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Ashtead group 15 June 2021 Audited results for the year and unaudited results for the fourth quarter ended 30 April 2021 Fourth quarter Year 2021 2020 Growth1 2021 2020 Growth1 £ m £ m % £ m £ m % Revenue 1,271 1,125 23 % 5,031 5,054 3 % Rental revenue 1,098 1,039 15 % 4,473 4,606 1 % EBITDA 552 464 30 % 2,301 2,376 1 % Operating profit 264 155 95 % 1,135 1,224 -3 % Adjusted² profit before taxation 235 114 133 % 998 1,061 -2 % Profit before taxation 220 98 158 % 936 983 -1 % Adjusted² earnings per share 38.8p 20.2p 122 % 166.0p 175.0p -1 % Earnings per share 36.3p 17.4p 143 % 155.7p 162.1p 1 % Full - year highlights³ . Strong market outperformance • Revenue up 3 % ¹ ; rental revenue up 1 % ¹ Operating profit of £ 1,135m ( 2020 : £ 1,224m ) • Adjusted pre - tax profit of £ 998m ( 2020 : £ 1,061m ) • Adjusted earnings per share of 166.0p ( 2020 : 175.0p ) • £ 718m of capital invested in the business ( 2020 : £ 1.5bn ) • Record free cash flow of £ 1,382m ( 2020 : £ 792m ) £ 125m spent on bolt - on acquisitions ( 2020 : £ 453m ) • Net debt to EBITDA leverage 1,3 of 1.4 times ( 2020 : 1.9 times ) • Proposed final dividend of 35.0p , making 42.15p for the full year ( 2020 : 40.65p ) Sunbelt 3.0 , the next phase of our strategic plan , launched in April 1 Calculated at constant exchange rates applying current period exchange rates . 2 Adjusted results are stated before exceptional items and amortisation . 3 Throughout this announcement we refer to a number of alternative performance measures which provide additional useful information . The directors have adopted these to provide additional information on the underlying trends , performance and position of the Group . The alternative performance measures are not defined by IFRS and therefore may not be directly comparable with other companies ' alternative performance measures , but are defined and reconciled in the Glossary on page 39 .