Growth

Organic revenue growth is a measure of the underlying growth of the business. It excludes the impact of foreign currency and fuel price fluctuations and any contribution from acquisitions and disposals.

Organic revenue growth

 

2015

2%

2014

3%

2013

2%

2012

-1%

2011

5%

 

Performance optimization

Adjusted earnings per share measures the profit attributable to shareholders after interest and tax. It excludes the impact of exceptional items.

Adjusted earnings per share

 

2015

20.1c*

2014

30.7c

2013

30.5c

2012

27.9c

2011

27.1c

*Impacted by the October 2015 rights issue to finance the acquisition of Landmark Aviation

 

Cash Generation

Cash Conversion measures how effectively we convert operating profit into cash. Focusing on this measure encourages strong discipline in the management of working capital and decisions on capital deployment, enabling us to continue to invest in growth opportunities.

Cash conversion

 

2015

92%

2014

65%

2013

101%

2012

92%

2011

102%

 

Value Creative Investment

Measuring Return on Invested Capital (ROIC) ensures we are focused on the efficient use of assets and capital, with the target of operating returns generated across the cycle exceeding the cost of holding the assets. ROIC is defined as underlying operating profit expressed as a percentage of average invested capital at constant currency, including goodwill and intangible assets amortised or written off to reserves.

ROIC

 

2015

9.1%

2014

9.4%

2013

10.0%

2012

9.8%

2011

10.3%