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Costain annual report 2019
Annual Report 2019 highlights

Overview

Focusing on urgent national needs

We continue to work with industry, transport and energy utilities to shape the energy systems of the future, developing hydrogen and other low carbon solutions to support the UK’s journey towards net zero carbon. In 2019 we helped industrial clusters set out their road map for carbon capture and storage (CCS) deployment and are currently providing strategic consultancy for a proposed CCS
demonstration project in Scotland.

Decarbonisation; decentralisation; enhancing efficiency and resilience; reducing cost of decommissioning.

We continue to provide leading edge, technology-based solutions to UK water utility companies across the life cycle of their assets. In 2019 we have been at the front end of clients’ planning for AMP7, helping them to shape their strategies for the development of major future infrastructure projects. Our consultancy services provide strategic advice, engineering design, systems thinking and asset management support as well as guidance on their technology architecture, including digital twin strategies, to help them drive efficiencies.

Improved regulatory performance; lower water bills; increased asset resilience; improved customer service; protecting the environment.

In 2019 we have been at the forefront of developments in new transport technology across highways, rail and aviation; improving people’s lives by making their journeys faster, better and healthier for them and our planet.

As well as our role in delivering complex projects to increase transport network capacity, improve journey times and make them safer, we are a specialist advisor and integrator of smart transport digital technology, asset optimisation and decarbonisation solutions to regional and local transport operators. On the back of our award winning A2M2 project, we are working with leading car manufacturers as part of the connected digital roads project to provide leading edge vehicle-to-infrastructure technologies and expertise to enable connected and automated mobility on strategic and local roads.

Safe and seamless journeys; improving network capacity and air quality; decarbonisation; systems integration and information optimisation; lowering capital expenditure and maintenance costs

We continue to provide strategic consultancy and advisory services to help clients such as BAE Systems, Rolls Royce and AWE enhance performance and their ability to deliverthe most complex national strategic programmes. Achievements in 2019 include successful programme delivery for a key defence client and introducing additional value through our digital solutions services. Digital platforms, digitised design, digital twin, virtual reality and 3D scale model printing all contributed to enhanced outcomes.

Equipment and facilities upgrade; programme continuity and change control; improving performance and reducing through life costs of assets; digital and cyber resilience and security.

Financial highlights

£1,162.9m

Revenue

£17.9m

Underlying operating profit

£14.6m

Underlying profit before tax

£64.9m

Net cash balance

13.5p

Underlying basic earnings per share

3.8p

Total dividend per share

Responsible business highlights

Percentage of our total spend with SMEs

37%

Percentage of waste diverted from landfill

95%

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