Revenue growth (FY, 2016 - FY, 2017), %69%

Net income (FY, 2017)1.5 B

EBITDA (FY, 2017)1.5 B

EBIT (FY, 2017)1.5 B

Closing share price, 31-Oct-20179.5

Cash, 31-Mar-2017931 M

GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 1 b | (2.2 b) | 843 m | 601 m | (329 m) | 769 m | 693 m | 851 m | 812 m | 1.4 b |

## Revenue growth, % | 26% | (3%) | 69% | |||||||

## Operating expense total | 406 m | 174 m | 149 m | 18 m | (125 m) | |||||

## EBITDA | 364 m | 521 m | 710 m | 802 m | 1.5 b | |||||

## EBITDA margin, % | 47% | 75% | 83% | 99% | 109% | |||||

## EBIT | 363 m | 519 m | 702 m | 794 m | 1.5 b | |||||

## EBIT margin, % | 47% | 75% | 82% | 98% | 109% | |||||

## Pre tax profit | 834 m | (1.9 b) | 159 m | 189 m | (777 m) | 363 m | 519 m | 702 m | 794 m | 1.5 b |

## Income tax expense | (6 m) | (4 m) | (5 m) | (3 m) | (6 m) | (3 m) | (2 m) | (2 m) | (2 m) | 3 m |

## Net Income | 828 m | (1.9 b) | 154 m | 186 m | (783 m) | 360 m | 517 m | 700 m | 792 m | 1.5 b |

- Source: Company Filings FY 2015

GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|---|---|

## Cash | 752 m | 734 m | 2.3 b | 1.5 b | 1.2 b | 700 m | 674 m | 861 m | 957 m | 931 m |

## Accounts Receivable | 35 m | |||||||||

## Current Assets | 869 m | 814 m | 2.3 b | 1.6 b | 1.3 b | 769 m | 752 m | 939 m | 1.1 b | 994 m |

## PP&E | 30 m | 22 m | 17 m | 15 m | 13 m | 7 m | 5 m | 4 m | 5 m | 5 m |

## Goodwill | 25 m | 19 m | 12 m | |||||||

## Total Assets | 7 b | 4.9 b | 5.9 b | 5.8 b | 4.6 b | 4.2 b | 4.4 b | 4.9 b | 5.6 b | 6.7 b |

## Accounts Payable | 166 m | 127 m | 99 m | 103 m | ||||||

## Current Liabilities | 1.2 b | 785 m | 433 m | 439 m | 508 m | 336 m | 198 m | 162 m | 391 m | 130 m |

## Non-Current Liabilities | 1.7 b | 2.3 b | 2.4 b | 2 b | 1.5 b | 957 m | 924 m | 947 m | 708 m | 747 m |

## Total Debt | 262 m | |||||||||

## Total Liabilities | 2.9 b | 3.1 b | 2.9 b | 2.4 b | 2 b | 1.3 b | 1.1 b | 1.1 b | 1.1 b | 877 m |

## Additional Paid-in Capital | 283 m | 284 m | 717 m | 717 m | 717 m | 718 m | 718 m | 719 m | 719 m | 719 m |

## Retained Earnings | 716 m | (2 b) | 145 m | 156 m | (832 m) | 284 m | 403 m | 517 m | 627 m | 1.4 b |

## Total Equity | 4.1 b | 1.9 b | 3.1 b | 3.4 b | 2.6 b | 2.9 b | 3.3 b | 3.8 b | 4.5 b | 5.8 b |

## Debt to Equity Ratio | 0.1 x | |||||||||

## Debt to Assets Ratio | 0 x | |||||||||

## Financial Leverage | 1.7 x | 2.6 x | 1.9 x | 1.7 x | 1.8 x | 1.4 x | 1.3 x | 1.3 x | 1.2 x | 1.2 x |

GBP | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 828 m | (1.9 b) | 154 m | 186 m | (783 m) | 360 m | 517 m | 700 m | 792 m | 1.5 b |

## Cash From Operating Activities | (399 m) | 251 m | 834 m | (202 m) | 112 m | 270 m | 278 m | 432 m | 364 m | 243 m |

## Dividends Paid | 42 m | 64 m | 9 m | 30 m | 49 m | 76 m | 114 m | 183 m | 190 m | 230 m |

## Cash From Financing Activities | 657 m | (366 m) | 694 m | (505 m) | (455 m) | (636 m) | (310 m) | (237 m) | (237 m) | (557 m) |

## Net Change in Cash | 253 m | (116 m) | 858 m | (542 m) | (225 m) | (23 m) | 58 m | 195 m | 86 m | (87 m) |

## Income Taxes Paid | (3 m) | (2 m) | (2 m) |

GBP | Y, 2017 |
---|---|

## Revenue/Employee | 5 m |

## Financial Leverage | 1.2 x |