WS Atkins plc. Half year results for the six months ended 30 September November 2016
|
|
- Amberlynn White
- 7 years ago
- Views:
Transcription
1 WS Atkins plc Half year results for the six months ended 30 September November
2 Uwe Krueger Chief executive officer 2
3 Underlying profit before tax up 14% Good overall performance, particularly in UK and North America Financial highlights Revenue up 10.0% to 995m, 4.0% on a constant currency basis Underlying operating profit up 10.7%, constant currency underlying operating profit up 4.3% Underlying profit before tax of 63.6m, up 14% Underlying diluted EPS up 12.6%, interim dividend up 6.8% Net borrowings of 90.3m at September 2016, following PP&T acquisition. Operational summary Significant increase in UK and Europe operating profit, up 32%, supported by strong markets and improved operational delivery Good first half performance in North America, underpinned by two major transportation projects Middle East impacted by more difficult transportation and infrastructure markets and demobilisation of metro projects; good wins in Dubai property market Energy business continues to face challenging market conditions in oil and gas, North American oil and gas impairment of 23.3m in the period First major PP&T project in US (DUF6) secured and integration progressing well. 3
4 Heath Drewett Group finance director 4
5 Financial summary 30 Sep Sep 2015 Revenue 994.7m 904.6m 10.0% Underlying operating profit 65.3m 59.0m 10.7% Underlying operating margin 6.6% 6.5% 10bp Underlying profit before tax 63.6m 55.8m 14.0% Underlying diluted EPS 48.2p 42.8p 12.6% Dividend per share 12.5p 11.7p 6.8% Work in hand 84% 84% Average staff numbers 18,335 18,506 (0.9)% Net (debt)/ funds (90.3)m m 30 Sep Mar 2016 Closing staff numbers 18,339 18,052 5
6 Segmental summary m Revenue Operating profit/ (loss) Operating margin UK and Europe % North America % Middle East % Asia Pacific % Energy % Total for segments % Joint ventures included above (4.9) Acuity 5 (3.6) Total for the Group
7 UK and Europe Strong profit and margin growth 30 Sep Sep 2015 change Revenue ( m) (1.6)% Operating profit ( m) % Operating margin 8.7% 6.5% 220bp Average staff numbers 9,360 9,724 (3.7)% 30 Sep Mar 2016 Closing staff numbers 9,274 9,591 (3.3)% Good performance reflecting the Group s strong position in a well-funded infrastructure market across highways, rail, energy, education and defence/security Operating performance enhanced by improved project delivery and further organisational change Minimal impact to date of the EU Referendum result on our highly diversified business Positive outlook into the second half. 7
8 North America Good first half, supported by major project delivery 30 Sep Sep 2015 change Revenue ( m) % Operating profit ( m) % Operating margin 6.9% 4.8% 210bp Average staff numbers 2,780 2, % 30 Sep Mar 2016 Closing staff numbers 2,849 2, % Constant currency revenue up 10% and operating profit up 62% Major projects: NEON (for Nevada Department of Transportation) and Purple Line (light rail project in Maryland) delivering well Focus remains on securing replacement contract opportunities as current major projects demobilise Full year expected to deliver good year on year revenue and margin growth. 8
9 Middle East More challenging markets, as anticipated Revenue and operating profit performance reflects government spending constraints, workload shortfalls and our conservative debt provisioning, against a strong prior year comparator Our combined rail and infrastructure businesses are experiencing increased client caution around major project commitments Dubai property team busy following a number of recent wins 30 Sep Sep 2015 change Revenue ( m) (11.7)% Operating profit ( m) (41.6)% Operating margin 6.3% 9.5% (320)bp Average staff numbers 2,409 2,611 (7.7)% 30 Sep Mar 2016 Closing staff numbers 2,420 2,459 (1.6)% Geographic expansion into East Africa through Howard Humphreys acquisition. 9
10 Asia Pacific Partnering approach for growth 30 Sep Sep 2015 change Revenue ( m) % Operating profit ( m) % Operating margin 7.2% 6.6% 60bp Average staff numbers 1,307 1,499 (12.8)% 30 Sep Mar 2016 Closing staff numbers 1,288 1,354 (4.9)% Improved performance in a more stable mainland China trading environment Continued pursuit of outbound investment opportunities with selected Chinese contractors Immediate outlook remains unchanged, and the region continues to offer attractive, medium term growth. 10
11 Energy PP&T successfully integrated, in a difficult first half 30 Sep Sep 2015 change Revenue ( m) % Operating profit ( m) % Operating margin 5.4% 7.3% (190)bp Average staff numbers 2,352 1, % 30 Sep Mar 2016 Closing staff numbers 2,373 1, % Organic constant currency revenue decline of 5% Oil and gas (O&G) markets remain difficult, particularly in North America where we are more exposed to capital expenditure budgets - acquisition goodwill impairment taken in the period PP&T integration has progressed well and we were delighted to secure our first major US contract win with DUF6 Government support for Hinkley Point C is a positive signal for UK energy infrastructure spend Overall, the outlook remains positive, despite continued hiatus on PP&T product sales into Japan. 11
12 Cash flow Working capital performance ( m) 30 Sep Sep 2015 Underlying operating profit Depreciation/amortisation Working capital (65.1) (38.9) Net capital expenditure (7.0) (11.1) Provisions/other Underlying operating cash flow Working capital outflow reflects North American growth, extended payment profile in the Middle East and cash flow timing issues on a couple of projects in PP&T Provisions/other includes share based payment charge Closing net borrowings of 90.3m (March 2016 net funds: 191.7m). 12
13 Pension Reduced discount rate reverses downward trend in the deficit IAS19 deficit net of deferred tax ( m) 334m IAS 19 deficit net of deferred tax at 30 Sept 2016 (March 2016: 216m) 334 Discount rate down 110 basis points to 2.4% Deficit repayment of 33.6m in 2016/17, escalating at 2.5% per annum under 2013 triennial March 2016 triennial valuation negotiations ongoing. Sep 2013* Mar 2014 Sep 2014 Mar 2015 Sep 2015 Mar 2016 Sep 2016 * Restated for IAS19 revision 13
14 Summary Good overall results, with underlying profit before tax up 14% Market conditions remain mixed across the Group, with increased volatility in some areas Strong first half in UK and North America, with Middle East and Energy more challenging Overall, we remain confident and our outlook for the full year is unchanged. 14
15 Uwe Krueger Chief executive officer 15
16 Strategic focus Three key markets 16
17 Delivering growth ahead of GDP Core markets Market share New growth initiatives Government commitment and need for infrastructure spend UK and Europe North America Opportunities for increased geographic and sector exposure North America Middle East and Africa SE Asia Nuclear Development of new business and service lines Atkins Acuity Digital Commitment to 8% operating margin remains. 17
18 Core markets Key funding initiatives UK and Europe National Infrastructure Delivery Plan outlines 483bn of investment ( 300bn over 5 years to ) We estimate our addressable spend on HS2, Heathrow expansion, Crossrail2 and Hinkley Point C to be around 6bn Project example HS2 North America $305bn FAST Act (3.5% annual increase to 2020) FAST Act provides $10bn for rail projects Project example Purple Line HS2 55.7bn spend (including rolling stock). Current Engineering Delivery Partner role. Project team draws on our resources across US, Hong Kong, Middle East, UK and the GDC. 18
19 Hinkley Point C A collaborative effort Our support to EDF currently comprises: Engineering and project management services from within our energy business as the project moves through design and prepares for construction Delivery of large scale design packages, in particular civils works through our UK infrastructure team Cost management service delivered by F+G, our cost and project/ programme management business. 19
20 Market share Middle East and Africa SE Asia Platforms for growth Howard Humphreys in East Africa Collaborative approach with Acuity Growth facilitated by partnering China outbound CHEC, CREC, China First Highway Singapore opportunities North America Nuclear Potential for organic and M&A growth through regional expansion rail focus on markets beyond transportation Growth through PP&T Differentiation through unique technologies US Tier 1 market opportunities 20
21 Growth through differentiation Themes from the Capital Markets Day (30 September 2016) Atkins is becoming a driver of digital innovation in the engineering industry We are increasingly well positioned in attractive growth markets across the nuclear life cycle Our new Acuity business offers a unique combination of consultancy and engineering/technical expertise India is our centre for technical and digital excellence. 21
22 New growth initiatives Atkins Acuity 22
23 New growth initiatives Digital Intelligent Mobility 20m 200m Consultancy Smart motorways Focus on key accounts Expand and adapt core services Digital alliances Re-imagine infrastructure design New digital value propositions. IM services & products Smarter motorways Mainly UK Global 23
24 Summary Strategic focus on three key markets Attractive growth drivers including urbanisation, increasing demand for energy and ageing infrastructure in mature markets Growth in existing markets through differentiation Commitment to 8% operating margin remains. 24
25 Appendices 25
26 Working capital movement Segmental lock-up 30 Sep March 2016 Inc/(Dec) UK and Europe (4.0) North America Middle East (0.7) Energy Other North American increase reflects significant revenue growth in the period Extended payment profile in the Middle East increasing lock-up days Energy increase primarily due to acquired working capital in PP&T. 26
27 Revenue bridge M&A and currency effects [VALUE] Sept 2015 Revenue FX impact Acquisitions/ disposals impact Organic growth Sept 2016 Revenue 27
28 Profit bridge Underlying profit before tax Sept 2015 Underlying FX impact Acquisitions/ Disposals impact Organic growth Sept 2016 Underlying 28
29 Disclaimer The information in this presentation pack, which does not purport to be comprehensive, has been provided by Atkins and has not been audited or otherwise independently verified. While this information has been prepared in good faith, no representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by Atkins as to or in relation to the accuracy or completeness of this presentation pack or any other written or oral information made available as part of the presentation and any such liability is expressly disclaimed. Further, whilst Atkins may subsequently update the information made available in this presentation, we expressly disclaim any obligation to do so. The presentation contains indications of likely future developments and other forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and business segments in which the Group operates. These and other factors could adversely affect the Group s results, strategy and prospects. Forward-looking statements involve risks, uncertainties and assumptions. They relate to events and/or depend on circumstances in the future which could cause actual results and outcomes to differ materially from those currently expected. No obligation is assumed to update any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in this presentation should be construed as a profit forecast. 29
Willis Group Holdings. February 2014 I Bank of America Merrill Lynch Insurance Conference
Willis Group Holdings February 2014 I Bank of America Merrill Lynch Insurance Conference Disclaimer Important disclosures regarding forward-looking statements These presentations contain certain forward-looking
More informationHalma has a very long record of growing its dividend, increasing it by 5% or more for every one of the last 35 years.
Financial Review Long-term model delivering widespread growth This is another set of record results with widespread growth in all sectors and all regions. High returns were maintained and good cash generation
More informationStandard Chartered today releases its Interim Management Statement for the third quarter of 2015.
Standard Chartered PLC Interim Management Statement 3 November 2015 Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Bill Winters, Group Chief Executive,
More informationSUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE ANNOUNCEMENT
April 26, 2016 To, Ms. D'souza AVP, Listing Department National Stock Exchange of India Exchange Plaza Bandra Complex Bandra (East) 400 001 Limited SUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE
More informationReed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO
Reed Elsevier Results Erik Engstrom, CEO Duncan Palmer, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of
More informationEMPRESARIA GROUP PLC
5 September EMPRESARIA GROUP PLC Half Yearly Results for the six months ended Empresaria Group plc ( Empresaria or the Group, AIM: EMR), the international specialist staffing group announces its unaudited
More informationRestoring QinetiQ to Strength: Solid progress. QinetiQ Interim Results 2010 Thursday 18 th November 2010
Restoring QinetiQ to Strength: Solid progress QinetiQ Interim Results 2010 Thursday 18 th November 2010 Leo Quinn Chief Executive Officer Agenda 1. Headlines 2. Financial overview 3. Operational update
More informationOrganic Growth and Strategic Acquisitions. Delivered record 66 million of validated cost savings to our customers
2014 Preliminary Results For the year ended 31 December 2014 Organic Growth and Strategic Acquisitions Delivered record 66 million of validated cost savings to our customers Agenda Overview Financial highlights
More informationParis Orléans. Full year 2013/2014 results presentation
Paris Orléans Full year 2013/2014 results presentation 25 June 2014 Contents Sections 1 Highlights of 2013/2014 2 2 Business review 4 3 Financial review 9 Appendices 23 1 1. Highlights of 2013/2014 1.
More informationZebra Technologies Announces Record Sales for Second Quarter of 2006
FOR IMMEDIATE RELEASE Zebra Technologies Announces Record Sales for Second Quarter of 2006 Vernon Hills, IL, July 26, 2006 Zebra Technologies Corporation (NASDAQ: ZBRA) today announced that net income
More informationInterim Results 2015 12 March 2015
Interim Results 2015 12 March 2015 2015 Interim Highlights Adjusted diluted EPS of 5.80c underlying increase of 7.1% Group Revenue Agri-Services Operating Profit Share of Profit of Associates and JV Adjusted
More informationPerformance in line; outlook for the full year remains unchanged
CPPGROUP PLC 26 OCTOBER 2012 INTERIM MANAGEMENT STATEMENT Performance in line; outlook for the full year remains unchanged CPPGroup Plc ("CPP" or the "Group") today publishes its Interim Management Statement
More informationEarnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016
Earnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016 These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit
More informationExova PLC Investor Conference Call 29 November 2013
Exova PLC Investor Conference Call 29 November 2013 2 Forward looking statements This document contains certain forward looking statements based on knowledge and information available to the directors
More informationFOR IMMEDIATE RELEASE 23 September 2010 UNAUDITED INTERIM RESULTS. Commenting on the results, Group Chief Executive Steve Russell said:
FOR IMMEDIATE RELEASE 23 September 2010 UNAUDITED INTERIM RESULTS Bond International Software plc ( the Group ), the specialist provider of software for the international recruitment and human resources
More informationCONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002
CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 Unaudited Unaudited Note Turnover 2 5,576 5,803 Other net losses (1) (39) 5,575 5,764 Direct costs and operating expenses (1,910)
More informationSAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014
SAP Debt Investor Presentation First Quarter 2014 Update Call Walldorf, Germany April 28, 2014 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking
More informationEarnings Release Q3 FY 2015 April 1 to June 30, 2015
Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite
More informationFor personal use only
Attention ASX Company Announcements Platform Lodgement of Open Briefing ASX ANNOUNCEMENT: 8 February 2012 CEO and CFO on Half Year Results and Outlook Open Briefing with and CFO Martin Brooke Talent2 International
More informationJohn Menzies plc Final Results Presentation. 11 March 2008
John Menzies plc Final Results Presentation 11 March 2008 Agenda Group Highlights and Financial Review Business Review Menzies Aviation Business Review Menzies Distribution Summary Questions 2 John Menzies
More informationAnnual Results 2008/2009
Annual Results 2008/2009 Contents Financial statements Financial statements The market Strategy The market Faiveley Transport Outlook Strategy Outlook Outlook 2 Financial statements Financial statements
More informationSTANDARD CHARTERED PLC 渣 打 集 團 有 限 公 司
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness
More informationFOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS
FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international
More informationSTRATEGY UPDATE 2 MARCH 2016
STRATEGY UPDATE 2 MARCH 2016 Portfolio Focus on Attractive Growth and Margin Opportunities André Lacroix, CEO Intertek Group plc, is today announcing a strategic update outlining the Group s plan to deliver
More informationInterim Report 2002/3
Interim Report 2002/3 Highlights Financial results Turnover increased by 42% to 111.7m (2001: 78.6m) Profit before tax, goodwill and exceptional item increased by 2% to 15.3m (2001: 15.1m) Earnings per
More information2015 Half-Year Results
2015 Half-Year Results 26 August 2015 Copyright Copyright 2015 2015 APR Energy. APR Energy. All Rights All Rights Reserved. Reserved. APR Energy, APR Energy, its logo, its logo, and Powering and Powering
More informationCroda International Plc. Interim Results for the Six Months to 30 June 2009 STRONG PERFORMANCE IN CORE CONSUMER CARE BUSINESS
Croda International Plc Interim Results for the Six Months to 30 June STRONG PERFORMANCE IN CORE CONSUMER CARE BUSINESS Highlights H1 H1 * Change Sales continuing operations 447.5m 464.1m -3.6% - Consumer
More informationBuilding a platform for sustainable growth. Interim results for the year ended 30 September 2012
Building a platform for sustainable growth Interim results for the year ended 30 September 2012 Business overview Bill Halbert, Executive Chairman Highlights Revenue & EBITDA performance, in line with
More informationGrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
More informationSource Process Distribute Creating an integrated value chain
Interim Results 6 Months Ended 30 November 2010 Source Process Distribute Creating an integrated value chain Results Highlights Successful H1 Underlying operating profit increased by 13.3% to 20.9m Profit
More informationSavills plc. Results for the year ended 31 December 2015
Savills plc Results for the year ended 31 December 215 1 March 216 1 Disclaimer: Forward-looking statements These slides contain certain forward-looking statements including the Group s financial condition,
More informationINTRODUCTION TO HOGG ROBINSON GROUP plc
INTRODUCTION TO HOGG ROBINSON GROUP plc Contents Pages Introduction to Hogg Robinson Group 3-10 Business model and competitive advantages 3 Strategy 4 Financial performance 5 KPIs 6 Clients and contracts
More informationInterim Statement For the half year to 30 September 2005 HIGHLIGHTS
Interim Statement For the half year to 30 September 2005 HIGHLIGHTS STRONG GROUP PROFIT PERFORMANCE Profit before Tax +28% Basic Earnings Per Share +30% Underlying Profit before Tax +8% Underlying Earnings
More information5N PLUS INC. Condensed Interim Consolidated Financial Statements (Unaudited) For the three month periods ended March 31, 2016 and 2015 (in thousands
Condensed Interim Consolidated Financial Statements (Unaudited) (in thousands of United States dollars) Condensed Interim Consolidated Statements of Financial Position (in thousands of United States dollars)
More informationHow does a venture capitalist appraise investment opportunities?
1 How does a venture capitalist appraise investment opportunities? Michael Queen - Finance Director, 3i Group plc A presentation to: 23 Pensions Convention 2 June 23 A How presentation does a venture to:
More informationAccenture Reports Third-Quarter Fiscal 2015 Results. -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency --
Accenture Reports Third-Quarter Fiscal 2015 Results -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency -- -- EPS of $1.24 include a $0.06 non-cash pension settlement charge.
More informationKCOM GROUP PLC (KCOM.L) ANNOUNCES UNAUDITED PRELIMINARY RESULTS TO 31 MARCH 2013. Improving quality and long term sustainability of the business
7 June 2013 KCOM GROUP PLC (KCOM.L) ANNOUNCES UNAUDITED PRELIMINARY RESULTS TO 31 MARCH 2013 Summary Improving quality and long term sustainability of the business Group performance in line with expectations
More informationA X A L T A C O A T I N G S Y S T E M S. Q1 2016 FINANCIAL RESULTS April 28, 2016
A X A L T A C O A T I N G S Y S T E M S Q1 2016 FINANCIAL RESULTS April 28, 2016 Legal Notices Forward-Looking Statements This presentation and the oral remarks made in connection herewith may contain
More informationCROSS RELEASE PXUPA ASX RELEASE
CROSS RELEASE PXUPA ASX RELEASE 19 August 2010 PaperlinX Limited ABN 70 005 146 350 307 Ferntree Gully Road Mt Waverley Victoria 3149 Australia Tel: +61 3 8540 2211 Fax: +61 3 8540 2255 PAPERLINX 2010
More informationG4S plc 2015 full year results
G4S plc 2015 full year results G4S Chief Executive Officer Ashley Almanza said, During 2015 we made substantial progress with the strategic and operational transformation of G4S. Our portfolio management
More informationAlternative Networks plc Interim results for the six months to 31 March 2015
Alternative Networks plc Interim results for the six months to 31 March 2015 Edward Spurrier, Chief Executive Officer Mark Quartermaine, Chief Operating Officer (CEO Designate) Gavin Griggs, Chief Financial
More informationRecommended Acquisition of Networkers International plc Presentation to Analysts & Investors
Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors 28 January 2015 Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES.
More informationDisclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Company s strategy, revenues, earnings,
More informationApplus+ Group Results Presentation First Quarter 2015 7 May 2015
Applus+ Group Results Presentation First Quarter 2015 7 May 2015 DISCLAIMER This document may contain statements that constitute forward looking statements about Applus Services, SA ( Applus+ or the Company
More informationThe ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results. Profits double as strategy delivers continued improved performance
The ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results Profits double as strategy delivers continued improved performance The Group (AIM: RTG), one of the UK s leading recruitment
More informationAndy Robertson. Strategy Director, Diageo Asia Pacific
Andy Robertson Strategy Director, Diageo Asia Pacific Andy Robertson Strategy Director, Diageo Asia Pacific Nationality: British Role description: Strategy Director Diageo APAC since January 2007, responsible
More informationASX Announcement. Presentation by David Griffith to Morgans Conference
ASX Announcement 21 October 2015 Presentation by David Griffith to Morgans Conference Attached is a presentation to be given later today by IPH s Managing Director, David Griffith to the Morgans Annual
More information4Q and FYE 2014 Results Conference Call
A global environmental technology company focused on air pollution control, energy, fluid handling and filtration industries 4Q and FYE 2014 Results Conference Call March 5, 2015 1 Safe Harbor Statement
More information2014 Annual General Meeting. 23 October 2014
2014 Annual General Meeting 23 October 2014 Disclaimer This presentation has been prepared by SKILLED Group Limited (ASX:SKE). The information contained in this presentation is of a general nature only,
More informationAcquisition of AlliedBarton Security Services. June 30, 2015
Acquisition of AlliedBarton Security Services June 30, 2015 1 Introduction On June 29, Wendel agreed to acquire AlliedBarton Security Services, the second largest security officer services provider in
More informationInterim Results Presentation November 2013. Group Plc
Interim Results Presentation November 2013 Group Plc Agenda Introduction Guy Buswell Financial Review Steven Glew Market Overview and Operational Update Guy Buswell Update on Strategy Guy Buswell Questions
More informationMorgan Stanley 10th Annual European Financials Conference. Mark Wilson Chief Executive Officer. March 2014
Morgan Stanley 10th Annual European Financials Conference Mark Wilson Chief Executive Officer March 2014 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed
More informationSecond Quarter and First Half 2015 Trading Update
Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit
More informationQuarterly Report. For the three month period ended. April 30, 2015
Quarterly Report For the three month period ended April 30, 2015 The attached unaudited interim condensed consolidated financial statements have been prepared by Management of International Datacasting
More informationIntroduction. Strong growth continues. Implementing the strategy - 3 - H2 Group revenue H1 Group revenue
!" #$% $ Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), contains forward-looking statements about the IG Group. By their very nature, forward-looking statements involve
More informationASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2
ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 Three months ended, Mar 30, Mar 29, 2014 2015 Net system sales 1,030.0 1,246.5 Net service and field option sales 366.5 403.4 Total net
More informationHAS THE INSURANCE BROKERAGE MARKET PEAKED?
CORPORATE FINANCE TRANSACTION ADVISORY SERVICES HAS THE INSURANCE BROKERAGE MARKET PEAKED? by Arik Rashkes and Richard Forgione 2 OVERVIEW OF ECONOMIC CONDITIONS Improving economic conditions and asset
More informationDebt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015
Debt Investors Call First Quarter 2015 Walldorf, Germany Monday, May 4, 2015 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements
More informationEarnings Release Q1 FY 2016 October 1 to December 31, 2015
Munich, Germany, January 25, 2016 Earnings Release FY 2016 October 1 to December 31, 2015 Strong start into the fiscal year earnings outlook raised»we delivered a strong quarter and are well underway in
More informationSAF-HOLLAND Annual Financial Statements 2012. Detlef Borghardt, CEO Wilfried Trepels, CFO. March 14, 2013
SAF-HOLLAND Annual Financial Statements 212 Detlef Borghardt, CEO Wilfried Trepels, CFO March 14, 213 Executive Summary business volume successfully expanded in 212 1 Group sales increased yoy by 3.4%
More informationJOHN MENZIES PLC INTERIM RESULTS PRESENTATION 1 8 A U GUST 2 0 1 5 JOHN MENZIES PLC 1
JOHN MENZIES P L C INTERIM RESULTS PRESENTATION 1 8 A U GUST 2 015 JOHN MENZIES PLC 1 John Menzies plc Interim Results 18 August 2015 Agenda Headlines Jeremy Stafford Performance Overview Paula Bell Strategy
More informationSuccessful transformation and resultant financial stability enables dividend increase. Interim results for six months ending 30 September 2010
Successful transformation and resultant financial stability enables dividend increase Interim results for six months ending 30 September 2010 Highlights Transformation activity complete financial stability
More informationHelmut Engelbrecht, Chief Executive of URENCO Group, commenting on the half-year results, said:
news release 3 September 2014 URENCO Group Half-Year 2014 Unaudited Financial Results London 3 September 2014 URENCO Group ( URENCO or the Group ), an international supplier of uranium enrichment and nuclear
More informationTHIRD QUARTER FINANCIAL RESULTS
Kellogg Company THIRD QUARTER FINANCIAL RESULTS Forward Looking Statements This presentation contains, or incorporates by reference, forward looking statements with projections concerning, among other
More informationMarket Segmentation Strategy
2015 Interim Results For the six months ended 30 June 2015 Further market share gains in challenging markets Agenda Overview Financial highlights Market drivers Growth Strategy Key Accounts Insites TM
More informationQ1 FY2004 Consolidated Results
Q1 FY2004 Consolidated Results (Quarter Ended June 30, 2004) Sony Corporation Investor Relations 1 Statements made in this presentation with respect to Sony s current plans, estimates, strategies and beliefs
More informationResults Announcement for the half year ending 31 December 2013. Centuria Capital Limited Presentation to Investors and Analysts
Results Announcement for the half year ending 31 December 2013 Centuria Capital Limited Presentation to Investors and Analysts Half year summary First half year performance in line with expectations Underlying
More informationTechnology + Innovation = Sustainability
Technology + Innovation = Sustainability David Woolley (CEO) & David Bessant (CFO) Q3 2012 Interim Report 1 Agenda Q3-12 Highlights DW Summary of financial results DB Economic head wind and de-stocking
More informationVolex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1.
Volex Group plc Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement 1. Introduction The consolidated financial statements of Volex Group plc
More informationSpire Healthcare Group Plc. Jefferies London Healthcare Conference November 2014
Spire Healthcare Group Plc Jefferies London Healthcare Conference November 2014 Disclaimer These materials contain certain forward-looking statements relating to the business of Spire Healthcare Group
More informationFULL YEAR RESULTS 2015 YEAR ENDED 30 JUNE 2015
FULL YEAR RESULTS 2015 YEAR ENDED 30 JUNE 2015 IVAN MENEZES Chief EXECUTIVE THE DIAGEO OPPORTUNITY A leader in an attractive, growing and profitable industry Broadest portfolio of leading brands and widest
More informationMedia & Analysts Briefing on FY 2012 Results and 2020 Corporate Strategy
Title 28 February 2013 Media & Analysts Briefing on FY 2012 Results and 2020 Corporate Strategy Title Cautionary note on forward-looking statements This presentation slides may contain forward-looking
More informationSberbank Group s IFRS Results for 6 Months 2013. August 2013
Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB
More informationHalf year results 2011
Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated
More informationEmbedded Value 2014 Report
Embedded Value 2014 Report Manulife Financial Corporation Page 1 of 13 Background: Consistent with our objective of providing useful information to investors about our Company, and as noted in our 2014
More informationON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented
ON TRACK TO MEET FULL YEAR EXPECTATIONS Overview First quarter performance in line with guidance and on track to meet full year outlook US business performing well and to plan Tobacco net revenue up 16.6%
More informationFinancial results for the six months ended 30 June 2007
13 August 2007 Fleet Place House 2 Fleet Place, Holborn Viaduct London EC4M 7RF Tel: +44 (0)20 7710 5000 Fax: +44 (0)20 7710 5001 www.mcgplc.com Financial results for the six months 2007 Management Consulting
More informationFinancial Information
Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow
More informationUnless otherwise stated, references to 2007 are made in relation to the first half of the year.
Standard Chartered PLC Pre-close Trading Update 26 June 2008 Standard Chartered PLC will be holding discussions with analysts and investors ahead of its close period for the half year ending 30 June 2008.
More informationOur results at a glance
1Report 15 AkzoNobel I Report for the first quarter 2015 2 AkzoNobel around the world Revenue by destination (44 percent in high growth markets) A North America B Emerging Europe C Mature Europe D Asia
More informationFinancial highlights:
Mortice Limited 1 The Company s Annual Report and Accounts for the financial year ended on 31 st March, 2013 together with a notice convening the Company s Annual General Meeting at 36, Robinson Road,
More informationDATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015
For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year
More informationSecond Quarter Results of Operations
PRESS RELEASE Besi Posts Strong Q2 and H1-15 Results. Significant Expansion of Net Cash Position vs. 14 Duiven, the Netherlands, July 23, - BE Semiconductor Industries N.V. (the Company" or "Besi") (Euronext
More informationKlöckner & Co SE. Q3 2014 Results
Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Marcus A. Ketter CFO Results Analysts and Investors Conference November 6, Disclaimer This presentation contains forward-looking statements
More informationStorage Wireless Wireline telecom
Storage Wireless Wireline telecom CML Microsystems Plc designs, manufactures and markets a range of semiconductors for global industrial and professional applications within the storage, wireless and wireline
More informationNotes on the parent company financial statements
316 Financial statements Prudential plc Annual Report 2012 Notes on the parent company financial statements 1 Nature of operations Prudential plc (the Company) is a parent holding company. The Company
More informationConfirmation Code: 2977298
DATE: 26 February 2014 Attached is the Presentation regarding Pact s Interim Financial Results for the half-year ended 31 December 2013. The Presentation will occur at 10am (Melbourne time) today. Dial
More informationKey figures as of June 30, 2013 1st half
Never standing still. Interim Report as of June 30, 2013 Contents 2 Key figures as of June 30, 2013 1st half 3 Key figures as of June 30, 2013 2nd quarter 6 Strong revenue growth 12 Consolidated interim
More informationBelden Reports Record Revenues in the Second Quarter 2014
July 30, 2014 Belden Reports Record Revenues in the Second Quarter 2014 ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for
More informationVerifone Reports Results for the Second Quarter of Fiscal 2016
Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results
More informationFinancial Results. siemens.com
s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014
More informationRHI AG. May 12, 2016
RHI AG Results 1Q/16 May 12, 2016 Highlights & Lowlights Highlights Positiv Steel Division operating EBIT margin of 7.8% in 1Q/16 driven by Europe and North America as a result of an improved product mix
More informationIMCD reports strong results for 2014
IMCD reports strong results for 2014 Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ( IMCD or Company ), a leading international speciality chemicals-focused distributor, today announces the 2014
More informationFull year results. March 2012
2 0 1 1 Full year results March 2012 1 DISCLAIMER Safe Harbour Statement This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private Securities Litigation
More informationIncome Statement +4% Revenue 3,406 3,272. Operating profit 530 478 Interest (25) (49) +11% Profit before tax 505 429 Taxation (141) (127)
Introduction Income Statement Revenue 3,406 3,272 Operating profit 530 478 Interest (25) (49) +4% +11% Profit before tax 505 429 Taxation (141) (127) Profit after tax 364 302 EPS 188.5p 156.0p Income Statement
More informationGlobal Investments Limited. FY2014 Financial Results
Global Investments Limited FY2014 Financial Results DISCLAIMER Information contained in this presentation is intended solely for your personal reference and is strictly confidential. Such information is
More informationEutelsat Communications Full Year 2013-2014 Results. July 31, 2014
Eutelsat Communications Full Year 2013-2014 Results July 31, 2014 1 Agenda FY 2013-2014 highlights Operational performance Financial overview Outlook -2- FY 2013-2014: Key Figures Revenue Revenues of 1,348
More information2014 Half-Year Results
2014 Half-Year Results July 30, 2014 Amsterdam Nancy McKinstry Chief Executive Officer and Chairman Kevin Entricken Chief Financial Officer Forward-looking Statements This presentation contains forward-looking
More informationCOMPANY UPDATE FIRST QUARTER 2016 RESULTS
COMPANY UPDATE FIRST QUARTER 2016 RESULTS ROYAL DUTCH SHELL 4 MAY 2016 Copyright of Royal Dutch Shell plc May 4, 2016 1 SIMON HENRY CHIEF FINANCIAL OFFICER ROYAL DUTCH SHELL PLC 2 DEFINITIONS & CAUTIONARY
More information