Essentra plc Capital Markets Event (3744G)
November 15 2022 - 1:00AM
UK Regulatory
TIDMESNT
RNS Number : 3744G
Essentra plc
15 November 2022
ESSENTRA PLC
Capital Markets Event
Accelerating our potential as a pure-play components
business
Essentra PLC ("Essentra" or the "Company"), a leading global
provider of essential components and solutions, is hosting a
Capital Markets Event ("CME") for investors and analysts today.
The CME will be hosted by Scott Fawcett, Components MD and Group
CEO designate, and Jack Clarke, CFO, together with a number of
senior leaders from across the business, who will set out how
Essentra's differentiated business model positions the Company for
growth and market share gain.
The event will launch Essentra's strategy as a pure-play
components business with the Company sharing its vision to be the
world's leading responsible hassle-free supplier of essential
industrial components, with the ambition of doubling revenue and
tripling adjusted operating profits.
Medium-term financial targets:
-- Organic revenue >5% CAGR
-- Total revenue >10% CAGR
-- Adjusted operating margin c.18%
-- Net working capital to sales c.18%
-- Net debt to EBITDA <1.5x
Supported by:
-- A clear strategy to drive market share gains, supported by a
leading market position in a highly fragmented market
-- Margin expansion from scale, operating efficiencies, and pricing initiatives
-- A highly cash generative business with continued focus on working capital management
-- A strong financial framework and balance sheet to pursue value enhancing bolt-on M&A
Scott Fawcett, Components MD and Group CEO designate
commented:
"Essentra has embarked on a journey of major transformation and
we are excited to share the significant opportunity we have to
accelerate our growth as a leading global manufacturer and
distributor of industrial components.
We are well positioned to take market share and have a strong
balance sheet to support investment and value enhancing bolt-on
M&A. Sustainability and digitalisation will continue to be a
source of competitive advantage as we look to expand our margins. I
am confident our strategy will support the delivery of our
medium-term financial targets and will drive significant long-term
value for all of our stakeholders."
The Company will not give an update on current trading
today.
The CME will start at 10:00am GMT and finish at approximately
12:30pm, at Peel Hunt LLP, 7th Floor, 100 Liverpool St, London EC2M
2AT. To attend in person please contact
investorrelations@essentra.com
Anyone wishing to attend the live webcast is encouraged to
register at least 15 minutes before it commences on the company
website:
https://www.essentraplc.com/en/investors/company-information/webcasts-and-presentations
The webcast recording and presentation will be made available on
the Company's website later today.
Enquiries
Essentra plc Tulchan Communications LLP
Claire Goodman, Group Investor Relations Olivia Peters
Manager Lisa Jarrett-Kerr
Jack Clarke, Chief Financial Officer Tel: +44 (0)20 7353 4200
Tel: +44 (0)1908 359100
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END
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