REG - Morgan Adv.Materials - Capital Markets Update

Morgan Advanced MaterialsAnnouncement

24/04/2024 07:00

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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          Morgan Advanced Materials plc  01753 837000

 Richard Armitage, CFO
 Nina Coad               Brunswick                      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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