Key financial data

Highlights

Highlights for the year ended 31 March 2016

  % change
Revenue*
£10,601.1 million
0.0%
Operating Profit*+
£300.5 million
+35.5%
Adjusted earnings per share*+
257.14p
+27.2%
Dividend per share
97.22p
+15.0%
Free cash flowo
£291.1 million
 

*Continuing activities (i.e. excluding DCC Food & Beverage which was disposed of in the prior year)
+Excluding net exceptionals and amortisation of intangible assets
oAfter net capital expenditure and before exceptional items, interest and tax payments

Group income statement

Year ended 31 March 2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
           
Revenue 9,266.5 10,552.4 11,210.8 10,749.4 10,601.1
           
Operating profit before exceptional items and amortisation of intangible assets 159.5 185.5 207.3 228.2 300.5
Exceptional items (19.4) (23.4) (13.3) (8.7) (14.6)
Amortisation of intangible assets (9.9) (14.4) (20.4) (25.4) (31.6)
Operating profit 130.2 147.7 173.6 194.1 254.3
Finance costs (net) (14.9) (15.4) (23.5) (31.3) (38.4)
Share of equity accounted investments 0.0 0.5 0.9 0.5 0.5
Profit before tax 115.3 132.8 151.0 163.3 216.4
Income tax expense (25.8) (26.2) (27.1) (18.9) (35.4)
Non-controlling interests (0.6) (0.3) (2.7) 0.0 (3.0)
Profit attributable to owners of the Parent 88.9 106.3 121.2 144.4 178.0
           
Earnings per share          
- basic (pence) 106.62p 127.17p 144.70p 171.97p 202.64p
- basic adjusted (pence) 141.99p 171.20p 191.20p 209.19p 257.14p
           
Dividend per share (pence) 67.64p 69.86p 76.85p 84.54p 97.22p
           
Dividend cover (times) 2.1 2.5 2.5 2.5 2.6
           
Interest cover (times)* 10.3 13.2 9.7 7.8 10.4

* excludes exceptional items

The Group financial summary for 2012 to 2016 has been restated for the impact of IFRS 11 Joint Arrangements.

Group Income Statement is available in Excel format here

Group balance sheet

As at 31 March
2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
Non-current and current assets          
Property, plant and equipment 371.8 436.8 464.9 464.7 739.5
Intangible assets 653.3 747.8 742.5 759.2 1,297.1
Equity accounted investments 6.5 5.8 6.1 5.0 22.1
Cash/derivatives 639.8 655.9 1,019.5 1,499.4 1,407.5
Other assets 1,481.4 1,536.0 1,470.6 1,189.5 1,331.3
Total assets 3,152.8 3,382.3 3,703.6 3,917.8 4,797.5
           
Equity 845.6 892.3 946.3 987.0 1,350.5
Non-current and current liabilities          
Borrowings/derivatives 782.0 842.6 1,106.8 1,471.8 1,462.0
Retirement benefit obligations 12.3 19.4 16.0 10.2 0.3
Other liabilities 1,512.9 1,628.0 1,634.5 1,448.8 1,984.7
Total liabilities 2,307.2 2,490.0 2,757.3 2,930.8 3,447.0
Total equity and liabilities 3,152.8 3,382.3 3,703.6 3,917.8 4,797.5
           
Net (debt)/cash included above (108.3) (186.6) (87.3) 30.0 (54.5)

The Group financial summary for 2012 to 2016 has been restated for the impact of IFRS 11 Joint Arrangements.

Group Balance Sheet is available in Excel format here

Group cash flow

Year ended 31 March 2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
Operating cash flow 239.8 264.5 346.9 377.8 411.7
Capital expenditure 60.1 61.6 78.6 79.4 134.2
Acquisitions 146.0 168.1 50.1 123.5 394.0

The Group financial summary for 2012 to 2016 has been restated for the impact of IFRS 11 Joint Arrangements.

Group Cash Flow is available in Excel format here

Performance ratios

Adjusted
EPS
Dividend
Per Share
Dividend
Cover
Interest
Cover*
2012 141.99p 67.64p 2.1 10.3
2013 171.20p 69.86p 2.5 13.2
2014 191.20p 76.85p 2.5 9.7
2015 209.19p 84.54p 2.5 7.8
2016 257.14p 97.22p 2.6 10.4

* excludes exceptional items

Performance Ratios is available in Excel format here

Perfomance by division

DCC ENERGY
Year ended 31 March 2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
Revenue 6,793.5 8,112.1 8,243.7 7,624.1 7,515.3
Operating profit 72.5 106.2 110.5 119.4 205.2
Return on capital employed 14.0% 18.5% 17.5% 19.8% 24.4%
DCC TECHNOLOGY
Year ended 31 March 2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
Revenue 1,599.4 1,850.3 2,264.0 2,350.3 2,441.7
Operating profit 41.6 41.5 48.1 49.3 35.1
Operating margin 2.4% 2.2% 2.1% 2.1% 1.4%
Return on capital employed 15.7% 16.4% 21.1% 25.5% 17.8%
DCC HEALTHCARE
Year ended 31 March 2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
Revenue 286.6 320.6 406.5 488.1 490.7
Operating profit 20.3 22.2 30.4 39.7 45.0
Operating margin 7.1% 6.9% 7.5% 8.1% 9.2%
Return on capital employed 15.4% 13.1% 14.2% 16.6% 17.1%
DCC ENVIRONMENTAL
Year ended 31 March 2012
£'m
2013
£'m
2014
£'m
2015
£'m
2016
£'m
Revenue 115.2 116.1 130.6 143.6 153.5
Operating profit 12.3 10.9 11.7 13.3 15.2
Operating margin 10.7% 9.4% 9.0% 9.3% 9.9%
Return on capital employed 10.2% 8.3% 8.6% 9.7% 11.7%

The Group disposed of its DCC Food & Beverage division during the year ended 31 March 2016.

Performance by Division data is available in Excel format here

Other information

Year ended 31 March 2012 2013 2014 2015 2016
Return on capital employed (%) 14.2% 15.6% 16.3% 18.9% 21.0%
Working capital (days) 2.5 2.2 (0.6) (4.9) (3.9)

Other Information is available in Excel format here