Rolls-Royce
Investor Presentation
September 2022
1 Investor Presentation
© Rolls-Royce
1
2
3
Investment case
What we do
Civil Aerospace in more detail
4 FY 2021 results and supplementary slides
1 | Investment case |
3 © 2022 Rolls-Royce
Improving financial performance
Underlying revenue by
business - FY 2021
New Markets | ||
and other | ||
businesses 3% | ||
Power | Civil | |
Systems | ||
£10.9bn | Aerospace | |
25% | ||
41% |
Defence 31%
4 Investor Presentation
© Rolls-Royce
Our financial perforSummaryance was severelyfinancialimpactedperformanceby the COVID-19 pandemic
- Civil Aerospace margins and cash flows are leveraged to recovering large engine flight hours, with costs permanently rebased during COVID
- Defence and Power Systems are well-positioned in their respective end markets to grow in 2022 and beyond
- Supply chain and inflation challenges are being actively managed through operational and commercial discipline
- £2bn disposal programme completed, following the sale of ITP, with an ambition to return to an investment grade credit rating
- Positive momentum in free cash flow, which is expected to be modestly positive in 2022 versus outflows of £4.2bn in 2020 and £1.4bn in 2021
Underlying | Order | Gross R&D | ||
operating profit | backlog | expenditure | ||
£414m | £50.6bn | £1.2bn | ||
All figures as at 2021 Full Year Results
Generating positive momentum
Delivering on | Improving | Investing for | |
growth and | |||
financial performance was severely impacted by the | |||
Our | COVID-19 pandemic | ||
our | financial | sustainable | |
commitments | performance | ||
value | |||
"The positive momentum we are generating gives us confidence both in our expectations for 2022 and our future growth."
Warren East, CEO, FY 2021 results
5 Investor Presentation
© Rolls-Royce
>£1.3bn
Group cost reduction programme delivered one year early
£2bn
Debt facility repaid with
disposal proceeds
Operating profit
£bn 1
02021
2020
-1
-2
Free cash flow
£bn
0
-1 2020 2021
-2-3-4-5
£1.2bn
Gross R&D in 2021
Targeting 75% of total R&D spend on lower- carbon growth
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Rolls-Royce Holdings plc published this content on 22 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2022 14:49:06 UTC.