IHS Updates 2013 Financial Guidance

  IHS Updates 2013 Financial Guidance

  *Expanded 2013 guidance including R.L. Polk acquisition
  *Positive growth and accretive earnings outlook for IHS with R.L. Polk in

Business Wire

ENGLEWOOD, Colo. -- August 13, 2013

IHS Inc. (NYSE: IHS), the leading global source of information and analytics,
is updating its 2013 financial guidance.

“We are excited about the value we are creating through the combination of IHS
and R.L. Polk, and the $0.40-$0.50 of incremental Adjusted EPS we expect it to
add to IHS in 2014. We also continue to see solid organic growth for the
remainder of 2013, despite the lower global corporate-spend environment and
the uncertainty that remains macro-economically, and we remain focused on our
path to build from current levels in 2014 and beyond," said Scott Key, IHS
president and chief executive officer.

For the year ending November 30, 2013, IHS expects:

  *All-in revenue in a range of $1.80 to $1.82 billion;
  *All-in Adjusted EBITDA in a range of $540 to $560 million; and
  *Adjusted EPS in a range of $4.75 to $5.00 per diluted share.

For additional information, see the related supplemental presentation posted
to our website at www.ihs.com.

The above outlook assumes no further currency movements, acquisitions,
divestitures, pension mark-to-market adjustments or unanticipated events. See
discussion of non-GAAP financial measures at the end of this release.

As previously announced, IHS will hold a conference call to discuss its
updated 2013 guidance on August 13, 2013 at 8:00 a.m. EDT. All interested
parties are invited to listen to the live event via webcast on the IHS
investor website at http://investor.ihs.com.

About IHS (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in
critical areas that shape today's business landscape. Businesses and
governments in more than 165 countries around the globe rely on the
comprehensive content, expert independent analysis and flexible delivery
methods of IHS to make high-impact decisions and develop strategies with speed
and confidence. IHS has been in business since 1959 and became a publicly
traded company on the New York Stock Exchange in 2005. Headquartered in
Englewood, Colorado, USA, IHS employs 8,000 people in 31 countries around the

Use of Non-GAAP Financial Measures

This press release includes a discussion of Adjusted EBITDA and Adjusted
diluted earnings per share (Adjusted EPS), which are non-GAAP financial
measures provided as a complement to the results provided in accordance with
accounting principles generally accepted in the United States of America
(GAAP). In the third quarter of 2013, we have changed our definition of
Adjusted EPS. Specifically, we are now adjusting for the impact of the
amortization of acquisition-related intangible assets when calculating this
metric. We believe this adjustment will help investors more clearly assess
IHS' ongoing cash earnings and facilitate easier financial comparisons to
other information services companies, almost all of which define this non-GAAP
measure in a similar fashion.

Non-GAAP results are presented only as a supplement to the financial
statements based on GAAP. The non-GAAP financial information is provided to
enhance the reader's understanding of our financial performance, but no
non-GAAP measure should be considered in isolation or as a substitute for
financial measures calculated in accordance with GAAP.

EBITDA is defined as net income plus or minus net interest, plus provision for
income taxes, depreciation and amortization. Adjusted EBITDA further excludes
primarily non-cash items and other items that management does not consider to
be useful in assessing our operating performance (e.g., stock-based
compensation expense, acquisition-related costs, restructuring charges, income
or loss from discontinued operations, pension settlement and mark-to-market
adjustments, and gain or loss on sale of assets). Adjusted EPS is defined as
diluted earnings per share before the per share effect of loss from
discontinued operations, net of provision for income taxes and excludes the
after tax per share effects of the impact of amortization of
acquisition-related intangible assets, stock-based compensation expense,
restructuring charges, acquisition-related costs, impairment of assets, and
loss on sale of assets.

None of these non-GAAP financial measures are recognized terms under GAAP and
do not purport to be an alternative to net income as an indicator of operating
performance or any other GAAP measure. Management uses these non-GAAP measures
in its operational and financial decision-making, believing that it is useful
to exclude certain items in order to focus on what it deems to be a more
reliable indicator of ongoing operating performance and our ability to
generate cash flow from operations. As a result, internal management reports
used during monthly operating reviews feature the Adjusted EBITDA and Adjusted
EPS metrics. Management also believes that investors may find non-GAAP
financial measures useful for the same reasons, although investors are
cautioned that non-GAAP financial measures are not a substitute for GAAP
disclosures. EBITDA, Adjusted EBITDA, and Adjusted EPS are also used by many
of our investors, research analysts, investment bankers, and lenders to assess
our operating performance. For example, a measure similar to Adjusted EBITDA
is required by the lenders under our term loans and revolving credit

Because not all companies use identical calculations, our presentation of
non-GAAP financial measures may not be comparable to other similarly-titled
measures of other companies. However, these measures can still be useful in
evaluating our performance against our peer companies because management
believes the measures provide users with valuable insight into key components
of GAAP financial disclosures. For example, a company with greater GAAP net
income may not be as appealing to investors if its net income is more heavily
comprised of gains on asset sales. Likewise, excluding the effects of interest
income and expense moderates the impact of a company's capital structure on
its performance.

IHS Forward-Looking Statements

This release may contain forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
statements that are not historical facts. Such statements may include
financial projections and estimates and their underlying assumptions,
statements regarding plans, objectives and expectations with respect to future
operations, products and services, and statements regarding future
performance. Forward-looking statements are generally identified by the words
"expect," "anticipate," "believe," "intend," "estimate," "plan" and similar
expressions. Although IHS and its management believe that the expectations
reflected in such forward-looking statements are reasonable, investors are
cautioned that forward-looking information and statements are subject to
various risks and uncertainties – many of which are difficult to predict and
generally beyond the control of IHS – that could cause actual results and
developments to differ materially from those expressed in, or implied or
projected by, the forward-looking information and statements. These risks and
uncertainties include those discussed or identified by IHS from time to time
in its public filings. Other than as required by applicable law, IHS does not
undertake any obligation to update or revise any forward-looking information
or statements. Please consult our public filings at www.sec.gov or

IHS is a registered trademark of IHS Inc. All other company and product names
may be trademarks of their respective owners. © 2013 IHS Inc. All rights


IHS Inc.
News Media:
Dan Wilinsky, +1-303-397-2468
Investor Relations:
Andy Schulz, +1-303-397-2969
Press spacebar to pause and continue. Press esc to stop.