Investor relations

five year summary

Income statement
  2006 2007 2008 2009 2010
Fiscal year ends
 31/12/06 31/12/07 31/12/08 31/12/09 31/12/10
Turnover
 162.77 193.23 262.34 210.69 216.40
Expenses
 130.32 143.72 125.68 173.63 187.83
EBITDA
 36.07 55.47 140.48 45.74 39.85
EBIT
 32.44 52.04 136.68 37.04 28.63
Operating profit (reported)
 32.46 49.51 136.66 37.06 28.57
Operating profit (adjusted)
 32.44 49.52 136.68 37.04 28.63
Investment income
 0.00 0.00 0.00 0.00 –
Exceptional items
 0.02 -0.01 -0.03 0.02 -0.05
Net interest
 0.46 2.40 4.25 0.69 0.32
Pre-tax profit
 32.92 51.90 140.91 37.75 28.90
Tax
 11.70 17.45 42.14 11.50 8.96
Profit after tax
 21.22 34.45 98.77 26.24 19.93
Minority interests
 0.00 0.00 0.00 0.00 –
Profit for financial year
 21.22 34.45 98.77 26.24 19.93
Ordinary dividends
 0.00 0.00 17.64 21.82 10.40
Non equity dividends
 0.00 0.00 0.00 0.00 –
Retained profit
 21.22 34.45 81.13 4.42 9.53
Per share data
Dividend per share p
 0.00 0.00 3.56 5.70 2.60
Normalised EPS p
 5.64 9.37 24.03 6.39 4.90
Reported EPS p
 5.64 8.73 24.02 6.39 4.88
Norm discontinued EPS p
 0.00 0.00 0.00 0.00 –
Investment ratios
Profit margin
 19.93 26.93 52.10 17.58 13.23
DPS growth
 – – – 60.14 -54.48
Dividend cover x
 – – 6.75 1.12 1.89
Norm EPS growth %
 – 66.29 156.42 -73.42 -23.35
Reported EPS growth %
 – 54.75 175.25 -73.39 -23.59
Other
Market cap at B/S date
 0.00 631.34 416.73 255.45 216.70
Foreign turnover
 0.00 0.00 229.97 191.74 131.23
Discontinued turnover
 0.00 0.00 0.00 0.00 –
Discontinued pre-tax profit
 0.00 0.00 0.00 0.00 –
Discontinued post-tax profit
 0.00 0.00 0.00 0.00 0.00

GBP in Millions except per share data.

Figures from 2006 in accordance with IFRS. EUR to GBP, 2006: 1.4890, 2007: 1.36340, 2008: 1.0448, 2009: 1.1264, 2010: 1.1671

Balance sheet

  2006 2007 2008 2009 2010
Fiscal year ends
 31/12/06 31/12/07 31/12/08 31/12/09 31/12/10
Assets
Non current assets
Intangible
 0.12 0.28 0.61 0.70 0.57
Tangible
 9.38 25.76 106.17 108.52 110.97
Investments
 0.00 2.93 21.39 17.27 31.17
Other
 1.98 2.15 5.41 8.05 10.68
Total
 11.48 31.11 133.58 134.53 153.38
Current assets
Stock
 9.29 15.15 22.99 30.28 43.54
Debtors
 54.89 55.25 108.65 72.45 69.18
Cash and securities
 41.32 108.47 92.67 89.14 86.80
Total
 105.50 178.87 224.30 191.87 199.51
Total assets
 116.98 209.98 357.88 326.40 352.89
Liabilities and equity
Liabilities
Current
 56.59 56.95 82.62 59.50 81.71
Non-current
 3.90 12.60 41.10 35.93 30.63
Total
 60.49 69.55 123.72 95.43 112.33
Equity
Share capital
 5.04 64.50 84.17 78.07 75.35
Reserves
 51.45 75.94 149.99 152.90 165.21
Shareholders’ funds
 56.49 140.44 234.16 230.97 240.56
Minorities
 0.00 0.00 0.00 0.00 –
Total
 56.49 140.44 234.16 230.97 240.56
Total liabilities and equity
 116.98 209.98 357.88 326.40 352.89
Net borrowings
 -4.33 -79.41 -77.64 -62.28 -46.99
Investment ratios
Net tangible asset value per share
 15.03 33.51 55.77 55.26 57.59
ROCE
 35.69 32.65 56.81 14.88 10.53
Return on equity
 37.14 26.23 42.07 11.33 8.28
Net gearing
 -7.67 -56.54 -33.16 -26.96 -19.53
Gross gearing
Cash
 73.15 77.24 39.57 38.59 36.08
Interest cover x
 53.14 55.55 215.19 64.20 50.40
Quick ratio r
 1.70 2.88 2.44 2.72 1.91
Current ratio r
 1.86 3.14 2.72 3.22 2.44
Borrowings
Total borrowings
 36.99 29.06 15.03 26.86 39.81
Due < 1 yr
 35.82 29.06 15.03 26.86 39.81
Due 1-2 yrs
 0.00 0.00 0.00 0.00 –
Due 2-5 yrs
 0.00 0.00 0.00 0.00 –
Due < 5 yrs
 0.00 0.00 0.00 0.00 –

GBP in Millions except per share data.

Figures from 2006 in accordance with IFRS. EUR to GBP, 2006: 1.4890, 2007: 1.36340, 2008: 1.0448, 2009: 1.1264, 2010: 1.1671

Cash flow

  2006 2007 2008 2009 2010
Fiscal year ends
 31/12/06 31/12/07 31/12/08 31/12/09 31/12/10
Operating activities
 20.81 58.75 111.59 37.70 15.43
Investment returns & financing
 -0.63 -1.00 -0.69 -0.60 -0.59
Taxation
 -10.97 -15.68 -31.28 -35.86 -6.65
Investing activities
 -0.53 -13.24 -53.49 2.40 -13.27
Net outflow/inflow
 8.68 28.83 26.13 3.64 -5.07
Financing
 11.20 42.40 -43.99 -8.40 -4.51
Net cash increase
 19.88 71.23 -17.86 -4.76 -9.58
Foreign exchange adjustments
 0.05 -7.89 -31.02 7.94 10.35
Opening balance
 -14.43 16.07 126.52 59.10 46.222
Closing balance
 5.50 79.41 77.64 62.28 46.99
Investment ratios
Cash flow per share p
 2.75 11.59 20.64 0.62 2.25
CAPEX PS p
 0.65 4.87 18.71 4.50 4.20

GBP in Millions except per share data.

Figures from 2006 in accordance with IFRS. EUR to GBP, 2006: 1.4890, 2007: 1.36340, 2008: 1.0448, 2009: 1.1264, 2010: 1.1671

Dividends

  Company Sector Market
Dividend yield (E) %
 13.30 – 4.42

Next dividend dates
  
Event
 Date
Ex-dividend date
 t.b.c.
Record date
 t.b.c.
Payment date
 t.b.c

Dividend history and forecast
  
  2008 2009 2010 2011 (E) 2012 (E)
Fiscal year ends
 31/12/08 31/12/09 31/12/10 – –
DPS p
 3.56 5.70 2.60 2.68 2.21
Dividend growth %
 – 60.14 -54.48 3.16 -17.41
Dividend yield %
 – – 14.42 14.87 12.28
Dividend cover x
 6.75 1.12 1.89 1.31 1.27
IFRS accounts
 Yes Yes Yes – –

Dividend record
  
Type
 Ex-dividend date Payment date Amount (p)
Prelim
 11/05/11 08/06/11 1.71
Interim
 29/09/10 20/10/10 0.82
Prelim
 12/05/10 09/06/10 1.78

(E)=Estimate (A)=Actual or achieved result

Figures from 2006 in accordance with IFRS. EUR to GBP, 2006: 1.4890, 2007: 1.36340, 2008: 1.0448, 2009: 1.1264, 2010: 1.1671

Copyright 2012 PV Crystalox plc        Site designed and produced by design portfolio online services