Cohesive Consistent Confident

Henry Boot PLC
Annual Report and Financial Statements for the year ended 31 December 2015
www.henryboot.co.uk
Stock Code: BHY
Long-term
Financial Strength
Talented
People
Responsible
Practices
We have long-established
relationships with our key funding
partners, Barclays Bank PLC, The
Royal Bank of Scotland plc and
Santander UK plc. We maintain
headroom within our three-year
banking facilities, renewed from
February 2015, and consider our
property investment portfolio as
a ‘store of value’ to be realised to
augment these facilities if required.
The land bank and development
opportunities, together with the
investment portfolio, have been
acquired largely from retained
resources ensuring our gearing levels
are prudent. In the longer term we
aim to achieve a healthy return on
capital employed and dividend cover
for reinvestment in our core activities
which, in turn, creates improving
longer-term shareholder returns.
Our revenues have remained consistently strong and allowed us to weather the cyclical
economic landscape, through the diversification of our activities.
This is how our individual business segments have contributed to the Group over the last five years.
Profit before tax (£m)
35
30
25
20
15
10
5
0
£11.1
£5.9
(£4.7)
2011
£1.9
£1.9
£8.6
2012
£11.1
£9.0
(£2.3)
2013
The Group’s employees are at the
heart of all that we achieve. Our
people are highly talented, successful
and motivated individuals and are
essential to the success of the Group.
We are committed to ensuring that
we have the right people working
for us and we manage this process
through a robust people strategy.
Their skill, commitment, drive and
enthusiasm are vitally important
to the long-term success of our
business. We succeed in the delivery
of shareholder value because our
people, individually, achieve the
targets set for them. They source
and acquire land, promote planning
consents, acquire, develop, manage
or sell investment properties and
service constructors with plant, run
our PFI project and refurbish and
construct buildings.
CAGR 19.1%
£13.1
£4.6
£10.1
2014
£19.1
£3.5
£9.9
2015
Group revenue (£m)
200
150
100
50
0
£30.1
£12.8
£72.3
2011
£8.8
£15.7
£80.0
2012
£37.6
£37.9
£82.2
CAGR 11.4%
2013
Delivering long-term shareholder value
Continuous improvement lies at
the heart of our business and our
corporate responsibility programme
supports our business approach to
acting responsibly whilst we continue
to grow and evolve our business
operations.
Core to our continuing progress
are four key aims:
1. To ensure that all our employees
have a safe and healthy work
environment.
2. To support our people in realising
their full potential.
3. To support the development of
the local communities in which we
operate.
4. To take responsibility and reduce
our impact on the environment.
Prudent Gearing Strong Governance Consistent Dividend Policy
£39.0
£26.1
£88.3
Land Development Property Investment and Development Construction
2014
£46.7
£50.3
£90.6
2015
Shareholder Information Financial Statements
Governance
Strategic Report
Overview
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