Smiths Group Plc · LSE:SMIN
Smiths — Shareholder Meeting (November 2023)
19 slides from Smiths's shareholder meeting presentation, Nov 16, 2023
Slide 1: Smiths Group plc Annual General Meeting 16 November 2023
IMPROVING OUR WORLD THROUGH SMARTER ENGINEERING SMITHS GROUP PLC ANNUAL GENERAL MEETING 16 NOVEMBER 2023
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements that are forward-looking statements. They appear in a number of places throughout this presentation and include statements regarding the intentions, beliefs and/or current expectations of Smiths Group plc (the “Company”) and its subsidiaries (
Slide 3: Chairman's address
Chairman’s address SIR GEORGE BUCKLEY CHAIRMAN
Slide 4: CEO Review
CEO Review PAUL KEEL CHIEF EXECUTIVE OFFICER
Slide 5: Agenda: Our strategy, Our progress, Our potential
Agenda Our s trategy Our progres s Our potential | 5 |
Slide 6: Our strategy - the Smiths Value Engine
Our strategy - the Smiths Value Engine OUR PURPOSE OUR STRENGTHS OUR PRIORITIES World-Class Engineering Growth Leading Positions in Critical Markets PIONEERS OF Execution Global PROGRESS Capabilities Improving our world through smarter Robust Financial People engineering Framework | 6 |
Slide 7: Agenda: Our strategy, Our progress, Our potential
Agenda Our s trategy Our progres s Our potential | 7 |
Slide 8: Progress since our 2022 Annual General Meeting
Progress since our 2022 Annual General Meeting Smiths s upports India Year- on- year improvement lunar landing and other agains t all five financial 2023 Annual GROWTH EXECUTION PEOPLE s pace mis s ions targets General Meeting Record organic growth: Completion of ESG double FY23 revenue +11.6% Smith
Slide 9: Significant progress against all medium-term targets
Significant progress against all medium-term targets 100%+ 18-20% +M&A 15-17% +M&A 7-10% 4–6% Organic Revenue Growth1 EPS Growth ROCE2 Operating Profit Margin Operating Cash Conversion2 FY2021 (2.2)% +19.3% 13.9% 15.5% 129% FY2022 +3.8% +17.8% 14.2% 16.3% 80% FY2023 +11.6% +39.6% 15.7% 16.5% 86% 1 O
Slide 10: Agenda: Our strategy, Our progress, Our potential
Agenda Our s trategy Our progres s Our potential | 10 |
Slide 11: Our fundamental strengths underpin achievement of our potential
Our fundamental strengths underpin achievement of our potential OUR STRENGTHS • 172-year track record of innovating across multiple markets World-Class • R&D investment and new product development supporting growth Engineering • Unmatched global service network • Top 3 position in most key segments
Slide 12: Long-term megatrends and adjacencies support sustainable growth
Long-term megatrends and adjacencies support sustainable growth Energy Supporting the move to low carbon fuels and Sustainability Consistent focus on delivering solutions to transition reducing our customers’ emissions improve our customers’ energy efficiency Examples: Examples: Won tender for one
Slide 13: The Smiths Excellence System is driving value for all our stakeholders
The Smiths Excellence System is driving value for all our stakeholders Smiths Excellence System SES operating profit contribution SES continues to scale across Smiths 70 projects completed or underway • +43% Dedicated Master Black Belts in each business cc Adding additional Black Belts in ke
Slide 14: Sustainability is central to our Purpose and our potential
Sustainability is central to our Purpose and our potential Growth Commercialising high-value green technology - Supporting numerous hydrogen and CCS customer projects around the world - Supplying high-performance electric heating elements for customer decarbonisation projects - Continue to increas
Slide 15: Strong performance in FY2023, good momentum into FY2024
Strong performance in FY2023, good momentum into FY2024 FY2023 FY2024 • Good progress advancing our strategy • Q1 performance in line with expectations • Year-on-year improvement against all five medium-term financial targets, including organic revenue growth of +12% and EPS growth of +40% • Full-ye
Slide 16: Questions & Answers
j » — Questions & Answers smiths
Slide 17: Poll vote resolutions
Poll vote resolutions 1. Receipt of Annual Report FY2023 12. Re-election of Mark Seligman as a director 2. Approval of Directors’ Remuneration Report 13. Re-election of Noel Tata as a director 3. Declaration of a final dividend 14. Re-appointment of KPMG LLP as auditors 4. Election of Steve Williams
Slide 18: Proxy votes cast
Proxy votes cast • 273 million proxy votes cast • 78% of the issued share capital • Continued strong support - full results will be available on the website | 18 |
Slide 19: Thank you for attending Smiths 109th Annual General Meeting
IMPROVING OUR WORLD THROUGH SMARTER ENGINEERING Thank you for attending Smiths 109th Annual General Meeting 16 NOVEMBER 2023