Business
Johnson Matthey: PGM Services seminar
Johnson Matthey: PGM Services seminar.
About this update from Johnson Matthey Plc
[{"type":"text","content":"\n\nJohnson Matthey:\nPGM Services seminar\n27th June 2024\n \n \n\n\n\n\n\nDriving long-term sustainable value creation\n\n\n\n\nJohnson Matthey (JM) is today hosting a PGM Services seminar for investors and analysts.\n\n\n\n\n\n\n\n\n\nThe seminar will deliver greater insight into the fundamental role of PGM Services in enabling JM to help catalyse the net zero transition and drive further strong cash generation. We will also provide details of the exciting opportunities for growth as new PGM (platinum group metal) applications are developed.\n\n\n\n\n\n\n\n\n\nPGMs have been the backbone of JM for over 200 years. Today, underpinned by our\nworld-class R&D capability and PGM expertise, PGM Services is at the heart of our business and critical to the successful delivery of our strategy.\n\n\n\n\n\n\n\n\n\nPGM Services is a world leader across the PGM value chain:\n\n\n\n\n\n\n\n\n\n· \n\n\nnumber one secondary refiner of PGMs globally\n\n\n\n\n· \n\n\nlargest global liquidity hub for PGMs¹\n\n\n\n\n· \n\n\nleader in developing high value products\n\n\n\n\n· \n\n\ndifferentiated through a full-service customer offering\n\n\n\n\n\n\n\n\n\nIn PGM Services, we are driving sustainable long-term value creation through: higher refining volumes, growth in new high value PGM applications, delivering efficiencies including in working capital management from our new world-class PGM refinery, and lower capital intensity. With more stable PGM prices anticipated, we expect this business to deliver at least low single digit CAGR in operating profit over the medium to long-term, and strong cash conversion.\n\n\n\n\n \n\n\n\n\nThe audio webcast will begin at 13:00 BST and interested parties can register for the event through Johnson Matthey's investor relations website: https://matthey.com/investors\n\n\n\n\n\n\n\n\n\nENDS\n\n\n\n\n \n\n\n\n\nEnquiries: \n\n\n\n\n\n\n\n\n\n\nInvestor Relations\n\n\n \n\n\n \n\n\n\n\nMartin Dunwoodie\nLouise Curran\nChris Wood\n\n\nDirector of Investor Relations and Treasury\nHead of Investor Relations\nSenior Investor Relations Manager\n\n\n+44 20 7269 8241\n+44 20 7269 8235\n+44 20 7269 8138\n\n\n\n\nMedia\n\n\n \n\n\n \n\n\n\n\nSinead Keller\nHarr...