Travis Perkins (TPK) investor relations material

Executive summary

• Leadership transition completed with a new CEO and refreshed management team focused on operational improvement, stakeholder value, and leveraging synergies across business units.

• Business structure clarified into three tiers, with core UK businesses delivering sustainable returns, while European operations and certain segments face challenges.

• Emphasis on disciplined cost, margin, and capital allocation, with a decentralized, sales-led approach.

• Underlying financial strength provides resilience and optionality.

• Oracle ERP transition pain largely behind, now yielding operational benefits.

Financial highlights

• Group revenue for the year was £4,565m, down 0.9% year-over-year; like-for-like revenue up 0.3%.

• Adjusted operating profit was £133m, down 12.5% year-over-year, in line with consensus.

• Adjusted EPS was 30.8p, down 15.8% year-over-year.

• Net cash position of £1m (pre-leases), the strongest in nearly 30 years, moving from £191m net debt.

• Ordinary dividend per share was 12.0p, reduced by 17.2%, consistent with 30-40% payout policy.

Outlook and guidance

• Ongoing economic and geopolitical uncertainty expected; focus remains on controllable factors, cost discipline, and further efficiency gains.

• Effective tax rate expected around 30%; capex guidance at £80m; property profits around £5m.

• Interest expense to rise by £6m due to refinancing, partially offset by higher interest income.

• Similar level of loss expected in Toolstation Benelux for the coming year.