EMBARGOED UNTIL 4 MARCH 2021 John Laing Group Plc Results For
EMBARGOED UNTIL 4 MARCH 2021 John Laing Group plc Results for the year ended 31 December 2020 NAV per share at 31 December 2020, before dividends paid in the year, of 320 pence, representing a 5% reduction from 31 December 2019. After challenging H1 2020, improved H2 2020 performance in-line with guidance provided at H1 results, with 5% underlying NAV growth1 in the second half driven by strong value creation in PPP & Projects and stable underlying Renewable Energy performance. With our strong balance sheet and differentiated and international greenfield platform, we are well positioned to invest in a growing and attractive infrastructure market. Governments in all of our core markets are looking to infrastructure investment to support growth and future-proof their economies, creating opportunities for John Laing in new and existing sectors. John Laing Group plc (“John Laing” or “the Group”) is today announcing its audited results for the year ended 31 December 2020. Year ended or as at Six months ended or Year ended or as at £ million (unless otherwise stated) 31 December 2020 as at 30 June 2020 31 December 2019 Net assets (“net asset value” or “NAV”) 1,529 1,525 1,658 Portfolio value 1,542 1,603 1,768 NAV per share before dividends paid1 320p 317p 347p NAV per share2 310p 309p 337p (Loss)/profit before tax (65) (95) 100 Dividend per share 9.70p 1.88p 9.50p 1 NAV per share before dividends paid at 31 December 2020 is calculated based on NAV before the 2019 final dividend of £38 million and the 2020 interim dividend of £9million, paid in May and October 2020 respectively, and equivalent to 9.5 pence per share 2 NAV per share at 31 December 2020 calculated as NAV of £1,529 million divided by the number of shares in issue at 31 December 2020 of 493.1 million, excluding shares held in the Employee Benefit Trust (“EBT”) Full year highlights: • Return to NAV growth and significant improvement in second half performance: underlying1 H2 NAV growth of 5%.
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