NWF GROUP PLC Resilience and growth
NWF Group plc
Half Year Results to 30 November 2020
Groupoverview | NWFGroupplc | 2 |
Leadership team | Half Year Results to Nov 2020 | |
Richard Whiting | Chris Belsham | ||
Chief Executive | Group Finance Director | ||
Key skills | Key skills | ||
• | Strategy and leadership | • | Finance |
• | Sales and marketing | • | Mergers and acquisitions |
• | Operations | • | Strategy |
- Finance
• Mergers and acquisitions | Experience |
Experience | Joined as Finance Director in 2017. Previously an equity partner and head of |
corporate finance at Irwin Mitchell LLP having joined the business in 2014 | |
Joined in 2007. Previously group finance director of Heywood Williams | from KPMG Corporate Finance. Qualified as a Chartered Accountant with PwC |
Group plc, after joining as business development director from Brand-Rex | in 1999. |
Ltd, where he was managing director of the datacom division. |
Groupoverview | NWFGroupplc | 3 |
Key highlights | Half Year Results to Nov 2020 | |
NWFisaspecialist distributorof fuel, foodandfeedacrosstheUK.
Summary
- Strong track record of delivering increased shareholder returns
- Group operates in large stable markets
- Strongly cash generative with dividend growth
- Clear growth strategy
- Demonstrated resilience through financial crisis and Covid-19
Fuels
Supplying fuel to commercial and domestic customers across the UK
- Third largest oil distributor in the UK
- 665 million litres delivered in 2020
- Road diesel, gas oil, heating oil and petrol
- 25 depots across the UK
- 154 tankers delivering fuel
- 116,000 customers, both commercial and domestic
- Five acquisitions in last two years in a fragmented market
Food
The leading North West ambient grocery consolidator
- Boughey Distribution is a leading consolidator of ambient grocery products
- Over 1 million ft2 of modern, racked warehousing in Cheshire
- 135,000 pallet spaces
- 123 trucks and 266 trailers
- 200 contracted ambient grocery customers
-
Significant expansion of
35,000 pallet spaces in 2020 - new Crewe 240,000 ft2 warehouse
Feeds
Delivering nutritional advice and feed to ruminant farmers across the
UK
-
Second largest national ruminant feed supplier -
feeds one in six dairy cows - Feed mills in Cumbria, Cheshire and Devon
- 625,000 tonnes sold in 2020
- 4,750 farming customers
- 40 trucks and 14 trailers
- Principally dairy, also beef and sheep
-
Launched NWF Academy
in 2019 training future nutritionists
Groupoverview | NWFGroupplc | 4 |
Results summary | Half Year Results to Nov 2020 | |
Solidperformanceinlinewithexpectations
Revenue | Headline operating profit* | Headline profit before tax* | |||||||||
£309.4m | £3.0m | £2.5m | |||||||||
-11.3% | -14.3% | -16.7% | |||||||||
20 | 20 | 20 | |||||||||
£309.4m | £3.0m | £2.5m | |||||||||
19 | 19 | 19 | |||||||||
£348.9m | £3.5m | £3.0m | |||||||||
Headline earnings per share* | Net debt (excl. IFRS 16 'Leases') | Dividend per share | ||||||||
4.3p | £16.5m | 1.0p | ||||||||
-15.7% | EBITDA* ratio: 0.9x | |||||||||
20 | 20 | 20 | ||||||||
4.3p | £16.5m | 1.0p | ||||||||
19 | 19 | 19 | ||||||||
5.1p | £14.9m | 1.0p | ||||||||
- Stated before exceptional items, amortisation of acquired intangibles and the net finance cost in respect of the Group's defined benefit pension scheme, and the tax effect thereon where relevant. Net debt to headline EBITDA is calculated excluding the impact of IFRS 16
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NWF Group plc published this content on 02 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2021 10:03:01 UTC.
