Keller Group Plc (KLR:LN)

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 Business Description and Key Statistics

Keller Group is engaged in geotechnical solutions. Co.'s solutions Current YTY % Chg include ground improvement, grouting, deep foundations, earth retention, marine, post-tension systems, and instrumentation and Revenue LFY (M) 2,225 7.4 monitoring. Co.'s projects are typically for a single, local site, EPS Diluted LFY -0.21 perhaps for a building, a basement or a bridge. Market Value (M) 716 Shares Outstanding LFY (000) 72,060 Book Value Per Share 6.11 EBITDA Margin % 4.20

Net Margin % -0.7 Website: www.keller.com Long-Term Debt / Capital % 44.3 ICB Industry: Industrials Dividends and Yield TTM 0.59 - 5.96% ICB Subsector: Engineering and Contracting Services Payout Ratio TTM % 0.0 Address: 5th floor;1 Sheldon Square London 60-Day Average Volume (000) 54 GBR 52-Week High & Low 1,028.00 - 506.00 Employees: 10,554 Price / 52-Week High & Low 0.97 - 1.96

Price, Moving Averages & Volume

1,054.1 1,054.1 Keller Group Plc is currently trading at 994.00 which is 4.5% above its 50 day moving 982.3 982.3 average price of 950.84 and 19.8% above its 200 day 910.5 910.5 moving average price of 829.72.

838.8 838.8 KLR:LN is currently 3.3% below its 52-week high price of 1,028.00 and is 96.4% above 767.0 767.0 its 52-week low price of 506.00. Over the past 52- 695.2 695.2 weeks, KLR:LN is up 46.2% while on a calendar year-to- date basis it is up 42.4%. 623.4 623.4 The Relative Strength Index (RSI) indicator for KLR:LN is 551.7 551.7 currently 52.41. An RSI value of 70 and above is considered 479.9 479.9 overbought and 30 and below 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 oversold. Volume (000) 1,052 1,052

789 789

526 526

263 263 Mean (85.63) 0 0 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % -2.55 -2.07 50-Day Average Price 950.84 1-Week % -3.31 -3.57 Price / 50-Day Average 1.05 4-Week % 0.30 1.72 200-Day Average Price 829.72 52-Week % 46.18 21.83 Price / 200-Day Average 1.20 RSI - Relative Strength Index 52.41 Quarter-to-Date % 23.94 22.81

Year-to-Date % 42.41 32.19 Risk Metrics Last Month % 13.28 11.36 Price Volatility 15.13 Last Quarter % -0.25 -4.92 Sharpe Ratio 0.07 Last Calendar Year % -6.93 6.06 Sortino Ratio 0.11

5-Year Price Performance vs. FTSE 350

Keller Group Plc Current: 1.13 CAGR: 2.5% Over the past five years, Keller FTSE 350 Index Current: 1.18 CAGR: 3.4% Group Plc's stock price is up 13.2% which is 5.2% below 1.3 1.3 the FTSE 350 Index performance of 18.4% over the same period. Keller Group 1.2 1.2 Plc's cumulative annualized ^NMX:LN growth rate (CAGR) over the 1.2 1.2 five year period has been KLR:LN 2.5% while that of the FTSE 350 Index has been 3.4%. 1.1 1.1 Over the past year, Keller Group Plc's stock price 1.0 1.0 performance of 46.2% has outperformed that of the FTSE 1.0 1.0 350 Index by 21.8%. On a year-to-date basis, Keller Group Plc's stock price 0.9 0.9 performance of 42.4% has outperformed the FTSE 350 0.8 0.8 Index by 32.2%. Over the past week, Keller 0.7 0.7 Group Plc's stock price performance of -3.3% has underperformed that of the 0.7 0.7 FTSE 350 Index by 3.6%.

0.6 0.6

0.5 0.5

0.5 0.5 2017 2018 2019 2020 2021 2022

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % 12.5 9.1 6.4 Gross Margin % Revenues Per Share % 12.5 7.0 5.6 EBITDA Margin % 4.2 7.0 EBITDA % -6.9 -1.7 -4.2 Pre-Tax Margin % 0.3 3.2 EPS Diluted % -100.0 -100.0 -100.0 Net Margin % -0.7 1.8 Free Cash Flow % 999.9 -9.8 -0.2 Return on Equity % -3.2 6.0 Cash from Operations % 25.0 3.5 1.7 Return on Capital % -2.0 3.7 Book Value % 9.9 3.3 3.4 Return on Assets % -1.1 2.0

Revenue (M) Keller Group Plc's cumulative annualized revenue growth Current: 2224.50 Median: 2070.60 High: 2224.50 Low: 1780.00 CAGR: 11.8% rate over the charted period is 2,313.4 2,313.4 2,224.5 11.8%. This compares to cumulatative annualized 2,128.2 2,070.6 2,128.2 growth of 12.5% over the past 3 years. 1,943.0 1,943.0 1,780.0 1,757.8 1,757.8 2016 2017 2018 2019 2020 2021 Keller Group Plc's cumulative EPS Diluted annualized EPS growth rate Current: -0.21 Median: 0.65 High: 1.20 Low: -0.35 CAGR: -0.1% over the charted period is 1.51 1.51 -0.1%. This compares to 1.20 cumulatative annualized

0.86 0.65 0.86 growth of -100.0% over the past 3 years. 0.22 0.22 -0.21 -0.43 -0.43 2016 2017 2018 2019 2020 2021

Net Profit Margin % Keller Group Plc's net profit margin of -0.7% is 3.1% below Current: -0.67 Median: 2.79 High: 4.23 Low: -0.67 CAGR: -0.3% the period's mean net margin 4.5 4.5 of 2.4%. During the charted period, the observed net profit 2.7 Mean (2.42) 2.7 margin high and low were 4.2% and -0.7% respectively. 0.9 0.9

-0.9 -0.9 2016 2017 2018 2019 2020 2021 Keller Group Plc's return on Return on Equity % equity of -3.2% is 14.8% below Current: -3.20 Median: 13.40 High: 19.90 Low: -3.20 CAGR: -1.4% the period's mean return on 21.1 21.1 equity of 11.6%. During the charted period, the observed 12.6 Mean (11.57) 12.6 ROE high and low were 19.9% and -3.2% respectively. 4.1 4.1

-4.4 -4.4 2016 2017 2018 2019 2020 2021

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 99.9 99.0 25.7 Earnings Yield % -2.96 4.81

Price / Sales 0.3 0.3 0.3 Free Cash Flow Yield % 5.53 6.66 7.33

Price / Operating Cash Flow 12.8 7.1 7.7 Dividend Yield % 5.96 4.17 3.28

Price / Book Value 1.6 1.3 1.5 Enterprise Value / EBITDA 10.6 7.1 7.4

Price / EPS TTM Keller Group Plc is trading at 99.90 times its EPS generated Current: 99.90 Median: 99.90 High: 99.90 Low: 7.18 CAGR: 41.7% during the latest fiscal year. Median (99.90) 104.5 104.5 This multiple is equal to the historically observed median 70.5 70.5 of 99.90, while high and low observations have been 99.90 and 7.18. 36.5 36.5

2.5 2.5 2016 2017 2018 2019 2020 2021 Price / Sales Keller Group Plc is trading at a Price to Sales ratio of 0.32 Current: 0.32 Median: 0.27 High: 0.38 Low: 0.14 CAGR: -3.4% based on sales generated 0.39 0.39 during the latest fiscal year. This ratio is above the 0.30 0.30 historically observed median Median (0.27) ratio of 0.27, while high and low observations have been 0.22 0.22 0.38 and 0.14.

0.13 0.13 2016 2017 2018 2019 2020 2021 Keller Group Plc is trading at a Price / Book Value Price to Book ratio of 1.63 Current: 1.63 Median: 1.34 High: 1.91 Low: 0.73 CAGR: -3.1% based on book value at the 2.0 2.0 latest fiscal year end. This ratio is above the historically observed median of 1.34, 1.5 1.5 Median (1.34) while high and low observations have been 1.91 1.1 1.1 and 0.73.

0.7 0.7 2016 2017 2018 2019 2020 2021 Keller Group Plc has a Free Free Cash Flow Yield % Cash Flow Yield of 5.53% Current: 5.53 Median: 6.66 High: 12.33 Low: 1.14 CAGR: 37.3% based on free cash flow 12.9 12.9 generated during the latest fiscal year. This value is below the historically observed 8.8 8.8 median yield of 6.66%, while Median (6.66) high and low observations 4.7 4.7 have been 12.33 and 1.14.

0.6 0.6 2016 2017 2018 2019 2020 2021

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 Dividends Data

Dividends Per Share TTM 0.59 Payout Ratio TTM % 0.00% Dividend Yield TTM % 5.96%

Rate Ex Date Record Date Payment Date Currency Note 0.233 03-06-2021 04-06-2021 25-06-2021 GBP FINAL GROSS 0.126 26-11-2020 27-11-2020 18-12-2020 GBP INTERIM GROSS 0.233 30-07-2020 31-07-2020 21-08-2020 GBP FINAL GROSS- REVISED TIMETABLE AND RATE 0.126 22-08-2019 23-08-2019 16-09-2019 GBP INTERIM GROSS 0.239 30-05-2019 31-05-2019 21-06-2019 GBP FINAL GROSS 0.120 09-08-2018 10-08-2018 03-09-2018 GBP INTERIM GROSS 0.245 31-05-2018 01-06-2018 22-06-2018 GBP FINAL GROSS 0.097 10-08-2017 11-08-2017 05-09-2017 GBP INTERIM GROSS 0.193 18-05-2017 19-05-2017 09-06-2017 GBP FINAL GROSS 0.093 01-09-2016 02-09-2016 30-09-2016 GBP INTERIM GROSS 0.183 19-05-2016 20-05-2016 10-06-2016 GBP FINAL GROSS

Dividend Growth and Yield

Dividends Per Share TTM Keller Group Plc's trailing 12- month dividend per share is Current: 0.59 Median: 0.35 High: 0.59 Low: 0.13 CAGR: 17.0% 0.59 and its dividend has 0.61 0.61 grown at a cumulative annualized rate of 17.0% over 0.53 0.53 the charted period. This compares to dividend growth 0.44 0.44 of 369.80% over the past year and cumulative annualized growth of 20.10% over the 0.36 0.36 past 3 years.

0.28 0.28

0.19 0.19

0.11 0.11 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Keller Group Plc's current dividend yield is 5.96% based Current: 5.96 Median: 4.17 High: 8.19 Low: 1.84 CAGR: 14.1% on trailing 12 month 8.51 8.51 dividends. The current yield is above the historically observed 7.34 7.34 median of 4.17% and, over the charted time period, the 6.18 6.18 observed high yield has been 8.19% and the observed low yield has been 1.84%. 5.02 5.02

3.85 3.85

2.69 2.69

1.52 1.52 2016 2017 2018 2019 2020 2021

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % 0.0 21.7 43.3 65.0 86.6 -63.6 -46.3 -28.9 -11.6 5.7

Maire Tecnimont SpA 83.0 Renew Holdings PLC 2.6

Renew Holdings PLC 43.8 Larsen & Toubro Ltd -5.2

Keller Group Plc 42.4 Keller Group Plc -6.9

Larsen & Toubro Ltd 37.2 Severfield PLC -16.9

Peer Group Average 34.9 Aukett Swanke Group Plc -17.9

Aukett Swanke Group Plc 25.0 Peer Group Average -18.1

Ricardo Plc 19.4 Van Elle Holdings PLC -19.4

Van Elle Holdings PLC 16.9 Maire Tecnimont SpA -26.2

Severfield PLC 11.8 Ricardo Plc -54.7

0.0 21.7 43.3 65.0 86.6 -63.6 -46.3 -28.9 -11.6 5.7

Price / EPS TTM Price / Book Value 0.0 26.1 52.2 78.3 104.4 0.0 1.4 2.7 4.1 5.5

Keller Group Plc 99.9 Renew Holdings PLC 5.3

Implenia AG, Dietlikon 99.9 Larsen & Toubro Ltd 3.7

Ricardo Plc 99.9 Maire Tecnimont SpA 2.7

Van Elle Holdings PLC 99.9 Peer Group Average 2.2

Peer Group Average 55.4 Keller Group Plc 1.6

Renew Holdings PLC 30.3 Ricardo Plc 1.5

Larsen & Toubro Ltd 26.0 Implenia AG, Dietlikon 1.4

Maire Tecnimont SpA 21.1 Severfield PLC 1.3

Severfield PLC 11.8 Van Elle Holdings PLC 1.1

Aukett Swanke Group Plc 9.5 Aukett Swanke Group Plc 0.8

0.0 26.1 52.2 78.3 104.4 0.0 1.4 2.7 4.1 5.5

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -141.2 -60.8 19.7 100.1 180.5 -4.1 -0.4 3.4 7.1 10.9

Severfield PLC 165.9 Severfield PLC 10.2

Renew Holdings PLC 23.0 Maire Tecnimont SpA 9.5 9.1 Larsen & Toubro Ltd 8.9 Keller Group Plc Spie SA 7.8 Maire Tecnimont SpA 5.9 Larsen & Toubro Ltd 7.3 Aukett Swanke Group Plc -20.2 Ricardo Plc 6.5 Peer Group Average -24.1 Peer Group Average 5.8 Keller Group Plc -100.0 Implenia AG, Dietlikon 3.8 -100.0 Implenia AG, Dietlikon Renew Holdings PLC 3.6 Ricardo Plc -100.0 Van Elle Holdings PLC 2.8 Van Elle Holdings PLC -100.0 Aukett Swanke Group Plc -2.2

-141.2 -60.8 19.7 100.1 180.5 -4.1 -0.4 3.4 7.1 10.9

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Industrials/Engineering and Contracting Services Price: 994.00 GBX Report Date: September 24, 2021

Disclaimer:

© 2021 London Stock Exchange Group plc and its applicable group undertakings (the “LSE Group”). The LSE Group includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company (“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) MTSNext Limited (“MTSNext”), (5) Mergent, Inc. (“Mergent”), (6) FTSE Fixed Income LLC (“FTSE FI”) and (7) The Yield Book Inc (“YB”). All rights reserved.

FTSE Russell® is a trading name of FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB. “FTSE®”, “Russell®”, “FTSE Russell®”, “MTS®”, “FTSE4Good®”, “ICB®”, “Mergent®”, “The Yield Book®” and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service marks owned or licensed by the applicable member of the LSE Group or their respective licensors and are owned, or used under licence, by FTSE, Russell, MTSNext, FTSE Canada, Mergent, FTSE FI, YB. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator.

All information is provided for information purposes only. All information and data contained in this publication is obtained by the LSE Group, from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, however, such information and data is provided "as is" without warranty of any kind. No member of the LSE Group nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the accuracy, timeliness, completeness, merchantability of any information or of results to be obtained from the use of FTSE Russell indexes or data or the fitness or suitability of the FTSE Russell indexes or data for any particular purpose to which they might be put. Any representation of historical data accessible through FTSE Russell indexes or data is provided for information purposes only and is not a reliable indicator of future performance.

No responsibility or liability can be accepted by any member of the LSE Group nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole or in part caused by, resulting from, or relating to any error (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analysing, editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special, consequential or incidental damages whatsoever, even if any member of the LSE Group is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, such information.

No member of the LSE Group nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing contained in this document or accessible through FTSE Russell indexes or data, including statistical data and industry reports, should be taken as constituting financial or investment advice or a financial promotion.

No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the applicable member of the LSE Group. Use and distribution of the LSE Group data requires a licence from FTSE, Russell, FTSE Canada, MTSNext, Mergent, FTSE FI, YB, and/or their respective licensors.