Key Performance Indicators - 7 year view

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Key Performance Indicators - 7 year view
Published 5 May 2016
Sheet 1
Sheet 2
7 year Income statement & free cash flow
Income statement & free cash flow by quarter. Q1 2011/12 to Q4 2015/16
For further information please contact:
BT Investor Relations
Phone
+44 (0)20 7356 4909
Email
[email protected]
Web
www.bt.com/ir
While BT believes the information contained in this document to be reliable, BT does not warrant the accuracy, completeness or validity of the information, figures or calculations
that follow and shall not be liable in any way for loss or damage arising out of the use of the information, or any errors or omissions in its content.
2009/10
Full Year
1. Group income statement
2010/11
Full Year
2011/12
Full Year
2012/13
Full Year
2013/14
Full Year
2014/15
Full Year
2015/16
Full Year
8,042
3,294
3,925
7,392
3,220
3,846
7,269
3,213
4,019
6,779
3,145
4,285
2,608
5,115
54
(3,896)
18,339
869
2,422
5,061
82
(3,779)
18,287
697
2,157
5,011
73
(3,599)
17,851
555
6,530
3,130
4,598
1,055
2,086
5,100
73
(3,663)
18,909
419
£m unless otherwise stated
1
Revenue
BT Global Services
BT Business
BT Consumer
EE
BT Wholesale
Openreach
Other
Eliminations
Total
- of which transit
Underlying revenue2 excl. transit (YoY % change)
21,011
1,800
20,174
1,559
2,943
5,187
18
(4,012)
19,397
1,173
-2.9%
-3.0%
-1.9%
-3.1%
0.5%
-0.4%
2.0%
948
939
882
950
940
968
1,041
1,002
833
1,047
1,041
1,031
620
2,642
23
6,143
614
2,601
25
6,116
561
2,600
(9)
6,271
1,048
1,076
1,037
261
542
2,664
(48)
6,580
1
EBITDA
BT Global Services
BT Business
BT Consumer
EE
BT Wholesale
Openreach
Other
Total
Depreciation and amortisation
1
Operating profit1
Net finance expense1
Share of post tax profits/losses of associates & joint ventures
Profit before tax
1
1
5,622
5,858
667
2,618
(20)
6,034
(3,039)
(2,979)
(2,972)
(2,843)
(2,695)
(2,538)
(2,630)
2,583
2,879
3,062
3,300
3,421
3,733
3,950
(890)
(845)
(681)
(653)
(591)
(560)
(483)
25
21
10
9
(3)
(1)
6
1,718
2,055
2,391
2,656
2,827
3,172
3,473
Specific items
Net interest on pensions
Total specific items
(449)
(236)
(685)
(287)
(417)
(704)
(173)
(98)
(271)
(224)
(117)
(341)
(280)
(235)
(515)
(235)
(292)
(527)
(223)
(221)
(444)
Reported profit before tax
1,033
1,351
2,120
2,315
2,312
2,645
3,029
Tax - excluding tax on specific items
Tax on specific items
Tax rate
(393)
408
22.9%
(445)
327
21.7%
(576)
212
24.1%
(597)
230
22.5%
(613)
319
21.7%
(631)
121
19.9%
(607)
166
17.5%
Net income
1,048
1,233
1,756
1,948
2,018
2,135
2,588
17.1
13.5
6.9
7,740
20.7
15.9
7.4
7,750
23.4
22.6
8.3
7,763
26.3
24.8
9.5
7,832
28.2
25.7
10.9
7,857
31.5
26.5
12.4
8,056
33.2
29.9
14.0
8,619
5,622
(2,480)
(951)
60
(219)
2,032
74
0
(173)
1,933
(525)
1,408
5,858
(2,630)
(944)
(356)
148
2,076
147
0
(212)
2,011
(1,030)
981
6,034
(2,560)
(685)
(615)
133
2,307
215
0
(204)
2,318
(2,000)
318
6,143
(2,438)
(692)
(624)
(89)
2,300
560
(202)
(366)
2,292
(325)
1,967
6,116
(2,346)
(608)
(424)
(288)
2,450
77
0
(356)
2,171
(325)
1,846
6,271
(2,411)
(573)
(415)
(42)
2,830
106
0
(154)
2,782
(876)
1,906
6,580
(2,459)
(541)
(459)
(23)
3,098
203
0
(232)
3,069
(880)
2,189
9,283
8,816
9,082
7,797
7,028
5,119
9,845
1
EPS (p)
Reported EPS (p)
Dividend per share (p)
Average number of shares in issue (m)
Group free cash flow
EBITDA1
Capital expenditure3
Interest
Tax (excluding cash tax benefit of pension deficit payments)
Change in working capital & other
Normalised free cash flow4
Cash tax benefit of pension deficit payments
Purchases of telecoms licences
Specific items
Reported free cash flow
Gross pension deficit payment
Free cash flow (post pension deficit payments)
Net debt
1
before specific items
2
excludes specific items, foreign exchange movements and the effect of acquisitions and disposals
3
before purchases of telecommunications licences
4
before specific items, purchases of telecommunications licences, pension deficit payments and the cash tax benefit of pension deficit payments
2. Group income statement by quarter
2011/12
Q1
2011/12
Q2
2011/12
Q3
2011/12
Q4
2011/12
Full Year
2012/13
Q1
2012/13
Q2
2012/13
Q3
2012/13
Q4
2012/13
Full Year
2013/14
Q1
2013/14
Q2
2013/14
Q3
2013/14
Q4
2013/14
Full Year
2014/15
Q1
2014/15
Q2
2014/15
Q3
2014/15
Q4
2014/15
Full Year
2015/16
Q1
2015/16
Q2
2015/16
Q3
2015/16
Q4
2015/16
Full Year
1,955
814
979
2,076
828
981
1,955
819
985
2,056
833
980
8,042
3,294
3,925
1,791
775
959
1,809
797
952
1,799
802
953
1,993
846
982
7,392
3,220
3,846
1,752
785
950
1,743
799
987
1,847
808
1,014
1,927
821
1,068
7,269
3,213
4,019
1,647
762
1,046
1,649
789
1,056
1,694
789
1,083
1,789
805
1,100
6,779
3,145
4,285
1,543
749
1,074
1,559
781
1,127
1,675
779
1,205
759
1,269
4
(992)
4,788
312
737
1,294
3
(1,002)
4,917
287
734
1,313
4
(1,014)
4,796
284
713
1,311
7
(1,004)
4,896
290
2,943
5,187
18
(4,012)
19,397
1,173
678
1,270
6
(975)
4,504
243
616
1,283
9
(973)
4,493
204
645
1,286
14
(972)
4,527
214
669
1,276
25
(976)
4,815
208
2,608
5,115
54
(3,896)
18,339
869
638
1,245
18
(939)
4,449
192
624
1,271
18
(951)
4,491
183
589
1,274
14
(947)
4,599
173
571
1,271
32
(942)
4,748
149
2,422
5,061
82
(3,779)
18,287
697
525
1,245
19
(890)
4,354
144
529
1,245
16
(901)
4,383
141
532
1,255
20
(898)
4,475
141
571
1,266
18
(910)
4,639
129
2,157
5,011
73
(3,599)
17,851
555
530
1,249
16
(883)
4,278
109
520
1,267
19
(892)
4,381
99
527
1,294
21
(907)
4,594
102
1,753
821
1,192
1,055
509
1,290
17
(981)
5,656
109
6,530
3,130
4,598
1,055
2,086
5,100
73
(3,663)
18,909
419
-2.9%
£m unless otherwise stated
Revenue1
BT Global Services
BT Business
BT Consumer
EE
BT Wholesale
Openreach
Other
Eliminations
Total
- of which transit
Underlying revenue2 excl. transit (YoY % change)
0.4%
-3.0%
-2.0%
-1.9%
-3.3%
-5.5%
-3.2%
-0.2%
-3.1%
-1.1%
-0.5%
2.4%
1.2%
0.5%
0.5%
0.2%
-1.0%
-1.3%
-0.4%
0.0%
2.0%
4.7%
1.3%
2.0%
EBITDA1
BT Global Services
BT Business
BT Consumer
EE
BT Wholesale
Openreach
Other
Total
211
229
216
236
229
214
229
238
214
272
243
238
948
939
882
197
220
246
209
227
238
246
239
228
298
254
256
950
940
968
210
236
231
222
247
158
290
257
175
319
262
269
1,041
1,002
833
213
240
238
226
258
225
261
266
251
347
277
317
1,047
1,041
1,031
190
240
254
216
261
202
276
268
270
172
617
(17)
1,428
171
648
(10)
1,488
168
672
(5)
1,516
156
681
12
1,602
667
2,618
(20)
6,034
163
633
(7)
1,452
143
664
7
1,488
153
662
11
1,539
161
683
12
1,664
620
2,642
23
6,143
157
605
1
1,440
159
642
6
1,434
146
660
9
1,537
152
694
9
1,705
614
2,601
25
6,116
126
624
(6)
1,435
125
627
(11)
1,450
136
651
2
1,567
174
698
6
1,819
561
2,600
(9)
6,271
140
639
(14)
1,449
127
648
(12)
1,442
135
677
(13)
1,613
366
307
311
261
140
700
(9)
2,076
1,048
1,076
1,037
261
542
2,664
(48)
6,580
Depreciation and amortisation1
(739)
(753)
(734)
(746)
(2,972)
(723)
(722)
(706)
(692)
(2,843)
(697)
(677)
(670)
(651)
(2,695)
(652)
(618)
(618)
(650)
(2,538)
(628)
(623)
(592)
(787)
(2,630)
689
735
782
856
3,062
729
766
833
972
3,300
743
757
867
1,054
3,421
783
832
949
1,169
3,733
821
819
1,021
1,289
3,950
(168)
(174)
(166)
(173)
(681)
(169)
(169)
(167)
(148)
(653)
(146)
(148)
(144)
(153)
(591)
(145)
(143)
(134)
(138)
(560)
(132)
(112)
(95)
(144)
(483)
4
2
4
0
10
7
2
0
0
9
(2)
0
(1)
0
(3)
0
1
(1)
(1)
(1)
5
(1)
2
0
6
Profit before tax1
525
563
620
683
2,391
567
599
666
824
2,656
595
609
722
901
2,827
638
690
814
1,030
3,172
694
706
928
1,145
3,473
Specific items
Net interest on pensions
Total specific items
(66)
(24)
(90)
(67)
(25)
(92)
(26)
(24)
(50)
(14)
(25)
(39)
(173)
(98)
(271)
(2)
(28)
(30)
(14)
(29)
(43)
(55)
(28)
(83)
(153)
(32)
(185)
(224)
(117)
(341)
(87)
(59)
(146)
(52)
(58)
(110)
(46)
(59)
(105)
(95)
(59)
(154)
(280)
(235)
(515)
(19)
(73)
(92)
(54)
(73)
(127)
(48)
(72)
(120)
(114)
(74)
(188)
(235)
(292)
(527)
(7)
(55)
(62)
(8)
(56)
(64)
(11)
(55)
(66)
(197)
(55)
(252)
(223)
(221)
(444)
Operating profit1
Net finance expense1
Share of post tax profits/losses of associates & joint ventures 1
Reported profit before tax
435
471
570
644
2,120
537
556
583
639
2,315
449
499
617
747
2,312
546
563
694
842
2,645
632
642
862
893
3,029
(127)
16
24.2%
(136)
94
24.2%
(149)
10
24.0%
(164)
92
24.0%
(576)
212
24.1%
(129)
7
22.8%
(136)
108
22.7%
(151)
18
22.7%
(181)
97
22.0%
(597)
230
22.5%
(135)
32
22.6%
(136)
250
22.3%
(151)
27
20.9%
(191)
10
21.2%
(613)
319
21.7%
(127)
22
19.9%
(137)
20
19.9%
(162)
26
19.9%
(205)
53
19.9%
(631)
121
19.9%
(132)
11
19.0%
(129)
12
18.3%
(173)
107
18.6%
(173)
36
15.1%
(607)
166
17.5%
324
429
431
572
1,756
415
528
450
555
1,948
346
613
493
566
2,018
441
446
558
690
2,135
511
525
796
756
2,588
5.1
4.2
7,755
5.5
5.5
2.6
7,762
6.1
5.5
7,766
6.7
7.4
5.7
7,771
23.4
22.6
8.3
7,763
5.6
5.3
7,788
5.9
6.7
3.0
7,839
6.5
5.7
7,865
8.2
7.1
6.5
7,838
26.3
24.8
9.5
7,832
5.9
4.4
7,839
6.0
7.8
3.4
7,864
7.3
6.3
7,867
9.0
7.2
7.5
7,858
28.2
25.7
10.9
7,857
6.5
5.6
7,856
6.9
5.6
3.9
8,027
8.0
6.9
8,122
10.0
8.4
8.5
8,221
31.5
26.5
12.4
8,056
6.7
6.1
8,330
6.9
6.3
4.4
8,339
9.0
9.5
8,356
10.2
8.0
9.6
9,457
33.2
29.9
14.0
8,619
EBITDA1
Capital expenditure3
Interest
Tax (excluding cash tax benefit of pension deficit payments)
Change in working capital & other
Normalised free cash flow4
Cash tax benefit of pension deficit payments
Purchases of telecoms licences
Specific items
Reported free cash flow
Gross pension deficit payment
Free cash flow (post pension deficit payments)
1,428
(618)
(214)
(136)
(259)
201
107
0
(61)
247
0
247
1,488
(618)
(131)
(144)
(32)
563
108
0
(42)
629
0
629
1,516
(639)
(200)
(163)
120
634
0
0
(48)
586
0
586
1,602
(685)
(140)
(172)
304
909
0
0
(53)
856
(2,000)
(1,144)
6,034
(2,560)
(685)
(615)
133
2,307
215
0
(204)
2,318
(2,000)
318
1,452
(661)
(213)
(171)
(531)
(124)
162
0
(33)
5
0
5
1,488
(619)
(129)
(181)
(243)
316
162
0
(90)
388
0
388
1,539
(586)
(210)
(168)
232
807
157
0
(96)
868
0
868
1,664
(572)
(140)
(104)
453
1,301
79
(202)
(147)
1,031
(325)
706
6,143
(2,438)
(692)
(624)
(89)
2,300
560
(202)
(366)
2,292
(325)
1,967
1,440
(600)
(222)
(31)
(647)
(60)
20
0
(134)
(174)
0
(174)
1,434
(634)
(71)
(91)
(28)
610
19
0
(72)
557
0
557
1,537
(568)
(205)
(152)
(58)
554
19
0
(58)
515
0
515
1,705
(544)
(110)
(150)
445
1,346
19
0
(92)
1,273
(325)
948
6,116
(2,346)
(608)
(424)
(288)
2,450
77
0
(356)
2,171
(325)
1,846
1,435
(530)
(205)
(133)
(445)
122
19
0
(80)
61
0
61
1,450
(521)
(87)
(136)
(173)
533
19
0
(75)
477
0
477
1,567
(568)
(183)
(70)
162
908
15
0
4
927
0
927
1,819
(792)
(98)
(76)
414
1,267
53
0
(3)
1,317
(876)
441
6,271
(2,411)
(573)
(415)
(42)
2,830
106
0
(154)
2,782
(876)
1,906
1,449
(626)
(183)
(88)
(446)
106
69
0
(52)
123
(625)
(502)
1,442
(595)
(65)
(91)
(122)
569
46
0
(30)
585
0
585
1,613
(589)
(181)
(142)
203
904
44
0
(18)
930
0
930
2,076
(649)
(112)
(138)
342
1,519
44
0
(132)
1,431
(255)
1,176
6,580
(2,459)
(541)
(459)
(23)
3,098
203
0
(232)
3,069
(880)
2,189
Net debt
8,585
8,317
7,736
9,082
9,082
9,142
9,037
8,140
7,797
7,797
8,058
8,074
7,640
7,028
7,028
7,079
7,063
6,202
5,119
5,119
5,819
5,919
5,021
9,845
9,845
Tax - excluding tax on specific items
Tax on specific items
Tax rate
Net income
EPS1 (p)
Reported EPS (p)
Dividend per share (p)
Average number of shares in issue (m)
Group free cash flow
1
before specific items
excludes specific items, foreign exchange movements and the effect of acquisitions and disposals
3
before purchases of telecommunications licences
4
before specific items, purchases of telecommunications licences, pension deficit payments and the cash tax benefit of pension deficit payments
2
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