Pubs to be proud of
MARSTON’S PLC
ANNUAL REPORT AND ACCOUNTS 2022
MARSTON’S PLC ANNUAL REPORT AND ACCOUNTS 2022
Pubs to be proud of
Marston’s is a leading pub operator;
our pubs are at the heart of the
communities they serve.
STRATEGIC REPORT
Our purpose 1
At a glance 2
Chair’s statement 3
CEO’s statement 4
Market dynamics 6
Our business model 7
Our strategy 8
Group operational and financial review 17
Section 172(1) statement 20
Stakeholder engagement 21
Responsible business 24
Non-financial information statement 41
Risk and risk management 43
GOVERNANCE
Chair’s introduction 56
Board of Directors 58
Corporate Governance report 60
Directors’ Remuneration report 72
FINANCIAL STATEMENTS
Independent Auditor’s report to the
members of Marston’s PLC 99
Group income statement 108
Group statement of
comprehensiveincome 110
Group cash flow statement 111
Group balance sheet 112
Group statement of changes in equity 114
Notes to the Group accounts 116
Company balance sheet 155
Company statement of
changes in equity 156
Notes to the Company accounts 157
ADDITIONAL INFORMATION
Alternative performance measures 167
Information for shareholders 171
Glossary 173
The Strategic Report, outlined from the inside front cover to page 55 incorporates: Our purpose, At a glance, Chair’s
statement, CEO’s, Market dynamics, Our business model, Our strategy, Our key performance indicators, Strategy in
action, Group operational and financial review, Section 172(1) statement, Stakeholder engagement, Responsible
business, Non-financial information statement and Risk and risk management.
By order of the Board
ANDREW ANDREA
CHIEF EXECUTIVE OFFICER
Revenue
£799.6m
2021: £401.7m*
Net cash inflow
£26.2m
2021: £118 .1m
Underlying Earnings/(loss) per share
4.3p
2021: (13.6)p
*
Earnings/(loss) per share
21.7p
2021: (20.3)p*
Underlying Profit/(loss) before tax
£27.7m
2021: £(101.3)m
*
Profit/(loss) before tax
£163.4m
2021: £(171.1)m*
FINANCIAL HIGHLIGHTS
WE HAVE PUBLISHED
OURFIRST TCFD REPORT
* From continuing operations.