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Certain statements in this presentation are forward-looking statements.
Such statements are based on current expectations and by their nature are
subject to a number of risks and uncertainties that could cause actual results
and performance to differ materially from any expected future results or
performance expressed or implied by the forward-looking statement.
The information does not assume any responsibility or obligation to update
publicly or revise any of the forward-looking statements contained herein.
Introduction
Adrian Colman, Chief Executive Officer
Financial Review
Tim Lawlor, Chief Financial Officer
3
Wincanton plc 2017. All rights reserved
Introduction
Adrian Colman
Chief Executive Officer
Wincanton
Wincantonplc
plc2016.
2017.All
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Overview
5
Wincanton plc 2017. All rights reserved
Financial Review
Tim Lawlor
Chief Financial Officer
Wincanton
Wincantonplc
plc2016.
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Financial Summary
7
Wincanton plc 2017. All rights reserved
Revenue by Segment*
1,200
1,132 1,118
Revenue decrease of 14m, (1.3%)
1,000 excl. WRM
Impacted by contract exits
800 624
649
Volumes
Revenue (m)
508 469
200
0
2015/16 2016/17
Retail & Consumer
Industrial & Transport
* on a like for like basis excluding WRM from the prior period
8
Wincanton plc 2017. All rights reserved
Underlying Operating Profit*
50
Op profit (m)
45
40
35
30
2012/13 2013/14 2014/15 2015/16 2016/17
* on a like for like basis excluding WRM from the prior period 9
Wincanton plc 2017. All rights reserved
Financing Costs
10
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Exceptionals
11
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Taxation
12
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Cash Generation
2016/17 2015/16 Capex increase supports new
m m
business growth. e.g. Hanson
EBITDA 63.9 65.4
and EnergyLink
Net capex (18.7) (6.0)
Onerous leases (2.7) (7.7)
Reduction in onerous lease
payments as properties exited
Working capital 6.5 (51.8)
as planned
Tax (2.6) (3.1)
Net interest (6.8) (9.1) Period end working capital
Other items 0.2 0.1 flows normalised
Free cash flow 39.8 (12.2)
Disposal of WRM - 55.7
Total cash generation 39.8 43.5
(m)
107.6
80 80
64.9
57.6 average
40 40 net debt 54
39.5
closing net
24.3 debt 24
0 0
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
14
Wincanton plc 2017. All rights reserved
Pension
15
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Dividend and Underlying EPS
16
Wincanton plc 2017. All rights reserved
Operational and
Strategic Update
Adrian Colman
Chief Executive Officer
Wincanton
Wincantonplc
plc2016.
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Retail & Consumer
2016/17 2015/16
m m
Revenue 649.3 624.4
18
Wincanton plc 2017. All rights reserved
Industrial & Transport
2016/17 2015/16
m m
Revenue 468.8 508.1
19
Wincanton plc 2017. All rights reserved
Our Strategy
Put the customer at Deliver integrated and Differentiate market Invest in our people to
the centre with sector consistent services to position through become an aspirational
focused strategies optimise operations innovative solutions organisation to work for
20
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Improving Share of Wallet
Improving share
of wallet with
existing customers
and cross sell our
services
21
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Acquiring New Customers
Acquiring new
customers
through improved
prospecting and
innovative service
propositions
22
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Outlook
23
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Questions
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Income Statement Summary
2016/17 2015/16
m m
Revenue 1,118.1 1,147.4
26
Wincanton plc 2017. All rights reserved
Balance Sheet Summary
2016/17 2015/16
m m
Non-current assets 147.9 148.5
Net current liabilities (excluding net debt) (152.5) (150.9)
Non-current liabilities (excluding net debt &
(32.1) (36.8)
pension deficit)
Net debt (24.3) (39.5)
Pension deficit (gross) (78.4) (105.6)
Net liabilities (139.4) (184.3)
27
Wincanton plc 2017. All rights reserved
Revenue Analysis
Retail & Consumer
228.7m
234.7m
35%
38%
315.5m 278.2m
49% 44%
28
Wincanton plc 2017. All rights reserved
Revenue Analysis
Industrial & Transport
207.0m 234.8m
44% 46%
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Wincanton plc 2017. All rights reserved
Revenue Analysis*
Open and Closed Book
440.0m 457.2m
39% 40%
678.1m
61% 675.3m
60%
* on a like for like basis excluding WRM from the prior period
30
Wincanton plc 2017. All rights reserved
Disposed Operations
WRM Element of 2015/16 Reported Results
31
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Thank You
Wincanton
Wincantonplc
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2017.All
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