CHEMRING GROUP PLC CHEMRING GROUP PLC
RESULTS FOR THE YEAR ENDED 31 OCTOBER 2022
A STRONGER GROUP DELIVERING SUSTAINABLE GROWTH
MICHAEL ORD
GROUP CHIEF EXECUTIVE
2022 OVERVIEW - DELIVERING SUSTAINABLE GROWTH
Group | Operating | EPS | Cash | Net debt | ||||
performance in | profit | 19% | conversion | 73% | ||||
line with | 109% | |||||||
11% | 19.7p | £7m | ||||||
expectations | ||||||||
£64.0m | ||||||||
Good progress | Continued | 2023 expected | ||||||
progress on | Dividend per | Order book | revenue | |||||
on strategic | ||||||||
ESG and | share | 30% | 86% | |||||
imperatives in | ||||||||
both sectors | sustainability | 19% | £651m | covered by | ||||
agenda | ||||||||
5.7p | order book | |||||||
Balancing short-term performance with long-term growth and value creation
Numbers set out on this slide are underlying measures as reported for the year ended 31 October 2022
3 | CHEMRING GROUP PLC | RESULTS FOR THE YEAR ENDED 31 OCTOBER 2022 |
ANDREW LEWIS
CHIEF FINANCIAL OFFICER
GROUP PERFORMANCE
H1 H2
Revenue (£m)
450
300
150
0
Profit before tax (£m)
70
60
50
40
30
20
10
0
EPS (pence)
20
15
10
5
0
2019 | 2020 | 2021 | 2022 |
2019 | 2020 | 2021 | 2022 | 2019 | 2020 | 2021 | 2022 |
FINANCIAL HIGHLIGHTS
- Revenue up 13% to £443m (2021: £393m)
- Operating profit growth of 11% to £64.0m (2021: £57.5m)
- Operating margin stable at 14.5% (2021: 14.6%)
- Diluted EPS increased 19% to 19.7p (2021: 16.5p)
- Operating cash conversion of 109% of EBITDA (2021: 105%)
- Net debt down to £7m (2021: £27m)
- Full year dividend up 19% to 5.7p per share (2021: 4.8p)
OPERATIONAL HIGHLIGHTS
- Strong performance at Roke, with order intake of £168m, up 59%, revenue exceeding £100m and double digit growth in operating profit
- Operational delivery at C&E sites driving margin progression, investment in sites progressing
- Order intake up 28% to £551m with strong performance across both segments
- Closing order book of £651m, £403m expected to be delivered in 2023
- 2023 expected revenue approximately 86% covered by order book
5 | CHEMRING GROUP PLC | RESULTS FOR THE YEAR ENDED 31 OCTOBER 2022 |
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Chemring Group plc published this content on 13 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2022 07:04:02 UTC.
