Origin Enterprises Plc Capital Markets Day (3375Y)
May 08 2019 - 4:00AM
UK Regulatory
TIDMOGN
RNS Number : 3375Y
Origin Enterprises Plc
08 May 2019
Origin Enterprises plc
Origin Enterprises plc hosts its 2019 Capital Markets Day
Sets out five-year ambition
8 May 2019
Origin Enterprises plc ("Origin" or the "Group"), the
agri-services group, is hosting its 2019 Capital Markets Day
("CMD") today at the London Stock Exchange Building in London, UK.
The CMD will run from 10:00 BST to 14:00 BST.
The CMD presentation is available on the Investor Relations
section of the Origin Enterprises website from 10:00 today.
http://www.originenterprises.com/investor-centre/
Over the course of the 2019 Capital Markets Day, the Group will
outline its ambition and strategy to grow Group Operating Profit
substantially by 2023. Origin will also outline a number of
medium-term growth targets which the Group is committed to
delivering over the next five years.
Medium term ambition
Given the strength of the Group's balance sheet, Origin is well
positioned to capitalise on future growth opportunities and deliver
long term sustainable returns to shareholders through a combination
of organic growth and selective M&A.
The five-year ambition which will be outlined at the CMD is as
follows:
Key performance indicator Metric
Five-year average organic Operating Profit
growth (excluding JVs), constant currency,
FY19 to FY23 3% to 4%
------------
Five-year average total Operating Profit
growth (excluding JVs), constant currency,
FY19 to FY23 5% to 9%
------------
Annual return on invested capital 12% to 15%
------------
Annual free cash flow conversion ratio 70% to 100%
------------
Dividends
Origin intends to resume a progressive dividend policy with a
longer-term aim of reducing the payout ratio towards 35%.
ENDS
Enquiries
Origin Enterprises plc
Sean Coyle
Chief Financial Officer Tel: +353 (0)1 563 4959
Brendan Corcoran
Head of Investor Relations
and
Group Planning Tel: +353 (0)1 563 4900
Goodbody (Euronext Growth (Dublin)
Adviser)
Siobhan Wall Tel: +353 (0)1 641 6019
Davy (Nominated Adviser)
Anthony Farrell Tel: +353 (0)1 614 9993
Numis Securities (Stockbroker)
+44 (0)20 7260
Stuart Skinner Tel: 1314
Powerscourt (Financial PR Advisers)
Jack Hickey / Eavan Gannon +353 (0)83 448
(Ireland) Tel: 8339
Rob Greening / Jana Tsiligiannis +44 (0)207 250
(UK) Tel: 1446
About Origin Enterprises plc
Origin Enterprises plc is a focused Agri-Services group
providing specialist on-farm agronomy services, digital
agricultural services and the supply of crop technologies and
inputs. The Group has leading market positions in Ireland, the
United Kingdom, Belgium, Brazil, Poland, Romania and Ukraine.
Origin is listed on the Euronext Growth (Dublin) and AIM markets of
the Irish and London Stock Exchanges.
Euronext Growth (Dublin) ticker symbol: OIZ
AIM ticker symbol: OGN
Website: www.originenterprises.com
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END
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