MGAM MORGAN ADVANCED MATERIALS PLC ORD 25P

MORGAN ADVANCED Currency GBX Premium Equity Commercial Companies

Income Statement (£ m)	31-Dec-12	01-Jan-12	02-Jan-11	03-Jan-10	04-Jan-09
Continuing Operations
Revenue	1007.50	1101.00	1017.10	942.60	835.00
Operating Profit/(Loss)	100.50	133.20	93.60	60.70	95.00
Net Interest	45.40	49.50	25.70	25.10	21.40
Profit Before Tax	81.40	111.40	67.70	31.40	82.80
Profit After Tax	59.30	78.80	48.00	22.70	62.70
Discontinued Operations
Profit After Tax	21.00	0.00	0.00	0.00	0.00
PROFIT FOR THE PERIOD	80.30	78.80	48.00	22.70	62.70
Attributable to:
Minority Interests	-3.30	-5.80	-5.50	-3.70	-3.50
Equity Holders of Parent Company	77.00	73.00	42.50	19.00	59.20

Continuing EPS
Earnings per Share - Basic	20.20p	26.90p	15.80p	7.10p	22.20p
Earnings per Share - Diluted	19.90p	25.70p	15.00p	6.80p	21.60p
Earnings per Share - Adjusted	23.20p	29.90p	18.70p	13.20p	23.40p
Continuing and Discontinued EPS
Earnings per Share - Basic	27.80p	26.90p	15.80p	7.10p	22.20p
Earnings per Share - Diluted	27.30p	25.70p	15.00p	6.80p	21.60p
Earnings per Share - Adjusted	30.80p	29.90p	18.70p	13.20p	23.40p

Dividend per Share	9.25p	7.70p	7.00p	4.50p	7.00p

Balance Sheet (£ m)	31-Dec-12	01-Jan-12	02-Jan-11	03-Jan-10	04-Jan-09
Assets
Non-Current Assets
Property, Plant & Equipment	245.50	259.80	269.20	276.20	319.60
Intangible Assets	265.10	283.30	285.00	296.90	177.00
Investment Properties	0.00	0.00	0.00	0.00	0.00
Investments	1.50	1.50	1.50	1.50	42.40
Other Financial Assets	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	49.10	49.90	46.10	45.00	44.80
	561.20	594.50	601.80	619.60	583.80
Current Assets
Inventories	139.90	166.60	161.00	146.30	143.90
Trade & Other Receivables	185.40	195.30	184.70	165.80	196.30
Cash at Bank & in Hand	80.00	83.40	85.00	107.60	154.50
Current Asset Investments	1.80	1.60	0.70	0.50	0.20
Other Current Assets	0.00	0.00	0.00	1.40	0.00
	407.10	446.90	431.40	421.60	494.90

Total Assets	968.30	1041.40	1033.20	1041.20	1078.70

Liabilities
Current Liabilities
Borrowings	-7.80	-11.50	-10.80	-13.70	-34.00
Other Current Liabilities	-204.90	-275.30	-289.60	-271.40	-271.00
	-212.70	-286.80	-300.40	-285.10	-305.00

Net Current Assets	194.40	160.10	131.00	136.50	189.90

Non-Current Liabilities
Borrowings	-265.00	-287.30	-310.40	-346.60	-410.90
Provisions	-47.40	-51.50	-52.80	-53.00	-48.00
Other Non-Current Liabilities	-171.40	-145.60	-117.50	-141.90	-106.80
	-483.80	-484.40	-480.70	-541.50	-565.70

Other Liabilities	n/a	n/a	n/a	n/a	n/a
Total Liabilities	-696.50	-771.20	-781.10	-826.60	-870.70

Net Assets	271.80	270.20	252.10	214.60	208.00

Capital & Reserves
Share Capital	70.40	68.70	68.50	67.90	67.90
Share Premium Account	99.00	90.60	88.30	85.30	85.30
Other Reserves	51.60	60.40	64.60	61.40	45.30
Retained Earnings	13.00	9.70	-6.40	-30.00	-20.70
Shareholders Funds	234.00	229.40	215.00	184.60	177.80

Minority Interests/Other Equity	37.80	40.80	37.10	30.00	30.20
Total Equity	271.80	270.20	252.10	214.60	208.00

Ratios - based on IFRS	31-Dec-12	01-Jan-12	02-Jan-11	03-Jan-10	04-Jan-09
Continuing Operations
PE Ratio - Adjusted	n/a	n/a	n/a	n/a	n/a
PEG - Adjusted	n/a	n/a	n/a	n/a	n/a
Earnings per Share Growth - Adjusted	-22.41%	59.89%	41.67%	-43.59%	18.78%
Dividend Cover	2.51	3.88	2.67	2.93	3.34
Revenue Per Share	363.72p	405.23p	376.94p	351.62p	312.87p
Pre-Tax Profit per Share	29.39p	41.00p	25.09p	11.71p	31.02p
Operating Margin	12.43%	14.50%	9.08%	5.75%	11.98%
Return on Capital Employed	25.69%	34.07%	20.99%	12.93%	16.65%

Continuing & Discontinued Operations
Dividend Yield	n/a	n/a	n/a	n/a	n/a
Dividend per Share Growth	20.13%	10.00%	55.56%	-35.71%	3.70%
Net Asset Value per Share (exc. Intangibles)	-11.12p	-19.61p	-25.65p	-41.56p	0.30p
Net Gearing	82.39%	93.90%	109.86%	136.89%	163.33%

Data is provided by Morningstar

MGAM MORGAN ADVANCED MATERIALS PLC ORD 25P

MORGAN ADVANCED - Fundamentals