Bringing
financial
power
to all
Experian Annual Report 2022
Year ended 31 March 2022
We are committed in our pursuit of bringing financial power to all
Inside this year’s Annual Report
Strategic report
03 Our purpose
04 Experian at a glance
06 Chair’s statement
08 Chief Executive’s review
14 Our purpose in action
22 Stakeholder engagement
26 Our investment case
28 Key performance indicators
30 Our business model
34 Our strategy
Sustainable business
46 Environmental, social and governance
49 Improving financial health for all
50 Treating data with respect
56 Inspiring and supporting our people
62 Working with integrity
64 Protecting the environment
72 Non-financial information and
s172(1)statement
74 Financial review
85 Risk management and principal risks
93 Viability and going concern
Governance
96 Chair’s introduction
98 Board of directors
100 Corporate governance report
111 Nomination and Corporate Governance
Committee report
117 Audit Committee report
125 Report on directors’ remuneration
147 Directors’ report
Financial statements
151 Financial statements contents
152 Independent auditor’s report
Group financial statements
159 Group income statement
160 Group statement of comprehensive
income
161 Group balance sheet
162 Group statement of changes in equity
163 Group cash flow statement
164 Notes to the Group financial statements
Company financial statements
222 Company financial statements
225 Notes to the Company financial
statements
237
Shareholder and corporate information
239
Glossary
Roundings
Certain financial data has been rounded in this report. As aresult,
the totals of data presented may vary slightly from the actual
arithmetic totals of the data.
Exchange rates
Principal exchange rates used are given in note 10 to the Group
financial statements. The average pound sterling to USdollar
rate is 1.37 (2021: 1.31).
Financial highlights
Reconciliation of statutory to Benchmark measures
To download this Annual Report and
our other corporate literature visit
www.experianplc.com
1 From ongoing activities.
The results for the year ended 31 March 2021 have been re-presented for the reclassification to exited business activities of ce
rtain
B2Bbusinesses.
Benchmark
Growth % at
actual rates
Growth % at
constant
rates
Revenue – ongoing activities
US$6,267
m
+17 % +17 %
(2021: US$5,342 m)
Benchmark EBIT¹
US$1,640
m
+19 % +19 %
(2021: US$1,379 m)
Benchmark profit before tax
US$1,535
m
+21 % +22 %
(2021: US$1,265 m)
Benchmark EPS
USc124.5
+21 % +21 %
(2021: USc103.1 )
Statutory
Growth % at
actual rates
Growth % at
constant
rates
Revenue
US$6,288
m
+17 % +16 %
(2021: US$5,372 m)
Operating profit
US$1,416
m
+20 % +19 %
(2021: US$1,183 m)
Profit before tax
US$1,447
m
+34 % +19 %
(2021: US$1,077 m)
Basic EPS
USc127.5
+45 % +23 %
(2021: USc88.2 )
Year ended
31 March 2022
Statutory
Non-benchmark items
Benchmark
Investment-
related items
Amortisation
of acquisition
intangibles
Non-cash
financing
items
Exceptional
items
6,267
––––
Ongoing
21
––––21
Exited
Revenue US$m 6,288
––––
6,288
Revenue US$m
1,411 1,640
29 174 – 26
Ongoing
5
–––– 5
Exited
Operating
profit US$m
29 174 – 26
Benchmark
EBIT US$m
Profit before
tax US$m
57 174 (169) 26
Benchmark PBT
US$m
Basic EPS USc 127.5 124.5
3.7 13.8 (16.6) (3.9)
Benchmark EPS
USc
See note 6 to the Group financial statements for definitions of non-GAAP measures.
We are focused on a clear purpose
– to create a better tomorrow for
consumers, for businesses, for our
people and for our communities.
We play a vital role for
See pages 14 – 21 for Our purpose in action
Experian is a company proudly built on purpose. Our purpose is central
to our brand, articulated by our people and mutually reinforced by our
culture – it is explicitly bound to everything we do.
Millions of people worldwide are still excluded from accessing fair
andaordable credit because they are invisible to the financial system.
It is our social mission to improve financial inclusion, because access
tocredit opens up opportunities for people to transform their lives.
We recognise that we play a pivotal role in society and we have a
responsibility to use data as a force for good. Our people put this into
action every day, by developing capabilities and using their expertise
tohelp millions manage their financial lives.
Brian Cassin
Chief Executive Ocer
Consumers
Helping individuals better
understand their financial
position, take control of their
finances and manage their
financial health.
Businesses
Helping businesses to make
faster, smarter decisions.
Enabling them to lend
responsibly, more fairly and
quickly, reduce risk, and deliver
abetter customer experience.
Communities
Using data to help the most
vulnerable in society gain access
to credit, improve financial
literacy and confidence, and
support economic growth.
Our people
Creating a diverse, equitable
andinclusive workplace where
everyone can thrive and bring
their best selves to work.
3
Experian plc
Annual Report 2022
Strategic report
We are focused on bringing financial power to all. We want to deliver
thefullpower of data, analytics and technology to transform lives and
deliver better outcomes for people and businesses. Our work empowers
individuals, families, businesses, communities and governments to make
smarter decisions and navigate the world with confidence. Our supportive,
inspiring culture helps encourage our people to become the best versions
ofthemselves.
The accelerating shift to digital underpins our business. We embrace
innovation and technology to take advantage of the possibilities data holds.
Through our range of products and solutions, we help millions of people
gainaccess to financial services, and better protect themselves against
fraud and identity theft. We help businesses understand their customers
better, lend more responsibly, eectively and swiftly, while minimising
creditand fraud risk.
Experian at a glance
One of the biggest challenges in
the world is financial inclusion.
Wearedriven by our purpose to:
We have 20,600 dedicated employees
serving 120,000 clients across
43countries
a
Certified in 20 of 28 countries' Great Places
to Work
a
Fortune’s 100 Best Companies to Work For
a
1 in 3 employees took part in our Careers
Week
a
Record numbers of new graduates and
apprentices
a
Employee engagement of 78%
Making a real dierence
Inclusive, inspiring and supportive
of our people
Purpose, innovation and culture
driving our success
Improve financial health for all
Championing consumers
across our business
Core
products
Social
innovation
Community
investment
Treating data with respect
Data fuels our business and as its tr
usted custodian it is only right that we
have outlined this year our new Global Data Principles which em
body five
key values
Accuracy
Fairness
Transparency
Inclusion
Security
Learn more about how we're inspiring
andsupporting our people
See pages 56-61
Learn more about how we're making a dierence
See pages 46-71
Experian plc
Strategic report
4