Delivering
Sustainable
Growth
Galliford Try Holdings plc
Annual Report and Financial Statements 2023
GallifordTry Annual Report & Accounts 2022
Delivering
Sustainable
Growth
Find out how our Sustainable Growth Strategy...
Champions a people-orientated,
progressive culture
We prioritise health, safety and wellbeing
above all and invest in retaining, developing
and attracting the right talent.
Delivers high-quality
buildings and infrastructure
Our approach to innovation, digitalisation,
low carbon and collaborative supply
chain relationships enables us to deliver
excellence for our clients.
Drives us to operate in a
socially responsible way
Across our operations, we seek to protect
the environment and make a positive
impact in the community.
Provides sustainable
financial returns
A disciplined approach to contract selection,
embedded risk management practices and
strong balance sheet ensures we earn a
sustainable return on the value we deliver.
Read more p24 →
Read more p36 →
Read more p30 →
Read more p45 →
Strategic report
02 At a glance
04 Our business model
06 Our investment case
08 Chair’s statement
10 Market review
Delivering Sustainable Growth
14 Our Sustainable Growth Strategy
18 Chief Executive’s review
22 Operating sustainably
A progressive culture
25 Health and safety
27 Our people
Socially responsible delivery
31 Environment and climate change
34 Communities
Qualityandinnovation
37 Clients
41 Supply chain
43 Human rights and modern slavery
Sustainablefinancialreturns
45 Financial review
48 Operating review
52 Risk management
57 Task Force on Climate-related Financial
Disclosures
70 Stakeholder engagement and s172(1)
statement
Governance
74 Chair’s review
76 Directors and Executive Board
78 Governance review
90 Nomination Committee report
94 Audit Committee report
98 Remuneration Committee report
102 Directors’ Remuneration Policy report
109 Annual report on remuneration
117 Directors’ report
121 Statement of directors’ responsibilities
Financial information
122 Independent auditor’s report
130 Consolidated income statement
131 Consolidated statement of
comprehensive income
132 Balance sheets
133 Consolidated and Company statements
of changes in equity
134 Statements of cash flows
135 Notes to the consolidated financial
statements
174 Five-year record (unaudited)
175 Shareholder information
Financial performance
£1,394m
Revenue
(2022: £1,237m)
£20.6m
Pre-exceptional profit
before tax
1
(2022: £19.1m)
£3.7bn
Order book
(2022: £3.4bn)
£19.1m
Pre-exceptional operating
profit before amortisation
1
(2022: £18.5m)
16.6p
Pre-exceptional earnings
per share
1
(2022: 16.0p)
£10.1m
Profit before tax
(2022: £5.4m)
£135m
Average month-end cash
(2022: £174m)
10.5p
Full year dividend per share
(2022: 8.0p)
£8.7p
Earnings per share
(2022: £5.8p)
2.4%
Divisional operating
margin
1
(2022: 2.4%)
1 See note 32 for our alternative
performance measures.
Leadingonallfronts
Chief Executive’s review p18 →
“We are proud to be at the forefront of the vital role
construction is playing in the future of the UK.
“Construction is all about people, so we lead with the idea that
what we do makes a real difference to people’s lives. We are
contributing to the decarbonisation of the UK, while unlocking
the potential of digitalisation and innovation to drive efficiency.
We are working in partnership with our supply chain to deliver
high-quality buildings and infrastructure for our clients and
communities, and we are leaving a positive legacy for wider
society through the skills, training and employment we provide.
This pursuit of long term-value for our stakeholders is key to
our success and is demonstrated across all our key performance
indicators, from revenue to margin and order book. Coupled with
our excellent market position and continued demand, we are
excited about the future and look forward with confidence.”
Bill Hocking
Chief Executive
Strategic report Governance Financial statements
gallifordtry.co.uk
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