1 Smiths Group plc Annual General Meeting 2015
www.smiths.com investor.relations@smiths.com
Annual General Meeting 17 November 2015
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Annual General Meeting 17 November 2015 please switch off or mute mobile phones and electronic devices investor.relations@smiths.com www.smiths.com 1 Smiths Group plc Annual General Meeting 2015 This document contains certain statements that
1 Smiths Group plc Annual General Meeting 2015
www.smiths.com investor.relations@smiths.com
Annual General Meeting 17 November 2015
please switch off or mute mobile phones and electronic devices
2 Smiths Group plc Annual General Meeting 2015
This document contains certain statements that are forward-looking statements. They appear in a number of places throughout this document and include statements regarding our intentions, beliefs or current expectations and those of
results of operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. By their nature, these statements involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation
undertakes no obligation to update or revise these forward-looking statements. Nothing in this document should be construed as a profit forecast. The Company and its directors accept no liability to third parties in respect of this document save as would arise under English law. This presentation contains brands that are trademarks and are registered and/or otherwise protected in accordance with applicable law.
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Andrew Reynolds Smith Chief Executive
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electrical and electronic engineering
engineering roles in the aerospace, industrial and automotive sectors
Automotive, Land Systems and Powder Metallurgy businesses
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growth
strengths of Smiths Group
leaders, with the opportunity to be the best they can be
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and strategy reviews
EU in first few weeks
c.1000 Smiths colleagues
to take the business to the next level
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Dividend up 2% to 41 pence ROCE up 30 bps at 16.0% Cash conversion strong at 95% Headline EPS up 5% to 86.1p Headline operating profit up 1% Revenue down 2% - challenging conditions in certain markets Margin up 50 bps to 17.6%
8 Smiths Group plc Annual General Meeting 2015 1.89 1.21 1.03 0.71 0.66 0.60 0.54 0.50 0.55 0.86 0.54 0.51 0.30 0.29 0.21 0.22 0.22 0.22
Recordable incident rate trended slightly higher
Recordable incident rate
Environmental metrics
goal period ending in FY2018
reduction
17% reduction
Achieved target Safety Leading Indicator Activity Score
FY15 target
2007 2008 2009 2010 2011 2012 2013 2014 2015
Lost time incident rate
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down 9%
cost controls
Underlying revenue
Underlying headline profit
Headline operating margin
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infusion products – underlying sales up 11%
efficiencies despite increased investment
Underlying revenue
Underlying headline profit
Headline operating margin
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timing and continued tough trading conditions
efficiency gains
Underlying revenue
Underlying headline profit
Headline operating margin
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and some programme slowdowns and delays
telecoms and connectors
initiatives
Smiths Interconnect: Results affected by tough trading and customer cutbacks
Underlying revenue
Underlying headline profit
Headline operating margin
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construction and hoses for aerospace applications
growth and adverse product mix
Flex-Tek: Sustained revenue growth; margins affected by product mix and investment
Underlying revenue
Underlying headline profit
Headline operating margin
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4% compared to the same quarter in the prior year
markets partially offset by relative stability in other core markets
in line with same period last year
remained strong
challenging conditions, our expectations for the full year remain broadly unchanged
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