Ferguson PLC Announces Results for the Year Ended July 31, 2021 - Seite 2

• Revenue 14.3% ahead of last year with accelerated market share gains.
• Gross margins of 30.6% were 60bps ahead of last year driven primarily by our ability to service our customers while managing price inflation.
• Good cost control ensured strong underlying trading profit delivery of $2,099 million, up $507 million and significantly outpacing revenue growth with profit before tax increasing to $1,891 million.
• Cash generation was solid and the balance sheet remains strong with 0.6x leverage.
• Continued to consolidate our markets, investing $335 million in seven acquisitions.
• $1.4 billion returned to shareholders during the year via dividends and share buy backs.
• Final dividend of 166.5c per share, bringing total dividend to 239.4c per share, an increase of 15%.
• New $1.0 billion share buy back announced today.
• UK disposal completed in January 2021 with operations now focused on North America.
• Additional US listing on the NYSE established in March 2021. On track for shareholder vote on US primary listing,
  Spring 2022.
• Virtual investor day scheduled for December 9, 2021.

1. The Group disposed of its UK business on January 29, 2021. Pursuant to IFRS requirements, the UK results have been reclassified to discontinued operations and the prior year comparative results have been restated.
2. The Group uses Alternative Performance Measures ("APMs"), which are not defined or specified under IFRS, to provide additional helpful information. These measures are not considered to be a substitute for IFRS measures and are consistent with how business performance is planned, reported and assessed internally by management and the Board. For further information on APMs, including a description of our policy, purpose, definitions and reconciliations to equivalent IFRS statutory measures see note 2.
3. Continuing operations only, excludes the impact of IFRS16. Adjusted EBITDA contribution from discontinued operations in the period was $57 million (2020 restated: $42 million).
4. Net debt excludes lease liabilities and Adjusted EBITDA excludes the impact of IFRS 16. Leverage ratio utilizes a trailing twelve months adjusted EBITDA for both continuing and discontinued operations.

Kevin Murphy, Group Chief Executive, commented: