Source - LSE Regulatory
RNS Number : 5463U
Travis Perkins PLC
03 December 2013
 



3 December 2013

Travis Perkins plc

 

Capital markets day - 3 December 2013

 

Travis Perkins is hosting a capital markets day for institutional investors and investment research analysts from 12.30pm today in London.

The event will comprise presentations from the new Chief Executive1, John Carter, and the Finance Director, Tony Buffin, covering the strategic ambitions of the Group and plans for the businesses within the Group. Key aspects of these plans include:

·     accelerating innovation of customer propositions

·     expanding the network and intensifying use of space

·     exploiting scale benefits

·     prioritising investments throughout the portfolio.

The table below summarises key ambitions and dividend guidance that will be set out during the afternoon:

Ambition

Medium term

Like-for-like sales growth outperformance across the Group

1% - 3%



Operating margin improvement prospects


-  General Merchanting

sustain sector leading

-  Plumbing & Heating

good growth

-  Contracts

good growth

-  Consumer

good growth



EBITA growth p.a. over the medium term

double digit



2014-15 annual capital expenditure

£130 - 170 million



Lease adjusted ROCE

add 200 - 300 basis points



Fixed charge cover

3.5x



Progressive dividend with cover range for 2014 onwards

2.5x - 3.25x



John Carter commented: "We have worked very hard over the past few years to ensure we have the right portfolio of businesses to continue to outperform the market. Our businesses have good plans in place and we are investing to further extend our market leading customer propositions. This gives the board and executive team confidence in setting out these ambitions for the Group. Our focus now, as ever, remains on delivering strong and consistent growth in shareholder returns."

The event will not be webcast and there will be no discussion on current trading conditions. The presentation material and video content will be made available online at http://www.travisperkinsplc.co.uk/Investor-Centre.

1Effective 1 January 2014

 

Enquiries

John Carter, Chief Executive1

Tony Buffin, Finance Director

Matt Johnson, Investor Relations

Travis Perkins plc

+44 7584 491 284 | matt.johnson@travisperkins.co.uk 

 

David Bick / Mark Longson

Square1 Consulting | +44 207 929 5599 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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