Market Sectors - Morgan Advanced Materials
Transcription
Market Sectors - Morgan Advanced Materials
Company Overview The Morgan Crucible Company plc is a world leader in advanced materials with full year 2011 revenue of £1,101 million (£1,017 million in 2010) and underlying operating profit of £141.5 million (£101.6 million in 2010). Listed on the London Stock Exchange, the Morgan Crucible Company plc has two Global Divisions; Morgan Engineered Materials and Morgan Ceramics. The Group employs some 10,000 people around the world with operating sites in 35 countries serving customers in over 100 countries. With over 150 years experience Morgan Crucible is one of the world leaders in advanced materials technology. The Group strives to provide efficient, sustainable and innovative solutions to its customers across the globe. Market Sectors Transportation Energy Security & Defence Industrial Petrochemical FY2011 revenue by destination 1 Europe 34.9% 2 North America 31.4% 3D ynamic Growth Economies 24.1% 4 RoW 9.6% Electronics Healthcare FY2011 revenue by market 1 Industrial 41% 2 Transportation 17% 3 Security & Defence 11% 4 Electronics 11% 5 Petrochemical 8% 6 Energy 8% 7 Healthcare 4% Group strategic priorities -F ocus on higher growth, higher margin, non-economically cyclical markets - Be innovative, differentiated and high value-added to our customers - Be number one or number two in our chosen market segments - Have a culture of operational excellence and cost efficiency - Find, keep and develop the right people Key Events 08 May 2012 Morgan Crucible Annual General Meeting 12:00 BST 24 Jul 2012 Morgan Crucible Half Year Results Announcement 7:00am BST and Results Presentation 9:30am BST www.morgancrucible.com The Morgan Crucible Company plc Registered in England & Wales at Quadrant, 55-57 High Street, Windsor, Berkshire, SL4 1LP UK Company No. 286773 Group financial ambitions by 2013 Three Year Target: Double Group underlying PBT* from £75.7 million to c.£150 million - Double Group underlying PBT from £75.7 million in 2010 to c.£150 million Recovery and organic growth in traditional businesses - Mid-teen underlying operating profit margin Growth in new markets/products eg. Clean Energy, HDD Selective use of value accretive M&A c.£150M c.£75.7M - Improving operating ROCE from c.25% in 2010 to 35% Rapid growth potential in emerging markets Cost of benefits of low cost manufacturing and divisional streamlining 2010 Underlying PBT 2013 Underlying PBT *Underlying PBT is defined as operating profit before amortisation, less net financing costs Underlying Operating Profit % 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% (2.0)% (4.0)% Return on Operating Capital Employed (ROCE) 12.9% 11.4% 11.8% 33.7% 10.0% 8.2% 7.0% 3.8% 25.4% 2.7% 2.0% FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 Revenue (£m) 2011 2010 Underlying operating profit* (£m) Underlying profit before taxation** (£m) Total dividend per share (pence) 141.5 101.6 119.7 75.7 FY2011 2011 2010 1017.1 2011 2010 Underlying earnings per share*** (pence) 1101.0 2011 2010 FY2010 29.9 18.7 2011 2010 9.25 7.70 * Underlying operating profit is defined as operating profit before amortisation of intangible assets. ** Underlying profit before taxation is defined as operating profit before amortisation of intangible *** assets less net financing costs. Underlying earnings per share is defined as basic earnings per share adjusted to exclude amortisation of intangible assets. Main Analysts: The Morgan Crucible Company plc is followed by the analysts listed below. Please note that any opinions, estimates or forecasts made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of The Morgan Crucible Company plc or its management. Arden Partners Bank of America Merrill Lynch Barclays Capital Citi Credit Suisse Goldman Sachs Investec David Larkam Alex Toms Richard Paige Mark Fielding Jonathan Hurn Adam Pinckard Chris Dyett Jefferies JP Morgan Cazenove Peel Hunt Numis Panmure Gordon RBC Capital Partners Andrew Douglas Glen Liddy Thomas Rands Scott Cagehin Oliver Wynne-James Andrew Carter Enquiries concerning our Board of Directors should be directed to our Company Secretarial department. Investor and analyst enquiries should be directed to the Investor Relations department. Our address, contact telephone and fax numbers and appropriate email addresses are below. Email for investors - ir@morganplc.com Email for Company Secretarial department - company.secretarial@morganplc.com Email for EHS enquiries - ehs@morganplc.com Email for media - media@morganplc.com Email for general - info@morganplc.com Telephone +44 (0) 1753 837000 - Fax +44 (0) 1753 850872 www.morgancrucible.com The Morgan Crucible Company plc Registered in England & Wales at Quadrant, 55-57 High Street, Windsor, Berkshire, SL4 1LP UK Company No. 286773