Galliford Try : FY21 Fact Sheet

Fact sheet

Galliford Try Holdings plc is a leading construction group, carrying out building and infrastructure works across the UK

Our purpose

Our purpose is to improve people's lives through building the facilities and infrastructure that communities need, providing opportunities for our people to learn, grow and progress, working with our supply chain to promote the very best working practices and caring for the environment in which we work.

Our business

Operating as Galliford Try and Morrison Construction, our work for public and private sector clients is well balanced and extensive.

We are focused on the health, education, defence, highways and environment sectors, where we have core and proven expertise, and a strong pipeline, as well as having growing capabilities in FM and PPP Investments.

We have circa 2,700 passionate and talented employees across the UK and 7.2% of them are graduates, apprentices or trainees.

Revenue

£789.2m

Building

Infrastructure£1.1bn

£329.2m

Average month-end cash

£164m

Order book

9%

Public and regulated

Private	£3.3bn
	91%

Key strengths

• Well-capitalisedand debt-free.
• National coverage with local delivery.
• Disciplined approach to project selection and rigorous risk management.
• Strong, long-term, collaborative client relationships.
• Excellent position in frameworks and in public and regulated sectors.
• Government investment for the industry.
• Committed to creating long-term stakeholder value.

Order book by sector

Building	Total £1.92bn
Education	£530m
Defence and custodial	£389m
Health	£300m
FM	£403m
Commercial	£298m

Infrastructure	Total £1.35bn
Highways	£512m
Environment	£836m

At 30 June 2021.

Sustainable Growth strategy

Our updated strategy elevates our ambitions and sets objectives which align profit with purpose. Sustainability, driven by digitalisation, decarbonisation and social value, is at its heart, responding to stakeholder needs and increasing the long-term operational and financial resilience of our organisation.

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A people orientated, progressive culture driven by our values.

Health and safety

Our people

Protect the environment and create greater social value for communities.

Environment and climate change Communities

Progressive	Strategy	Quality and
culture		innovation

Deliver high-quality

buildings and infrastructure in a socially responsible way and provide a sustainable return for our shareholders

Socially	Sustainable
responsible	financial
delivery	returns

.

Deliver excellence for our clients.

Clients

Supply chain

Earn a sustainable return on the value we deliver.

Our sustainability commitments

Our KPIs have been updated to reflect our new strategy period to 2026.

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Strategic priorities

Progressive culture

Socially responsible delivery

Quality and innovation

Sustainable financial returns

Sustainability pillars	Objective	Ambition	FY21
Health and	Accident Frequency Rate	No harm	0.08
HEALTH safety	Lost Time Incident Rate	No harm	0.26
	Early careers as % total employees	YoY increase	7.2%
Our people	Women as a % of total employees	YoY increase	23.0%
	Employee advocacy	YoY increase	New measure
Environment	Scope 1 and 2 carbon emissions (CO2e tonnes)	Net zero by 2030	8,881
and climate	Scope 3 carbon emissions (CO2e tonnes)	Net zero by 2045	New measure
change	Waste intensity (tn/£100K revenue)	YoY reduction	7.6
Communities	Social value as a % turnover	YoY increase	New measure
CCS performance	>38 and above industry ave	40.6 (industry ave. 38.0)
Clients	% of repeat business in order book	>80%	92%
% full year planned revenue secured at start of the financial year	>85%	90%
Supply chain	% business unit core trades spend with Aligned subcontractors	70%-80%	59%
Prompt payment - % of invoices paid within 60 days	>95%	93%
SUPPLY CHAIN
Objective		2026 target	FY21
Focus on bottom line margin growth.	Divisional operating margin	2.0%
growth to 3.0%.
Disciplined contract selection and sustainable revenue growth.	Revenue growth towards £1.6bn.	£1,125m
Maintain strong balance sheet	Operating cash generation.	Average month
end cash £164m
Sustainable dividends		Dividend cover of 2.0-2.5x.	Dividend cover of 2.0x1

1Covered by earnings from continuing operations.

Risk management

Assessing and managing risks and uncertainties is the central element of our process and business strategy. Commercial control and rigorous risk management are an integral part of our strategy. We achieve this through our:

• Focus on margin improvement as we grow.
• Disciplined approach to project selection including:
• • Ensuring appropriate terms and conditions for each project.
  • Employing margin thresholds.

• • Peer reviews of bids and contract reporting.
  • Board approval for all bids over £25m and other risk factors.
• Aligned and informed supply chain.
• Clear management reporting lines.

More information:

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gallifordtry.co.uk/investors	linkedin.com/company/galliford-try-/
01895 855 000	youtube.com/user/GallifordTry