Annual Report 2014

STRATEGIC REPORT - Key performance indicators

for FY2014 and FY2015

Strategic Priority

KPI

Definition

(see also financial definitions on page 136)

FY2014 performance

FY2015 Focus

Links to other Disclosures

To enhance earnings growth

Operating Profit

Operating profit (before exceptional items)

FY2012

FY2013

FY2014

167303.png

€111.2m

€114.6m

€126.7m

To seek continuing growth, through revenue enhancement, acquisition synergies and cost control

Group CFO Review page 30

Operating Margin

Operating profit (before exceptional items), as a percentage of net revenue

FY2012

FY2013

FY2014

181117.png

23.1%

24.0%

20.4%

Group CFO Review page 30

To enhance earnings growth

Sales and marketing as % of NSV

Sales and marketing expense, including overheads, as a percentage of net revenue

FY2012

FY2013

FY2014

181122.png

15.9%

13.8%

11.0%

To optimise the return achieved on the sales and marketing budget

To enhance earnings growth

Adjusted diluted earnings per share

Attributable earnings before exceptional items divided by the average number of shares in issue as adjusted for the dilutive impact of equity share awards

FY2012

FY2013

FY2014

181126.png

27.6c

27.9c

29.5c

To achieve adjusted diluted eps growth in real terms

Group CFO Review page 30

To generate strong cash flows

Free Cash Flow

and

Free Cash Flow is a non GAAP measure that comprises cash flow from operating activities net of capital investment cash outflows which form part of investing activities

FY2012

FY2013

FY2014

181130.png

€102.6m

€54.8m

€61.6m

To generate improved

operating cash flows

Group CFO Review page 33

Free Cash Flow

Conversion Ratio

The conversion ratio is the ratio of free cash flow as a percentage of EBITDA before exceptional items

FY2012

FY2013

FY2014

181135.png

78.1%

40.2%

40.9%

 

Group CFO Review page 33

To ensure the appropriate level of financial gearing and profits to service debt

Net debt: EBITDA

The ratio of net debt (Net debt comprises borrowings (net of issue costs) less cash) to Adjusted EBITDA (calculated in accordance with the Group’s revolving credit facility agreement)

FY2012

FY2013

FY2014

181140.png

n/a

0.85x

0.99x

This ratio will be held consistent with free cash flow conversion and returns to shareholders

Group CFO Review page 32

To deliver sustainable shareholder returns

Progressive dividend/return to shareholders

Total dividend per share paid and proposed in respect of the financial year in question

FY2012

FY2013

FY2014

181144.png

8.17c

8.75c

10.0c

The Group will continue to seek to enhance shareholder returns

Chairman’s Statement page 7

Dividend Cover

Dividend cover is Dividend/Adjusted diluted EPS

FY2012

FY2013

FY2014

181148.png

29.6%

31.4%

33.9%

To achieve the highest standards of environmental management

Reduction in CO2 emissions

Tonnes of CO2 emissions per site1

FY2012

FY2013

FY2014

181157.png

40,869t

39,938t

36,618t

To achieve best practice across the Group, including acquired businesses

Corporate Responsibility Report page 38

To achieve the highest standards of environmental management

Waste recycling

Tonnes of landfill per site2

FY2012

FY2013

FY2014

181162.png

172t

120t

113t

To achieve best practice across the Group, including acquired businesses

Corporate Responsibility Report page 38

To ensuring safe and healthy working conditions

Workplace safety accident rate

The number of injuries that resulted in lost-work days, per 100,000 hours working time in production facilities2

FY2012

FY2013

FY2014

181167.png

1.4

2.7

1.6

To achieve best practice across the Group, including acquired businesses

Corporate Responsibility Report page 44

1 Clonmel, Wellpark and Shepton in FY2012 and FY2013, plus Vermont in FY2014

2 Clonmel, Wellpark and Shepton