5 Year Summary
| |
2005 |
2006 |
2007 |
2008 |
2009 |
| Revenue |
|
|
| Continuing Operations |
£m |
970.3 |
1,012.1 |
1,061.1 |
1,466.5 |
1,880.4 |
| Discontinued Operations |
£m |
120.1 |
3.6 |
- |
- |
- |
| |
|
1,090.4 |
1,015.7 |
1,061.1 |
1,466.5 |
1,880.4 |
| Underlying Operating/Trading Profit |
|
|
| Continuing Operations |
£m |
170.0 |
185.5 |
198.8 |
251.6 |
337.0 |
| Discontinued Operations |
£m |
7.7 |
0.8 |
- |
- |
- |
| |
|
177.7 |
186.3 |
198.8 |
251.6 |
337.0 |
| Net Finance Income/ (Expense) |
|
|
| Continuing Operations |
£m |
-11.0 |
-3.5 |
7.7 |
-7.8 |
-41.7 |
| Discontinued Operations |
£m |
0.3 |
0.1 |
- |
- |
- |
| |
|
-10.7 |
-3.4 |
7.7 |
-7.8 |
-41.7 |
| Underlying Profit Before Tax |
|
|
| Continuing Operations |
£m |
159.0 |
182.0 |
206.5 |
243.8 |
295.3 |
| Discontinued Operations |
£m |
8.0 |
0.9 |
- |
- |
- |
| |
|
167.0 |
182.9 |
206.5 |
243.8 |
295.3 |
| Income Tax on Underlying Profit |
|
|
| Continuing Operations |
£m |
-46.0 |
-51.0 |
-57.8 |
-68.2 |
-80.4 |
| Discontinued Operations |
£m |
-1.9 |
-0.1 |
- |
- |
- |
| |
|
-47.9 |
-51.1 |
-57.8 |
-68.2 |
-80.4 |
| Underlying Profit After Tax (inc. Minority Interests) |
£m |
119.1 |
131.8 |
148.7 |
175.6 |
214.9 |
| Reconciliation of Underlying Profit After Tax to Profit After Tax |
|
|
| Underlying Profit After Tax |
£m |
119.1 |
131.8 |
148.7 |
175.6 |
214.9 |
| Amortisation of Intangibles Arising on Acquisition |
£m |
-16.9 |
-9.1 |
-13.9 |
-46.8 |
-78.7 |
| Amortisation of Goodwill |
£m |
- |
- |
- |
- |
- |
| Restructuring/Integration Costs |
£m |
- |
- |
-13.4 |
-16.8 |
-14.6 |
| Loss on Revaluation of Currency Instruments |
£m |
-16.1 |
10.8 |
-5.7 |
-59.5 |
42.9 |
| Tax on reconciling items |
£m |
10.7 |
-0.4 |
10.5 |
40.1 |
21.4 |
| Profit on Disposal of Business |
£m |
4.9 |
14.5 |
5.8 |
2.9 |
- |
| Tax on Profit on Disposal |
£m |
-3.6 |
0.7 |
- |
- |
- |
| Profit After Tax For the Year |
£m |
98.1 |
148.3 |
132.0 |
95.5 |
185.9 |
| Comprising |
|
|
| Profit Attributable to Equity Shareholders |
£m |
97.6 |
148.1 |
131.7 |
95.4 |
185.8 |
| Profit Attributable to Minority Interests |
£m |
0.5 |
0.2 |
0.3 |
0.1 |
0.1 |
| |
|
98.1 |
148.3 |
132.0 |
95.5 |
185.9 |
| Ordinary Dividends - paid & proposed |
£m |
- |
- |
- |
- |
- |
| Ordinary Dividends - paid |
£m |
35.8 |
39.7 |
43.8 |
52.7 |
58.2 |
| Dividend Cover (dividends paid basis) |
Times |
2.7 |
3.7 |
3.0 |
1.8 |
3.2 |
Cash Flow Data
| |
|
2005 |
2006 |
2007 |
2008 |
2009 |
| Operating Cash Flow |
£m |
172.1 |
153 |
156.6 |
260.5 |
293.2 |
| Operating cash conversion |
% |
98.60 |
84.30 |
81.10 |
106.10 |
88.60 |
| Free Cash Flow from Business |
£m |
122.4 |
103.8 |
133.9 |
202.9 |
213.6 |
Net Debt and Gearing Data
| |
|
2005 |
2006 |
2007 |
2008 |
2009 |
| Net Debt/(Cash) |
£m |
163.8 |
-0.9 |
-77.9 |
641.3 |
412.6 |
| Net Debt/EBITDA |
Times |
0.8 |
n/a |
n/a |
>1.9* |
1.0 |
| Interest Cover |
Times |
17 |
29 |
29 |
30 |
9 |
| Gearing |
% |
28.7 |
n/a |
n/a |
75.6 |
43.5 |
Per Share Data
| |
|
2005 |
2006 |
2007 |
2008 |
2009 |
| Dividend Per Share (DPS) on paid basis |
p |
3.2 |
3.5 |
3.9 |
4.6 |
5.1 |
| Underlying EPS |
p |
10.6 |
11.7 |
13.1 |
15.4 |
18.8 |
| Basic EPS |
p |
8.7 |
13.1 |
11.6 |
8.4 |
16.3 |
| Fully Diluted EPS |
p |
8.7 |
13.0 |
11.6 |
8.3 |
16.2 |
| Free Cash Flow Per Share from Business |
p |
10.9 |
9.2 |
11.8 |
17.8 |
18.7 |
Other Data
| |
|
2005 |
2006 |
2007 |
2008 |
2009 |
| Average Number of Employees in year |
|
10,715 |
9,509 |
8,990 |
10,706 |
11,824 |
| Market Cap at B/S date |
£m |
1,900 |
2,191 |
2,373 |
2,343 |
2,883 |
Investment Ratios
| |
|
2005 |
2006 |
2007 |
2008 |
2009 |
| Margin |
% |
16.3 |
18.3 |
18.7% |
17.2% |
17.9% |
| DPS Growth (dividends paid) |
% |
10.0 |
10.0 |
10.0 |
19.8 |
10.1 |
| Underlying EPS Growth |
% |
16.0 |
10.2 |
12.3 |
17.8 |
21.9 |
* Calculated on a basis consistent with the Group’s banking covenants
