August 18, 2017 5:34 PM ET

Capital Markets

Company Overview of Markit Ltd.

Company Overview

Markit Ltd. offers financial information services. The company provides pricing and reference data, indices, valuation and trading, and trade processing solutions. It caters to banks, hedge funds, asset managers, accounting firms, regulators, corporations, and exchanges. The company was founded in 2003 and is based in London, United Kingdom. Markit Ltd. operates as a subsidiary of IHS Markit Ltd.

4th Floor

Ropemaker Place

25 Ropemaker Street

London,  EC2Y 9LY

United Kingdom

Founded in 2003

4,200 Employees

Phone:

44 20 7260 2000

Key Executives for Markit Ltd.

Chairman and Chief Executive Officer
Age: 74
President and Director
Age: 55
Chief Financial Officer and Executive Vice President
Age: 57
Chief Executive Officer of Markit Group Japan KK
Chief Accounting Officer and Senior Vice President
Age: 49
Compensation as of Fiscal Year 2017.

Markit Ltd. Key Developments

IHS Markit Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 31, 2016; Reaffirms Consolidated Earnings Guidance and Provides Standalone Earnings Guidance for the Year Ending November 30, 2016

IHS Markit Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2016. For the quarter, the company reported revenue of $724.6 million against $557.9 million a year ago. Operating loss was $16.7 million against operating income of $91.0 million a year ago. Loss from continuing operations was $31.0 million or $0.09 per basic and diluted share against profit from continuing operations of $56.8 million or $0.23 per basic and diluted share a year ago. Net loss attributable to the company was $31.7 million or $0.09 per basic and diluted share against income of $59.1 million or $0.24 per basic and diluted share a year ago. EBITDA was $73.1 million against $148.1 million a year ago. Adjusted EBITDA was $269.0 million against $179.6 million a year ago. Adjusted net income was $158.6 million or $0.45 diluted per share against $101.3 million or $0.41 diluted per share a year ago. Free cash flow was $100.0 million against $133.7 million a year ago. Third quarter net loss was due to the recognition of $105 million of merger-related costs and higher levels of stock-based compensation expense. For the nine months, the company reported revenue of $1,861.0 million against $1,628.6 million a year ago. Operating income was $148.2 million against operating income of $230.2 million a year ago. Income from continuing operations was $55.2 million or $0.20 per basic and diluted share against profit from continuing operations of $141.5 million or $0.58 per basic and diluted share a year ago. Net income attributable to the company was $63.5 million or $0.23 per basic and diluted share against income of $149.6 million or $0.61 per basic and diluted share a year ago. Net cash provided by operating activities was $475.1 million against $496.6 million a year ago. Capital expenditures on property and equipment were $99.3 million against $97.7 million a year ago. EBITDA was $371.8 million against $397.8 million a year ago. Adjusted EBITDA was $649.6 million against $509.9 million a year ago. Adjusted net income was $362.4 million or $1.31 diluted per share against $285.4 million or $1.16 diluted per share a year ago. Free cash flow was $375.8 million against $398.9 million a year ago. For the year ending November 30, 2016, on consolidated basis, the company expects revenue in a range of $2,735 million to $2,765 million; adjusted EBITDA in a range of $975 million to $995 million and adjusted EPS in a range of $1.72 to $1.78 per diluted share. Additionally, for the year, the company expects depreciation expense to be approximately $115 million - $120 million; interest expense to be approximately $115 million - $120 million; amortization expense related to acquired intangible assets to be approximately $220 million - $225 million; and adjusted effective tax rate of approximately 25%-26%. For the year ending November 30, 2016, on standalone basis, the company expects revenue in a range of $2,290 million to $2,310 million; adjusted EBITDA in a range of $785 million to $795 million and adjusted EPS in a range of $1.72 to $1.78 per diluted share.

IHS Markit Ltd. Presents at THE EUROPEAN BENEFICIAL OWNERS' SECURITIES LENDING & COLLATERAL MANAGEMENT CONFERENCE, Sep-23-2016 11:45 AM

IHS Markit Ltd. Presents at THE EUROPEAN BENEFICIAL OWNERS' SECURITIES LENDING & COLLATERAL MANAGEMENT CONFERENCE, Sep-23-2016 11:45 AM. Venue: One Great George Street, Westminster, London, SW1P 3AA, United Kingdom. Speakers: Pierre Khemdoudi.

IHS Markit Ltd. Presents at Credit Suisse 20th Annual Technology, Media & Telecom Conference, Nov-29-2016

IHS Markit Ltd. Presents at Credit Suisse 20th Annual Technology, Media & Telecom Conference, Nov-29-2016 . Venue: The Phoenician, 600 East Camelback Road, Scottsdale, AZ 85251, United States.

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