Wolseley Plc
2,339.00
GBp
Daily update
25 Apr 12
Company Overview
Activities
4
Wolseley is the world's largest specialist trade distributor of heating and plumbing products to the professional market and a leading supplier of building materials.Wolseley is also a leading
distributor of building materials, lumber products and industrial pipes, valves and fittings, with operations in the US, Canada, the UK and Mainland Europe. The Group breaks down into two
broad operating divisions, Europe and North America.
Share Data
(GBp)
Volume (mn)
3
2
Performance
Market Cap (£m)
Ticker
Shares in issue
Beta Volatility
6,667
CPI LN
285m
1.39
Dividends
2011
1.9%
45.0p
Dividend yield
Dividend per share
1
52 wk high
52 wk low
52 wk high
NA 52 wk low
YoY
Key Ratios
Volume
Wolseley
Apr-12
Apr
Mar-12
Mar
Feb-12
Feb
Jan-12
Jan
Dec-11
Dec
Nov-11
Nov
Oct-11
Oct
Nov-11
Nov
Sep
Sep-11
Jul-11
Jul
Aug
Aug-11
Jun-11
Jun
May-11
May
0
Rebased FTSE 100
1 day
1w
1m
3m
6m
1 yr
Co.
FTSE 100
%
%
%
%
%
%
1.2%
(3.0%)
(7.1%)
6.7%
30.2%
8.6%
8.4
0.2%
(0.5%)
(3.1%)
(0.6%)
4.2%
(5.0%)
GBp
GBp
%
%
2,593.0
1,385.0
90.2%
168.9%
6,103.73
4,791.01
93.7%
119.4%
Analyst Recommendations
2011
8.3%
10.6%
775
5.7%
457
3.4%
Return on equity
Return on capital
EBITDA
EBITDA margin
EBIT
EBIT margin
YoY Buy
169.2% Hold
325.5% Sell
500.8%
470.0%
332.0%
326.7%
13
10
1
Hold
42%
Buy
54%
Sell
4%
Profit Analysis: Year End 31-July
Product Destination Analysis
2007
IFRS
2009
2008
2010
Continuing operations:
Revenue
Cost of sales
Gross profit
£m
£m
£m
16,221
(11,702)
4,519
14,814
(10,633)
4,181
14,441
(10,464)
3,977
13,203
(9,556)
3,647
13,558
(9,776)
3,782
Distribution Costs
Administrative expenses
Other income
Operating profit
£m
£m
£m
£m
(2,958)
(847)
39
753
(2,799)
(863)
36
555
(3,097)
(1,502)
16
(606)
(2,681)
(1,177)
14
(197)
NA
NA
NA
457
Finance revenue
£m
58
72
72
14
(73)
Finance costs
£m
(177)
(228)
(217)
Profit before tax
£m
634
399
(766)
(328)
391
Income tax expense
Profit from continuing operations
Loss from discontinued operations
Profit/(Loss) attributable to:
Equity holders of the parent
Minority interest
£m
£m
£m
(160)
474
(157)
34
(38)
242
(168)
(732)
(441)
(366)
26
(110)
281
(10)
£m
£m
£m
474
474
74
0
74
(1,173)
0
(1,173)
(340)
0
(340)
271
271
73.52p
73.17p
134p
133.8p
(348.2)p
(348.2)p
(129.8)p
(129.8)p
99.4p
98.6p
41.0p
40.9p
(558.0)p
(558.0)p
(120.6)p
(120.6)p
95.9p
95.1p
Earnings per share from continuing operations
– basic
– diluted
Residential
RMI
36%
Non Residential
New
Construction
16%
Residential
New
Construction
20%
Non Residential
RMI
21%
7
(91)
-
Civil
Infrastructure
7%
2011
Revenue by Region 2011
France
14%
Central &
Eastern
Europe
6%
USA
41%
UK
18%
Earnings per share from discontinuing operations
– basic
– diluted
Corporate Action Calendar
Key Balance Sheet Data
2008
2009
2010
29 May 2012: Q3 Interim Management Statement
02 Oct 2012: Full Year Results
06 Dec 2012: Q1 Interim Management Statement
26 March 2013: Half Year Results
29 May 2013: Q3 Interim Management Statement
01 Oct 2013: Full Year Results
04 Dec 2013: Q1 Interim Management Statement
Working capital
Assets held for sale
Shareholders' equity
£m
£m
£m
1,629
43
3,359
1,551
88
3,376
896
111
3,059
Cash flow from operating activities
Free cash flow
Surplus/ (Deficit)
£m
£m
£m
1,015
(665)
(220)
1,028
612
136
744
894
(111)
Top Shareholders
Canada
6%
Cash flow and NFP for 2011
2011
1,265 Net CF from operating activities
595 Net capital expenditure
3,376 (Acquisition)/disposal of business
Net CF from other investing activities
Free cash flow
Changes in equity
Dividends paid
(196) Changes in Debt
(42) Surplus/(Deficit)
(247)
% Management
BlackRock Investment Managment (UK) Ltd.
Cevian Capital
Fidelity Worldwide Investment (UK) Ltd.
Capital Research Global Investors
AXA Investment Managers UK Ltd
13.99
5.15
4.94
4.61
4.58
Total
33.3
Gareth Davis
Ian Meakins
John Martin
Frank Roach
Tessa Bamford
Michael Clarke
Andrew Duff
Michael Wareing CMG
Karen Witts
Richard Shoylekov
Chairman
Group Chief Executive
Chief Financial Officer
Chief Executive, North America
Non Executive Director
Non-Executive Director
Non Executive Director
Non-Executive Director
Non-Executive Director
Group Company Secretary and General Counsel
Latest Announcements (Last update 04/20/12)
IR Contacts
2 April 2012: Completion of the disposal of Brossette
28 Mar 2012: Application made for block listing of 730,000 ordinary shares of 10 pence each
27 Mar 2012: Results for the half year to 31 January 2012
7 Dec 2011: Application made for block listing of 850,000 ordinary shares of 10 pence each
6 Dec 2011: Q1 Interim Management Statement for the 3 months to 31 October 2011
18 Nov 2011: Disposal of Minority Holding in Stock Building Supply
04 Nov 2011: Completion of the disposal of Build Center
04 Oct 2011: Final results for the year ended 31 July 2011
30 Sep 2011: Non Executive Director Appointment
02 Aug 2011: New £820 million revolving credit facilities
25 July 2011: Sale of Build Center and exclusive negotiations for the sale of Brossette
12 July 2011: Wolseley Announces Disposal of Electric Center
Wolseley Plc
Content provided by Investis in good faith on behalf of Wolseley Plc, which cannot be held responsible for the accuracy of this information
Nordic
16%
Investor Relations,
Company website
44 (0) 118 929 8700
www.wolseley.com
(196)
(26)
103
77
(42)
6
(42)
(92)
(247)