MITIE — Shareholder Meeting (July 2019)

4 slides from MITIE's shareholder meeting presentation, Jul 30, 2019

Slide 1: Annual General Meeting: Chief Executive Update
ANNUAL GENERAL MEETING Chief Executive Update Phil Bentley 30 July 2019
Slide 2: Our financial position is improving
Our financial position is improving • FY 18/19 results1 show continued growth momentum • Organic revenue growth (inc. VSG) of 9.4% to £2.2bn • Operating profit2 growth of 6.0% to £88.2m • Order book stable and pipeline is growing • Balance sheet strengthened as at 31/03/19 • Net debt reduced to £141
Slide 3: After 2 years, Phase I of our strategy has delivered
After 2 years, Phase I of our strategy has delivered CUSTOMER PEOPLE • 2 years of revenue growth • Employee engagement up 12 ppts • Top 50 strategic accounts growing to 45% well • 2 top employer awards • NPS +12 (up 39 points in 2 years) FINANCIAL STABILITY TECHNOLOGY • Project Helix – £45m savings
Slide 4: In Phase II, we are focusing on our larger businesses and our strategic accounts
In Phase II, we are focusing on our larger businesses and our strategic accounts, underpinned by further cost savings Trusted partner for strategic Cost Savings: Project Forte accounts • Digital transformation of Engineering • Embedding Connected Workspace technology Services • Enhanced strategic ac