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Results for the year
ended 31 October 2014
1

Agenda
Domino Printing Sciences
Business review
2014 Highlights1
Financial review
2
3
4
5
Outlook
2

£m 2014 2013 Growth 2014 at
‘13 rates
Change Growth
EBITA 57.0 52.7 8% 57.2 0.2 9%
Interest 0.6 0.3 0.6 0.1
U/L PTP 57.6 53.0 9% 57.8 0.3 9%
% 16.4% 15.8% 15.9%
Amortisation (3.1) (3.3) (3.1)
Not. Interest (0.0) (0.0) (0.0)
One-
off/exceptional
2.1 (32.0) 2.1
PBT 56.5 17.7 220% 56.8 0.3 221%
Financial Review – Income statement
20

£m 2014
PBT impact
Forward contracts 0.3
Profit translation (2.2)
Other short term 1.6
Total (0.3)
£ € $ Rmb Rps Other Total
Sales split 33% 24% 18% 12% 5% 8% 100%
Revenue impact £m 3.1 3.8 2.3 2.4 2.6 14.2
Financial Review – Currency Effects
£m
Euro (0.6)
Dollar (0.1)
Renminbi (0.2)
Rupee (0.7)
Other (0.6)
21

US$ euro Rmb Rps
Closing 2014FY 1.60 1.28 9.78 98.23
2013FY 1.61 1.18 9.79 98.73
Change -1% 8% 0% 0%
Average 2014FY 1.66 1.23 10.19 101.09
2013FY 1.56 1.19 9.64 89.59
Change 6% 3% 6% 13%
Forward contracts 2015 1.65 1.24 10.1 -
2014 1.57 1.18 10.6 -
Forward contracts in place that mature during 2015 will realise losses of £1.1m compared with contract rates in 2014
Financial Review – ForEx rates
22

£m 2014 2013
Basic U/L Basic U/L
U/L PTP 57.6 57.6 53.0 53.0
Amortisation, Not. interest (3.1) (3.3)
Exceptional items 2.1 (32.0)
PBT 56.5 57.6 17.7 53.0
Tax (11.9) (11.8)
EPS
Growth
39.8
663%
40.0
13%
5.2 35.3
Dividend per share
Cover (underlying)
22.74
1.76
21.66
1.63
Financial Review – Earnings
23

£m 2014
PBT 56.5 a
Non tax adj. to provision for contingent consideration (2.1)
Taxable profit 54.4 b
Taxation – gross (13.7) c
One-off adjustment in respect of WHT on China
dividend
1.4
Other prior year adjustments 0.4
Net taxation (11.9) d
Headline rate on PBT 21.1% d/a
Effective rate on taxable profit 21.9% d/b
Underlying rate before one-off adjustments 25.1% c/b
Financial Review – Tax rate year on year
24

£m 2014 %
Tax at standard UK rate (12.3) (21.8)*
Impact of tax on overseas profits (2.5) (4.4)
Tax incentives 1.3 2.4
Deferred tax & other non-taxable (0.2) (0.3)
Gross taxation (13.7) (24.1)
Prior year adjustments 1.8 3.0
Tax charge for the year (11.9) (21.1)
Financial Review – Tax rate UK rate reconciliation
* 23% for 5 months; 21% for 7 months of financial year
25

£m 2014 2013
EBITDA 65.6 56.0
Working Capital 0.7 (0.7)
Other non-cash (0.5) (0.4)
Operating Cash Flow 65.8 54.9
CapEx (net) (12.5) (9.1)
Tax (13.4) (11.9)
Operating cash flow after tax 39.9 33.9
Financial Review – Cash flow
26

£m 2014 2013
Operating cash flow after tax 39.9 33.9
Interest (net) 0.5 0.3
Dividends (24.8) (23.5)
Cash flow after financing 15.6 10.7
Investments (inc. deferred) (0.7) (0.2)
Purchase of own shares (0.1) (0.9)
Bank loans raised / (repaid) (net) (33.3) (0.4)
Other (inc FX) (0.4) 2.6
Net movement in cash (18.9) 11.8
Closing gross cash 40.5 59.4
Closing net cash 40.1 25.5
Financial Review – Cash flow
27

The Group has had a good year and delivered results in line with our
expectations. We continue to invest in research and development and in
growing the capability and capacity of our digital printing business.
However, we remain cautious about 2015. As announced in our Interim
Statement, the investments we are making, coupled with uncertain market
conditions, mean we expect results in 2015 to be at a broadly similar level to
this year.
Our strong product range and our investments in developing our capabilities
mean we remain optimistic about the Group’s longer-term prospects.
Outlook
28

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2014 final-results-presentation

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