Revenue growth across all divisions converting strongly to profit and cash
Strong revenue growth
Converting strongly to
profit and cash
Continued strategic
progress
Confident in prospects
for full year
Group revenue increases by 34% to £1.3bn
Strong growth across all divisions, and particularly in our discretionary coach businesses
Momentum building with Q2 stronger than Q1
Benefits of operational leverage as we return to scale
Operating profit up 295% to £91m
Step up in operating margin to 7% and cash conversion increased to 70%
Strong growth pipeline - £2.1bn bidding and acquisition opportunities, predominantly in ALSA and North America
16 new contract wins, entry into Portugal with mobilisation of Lisbon, and one of two in final stage in Dubai
Progressing fleet decarbonisation - UK Bus business on track to 50% zero emission by 2025
Strong first half performance provides confidence for full year
UK Coach recovery expected to build in H2
Remain focused on managing inflationary environment
Continue to anticipate reinstating the dividend for FY 2022
4
Introduction and highlights
Evolve delivering progress across all divisions
ALSA
Demand recovery in Long Haul and strong Morocco performance driving revenue growth
Record revenue per km, up 19% yoy
Entered paratransit market via acquisition in Spain
Lisbon - first of 2 contracts mobilised in Portugal
'Best Place to Work' certification in Morocco
North America
Revenue and profit in Shuttle ahead of 2019…
…9 new contract wins will boost this going forward
Asset light paratransit contract win in Richmond, Virginia
Achieving rate increases ahead of expected wage inflation in School Bus
25% reduction in speeding events, year on year
UK & Germany
UK Bus patronage performing ahead of industry average
Strong recovery in UK Coach provides momentum into H2
Further progress on transition to ZEVs and achieving greater than expected efficiencies
Improving NPS in Coach, ahead of 2019
Successful mobilisation of Emergency contract award in German Rail
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
NX - National Express Group plc published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 08:27:03 UTC.
Mobico Group PLC is an international transport operator. The Company provides mobility solutions to cities, businesses, education, healthcare and customers. It is internationally diversified with a portfolio of contracts and customer brands. The Company operates transportation services in 11 countries, the United Kingdom, the United States, Canada, Spain, Morocco, Switzerland, France, Germany, Portugal, Ireland and Bahrain, with some international coach services to other European countries. Its subsidiary, ALSA, operates long distance, regional and urban bus and coach services across Spain, and in Morocco, Portugal, Switzerland and France. ALSA also offers mobility solutions to meet business leisure and healthcare needs. Its business in North America has three areas of activity, student transportation, transit and shuttle services. It operates in 34 states in the United States and three Canadian provinces. The Company operates rail services on seven routes in North Rhine-Westphalia.
MOBICO GROUP PLC 
