2016 Full Year Results announced
03 MAR 2017
RAC BOND CO PLC
(a public limited company incorporated in England and Wales with registered no. 10084638)
(the "Issuer")
NOTE: THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE LEGAL AND BENEFICIAL OWNERS OF THE SUBJECT NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER.
NOTICE
to the holders of
£300,000,000 Fixed Rate Class A Senior Secured Notes due 2046
(ISIN XS1404980846)
and
£600,000,000 Fixed Rate Class A Senior Secured Notes due 2046
(ISIN XS1404981141)
(together, the "Notes")
This Notice is issued by the Issuer to the holders of the Notes.
2016 Full Year Results Announcement
RAC Bond Co PLC has today reported the consolidated results of RAC Bidco Limited for the year ended 31 December 2016. The results can be found on the ISE website or via http://www.raccorporate.co.uk/forinvestors/results-reports-and-presentations
RAC Bidco Limited Consolidated Results Highlights:
Revenue growth to £506m
EBITDA growth to £184m
Operating Profit growth to £68m
Operating Cash Flow growth to £162m
Improved Operating cash conversion of 88%
Commenting on the full year financial results for 2016, Rob Templeman, Chairman said:
“These results reflect robust performance in 2016 with Revenue and Earnings growth underpinned by continued strong cash generation. Significant investment has been made in developing RAC’s products and services and in positioning the business for further growth and success in 2017 and beyond.
“I am delighted to welcome Mercedes-Benz Cars UK, for whom we will supply roadside services from 31 March 2017 following a competitive tender.
“I would like to take this opportunity to thank Chris Woodhouse for his contribution as CEO over the past five years during a period of significant growth for the Group. I would also like to welcome Dave Hobday, who having now joined as CEO, will lead the Group to continued success in 2017 and beyond.”
3 March 2017
Investor Conference Call
An investor conference call will be held on 23 March 2017 at 11.45am (GMT), at which the Group will present its financial results. A summary presentation will be released along with the results and will be used as the basis of the investor conference call. Investors wishing to participate in the investor conference call need to pre-register at:
http://event.onlineseminarsolutions.com/wcc/r/1381156-1/5CA6F47532948684E7E71FA278309BFE
Full participant information (including dial-in number) will be provided upon registration.
This Notice is given by:
RAC BOND CO PLC
This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange
For Investor enquiries, please contact:
David Whatley, Director of Group Finance [email protected]
For Media enquiries, please contact:
Rod Dennis, Press Officer [email protected]
Who we are
For more than 120 years, the RAC has been at the forefront of developing motoring solutions. Today, you can trust the RAC for complete peace of mind, whatever your driving needs.
Discover our history
The RAC has been consistently at the forefront in assisting UK drivers. Take a look at a snapshot of our history so far, beginning in 1897.
Corporate responsibility
The RAC has embedded Corporate Social Responsibility (CSR) throughout the business, with a continued focus on enhancing road safety, improving fuel efficiencies and in developing innovative new products and services for members.