333体育平台官网

Re-iterating 2021 outlook; interim dividend up 43% compared to 2019

• Financial and operational performance
  • Underlying profit from operations (PFO) at 拢60 million (2020: 拢14 million loss)
  • Strong Support Services performance also benefited from end of contract gains and exit from gas and water sector
  • Construction Services negatively impacted by private sector property projects in central London
  • Re-commenced Infrastructure Investments disposals; Directors鈥� valuation maintained at 拢1.1 billion (FY 2020: 拢1.1 billion)
  • Continued strong cash performance with average net cash at 拢611 million (FY 2020: 拢527 million)
• Growing infrastructure markets
  • Group order book at 拢16.1 billion (FY 2020: 拢16.4产苍); weighted to infrastructure; 80% with public sector & regulated clients
  • UK Construction order book at 拢6.2 billion driven by infrastructure projects; 90% with public sector & regulated clients
• Sustainability
  • Building on its beyond net zero carbon by 2040 ambition, Group is now a signatory to the UN Race to Zero campaign
• Shareholder returns
  • Purchased 拢99 million of 拢150 million 2021 share buyback programme in the first half of the year
  • Interim dividend at 3.0 pence, 43% higher than pre-pandemic level (2020: Nil; 2019: 2.1 pence)
• Outlook
  • Re-iterating 2021 PFO outlook for earnings-based businesses to be in line with 2019
  • Support Services margin target range raised from 3-5% to 6-8%; increased Group expectations for 2022

Leo Quinn, 333体育平台官网 Group Chief Executive, said: 鈥淲e continue to reshape 333体育平台官网 to play to its strengths. These include leading capability in markets where governments are committed to long-term infrastructure programmes. 听It means choosing to exclude regions and sectors which cannot provide profitable, low risk growth, in favour of those that can.听 Our priority is on executing our already strong order book which will drive attractive cash generation and听returns.

鈥淭oday, we are substantially increasing our interim dividend on the pre-pandemic level and raising margin targets in Support Services.鈥�

To read the announcement in full, please click听here.

Notes:

¹听Including share of joint ventures and associates

²听Before non-underlying items (Note 8)

³听Non-recourse net borrowings are cash and debt that are ringfenced within certain infrastructure investments project companies

A reconciliation of the Group鈥檚 performance measures to its statutory results is provided in the Measuring our financial performance section

ENDS

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All non-media related enquiries should be directed to +44 (0)20 7216 6800 or听[email protected]

Notes to editors:

• 333体育平台官网 () is a leading international infrastructure group with 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow. 鈥�
• We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.鈥�
• Over the last 112 years we have created iconic buildings and infrastructure all over the world including: the 拢1.5 billion A14 improvement scheme - Britain鈥檚 biggest road project; Hong Kong鈥檚 HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.