REG - Johnson Matthey PLC - Half Yearly Report <Origin Href="QuoteRef">JMAT.L</Origin> - Part 3
20/11/2014 08:00
- Part 3: For the preceding part double click ID:nRST5053Xb
US Dollar Bonds 2015, 2016, 2022, 2023, 2025
and 2028 (606.0) (603.0) (682.5) (653.9) (598.7) (580.3)
Euro Bonds 2021 and 2023 (93.5) (110.6) (100.3) (112.1) (99.1) (114.1)
Euro EIB loans 2019 (96.6) (101.0) (103.6) (102.5) (102.4) (104.6)
Sterling Bonds 2024 (65.0) (65.8) (65.0) (61.4) (65.0) (63.7)
Unquoted investments included in non-current available-for-sale investments are held at cost at 30th September 2014 of £8.5
million (30th September 2013 £8.4 million, 31st March 2014 £8.4 million) as their fair value cannot be measured reliably.
There is no active market for these investments since they are investments in a company that is in the start up phase and
in investment vehicles that invest in start up companies and are categorised as level 3.
Financial Calendar
2014
27th November
Ex dividend date
28th November
Interim dividend record date
2015
3rd February
Payment of interim dividend
4th June
Announcement of results for the year ending 31st March 2015
11th June
Ex dividend date
12th June
Final dividend record date
22nd July
124th Annual General Meeting (AGM)
4th August
Payment of final dividend subject to declaration at the AGM
Cautionary Statement
This announcement contains forward looking statements that are subject to risk factors associated with, amongst other things, the economic
and business circumstances occurring from time to time in the countries and sectors in which the group operates. It is believed that the
expectations reflected in this announcement are reasonable but they may be affected by a wide range of variables which could cause
actual results to differ materially from those currently anticipated.
Johnson Matthey Public Limited Company
Registered Office: 5th Floor, 25 Farringdon Street, London EC4A 4AB
Telephone: 020 7269 8400
Internet address: www.matthey.com
E-mail: jmpr@matthey.com
Registered in England ─ Number 33774
Registrars
Equiniti, Aspect House, Spencer Road, Lancing, West Sussex BN99 6DA
Telephone: 0871 384 2344
Internet address: www.shareview.co.uk
Group Highlights (Underlying Results)
Six months ended % at Six months ended
30.9.14 30.9.13 constant 30.9.14 30.9.13
£ million £ million % rates £ million £ million %
Sales excluding precious metals 1,514 1,486 +2 +8 Earnings per share (pence) 88.7 84.9 +4
Operating profit 234.1 234.2 - +7 Dividend per share (pence) 18.5 17.0 +9
Net finance costs (17.9) (21.7) +18 Total research and development 80.1 72.8 +10
Share of profit of joint venture 0.2 0.4 Pension costs 21.8 22.8 -4
Profit before tax 216.4 212.9 +2 Net cash flow from operating activities 163.2 246.6
Income tax expense (37.2) (41.4) Capital expenditure 71.3 96.8
Profit after tax 179.2 171.5 +4 Net debt (802.0) (792.6)
Divisional Highlights
ECT Process Technologies PMP Fine Chemicals New Businesses
Six months ended Six months ended Six months ended Six months ended Six months ended
30.9.14 30.9.13 30.9.14 30.9.13 30.9.14 30.9.13 30.9.14 30.9.13 30.9.14 30.9.13
£ million £ million % £ million £ million % £ million £ million % £ million £ million % £ million £ million %
Sales excl. precious metals 869 815 +7 283 288 -2 193 214 -10 155 161 -4 37 35 +5
Underlying operating profit 118.1 94.2 +25 49.7 48.9 +2 52.0 74.3 -30 41.8 40.7 +3 (12.0) (9.2) -30
Return on sales 13.6% 11.6% 17.6% 17.0% 26.9% 34.7% 26.9% 25.2% n/a n/a
Return on invested capital 23.4% 18.7% 15.0% 17.2% 32.9% 40.6% 18.4% 17.2% n/a n/a
Divisional Sales Excluding Precious Metals Detail Average Exchange Rates
Six months ended % at Six months ended
30.9.14 30.9.13 constant 30.9.14 30.9.13 %
£ million £ million % rates USD/GBP 1.68 1.54 +9
LDV Europe 305 287 +6 +13 EUR/GBP 1.24 1.17 +6
LDV Asia 123 120 +2 +12 RMB/GBP 10.39 9.48 +10
LDV North America 89 96 -7 +1
LDV 517 503 +3 +10 Average Metal Prices
HDD North America 206 187 +10 +20 Six months ended
HDD Europe 116 103 +13 +21 30.9.14 30.9.13
HDD Asia 30 22 +42 +59 $/oz $/oz %
HDD 352 312 +13 +23 Platinum 1,447 1,463 -1
ECT 869 815 +7 +15 Palladium 849 721 +18
Syngas 81 85 -4 - Gold 1,286 1,370 -6
Oleo/biochemicals 35 36 -3 +1
Petrochemicals 43 55 -21 -19 Market Data
Chemicals 159 176 -9 -6 Estimated LDV Sales and Production *
Refineries 66 56 +17 +23 Six months ended
Gas Processing 21 23 -11 -10 30.9.14 30.9.13
Diagnostic Services 37 33 +13 +19 million million %
Oil and Gas 124 112 +10 +15 North America Sales 10.2 9.6 +6
Process Technologies 283 288 -2 +2 Production 8.4 8.1 +3
Precious Metals Management 9 31 -73 -72 Europe Sales 9.0 9.1 -1
Refining 52 59 -9 -2 Production 9.7 9.8 -
Services 61 90 -32 -28 Asia Sales 18.4 17.4 +6
Noble Metals 69 58 +17 +25 Production 21.8 20.6 +6
Advanced Glass Technologies 41 45 -7 -2 Global Sales 43.2 41.9 +3
Chemical Products 22 21 +2 +8 Production 42.6 41.6 +3
Manufacturing 132 124 +6 +12
PMP 193 214 -10 -5 Estimated HDD Truck Sales and Production *
API Manufacturing 100 105 -5 - Six months ended
Catalysis and Chiral Technologies 18 15 +14 +21 30.9.14 30.9.13
Research Chemicals 37 41 -8 -2 thousand thousand %
Fine Chemicals 155 161 -4 +1 North America Sales 255.2 225.1 +13
Battery Technologies 35 32 +10 +15 Production 260.1 236.3 +10
Fuel Cells 2 3 -52 -52 EU Sales 128.9 134.6 -4
New Businesses 37 35 +5 +9 Production 186.9 207.2 -10
Eliminations (23) (26) +14 +11 * Source: LMC Automotive
Group 1,514 1,486 +2 +8
This information is provided by RNS
The company news service from the London Stock ExchangeRecent news on Johnson Matthey
See all newsREG - Johnson Matthey PLC - Director Declaration
AnnouncementREG - Johnson Matthey PLC - Director/PDMR Shareholding
AnnouncementREG - Johnson Matthey PLC - Director/PDMR Shareholding
AnnouncementREG - Johnson Matthey PLC - Director/PDMR Shareholding
AnnouncementREG - Johnson Matthey PLC - Update on Catalyst Technologies sale
Announcement