John Wood Group PLC

Public consensus   -   Last updated 09/01/23

Contributors

  • 4 FY22 based on
  • 4 FY23 based on
  • 4 FY24 based on
Reporting currency: GBP
Reporting unit: Absolute
FY22
CONSENSUS
09/01/23
FY23
CONSENSUS
09/01/23
FY24
CONSENSUS
09/01/23
Revenue $m
Consulting - Wood
638.4
691.9
748.9
Projects
2,192.0
2,340.6
2,472.7
Operations
2,329.9
2,451.0
2,572.7
Investment Services
184.6
163.5
162.5
Total Revenue
5,344.8
5,647.0
5,956.8
Adjusted EBITDA
Consulting - Wood
82.1
85.9
92.9
Projects
171.1
182.1
194.9
Operations
172.0
181.5
194.5
Investment Services
42.6
41.1
43.8
Central costs
(82.4)
(83.0)
(83.7)
Total adjusted EBITDA
385.3
407.6
442.5
Adjusted EBITDA margin %
Consulting - Wood
12.9
12.5
12.5
Projects
7.8
7.8
7.9
Operations
7.4
7.4
7.6
Investment Services
22.8
26.6
28.6
Total adjusted EBITDA margin %
7.2
7.2
7.4
Depreciation (PPE)
(23.7)
(27.7)
(27.6)
Depreciation (right of use asset)
(98.8)
(89.9)
(87.5)
Impairment of PPE and right of use assets
(0.2)
-
-
Amortisation - software and system development
(89.3)
(71.7)
(74.1)
Total adjusted EBIT
179.4
225.3
260.3
Tax and interest charges on JVs
(5.3)
(9.0)
(8.7)
Net finance expense
(108.1)
(50.1)
(47.7)
Interest charge on lease liability
208.9
(60.0)
(55.0)
Adjusted profit/(loss) before tax
171.7
138.5
178.5
Tax on adjusted profit before tax
(104.7)
(201.1)
(44.2)
Profit/(loss) from discontinued operations
90.5
-
-
Profit/(loss) for the period
157.5
(62.6)
134.3
Non-controlling interest
(0.8)
(1.9)
(2.6)
Profit/(loss) attributable to owners of the parent
156.7
(64.4)
131.7
Number of shares - diluted
692.5
692.5
692.5
Adjusted diluted EPS (cents)
22.7
(9.8)
19.0
Dividend per share (cents)
-
-
0.0
Cashflow
Adjusted EBITDA
385.3
407.6
442.5
Add: Adjusted EBITDA from discontinued operations
69.5
-
-
Less: IFRS 16 benefit
(84.3)
(75.8)
(72.2)
Less: JV element of EBITDA
(25.3)
(33.3)
(35.1)
Add: JV dividend
15.6
13.7
13.7
Adjusted EBITDA excl. IFRS 16
293.7
317.1
354.2
Provisions
12.1
(16.7)
(12.0)
Working capital
(319.9)
(85.8)
21.3
Operating cashflow
(139.6)
120.2
287.5
Net capex
(138.1)
(110.0)
(107.6)
Interest paid
(76.5)
(39.0)
(36.3)
Tax paid
(47.6)
(41.1)
(42.3)
Other
(12.6)
6.9
6.0
Free cash flow pre-exceptionals
(411.2)
(66.5)
104.4
Exceptional cash flows
(127.1)
(72.3)
(34.8)
Free cash flow
(538.3)
(138.8)
69.7
Acquisitions
-
-
-
Disposals
1,651.5
-
-
Other.
(106.0)
-
(4.6)
Movement in net debt (excluding leases)
1,033.7
(138.8)
66.2
Opening net debt (excluding leases)
(1,396.8)
(365.6)
(502.1)
Closing net debt (excluding leases)
(363.1)
(504.4)
(435.9)
Net debt/EBITDA:
Adjusted EBITDA excl. IFRS 16
301.0
331.8
370.3
Net debt / EBITDA (pre-IFRS 16) (reported)
1.2
1.6
1.2

Disclaimer

Consensus Estimates
To promote transparency, the Company invites registered sell-side analysts who monitor the Company’s securities to submit their estimates, in respect of each financial reporting period, to an external web-based tool independently managed by Vuma.

The consensus figure for a particular item represents the arithmetic mean of all figures for that item submitted to Vuma by analysts who chose to participate (the participants may not necessarily be the same analysts who contributed to previous consensus estimates). No analyst who has updated and entered their estimate into Vuma has been excluded from the aggregate consensus figures, except for data that, contains a material error or is materially out of date. The consensus figures are current as at the date specified on the Vuma website and are not updated after that date.

The consensus figures reflect the opinions of third party analysts who do not have access to the Company’s internal forecasts, budgets or any other information which is not publicly available. The consensus figures are not based on the Company’s opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by the Company. To the fullest extent permitted by law, the Company does not accept any liability whatsoever for any reliance placed upon, or actions taken based on, any of the information set out in the consensus figures. The Company, its directors and employees do not accept any responsibility for the accuracy or completeness of any of the information set out in the consensus figures, assume no liability whatsoever in relation to the consensus figures and undertake no obligation to update, revise or supplement the consensus figures.

The consensus figures are forward looking in nature and as such are speculative and rely on assumptions and events in the future, which may or may not occur. Prospective investors should be aware of the risks in placing undue reliance on prospective financial information.

The Company makes no comment about its forecast performance. The Company’s actual performance for the period is not yet known and may differ from the consensus figures.

A link to the consensus figures is not intended to, nor does it, constitute the provision of financial product advice. Before making an investment decision, a prospective investor should seek appropriate professional advice tailored to their specific investment objectives, financial situation and needs. Any investment in securities is subject to investment risks.