THE ALUMASC GROUP PLC Building products for a sustainable future
The Alumasc Group plc
Report and Accounts 2022
Strategic report
Building products for a sustainable future
by delivering on our purpose to provide high-quality, low carbon, sustainable products and solutions
We are a UK-based supplier of sustainable building products, systems and solutions, the majority of which manage the scarce resources
of water and energy within the built environment, and improve the quality of life for the owner/occupier using recyclable materials.
Strategic report | Governance | Financial Statements & Company Information | |||
Highlights | 1 | Board of Directors | 52 | Independent Auditor's Report | 77 |
Chair's Statement | Corporate Governance Statement | 54 | Consolidated Statement of Comprehensive Income | 81 | |
& Investment Case | 6 | Nomination Committee Report | 59 | Consolidated Statement of Financial Position | 82 |
Our Strategy | 8 | Audit Committee Report | 60 | Consolidated Statement of Cash Flows | 83 |
Our Business Model | 10 | Directors' Remuneration Report | 64 | Consolidated Statement Of Changes In Equity | 84 |
Operating Segments | 12 | Directors' Report | 73 | Notes to the Financial Statements | 85 |
Chief Executive's Review | 18 | Statement of Directors' | Company Statement of Financial Position | 112 | |
Financial Review | 22 | Responsibilities | 76 | Company Statement of Cash Flows | 113 |
ESG Report | 25 | Company Statement of Changes in Equity | 114 | ||
TCFD | 40 | Notes to the Company Financial Statements | 115 | ||
Section 172 Statement | 42 | Financial Summary | 129 | ||
Principal Risks and Uncertainties | 46 | Additional Shareholder Information | 130 | ||
Risk Management Process | 50 | List of Subsidiaries | 132 | ||
Non-financial Information | Business and Operating Locations | 133 | |||
Statement | 51 | Company Information and Advisers | 134 | ||
Notice of Annual General Meeting | 135 |
The Alumasc Group plc Report and Accounts 2022
Highlights
Financial Highlights
Revenue*
£89.4m
2020/2021: £77.8m
Underlying* PBT
£12.7m
2020/2021: £10.0m
Reported PBT
£(5.0)m
2020/2021: £9.8m
Underlying* EPS
28.6p
2020/2021: 22.5p
Dividends per share
10.0p
2020/2021: 9.5p
Net bank debt
£4.7m
2020/2021: £0.9m
- From continuing operations. A reconciliation of underlying to statutory profit before tax is provided in note 5 to the Group financial statements.
Strategic report | Governance | Financial statements |
Operational Highlights
- Strong revenue and profit growth in core businesses
- Operating margin increased despite input cost increases
- Investment in sales and product management resource to improve capability
- Strategic decision to sell Levolux to focus on core businesses
- Actively looking for synergistic acquisitions
- Focused on investments in new products, manufacturing capability and automation
- Close alignment to the sustainability agenda - awarded London Stock Exchange Green Economy Mark
- Pensions deficit reduced further, resulting in agreement to reduce annual contributions to £1.2m from £2.3m
The Alumasc Group plc Report and Accounts 2022 | 1 |
Strategic report
Highlights continued
Making a difference
Creating long-term stakeholder value by understanding and managing our impact on the planet.
Our values:
• Trustworthy
• Responsible
• Passionate about sustainability
Social
Creating a safe, healthy and empowering working environment
Our focus
• Health & Safety
• Diversity/equal opportunities
• Employee engagement
• Community engagement
Our goals
• Zero harm
• Diverse and empowering place to work
• Support local communities
Read more
Sustainability: Social - p36
Environment
Minimising the impact of our operations while making and selling products which have a positive impact on the environment
Our focus
- Environmental solutions
- Sustainable materials
- Energy management
- Packaging/waste reduction
Our goals
- Provide environmental solutions for the built environment
- Promote circular economy
- Minimise GHG emissions
- Reduce and recycle waste
Read more
Our environmental solutions - p27 and 28
Sustainability: Environmental - p26
Governance
Our values: Conducting ourselves in an open, ethical and responsible manner
Our focus
- Board oversight
- Meaningful governance
- Code of Conduct
- Anti-modernslavery/human trafficking
- Anti-briberyand corruption
- Responsible Tax policy
- Supplier treatment policies
- Risk management
Our goals
- Developing long-term relationships with stakeholders
- Meet or exceed all applicable regulations
- Ethical supply chain
- Understand and manage our risks
Read more
Sustainability: Governance - p38
2 The Alumasc Group plc Report and Accounts 2022
Strategic report | Governance | Financial statements |
Alignment with United Nations Sustainable Development Goals (UN SDGs).
Indicators
- Increased proportion of domestic and industrial wastewater flows safely treated
- Improved water use efficiency
- Increased level of integrated water resources management
Impacts
- Roofing and Water Management products support Sustainable Urban Drainage Systems (SUDS)
Indicators
- Develop quality, reliable, sustainable and resilient infrastructure
- Upgrade infrastructure and industry to make it sustainable, resource-efficient and environmentally sound
- Enhance industrial technological capability
Impacts
- GHG emission management
- Renewable energy sourcing
- Sustainable products
Indicators | Impacts |
• Enhance inclusive and sustainable | • Roofing division provides urban green |
urbanisation | and amenity space, aiding biodiversity |
• Increase weather resilience | • Insulation and ventilation products improve |
• Provide access to safe, inclusive and | energy performance contributing towards |
accessible, green and public spaces | zero carbon buildings |
• Drainage products and green and blue | |
roofs assist stormwater management |
Indicators | Impacts | |
• Promote sustainable management | • Durable products designs to last for life of building | |
and efficient use of natural resources | • | Maximise recycled content |
• Reduce waste generation through | • Products repairable and recyclable at end of life | |
prevention, reduction, recycling and reuse | • Use of recycled packaging | |
• | Waste reduction |
Other UN SDGs supported
• | Shareholder engagement | • | Employee diversity | • Community and |
• | Customer engagement | environmental | ||
• | Banker engagement | engagement | ||
• Employee health and safety | • | Supplier engagement |
- Employee engagement
- Health & Safety
The Alumasc Group plc Report and Accounts 2022 | 3 |
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Alumasc Group plc published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 14:39:08 UTC.
