Key Performance Indicators

The Group's KPIs monitor progress towards the achievement of its objectives.

Revenue/Adjusted profit before tax

Revenue (£'m)

£671.2

2023 671.2
2022 719.4
2021 589.3
2020 469.5
2019 541.8
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Adjusted profit before tax (£'m)

£53.3

2023 53.3
2022 90.4
2021 73.3
2020 23.7
2019 71.7
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Adjusted EPS/Adjusted ROCE

Adjusted EPS

16.7 pence

2023 16.7
2022 31.3
2021 29.2
2020 9.2
2019 30
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Adjusted ROCE (%)

8.4

2023 8.4
2022 13.3
2021 20.6
2020 8.2
2019 21.4
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Net debt/Adjusted operating cash flow conversion

Pre-IFRS 16 net debt (£'m)

£172.9

2023 172.9
2022 190.7
2021 0
2020 26.9
2019 10
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Adjusted operating cash flow conversion ("OCF")

OCF:EBITDA (proforma rolling annual basis)

106%

2023 106
2022 91
2021 80
2020 49
2019 96
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Customer Service/Health and Safety

Climate change (excluding Marley)

decrease in absolute carbon emissions in 2023

10%

2023 32.6
2022 36.3
2021 37.6
2020 37.9
2019 52.6
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Health and safety (lost time incident frequency rate) (excluding Marley)

compared with the target benchmark of 2.28

0.78

2023 0.78
2022 1.74
2021 2.68
2020 1.73
2019 2.29
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