Solid delivery
o 7% growth in underlying and organic operating profit at constant exchange rates
o 6% growth in underlying revenue; 4% organic growth at constant exchange rates
o 7% growth in underlying profit before tax
o Stable margins
Strong revenue visibility
o 93% of revenue for full year 2016/17 in place
o 63% of revenue for full year 2017/18 already under contract
o £20 billion order book, reflecting £2 billion intake during the period
Maintained win rate of over 40% on new bids and over 90% on rebids
Continuing demand for our services
o Increased £10.8 billion bid pipeline of opportunities where formal process underway
o £3 billion of new entries into bid pipeline
o Strong tracking pipeline of future opportunities underpins long-term growth
Ongoing focus on financial discipline and cash performance
o Free cash flow up 8%
o Pre-capital expenditure cash conversion of 108%
o Net debt of £1,291 million; net debt to EBITDA ratio of 2.0x
Generating shareholder value
o 8% increase in underlying EPS to 37.2 pence
o 7% increase in interim dividend to 6.50 pence
