Morgan Advanced Materials PLC Capital Markets Update
April 24 2024 - 1:00AM
RNS Regulatory News
RNS Number : 7633L
Morgan Advanced Materials PLC
24 April 2024
Press
Release
Morgan
Advanced Materials plc
24 April
2024
Capital Markets Update
"Accelerating growth"
Morgan Advanced Materials plc will hold a
Capital Markets Update this afternoon in London for institutional
investors and analysts.
The update will include presentations by our
senior leadership team, focussing on the acceleration of our growth
as a global manufacturer of advanced carbon and ceramic materials
for complex and technologically demanding
applications.
The presentation will include a detailed
explanation of our recently announced increase in investment into
capacity for the Semiconductor market, as well as on the growth
opportunities in our Core markets.
We will also set out our enhanced financial
framework and re-iterate our capital allocation policy:
|
-
|
Accelerating
Organic Revenue Growth. We expect to be towards
the top of our 4% - 7% p.a. guidance range over the next four years
with the investments we are making
|
|
-
|
Attractive
Margins. 12.5% - 15% adjusted operating profit
margin, with a clear path towards the top end of the range,
underpinned by organic growth and business
simplification
|
|
-
|
Delivering EPS
Growth. Achieving enhanced growth in adjusted
Earnings per Share, ahead of organic revenue growth, driven by a
combination of organic growth, M&A and shareholder
returns
|
|
-
|
Sustaining
ROIC. 17% - 20% ROIC
|
|
-
|
Leverage
Range. 1.0x to 1.5x, or up to 2.0x adjusted
EBITDA post acquisition, utilising our strong balance sheet to fund
our organic growth and incremental M&A
|
The presentation will be made available at
www.morganadvancedmaterials.com at 14:00 today, along with a
recording of the presentation that will be made available following
the event.
No new information on current year trading will
be shared at the event.
For further
enquiries:
|
Pete Raby, CEO
Richard Armitage, CFO
|
Morgan Advanced Materials plc
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01753 837000
|
|
Nina Coad
|
Brunswick
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0207 404 5959
|
Cautionary
Statement
For the
purposes of the following disclaimers, references to this
'presentation' shall be deemed to include references to the
presenters speeches, the question and answer session and any other
related verbal or written communications.
This
presentation contains forward-looking statements. These have been
made by the Directors in good faith based on the information
available to them up to the time of their approval of this report.
The Directors can give no assurance that these expectations will
prove to have been correct. Due to the inherent uncertainties,
including both economic and business risk factors underlying such
forward-looking information, actual results may differ materially
from those expressed or implied by these forward-looking
statements.
The Directors
undertake no obligation to update any forward-looking statements
whether as a result of new information, future events or
otherwise.
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END
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