Galliford Try : Download our Annual Report & Accounts 2021

In this report

Strategicreport

2 Ourbusinessataglance

1. Ourbusinessmodel

1. Ourinvestmentcase

1. Chairman'sstatement

1. ChiefExecutive'sreview

1. Marketreview

1. Ourstrategy

1. Q&AwiththeChiefExecutive

1. Operatingsustainably 23  Peopleandculture 26  Healthandsafety
   28  Environmentandclimatechange 31  Supplychain
   32  Clients
   33  Communities
   34  Humanrightsandmodernslavery

1. Riskmanagement

1. Financialreview

1. Operatingreview

1. Stakeholderengagementands172(1)statement

Governance

54 Chairman'sreview

1. DirectorsandExecutiveBoard

1. Governancereview

1. NominationCommitteereport
2. AuditCommitteereport

1. RemunerationCommitteereport

1. Directors'RemunerationPolicyreport

1. Annualreportonremuneration

1. Directors'report

1. Statementofdirectors'responsibilities

Financialinformation

1. Independentauditors'report

1. Consolidatedincomestatement

1. Consolidatedstatementof comprehensiveincome
2. Balancesheets
3. ConsolidatedandCompanystatements ofchangesinequity
4. Statementsofcashflows
5. Notestotheconsolidatedfinancialstatements

1. Five-yearrecord(unaudited)
2. Shareholderinformation

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About Why us Sectors Sustainability Careers Investors News

We are a people-orientated, progressive business, driven by our values

Visit our Results Centre to watch our results presentation &

About us

Galliford Try is one of the UK's leading construction groups, working to improve the UK's built environment and delivering lasting change for the communities we work in

Read more &

Visit: www.gallifordtry.com for more information.

Cover photo: The Exchange, Birmingham.

Financialperformance

Revenue

£1,124.8m

(2020: pre-exceptional £1,089.6m and statutory £1,121.6m)

Operating profit before amortisation

£10.1m

(2020: pre-exceptional loss £62.2m and statutory loss £37.1m)

Profit before tax

£11.4m

(2020: pre-exceptional loss £59.7m and statutory loss £34.6m)

Dividend per share

4.7p

(2020: nil)

Net cash

£216.2m

(2020: £197.2m)

Keydevelopmentsintheyear

  Successfully transitioned to a leading UK construction business.

  Embedded excellent culture, with teams aligned to our purpose.

  Published our net zero carbon ambitions.

  Strengthened foundations of risk management and contract discipline.

  Performed strongly: controlled

growth, cash generation and improved margins.

  Returned to profitability and reinstated dividends.

  Excellent order book and strongly positioned to contribute to the UK's economic recovery.

Strategyupdate

Our updated strategy elevates our ambitions and aligns profit with purpose. Sustainability driven by digitalisation, decarbonisation and social value, is at its heart, responding to stakeholder needs and increasing the long-term operational and financial resilience of the organisation.

  Ourstrategyp18

Sustainable growth

Overthelastyear,wehaveemergedstronger, returningtoprofitabilityandconfirmingour positionasaleadingUKconstructiongroup, despitethechallengesofthepandemic.

Ourupdatedstrategywillensurethatwe developourbusinessinasustainableand profitableway,whiledeepeningour commitmenttoaprogressiveculture, sociallyandenvironmentallyresponsible delivery,qualityandinnovation.

Our purpose, vision and values shape our culture, proactively guiding our day-to-day activities, keeping us focused on what's important and delivering long-term sustainable value for our stakeholders.

Bill Hocking

Chief Executive

  Ourstrategyp18

Ourpurpose

To improve people's lives by building the facilities and infrastructure that communities need while providing opportunities for our people to learn, grow and progress; working with our supply chain to promote the very best working practices; and caring for the environment in which we work.

Ourvision

To be a people-orientated, progressive construction business, driven by our values to deliver for our stakeholders and the communities we work in.

Ourvalues

Excellence

Striving to deliver the best.

Passion

Committed and enthusiastic in all we do.

Integrity

Demonstrating strong ethical standards with openness and honesty.

Collaboration

Dedicated to working together to achieve results.

Building

isfocusedonthehealth,education anddefencesectorsandalsoserves commercialclients.

PPPInvestments

deliversmajorbuildingandinfrastructure projectsthroughpublic-privatepartnershipsandco-development opportunities,generatingworkfor

thewiderbusinessintheprocess.

Infrastructure

carriesoutcivilengineeringprojects, specialisinginthehighwaysand environmentsectors.

FacilitiesManagement(FM)

workswithBuilding,withanemphasison theeducationandhealthsectors,allowingus toprovidehigh-quality,fulllife-cyclesolutions toourclients.

Wherewedoit

Our network of regional offices offers clientsnationalstrengthwithlocal delivery.Infrastructureoperates nationally,withBuildingoperating acrosstheUKthroughnineregions.

AreasofBuildingofficelocations

1. Morrison Construction Highland
2. Morrison Construction North East
3. Morrison Construction Central
4. Building North East & Yorkshire
5. Building North West
6. Building West Midlands & South West
7. Building East Midlands
8. Building London & South East Commercial
9. Building Southern

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