Peachtree 2015 Annual Report Download - page 9

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AND A PROGRESSIVE DIVIDEND
We remain focused on shareholder returns and believe
that sustainable earnings growth, a disciplined approach
to capital allocation and progressive dividend policy,
will drive superior returns for shareholders. Central to
our shareholder returns is the annual dividend which
has increased every yearsincewe joined the FTSE 100.
STRONG FREE CASH FLOW
Our aention to underlying cash conversion and a
disciplined approach to capital expenditure yields strong
levels of free cash flow (“FCF”). Generating strong FCF
is important in order to fund shareholder returns and
we aim to generate FCF as a proportion of revenue in
the 15% to 20% range.
GENERATING SUSTAINABLE REVENUE GROWTH
We have increased our organic revenue growth rate
since FY12 from 2% to 6% in FY15. As we continue to
transition towards a higher qualityrevenue model,
we have confidence in maintaining our revenue growth
by aracting new customers and deliveringgreater value,
functionality and features to our existing customers.
FCF to revenue
20.6%
14
15
16.9%
20.6%
2000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2013 2014 20152012
15 year dividend history
13.10p
Growing the annual dividend
per share
7
FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
The Sage Group plc | Annual Report & Accounts 2015
FY12
2%
FY15
6%