Smiths Group Plc · LSE:SMIN
Smiths — Shareholder Meeting (November 2024)
19 slides from Smiths's shareholder meeting presentation, Nov 13, 2024
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING SMITHS GROUP PLC WEDNESDAY 13 NOVEMBER 2024
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 STEVE WILLIAMS CHAIRMAN 3
Slide 4: CEO Review
CEO Review ROLAND CARTER CHIEF EXECUTIVE OFFICER 4
Slide 5: FY2024 – continued good delivery against our strategy; well positioned for ongoing value creation
FY2024 – continued good delivery against our strategy; well positioned for ongoing value creation > Delivered in line with guidance Disciplined capital allocation > - +5.4% organic1 revenue - £181m R&D and capex Robust platform Good growth - £65m M&A operational and and focused - +30bps operating ma
Slide 6: Smiths Group – Business performance
Smiths Group – Business performance John Crane Smiths Detection Strong order intake, organic revenue and operating profit growth Delivering against, and further building on, strong order book Revenue Operating profit Revenue Operating profit £1,133m +9.8%1 £263m +12.4%1 £859m +11.1%1 £102m +18.0%1 E
Slide 7: Strategy
STRATEGY oN Vt l
Slide 8: Overview: taking the best of Smiths and making it better
Overview: taking the best of Smiths and making it better > What we do now > What we will do better > What we will do differently Core markets Focus on growth-accretive adjacencies - Organic growth in - Focus on the customer - Megatrends inform market selection core markets - Maximise growth opportun
Slide 9: Our portfolio: supporting customers, delivering growth and optimising performance
Our portfolio: supporting customers, delivering growth and optimising performance Aftermarket Different customers, end markets, Digital Customer-facing business models Industrial Processes capabilities (source of OPPORTUNITY competitive - Common capabilities / Engineering Science characteristics adv
Slide 10: Acceleration Plan – opportunity to enhance Group-wide productivity and capabilities
Acceleration Plan – opportunity to enhance Group-wide productivity and capabilities Programme of targeted investment across the Group - Enhance capabilities and competitiveness - Expect to deliver - Deliver end-to-end-process improvement for resilience and scalability over the longer term £30-35m po
Slide 11: All businesses have a clear roadmap to improve profitability and enhance capability
All businesses have a clear roadmap to improve profitability and enhance capability GROWTH EXECUTION Near Term Medium Term Near Term Medium Term Medium-term financial target impact Organic Revenue Growth | Operating Profit Margin Operating Profit Margin | ROCE | Operating Cash Conversion Core Market
Slide 12: Q1 and Outlook
Q1 AND OUTLOOK NAY,
Slide 13: Q1 trading update and FY2025 outlook
Q1 trading update and FY2025 outlook Acquisitions completed FY2025 - Completed two strategic and disciplined acquisitions for Flex-Tek - Modular Metal Fabricators, Inc and Wattco, Inc - Expansion in two of Flex-Tek's core platforms - HVAC and industrial electric heating - Integration progressing to
Slide 14: Re-affirming medium-term financial targets, underpinned by our performance framework
Re-affirming medium-term financial targets, underpinned by our performance framework ~100% 18-20% +M&A 15-17% +M&A 7-10% 4-6% Organic Revenue EPS Growth ROCE Operating Profit Operating Cash Growth1 Margin Conversion - Market share - Operating leverage - Balance sheet efficiency - SES - SES LEVERS -
Slide 15: Strategy builds on, and out from, solid foundations: executing a clear plan to increase value
Strategy builds on, and out from, solid foundations: executing a clear plan to increase value Our Purpose To make the world safer, more energy efficient and productive, and better connected Deliver profitable growth from Invest in technology and engineering Implement mission-critical solutions Our S
Slide 16: Questions & Answers
fo) a [| QUESTIONS & 307 ( J ANSWERS . VW)
Slide 17: Poll vote resolutions
Poll vote resolutions 1. Receipt of FY2024 Annual Report 13. Re-election of Clare Scherrer 2. Declaration of a final dividend 14. Re-election of Mark Seligman as a Director 3. Approval of Directors’ Remuneration Policy 15. Re-election of Noel Tata as a Director 4. Approval of Directors’ Remuneration
Slide 18: Proxy votes cast
Proxy votes cast 259m proxy votes cast]P 75.23% of the issued share capital Continued strong support – full voting results will be available on our website 18
Slide 19: Thank you for attending the Annual General Meeting
Thank you for attending the Annual General Meeting WEDNESDAY 13 NOVEMBER 2024 19