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Annual Report 2016

Further strategic progress

"This was Equiniti’s first full year as a public company and we made further progress with implementing our strategy. This progress is reflected in the Group’s results for the year."

Kevin Beeston, Chairman

Key Facts

1,700

Corporate Clients

c70

Relationships of the FTSE 100

100%

Retention of FTSE 350 clients

£160bn

Payments made

70m

Shareholder
records held

1.2m

Share plan investors

c4,300

Employees

27m

Interactions with shareholders and pensioners

A year of solid growth

"In 2016, we continued to drive organic growth in relatively challenging conditions. To a large extent, the non-discretionary nature of our services has insulated us from volatility and the lack of positive economic sentiment."

Guy Wakeley, Chief Executive

Performance Highlights

£382.6m

Revenue

2015: £369.0m

£92.4m

EBITDA pre-exceptional Items

2015: £86.2m

24.2%

EBITDA Margin pre-exceptional items

2015: 23.4%

£40.7m

Earnings before interest & tax

2015: £10.2m

£92.6m

Free cash flow prior to exceptional items

2015: £97.6m

100%

Cash flow conversion

2015: 113%

15.9p

Underlying EPS

2015: 13.5p

2.7x

Leverage

2015: 3.0x

Financial Review

"The Group made good progress against its strategic objectives during the year, including listing on the London Stock Exchange, reducing net debt, upselling to strategic clients and progressing the offshoring of activities and resources to Chennai."

John Stier, Chief Financial Officer

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