Ascential (ASCL) Trading Update summary

Trading performance and outlook

• Trading remains in line with expectations for the full year, with confidence in medium-term growth targets and ambitions.

• Marketing division expects over 10% revenue growth in H1, driven by strong delegate and sponsorship growth at Cannes Lions.

• Financial Technology division anticipates double-digit revenue growth in H1, despite an 8% year-on-year decline in the European edition due to broader fintech market conditions.

• Successful launch of Money20/20 Asia in Bangkok, attracting over 3,000 attendees and generating revenues exceeding £6m.

• Recent £300m tender offer, £450m special dividend, and share consolidation completed, with focus on 2024 priorities.

Capital markets event details

• Capital markets event to be held at Cannes Lions, France, on 19 June 2024, hosted by CEO and CFO.

• Event will outline investment case and vision for continued growth as an events-led business.

• Presentations will be available live and on-demand via the company website.

• No new material financial information will be disclosed beyond the trading update.

Strategic positioning and risk factors

• Ascential positions itself as a specialist in events, intelligence, and advisory for global brands in marketing and fintech sectors.

• Forward-looking statements are subject to risks, uncertainties, and factors beyond management's control.

• No obligation to update forward-looking statements except as required by law.