2022 FULL-YEAR RESULTS

Full-year results to 31 December 2022 (31 March 2023)

2022 FINANCIAL HIGHLIGHTS

Group

Group adjusted1

Adjusted1

Cash and cash

Proposed final

revenue

profit before tax

diluted EPS

equivalents

dividend

£6.5bn

£263.7m

169.7p

£264.4m

45.8p

  • Group revenue increased 28.5 per cent to £6.5 billion (2021: £5.0 billion)
    and by 25.2 per cent in constant currency2
  • Revenue accounting policies have been revised with the majority of software and resold services now recognised on an agency basis. This has led to a restatement of the prior year. See slide 30 for further information
  • Group adjusted1 profit before tax increased by 3.2 per cent to £263.7 million (2021: £255.6 million) and by 2.1 per cent in constant currency2
  • Adjusted1 diluted earnings per share (EPS) of 169.7 pence (2021: 165.6 pence), an increase of 2.5 per cent
  • Proposed final dividend of 45.8 pence (2021: 49.4 pence) for a total
    dividend of 67.9 pence (2021: 66.3 pence), an increase of 2.4 per cent
  • Cash and cash equivalents of £264.4 million (2021: £273.2 million)
  • Adjusted net funds3 of £244.3 million (2021: £241.4 million)
  • Net funds of £117.2 million (2021: net funds of £95.3 million) including £127.1 million of lease liabilities recognised as debt under IFRS 16 (2021: £146.1 million)

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2022 FINANCIAL HIGHLIGHTS

2018

2019

2020

2021

2022

2022 vs 2021

Gross Invoiced Income4 (£m)

4,352.6

5,052.8

5,441.3

6,923.5

9,052.2

30.7%

Revenue (restated) (£m)

n/a

n/a

n/a

5,034.5

6,470.5

28.5%

Adjusted1 profit before tax (£m)

118.2

146.3

200.5

255.6

263.7

3.2%

Adjusted1 diluted EPS (pence)

75.7

92.5

126.4

165.6

169.7

2.5%

Dividend per share (pence)

30.3

10.1

50.7

66.3

67.9

2.4%

Services revenue (£m)

1,175.0

1,230.6

1,261.2

1,450.9

1,570.6

8.3%

Operating cash flow (£m)

115.2

198.3

236.9

224.3

242.1

7.9%

Four-Year Compound Annual Growth Rate

Adjusted1

Adjusted1

Dividend

Services

profit before tax

diluted EPS

per share

revenue

22.2%

22.4%

22.4%

7.5%

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Note

Following a recently approved interpretation of the revenue accounting standard by the International Accounting Standards Board, we have changed the way we recognise revenues for standalone software and resold third-party services contracts and revised our accounting policies to reflect this change. Accordingly, we have restated our prior-year revenues down from £6,725.8 million as reported at 31 December 2021 to £5,034.5 million. Further information on this change, including the retrospective restatement of the financial statements, and the revised accounting policy, is available on slide 30.

1,4 Refer to the glossary for definitions.

2022 OPERATING HIGHLIGHTS

Eighteenth consecutive year of adjusted1 earnings per share growth

Achieved carbon neutral status for Scope 1 and 2 emissions in 2022, making us one of the first companies in our industry to achieve this milestone

Customer accounts with gross profit of over £1 million per annum increased by 10.7 per cent, showing our ability to retain and develop long-termcustomer relationships

North American Segment continued to progress and increased its gross profit by over 18 per cent in constant currency2, in line with our plans and illustrating the long-termopportunity

Continued significant programme of investments to underpin our long-termresilience, competitiveness and growth

Over 20,000 people employed at the end of 2022, highlighting the remarkable scale of our skills and resources globally

Services revenue increased by 8.3 per cent, demonstrating our development of customer value

India offshore headcount grew to 1,100, a key source of skills and competitive advantage in the years ahead

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1,2 Refer to the glossary for definitions.

FINANCIAL REVIEW

Tony Conophy

31 March 2023

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Computacenter plc published this content on 31 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2023 11:21:52 UTC.