Page 49 - Sigmaroc Annual-Report 2023
P. 49
...with a consistent track record of improving acquired businesses
49
FY23 EBIT ROI for acquisitions (EBIT / acquisition EV)
Acquisitions made in FY23
Average at 14%
5% 5%
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14%
14%
16%
18%
19%
20%
21%
21%
22%
28%
29%
9%
10%
11%
12%
13%
ACQUISITIONS PERFORMING WELL
Good track record of acquisitions since IPO
• £680m invested in 18 acquisitions
• £400m new equity
• Strong track record of improving acquired businesses with 29% average uplift in EBITDA post-acquisition Generating strong returns
FY23 average EBIT ROI of 14% expected for acquired businesses (inc. recent acquisitions) Focussed acquisition approach
Companies targeted by:
• Product, reserves, geography, market, customers
• Typical acquisition multiple <7x
• Targeting EBIT ROI>15%
