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 [email protected]

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 

The webcast recording and presentation will be made available on the Company's website later today.

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