Fact sheet

Galliford Try is a leading construction group, carrying out building and infrastructure works across the UK

Our purpose

Revenue1

£590.8m

Our purpose is to improve people's lives through building the facilities and infrastructure that communities need, providing opportunities for our people to learn, grow and progress, working with our supply chain to promote the very best working practices and caring for the environment.

Our business

Operating as Galliford Try and Morrison Construction, our work for public and private sector clients is well balanced and extensive.

We are focused on the health, education, defence, custodial, highways and environment sectors, where we have core and proven expertise, and a strong pipeline, as well as our growing capabilities in FM and the Private Rented Sector.

At 30 June 2023, we had 3,900 employees, with 6.3% of them in graduate, apprentice or trainee roles.

Key strengths

  • Well-capitalisedand debt-free.
  • Disciplined approach to project selection and rigorous risk management.
  • Strong, long-term, collaborative client and supply chain relationships.
  • Public and regulated sector investment is driving robust demand in our chosen markets, where we are on key frameworks.
  • Growing capability in higher margin activities such as capital maintenance.
  • Our investment in digital and technical is delivering greater efficiency for clients, and driving down carbon.

Building£1.4bn Infrastructure

£797.1m

Average

month-end£150m cash2

Order book3

13%

Public and regulated

£3.7bn

Blue chip private

87%

Order book by sector3

Building

Total £2.2bn

Education

£593m

Defence and custodial

£696m

FM

£335m

Health

£79m

Commercial & other

£519m

Infrastructure

Total £1.5bn

Highways

£562m

Environment

£894m

  1. Full year to 30 June 2023. 2 Six months to 31 December 2023.
  1. As at 31 December 2023.

Sustainable Growth Strategy

Our strategy targets sustainable growth from a baseline of FY21 and aligns profit with purpose. Sustainability, driven by digitalisation, decarbonisation and social value, is at its heart, responding to stakeholder needs and increasing the long-term operational and financial performance of our organisation. Our focus is on margin growth, with revenue targeted where our markets support growth.

Health & Safety

Our people

Clients

Supply chain

d

..

e

t

.t

ta

h

n

at

ie

o

r

…

o

p

e

r

e

-

r

e

u

e

r

l

lt

s

a

p

u

p

t

o

c

o

s

e

e

s

i

p

iv

b

n

a

s

i

e

n

e

s

Sustainable

l a

io

r

s

a c

m

p

o

g

y i

. a

. l

a

r

Growth

. l

p

h

y

C

2026 revenue target

£1.6bn

(FY21: £1.1bn)

u t

2026 divisional operating

e

i o

l

.

b .

.

i

margin target

b

a

l

l

n

d d

i

g i

n e

3.0%

s t

a

s

a e

s v

u

r

n

.

n r

(FY21: 2.0%)

h

s

t

u

d i

e

g

i

h

id

e

n

-

v

r

f

q

o

l

a

u

r

ia

r

a

c

s

p

li

d

n

t

t

n

r

y

a

a

u

…

n

c

t

fi

u

re

…

Environment & climate change

Communities

Sustainable returns

Growth via existing markets

Building.

Highways.

Environment (including Water).

Growth via adjacent markets

Private Rented Sector (PRS).

Capital maintenance and asset optimisation within the existing Environment sector.

Green retrofit.

Our targets

11

3

e

a t

6

s

9

nitie

saf ety

En

u

m

c vi

m

li

r

o

mao

C

em

tn

ce

hn

at

n

g&

7

Our

n

pillars

KPIs for our strategy period to 2026 are measured on a full year basis. Our performance gives us

C

le

l

i

e

t

s

confidence to update our strategy to 2030 at a Capital Markets Event on 23 May 2024.

pe

o p

4

ur

Sup

ply

O

c

hain

12

8

10

Strategic priorities

Sustainability pillars

Objective

FY23

2026 ambition

Health and

Lost Time Incident Rate

0.20

No harm

Progressive culture

HEALTH safety

Accident Frequency Rate

0.09

No harm

Early careers as % total employees

6.3%

>8%

Our people

Women as a % of total employees

21.6%

YoY increase

Employee advocacy

86%

>80%

Environment

Scope 1 and 2 carbon emissions (CO2e tonnes)

11,822

Net zero by 2030

and climate

Scope 3 carbon emissions (CO2e tonnes)

477,042

Net zero by 2045

Socially responsible

change

Waste intensity (tn/£100K revenue)

21.8

YoY reduction

delivery

% of completed projects delivering >25% of Social and Local

94%

60%

Communities

Economic Value as % of contract value

43.4 (industry

CCS performance

>39 and above industry ave

ave. 40.0)

Clients

% of repeat business in order book

87%

>80%

Quality and

% full year planned revenue secured at start of the financial year

92%

>85%

innovation

Supply chain

% business unit core trades spend with Aligned subcontractors

58%

70%-80%

Prompt payment - % of invoices paid within 60 days

98%

>95%

SUPPLY CHAIN

Objective

FY23

2026 target

Focus on bottom line margin growth.

2.4%

Divisional operating margin

growth to 3.0%.

Sustainable

Disciplined contract selection and sustainable revenue growth.

£1,394m

Revenue growth towards £1.6bn.

financial returns

Maintain strong balance sheet.

Average month-end

Operating cash generation.

cash £135m

Sustainable dividends.

Dividend cover of 1.8x

Dividend cover of 1.8x.

13

5

Risk management

Assessing and managing risks and uncertainties is the central element of our process and business strategy. Commercial control and rigorous risk management are an integral part of our strategy. We achieve this through our:

  • Focus on margin improvement as we grow.
  • Disciplined approach to project selection including:
    • Ensuring appropriate terms and conditions for each project.
    • Employing margin thresholds.
    • Peer reviews of bids and contract reporting.
    • Board approval for all bids with specific risk factors or with a value of over £25m.
  • Aligned and informed supply chain.
  • Clear management reporting lines.

More information:

Follow us:

Investor.relations@gallifordtry.co.uk

twitter.com/gallifordtry

gallifordtry.co.uk/investors

linkedin.com/company/galliford-try-/

01895 855 000

youtube.com/user/GallifordTry

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Galliford Try plc published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 07:32:05 UTC.