S&P Global hosted an Investor Day for its Mobility division, outlining the strategy and financial framework for its planned separation into an independent public company, Mobility Global Inc. The separation is on track to be completed by mid-2026. Management presented medium-term financial targets focused on organic growth, margin expansion, and significant capital returns to shareholders.
Key Details
- Financial Targets: The new company is targeting 7.5-10% annual organic revenue growth, 8-11% annual adjusted EBITDA growth, and approximately 50 basis points of annual margin expansion following a standalone cost reset.
- Capital Allocation: Mobility Global plans to implement a dividend with a payout ratio of 20-25% of GAAP net income and aims to return over 75% of its free cash flow to shareholders annually.
- Spin-Off Details: At separation, the company expects to have a gross leverage ratio below 2.5x and will make a one-time cash payment of up to ~$1.95 billion to S&P Global. The business generated $1.75 billion in revenue in fiscal year 2025.
- Timeline: The company reiterated that the spin-off is on track for a mid-2026 launch.