annual report 2012

Operating an international network of facilities, Bodycote is the world’s leading provider of thermal processing services.

Experienced in supporting large multi-national customers and their supply chains, as well as local niche specialists, Bodycote provides a vital link in the manufacturing process for virtually every market sector including aerospace and defence, automotive, power generation, oil & gas, construction, medical and transportation.

Financial highlights

	2012
Revenue	£587.8m
Headline operating profit	£97.9m
Operating cash flow	£103.0m
Basic earnings per share	35.8p
Dividend per share	12.3p
Return on capital employed	19.5%

Chairman's statement

I believe that the Group will continue to deliver positive returns in the years ahead. Underpinned by our continued focus upon excellent customer service, strong cash management and the quality of our global workforce, I look forward to the future with confidence.

Chief Executive's review

2012 has been another year of good progress. Improving business mix and the part-year benefit of acquisitions have enabled further improvements in performance and enhanced the Group's geographic balance.

Strategy and objectives

Bodycote's objective is to create superior shareholder returns through the provision of selected thermal processing services that are highly valued by our customers, giving full regard to a safe working environment for our employees and minimal environmental impact.