Key financial data

Highlights

Highlights for the year ended 31 March 2017

  % change
Revenue*
£12,269.8 million
+17.4%
Operating Profit*+
£345.0 million
+20.9%
Adjusted earnings per share*+
286.59p
+18.1%
Dividend per share
111.80p
+15.0%
Free cash flowo
£415.5 million
 +42.7%

*Continuing operations (i.e. excluding DCC Environmental)
+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 2013
£'m
2014
£'m
2015
£'m
2016
£'m
2017
£'m
           
Revenue 10,552.4 11,210.8 10,749.4 10,601.1 12,445.0
           
Operating profit before exceptional items and amortisation of intangible assets 185.5 207.3 228.2 300.5 363.6
Exceptional items (23.4) (13.3) (8.7) (14.6) (36.3)
Amortisation of intangible assets (14.4) (20.4) (25.4) (31.6) (39.2)
Operating profit 147.7 173.6 194.1 254.3 288.1
Finance costs (net) (15.4) (23.5) (31.3) (38.4) (22.0)
Share of equity accounted investments 0.5 0.9 0.5 0.5 0.7
Profit before tax 132.8 151.0 163.3 216.4 266.8
Income tax expense (26.2) (27.1) (18.9) (35.4) (49.1)
Non-controlling interests (0.3) (2.7) 0.0 (3.0) (1.5)
Profit attributable to owners of the Parent 106.3 121.2 144.4 178.0 216.2
           
Earnings per share          
- basic (pence) 127.17p 144.70p 171.97p 202.64p 243.64p
- basic adjusted (pence) 171.20p 191.20p 209.19p 257.14p 303.68p
           
Dividend per share (pence) 69.86p 76.85p 84.54p 97.22p 111.80p
           
Dividend cover (times) 2.5 2.5 2.5 2.6 2.7
           
Interest cover (times)* 13.2 9.7 7.8 10.4 11.3

* excludes exceptional items

Group Income Statement is available in Excel format here

Group balance sheet

As at 31 March
2013
£'m
2014
£'m
2015
£'m
2016
£'m
2017
£'m
Non-current and current assets          
Property, plant and equipment 436.8 464.9 464.7 739.5 750.0
Intangible assets 747.8 742.5 759.2 1,297.1 1,422.6
Equity accounted investments 5.8 6.1 5.0 22.1 24.9
Cash/derivatives 655.9 1,019.5 1,499.4 1,407.5 1,340.1
Other assets 1,536.0 1,470.6 1,189.5 1,331.3 1,894.8
Total assets 3,382.3 3,703.6 3,917.8 4,797.5 5,432.4
           
Equity 892.3 946.3 987.0 1,350.5 1,507.7
Non-current and current liabilities          
Borrowings/derivatives 842.6 1,106.8 1,471.8 1,462.0 1,474.8
Retirement benefit obligations 19.4 16.0 10.2 0.3 0.0
Other liabilities 1,628.0 1,634.5 1,448.8 1,984.7 2,449.9
Total liabilities 2,490.0 2,757.3 2,930.8 3,447.0 3,924.7
Total equity and liabilities 3,382.3 3,703.6 3,917.8 4,797.5 5,432.4
           
Net (debt)/cash included above (186.6) (87.3) 30.0 (54.5) (121.9)

Group Balance Sheet is available in Excel format here

Group cash flow

Year ended 31 March 2013
£'m
2014
£'m
2015
£'m
2016
£'m
2017
£'m
Operating cash flow 264.5 346.9 377.8 411.7 546.9
Capital expenditure 61.6 78.6 79.4 134.2 131.4
Acquisitions 168.1 50.1 123.5 394.0 262.4

Group Cash Flow is available in Excel format here

Performance ratios

\
Adjusted
EPS
Dividend
Per Share
Dividend
Cover
Interest
Cover*
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
2017 303.68p 111.80p 2.7 11.3

* excludes exceptional items

Performance Ratios is available in Excel format here

Perfomance by division

DCC ENERGY
Year ended 31 March 2013
£'m
2014
£'m
2015
£'m
2016
£'m
2017
£'m
Revenue 8,112.1 8,243.7 7,624.1 7,515.3 9,074.1
Operating profit 106.2 110.5 119.4 205.2 254.9
Return on capital employed 18.5% 17.5% 19.8% 24.4% 21.6%
DCC HEALTHCARE
Year ended 31 March 2013
£'m
2014
£'m
2015
£'m
2016
£'m
2017
£'m
Revenue 320.6 406.5 488.1 490.7 506.5
Operating profit 22.2 30.4 39.7 45.0 49.0
Operating margin 6.9% 7.5% 8.1% 9.2% 9.7%
Return on capital employed 13.1% 14.2% 16.6% 17.1% 17.5%
DCC TECHNOLOGY
Year ended 31 March 2013
£'m
2014
£'m
2015
£'m
2016
£'m
2017
£'m
Revenue 1,850.3 2,264.0 2,350.3 2,441.7 2,689.1
Operating profit 41.5 48.1 49.3 35.1 41.1
Operating margin 2.2% 2.1% 2.1% 1.4% 1.5%
Return on capital employed 16.4% 21.1% 25.5% 17.8% 17.1%

Performance by Division data is available in Excel format here

Other information

Year ended 31 March 2013 2014 2015 2016 2017
Return on capital employed (%) 15.6% 16.3% 18.9% 21.0% 19.8%
Working capital (days) 2.2 (0.6) (4.9) (3.9) (3.3)

Other Information is available in Excel format here