Market outperformance
Pub Company3 like-for-like (LFL) sales +1.5%; ahead of the market +1.3%4
Pub Partners LFL net income +2.7%
Brewing & Brands own-brewed volume (OBV) +2.9%; ale market share up 40 basis points to 10.5%
Financial strength
Operating cash flow +24.1%; net debt/EBITDA improved to 3.9x5
Group return on capital employed (ROCE) +10 basis points to 9.4%
Dividend per share up 7.7%, continuing our progressive dividend track record
Strategic & operational progress
Five strategic priorities outlined to drive future underlying growth
Record customer satisfaction scores in Greene King Pub Company; net promoter score (NPS) +7.9%pts
Greene King named Best Managed Pub Operator at the 2016 Publican Awards
Acquired Spirit Pub Company; integration & synergies ahead of plan
£16.7m of cost synergies delivered versus year one target of £12m
Tenanted and leased integrated ahead of schedule; integration of the managed business well under way
Five retail growth brands identified & optimisation programme commenced to deliver long-term growth
Strong start to the current year; Pub Company LFL sales +2.8%
