Form 8-K
8-K — S&P Global Inc.
Accession: 0001104659-26-058908
Filed: 2026-05-12
Period: 2026-05-12
CIK: 0000064040
SIC: 7320 (SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — tm2613574d2_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2613574d2_ex99-1.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
May 12, 2026
S&P Global
Inc.
(Exact Name of Registrant as specified in its charter)
New York
1-1023
13-1026995
(State or other jurisdiction
of incorporation or organization)
(Commission
File No.)
(IRS Employer
Identification No.)
55 Water Street, New York, New
York 10041
(Address of Principal Executive Offices) (Zip Code)
(212) 438-1000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of Exchange on which registered
Common stock (par value $1.00 per share)
SPGI
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. Regulation FD Disclosure
On May 12, 2026, S&P Global Inc.’s Mobility division
(“Mobility Global”) will host its previously announced Investor Day in connection with the planned separation of Mobility
Global into an independent, public company, Mobility Global Inc. A copy of the investor presentation to be used in connection with this
meeting is furnished hereto as Exhibit 99.1.
The information contained in this Item 7.01, including Exhibit 99.1
attached hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this report shall not
be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933,
as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
Mobility Global’s Investor Presentation dated May 12, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL
document)
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Dated: May 12, 2026
S&P Global Inc.
By:
/s/
Judah Bareli
Judah Bareli
Vice President, Associate General Counsel & Corporate Secretary
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2613574d2_ex99-1.htm · Sequence: 2
Exhibit 99.1
Investor Day 2026
May 12, 2026
MOBILITY GLOBAL
Welcome
Tejal Engman
Head of Investor Relations
MOBILITY GLOBAL 2
MOBILITY GLOBAL
This presentation (this “Presentation”) has been prepared solely for informational purposes from information supplied by or on behalf of Mobility Global, Inc (“Mobility”) and S&P Global, Inc (“SPGI”). None of Mobility, SPGI, or any of its subsidiaries,
stockholders, partners, members, affiliates, directors, officers, employees, advisers, representatives or agents makes any representation or warranty as to the accuracy, reliability, reasonableness or completeness of this information and shall not have any
liability whatsoever, including liability for direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including lost income or profits and opportunity costs) in connection with the use
of the information contained in, or for any omission of information from, this Presentation.
Forward-Looking Statements
This Presentation, as well as other statements made by Mobility and SPGI, contain forward-looking statements that reflect, when made, Mobility’s and SPGI’s current views with respect to current events, certain investments and acquisitions and financial
performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to Mobility’s operations and business environment, which may cause the actual results of Mobility to be materially different from any future results.
All statements that address future operating, financial or business performance or Mobility’s strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include,
but are not limited to, the following: worldwide economic, financial, political, and regulatory conditions and factors that contribute to uncertainty; the volatility and health of debt, equity, commodities, energy and automotive markets; the demand and market
for credit ratings in and across the sectors and geographies where Mobility operates; Mobility’s ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, and the potential for a
system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the
marketplace affecting Mobility’s credibility or otherwise affecting market perceptions of the integrity or utility of services; the effect of competitive products (including those incorporating artificial intelligence and pricing, including the level of success of new
product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to
integrate our products with new technologies; the introduction of competing products or technologies by other companies; our ability to protect our intellectual property from unauthorized use and infringement; our ability to attract, incentivize and retain
key employees; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe; Mobility’s exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations
that are applicable in the jurisdictions in which it operates; Mobility’s ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of Mobility’s customers or suppliers; the ability of Mobility, and its third-party service providers, to maintain adequate physical and technological infrastructure; Mobility’s ability to successfully recover from a disaster or other business continuity problem; the separation of Mobility from SPGI not being consummated within the
anticipated time period or at all; the ability of the separation of Mobility to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to Mobility’s business in connection with the proposed separation of Mobility; any loss of synergies
from separating the businesses of Mobility and SPGI that adversely impact the results of operations of both businesses; and following the separation of Mobility, the combined value of the common stock of the two publicly-traded companies not being equal
to or greater than the value of SPGI’s common stock had the separation not occurred. Additional factors are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in SPGI’s
filings with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect Mobility or SPGI. It should be remembered that the price of ordinary shares and
any income from them can go down as well as up. Mobility and SPGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required
by law.
Non-GAAP Financial Measures
This Presentation includes certain non-GAAP financial measures as defined by SEC rules. Such non-GAAP financial measures are presented as supplemental financial measurements in the evaluation of our business. We believe the presentation of these
financial measures helps investors to assess our operating performance from period to period and enhances understanding of our financial performance and highlights operational trends. Non-GAAP financial measures are widely used by investors in the
valuation, comparison, rating and investment recommendations of companies. However, such measurements may not be comparable to those of other companies in our industry, which limits their usefulness as a comparative measure. Such measures are not
required by or calculated in accordance with GAAP and should not be considered as substitutes for net income or any other measure of operating cash flow or liquidity. For a reconciliation of these non-GAAP financial measures to the most directly comparable
GAAP metrics, please see the appendix to this Presentation.
Please refer to “Definitions” at the end of this Presentation for definitions of certain non-GAAP financial measures, including Adjusted EBITDA and margin, Free Cash Flow, Free Cash Flow Conversion and Gross Leverage Ratio.
Market and Industry Data
This presentation includes market and industry data and forecasts that Mobility has derived from independent consultant reports, publicly available information, various industry publications, other published industry sources, and its internal data and
estimates. Independent consultant reports, industry publications and other published industry sources generally indicate that the information contained therein was obtained from sources believed to be reliable. Although Mobility believes that these third-party sources are reliable, it does not guarantee the accuracy or completeness of this information, and Mobility has not independently verified this information. Mobility’s internal data and estimates are based upon information obtained from trade and
business organizations and other contacts in the markets in which Mobility operates and management’s understanding of industry conditions. Although Mobility believes that such information is reliable, it has not had this information verified by any
independent sources. In addition, the information contained in this presentation is as of the date hereof (except where otherwise indicated), and Mobility has no obligation to update such information, including in the event that such information becomes
inaccurate or if estimates change. Subsequent materials may be provided by or on behalf of Mobility in its discretion and such information may supplement, modify or supersede the information in these materials. Neither Mobility, nor any of its respective
affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss or damage howsoever arising from any use of these materials or their contents or otherwise arising in connection with these materials.
All operational and financial metrics included in this Presentation reflect the period ending December 31, 2025, unless otherwise noted.
Disclaimer
3
MOBILITY GLOBAL
Agenda
4
TIME SESSION SPEAKER
08:30 – 09:30 Registration, Demos & Product Showcase
09:30 – 09:35 Welcome & Introduction Tejal Engman, Managing Director, Investor Relations
09:40 – 10:10 Strategic Vision Bill Eager, Chief Executive Officer
10:10 – 10:35 B2B Solutions Deep Dive Joe LaFeir, President Mobility Business Solutions
10:35 – 10:50 Break
10:50 – 11:15 CARFAX Deep Dive Scott Fredericks, President CARFAX
11:15 – 11:30 Data, Technology & AI Jeremy Morehouse, Head of AI Office
11:30 – 12:00 Financial Framework Matt Calderone, Chief Financial Officer
12:00 – 12:30 Q&A Session Bill Eager, Mobility Leadership Team
12:30 – 12:35 CEO Closing Bill Eager
12:35 – 02:30 Lunch & Product Demos
MOBILITY GLOBAL
MOBILITY GLOBAL 5
MOBILITY GLOBAL
Strategic Vision
Bill Eager
Chief Executive Officer
6
MOBILITY GLOBAL
To provide the trusted information that helps
billions of people build, sell, and own vehicles
with more confidence.
Our Mission
MOBILITY GLOBAL 7
MOBILITY GLOBAL 8
Three takeaways from today
Design team: Please look for images that can represent the three topics that
our CEO wants the audience to take away. Feel free to create a more
compelling design but it should be simple so that he can freely talk about
these points and people get drawn to what he says.
Enormous
market
Unmatched
assets
Clear
opportunity
MOBILITY GLOBAL
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
VISION AHEAD
COMPELLING VALUE PROPOSITION
INTRODUCTION TO MOBILITY GLOBAL
9
MOBILITY GLOBAL
Mobility Global today: Scaled industry leader
REVENUE BY SEGMENT
65%
CARFAX
35%
B2B Solutions
REVENUE BY GEOGRAPHY
83%
U.S.
17%
International
REVENUE BY CUSTOMER TYPE
TOTAL REVENUE
$1.75B
SUBSCRIPTION REVENUE
81%
20%
OEM & Supplier
62%
Dealer (B2B & CARFAX)
18%
Financial /
Consumer / Other
10
MOBILITY: OVERVIEW
MOBILITY GLOBAL
Mobility Global at a glance
FY25 BUSINESS HIGHLIGHTS
$1,485
$1,613
$1,750
2023 2024 2025
REVENUE GROWTH
8.6%
CAGR
11
8.5%
Revenue
growth
40.6%
Adj. EBITDA
Margin
100%
Top 40
OEMs
53M+
Car Care Users
40K+
Dealer
Customers
94%
Top 100
Suppliers
MOBILITY: OVERVIEW
MOBILITY GLOBAL
MOBILITY GLOBAL
Accelerating industry demand for data and intelligence
12
Mobility Global is uniquely positioned to capture that demand
Growing
demand for
data and
intelligence
$8T
Global Auto Market
90M+
New vehicles sold annually
1.5B+
Vehicles in operation globally
AFFORDABILITY
INCREASING REGULATION
RISING CONSUMER DEMAND FOR INFORMATION
GEOPOLITICS AND TARIFF VOLATILITY
SUPPLY CHAIN DISRUPTION
ELECTRIFICATION & POWERTRAIN FRAGMENTATION
SOFTWARE-DEFINED AND AUTONOMOUS VEHICLES
MARKET CONTEXT
MOBILITY: OVERVIEW
MOBILITY GLOBAL ESTIMATES, 2025
MOBILITY GLOBAL
Uniquely positioned across the entire automotive ecosystem
13
SUPPLY
MARKET
BUILD
FINANCE
SELL
PLAN
MOBILITY: ASSETS— CUSTOMER NETWORK
90M
NEW VEHICLES
ANNUALLY
NEW VEHICLE
LIFECYCLE
SHOP
BUY
SERVICE
SELL
CONSUMER
LIFECYCLE
1.5B+
VEHICLES
IN OPERATION
MOBILITY GLOBAL
Creating and shaping categories for 100 years and counting
14
Acquires Market Scan to build
pricing incentives and payment
capabilities
Launched
CARFAX National
Ad Campaign
Acquired Global
Insight (2008) and CSM
(2009) to create a
leading industry
forecasting franchise automotiveMastermind
launches Behavior Prediction
Scores (2013)
IHS acquires Polk
and CARFAX
(2013)
IHS Markit acquires
automotive Mastermind,
a market leading sales
platform for dealers (2017)
S&P Global announces
spin-off of Mobility
Global
Launched “Show Me The
CARFAX” ad campaign
Launched CAR FOX
brand mascot CARFAX
founded (1984)
Polk acquisition of CARFAX
(partially in 1993,
fully in 1999)
S&P Global acquires
IHS Markit, Mobility
is formed
Launch of CARFAX New
Car Listings
Launch of Data-as-a-Service for Dealer
Groups
Polk
established
(1870)
IHS acquires CarProof,
extending vehicle history
business to Canada
1870 1922 1984 1980s-90s 2000s 2010 2013-14 2016-19 2022-23 2023 2025
CREATING MULTIPLE
CATEGORIES
BUILDING A SCALED
INDUSTRY LEADER
ACCELERATING THROUGH AI,
DATA LEADERSHIP
Polk
established
relationship
with GM
(1922)
MOBILITY: OVERVIEW
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
VISION AHEAD
COMPELLING VALUE PROPOSITION
INTRODUCTION TO MOBILITY GLOBAL
15
MOBILITY GLOBAL
4. DEEPLY EMBEDDED IN ECOSYSTEM
Mission-critical solutions
Insights used at point of decisions
Integrated across most major workflow tools
3. UNMATCHED CUSTOMER NETWORK
Scaled access across the automotive ecosystem
Including OEMs, Suppliers, Dealers, Financial
institutions and Consumers
2. TRUSTED LEADING BRANDS
Independent, trust earned over decades
Four core strategic assets powered by AI = compounding advantage
16
1. PROPRIETARY DATA ESTATE
Vast contributing network
Proprietary analytics and tools
Continuous customer feedback loops
MOBILITY: ASSETS
MOBILITY GLOBAL
Deepest, most valuable proprietary data estate in automotive
17
Vast contributing
network of partners
6K+
Police agencies
177K
Data sources
92K+
Service Shops
Continuous customer
feedback
28M+
Vehicle history report
views monthly
~170K
Data research
inquiries in the last
year
23K
users logging into Strategy
& Planning platforms
monthly
126M+
Households modeled
Proprietary analytics and
tools
250M
VH-based valuations
215M
Behavior Prediction Scores
calculated daily
Massive,
proprietary datasets
~832M
Unique vehicles tracked
60B
Vehicle records
MOBILITY: ASSETS — DATA
>90%
Revenue from unique data, proprietary IP and analytics
UNPARALLELED DATA ESTATE ASSEMBLED OVER MANY DECADES
MOBILITY GLOBAL
Our trusted, leading brands define their categories
18
CARFAX
2021
Honda
Accord
Vehicle History Report
1 Accident Found
CARFAX 1-Owner
1 Open Recall
13 Service Records
Personal Use
Minor Severe
Damage Severity Scale
1. DERIVED FROM TENEO SURVEY OF 1,257 AUTOMOTIVEMASTERMIND CUSTOMERS IN MAY 2021
2. INTERNAL CARFAX DATA FOR THE PERIOD 2000 TO 2025. INCLUDES TRADITIONAL ADS (TV & RADIO), PAID DIGITAL MEDIA AND CLASSIFIED PARTNERS, DEALER POINT-OF-PURCHASE (POP) AND AD
PRODUCTION (DATA ONLY AVAILABLE SINCE 2015)
“Show me the
CARFAX”
90%
of Key Decision Makers
believe automotive
Mastermind is
“needed in their
dealerships”1
100 Years
of trusted data
stewardship
with Polk
30+ Years
as Market Leading
Forecast
96%
Total in-market
Awareness
85%
Car Fox mascot
Recognition
$1.5B
Media Investment
Since 20002
B2B Solutions
MOBILITY: ASSETS — BRAND
MOBILITY GLOBAL
Unmatched scale and reach across the automotive ecosystem
19
SUPPLY
94%
Top 100 Global
Automotive
Suppliers
MARKET
40K+
Dealer Network
BUILD
FINANCE
17
Of Top 20
Financial Institutions
SELL
PLAN
MOBILITY: ASSETS — CUSTOMER NETWORK
100%
Top 40 Global OEMs
NEW VEHICLE
LIFECYCLE
90M
NEW VEHICLES
ANNUALLY
SHOP
BUY
SERVICE
SELL
23M+
Monthly Unique Visitors to CARFAX
US Website and App
1.4M+
Annual
Trade-In Leads
28M+
Vehicle History Report Views
Monthly
53M+
CARFAX Car Care Consumer
Audience
CONSUMER
LIFECYCLE
1.5B+
VEHICLES
IN OPERATION
MOBILITY GLOBAL
Embedded in customer decisions and workflows
20
Planning Solutions Marketing & Sales
Solutions
CARFAX
MOBILITY: ASSETS — EMBEDDED
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
VISION AHEAD
COMPELLING VALUE PROPOSITION
INTRODUCTION TO MOBILITY GLOBAL
21
MOBILITY GLOBAL 22
Our mission
To provide the trusted information that helps
billions of people build, sell, and own vehicles
with more confidence.
MOBILITY GLOBAL
MOBILITY GLOBAL 23
Three areas of focus
Unify Mobility Global
Bring together our talent, operations,
and data into one single, powerful
foundation
Expand market position
Deepen core penetration, unlock new
solutions, and scale globally
Infuse AI everywhere
Accelerate time-to-market and drive
relentless efficiencies
MOBILITY GLOBAL
MOBILITY GLOBAL
Unifying Mobility Global
24
MOBILITY: VISION — ONE MOBILITY
• New BoD and ELT
• Central AI Desk
• ~3,500 highly talented people
• Award winning culture
World-class team
One team, one mission
Commercial engine
• Shared customer view
• Harmonized go-to-market
• Optimized customer value
• Leveraged global footprint
Growth platform
Streamlined operations
• Consolidated teams
• Standardized workflows
• Integrated systems
• Central Data Ops & IT
Efficient setup
MOBILITY GLOBAL
MOBILITY GLOBAL
Infusing AI everywhere to accelerate growth and drive efficiency
25
• Automated core workflows
• 10-15% accelerated engineering
velocity
Drive
productivity
Amplify data
signals
Supercharge
core revenue
• Optimized data estate
• High-value data extraction
• 3.8B more signals
• AI-embedded existing solutions
• Faster, smarter products
• 215M daily prediction scores
Pioneer
AI-native solutions
• Purpose-built agentic tools
• Autonomous decision execution
• High-value new use cases
Exponential efficiency Amplified intelligence Next-generation
innovation
MOBILITY: VISION — AI EVERYWHERE
Strengthen leadership
position
MOBILITY GLOBAL
Expanding market position through three growth vectors
26
International
Extend our proven,
highly profitable U.S. capabilities
Leverage localized data
to replicate our standard of trust
globally
Core Growth
Deepen penetration
and increase share of wallet
Cross-sell
Across existing segments
Fully monetize
data and audiences
New Solutions
Deploy predictive
intelligence
for smarter decisions
Expand insights
from growing Data Estate
Unlock new markets
through adjacent product launches
Building on the One Mobility Global foundation
+ +
MOBILITY: VISION—GROWTH
MOBILITY GLOBAL
Growth vectors unlocking a $78B TAM opportunity
$78B
2025 TAM
TAM Breakdown
EXTENDED
$26B
Digital Ads
Sell My Car
Data Studio
Procurement Intelligence
Internationalization
27
13%
SHARE OF CORE
$14B
CORE TAM
$40B
CORE + EXTENDED TAM
ADJACENT
$38B
Aftermarket services
P&C claims & repair
Engineering, cost solutions
CORE
$14B
Vehicle History
Service Loyalty
Car Listings
OEM & Dealer Marketing Solutions
Vehicle Forecasting, Supply Chain & Tech
MOBILITY: VISION—GROWTH PLATFORM
Already in-flight priorities address $40B core + extended TAM
ALL FIGURES AND METRICS AS OF 2025 ESTIMATES FROM INDEPENDENT THIRD-PARTY CONSULTING FIRM; ESTIMATED BASED ON MIDPOINT OF RANGES PROVIDED
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
VISION AHEAD
COMPELLING VALUE PROPOSITION
INTRODUCTION TO MOBILITY GLOBAL
28
MOBILITY GLOBAL
A compelling investment
29
A massive, expanding market Category-defining data intelligence
and brands
Indispensable value to customers + compounding returns for investors
OPERATING IN … LEADING WITH …
RIGHT TEAM AND SETUP TO EXECUTE
WITH FOCUS …
Unify Mobility Global
Infuse AI everywhere
Expand market position
MOBILITY: VALUE PROPOSITION
MOBILITY GLOBAL
MOBILITY GLOBAL
Framework for investor value creation
1. PERCENTAGE OF FREE CASH FLOW FOR CAPITAL RETURN CONSIDERS FREE CASH FLOW AFTER INVESTMENTS (DEFINED AS FREE CASH FLOW MINUS ACQUISITIONS) 30
Margin
Expansion
Compounding
EBITDA Growth
Dividend
Distributor
M&A as an
Accelerant
Consistent
Capital Returns
Predictable Organic
Revenue Growth
7.5-10%
annually
20-25%
of GAAP
net income
75%+
of FCF returned
annually(1)
Additional
capacity while
maintaining
IG rating
8-11%
Adj. EBITDA growth
MOBILITY: VALUE PROPOSITION
+50bps
annually after
standalone reset
MOBILITY GLOBAL
B2B Solutions
Joe LaFeir
President, Mobility Business Solutions
31
MOBILITY GLOBAL
Change background color → Right click → Format Background → Fill → Solid Fill → Color → Select color
100 Years of Trust
Embedded in the Decisions that Matter
32
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
KEY GROWTH DRIVERS
INTRODUCTION TO B2B SOLUTIONS
33
MOBILITY GLOBAL
Diversified, resilient and subscription-led revenue
REVENUE BY TYPE
82%
Subscription
18%
Transactional
REVENUE BY GEOGRAPHY
79%
United States
21%
International
REVENUE BY BUSINESS LINE
34
B2B: OVERVIEW
FY25 REVENUE BREAKDOWN
B2B REVENUE
$608M
74%
Marketing & Sales
26%
Strategy & Planning
MOBILITY GLOBAL
B2B Solutions at a glance
REVENUE GROWTH
$557 $574
$608
2023 2024 2025
4.5%
CAGR
35
FY25 BUSINESS HIGHLIGHTS
100%
Top 40 Global
OEMs
13B+
Transaction
Records
832M
VINs Tracked
99%
Global Vehicle
Production Covered
B2B: OVERVIEW
~
MOBILITY GLOBAL
MOBILITY GLOBAL
Leading positions across the new vehicle lifecycle
SHOP
BUY
SERVICE
SELL
23M+
Monthly Unique Visitors to CARFAX
US Website and App
1.4M+
Annual
Trade-In Leads
28M+
Vehicle History Report Views
Monthly
53M+
CARFAX Car Care Consumer
Audience
SUPPLY
94%
Top 100 Global
Automotive Suppliers
MARKET
40K+
Dealer Network
BUILD
FINANCE
17
Of Top 20
Financial Institutions
SELL
PLAN
1.5B+
VEHICLES
IN OPERATION
100%
Top 40 Global OEMs
CONSUMER
LIFECYCLE
NEW VEHICLE
LIFECYCLE
90M
NEW VEHICLES
ANNUALLY
B2B: OVERVIEW
36
MOBILITY GLOBAL
Planning & Strategy
What will be built, sold and invested in
5 to 15+ years out
• Every question that moves capital
• The industry’s forecast and decision layer
Marketing & Sales
Who is buying, what model, from whom,
at what price – today
• Performance + Audiences + Pricing +
AI-driven selling in one single stack
• Closed-loop from audience to activation
The intelligence backbone of global automotive
Powering where the industry plans, markets and sells
B2B: OVERVIEW
37
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
KEY GROWTH DRIVERS
INTRODUCTION TO B2B SOLUTIONS
38
MOBILITY GLOBAL
4. DEEPLY EMBEDDED IN ECOSYSTEM
Embedded in OEM production planning, allocation and
supply chain scenario modeling
Insights used at point of decisions
Four core strategic assets, powered by AI
39
3. UNMATCHED CUSTOMER NETWORK
Nearly every global OEM and
tier 1 supplier
Thousands of dealers
2. TRUSTED LEADING BRANDS
Polk industry benchmark since 1920
Deep human expertise
1. PROPRIETARY DATA ESTATE
832M unique vehicles tracked across the
global parc
126M US households modeled for purchase
prediction
B2B: ASSETS
MOBILITY GLOBAL
Unmatched breadth and depth of data
40
B2B: ASSETS—DATA
>90% Revenue from unique data, proprietary IP and analytics
Strategy & Planning Marketing & Sales
SEGMENT
COVERAGE
Light vehicle
Medium heavy commercial
Powertrain
Components / supply chain
Global vehicle registrations
Global PARC
BREADTH OF
COVERAGE
HOUSEHOLD AND
CONSUMER DATA
Household Demographics
Current State
Loyalty
Garage Data
TRANSACTIONAL DATA
Pricing and
Transaction Details
VEHICLE DATA
VIN-spec
Mileage
Incentive
Service
Inventory
~9B+
New & Used Vehicle
records
832M
Unique VINs Tracked
126M
Households
4B+
Household Records
30 years
Ownership Data
19B+
New Vehicle Pricing
and Incentive Records
13B+
Transaction Records
DEPTH OF
COVERAGE
145+
Markets Covered
99%
of Global Production
Covered
400+
Sales Brands Covered
2,900+
Supplier Plant Locations
Across
80+ Countries
80M+
Rows of Actively
Covered Vehicle Data
85K+
Vehicle variants
4,400+
Suppliers
>60% of Value
2,000+
Vehicle Attributes
990+
Vehicle Production Plants
Across 50+ Countries
200+
Engine Manufacturers
MOBILITY GLOBAL
Trusted brands and leading expertise = industry gold standard
41
B2B: ASSETS—BRAND
90%
of key decision makers believe
automotiveMastermind is “needed in
their dealership” (1)
100 Years
of trusted data stewardship
with Polk
30+ Years
as market leading forecast
Trust and engagement with key decision makers
145+
countries covered
globally
Industry Leading Experts
REFERENCE FOR PUBLICATIONS
REFERENCE OF THE INDUSTRY — WHENEVER THEY MAKE CLAIMS
"47 years as best-selling truck" “96% still on the road”
“Winner of 2026 Loyalty
Awards”
“America’s all time best-selling SUV”
“Highest brand loyalty in
the industry”
“America’s best-selling
brand for 4x4”
“#1 in Lease/Rental”
“America’s best-selling
sports car ”
Thousands of touch points with and between industry leaders around the globe
1. DERIVED FROM TENEO SURVEY OF 1,257 AUTOMOTIVEMASTERMIND CUSTOMERS IN MAY 2021
MOBILITY GLOBAL
Powerful network effects from a scaled data moat
42
FOOTER
100%
Usage by Top
40 Global OEMs
90%
of Industry Volume
developed with our data
94%
Usage by Top 100
Automotive Suppliers
100%
Usage by Top 40
Automotive Suppliers
11K
US Dealers use B2B Solutions
OEM Network Supplier
Network
Dealers
B2B: ASSETS—CUSTOMER NETWORK
1. Independent View
2. Industry Point of Reference
3. High Value Interactions
4. Bidirectional
Communication
MOBILITY GLOBAL 43
Deeply embedded in the automotive ecosystem
Planning Selling Post-sell
B2B: ASSETS—EMBEDDED
Cycle + Capacity Planning
Most OEM (100% of Top 40)
Suppliers (94% of Top 100)
Tender Bidding
Hundreds of suppliers
Financial Modelling
Leading F&I, captives and
Professional Services
Regulatory Modelling
Many Government agencies
in the U.S. and International
Sales Operations
Most OEM 90% Dealer Groups
Market Activation
Most U.S. Dealerships
Digital Media
9 out of 10 media platforms
Payments
Major payment provider
Fitments and ACES
Major Parts and aftersales players
Financial Institutions
Transunion, Verisk, LexisNexis etc.
DMV
Registrations of vehicles
Recall
All major OEMs
Wired into auto operations
Down to the level of customer specific definitions of segments, variants, competitors, territories, …
MOBILITY GLOBAL
Agenda
CORE STRATEGIC ASSETS
KEY GROWTH DRIVERS
INTRODUCTION TO B2B SOLUTIONS
44
MOBILITY GLOBAL
Powerful secular trends driving demand
45
Marketing & Sales
OEMs + Dealers
Strategy & Planning
OEMs + Suppliers
Affordability crisis Increase in incentives Loyalty is harder to defend
Powertrain shifts
and compliance
Tariffs and supply
chain volatility
Cycles compressing Vehicle complexity
exploding
MOBILITY GLOBAL
B2B: GROWTH
MOBILITY GLOBAL
B2B: GROWTH
ADJACENT Engineering
Cost solutions
ADJACENT Dealer workflows
CDP
EXTENDED
Data Studio
Canada, Europe, Australia
Finance & Insurance
EXTENDED
Procurement intelligence
Scenario modeling
Further penetration
China, India
Serving a growing $18B TAM
Strategy & Planning Marketing & Sales
CORE
Vehicle forecasting
Supply Chain and Tech
Powertrain intelligence
Aftermarket management
B2B Solutions TAM
46
$18B
2025 TAM
$6B
CORE TAM
10%
SHARE OF CORE
$14B
CORE + EXTENDED TAM
ALL FIGURES AND METRICS AS OF 2025 ESTIMATES FROM INDEPENDENT THIRD-PARTY CONSULTING FIRM; ESTIMATED BASED ON MIDPOINT OF RANGES PROVIDED
CORE
Market reporting
Market Scan
Audience & Measurement
automotiveMastermind
MOBILITY GLOBAL
Strong growth opportunities on the B2B roadmap
47
International Expansion
China
Grow with OEMs domestically and as they
internationalize
India
Develop and deepen presence
EU, Canada, and Australia
Marketing & Sales expansion
Core Growth
Adoption Growth
Across OEMs, suppliers and dealers
Increase Module Attach
Strengthen platform
automotiveMastermind
Deployed in mass-market dealers
and with Enterprise EyeQ
New AI-Driven Products
AI FAST Platform
Enhance planning solutions
Data Studio
Including pricing analytics and predictive
market response modeling
One Mobility Global
Intersection of OEMs and Dealers CARFAX Data Sets Strategic Partnerships
+ +
$14B TAM IN B2B (CORE + EXTENDED)1
1. ALL FIGURES AND METRICS AS OF 2025 ESTIMATES FROM INDEPENDENT THIRD-PARTY CONSULTING FIRM; ESTIMATED BASED ON MIDPOINT OF RANGES PROVIDED
B2B: GROWTH
MOBILITY GLOBAL
automotiveMastermind AI-powered Behavior Prediction Scores
automotiveMastermind: Predicting and converting the next buyer
215 Million
Behavior Prediction Scores calculated
every day
BPS scores are automatically embedded in dealer processes - from
audience to personalized messages and targeted offerings
WHO
is in market?
WHEN
will they purchase?
WHAT
vehicle do they want
to buy?
HOW
will they transact?
56k+
Sales professionals depend
on automotive Mastermind1
10%
Increase in customer loyalty2
14X
Average ROI
In 20253
650K
Attributed vehicle sales
in 20253
48
B2B: GROWTH—CORE EXAMPLE
94
53
1. B2B SOLUTIONS INTERNAL DATA
2. AUTOMOTIVE INSIGHTS, NORTH AMERICAN INDUSTRY PERFORMANCE REPORTS, JAN.2017 – SEPT. 2022
3. AUTOMOTIVEMASTERMIND PERFORMANCE INSIGHTS REPORT, 2025
MOBILITY GLOBAL
FAST: Conquering planning complexity with AI
85K+
Vehicle Variants Assessed
Seamlessly
FAST enables rapid scenario modeling, allowing users to stress-test
assumptions and instantly see impacts on production, sales, and
market outlooks
FAST
AI-powered Forecasting and
Simulation Tool
49
B2B: GROWTH—NEW SOLUTIONS EXAMPLE
Extremely manual
workflows
Slow planning cycles
Disconnected
processes
Non-repeatable
outputs
High “insight
assembly”
burden
80%
Time Savings
$100k+
Customer productivity gain per
planner per year
90%
Automation Rate possible
4x
Improved Planning and
Forecasting Quality
40+
Years of experience with forecast
algorithms
BASED ON INTERNAL DATA AND INDUSTRY RESEARCH (MCKINSEY, DELOITTE, IBM)
MOBILITY GLOBAL
Data Studio unites users and data in a secure Tierless environment, delivering
AI-ready data services, robust analytics, and audience activation
Data Studio: Turning data misalignment into opportunity
50
Complex Relationships Aligned Processes
Improve Analytics
Identify Actionable
Market Opportunities
Optimize Incentive Spend
Reduce Friction Across
Tiers
Aggregated Data
Cleansing
Enrichment
Analysis
Business Rules
1
st Party Data
Proprietary
3
rd Party Data
Advanced
Machine
Learning
Private Offers
(Enterprise EyeQ)
Behavior Prediction Score Pricing Analytics Data-as-a-Service Market Response
Modeling
Future Solutions
10+%
Sales Lift
40%
Higher close rate
10%
Reduction in Incentives
B2B: GROWTH—NEW SOLUTIONS EXAMPLE
ENTERPRISE PLATFORM WITH 360º VIEW
BASED ON INTERNAL DATA AND CASE STUDIES ACROSS MULTIPLE OEMS
MOBILITY GLOBAL
Trusted by Sector Leaders
100% Usage by Top 40 OEMs
94% Usage by Top 100 Suppliers
Embedded in all top suppliers,
OEMs and dealers enables growing module
attach
Proven Financial Model
$600M+ Revenue
82% Subscription Revenue
Acceleration with AI
215M Behavior Prediction Scores
Generated Daily
AI embedded across with FAST
and Data Studio, with rapid
adoption based on strong ROI
New Growth Opportunities
10% of a $6B Core Market1
International expansion
AI-native predictive insights to manage
supply chains and identify buyers
B2B: Industry leadership and accelerating growth with AI
51
B2B: SUMMARY
1. ALL FIGURES AND METRICS AS OF 2025 ESTIMATES FROM INDEPENDENT THIRD-PARTY CONSULTING FIRM; ESTIMATED BASED ON MIDPOINT OF RANGES PROVIDED
Change background color → Right click → Format Background → Fill → Solid Fill → Color → Select color
MOBILITY GLOBAL
BREAK
52
MOBILITY GLOBAL
MOBILITY GLOBAL 53
MOBILITY GLOBAL
CARFAX
Scott Fredericks
President, CARFAX
54
MOBILITY GLOBAL
People have questions at every stage of the Consumer Lifecycle.
CARFAX has answers they trust.
55
Am I leaving money on
the table?
Which cars are a
good deal?
What’s about
to break?
What's this car's
history?
BUY
SERVICE
SHOP
SELL
MOBILITY GLOBAL
CORE STRATEGIC ASSETS
KEY GROWTH DRIVERS
INTRODUCTION TO CARFAX
Agenda
56
MOBILITY GLOBAL
Diversified, resilient and subscription-led revenue
REVENUE BY TYPE
81%
Subscription
19%
Transactional
REVENUE BY GEOGRAPHY
85%
United States
15%
International
REVENUE BY PRODUCT & INTERNATIONAL
38%
Advantage
22%
Listings
26%
Financial / Consumer /
Other
57
1. PERCENTAGES MAY NOT SUM TO 100% DUE TO ROUNDING
15%
International
CARFAX: OVERVIEW
FY25 REVENUE BREAKDOWN1
CARFAX REVENUE
$1,142M
MOBILITY GLOBAL
$928
$1,039 $1,142
2023 2024 2025
CARFAX at a glance
REVENUE GROWTH
~11%
CAGR
58
96%
Total in-market
awareness
38B+
Vehicle history
records
40K+
Dealer
customers
53M+
Car Care customers
FY25 BUSINESS HIGHLIGHTS
CARFAX: OVERVIEW
MOBILITY GLOBAL
MOBILITY GLOBAL
Leading positions across the consumer lifecycle
59
SHOP
BUY
SERVICE
SELL
23M+
Monthly Unique Visitors to CARFAX
US Website and App
1.4M+
Annual
Trade-In Leads
28M+
Vehicle History Report Views
Monthly
53M+
CARFAX Car Care Consumer
Audience
SUPPLY
94%
Top 100 Global
Automotive Suppliers
MARKET
40K+
Dealer Network
BUILD
FINANCE
17
Of Top 20
Financial Institutions
SELL
PLAN
1.5B+
VEHICLES
IN OPERATION
100%
Top 40 Global OEMS
CONSUMER
LIFECYCLE
NEW VEHICLE
LIFECYCLE
90M
NEW VEHICLES
ANNUALLY
CARFAX: OVERVIEW
MOBILITY GLOBAL
International opportunities to
expand in Canada, Europe and
beyond
Core strategic assets powering continuous product innovation
+ New Solutions
60
CARFAX: OVERVIEW
Car Listings
2014 launch
Car Care
2019 launch
Showroom Listings
Service Marketing
Coordination
Predictive Reliability
‘Sell My Car’
Vehicle History
Reports
1984 launch
MOBILITY GLOBAL
CORE STRATEGIC ASSETS
KEY GROWTH DRIVERS
INTRODUCTION TO CARFAX
Agenda
61
MOBILITY GLOBAL
4. DEEPLY EMBEDDED IN ECOSYSTEM
"Show me the CARFAX”
Dealers show consumers CARFAX
reports 28M+ times a month
Four core strategic assets, powered by AI
62
3. UNMATCHED CUSTOMER NETWORK
95 dealer workflow tool integrations
Essential solutions deeply embedded
in customer workflows
2. TRUSTED LEADING BRANDS
96% total in-market awareness
85% mascot recognition
1. PROPRIETARY DATA ESTATE
38B vehicle history records
177K+ data sources
Unrivaled data + a self-reinforcing network
CARFAX: ASSETS
MOBILITY GLOBAL
Unique data and proprietary IP built over forty years
1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023
10K 500M
3B
8B
12B
15B
18B
21B
23B
4B
26B
38B
VH
Records
33B
38+ BILLION Vehicle History Records
177,000+ Data Sources
92,000+ Service Shops
6,300+ Police Agencies
DRIVE TO INCREASE TRANSPARENCY
2026
>90%
Revenue from unique
data, proprietary
IP and analytics
63
CARFAX: ASSETS—DATA
MOBILITY GLOBAL
Every participant contributes data.
A self-reinforcing network built over decades
DEALERS & SERVICE SHOPS
92K+ partners
Contribute service history.
Get branded exposure
POLICE & GOVT. AGENCIES
6.3K agencies
Contribute accident data.
Get investigation tools
CONSUMERS
53M+ Car Care
54M Website visits1
Contribute engagement.
Get free history and alerts
OEM CERTIFIED PRE-OWNED
36 OEM programs
Have CARFAX on every CPO
MARKETING & DEALER WORKFLOW PARTNERS
140+ Marketing partners
95 Workflow tool integrations
Distribute CARFAX. Get the data dealers need
64
CARFAX: ASSETS—DATA
CARFAX
Data Estate
177K+
Sources
38B+
Records
6M+
Added Daily
Every participant gets value in return.
~
1. SEMRUSH, AS OF FEBRUARY 2026
MOBILITY GLOBAL
Trusted, iconic brand with unmatched reach
96%
TOTAL IN-MARKET
AWARENESS
85%
“CAR FOX” MASCOT
RECOGNITION
53M+
CAR CARE
AUDIENCE
54M
SEMRUSH
REPORTED VISITS1
#1
MOST VISITED
AUTOMOTIVE
WEBSITE (US)1
65
1
~
CARFAX: ASSETS—BRAND
1. SEMRUSH, AS OF FEBRUARY 2026
MOBILITY GLOBAL
Deeply embedded in customer workflows
Dealer: 95 Integrations Financial: 17 of Top 20 Integrations
OEM CPO: 36 Integrations
66
95 workflow tool integrations. 140+ marketing partners.
Embedded across the automotive ecosystem
CARFAX: ASSETS—CUSTOMER NETWORK
CARFAX INTERNAL PARTNER DATA AS OF APRIL 2026.
MOBILITY GLOBAL
“Show me the CARFAX”
Consumers Pull
CARFAX from dealers
Find right car at right price
Purchase with confidence
Avoid cars with costly
hidden problems
Dealers Push to provide
CARFAX to consumers
Acquire the right cars consumers want
Build consumer confidence in dealership and
inventory
Stand out from the crowd with
CARFAX Point-of-Purchase materials
CARFAX => Transparency => Confidence = More transactions
Consumer pull powersstrong dealer monetization
1. COMPANY DATA, SOURCED THROUGH A THIRD PARTY SURVEY AS OF YEAR-END 2024
2. BASED ON MONTHLY AVERAGE DEALER USAGE IN 2025
~2M
Number of times per month consumers walk into dealerships and say
“Show me the CARFAX”1
28M+
Number of times per month dealers show CARFAX to consumers via free linked
CARFAX reports online and in theirshowroom2
“Show me
the
CARFAX!"
Show them
the CARFAX!
67
CARFAX: ASSETS—EMBEDDED
MOBILITY GLOBAL
CARFAX delivers proven value
10-15x ROI1 Better Decisions Greater Confidence
Dealers
29% More service visits
39% More loyal customers
~9% Faster inventory turn1
~5% More gross profit1
Financial Institutions
~50% Loan default risk reduction
Faster Fraud Detection
More accurate loan underwriting
Consumers
92% VHR CSAT
Avoid costly hidden problems
Maximize resale value
1. CARFAX 2023 ECONOMIC MODEL OF ADVANTAGE STUDY 68
CARFAX: ASSETS
MOBILITY GLOBAL
CORE STRATEGIC ASSETS
KEY GROWTH DRIVERS
INTRODUCTION TO CARFAX
Agenda
69
MOBILITY GLOBAL
Secular trends make CARFAX more essential
HIGHER STAKES = MORE CARFAX
More reports pulled More service records
More Car Care relationships
More dealer subscriptions More lending decisions
Vehicles are staying on the road for longer1 Rising New and Used Vehicle Prices1
10.0 10.7 11.2 12.0 12.5
2010 2015 2020 2025 2030
US Average Vehicle Age (years)
NEW CAR $53,192
USED CAR $28,377
Both at or near all-time highs
$
All-Time High
12YRS
70
1. MOBILITY GLOBAL INTERNATIONAL MARKET REPORTING (IMR) AND CARFAX LISTINGS DATA, 2025
CARFAX: GROWTH
MOBILITY GLOBAL
Serving a growing $60B TAM
$60B
2025 TAM
TAM Breakdown
EXTENDED
$18B
Digital Ads
Sell My Car
Internationalization
71
15%
SHARE OF CORE
$8B
CORE TAM
ALL FIGURES AND METRICS AS OF 2025 ESTIMATES FROM INDEPENDENT THIRD-PARTY CONSULTING FIRM; ESTIMATED BASED ON MIDPOINT OF RANGES PROVIDED
$26B
CORE + EXTENDED TAM
ADJACENT
$34B
Aftermarket services
P&C claims & repair
Shop management
F&I marketing
CORE
$8B
Vehicle History
Car Listings
Car Care
Banking and Insurance
US, CA, IT, ES, PL
CARFAX: GROWTH
MOBILITY GLOBAL
Key growth vectors
72
International Expansion
Canada
Continue to roll out CARFAX solutions
including Car Care
and Listings
Europe
Continue to add geographies including
Germany and France
Core Growth
Higher adoption and retention
Across all solutions
Value capture
Grows with vehicle values and richness of
report –
e.g. Future Reliability
Upsells
Dealer Lifetime Program
One Mobility Global
B2B Datasets Market Scan Behavior Prediction Scores
+ +
$26B TAM (Core & Extended)1
CARFAX: GROWTH
1. ALL FIGURES AND METRICS AS OF 2025 ESTIMATES FROM INDEPENDENT THIRD-PARTY CONSULTING FIRM; ESTIMATED BASED ON MIDPOINT OF RANGES PROVIDED
New Solutions
Service Marketing Coordination
Dealers reduce wasted
marketing spend
Sell My Car
Dealers buy cars from service customers
Showroom Listings
Increased reach to in-market shoppers
MOBILITY GLOBAL
Lifetime Dealer Program: Increasing customer LTV
293
Monthly volume of Car
Care users' cars being
serviced by average
Lifetime Dealer
14
OEMs allow Co-op
dollars to be used for
Lifetime Dealer
Program
19ppt
Lift in Return for
Service in Year 1
1,600
Dealers sign ups
since Q4'25
Low Service
Retention
Lack of quality used
inventory
OEM/Brand
defection
Lack of
Marketing funds Higher OEM Brand
Loyalty
16ppt
Solving Driving
19ppt1
Lift in Return for Service in
Year 1
293
Monthly volume of Car Care
users' cars being serviced
by average Lifetime Dealer
16ppt
Higher OEM Brand Loyalty
14
OEMs allow Co-op dollars to
be used
73
SHOP
BUY
SERVICE
SELL
CAR LISTINGS
VEHICLE
HISTORY
CAR CARE
SERVICE MARKETING COORDINATION
SELL
MY CAR
CARFAX: GROWTH—CORE EXAMPLE
1. RETURN RATES CALCULATED AS % OF NEW CARS SOLD THAT RETURN FOR AT LEAST 1 SERVICE VISIT AT SELLING DEALER WITHIN 12 AND 24 MONTHS OF SELLING DATE AMONGST CUSTOMERS WHO WERE ON-BOARDED
TO THE CARFAX CAR CARE PROGRAM WITHIN 90 DAYS OF PURCHASE DATE
MOBILITY GLOBAL
Expanding from vehicle history to reliability
74
CARFAX: GROWTH—CORE EXAMPLE
MOBILITY GLOBAL
The international opportunity: Massive whitespace
FY25 Vehicles in Operation by Region1
US
~292M
CANADA
~28M EMEA
~506M
APAC
~612M
75
CARFAX: GROWTH—INTERNATIONAL EXAMPLE
1. MOBILITY GLOBAL INTERNATIONAL MARKET REPORTING (IMR) DATA
MOBILITY GLOBAL
Key Differentiators
96% Total in-market awareness
38B+ Vehicle history records
40K+ Dealer customers
53M+ Car Care Customers
Proven Financial Model
$1B+ Revenue
81% Subscription Revenue
International Expansion
International expansion in
Canada, France, Germany and
other markets
Core + New Solutions
Lifetime Dealer Program
Future Reliability
Sell My Car
+ more
CARFAX: Built Over 40 Years. Just Getting Started.
76
CARFAX: SUMMARY
MOBILITY GLOBAL
Data, Technology & AI
Jeremy Morehouse
Head of AI Office
MOBILITY GLOBAL 77
MOBILITY GLOBAL
Ever increasing customer need for data
78
Consumers
LLM-based search to find affordable vehicles
without surprises …
Dealers
Intelligent solutions that convert leads more
quickly and drive margin …
OEM/Suppliers
Technology that enables smarter
planning and supply decisions in real-time …
F&I
VIN-level intelligence with reliable
signals for more informed underwriting
AI is exploding
demand
for our data
DATA/TECH/AI: OVERVIEW
MOBILITY GLOBAL 79
Bringing intelligent data to customers
Unique proprietary data
Our advantage
• 177K+ contributory sources
• VIN-level, precise and current
• Not in public domain
• 40+ years longitudinal history
• Predictive power from breadth
DATA/TECH/AI: OVERVIEW
MOBILITY GLOBAL
Accelerated Innovation in Production
Leading AI capabilities built over nearly a decade...
and just getting started
80
Over 100 dedicated data scientists
and AI experts
DATA/TECH/AI: OVERVIEW
2019 2020 2021 2022 2023 2024 2025 2026
First Neural Network
Model
First Computer Vision
model for
unstructured data
First models for
data quality
Models for Sales
Forecasting
Models for
Audience Creation
Scaled Computer
Vision Program
Enhanced multi-service models
Early Chat Interaction
Pilots
Nvidia-based AIOps
platform
AI-powered risk score
Data and AI/ML team
formally established
AI-ready data sets
Spark Plug launch
Spark Assist launch
AI Consumer Market
Predictions
Personalized
Recommendations
VHR Video
MCP Listings
Model Health Initiative
AI-Powered ODO
Estimations
FAST Initiatives
Multiple Process
Modernization
Initiatives
Market Response Model
AI-First Platforms
Launched
Foundational AI Investments Early Gen AI Innovation
Advanced NLP Decoding
Enhanced
Reliability
Standardized ML flow
and orchestration
AI-Powered VHR Videos
NLP CCL Search Testing
AI Productivity CoE
NITRO PDLC Tool
Agentic Engineering
Initiatives
2027+
MOBILITY GLOBAL
Four AI engines driving growth and productivity
Productivity &
Efficiency
Developer velocity,
workflow automation,
operating leverage
Data Amplification
Advanced signal
extraction from more
complex sources
Core Product
Supercharge
AI embedded in all core
products with encoded
domain expertise
New Growth
Opportunities
AI-native products with
predictive insights, agentic
monetization
1
2
3
4
DATA/TECH/AI: AI ENGINES
81
Our capabilities are growing
exponentially with AI
MOBILITY GLOBAL
AI-based productivity scaling operating leverage
82
• AI resolves most inbound chats/emails
• Humans focus on complex cases; faster
resolution
84%
Customer Ops Efficiency
• Accelerated engineering velocity across our
divisions
• AI embedded in coding + review
10-15%
Engineering & Ops
• Enhanced AI customer support
• All channels including phone
• Agentic engineering
• Policy-Aware AI for compliance
In production
at scale
Being developed
DATA/TECH/AI: AI ENGINES—PRODUCTIVITY
Examples of recent and continuing enhancements
MOBILITY GLOBAL
Extracting more signal for customers via AI
Data amplification enabled
83
Example: AI Car Fox delivering enriched, accurate and up-to-date reports
DATA/TECH/AI: AI ENGINES—AMPLIFICATION
Enrich / Decode
NLP / DocAI / Image / etc.
<2
hour turnaround
3.8B
decoded records
99.5%
accuracy
Ingest
Raw Records
Lineage / drift / gaps
> 177k
Sources
60B
Vehicle records
Low cost
AI Car Fox
AI real-time rendering
28M
vehicle history
report views monthly
MOBILITY GLOBAL 84
Supercharging products with compounding intelligence
Core Product Supercharge
DATA/TECH/AI: AI ENGINES—PRODUCT SUPERCHARGE
Example: Market Response Model simulates incentive spend scenarios for OEMs
Models
Forecasts,
Scores
Predictions / recs
Reliability
Behavior
Prediction Score
Market
response model
Enrich / Decode
NLP / DocAI/ Image / etc.
<2
hour turnaround
3.8B
decoded records
99.5%
accuracy
Ingest
Raw Records
Lineage / drift / gaps
> 177k
Sources
60B
Vehicle records
Low cost
Market Response Model
MOBILITY GLOBAL
Unlocking new agentic growth modes via AI
New Growth Opportunities
Internal agents as a
data product discovery engine
Infrastructure for agents
monetizing real-time data
Higher value use cases
and decision delivery
Example: Dealer Valuation Engine
Models
Forecasts,
Scores
Predictions / recs
Agents
Guardrails / eval / SLA
Reliability
Behavior
Prediction Score
Market
response model
MCP Servers
AI-powered
operations
Agent-ready data
Enrich / Decode
NLP / DocAI/ Image / etc.
<2
hour turnaround
3.8B
decoded records
99.5%
accuracy
Ingest
Raw Records
Lineage / drift / gaps
> 177k
Sources
60B
Vehicle records
Low cost
Example: Agent-powered Dealer Valuation Engine
DATA/TECH/AI: AI ENGINES—NEW GROWTH
85
MOBILITY GLOBAL
Unified enterprise AI Data Fabric accelerating value creation
86
• Supercharged signals
• Faster time-to-market
• Lower unit costs
• Predictive products
• AI delivery modes
• Monetized intelligence
Outcomes
Connected data
across assets
CARFAX
US
aMM
CARFAX
Canada
Auto Insights
Market Scan …
Polk
CARFAX
Europe
Unified AI-ready
platform
Unified
AI-ready
platform
Data fabric layer
(top 5 components)
Active metadata intelligence
Unified data ingestion
Data virtualization
AI-driven orchestration
Knowledge graphs
Connected In process of getting connected To be connected
DATA/TECH/AI: AI ENGINES
Powering our growth and profitability engines
MOBILITY GLOBAL
Accelerating growth and efficiency through AI
87
We have an irreplicable
proprietary data moat
AI is driving
demand for
decision-grade data
Proven AI at scale
Intelligent
Data Engine
Four AI engines for
growth + leverage
Ready for agentic AI
01
03
05
02
04
06
DATA/TECH/AI: SUMMARY
MOBILITY GLOBAL
Financial Framework
Matt Calderone
Chief Financial Officer
88
MOBILITY GLOBAL
Mobility Global financial highlights
2. High-margin, scalable business model
3. Strong balance sheet and cash flow generation
4. Disciplined approach to capital deployment
1. Resilient, compounding growth engine
89
5. Compelling investor value proposition
6. On track for mid-2026 public-company launch
MOBILITY GLOBAL
An organic growth engine – continuing to compound in 2026
90
($ IN MILLIONS)
Revenue
• Consistent, above-market organic growth across
industry cycles
• >80% subscription-based revenue provides
stability, predictability
• Increasingly diversified - across business lines,
end customers, geographies
• Growth across all parts of portfolio
8.6% 8.5% 7.5-9%
2023 - 2025 REFLECT THE AUDITED CARVE OUT FINANCIALS OF THE MOBILITY BUSINESS, WHILE 2026 GUIDANCE IS ORGANIC CONSTANT CURRENCY
Organic Growth
(%)
$ 1,485
$ 1,613
$ 1,750
2023 2024 2025 2026E
1. RESILIENT, COMPOUNDING GROWTH ENGINE
MOBILITY GLOBAL
Track-record of consistent, above-market growth
Notes:
1. REVENUE INFORMATION PRESENTED FOR THE YEARS ENDED 2014-2021 IS DERIVED FROM THE TRANSPORTATION SEGMENT FINANCIALS OF IHS MARKIT LTD., ADJUSTED TO EXCLUDE REVENUE ASSOCIATED WITH OTHER BUSINESSES IN THE
TRANSPORTATION SEGMENT. REVENUE INFORMATION PRESENTED FOR THE YEAR ENDED 2022 REFLECTS THE SEGMENT FINANCIALS OF THE MOBILITY BUSINESS AS REPORTED BY S&P GLOBAL. REVENUE INFORMATION FOR THE YEARS ENDED
2023-2025 REFLECTS THE AUDITED CARVE-OUT FINANCIALS OF THE MOBILITY BUSINESS. ACCORDINGLY, THESE NUMBERS ARE NOT PREPARED ON A CONSISTENT BASIS AND MAY NOT BE COMPARABLE PERIOD OVER PERIOD.
2. 2022-2025 REVENUE GROWTH ON AN ORGANIC, CONSTANT-CURRENCY ADJUSTED BASIS; BASED ON SPGI-REPORTED MOBILITY SEGMENT FINANCIALS
3. BASED ON DATA FROM FRED (FEDERAL RESERVE BANK OF ST. LOUIS); REPRESENTS SEASONALLY ADJUSTED ANNUAL FIGURES
529 585
719
836
979
1,074 1,052
1,247
1,351
1,485
1,613
1,750
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
REVENUE ($MM)(1)
91
Mobility Organic
Growth(2) 10% 11% 14% 11% 10% (2%) 18% 10% 9% 9% 9%
Industry Growth(3) 6% 0% (2%) 1% (1%) (15%) 4% (8%) 13% 2% 2%
Subdued Auto Recovery and
Normalization
Rebuilding Auto Demand Peak Volume Stagnation COVID & Supply Disruption
(Post-GFC)
1. RESILIENT, COMPOUNDING GROWTH ENGINE
MOBILITY GLOBAL
Subscription-based model provides revenue predictability
92
• CARFAX subscriptions sold across
40K+ dealers and other end-customers
• B2B solutions anchored by long-standing OEM
and dealer enterprise agreements with
subscription-based contract terms
• Anticipate % of subscription-based to continue to
grow – from CARFAX Lifetime Dealer program,
sales strategies in B2B Solutions
81% 19%
Subscription Non-subscription
1. RESILIENT, COMPOUNDING GROWTH ENGINE
MOBILITY GLOBAL
Business is increasingly diversified
93
9%
B2B Planning
9%
CARFAX International
26%
B2B
Marketing & Sales
25%
CARFAX Advantage
14%
CARFAX Listings
17%
CARFAX Financial
Consumer / Other
REVENUE BY BUSINESS LINE REVENUE BY CUSTOMER TYPE
20%
OEM & Supplier
62%
Dealer (B2B & CARFAX)
18%
Financial / Consumer /
Other
TOTAL REVENUE
$1.75B
INTERNATIONAL REVENUE
17%
1. RESILIENT, COMPOUNDING GROWTH ENGINE
MOBILITY GLOBAL
$ 598 $ 658 $ 711
2023 2024 2025
High-margin business with upside potential
94
Adj. EBITDA1
• High value solutions with strong unit
economics—across core offerings
• Capacity to self-fund growth investments—
through scale, efficiency, operating leverage
• Core strategic assets each yield distinct
economic advantages
• Anticipate margin expansion after period of
investment to create standalone public
company
Margin (%) 40.3% 40.8% 40.6%
1. ADJUSTED EBITDA IS A NON-GAAP MEASURE. SEE APPENDIX FOR A RECONCILIATION TO THE MOST COMPARABLE GAAP MEASURE
2. HIGH-MARGIN, SCALABLE BUSINESS MODEL
MOBILITY GLOBAL
2. TRUSTED LEADING BRANDS
Brand = significant value for dealers
Lower marginal cost of customer acquisition
Stronger unit economics
1. PROPRIETARY DATA ESTATE
Contributory network = lower data acquisition
costs
Established, AI-ready estate = lower cost to
produce + higher-value products
Margin advantage compounds with scale
4. EMBEDDED IN DECISION-MAKING
Co-development with customers =
de-risked new products + increased customer
value
Higher retention, more durable revenue
3. UNMATCHED CUSTOMER NETWORK
Faster time-to-market for new solutions
Built-in runway for cross-selling solutions
Structurally lower distribution costs
Strategic assets yield structural economic advantages
95
2. HIGH-MARGIN, SCALABLE BUSINESS MODEL
MOBILITY GLOBAL
Near-term investment in building standalone public company, followed by
~50bps annual margin expansion target
96
2. HIGH-MARGIN, SCALABLE BUSINESS MODEL
Building Standalone Foundation…
• Expected incremental ~$20-25M in run-rate costs to
operate as a standalone company compared to historic
SPGI allocations
• Concentrated in standalone public company
functions, IT infrastructure, facilities / international
costs
• Hit run-rate in 12-18 months, inclusive of TSA wind-down
• Equity compensation to be aligned with public company
peers to attract and retain talent
… and Driving Margin Expansion
• Higher-value products built from scaled AI data
platform, launched through existing distribution
channels
• Revenue and cost synergies by operating as One
Mobility
• Operating leverage in a growing business that
requires relatively low capital investment
• AI-driven efficiencies that can be reinvested and/or
used for margin expansion
MOBILITY GLOBAL
Solid Free Cash Flow1 generation and conversion
97
• Expect one-time stand-up / transition
cost3 of ~$75-100M over 12-18 months
• Medium-term effective tax rate of
25-27%, lower than in Form 10
• ~$1B Deferred Tax Liability related to IHS
merger to be paid down over remaining
12-year period
3. STRONG BALANCE SHEET, CF GENERATION
Margin2
Capex
(% of Rev.)
$ 375 $ 412
$ 461
2023 2024 2025
1.2% 0.9% 1.4%
25.3% 25.5% 26.3%
($ IN MILLIONS)
1. FREE CASH FLOW IS A NON-GAAP MEASURE. DEFINED AS NET CASH GENERATED BY OPERATING ACTIVITIES LESS CAPITAL EXPENDITURES. FOR A RECONCILIATION TO CASH PROVIDED BY OPERATION ACTIVITIES
SEE APPENDIX
2. FREE CASH FLOW MARGIN (FREE CASH FLOW DIVIDED BY TOTAL REVENUE)
3. INTERNAL DATA
MOBILITY GLOBAL
Strong Balance Sheet and efficient capital structure
98
3. STRONG BALANCE SHEET, CF GENERATION
~$2B
Senior Unsecured Notes expected to be
issued prior to launch
<2.5X
Target Gross Leverage Ratio
Anticipated Starting
Capital Structure
$500M
Revolving Credit Facility
in place
~$150M
Cash on the Balance Sheet
Target Starting Cash
Commitment to
Investment Grade
Up to ~$1.95B
One-Time Cash Payment
to S&P Global
MOBILITY GLOBAL
Shareholder-friendly capital allocation framework
99
4. DISCIPLINED APPROACH TO CAPITAL ALLOCATION
Dividends
Payout ratio of
20-25% of Net Income
Share Repurchases
Disciplined approach;
beginning in 2027
M&A
Tuck-ins to accelerate
organic growth
Organic
Investment
In AI-powered solutions
to support incremental
growth
Target of
75%+
of FCF returned annually(1)
1. PERCENTAGE OF FREE CASH FLOW FOR CAPITAL RETURN CONSIDERS CASH FLOW AFTER INVESTMENTS (DEFINED AS FREE CASH FLOW MINUS ACQUISITIONS)
MOBILITY GLOBAL
Core: (Value + Volume)
Targeting 7.5-10% medium-term annual organic revenue growth
100
7.5-10% Annual Organic Revenue Growth
New Solutions International Expansion
~5-7%+ ~1-2%+ ~1-2%+
• Higher adoption & retention
• Capture full value
• Upsell
• Service Marketing
• Sell my Car
• Showroom Listings
• Europe and Canada
• Mastermind customer base
• Higher adoption
• Module attach
• AI across FAST Platform
• Data Studio
• Manufacturers in China and
India B2B Solutions
Supported by One Mobility Synergies
CARFAX
5. INVESTOR VALUE PROPOSITION
THE INDIVIDUAL GROWTH RANGES FOR CORE, NEW SOLUTIONS AND INTERNATIONAL GROWTH ARE APPROXIMATE ESTIMATES AND DO NOT SUM DIRECTLY TO THE TOTAL ANNUAL ORGANIC REVENUE GROWTH
TARGET OF 7.5-10%, WHICH ACCOUNTS FOR SYNERGIES AND OVERLAPS AMONG INITIATIVES
MOBILITY GLOBAL
Framework for investor value creation
1. PERCENTAGE OF FREE CASH FLOW FOR CAPITAL RETURN CONSIDERS FREE CASH FLOW AFTER INVESTMENTS (DEFINED AS FREE CASH FLOW MINUS ACQUISITIONS) 101
Margin
Expansion
Compounding
EBITDA Growth
Dividend
Distributor
M&A as an
Accelerant
Consistent
Capital Returns
Predictable Organic
Revenue Growth
7.5-10%
annually
20-25%
of GAAP
net income
75%+
of FCF returned
annually(1)
Additional
capacity while
maintaining
IG rating
8-11%
Adj. EBITDA growth
+50bps
annually after
standalone reset
5. INVESTOR VALUE PROPOSITION
MOBILITY GLOBAL
On-track for mid-2026 public company launch
102
6. LAUNCH TIMELINE / MILESTONES
OCT
Initial Form
10 Filing
Meetings with
Rating Agencies
Revolving
Credit Facility
Form 10
Public Flip and
Board
Announcement
Investor
Day
JAN APR MAY MAY MAY 12
Leadership
announced
MOBILITY GLOBAL
MOBILITY GLOBAL
Q&A Session
Bill Eager
Chief Executive Officer
Matt Calderone
Chief Financial Officer
Scott Fredericks
President, CARFAX
Joe LaFeir
President, Mobility Business Solutions
MOBILITY GLOBAL 103
MOBILITY GLOBAL
Experienced leadership team
Decades of industry and public company experience
Bill Eager
Chief Executive
Officer
Matt Calderone
Chief Financial
Officer
Scott Fredericks
President
CARFAX
Joe Lafeir
President
Mobility Business
Solutions
Tasha Matharu
Chief Legal
Officer
Martin Metzker
Chief Strategy
Officer
Larissa Cerqueira
Chief People
Officer
Joedy Lenz
Chief Information
Officer
104
MOBILITY GLOBAL
Key Takeaways
Bill Eager
Chief Executive Officer
105
MOBILITY GLOBAL 106
Recap: Three takeaways from today
Enormous
market
Unmatched
assets
Clear
opportunity
MOBILITY GLOBAL 107
Appendix
MOBILITY GLOBAL
($ IN MILLIONS)
Free Cash Flow generation &
conversion
108
Free Cash
Flow Margin
Capex
(% of Rev.)
$ 375 $ 412
$ 461
2023 2024 2025
1.2% 0.9% 1.4%
25.3% 25.5% 26.3%
2023 2024 2025
Adj. EBITDA $598 $658 $711
(-) One-Time Adjustments (30) (23) (40)
(-) Interest, Net (17) (14) (13)
(-) Provision for Income Taxes (61) (76) (106)
(+) Prov. for Losses on Acc. Rec. 4 4 4
(-) Deferred Income Taxes (95) (102) (90)
(+/-) Gain (Loss) on Disposition 0 - -
(+) Restructuring & Other 7 5 12
(+/-) Change in NWC (13) (26) 7
Cash provided by operating activities $393 $427 $485
(-) Capital Expenditure (18) (15) (24)
Free Cash Flow $375 $412 $461
Margin (%) 25% 26% 26%
Conversion (%) 63% 63% 65%
1. FREE CASH FLOW IS A NON-GAAP MEASURE. DEFINED AS NET CASH GENERATED BY OPERATING ACTIVITIES LESS
CAPITAL EXPENDITURES. FOR A RECONCILIATION TO CASH PROVIDED BY OPERATING ACTIVITIES SEE TABLE
MOBILITY GLOBAL
MOBILITY GLOBAL
($ IN MILLIONS)
Bridge from 2025A net income to Adjusted EBITDA
109
1 2
$ 220 $ 13
$ 106
$ 310 $ 22 $ 21 $ 20
$(3)
$ 2 $ 711
Net
Income
Interest,
Net
Provision
for Income
Taxes
D&A SBC Transaction
Costs
Severance
Charges
Legal
Settlement
Recovery
Other Adj. EBITDA
1. OTHER PRIMARILY INCLUDES A STATUTORY LABOR LAW ACCRUAL ADJUSTMENT AND LEASE IMPAIRMENT COSTS
2. ADJ. EBITDA IS A NON-GAAP MEASURE
MOBILITY GLOBAL
Non-GAAP Financial Measure Definitions
110
TERM DEFINITION
Adjusted EBITDA
Adjusted EBITDA is defined as our U.S. GAAP net income adjusted to exclude (1) interest, (2) provisions for taxes on
income, (3) depreciation and amortization, (4) stock-based compensation, (5) transaction costs associated with the
stand-up of the Spin Business in connection with the Separation, (6) employee severance charges, (7) acquisition
integration costs, (8) acquisition and disposition-related costs, (9) legal settlement recovery and (10) other non-operational and/or non-recurring expenses. Net income is the most directly comparable U.S. GAAP financial measure to
Adjusted EBITDA. Adjusted EBITDA margin is Adjusted EBITDA divided by U.S. GAAP revenue.
Free Cash Flow Net cash generated from operating activities less capital expenditures.
Free Cash Flow Conversion Free Cash Flow (as defined above) divided by Adjusted EBITDA (as defined above).
Gross Leverage Ratio Gross leverage ratio is defined as Gross debt divided by Adjusted EBITDA.
MOBILITY GLOBAL
Historical financials summary 2023 - 2025
111
($ IN MILLIONS) FY23A FY24A FY25A
Total Revenue 1,485 1,613 1,750
% Growth 8.6% 8.5%
(-) Expenses and allocations (939) (1,005) (1,101)
% of Revenue 63.2% 62.3% 62.9%
EBITDA 546 608 649
% Margin 36.8% 37.7% 37.1%
(+) Stock Based Compensation (SBC) 20 28 22
(+) Non-Recurring Adjustments 30 23 40
Adjusted EBITDA 598 658 711
% Margin 40.3% 40.8% 40.6%
Cash provided by operating activities 393 427 485
(-) Capital expenditure (18) (15) (24)
Free cash flow 375 412 461
% Margin 25.3% 25.5% 26.3%
% Conversion 63% 63% 65%
MOBILITY GLOBAL
Historical financials summary Q1 2025 - Q1 2026
112
($ IN MILLIONS) Q125A Q225A Q325A Q425A Q126A
Total Revenue 420 439 445 445 455
(-) Expenses and allocations (259) (266) (263) (313) (296)
% of Revenue 61.5% 60.5% 59.1% 70.3% 65.1%
EBITDA 162 173 182 132 159
% Margin 38.5% 39.5% 40.9% 29.7% 34.9%
(+) Stock Based Compensation (SBC) 5 4 6 6 4
(+) Non-Recurring Adjustments 3 10 4 23 21
Adjusted EBITDA 170 186 192 162 184
% Margin 40.5% 42.4% 43.2% 36.3% 40.4%
MOBILITY GLOBAL
Reconciliation of non-GAAP financial measures 2023 - 2025
113
($ IN MILLIONS) FY23A FY24A FY25A
Net income 163 208 220
Interest, net 17 15 13
Provision for taxes on income 61 76 106
Depreciation and amortization 307 309 310
Stock-based compensation 20 28 22
Transaction costs - - 21
Employee severance charges 9 9 20
Acquisition integration costs 17 9 -
Acquisition and disposition-related costs 4 4 -
Legal settlement recovery - - (3)
Other (1) - - 2
Adjusted EBITDA 598 658 711
1. OTHER PRIMARILY INCLUDES A STATUTORY LABOR LAW ACCRUAL ADJUSTMENT AND LEASE IMPAIRMENT COSTS
MOBILITY GLOBAL
Reconciliation of non-GAAP financial measures Q1 2025 - Q1 2026
114
($ IN MILLIONS) Q125A Q225A Q325A Q425A Q126A
Net income 58 65 72 25 55
Interest, net 3 3 3 3 3
Provision for taxes on income 23 27 29 27 23
Depreciation and amortization 78 78 78 78 78
Stock-based compensation 5 4 6 6 4
Transaction costs 0 2 4 15 21
Employee severance charges 1 6 6 6 -
Acquisition integration costs - - - - -
Acquisition and disposition-related costs - - - - -
Legal settlement recovery - - (3) - -
Other (1) 2 1 (3) 2 -
Adjusted EBITDA 170 186 192 162 184
1. OTHER PRIMARILY INCLUDES A STATUTORY LABOR LAW ACCRUAL ADJUSTMENT AND LEASE IMPAIRMENT COSTS
MOBILITY GLOBAL
Reconciliation of non-GAAP financial measures
115
($ IN MILLIONS) 03/31/2026
Debt 2,000
Less cash and cash equivalents (150)
Net debt 1,850
LTM 03/31/26 Adj. EBITDA 724
Gross Leverage Ratio 2.8
Net Leverage Ratio 2.6
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dei_EntityAddressStateOrProvince
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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dei_EntityCentralIndexKey
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Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
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na
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X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
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Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
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Data Type:
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Balance Type:
na
Period Type:
duration
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
dei_EntityRegistrantName
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Balance Type:
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
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Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
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Data Type:
xbrli:normalizedStringItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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Name:
dei_SecurityExchangeName
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
dei:tradingSymbolItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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