Marshalls plc

2023 Half Year Results Review and Outlook

Management actions position the Group well for when markets normalise

16 August 2023

Agenda

  • Highlights
  • Key challenges and management response
  • Financial performance
  • Strategy
  • Summary and outlook
  • Questions and answers

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Marshalls plc 2023 Half Year Results Review and Outlook

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Highlights

MANAGEMENT ACTIONS POSITION THE GROUP WELL FOR WHEN MARKETS NORMALISE

Highlights

Management actions position the Group well for when markets normalise

Weak market backdrop impacts on demand and the financial results

  • Financial results in short term impacted by weak market backdrop
  • Action taken to reduce costs, improve agility and manage cash without compromising medium term capacity
  • Significant growth drivers remain following structural under- investment in UK construction
  • Well positioned for when markets normalise
  • Group PBT has potential to double on volumes c.10 per cent below 2019

Marshalls plc 2023 Half Year Results Review and Outlook

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MANAGEMENT ACTIONS POSITION THE GROUP WELL FOR WHEN MARKETS NORMALISE

Financial highlights

Revenue

Adjusted operating profit

£354.1m£41.9m

2%

13%

Adjusted basic EPS

Interim dividend

10.2p2.6p

38%

54%

Note: Adjusted PBT stated after adding back adjusting items totaling £16.5 million; see page 39 for details

Adjusted PBT

£33.2m

26%

Pre-IFRS 16 net debt

£184.6m

£23.6 million

Marshalls plc 2023 Half Year Results Review and Outlook

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Disclaimer

Marshalls plc published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 08:10:05 UTC.