The Group employs financial and non-financial key performance indicators (‘KPIs’) which signify progress towards the achievement of our strategy. Each division has its own KPIs which are in direct alignment with those of the Group and are included in the divisional operating reviews on this page.


FINANCIAL KPIs

Strategic objective

KPI

KPI Definition

FY13 performance

FY13 comment

FY14 outlook

Link to other disclosures

Deliver superior shareholder returns

Return on capital employed (‘ROCE’)

ROCE is defined as the operating profit before amortisation and exceptional items expressed as a percentage of the average total capital employed. Total capital employed represents total equity adjusted for net cash/debt, goodwill and intangibles previously written off, deferred and contingent consideration and investments in associates.

As anticipated, the increase in ROCE over the prior year was driven by continued excellent working capital management and the recovery in operating profits in DCC Energy.

The achievement of returns on total capital employed in excess of the cost of capital will continue to be a key focus of the Group.

Chief Executive’s Review

page see this page


Financial Review

page see this page

Drive for enhanced operational performance

Operating profit growth on a constant currency basis

Measures the change in operating profit on continuing activities before amortisation and exceptional items achieved in the current year (based on retranslating current year sterling figures at prior year exchange rates) compared to operating profit on continuing activities before amortisation and exceptional items reported in the prior year.

DCC Energy recorded operating profit growth on a constant currency basis of 48.0% over the prior year whilst the Group's other four divisions combined was marginally behind the prior year.

With the Group’s move to a sole listing in London, DCC will, from now on, present its results in sterling. The Group anticipates that operating profit will be approximately 10%-12% ahead of the current year which, in sterling, was £187m.

Chief Executive’s Review

page see this page


Financial Review

page see this page

Deliver superior shareholder returns

Adjusted earnings per share (‘eps’) growth on a constant currency basis

Measures the change in adjusted eps on continuing activities achieved in the current year (based on retranslating current year sterling figures at prior year exchange rates) compared to adjusted eps on continuing activities reported in the prior year.

The increase in adjusted eps was primarily driven by the factors mentioned under the operating profit kpi.

With the Group’s move to a sole listing in London, DCC will, from now on, present its results in sterling. The Group anticipates that adjusted eps will be approximately 8%-10% ahead of the current year which, in sterling, was 171 pence.

Chief Executive’s Review

page see this page


Financial Review

page see this page

Generate cash flows to fund organic and acquisition growth

and dividends

Operating cash flow

Measures cash generated from operations.

The Group generated excellent operating cash flow of €324.5 million during the year driven by operating profits of €229.2 million and a reduction in working capital of €34.6 million.

Cash generation and working capital management will remain a key focus of the Group.

Chief Executive’s Review

page see this page


Financial Review

page see this page

Extend our business and geographic footprint

Committed acquisition expenditure

Measures cash spent and future deferred and contingent consideration amounts for acquisitions completed during the year.

Significant acquisition activity during the year particularly in DCC Energy (€128.1 million) and DCC Healthcare (€71.5 million).

The Group will continue to pursue attractive opportunities in our traditional markets as well as looking to extend our business into new geographic markets.

Chief Executive’s Review

page see this page


Financial Review

page see this page

NON-FINANCIAL KPIs

Strategic objective

KPI

KPI Definition

FY13 performance

FY13 comment

FY14 outlook

Link to other disclosures

Grow a sustainable business

Carbon emissions

Total Scope 1 and 2 carbon emissions expressed in kilotonnes (kts) of CO2e.

Increase of 6% versus the prior year driven by acquisitions and an increase in usage of road diesel in the Energy division due to the colder winter, partially offset by improvements in operating efficiencies and energy saving initiatives.

Increases in absolute emissions due to acquisitions and organic growth will be partially offset by increased efficiencies and energy saving measures.

Sustainability Report

page see this page

Health and safety

Lost time injury rates

Lost Time Injury Frequency Rate ('LTIFR') measures the number of lost time injuries per 200,000 hours worked.

Steady improvement in the LTIFR was as a result of good performances in the Energy, Healthcare and Food & Beverage divisions. The improvement in the LTISR was driven by active case management of lost time injuries and the overall decrease in LTIs.

The Group is targeting a continued improvement in both LTI metrics.

Sustainability Report

page see this page


Lost Time Injury Severity Rate ('LTISR') measures the number of calendar days lost per 200,000 hours worked.

(back to top)