Pearson : Earnings Document

Introduction

to Pearson

May 2023

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Forward-looking statements

Except for the historical information contained herein, the matters discussed in this statement include forward- looking statements. In particular, all statements that express forecasts, expectations and projections with respect to future matters, including trends in results of operations, margins, growth rates, overall market trends, the impact of interest or exchange rates, the availability of financing, anticipated costs savings and synergies and the execution of Pearson's strategy, are forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will occur in future. They are based on numerous assumptions regarding Pearson's present and future business strategies and the environment in which it will operate in the future.

There are a number of factors which could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including a number of factors outside Pearson's control. These include international, national and local conditions, as well as competition.

They also include other risks detailed from time to time in Pearson's publicly-filed documents and you are advised to read, in particular, the risk factors set out in Pearson's latest annual report and accounts, which can be found on its website (pearsonplc.com).

Any forward-looking statements speak only as of the date they are made, and Pearson gives no undertaking to update forward-looking statements to reflect any changes in its expectations with regard thereto or any changes to events, conditions or circumstances on which any such statement is based. Readers are cautioned not to place undue reliance on such forward-looking statements.

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Our	Purpose		Our Mission
Add	life to		Create vibrant and
a	lifetime		enriching learning
of learning		experiences designed
			for real-life impact

Our Vision

Everyone can realise the life they imagine through learning

Pearson: A snapshot

Experienced

Strong financials

2022 Revenue

senior team	Underlying		Adjusted operating
Omid	revenue*	+5%	profit		4%
		+11%
Kordestani
				23%
Chair
£3,428m	£3,841m	£385m	£456m	38%
					5%
Andy Bird	2021	2022	2021	2022	8%

Chief Executive	Adjusted earnings	21%
Officer	Dividend per share
	per share

Sally Johnson

Chief Financial Officer

	+48%
	51.8p
34.9p
2021	2022

	+5%
20.5p	21.5p
2021	2022

Assessment & Qualifications Virtual Learning**

English Language Learning Workforce

Higher Ed

Strategic Review

*Underlying growth rates exclude currency movements, and portfolio changes **As of March 21, 2023, Pearson agreed to sell its OPM business, which represented £301m of revenue in 2022

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Why invest in Pearson

1	2	3	4	5
Market	Competitive	Growth	Strong	Purpose
opportunity	advantage	strategy	financials	driven

Building on our legacy to create a different kind of learning company, delivering innovative digital tools directly to consumers worldwide

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