Investing in our people's futures

114,000

people employed in over 100 countries across the globe
(2022: 115,000)

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41%

women in executive leadership roles¹
(2022: 40%)

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34,000+

technology accreditations and certifications awarded to our people
(2022: 33,000+)

1Executive leadership roles are defined by WPP as the agency board and executive leadership population as reported through WPP’s financial reporting system

An industry-leading commitment to reduce carbon emissions from our own operations to net zero by 2025, and across our supply chain by 2030

0.19 tCO₂e

carbon emissions per person² from direct operations (Scope 1 and 2)³
(2022: 0.23 tCO₂e)

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88%

electricity purchased from renewable sources
(2022: 83%)

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21,322 tCO₂e

market-based Scope 1 and 2 carbon emissions⁴
(2022: 26,102)

2 Full-time equivalent (FTE) employee

3 2022 energy metric restated in line with the procedures set out in the WPP Sustainability Reporting Criteria 2023. For details of the nature and impact of the restatement, see page 61 of the Annual Report

4 See Carbon Emissions Statement on page 69 of the Annual Report

Delivering transformational results for our clients

303

of the Fortune Global 500 are WPP clients, reflecting demand for our services among the world's leading companies
(2022: 307)

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Effie Awards Index

ranked most effective communications company in the world (Effies 2023)

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27.5

client net promoter score⁵
(2022: 24.5)

5 See definitions in the Glossary on page 232 of the Annual Report

Helping to bring about change for the better in society

Leader

in the Bloomberg Gender-Equality Index

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£36.1m

total social contribution, taking into account cash donations, pro bono work, in-kind contributions, free media space and racial equity initiatives
(2022: £35.5m exc. racial equity initiatives)

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$21.1m

cumulative investment in racial equity initiatives since 2020

In 2023 reported revenue increased 2.9% and like-for-like revenue less pass-through costs grew 0.9%¹

£14.8bn

revenue
(2022: £14.4bn)

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£11.9bn

revenue less pass-through costs²
(2022: £11.8bn)

1 Like-for-like growth as defined in the Glossary on page 232 of the Annual Report

2 The Group uses alternative performance measures in explaining its results, which are described on pages 223 to 225 of the Annual Report

Our headline operating margin of 14.8% was unchanged on a reported basis, but grew 0.2 percentage points on a like-for-like basis, due to disciplined cost control

14.8%

headline operating margin³
(2022: 14.8%)

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£475m

transformation programme gross savings since 2019
(2022: £375m)

3 Headline operating profit of £1,750m, as a percentage of revenue less pass-through costs of £11,860m. Reported profit before tax was £346m (2022: £1,160m)

Our balance sheet is rated investment grade by leading credit agencies. Our leverage ratio slightly exceeded our target range of 1.5-1.75x due to higher average net debt. Year-end net debt was unchanged at £2.5bn

S&P BBB Moody's Baa2

investment grade ratings from credit agencies
(2022: S&P BBB, Moody's, Baa2)

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1.8x

leverage ratio of average adjusted net debt to headline EBITDA⁴
(2022: 1.4x)

4 See definitions in the Glossary on page 232 of the Annual Report

In 2023, total dividends per share of 39.4p were in line with our target payout policy of around 40% of headline earnings per share (EPS), and unchanged from 2022

39.4p

dividends per share
(2022: 39.4p)

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£423m

total dividends to shareholders
(2022: £365m)