Half Year Results

to 30th June 2022

4th August 2022

Agenda

  • Introduction | John Morgan
  • Financial & Operational Review | Steve Crummett
  • Outlook | John Morgan

HY Results 2022

2

Introduction

  • Record first half results despite inflation and market headwinds
  • Continued balance sheet strength with significant daily cash
  • Operational rigour, contract discipline and risk management a key focus for the Group
  • High-qualityorder book with good prospects in the pipeline
  • Interim dividend up 10%
  • Expect to deliver a result for FY 2022 which is slightly ahead of our previous expectations

HY Results 2022

3

Financial & Operational Review

Steve Crummett

Summary Income Statement

Adjusted* basis

HY 2022

HY 2021

Change

£m

Revenue

1,698

1,559

+9%

Operating profit

56.9

54.8

+4%

Operating margin

3.4%

3.5%

-10bps

Net Interest

(2.3)

(1.7)

-£0.6m

Profit before Tax

54.6

53.1

+3%

Tax

(10.9)

(10.2)

-£0.7m

Profit after Tax

43.7

42.9

+2%

Earnings per Share (p)

95.8p

93.1p

+3%

Dividend per Share (p)

33.0p

30.0p

+10%

  • before intangible amortisation of £0.9m (HY 2021: before intangible amortisation of £0.7m and deferred tax charge of £1.9m)

HY Results 2022

Record first half performance for the Group

5

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Morgan Sindall Group plc published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 08:56:04 UTC.