Key performance indicators

The Group tracks its performance using 2 operating key performance indicators (“KPI”s), 3 financial KPIs and 4 funding targets that the Board believes are key indicators of its progress against its strategic and financial targets.

Operating Key Performance Indicators ("KPIs")

Like-for-like sales growth (%)

Adjusted operating profit (£m)

Financial Key Performance Indicators

Lease adjusted return on capital employed (%)

Adjusted earnings per share (p)

Free cash flow (£m)

Funding Targets

Dividend cover (times)

Fixed charge cover (times)

Leverage ratio (times)

Net debt (£m)