Financial highlights for the year ended 31 July 20191

Adjusted operating profit

£270.5m

2018: £278.6m

Adjusted basic earnings per share

136.7p

2018: 140.2p

Return on opening equity

15.7%

2018: 17.0%

Ordinary dividend per share

66.0p

2018: 63.0p

Loan book

£7.6bn

2018: £7.3bn

Total client assets

£13.3bn

2018: £12.2bn

1 Financial Highlights presented on the basis of continuing operations, which exclude the unsecured retail point of sale finance business classified as a discontinued operation for the 2018 and 2019 financial years.

Group financial overview

Close Brothers operates through three divisions: Banking, Securities and Asset Management. Below is a summary of the group’s financial performance over the last three years including an overview of our divisions.

20191

20181

20171

Adjusted operating profit (£m)1

270.5

278.6

268.7

Operating profit before tax (£m)

264.7

271.2

262.5

Basic EPS (p)

133.5

136.2

130.2

Adjusted basic EPS (p)

136.7

140.2

133.6

DPS (p)

66.0

63.0

60.0

Total equity (£bn)

1.4

1.3

1.2

Total assets (£bn)

10.6

10.3

9.3

Common equity tier 1 capital ratio

13.0%

12.7%

12.6%

Return on opening equity

15.7%

17.0%

18.1%

1 Financial overview presented on the basis of continuing operations, which excludes the unsecured retail point of sale finance business classified as a discontinued operation.

Close Brothers has a financial year end of 31 July.

Banking

Close Brothers’ Banking division provides lending to small businesses and individuals, with an emphasis on specialist finance. We also offer deposit taking services to UK businesses and individuals.

The division has three lending segments: Commercial, Retail and Property. Treasury manages our overall funding and liquidity requirements.

Financial overview

20191

20181

20171

Operating income (£m)

602.6

581.0

551.1

Adjusted operating profit (£m)

253.7

251.8

247.4

Closing loan book (£m)

7,649.6

7,297.5

6,884.7

1 Financial overview presented on the basis of continuing operations, which excludes the unsecured retail point of sale finance business classified as a discontinued operation.

Latest presentation

Date

Title

Presentation

Webcast

Script

22 November 2017

Investor Presentation: Banking Division

Download

Listen

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Asset Management

Close Brothers Asset Management provides a range of financial advice, investment management and online investing services, helping clients to secure their financial future.

Financial overview

2019

2018

2017

Operating income (£m)

120.4

115.5

102.9

Adjusted operating profit (£m)

21.8

23.1

17.4

Toal client assets (£m)

13,324

12,219

11,157

Securities

In Securities, we provide trading services in the UK through Winterflood, a leading market-maker.

Financial overview

2019

2018

2017

Operating income (£m)

93.4

109.1

106.7

Operating profit (£m)

20.0

28.1

28.1