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Half year results for the six months ended 30th September 2021 24th November 2021 JM Resilient performance in the first half Underlying performance ¹ / 2 Sales of £ 1.9 billion , up 21 % , driven by a strong recovery in Clean Air and Efficient Natural Resources Underlying operating profit of £ 293 million , up 102 % and ahead of pre - pandemic levels , driven by strong sales growth and higher average precious metal prices Underlying EPS of 114.8 pence , up materially reflecting higher underlying operating profit and lower net finance costs ● Free cash flow of £ 189 million , benefiting from continued strong management of working capital ( 1H 2020/21 : £ 256 million ) Strong balance sheet with net debt of c . £ 700 million as lower auto demand benefited working capital ; net debt to EBITDA of 0.9 times Return on invested capital ( ROIC ) of 17.7 % , up from 10.4 % in the prior year driven by higher underlying operating profit Reported results Revenue increased 23 % primarily driven by higher average precious metal prices Following the announcement of our intention to exit Battery Materials , the assets have been impaired by £ 314 million Operating profit of £ 20 million , reflecting the one - off impairment in Battery Materials Loss before tax of £ 9 million , driven by lower operating profit Reported loss per share of 14.8 pence Cash inflow from operating activities of £ 412 million ( 1H 2020/21 : £ 482 million ) Interim dividend of 22.0 pence per share , up 10 % Share buyback of £ 200 million , beginning in the New Year Revenue Sales excluding precious metals³ Operating profit ( Loss ) / profit before tax 1 ( Loss ) / earnings per share Interim dividend per share Johnson Matthey £ million £ million £ million £ million pence pence Reported results Half year ended 30th September 2021 8,586 20 ( 9 ) ( 14.8 ) 22.0 % 2020 change +23 6,979 68 26 12.3 20.0 -71 n / a +10 Half year ended 30th September 2021 293 Underlying results ¹ 1,938 1,679 264 n / a 114.8 % 2020 change 151 +15 +94 109 +142 47.7 +141 % change , constant rates +21 +102 Issued by : Johnson Matthey Plc 5th Floor , 25 Farringdon Street , London EC4A 4AB