RWS Annual Report 2022 web - Flipbook - Page 161
Organic Revenue
Organic revenue is calculated by adjusting the prior year revenues by adding pre-acquisition revenues for the
corresponding period of ownership.
2020
Organic Revenue
2021
Organic Revenue
Growth/(Loss)
2021
Organic Revenue
2022
Organic Revenue
Growth/(Loss)
2022 Organic
Revenue2
Organic
Revenue
Growth
IP Services
112.8
0.8
113.6
(6.4)
107.2
(6%)
Regulated Industries
157.2
14.0
171.2
1.8
173.0
1%
Language Services
320.9
2.7
323.6
18.5
342.1
6%
Language & Content Technology
113.7
2.8
116.5
9.1
125.6
8%
Total
704.6
20.3
724.9
23.0
747.9
3%
Organic revenue at constant exchange rates
Organic revenue at constant exchange rates is calculated by adjusting the prior year revenues by adding pre-acquisition
revenues for the corresponding period of ownership, and applying the 2022 foreign exchange rates to both years.
2021
Revenue at
FY 22 Rates
2021
Pre Acq Revenue
at FY 22 Rates1
2021 Organic
revenue at
constant
exchange rates
2022
Revenue Growth
2022 Organic
Revenue2
Organic
Constant
Currency
Revenue
Growth
IP Services
Regulated Industries
117.5
168.6
1.4
8.1
118.9
176.7
(11.7)
(3.7)
107.2
173.0
(10%)
(2%)
Language Services
324.4
13.9
338.3
3.8
342.1
1%
Language & Content Technology
110.9
8.4
119.3
6.3
125.6
5%
Total
721.4
31.8
753.2
(5.3)
747.9
(1%)
1
Includes SDL and Horn & Uchida pre-acquisition operating results
2 Excludes
Liones Holding B.V. FY22 operating results
Adjusted Operating Profit
Adjusted operating profit is calculated by adjusting operating profit for the impact of exceptional items, amortisation
of acquired intangibles, acquisition costs and share based payments. This is further analysed in note 4 and labelled as
‘Operating profit/(loss) before charging.
Cash flow conversion calculations
Adjusted operating profit
Depreciation (excluding right of use asset depreciation)
Amortisation from non-acquired intangibles
Net changes in working capital
Underlying cash flow from adjusted operating activities
Cash conversion
2018
£m
2019
£m
2020
£m
2021
£m
2022
£m
66.3
2.8
78.4
3.0
72.9
3.0
118.5
6.2
138.5
7.1
2.0
3.0
3.4
13.4
15.7
(7.1)
(1.8)
7.1
(23.5)
(8.7)
64.0
82.6
86.4
114.6
152.6
96.5%
105.4%
118.5%
96.7%
110.2%
ALTERNATIVE PERFORMANCE MEASURES RWS — Annual Report 2022
161
