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How S&P Global Platts Generates Revenue

spglobal.com/commodityinsights

Commodity Pricing.
Analytics.
Industry Insights.

S&P Global Platts is the leading independent provider of information and benchmark prices for the energy and commodity markets. With more than a century of business experience, S&P Global Platts provides the insights that enable its customers to make better-informed trading and business decisions. Customers in more than 150 countries look to S&P Global Platts expertise in news, pricing, and analytics to deliver transparency and efficiency to markets. S&P Global Platts coverage includes oil and natural gas, power, petrochemicals, metals, agriculture, and shipping.

Our Focus Forward

Extending the core through innovation

Simplifying our product and platform strategy

Driving commercial transformation

How S&P Global Platts Generates Revenue

  • Subscriptions for proprietary market information (price assessments, benchmarks), market reports, real-time services, and analytics
    (subscription revenue)
  • Licensing fees from issuers of financial products, including exchanges and clearinghouses for the utilization of S&P Global Platts data (price assessments and benchmarks) and brand in derivatives contracts
    (sales usage-based royalties and subscription revenue)
  • Conferences and events across all commodity markets served by S&P Global Platts
    (non-subscription revenue)

Revenue by Type

(dollars in millions)

92%
7%
1%
92%
7%
1%
92%
7%
1%
'19
'20
'21
Subscription
$774
$809
$871
Sales usage-based royalties
60
62
66
Non-subscription
10
7
13
Total revenue
$844
$878
$950
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Revenue by Geography

(dollars in millions)

33%
67%
32%
68%
33%
67%
'19
'20
'21
U.S.
$281
$283
$310
Ex-U.S.
563
595
640
Total revenue
$844
$878
$950
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S&P Global Platts provides news, pricing, and analytics to deliver transparency and efficiency to commodity and energy markets

Petroleum is an Important Segment for S&P Global Platts, with Market-Leading Positions in Other Key Segments

Revenue Mix

(dollars in millions)

'17
'18
'19
'20
'21
Shipping*
–
–
–
$39
$43
Petroleum
$539
$565
$582
$556
$591
Power & Gas
140
146
156
170
190
Petrochemicals
39
43
44
47
55
Metals & Agriculture
56
60
63
66
71
Total Platts
$774
$815
$845
$877
$950

* S&P Global Platts began reporting Shipping as an separate revenue category in 1Q 2021; 2020 revenue recast; prior years not recast

Details may not sum to total due to rounding

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Revenue Growth in Global Trading Services

Global Trading Services Revenue

(dollars in millions)

'17
'18
'19
'20
'21
$61
$58
$64
$66
$70

S&P Global Platts Serves Customers from Upstream to Downstream

Revenue by Customer Segment  

’21

S&P Global Platts is the Company’s most global business, with approximately 67% of its revenue from outside the U.S.

Note:

2019 results reflect the acquisitions of Canadian Enerdata Ltd. and Live Rice Index and the divestiture of RigData