Interim report
Page 1
Revenue Rental revenue EBITDA Operating profit Adjusted² profit before taxation Profit before taxation Adjusted² earnings per share Earnings per share ● Unaudited results for the half year and second quarter results ended 31 October 2021 Second quarter 2020 $ m 2021 $ m 2,032 1,876 972 577 542 474 90.9 ¢ 79.5 ¢ 1,754 1,579 860 471 426 405 70.2 ¢ 66.6 ¢ Ashtead group Growth¹ % 15 % 18 % 12 % 22 % 27 % 17 % 29 % 19 % 1 2021 $ m 3,884 3,545 1,832 1,053 979 890 Half year highlights³ Record first half performance with clear momentum across the business Revenue up 18 % 1 ; rental revenue up 20 % ¹ Good progress across all Sunbelt 3.0 actionable components 58 locations added in North America 7 December 2021 3,258 2,931 1,545 783 687 646 162.4 ¢ 113.6 ¢ 147.5 ¢ 106.7 ¢ First half 2020 $ m $ 1.2bn of capital invested in the business ( 2020 : $ 438m ) $ 428m spent on bolt - on acquisitions ( 2020 : $ nil ) and a further $ 320m in Q3 Net debt to EBITDA leverage¹ , 3 of 1.5 times ( 2020 : 1.7 times ) Interim dividend increased by 28 % to 12.5 ¢ per share ( 2020 : 9.76 ¢ per share ) We now expect full year results ahead of our previous expectations Growth¹ % 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 34 . 18 % 20 % 18 % 34 % 42 % 38 % 43 % 38 %