Investment case

Go-Ahead is one of the UK's leading public transport providers

Go-Ahead is one of the UK's leading public transport providers enabling more than a billion journeys each year on our bus and rail services. At Go-Ahead we place great importance on partnership, adopting a collaborative approach with governments, local communities and strategic partners; developing and operating services that create long term value for all of us.

Stable cash-generative bus business

  • Well established regional bus operator with a focus on urban areas in the south of England.
  • Largest bus operator in London with strategically located depots providing competitive advantages.
  • Efficient operations resulting in delivery of near industry leading margins.

£383.7m

regional bus revenue

£550.5m

London bus revenue 

Our bus markets

UK rail experience

  • Operator of the UK’s busiest rail franchises.
  • Track record of UK rail franchises contributing to Group profits and cashflows.
  • Low levels of capital deployment.

£2527.3m

rail revenue

Our rail markets

Growing international pipeline

  • Clear and disciplined strategy for low-risk international diversification.
  • Ten international contracts won to date in three countries.
  • Strong pipeline of opportunities in targeted markets.
  • Target to deliver 15-20% of Group operating profits from international activities.
     

10

new international contracts to date

+£400m

annualised revenue secured on international contracts

Our international strategy

Devolved
customer-focused management

  • Autonomous local management teams best placed to optimise performance.
  • Multiple awards won for customer service with the highest ever regional bus customer satisfaction score.
  • Playing a key role in the communities we serve by supporting local economies enabling access to work, education, leisure and retail.

91%

Highest ever passenger satisfaction score

£30m

Investment in stations

Our business model and strategy

Future scaling and proofing

  • Addressing changing socio-economic dynamics impacting public passenger transportation.
  • Continued innovation and deployment of technology to make passenger transport easier and more efficient.
  • Committed to improving the environment and air quality.
  • Focus on remaining a sustainable, responsible business.

£1000000

community investment annually

Smarter technology

Strong financial profile

  • Robust balance sheet with low levels of net debt.
  • Disciplined approach to capital allocation and risk management.
  • Strong free cashflow generation expected in coming years.
  • Committed to paying an attractive dividend.

Our current financial position