th hpothtical prormanc as i Rtrs had bn part o Thomson or all o 2007 and 2008.

Thms Reuters Fact Book 2012 60Busess Uts Media

7/29/2019 Fact Book 2012

63/76

CORPORATe INFORMATION


7/29/2019 Fact Book 2012

64/76

David Thomson

Chairman

Dirctor sinc 1988

W. Georey Beattie

Dpt Chairman

Corporat Gornanc Committ

Hman Rsorcs Committ

Dirctor sinc 1998

James C. Smith

Dirctor sinc 2012

Manvinder (Vindi) S. Banga

Hman Rsorcs Committ

Dirctor sinc 2009

Mary Cirillo


Hman Rsorcs Committ

Dirctor sinc 2005

Steven A. Denning

Chair o th Hman Rsorcs Committ

Dirctor sinc 2000

Lawton W. Fitt

Chair o th Corporat Gornanc Committ

Adit Committ

Dirctor sinc 2008

Roger L. Martin

Adit Committ

Dirctor sinc 1999

Sir Deryck Maughan


Dirctor sinc 2008

Ken Olisa, OBE

Adit CommittDirctor sinc 2008

Vance K. Opperman

Chair o th Adit Committ

Dirctor sinc 1996

John M. Thompson

Adit Committ


Dirctor sinc 2003

Peter J. Thomson

Dirctor sinc 1995

Wul von Schimmelmann

Adit Committ

Dirctor sinc 2011

Woodbridge

As o April 30, 2012, Woodbridg bnciall

ownd approximatl 55% o or common

shars and is th principal and controlling

sharholdr o Thomson Rtrs.

Woodbridg, a priat compan, is th

primar instmnt hicl or mmbrs

o th amil o th lat Ro H. Thomson,

th rst Lord Thomson o Flt. Woodbridgis a prossionall managd compan

that, in addition to its controlling intrst

in Thomson Rtrs, has othr sbstantial

instmnts.

Th it o Woodbridg contins

to b ownd b mmbrs o sccssi

gnrations o th amil o th rst

Lord Thomson o Flt.

Woodbridgs primar instmnt is its

holding o or shars. It actil monitors

or compan as a controlling sharholdr.

In its inolmnt with or compan,Woodbridg ocss on ths mattrs:

corporat gornanc, inclding th

ctinss o or board;

appointmnt o th Chi excti Ocr

and othr mmbrs o snior managmnt

and rlatd sccssion planning;

dlopmnt o th long-trm bsinss

stratg o Thomson Rtrs and

assssmnt o its implmntation; and

capital stratg.

With its sbstantial it instmntin or compan, Woodbridg considrs

that its intrsts as a Thomson Rtrs

sharholdr ar alignd with thos o all

othr sharholdrs.

As o March 2012

BOARD OF DIReCTORS

Thms Reuters Fact Book 2012 62Board o DirectorsCrprate irmat

7/29/2019 Fact Book 2012

65/76

TRuST PRINCIPLeS AND FOuNDeRSSHARe COMPANy

Or compan is ddicatd to pholding th Thomson Rtrs Trst Principls and to

prsring its indpndnc, intgrit and rdom rom bias in th gathring and

dissmination o inormation and nws.

The Trust Principles are:

That Thomson Rtrs shall at no tim pass into th hands o an on intrst, grop

or action;

That th intgrit, indpndnc and rdom rom bias o Thomson Rtrs shall

at all tims b ll prsrd;

That Thomson Rtrs shall sppl nbiasd and rliabl nws srics to nwspaprs,

nws agncis, broadcastrs and othr mdia sbscribrs and to bsinsss,

gornmnts, instittions, indiidals and othrs with whom Thomson Rtrs has

or ma ha contracts;

That Thomson Rtrs shall pa d rgard to th man intrsts which it srs

in addition to thos o th mdia; and

That no ort shall b spard to xpand, dlop and adapt th nws and othr

srics and prodcts o Thomson Rtrs so as to maintain its lading position in th

intrnational nws and inormation bsinss.

Thomson Rtrs Fondrs Shar Compan was stablishd in 1984 whn Rtrs bcam

a pblic compan. Th dirctors o th Fondrs Shar Compan ha a dt to nsr,

to th xtnt possibl, that th Trst Principls ar complid with.

Th dirctors ha a minimm o two mtings pr ar. Dirctors rci rports on or

actiitis in th dirnt lds in which w oprat and mt with both or board

and rprsntatis o snior managmnt. Throgh th Fondrs Shar Compans

chairman, rglar contact is maintaind with or compan. Th rlationship is on

o trst and condnc.

Thms Reuters Fact Book 2012 63Trust Principles and FoundersShare Company

Crprate irmat

7/29/2019 Fact Book 2012

66/76

Corporate Headquarters

3 Tims Sar

Nw york, Nw york 10036

unitd Stats

tl: +1 646 223 4000www.thomsonrtrs.com

Stock Exchange Listings

Common Shares

Toronto Stock exchang (TSX)

(smbol TRI)

Nw york Stock exchang (NySe)

(smbol TRI)

828,646,016 shars otstanding

as o Ma 8, 2012

Series II Preerence Shares

Toronto Stock exchang(smbol TRI.PR.B)

6,000,000 shars otstanding

as o March 31, 2012

2012 Financial Calendar

yar nd: Dcmbr 31

qartrl rslts: Ma 1 (q1),

Jl 31 (q2), Octobr 30 (q3)

Dividends

At th discrtion o th dirctors.

Paid on March 15/Jn 15/Sptmbr 15/

Dcmbr 15, or on th rst bsinss

da thratr.

Employees

As o Dcmbr 31, 2011, w had approximatl

60,000 mplos.

Transer Agent and RegistrarComptrshar Trst Compan o Canada

100 unirsit An, 9th Floor

Toronto, Ontario M5J 2y1

Canada

tl: +1 800 564 6253 (u.S., Canada)

tl: +44 (0) 870 707 1804 (u.K.)

tl: +1 514 982 7555 (otsid North Amrica)

www.comptrshar.com

Investor Relations Contacts

Frank Goldn

Snior vic Prsidnt, Instor Rlations

-mail: [email protected]: +1 646 223 5288

Matthw Al

Snior Dirctor, Instor Rlations

-mail: [email protected]

tl: +1 646 223 4875

Further Inormation

www.thomsonrtrs.com

-mail: [email protected]

CONTACT INFORMATION

Thms Reuters Fact Book 2012 64Crprate irmat Contact Inormation

7/29/2019 Fact Book 2012

67/76

APPeNDIX


7/29/2019 Fact Book 2012

68/76

1 Rns rom ongoing bsinsss ar rns rom rportabl sgmnts and Corporat & Othr (which inclds th Mdia bsinss) lss liminati

Fact Book 2012

Documents

Transcript of Fact Book 2012