Swift response to cyber incident in September; financial impact at lower end of range
Margin expansion delivered after mitigating cyber and Covid-19 headwinds of 60 bps
PBTA^2,3 of £249m in line with last year despite FX headwinds
£266m operating cash flow³ impacted by inventory build and disruption from cyber incident

Acquisition of Motion Metrics accelerates technology and digital strategy
New products² increased to 6% of revenues and R&D investment² +40 bps
15%² reduction in CO₂e emissions since 2019; science-based targets to be set in 2022

Clear path to 17% operating margins in 2023; adding cash conversion targets
Subject to ongoing geopolitical uncertainty, strong growth in constant currency revenue and profit expected in 2022
Full year dividend of 8p in line with capital allocation policy

	2021	2020	As reported	Constant Currency¹
Continuing Operations²
Orders¹	£2,196m	£1,794m	n/a	+22%
Revenue	£1,934m	£1,965m	-2 %	+2%
Adjusted operating profit^3,4	£296m	£299m	-1 %	+5%
Adjusted operating margin^3,4	15.3%	15.2%	+10 bps	+40 bps
Adjusted profit before tax^3,4	£249m	£249m	— %	n/a
Statutory profit before tax⁴	£209m	£178m	+18 %	n/a
Adjusted earnings per share^3,4	71.3p	72.3p	-1 %	n/a
Total Group
Statutory profit (loss) after tax⁴	£259m	(£155m)	+£414m	n/a
Statutory earnings (loss) per share⁴	99.7p	(59.6p)	+159.3p	n/a
Adjusted operating cash flow^3,4	£266m	£365m	-27 %	n/a
Dividend per share	23.8p	0.0p	n/a	n/a
Net debt	£772m	£1,051m	+£279m	n/a