Galliford Try Holdings Plc · LSE:GFRD
Galliford Try — FY2026 Earnings Presentation
40 slides from Galliford Try's earnings presentation, Sep 17, 2026
Slide 1: Confident delivery
Confident delivery Full year results to 30 June 2026 17 September 2026
Slide 2: Agenda
Agenda Full year results to 30 June 2026 FY26 highlights Financial review Sustainable Growth to 2030 Q&A Bill Hocking Kris Hampson Chief Executive Chief Financial Officer 2
Slide 3: Excellent performance; continued delivery
Excellent performance; continued delivery Delivering Sustainable Growth Consistent High-quality Government Strong balance delivery drives order book with investment sheet and capital six consecutive excellent priorities aligned allocation years of growth visibility of work to our chosen opportunitie
Slide 4: Strong momentum delivers sixth year of profitable growth
Strong momentum delivers sixth year of profitable growth £1.93bn +3.0% 3.5% +53bps £55.9m +24.2% 42.4p +23.1% Revenue Divisional adjusted Adjusted profit Adjusted basic (FY25: £1.88bn) operating margin1,2 before tax1 earnings per share1 (FY25: 3.0%) (FY25: £45.0m) (FY25: 34.4p) 23.5p +23.7% £216.2m
Slide 5: Financial review
Financial Kris review Hampson Chief Financial Officer The Rise, Cardiff 5
Slide 6: Broad based progress across the income statement
Broad based progress across the income statement Commercial discipline and operational execution drive growth Six consecutive years of revenue and profit growth. FY26 FY25 Var Revenue up 3.0% - ahead of expectations. Revenue (£m) 1,931.1 1,875.2 +3.0% Adjusted PBT up strongly by 24.2% driven b
Slide 7: Building division
Building division Strong margin progression and confident outlook High-quality order book Health FY26 FY25 Var £21m Revenue (£m) 951.0 964.7 (1.4)% £333m FM Defence £711m Adjusted operating profit (£m) 33.1 28.1 +17.8% £334m Adjusted operating margin (%) 3.5 2.9 +57bps £2.7bn Commercial Order book (
Slide 8: Infrastructure division
Infrastructure division Strong margin growth across Environment and Highways High-quality order book FY26 FY25 Var Revenue (£m) 971.6 902.5 +7.7% Adjusted operating profit (£m) 34.3 27.4 +25.2% £519m Highways Environment (National Highways, Adjusted operating margin (%) 3.5 3.0 +49bps Local Authorit
Slide 9: Strong and straightforward balance sheet
Strong and straightforward balance sheet Excellent cash position and growing net assets Robust cash position. Balance sheet £m 30 Jun 2026 30 Jun 2025 • 12-month average month-end cash of £216.2m, up 21.0% from FY25. Intangible assets & goodwill 105.2 97.0 • Year-end cash of £259.0m, up 9.0% on Ju
Slide 10: Consistent cash conversion enables capital allocation
Consistent cash conversion enables capital allocation 100% cash conversion FY26 cash bridge 3-year aggregated cash bridge Trading inflow Capital allocation Trading inflow Capital allocation 320 £62.3m outflow £153m outflow £39.5m £102.9m 6.4 300 56.1 0.9 400 13.6 (8.1) (1.1) 380 5.1 280 360 138.7 (1
Slide 11: Capital allocation model
Capital allocation model Disciplined and consistent policy driving current and future EPS growth Sustainable and growing Profit growth to 2030 dividends delivers capital allocation optionality M&A + organic investments @target IRRs and/or share buybacks Investing for growth Shareholder returns Abi
Slide 12: Bolt-on M&A opportunities
Bolt-on M&A opportunities Disciplined approach to M&A based on successful experience Strategic criteria Active pipeline: bolt-on, higher margin specialist businesses complementary to our Existing or adjacent existing capabilities and closely aligned to sectors in which we are already established. se
Slide 13: Strong performance
Strong performance Six years of consistent, sequential growth; confidence in delivering 2030 targets FY26 revenue +3.0% >£2.2bn 1,931 FY26 adjusted PBT +24.2% FY26 adjusted EPS +23.1% TSR 413% 1,764 1,875 1 July 2020 to 30 June 2026 1,394 55.9 42.4 1,125 1,237 45.0 34.4 £m £m 35.0 29.6 12 half per
Slide 14: Sustainable Growth to 2030
Sustainable Bill Growth to Hocking 2030 Chief Executive Faifley Community Campus, West Dunbartonshire 14
Slide 15: Sustainable Growth Strategy targets
Sustainable Growth Strategy targets Excellent progress against 2030 objectives; confident outlook Grow revenue Grow our specialist Re-enter the Leverage our Continue to grow and margin in businesses Affordable geographical and earnings, capital our three core in higher margin, Homes client footprint
Slide 16: Margin improvement
Margin improvement Divisional adjusted operating margin 4.0% Divisional adjusted Higher operating margin margin work Operational (Specialist 3.5% Better contracting improvement (quality, Services, Investments Volume efficiency, and affordable environment digital & tech) homes) growth & leverage FY26
Slide 17: Our engine for Sustainable Growth
Our engine for Focused risk Sustainable Growth management Embedded culture of discipline and risk awareness that Assessing and managing risks and uncertainties is the drives a high-quality order book and selective bidding. central element of our process and business strategy. Board Robust approval f
Slide 18: Our people
Our people 4,300+ 85% 34 employee employees regional bases advocacy score 45 414 32,374 career moves promotions training days internally 22 10.4% No1 Career Paths with in early careers for graduates (graduates, apprentices over 200 roles and trainees) and apprentices 18
Slide 19: Attractive markets with structural growth
Attractive markets with structural growth Volume growth and leverage Environment Highways Energy UK Infrastructure 10-Year Strategy £104bn £43bn £75bn UK Government's Clean Power 2030 confirms major Record investment of £104bn approved by £27bn Road Investment Strategy (RIS 3) to renew Strateg
Slide 20: Record, high-quality £4.3bn order book
Record, high-quality £4.3bn order book Volume growth and leverage Order book Work secured position gives strong 92% Repeat clients for FY26 39% by division future visibility (FY25: 93%) £4.3bn Building 61% 90% Infrastructure 91% of our work is in frameworks 62% (FY25: 90%) 44% 5% Order book AMP9, 10
Slide 21: Recent successes
Recent successes Volume growth and leverage Building Infrastructure Specialist Services £99m projects at RAF Lakenheath, RAF Reappointed to the £1bn YORcivil Major Appointment to the new ESPO Vehicle Boulmer & RAF Leeming. Works 2 framework. Charging Infrastructure (VCI3) £15bn Department for Educat
Slide 22: Winning work based on quality over price
Winning work based on quality over price Better contracting environment Order book by procurement Example of scoring route over time criteria from 2027 Management 15% Project delivery 15% Multi-stage negotiation 45% 20%-30% SHEQ 10% 37% 17% Sustainability and carbon 8% 70%-80% FY26 Target/cost plus
Slide 23: Delivering social value
Delivering social value Better contracting environment Social and Local Economic Value delivered across 39 projects completing in FY26, with a value >£5m 79% £527m of projects achieved Social and Local SLEV delivered Economic Value (SLEV) > 25% Including 239 2,984 4,495 99 apprenticeship weeks commu
Slide 24: Driving quality and efficiency
Driving quality and efficiency Operational improvements BIM and 5D models Digital rehearsals Precision technology Digital design automation AI and machine Hydrogen power Modern Methods learning generators Robotics of Construction 24
Slide 25: Why we target frameworks
Why we target frameworks Frameworks align to our strategy Infrastructure Improved risk allocation. Established and well-understood T&Cs. Long-term visibility and better Building strategic planning. Long-term client relationships. Continuous improvement. 91% of our work is Adjacent markets
Slide 26: Excellent water position
Excellent water position Higher margin growth AMP7/8 frameworks (Operates across the UK) FY20 8 8 FY21 8 8 FY22 19 9 18 46 FY23 20 11 18 49 FY24 21 13 20 54 FY25 21 14 20 55 FY26 21 15 22 58 13 We are working with all of the UK’s major water and sewerage companies. Average number of consecutive year
Slide 27: End-to-end water capability
End-to-end water capability Higher margin work with major demand A 3 Coagulation & 4 G Drone Surveys Access Metal Works 2 Pre-treatment Flocculation Clarification (DAF/ Settlement) and Scanning 1 F Flow Control Raw Water Abstraction & Screening D Pipe Specials E CCTV 5 Filtration B Motor Control Cen
Slide 28: Summary and outlook
Summary and outlook Six years of consistent delivery; on track Adjusted PBT up 24.2% for 2030 £55.9m £45.0m Further progress towards our 2030 targets. £35.0m £20.6m £22.4m Disciplined risk management, careful project £12.4m selection and quality delivery underpin our £20.5m £24.7m £4.6m £7.8m £1
Slide 29: Questions
Questions Bill Hocking Chief Executive Kris Hampson Chief Financial Officer 29
Slide 30: Appendices
Appendices 1. Sustainable Growth Strategy 2. Segmental analysis 3. Acquisition history 4. Video library 5. Better contracting environment 6. Why we target frameworks 7. Investment case 8. Our sustainability commitments 9. Sustainability highlights 30
Slide 31: Sustainable Growth Strategy
Appendices 1. Sustainable Growth Strategy A people-orientated, progressive Protect the environment and create culture driven by our values. greater social value for communities. . Environment and climate change: Health and safety: Prioritising Adopting sustainable resourcing and health, safety and w
Slide 32: Segmental analysis
Appendices 2. Segmental analysis Building Infrastructure Combined Investments Central Total Building & Infrastructure £m £m £m £m £m £m Revenue 951.0 971.6 1,9226 8.5 - 1,931.1 Adjusted operating profit/(loss) 33.1 34.3 67.4 (2.2) (15.7) 49.5 Adjusted operating margin (%) 3.5% 3.5% 3.5% - - 2.6% Net
Slide 33: Acquisition history
Appendix 3. Acquisition history October 2021 July 2022 November 2022 November 2023 February 2026 Expanded GT's presence in water MCS Systems Ham Baker AVRS Nene Valley Fire nationally through established (now part of Lintott) frameworks and talent base of c900. Mechanical process Design, insta
Slide 34: Video library
Appendices 4. Video library Modern Methods of Modern Construction Water sector Methods of Peel Hunt Panmure Liberum interview with Construction interview with CEO Bill Hocking The Rise, Cardiff CEO Bill Hocking Annual Report Our Fact (available in business Sheet October 2026) 34
Slide 35: Better contracting environment
Appendices 5. Better contracting environment The Construction Playbook is driving A more mature contracting environment and co-operative approach to problem-solving and risk by promoting early engagement, transparency, and clear risk allocation between contracting authorities and suppliers. A cu
Slide 36: Why we target frameworks
Appendices 6. Why we target frameworks 91% Improved risk and favourable outcomes Improved risk allocation: • Established and well-understood terms and conditions. Work in frameworks • Long-term client relationships. • Predictable behaviours. • Certainty in tendering and typically reduced cost of t
Slide 37: Investment case
Appendices 7. Investment case A compelling investment High-quality business operating in robust markets generating growing returns Robust market Rigorous risk opportunity management Excellent position in chosen sectors. Embedded culture of assessing and managing risk. Non-cyclical demand driven by a
Slide 38: Our sustainability commitments
Appendices 8. Our sustainability commitments Strategic Sustainability FY25 FY26 Ambition priorities pillars Health and Lost Time Frequency Rate 0.09 0.17 No harm safety Accident Frequency Rate 0.03 0.06 No harm Progressive culture Early careers as a % of total employees 10.1% 10.4% >9.0% Our people
Slide 39: Sustainability highlights - FY26
Appendices 9. Sustainability highlights - FY26 Environment: carbon | biodiversity | resources of our directly- reduction in Scope 1 and 99% Net zero by 2030 within 55% 2 carbon emissions since 2012*. of our company car fleet is electric/plug-in hybrid. 91% purchased electricity is from renewable 203
Slide 40: Disclaimer
Disclaimer This document contains statements that are, or may be deemed to be, occurrence of the events expressed or implied in any forward-looking “forward-looking statements” which are prospective in nature. These statements in this document will actually occur. You are cautioned forward-looking s
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