About

Rolls-Royce

Powering, protecting and connecting the modern world

About Rolls-Royce

We’ve been at the forefront of innovation for more than a hundred years, helping to power, protect and connect the modern world

Today, we’re working on a multi-year transformation to unlock our full potential. We’re building on our enduring, distinctive strengths to create a high-performing, competitive, resilient and growing Rolls-Royce. We will continue to design, build and maintain systems that provide mission-critical power to customers.

The Rolls-Royce proposition

  1. Build a high-performing, competitive and resilient business with profitable growth.
  2. Grow sustainable free cash flow.
  3. Build a strong balance sheet and grow shareholder returns.

Delivering the proposition will make us a stronger partner to our customers as they face future challenges and opportunities. We will unlock our full potential by turning engineering excellence into strong financial performance.

To implement our strategy, we will be disciplined, agile and systematic. We will continue to have a tight focus on priorities, improve commercial discipline and seek efficiency in every step, whilst never compromising on integrity or safety. We will put the business on a stronger financial footing by delivering a sustainable reduction in working capital, higher operating margins and improved operational performance.

Improving profitability will give us options to grow the business and enhance shareholder returns. This performance shift is also crucial to creating more opportunities for our people to be part of an energising, rewarding and world-leading team.

Where we’re going

Our leadership team made a public announcement about where we’re going and our plans for getting there, at our Capital Markets Day on 28 November 2023. Watch the recording, browse our Virtual Exhibition, and download presentations from the day.

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Our businesses

We have a differentiated position with a strong portfolio of products and technologies in attractive markets. Our core operating businesses cover:

Civil Aerospace

We’re a major manufacturer of aero engines for large commercial aircraft, regional jet and business aviation.

Defence

We’re a market leader in aero engines for military transport and patrol aircraft, as well as combat and helicopters, with significant experience in

Power Systems

We’re a leading provider of high-speed reciprocating engines, complete propulsion systems and distributed energy solutions.

Our strategic framework

Our near-term focus areas and strategic priorities are informed by our business environment. Our strategy is delivered by our people, enabled by our business model, enacted by our business units and measured through our KPIs. It’s underpinned by strong governance and leadership, which manages risk and uncertainty, and creates value for all our stakeholders.

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Our company

Our business in 2022

underlying revenue by business in 2022

Underlying revenue
£12,691m

Underlying profit before tax
£206m

Free cash flow
£505m

Order backlog
£60.2bn

Gross R&D expenditure
£1.3bn

Liquidity
£8.1bn

Underlying earnings per share
1.95p

Employees
41,800

Countries
48

color x y actual prefix postfix
#004990 Civil aerospace 45     %
#009ec5 Defence 29     %
#356eb5 Power Systems 26     %
#59c2e2 New Markets & other businesses
0
    %

Inside Rolls-Royce

Leadership

Where we operate

Our Research

Our History