Imi Plc · LSE:IMI
Imi — Investor Presentation (December 2025)
22 slides from Imi's investor presentation, December 2025
Slide 1: IMI plc: A global leader in fluid and motion control
IMI plc A global leader in fluid and motion control December 2025
Slide 2: Cautionary statement
Cautionary statement By reading these presentation slides you agree to be bound by the limitations Outside of the UK, the distribution of this presentation may be restricted or and conditions set out in this Cautionary statement. prohibited by law. Recipients should inform themselves and follow any
Slide 3: About IMI
About IMI
Slide 4: IMI at a glance
IMI at a glance Compounding profitable growth Leveraging our global scale and expertise 8% 50+ 4.7% 10% 10,000+ £2,210m Countries Three-year 41% average organic Employees Revenue Revenue by revenue growth 18% sector 23% 19.7% c.45% Adjusted EBIT Aftermarket Process Automation margin Industrial Autom
Slide 5: A global leader in fluid and motion control
A global leader in fluid and motion control Our business Powering the world’s most critical industries Leading positions in attractive growth markets Bespoke, high-performance valves, actuators and controls Power Generation Data Centres Life Science Solutions are a mission Combined cycle gas Direct
Slide 6: Compounding EPS at an 11% CAGR between 2019-2024
Compounding EPS at an 11% CAGR between 2019-2024 Adjusted Earnings Per Share (pence) Guidance: +11% CAGR 2019-2024 129-136 136 122.5 116.8 105.5 92.0 79.7 73.2 Growth Strategy launched 2019 2020 2021 2022 2023 2024 2025* *Midpoint of 2025 guidance range
Slide 7: Growth strategy
Growth strategy
Slide 8: Our right to win
Our right to win Value proposition Growth themes Energy Global leader in fluid and motion control Bespoke, high-performance solutions Automation Mission critical to end customer outcomes Significant high-margin aftermarket exposure Healthcare Underpinned by One IMI operating model Commercial Market-
Slide 9: Strategic pillars
Strategic pillars Commercial excellence Market-led innovation Continuous improvement £149m Net Promoter Scores Adjusted operating margin 2019 H1 2025 £89m 2019 2024 c.10 50+ £7m £23m £52m 14.2% 19.7% Good Excellent 2020 2021 2022 2023 2024 Growth Hub orders +550 basis points Customer partnership Sol
Slide 10: Average organic growth of 4.7% over last three years
Average organic growth of 4.7% over last three years Energy Automation Healthcare Labour cost AI and Ageing Medical Preventative Demand Electrification Efficiency Productivity and scarcity digitisation population advances diagnostics IMI opportunity IMI opportunity IMI opportunity Process Automation
Slide 11: Our unique, market-led approach to innovation
Our unique, market-led approach to innovation Illustrative Gate 1 Gate 2 Gate 3 Gate 4 timeframe Week 8 Week 16 Week 24 Week 32 Phase 1 Phase 2 Phase 3 Phase 4 Problem Identification Test & Learn Develop & Assess Scale Find acute customer Validate issues Gain customer and industry issues Create prot
Slide 12: Innovative solutions solving key industry problems
Innovative solutions solving key industry problems Winning share in Unlocking the Energy efficiency in the aftermarket hydrogen economy data centres Unique 3D printing technology VIVO electrolyser established in market Expertise in direct liquid cooling Upgrading competitor valves Strong pipeline of
Slide 13: Financial framework
Financial framework
Slide 14: Delivering our financial framework
Delivering our financial framework Medium-term targets Cash-backed Structural growth Strong margins Premium returns earnings 5% 20%+ 90%+ 12%+ Organic revenue Adjusted EBIT Cash conversion ROIC Compounding growth margin EPS growth Enduring megatrends Strong pricing £1bn+ free cash flow Fully burdene
Slide 15: Approaching 20% margin, expect further progression
Approaching 20% margin, expect further progression 20%+ 19.7% c.20% 14.2% 2019 2024 2025* Target Complexity reduction Continuous improvement 20+ facilities closed or sold Operating leverage £119m annual benefits Aftermarket focus Two-year payback ~30% drop through Restructuring charges within our cu
Slide 16: Over £1 billion of free cash flow expected over the next three years
Over £1 billion of free cash flow expected over the next three years Capital allocation priorities Annual free cash flow generated (£m) 1 Organic growth £1 billion + 2 Dividend 263 234 3 Bolt-on M&A 158 4 Share buybacks 2022 2023 2024 2025 2026 2027 Disciplined approach to capital allocation focused
Slide 17: Maximising shareholder returns from growing cash flow
Maximising shareholder returns from growing cash flow Capital allocation priorities Organic Share 1 growth 2 Dividend 3 Bolt-on M&A 4 buybacks Invest in our people, Progressive dividend Value enhancing M&A Return surplus capital to processes and Target returns in line with shareholders if leverage o
Slide 18: Creating value through targeted bolt-on acquisitions
Creating value through targeted bolt-on acquisitions Areas of focus Leveraging Acquisition of TWTG for €25m Fluid and motion control Customer relationships and routes to market to accelerate sales growth Leadership in niche growth market Application and aftermarket expertise Mission critical solutio
Slide 19: Post-tax returns significantly higher than ~9% WACC
Post-tax returns significantly higher than ~9% WACC Fully-burdened return on invested capital1 13.2% 13.1% 13.4% 12.5% 12.8% 12.7% 12.4% 12.3% 11.4% 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 Fully-burdened return on invested capital reverses historic impairments of goodwill and the amortisation
Slide 20: Why invest?
Why invest?
Slide 21: Strategy has delivered a 17% annual return to shareholders
Strategy has delivered a 17% annual return to shareholders 300 Relative Total Shareholder Return IMI + 183% 275 S&P 500 + 159% 250 225 200 175 FTSE 100 + 68% 150 125 100 75 50 2019 2020 2021 2022 2023 2024 2025 Source: Refinitiv Datastream, 9 May 2019 – 24 November 2025
Slide 22: Our investment case
Our investment case 1 Leading positions in fluid and motion control growth markets 2 Strong pricing power 3 Innovative solutions creating customer value 4 Significant aftermarket exposure 5 Highly cash generative with a disciplined approach to capital allocation