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Capita plc 13 December 2021 Pre - close update and proforma historical financial information Summary ● Capita has delivered revenue growth of just under 1 % in the 11 months to 30 November 2021 : Strong performance by Capita Public Service ; O Capita Experience revenue decline reflecting previously announced contract attrition ; Solid performance from most businesses within Capita Portfolio but slower than expected recovery from Covid . O O We are continuing to deliver on our plans to strengthen the balance sheet : O Recently announced disposals of Secure Solutions and Services and Specialist Insurance , together with the disposals of ESS and Axelos earlier in the year , means £ 620m proceeds now achieved toward target of £ 700m by H1 2022 ; Further reduction of outstanding financial debt in H2 2021 ; total of £ 210m of maturities repaid in 2021 ; Continuing to target further reduction in debt and pension liability . O O FY 2021 net debt expected to be broadly flat vs half year , as previously guided We continue to expect sustainable free cash flow¹ generation in 2022 Jon Lewis , Chief Executive Officer , said : " We have continued in recent months to make progress with our corporate transformation , particularly in our Public Service division . However , Covid has continued to impact some businesses within our Portfolio division . This , combined with the anticipated revenue attrition in our Experience division has slowed the overall rate of top line growth this year . " We have delivered our disposals programme , which now totals more than £ 620m proceeds for the year , strengthening our balance sheet and providing the funds to further reduce our outstanding financial debt in 2022 . " We have established the foundations for future long term sustainable revenue growth . We continue to expect the Group to generate sustainable free cash flow in 2022. " Trading Group revenue for the 11 months to 30 November 2021 increased by 0.6 % to £ 2,882m . Capita Public Service has grown by 11 % to £ 1,292m , driven in particular by Royal Navy training , as well as recent new contract wins and renewals with HMRC , the Standards and Testing Agency , and the Ministry of Justice . Capita Experience revenue has declined by 8 % to £ 1,083m , reflecting previously announced contract losses mainly as a result of client corporate actions , as well as ongoing revenue attrition in the closed book Life & Pensions segment . However , whilst Capita Experience remains earlier in its transformation , the division has also won and extended contracts with the , RSPCA , a major UK bank , a FTSE 100 pensions client and with Thames Water .