|Underlying operating profit*||£16.8m||£21.0m||£22.7m||£24.2m||£18.1m|
|Underlying operating profit margin||10.4%||11.3%||11.5%||11.6%||9.0%|
|Operating profit margin||8.6%||9.6%||9.6%||8.2%||2.0%|
|Total dividend per share||2.80p||3.50p||3.85p||4.25p||1.20p|
|Dividend increase %||33.3%||25.0%||10.0%||10.4%||(71.8%)|
|Underlying diluted EPS*||9.99p||12.82p||13.78p||14.53p||10.54p|
|Adjusted net debt/(cash)^||£16.0m||£6.4m||£7.4m||£14.2m||£15.2m|
|Cash conversion % of underlying EBITDA*||88.9%||97.3%||68.1%||64.9%||95.9%|
|Share price at 31 March||127p||211p||255p||193p||95p|
* Before separately disclosed items which are shown in the financial statements
^ Presented after adoption of IFRS16 Leases in FY2020. For underlying EBITDA and underlying EBITDA%, the impact has been an increase of £3.5m and 170bps at CER (before IFRS16: £20.0m and 10.0%) and £3.5m and 170bps at AER (before IFRS16: £20.0m and 10.0%). For ROCE the impact has been a reduction of 100bps (before IFRS16: 13.0%).
Investing for growth
Since 2016, the business has been carefully investing in plant & machinery to increase capacity & efficiency as well as into key personnel and processes to capitalise upon the opportunities for growth globally.
Project Atlas is a significant planned investment into the integration and development of the Group’s business platform and underlying processes. This project is considered an essential part of our ongoing growth plans, both organic and acquisitive, and will allow us to continue to meet the evolving needs of our multinational OEM customers.
The four key drivers for this investment are:
To read more view our Annual Report 2020