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Drax Group (DRX)

Electricity Generation and Distribution

553.00p

Trade now with Barclays Stockbrokers

	£ (Millions)	£ (Millions)	£ (Millions)	£ (Millions)	£ (Millions)
	31-Dec-23	31-Dec-22	31-Dec-21	31-Dec-20	31-Dec-19
Continuing Operations
Revenue	8,125.30	7,775.30	5,088.00	4,244.70	4,467.60

EBITDA	1,026.50	656.00	348.10	(212.70)	117.80
Depreciation & Amortisation	(225.00)	(239.00)	(199.40)	n/a	n/a

Operating Profit/(Loss)	801.50	417.00	148.70	(212.70)	117.80
Interest Payable	(115.50)	(83.50)	(71.20)	(76.30)	n/a
Interest Receivable/Investment Income	13.10	4.30	0.40	0.50	n/a

Group Profit after Interest	699.10	337.80	77.90	(289.10)	117.80
Share of Assoc Cos/JV Profits	(1.60)	0.50	n/a	n/a	n/a

Profit Before Tax	697.50	338.30	77.90	(289.10)	117.80
Tax	(246.30)	(0.30)	(18.70)	40.10	114.20

Profit After Tax	451.20	338.00	59.20	(249.00)	232.00

Discontinued Operations
Profit After Tax	n/a	n/a	16.70	36.70	19.50

PROFIT FOR PERIOD	451.20	338.00	75.90	(211.70)	251.50

Attributable to:
Equity Holders of Parent Company	452.50	340.60	76.40	(211.70)	251.50
Minority Interests	1.30	2.60	0.50	n/a	n/a

Equity Dividends	_cn/a	_cn/a	_cn/a	_cn/a	_cn/a
Retained Profit/(Loss) for the Financial Year	_c452.50	_c340.60	_c76.40	_c(211.70)	_c251.50

Per Share Record - Normalised	31-Dec-23	31-Dec-22	31-Dec-21	31-Dec-20	31-Dec-19
Continuing EPS
Earnings per Share - Basic	114.91p	85.06p	14.98p	(62.75p)	58.66p
Earnings per Share - Diluted	112.25p	82.19p	14.47p	(61.48p)	58.38p
Earnings per Share - Adjusted	119.60p	85.10p	22.30p	24.30p	24.90p
Continuing and Discontinued EPS
Earnings per Share - Basic	114.91p	85.06p	0.19p	(53.35p)	63.59p
Earnings per Share - Diluted	112.25p	82.19p	0.19p	(52.27p)	63.29p
Earnings per Share - Adjusted	119.60p	85.10p	26.50p	29.60p	29.90p

Dividend per Share	23.10p	21.00p	18.80p	17.10p	15.90p

Key Financals	31-Dec-23	31-Dec-22	31-Dec-21	31-Dec-20	31-Dec-19
Shares in Issue (millions)
Shares in Issue - Year End	424.92	414.87	413.07	410.85	410.48
Weighted Average	393.80	400.40	398.40	396.80	395.50
Diluted	403.10	414.40	412.60	405.00	397.40

Performance Ratios
Continuing Operations
Operating Margin	9.86%	5.36%	2.92%	(5.01%)	2.64%
Return on Capital Employed	23.29%	16.36%	0.06%	n/a	4.12%
Continuing Operations & Discontinued Operations
Return on Equity	19.17%	22.54%	0.05%	(12.81%)	12.34%

Financial Status
Continuing Operations
Interest Cover - Continuing	7.04	5.05	2.09	(2.79)	n/a
Revenue per Share	2,063.31p	1,941.88p	12.89p	1,069.73p	1,129.61p
Pre-Tax Profit Per Share - Continuing	177.12p	84.49p	0.20p	(72.86p)	29.79p

Market Data
Continuing Operations
Earnings Per Share Growth - Basic	35%	468%	n/a	n/a	463%
Earnings Per Share Growth - Diluted	37%	468%	n/a	n/a	467%
PE Ratio - Company Adjusted	4.3	8.3	40.4	n/a	5.4
PEG - Company Adjusted	0.1	0.0	n/a	n/a	0.0
Dividend Cover	4.97	4.05	0.80	(3.67)	3.69
Continuing Operations & Discontinued Operations
Earnings per Share - Company Adjusted	35%	43,845%	n/a	n/a	511%
Earnings per Share - Diluted	37%	43,874%	n/a	n/a	515%
PE Ratio - Company Adjusted	4.3	8.3	3,125.5	n/a	4.9
PEG - Company Adjusted	0.1	0.0	n/a	n/a	0.0
Dividend Cover	4.97	4.05	0.01	(3.12)	4.00

Market Capitalisation £ (Millions)	2,080.85	2,916.55	2,499.06	1,540.68	1,288.89
Dividend per Share	23.10p	21.00p	18.80p	17.10p	15.90p
Dividend Yield	4.7%	3.0%	3.1%	4.6%	5.1%
Dividend per Share Growth	10.00%	11.70%	9.94%	7.55%	12.77%

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.