Galliford Try Holdings PLC (GFRD:LN)

Industrials/Construction Price: 182.00 GBX Report Date: September 30, 2021 Business Description and Key Statistics

Galliford Try is a construction group. Co.'s operating segments are: Current YTY % Chg Building, which operates through nine regional business units, serving a range of public and private sector clients across the Revenue LFY (M) 1,122 -58.6 United Kingdom with a focus on the education, defense and health EPS Diluted LFY 2.89 268.9 sectors; Infrastructure, which carries out civil engineering projects across the United Kingdom, focused on Highways and Market Value (M) 202 Environment (incorporating its activities in water, wastewater and flood alleviation); and PPP Investments, which delivers building and Shares Outstanding LFY (000) 111,054 infrastructure projects through public-private partnerships and co- Book Value Per Share 1.09 development opportunities. EBITDA Margin % -2.30

Net Margin % 28.6 Website: www.gallifordtry.co.uk Long-Term Debt / Capital % 0.0 ICB Industry: Industrials Dividends and Yield TTM 0.01 - 0.66% ICB Subsector: Construction Payout Ratio TTM % 0.4 Address: Cowley Business Park;Cowley;Uxbridge Middlesex 60-Day Average Volume (000) 422 GBR 52-Week High & Low 182.60 - 70.00 Employees: 2,944 Price / 52-Week High & Low 1.00 - 2.60

Price, Moving Averages & Volume

188.2 188.2 Galliford Try Holdings PLC is currently trading at 182.00 which is 8.5% above its 50 day 172.7 172.7 moving average price of 167.75 and 30.6% above its 157.3 157.3 200 day moving average price of 139.35.

141.8 141.8 GFRD:LN is currently 0.3% below its 52-week high price of 182.60 and is 160.0% above 126.3 126.3 its 52-week low price of 70.00. Over the past 52-weeks, 110.8 110.8 GFRD:LN is up 136.3% while on a calendar year-to-date basis it is up 47.3%. 95.3 95.3 The Relative Strength Index (RSI) indicator for GFRD:LN is 79.9 79.9 currently 65.15. An RSI value of 70 and above is considered 64.4 64.4 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) 6,265 6,265

4,699 4,699

3,133 3,133

1,566 1,566 Mean (447.92) 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/Construction Price: 182.00 GBX Report Date: September 30, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % -0.33 0.01 50-Day Average Price 167.75 1-Week % 2.82 3.35 Price / 50-Day Average 1.08 4-Week % 6.12 7.78 200-Day Average Price 139.35 52-Week % 136.30 113.41 Price / 200-Day Average 1.31 RSI - Relative Strength Index 65.15 Quarter-to-Date % 29.35 28.26

Year-to-Date % 47.34 37.17 Risk Metrics Last Month % 7.00 8.20 Price Volatility 5.00 Last Quarter % 29.35 28.26 Sharpe Ratio Last Calendar Year % -17.22 -4.23 Sortino Ratio

5-Year Price Performance vs. FTSE 350

Galliford Try Holdings PLC Current: 1.10 CAGR: 5.5% Over the past five years, FTSE 350 Index Current: 1.21 CAGR: 3.9% Galliford Try Holdings PLC's stock price is up 9.7% which is 1.3 1.3 11.2% below the FTSE 350 Index performance of 21.0% over the same period. 1.2 1.2 Galliford Try Holdings PLC's ^NMX:LN cumulative annualized growth 1.2 1.2 rate (CAGR) over the five year period has been 5.5% while that of the FTSE 350 Index 1.1 GFRD:LN 1.1 has been 3.9%.

Over the past year, Galliford 1.0 1.0 Try Holdings PLC's stock price performance of 136.3% has 0.9 0.9 outperformed that of the FTSE 350 Index by 113.4%. On a year-to-date basis, Galliford 0.9 0.9 Try Holdings PLC's stock price performance of 47.3% has 0.8 0.8 outperformed the FTSE 350 Index by 37.2%.

0.7 0.7 Over the past week, Galliford Try Holdings PLC's stock price performance of 2.8% has 0.6 0.6 outperformed that of the FTSE 350 Index by 3.3%. 0.5 0.5

0.5 0.5

0.4 0.4 2017 2018 2019 2020 2021 2022

Industrials/Construction Price: 182.00 GBX Report Date: September 30, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % -25.0 -13.7 -0.9 Gross Margin % 2.6 8.2 10.2 Revenues Per Share % -29.5 -16.8 -7.7 EBITDA Margin % -2.3 2.9 4.2 EBITDA % -100.0 -100.0 -100.0 Pre-Tax Margin % -3.1 2.3 3.6 EPS Diluted % 76.3 23.7 36.1 Net Margin % 28.6 6.3 4.9 Free Cash Flow % -100.0 -100.0 -11.1 Return on Equity % 54.1 18.8 16.1 Cash from Operations % -99.9 -99.9 -19.3 Return on Capital % 54.0 15.7 13.3 Book Value % -44.2 -29.5 -13.5 Return on Assets % 14.4 4.8 4.8

Revenue (M) Galliford Try Holdings PLC's cumulative annualized revenue Current: 1121.60 Median: 2686.40 High: 2931.60 Low: 1121.60 CAGR: -25.0% growth rate over the charted 3,293.6 3,293.6 2,931.6 period is -25.0%. This 2,662.1 2,710.7 compares to cumulatative 2,539.4 2,539.4 annualized growth of -25.0% over the past 3 years. 1,785.3 1,785.3 1,121.6 1,031.1 1,031.1 2017 2018 2019 2020 2021 Galliford Try Holdings PLC's EPS Diluted cumulative annualized EPS Current: 2.89 Median: 1.00 High: 2.89 Low: 0.53 CAGR: 75.9% growth rate over the charted 3.36 3.36 period is 75.9%. This 2.89 compares to cumulatative 2.38 2.38 annualized growth of 76.3% over the past 3 years. 1.40 1.21 1.40 0.78 0.53 0.41 0.41 2016 2017 2018 2019 2020 2021

Net Profit Margin % Galliford Try Holdings PLC's net profit margin of 28.6% is Current: 28.57 Median: 3.33 High: 28.57 Low: 1.83 CAGR: 89.4% 22.3% above the period's 29.9 29.9 mean net margin of 6.3%. During the charted period, the 20.1 20.1 observed net profit margin high and low were 28.6% and 10.3 10.3 1.8% respectively. Mean (6.31)

0.5 0.5 2016 2017 2018 2019 2020 2021 Galliford Try Holdings PLC's Return on Equity % return on equity of 54.1% is Current: 54.10 Median: 14.60 High: 54.10 Low: 8.20 CAGR: 49.3% 35.3% above the period's 56.4 56.4 mean return on equity of 18.8%. During the charted 39.6 39.6 period, the observed ROE high and low were 54.1% and 8.2% respectively. 22.7 Mean (18.81) 22.7

5.9 5.9 2016 2017 2018 2019 2020 2021

Industrials/Construction Price: 182.00 GBX Report Date: September 30, 2021 Valuation Metrics

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

Price / EPS TTM 0.6 Earnings Yield % 100.00

Price / Sales 0.2 Free Cash Flow Yield % 0.00

Price / Operating Cash Flow 0.6 Dividend Yield % 0.66

Price / Book Value 1.7 Enterprise Value / EBITDA 50.0

Price / EPS TTM Galliford Try Holdings PLC is trading at 0.63 times its EPS Current: 0.63 Median: 0.46 High: 1.04 Low: 0.25 CAGR: -18.5% generated during the latest 1.1 1.1 fiscal year. This multiple is above the historically observed 0.8 0.8 median of 0.46, while high and low observations have been 1.04 and 0.25. 0.5 Median (0.46) 0.5

0.2 0.2 2016 2017 2018 2019 2020 2021 Price / Sales Galliford Try Holdings PLC is trading at a Price to Sales ratio Current: 0.18 Median: 0.11 High: 0.18 Low: 0.06 CAGR: 48.9% of 0.18 based on sales 0.19 0.19 generated during the latest fiscal year. This ratio is above 0.14 0.14 the historically observed median ratio of 0.11, while Median (0.11) high and low observations 0.10 0.10 have been 0.18 and 0.06.

0.05 0.05 2016 2017 2018 2019 2020 2021 Galliford Try Holdings PLC is Price / Book Value trading at a Price to Book ratio Current: 1.68 Median: 0.98 High: 1.68 Low: 0.17 CAGR: 205.5% of 1.68 based on book value at 1.8 1.8 the latest fiscal year end. This ratio is above the historically observed median of 0.98, 1.2 1.2 Median (0.98) while high and low observations have been 1.68 0.6 0.6 and 0.17.

0.1 0.1 2016 2017 2018 2019 2020 2021 Galliford Try Holdings PLC has Free Cash Flow Yield % a Free Cash Flow Yield of Current: 0.00 Median: 0.00 High: 0.00 Low: 0.00 CAGR: 0.0% 0.00% based on free cash flow 10.0 10.0 generated during the latest fiscal year. This value is equal to the historically observed 3.3 3.3 Free Cash Flow Yield of Median (0.00) 0.00%, while high and low -3.3 -3.3 observations have been 0.00 and 0.00.

-10.0 -10.0 2016 2017 2018 2019 2020 2021

Industrials/Construction Price: 182.00 GBX Report Date: September 30, 2021 Dividends Data

Dividends Per Share TTM 0.01 Payout Ratio TTM % 0.35% Dividend Yield TTM % 0.66%

Rate Ex Date Record Date Payment Date Currency Note 0.012 11-03-2021 12-03-2021 09-04-2021 GBP INTERIM GROSS 0.010 19-03-2020 20-03-2020 17-04-2020 GBP THE BOARD CONSIDERS IT PRUDENT TO CANCEL PAYMENT OF THE INTERIM DIVIDEND

Dividend Growth and Yield

Dividends Per Share TTM Galliford Try Holdings PLC's trailing 12-month dividend per Current: 0.01 Median: 0.01 High: 0.01 Low: 0.01 CAGR: 0.0% share is 0.01 and its dividend 10.01 10.01 has grown at a cumulative annualized rate of 0.0% over 6.68 6.68 the charted period. This compares to dividend growth 3.34 3.34 of 20.00% over the past year and cumulative annualized growth of % over the past 3 0.01 0.01 years.

-3.32 -3.32

-6.66 -6.66

-9.99 -9.99 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Galliford Try Holdings PLC's current dividend yield is 0.66% Current: 0.66 Median: 0.91 High: 1.40 Low: 0.66 CAGR: -20.6% based on trailing 12 month 1.44 1.44 dividends. The current yield is below the historically observed 1.30 1.30 median of 0.91% and, over the charted time period, the 1.17 1.17 observed high yield has been 1.40% and the observed low yield has been 0.66%. 1.03 1.03

0.89 0.89

0.76 0.76

0.62 0.62 2016 2017 2018 2019 2020 2021

Industrials/Construction Price: 182.00 GBX Report Date: September 30, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % 0.0 17.9 35.8 53.8 71.7 -48.0 -34.6 -21.1 -7.6 5.8

TClarke plc 68.3 Balfour Beatty Plc 3.4 Morgan Sindall Group Plc 55.7 Royal Boskalis Westminster NV -1.4 Kier Group PLC 54.4 Morgan Sindall Group Plc -5.4 Galliford Try Holdings PLC 47.3 Smart J & Co. (Contractors) PLC -9.0 Nexus Infrastructure PLC 46.8 Peer Group Average -15.3 Peer Group Average 32.6 PORR AG -16.5 PORR AG 19.3 Galliford Try Holdings PLC -17.2 Royal Boskalis Westminster NV 17.2 Nexus Infrastructure PLC -17.9 Smart J & Co. (Contractors) PLC 15.3 Kier Group PLC -18.8 Obrascon Huarte Lain SA 1.7 TClarke plc -28.8 Balfour Beatty Plc 0.3 Obrascon Huarte Lain SA -41.1

0.0 17.9 35.8 53.8 71.7 -48.0 -34.6 -21.1 -7.6 5.8

Price / EPS TTM Price / Book Value 0.0 26.2 52.4 78.6 104.9 0.0 1.0 2.0 3.0 4.0

Kier Group PLC 99.9 Nexus Infrastructure PLC 3.8 Nexus Infrastructure PLC 99.9 TClarke plc 3.1 PORR AG 99.9 Morgan Sindall Group Plc 2.7 Galliford Try Holdings PLC 1.7 Royal Boskalis Westminster NV 99.9 Peer Group Average 1.6 Obrascon Huarte Lain SA 99.9 Royal Boskalis Westminster NV 1.5 Balfour Beatty Plc 61.6 Balfour Beatty Plc 1.4 Peer Group Average 60.2 Kier Group PLC 0.8 Morgan Sindall Group Plc 15.6 PORR AG 0.7 Smart J & Co. (Contractors) PLC 15.4 Intracom SA Technical & Steel… 0.6 TClarke plc 9.4 Smart J & Co. (Contractors) PLC 0.6 Galliford Try Holdings PLC 0.6 Obrascon Huarte Lain SA 0.4 0.0 26.2 52.4 78.6 104.9 0.0 1.0 2.0 3.0 4.0

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -270.5 62.2 395.0 727.7 1,060.4 -18.4 -9.2 0.0 9.2 18.4

Balfour Beatty Plc 999.9 Intracom SA Technical & Steel… 16.7 TClarke plc 999.9 PORR AG 8.0 Peer Group Average 155.9 TClarke plc 8.0 Morgan Sindall Group Plc 6.7 Morgan Sindall Group Plc 29.8 Balfour Beatty Plc 1.0 Galliford Try Holdings PLC 23.7 Kier Group PLC 0.9 Smart J & Co. (Contractors) PLC 5.3 Peer Group Average 0.5 Royal Boskalis Westminster NV -100.0 Nexus Infrastructure PLC -0.8 Obrascon Huarte Lain SA -100.0 Smart J & Co. (Contractors) PLC -4.2 Nexus Infrastructure PLC -100.0 Royal Boskalis Westminster NV -5.1 PORR AG -100.0 Obrascon Huarte Lain SA -11.5 Kier Group PLC -100.0 Galliford Try Holdings PLC -13.7 -270.5 62.2 395.0 727.7 1,060.4 -18.4 -9.2 0.0 9.2 18.4

Industrials/Construction Price: 182.00 GBX Report Date: September 30, 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/Construction Price: 182.00 GBX Report Date: September 30, 2021

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