IMI plc (IMI) Q4 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to IMI's 2022 preliminary results presentation. Next slide, please. So this slide covers the key messages from the presentation. And the first thing to say is that it was another strong performance in 2022. There is great momentum in this business, and we delivered 10% revenue growth, and the group order book was up 14%, with the critical order book, a particular highlight, up 18% at the year end. Growth Hub is getting stronger and stronger, creating a customer-led entrepreneurial culture, and it's really helping to drive the better world growth that is right at the heart of our strategy. We delivered 52 million pounds worth of orders from Growth Hub last year, and I'm gonna give you some exciting examples later on. This cultural change is reflected in our customer satisfaction scores. We are now achieving industry leading benchmarks across our company. We completed three acquisitions in the year, all in attractive better world growth markets. Our adjusted operating margin increased by 80 basis points as we make further progress towards achieving our through cycle margin target of 20%. Employee engagement remains a top priority for the Board and for the Exec, and with that I am very proud to report record scores and a significant reduction in health and safety incidents in the year. Finally, I am pleased to report that we are increasing the final dividend by 10%, which reflects the Board's continued confidence in the prospects for this business. Okay, so with that, I'm going to pass over to Dan, please. Thanks, Roy, and good morning, everyone. I'm pleased to be able to take you through our 2022 results today. So next slide. So an overview of revenue and operating profit. First, as Roy already said, really solid results, organicall...