Table of Contents
3Q 2004 Earnings Call October 21, 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
Third quarter 2004 results
Raising our guidance for 2004
Influences on growth in 4Q 2004
Economic picture still good
Economic picture still good
McGraw-Hill Education Financial Services Information and Media Services
McGraw-Hill Education
Outperforming the industry
Outperforming the industry
Higher education
Higher education
For-profit schools represent fast growing area in college/university market
Teaming up with Cisco to introduce next generation of e-learning solutions
World-class title contributed to third quarter results
Providing more information online for professional markets
Successfully launched SAT I
School Education Group gained market share
K-12 leader in 2004 math adoption
Powerful performance in middle and high school math market
Success in open territories
No Child Left Behind stimulating activity in reading, testing
No Child Left Behind stimulating activity in reading, testing
Emphasis on reading will grow
2005 adoption market
Outlook for testing business
Acquisition of Grow Network adds new capability in testing market
Acquisition of Grow Network adds new capability in testing market
McGraw-Hill Education
McGraw-Hill Education Financial Services Information and Media Services
Financial Services
Record performance in 3Q 2004
Record performance in 3Q 2004
Structured finance: A global driver
Structured finance: A global driver
2004 has seen a shift in mix of RMBS issuance
Trends in U.S. debt market
Trends in U.S. debt market
Trends in corporate issuance
Expansion of S&P School Evaluation Services
Assets under management in ETFs continue to grow
Continuing to add products and customers to index services
Continuing to add products and customers to index services
Global research settlement starting to produce incremental revenue
Non-settlement firms are selecting S&P as equity research provider
Acquisition of Capital IQ
Acquisition of Capital IQ
Regulatory issues and the rating agencies
Regulatory issues and the rating agencies
Regulatory issues and the rating agencies
Financial Services
McGraw-Hill Education Financial Services Information and Media Services
Information and Media Services
Growth at Broadcasting
Improvement at Business-to-Business Group
BusinessWeek’s outlook
BusinessWeek’s outlook
Strengthening our construction vertical
Improvement at B2B verticals
Information and Media Services
Outlook for The McGraw-Hill Companies
Robert J. Bahash Executive Vice President and Chief Financial Officer The McGraw-Hill Companies
Strong financial position
Stepping up the pace of repurchasing shares
Board of Directors approved increase in quarterly common stock dividend
New investments
Impact of acquisitions on EPS
Pre-publication investments
CapEx for property and equipment
Additions to technology projects
Corporate expense
Declining interest expense
Non-cash charges
Non-cash charges
Non-cash charges
3Q 2004 Earnings Call
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