REG - Essentra plc - Capital Markets Event

EssentraAnnouncement

15/11/2022 07:00

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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
(mailto: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
(https://urldefense.com/v3/__https:/www.essentraplc.com/en/investors/company-information/webcasts-and-presentations__;!!AVV6J0Ej4ps!C5r7dR2WogRzvfLwIt43Tny7TN3LgyWGuYU09Acgf7D-gQsaxzRbnCwQSYRJYkyRIwvE4iuVVfUodjKRIxa3lkdtSBZLMA$)
 

 

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 Manager   Olivia Peters

 Jack Clarke, Chief Financial Officer               Lisa Jarrett-Kerr

 Tel: +44 (0)1908 359100                            Tel: +44 (0)20 7353 4200

 

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