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4 of 6.1p (FY2020: 3.6p) · Cash conversion of 106% and cash at bank of £5.7m as at 31 March 2021 (net debt: £7.3m) · Sales Backlog · Final Dividend
6 of 0.4p per share (FY2020: nil). This follows the maiden interim dividend of 0.2 pence per share in January 2021 · 71% of revenue from public services in the period (FY2020: 64%), with Local Government representing 24%, Central Government 20%, Healthcare 9%, Education 4% and the remaining 14% coming from other public services including Housing and Not-for-Profits · Secured a number of high profile, multi-disciplinary contracts through brand consolidation, including with NHS Business Services Authority (BSA), Planning Inspectorate and HM Land Registry · Commercial sector revenues grew in line with o
improved OUTLOOK FOR fy22
Renewi plc (LSE: RWI), the leading international waste-to-product business, announces its results for the year ended 31 March 2021.
Financial Highlights
Robust results reflect resilient business model, swift Covid-19 cost and cash action, and a significant improvement in the second half
Revenue from ongoing businesses flat and revenue from continuing operations down 5% to €1,694m1
Underlying EBIT from ongoing businesses 3% below prior year and above previous guidance at €73.0m1
Statutory profit of €11.0m compared to a loss of €77.1m in the prior year
Core net debt reduced to €344m from €457m last year, representing net debt to EBITDA of 2.2x
o Revenue down 12% underlying o Cash operating income² down 13% underlying; 11% margin o Adjusted³ operating profit down 19% underlying; 9% margin o Adjusted profit before tax down 20% underlying o Adjusted EPS up 12% · Interim dividend increased +1% to 7.6p · Statutory · Active portfolio management strategy delivering value creation: o Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn
5 vs £117m total investment o Disposal of EdTech (Hobsons) for c.US$410m in March 2021 o Acquisition of New Scientist for £67m in March 2021 · Strong financial position maintained: pro forma net cash £293m
6 and £362m of committed undrawn bank facilities; statutory net cash £199m