Table of Contents
1Q 2004 Earnings Call April 27, 2004
Donald S. Rubin Senior Vice President, Investor Relations The McGraw-Hill Companies
“Safe Harbor” Statement Under The Private Securities Litigation Reform Act of 1995
Harold McGraw III Chairman, President and CEO The McGraw-Hill Companies
First quarter results
Encouraged by economic recovery
Maintaining guidance for 2004
Financial Services McGraw-Hill Education Information and Media Services
Financial Services
New issue dollar volume grew in 1Q
Outlook for 2004 issuance
Outlook for 2004 issuance
International markets will be growth driver in 2004
Structured finance
Non-traditional ratings are growing rapidly
An expanding index business
Assets under management in ETFs continue to grow
Global research settlement: Optimistic about our opportunities
Financial Services
Outlook on rating agencies
Outlook on rating agencies
Financial Services McGraw-Hill Education Information and Media Services
McGraw-Hill Education
School Education Group
Reading First funding
Educators are turning to our programs
Activity signals national commitment to teaching of reading
Promising outlook for testing
Testing market will continue to expand
El-hi opportunities in 2004
1Q 2004 HPI revenue grew 4.7%
College and university market
McGraw-Hill Education
Financial Services McGraw-Hill Education Information and Media Services
Information and Media Services
Broadcasting
BusinessWeek
BusinessWeek
Making progress with McGraw-Hill Construction Network
Making progress with B2B verticals
Information and Media Services
Outlook for The McGraw-Hill Companies
The McGraw-Hill Companies
Robert J. Bahash Executive Vice President and Chief Financial Officer The McGraw-Hill Companies
Strong financial position
Interest expense
Impact of Rock-McGraw sale on interest expense
Impact of Rock-McGraw sale on interest expense
Impact of Rock-McGraw sale on 2004 EPS
Corporate expense
Effective tax rate
CapEx for property and equipment
Pre-publication investments
Additions to technology projects
GTP successfully launched
Outlook for GTP
Non-cash charges
Non-cash charges
Non-cash charges
Growth in cash returned to shareholders
Share repurchase program
1Q 2004 Earnings Call
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