Building momentum and driving growth

Annual Report & Accounts 2017

As one of the largest environmental infrastructure groups in the UK, Pennon is at the top end of the FTSE 250, has assets of around £5.9 billion and a workforce of around 5,000 people.

Our businesses

Water & wastewater

We provide water and wastewater services in the most efficient and sustainable way possible.

Waste management

At the forefront of the resources sector in the UK we transform waste into energy, high quality recyclates and raw materials.

Group financial highlights

Dividend

35.96p +7.1%

EBITDA Adjusted (1)

£546m +7.4%

Assets

£5.9bn +3.5%

Statutory earnings per share

39.8p +7.6%
(1) Earnings before interest, tax, depreciation, amortisation (EBITDA) and non-underlying items, adjusted to include IFRIC 12 interest receivable and share of joint venture EBITDA better reflects all the earnings arising from our ERFs.

Group operational highlights

Total renewable energy generation

1,549GWh

Bathing water compliance (1)

98.6%

Total waste material inputs (tonnes)

7.6m

Average ERF availability

>90%

South West Water drinking water quality (2)

99.96%

Bournemouth Water drinking water quality (2)

99.98%
  • (1) ‘Sufficient quality’ or higher
  • (2) Mean zonal compliance

Chairman and CEO statements

Pennon Group performed well in the year, delivering on its strategy of market-leading performance across its businesses.

Sir John Parker Chairman

Our strategy is to lead in the UK's water and waste sectors, drive value through efficiency and invest for sustainable growth.

Chris Loughlin Chief Executive Officer

Strategic priorities

  1. Leadership in UK water and waste
  2. Leadership in cost base effiency
  3. Driving sustainable growth

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