Half Year results 2017/18 Andrew Williams Chief Executive Kevin - PowerPoint PPT Presentation

Half Year results 2017/18 Andrew Williams – Chief Executive Kevin Thompson – Finance Director Halma Half Year results – November 2017

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Financial Review Halma Half Year results – November 2017

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Revenue growth H1, 2017/18 % growth Ø Organic constant currency growth 9% Ø Currency 5% Ø Acquisitions 1% Ø Headline growth 15% Halma Half Year results – November 2017

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Profit* growth H1, 2017/18 % growth Ø Organic constant currency 8% * Ø Currency 5% Ø Acquisitions - Ø Headline growth 13% * Profit before amortisation and impairment of acquired intangibles, acquisition items, restructuring costs and profit or loss on disposal of operations Halma Half Year results – November 2017

Currency Ø Translation impact H1 17/18 v H1 16/17 Ø US$/£: D 6% stronger US$ Ø Euro/£: D 7% stronger € Ø Net positive impact: 5% revenue and profit Ø At current Fx rates Ø FY: ~ 1% positive Ø More information in Appendix Halma Half Year results – November 2017

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Substantial financial capacity Ø Revolving Credit Facility Ø £550m (from November 2016) Ø Extended to November 2022 Ø In addition to existing $250m USPP Ø Capacity for medium term growth Ø Half year gearing 0.8x, comfortable up to 2x Halma Half Year results – November 2017

Financial KPI Summary 2017/18 Half Year Target Achieved Organic revenue growth* > 5% 9% Organic profit growth* > 5% 8% Acquisition profit growth ** > 5% -% Revenue growth outside UK/Europe/USA > 10% 21% Return on Sales 18% - 22% 18.7% Return on Total Invested Capital >12% 13.4% Cash conversion > 85% 84% R&D investment (% of revenue) > 4% 5.4% * at constant currency. ** annualised profit of acquisitions made in the year (net of finance cost) as % of prior year adjusted profit Halma Half Year results – November 2017

Trading Review Halma Half Year results – November 2017

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