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It outlines key performance measures and reconciliations, highlights revenue, underlying profit, order book, and workforce size, and describes the Build to Last strategy, cultural framework, values, and behaviours. 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BALFOURBEATTY. COM  \nIcon Awards  \nIn 2024, we celebrated our inaugural Icon Awards at the world‑class V&A Museum in London, bringing together almost 400 colleagues from across the UK, US and Hong Kong to celebrate the very best of Balfour Beatty.  \n p74  \nLOOK OUT FOR THE ICON AWARDS LOGO TO READ OUR WINNERS’STORIES THROUGHOUT  \nTHE REPORT.  \nFRONT COVER IMAGE:  \n(Left to right) Martina Doussias, Senior Project Accountant, Nick Stenman, Assistant Superintendent, and Karli Franks, Marketing Lead, onsite at the Southwestern College Student Union project in California. Photo credit: Emil Kara, Multimedia Manager – US Buildings.  \nFINANCIAL PERFORMANCE CONTENTS  \nThe Group has presented financial performance measures which are considered most relevant to the Group and used to manage the Group’s performance. An explanation of these measures and appropriate reconciliations to statutory measures are provided on pages 80 to 85.  \n UNDERLYING REVENUE¹ £m  \n UNDERLYING PROFIT FROM OPERATIONS (PFO) £m  \n UNDERLYING EARNINGS PER SHARE (BASIC) Pence  \n8,587 8,280  \n8,931 9,595  \n10,015  \n197  \n279  \n228  \n248  \n29.7  \n47.5  \n37.3  \n43.6  \n51  \n3.7  \n16.4  \n16.1  \n17.4  \n16.5  \n18.4  \n790  \n815  \n842  \n943  \n581  \n30  \n139  \n287194  \n178  \n139  \n418  \n441435446  \n7,320 7,185  \n7,629  \n7,993 8,234  \n STATUTORY EARNINGS PER SHARE (BASIC) Pence  \n\n| 6.9 |\n| --- |\n| 4\u003Cbr>3 |\n| 35.\u003Cbr>34.2 |\n| .3 |\n| 4.4\u003Cbr>21 |\n| |\n\nDIVIDENDS PER SHARE Pence  \n\n|  | 5 |  | 2.5 |  |\n| --- | --- | --- | --- | --- |\n|  | 0.5\u003Cbr>11. |  | 1 |  |\n| 9.0 | 1 |  |  |  |\n|  |  |  |  |  |\n| 1.5 |  |  |  |  |\n| |  |  |  |  |\n\nKEY  \n Performance measures  \n Statutory measures  \n1 Including share of joint ventures and associates, before non‑underlying items.  \nSTRATEGIC REPORT  \nFinancial performance 1  \nBalfour Beatty at a glance 2  \nGroup Chair’s introduction 4  \nOur business model 8  \nGroup Chief Executive’s review 10  \nMarket review 14  \nOur strategy: Build to Last 24  \nStakeholder value 26  \nOperational review 30  \nDirectors’ valuation of the Investments portfolio 38  \nHealth, safety and wellbeing 40  \nEthics and compliance 46  \nTax strategy 47  \nSustainability 48  \nOur people 68  \nNon‑financial and sustainability information statement 79  \nMeasuring our financial performance 80  \nChief Financial Officer’s review 86  \nRisk management 89  \nViability statement 106  \nClimate change and Task Force on Climate‑ related Financial Disclosures (TCFD) 107  \nGOVERNANCE  \nBoard leadership and Company purpose 117  \nDivision of responsibilities 132  \nComposition, succession and evaluation 136  \nNomination Committee 140  \nSafety and Sustainability Committee 144  \nAudit and Risk Committee 146  \nRemuneration Committee 153  \nDirectors’ report 175  \nFINANCIAL STATEMENTS  \nIndependent auditor’s report 179  \nFinancial statements 188  \nNotes to the financial statements 198  \nOTHER INFORMATION  \nUnaudited Group five‑year summary 276  \nShareholder information 277  \n20 21 22 23 24 20 21 22 23 24  \n2 STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION Balfour Beatty plc | Annual Report and Accounts 2024  \nBALFOUR BEATTY AT A GLANCE  ","cbCaiePcC4Gssysz","https://ap.wps.com/l/cbCaiePcC4Gssysz","pdf",27275871,284,"English","# Strategic Report\n## Financial performance\n## Balfour Beatty at a glance\n## Group Chair’s introduction\n## Our business model\n## Group Chief Executive’s review\n## Market review\n## Our strategy: Build to Last\n## Stakeholder value\n## Operational review\n## Directors’ valuation of the Investments portfolio\n## Health, safety and wellbeing\n## Ethics and compliance\n## Tax strategy\n## Sustainability\n## Our people\n## Non-financial and sustainability information statement\n## Measuring our financial performance\n## Chief Financial Officer’s review\n## Risk management\n## Viability statement\n## Climate change and TCFD\n# Governance\n## Board leadership and Company purpose\n## Division of responsibilities\n## Composition, succession and evaluation\n## Nomination Committee\n## Safety and Sustainability Committee\n## Audit and Risk Committee\n## Remuneration Committee\n## Directors’ report\n# Financial Statements\n## Independent auditor’s report\n## Financial statements\n## Notes to the financial statements\n# Other Information\n## Unaudited Group five-year summary\n## Shareholder information","[{\"question\":\"What is Balfour Beatty’s overall purpose and strategy described in the report?\",\"answer\":\"The report states the purpose as “Building New Futures” and describes “Build to Last” as the group’s strategy for continuous improvement. It links the strategy to a cultural framework covering values and behaviours.\"},{\"question\":\"Which topics related to financial performance and risk are covered?\",\"answer\":\"The document includes “Measuring our financial performance” and explains underlying and statutory measures, with reconciliations to statutory metrics. It also provides “Risk management” and a “Viability statement” within the strategic report.\"},{\"question\":\"What governance areas are included beyond the strategic and financial sections?\",\"answer\":\"Governance coverage includes board leadership, division of responsibilities, committee structures (Nomination, Safety and Sustainability, Audit and Risk, Remuneration), and the directors’ report. It also includes composition, succession and evaluation.\"}]","Balfour Beatty Annual Report and Accounts 2024 | PDF",1791021917,716]