Financial Highlights for the six months to 30 June 2015

Income statement metrics

6 months to 30 June 2015

6 months to
30 June 2014

Change
per cent

Adjusted profit before tax1 (£m)

69.2

66.7

+3.7

IFRS profit before tax (£m)

330.0

226.5

+45.7

Adjusted earnings per share2 (pence)

9.2

8.9

+3.4

IFRS basic and diluted earnings per share (pence)

44.4

29.4

+51.0

Interim dividend per share (pence)

5.0

4.9

+2.0

 

Balance sheet metrics

30 June
2015

31 December 2014

Change
per cent

Portfolio valuation (SEGRO share, £m)

5,165

4,801

+5.85

EPRA34 net asset value per share (pence)

416

384

+8.3

IFRS net asset value per share (pence)

424

390

+8.7

Group net borrowings (£m)

1,777

1,679

+5.8

Loan to value ratio (including joint ventures at share) 6 (per cent)

39

40

1 A reconciliation between Adjusted profit before tax and IFRS profit before tax is shown in note 2 to the condensed financial information.
2 A reconciliation between Adjusted earnings per share and IFRS earnings per share is shown in note 11(i) to the condensed financial information.
3 A reconciliation between EPRA net asset value per share and IFRS net asset value per share is shown in note 11(ii) to the condensed financial information.
4 Calculations for EPRA performance measures are shown in the supplementary notes to the condensed financial information.
5 Percentage valuation movement during the period based on the difference between opening and closing valuations for completed properties, adjusting for capital expenditure, acquisitions and disposals.
6 LTV ratio stated net of £110 million deferred consideration receivable in relation to the creation of the SEGRO European Logistics Partnership joint venture.

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Harry Stokes

Harry Stokes

Head of Investor Relations and Research

+44 207 451 9124

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