ITV continues to make significant progress in growing and strengthening the business creatively, commercially and financially

Investor proposition

A strong track record for delivery

Since 2009 we have grown adjusted earnings per share by 844%. Even in 2016 when NAR declined by 3% we delivered revenue and adjusted EBITA growth as a result of the significant progress we have made in rebalancing the business. We are reducing our dependence on UK advertising and driving new revenue streams to build a more global and diversified organisation.

+844% increase in adjusted EPS since 2009 53% of total revenue is from sources other than spot advertising
Strong market position

The Broadcast business remains robust. Our on-screen and online viewing performance is strong and we continue to deliver unrivalled audience scale and reach for advertisers as well as more targeted demographics on our digital channels and on the ITV Hub.

Online, Pay & Interactive is a material, fast-growing and profitable part of the business and we are continuing to build our digital business with the announced launch of our Subscription Video on Demand (SVOD) service BritBox US.

Our international content business is now a global player of scale, creating, owning and managing rights and we will continue to grow both organically and through acquisitions in key creative markets.

99% of all commercial audiences over five million are on ITV +50% of total Studios revenues is from outside the UK
Highly cash generative

We are a highly cash generative business and our disciplined approach to cash, costs and capital has strengthened our balance sheet and allowed us to continue to invest across the business.

Investment opportunities

As we continue to deliver our strategy we see good investment opportunities to grow the business and enhance shareholder value whilst maintaining capital discipline.

Compelling shareholder returns

The Board is committed to a long-term sustainable dividend policy. Ordinary dividends will grow broadly in line with earnings, targeting dividend cover of around 2x adjusted earnings per share over the medium-term.

£1.8bn returned to shareholders since 2011 when the dividend was restored 42% growth in online viewing on the ITV Hub

Our strategy

Our strategy is focused on three key priorities: maximising, growing and building.

Results centre

We have announced our results for the 12 months ended 31 December 2016.