Aligned to sectors with strong growth potential in UK and Europe
Significant opportunity to grow profits in India
Built on a platform of operational excellence
Continued momentum from operational improvement initiatives
Well invested business with >£50m CAPEX over last eight years
All underpinned by a strong
focus on sustainability
Internal roadmap to net zero by 2040
Top UK construction business in FT climate change listing
Resilient business
through economic cycles
Sector, geographical and client diversity
Good earnings visibility from record order book and strong pipeline
Delivering strong returns,
cash generation and progressive dividend
Five year average ROCE >15%
Typically convert >85% of profits into cash
3
Severfield Full Year Results - 26 March 2022
Resilient profit performance
PBT £m
30
28.6
27.1
25
24.7
24.3
23.5
20
19.8
Six year CAGR 13%
15
13.2
10
Brexit, COVID-19, and inflationary pressures
2016
2017
2018
2019
2020
2021
2022
Combined profits of over £160m in the last 7 years
4
Severfield Full Year Results - 26 March 2022
Headlines
Revenue up 11% to £403.6m
Underlying profit before tax up 11% to £27.1m - demonstrates our resilience in challenging market conditions
Net debt of £18.4m - reflects normalisation of working capital, inflation and higher steel purchases
Record UK and Europe order book of £486m - good earnings visibility through 2023
Return to profitability for India - group share of profit of £0.8m
Strong and growing India order book of £158m
Underlying basic EPS up 12% at 7.2p per share
Total dividend up 7% to 3.1p per share
Expectations for 2023 are unchanged despite current inflationary pressures
5
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Severfield plc published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 12:13:01 UTC.
Severfield plc is a United Kingdom-based structural steel company that offers various products, such as Severstor, Rotoflo, Siloflo, Bin Activator, Seversafe, Fabsec and Processing. The Company's services include design, manufacturing, fabrication, delivery, construction and project management. It operates in three segments: Core Construction, Modular Solutions, and JSSL. Its projects include Stadia & Leisure, Transport infrastructure, Commercial Projects, Industrial Projects, and Health and Education Projects. Its Stadia & Leisure projects include Fulham FC Riverside Stand, Tottenham Hotspur Stadium, Wimbledon No.1 Court, V&A Dundee and others. Its Transport infrastructure projects include Ordsall Chord, Ely Southern Bypass and Manchester Airport Multi-Storey Car Park. Its Commercial Projects include 22 Bishopsgate, The Shard and Arbor Bankside Yards. Its Industrial Projects include BRS2 Distribution Centre, Luton Regional Distribution Centre and Stafford Regional Distribution Centre.