REG - Johnson Matthey PLC - Johnson Matthey: PGM Services seminar

Johnson MattheyAnnouncement

27/06/2024 07:00

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RNS Number : 0206U  Johnson Matthey PLC  27 June 2024

Johnson Matthey:

PGM Services seminar

27(th) June 2024

 

 

 Driving long-term sustainable value creation
 Johnson Matthey (JM) is today hosting a PGM Services seminar for investors and
 analysts.

 The seminar will deliver greater insight into the fundamental role of PGM
 Services in enabling JM to help catalyse the net zero transition and drive
 further strong cash generation. We will also provide details of the exciting
 opportunities for growth as new PGM (platinum group metal) applications are
 developed.

 PGMs have been the backbone of JM for over 200 years. Today, underpinned by
 our

world-class R&D capability and PGM expertise, PGM Services is at the heart
 of our business and critical to the successful delivery of our strategy.

 PGM Services is a world leader across the PGM value chain:

 ·             number one secondary refiner of PGMs globally
 ·             largest global liquidity hub for PGMs¹
 ·             leader in developing high value products
 ·             differentiated through a full-service customer offering

 In PGM Services, we are driving sustainable long-term value creation through:
 higher refining volumes, growth in new high value PGM applications, delivering
 efficiencies including in working capital management from our new world-class
 PGM refinery, and lower capital intensity. With more stable PGM prices
 anticipated, we expect this business to deliver at least low single digit CAGR
 in operating profit over the medium to long-term, and strong cash conversion.

 The audio webcast will begin at 13:00 BST and interested parties can register
 for the event through Johnson Matthey's investor relations website:
 https://matthey.com/investors

 ENDS

 

 Enquiries:
 Investor Relations
 Martin Dunwoodie    Director of Investor Relations and Treasury  +44 20 7269 8241

 Louise Curran       Head of Investor Relations                   +44 20 7269 8235

 Chris Wood          Senior Investor Relations Manager            +44 20 7269 8138
 Media
 Sinead Keller       Group External Relations Director            +44 20 7269 8218

 Harry Cameron       Teneo                                        +44 7799 152148

 

 

 Notes:
 1.      Global liquidity hub for PGM sponge (powder).

 Johnson Matthey Plc is listed on the London Stock Exchange (JMAT)
 Registered in England & Wales number: 00033774
 Legal Entity Identifier number: 2138001AVBSD1HSC6Z10

 

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