Smiths Group Plc · LSE:SMIN
Smiths — Shareholder Meeting (November 2025)
16 slides from Smiths's shareholder meeting presentation, Nov 19, 2025
Slide 1: Engineering a Better Future
ENGINEERING A BETTER FUTURE SMITHS GROUP PLC ANNUAL GENERAL MEETING WEDNESDAY 19 NOVEMBER 2025
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: FY2025 – strong financial performance; strategic actions underway to maximise value creation
FY2025 – strong financial performance; strategic actions underway to maximise value creation Strong performance, ahead of twice-raised growth guidance, extending our track record of growth and margin expansion Deployed capital in line with our allocation framework, with three value-accretive acquisi
Slide 6: Group FY2025 performance ahead of guidance
Group FY2025 performance ahead of guidance 0.28 Recordable incident rate1 + 8.9% Organic2 revenue growth + 60bps Organic2 operating profit 18.1% ROCE to £3,336m margin expansion to 17.4% + 14.8% 99% £ 121m £ 460m Basic EPS growth Operating cash Acquisitions Cash returned to conversion shareholders G
Slide 7: Smiths Group – Business performance
Smiths Group – Business performance John Crane Flex-Tek Growth constrained by operational challenges; order book supports outlook Solid growth despite challenging US construction market Revenue Operating profit Revenue Operating profit £1,115m +3.0%1 £265m +6.3%1 £837m +4.4%1 £164m (1.6)%1 Energy: +
Slide 8: Progressing plan to focus Smiths as a high-performance industrial engineering company
Progressing plan to focus Smiths as a high-performance industrial engineering company High performance Customer centric with Strong, through- Disciplined capital technologies in flow leading positions in cycle financial track allocation with enhanced management and growing markets record with moment
Slide 9: Progressing separation of Smiths Interconnect and Smiths Detection, with pace and purpose
Progressing separation of Smiths Interconnect and Smiths Detection, with pace and purpose Announcement of FY2025 results with Smiths Sale of Smiths Q1 trading update separation of Interconnect reported as Interconnect to Molex for £1bn share buyback Regulatory approval process, Smiths Interconnect d
Slide 10: Smiths - a focused high-performance industrial engineering company
Smiths - a focused high-performance industrial engineering company VALUE CREATING STRATEGY Focused industrial engineering company BUSINESSES Specialising in high-performance technologies in flow management and thermal solutions John Crane 57% Flex-Tek 43% Clear competitive advantage Leading brands,
Slide 11: Enhanced medium-term targets – reflecting further growth and higher return profile
Enhanced medium-term targets – reflecting further growth and higher return profile Through cycle from FY2027 +M&A 21-23% >20% ~100% +M&A >10% 5-7% Organic revenue EPS growth Operating profit margin ROCE Operating cash growth1 conversion Smiths FY2025 +3.6% n/a 19.6%2 +22.8% 98% Targets support a pre
Slide 12: Strong progress in FY2025
Well positioned to deliver superior value over the medium and long term Strong Growth- 5-7% through cycle 21-23% progress focused Organic revenue growth Operating profit margin in FY2025 - Extending our track Cash ~100% >20% record of consistent generative Operating cash conversion ROCE financial pe
Slide 13: Q&A
smiths Q&A
Slide 14: Poll vote resolutions
Poll vote resolutions 1. Receipt of FY2025 Annual Report 10. Re-election of Richard Howes as a Director 2. Declaration of a final dividend 11. Re-election of Steve Williams as a Director 3. Approval of Directors’ Remuneration Report 12. Re-appointment of KPMG LLP as auditors 4. Election of Julian Fa
Slide 15: Proxy votes cast
Proxy votes cast 240m proxy votes cast 73.83% of the issued share capital Full voting results will be available on our website 15
Slide 16: Thank you for attending the Annual General Meeting
Thank you for attending the Annual General Meeting WEDNESDAY 19 NOVEMBER 2025 16