UNDERSTANDING COATS
Financial performance
Understanding Coats
Financial performance
Continuing operations | FY 2022 | FY 20213 | FY 2022 vs FY 2021 | ||
Reported | 4CER | 4Organic | |||
Revenue* | $1,584m | $1,447m | 9% | 16% | 10% |
Adjusted4 | |||||
Operating profit* | $235m | $198m | 19% | 27% | 22% |
EBITDA* | $284m | $243m | |||
Basic earnings per share* | 8.2c | 7.2c | |||
Free cash flow* | $114m | $124m | |||
Net debt (excl. IFRS 16) | $394m | $147m | |||
Pro forma leverage*2 | 1.4x | 0.7x | |||
Reported1 | |||||
Operating profit | $181m | $178m | 2% | 9% | 9% |
Basic earnings per share | 4.8c | 5.8c | |||
Net cash generated by operating activities | $96m | $129m | |||
Final dividend per share | 1.73c | 1.50c | |||
Total dividend per share | 2.43c | 2.11c |
1. Reported metrics refer to values contained in the IFRS column of the primary financial statements in either the current or comparative period.
2. Leverage calculated on a pro forma and frozen GAAP basis and therefore excludes the impact of IFRS 16 on both adjusted EBITDA and net debt and includes a full 12 months of EBITDA for Texon and Rhenoflex.
3. Restated to reflect the results of the Brazil and Argentina business, divested in 2022, as a discontinued operation.
4. Alternative Performance Measures – see note 37.
2022 HIGHLIGHTS
On track to deliver $70m in 2024
Rajiv Sharma
Group CEO
“Coats has delivered a very strong financial and operational performance in 2022 and continues to transform the business with significant momentum on strategic projects and creation of a global footwear champion.”