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Like-for-like revenue (£m)1

2,069.0
+10.6%

Reported revenue (£m)

2,139.2
+14.3%

Adjusted Operating Profit (£m)3

89.4
(12.4%)

Free Cash Flow (£m)4

66.8
(24.4)

Leverage (times)5

1.9x
no change

ROIC

7.1%
(10) basis points

Five Year History

£m 2022 2021 2020 2019 20182
Reported revenue  2,139.2 1,871.6 1,793.5 1,885.9 1,857.2
Adjusted operating profit3  89.4 102.0 83.6 89.7 111.7
Adjusted profit before tax3  69.8 85.4 64.1 71.4 98.7
Profit after tax  12.5 56.8 34.1 36.9 67.2
Free cash flow4  66.8 91.2 40.1 46.9 55.1
Basic EPS (pence)  2.29.8 5.9 6.4 11.6
Adjusted EPS (pence)  9.5 10.4 8.7 10.3 14.5
Operational net debt5 (284.9) (293.7) (333.4) (354.8) (309.3)
Leverage5 (times)  1.9 1.9 2.3 2.3 2.0

1 -Like-for-like revenue is from continuing operations and excludes the impact of acquisitions, disposals, closures and the effect of foreign currency movements. 2022 includes 53 weeks of trading, and the 53rd week is excluded from like-for-like revenue.

2 -The Group adopted IFRS 16 Leases from 2019. 2018 has not been restated.

3 -Adjusted operating profit and adjusted profit before tax excludes restructuring costs, assets impairments, costs incurred to configure or customise ‘software as a service’ (“SaaS”) arrangements, and those additional charges or credits that are considered significant or one-off in nature.

4 -Free cash flow is the amount of cash generated after meeting obligations for interest, tax, pensions and spend on capital expenditure.

5 -Operational net debt excludes IFRS 16 lease liabilities (2022 £96.6m, 2021 £83.6m, 2020 £80.4m). Leverage is the ratio of operational net debt to adjusted EBITDA per IFRS 16 after covenant adjustments.