News release

QinetiQ Group plc

Investor Seminar: Drivers of our sustainable growth

25 October 2023 - QinetiQ Group plc ("QinetiQ" or "the Group") today is hosting a seminar where we will outline our overall strategy and drivers of our sustainable growth.

The defence and security context worldwide has heightened the need for our six distinctive offerings giving significant growth potential within our >£30bn addressable market. We have delivered 9% organic revenue growth over the last four years, over twice the rate of growth in the defence budgets of our three home countries: the UK, US and Australia. Defence budgets are increasing around the world and we expect to continue delivering growth outpacing those budgets, driven by our structural alignment to high priority market segments that are increasing at faster rates.

Based upon our clear strategy and unique set of distinctive offerings, we have a robust plan to grow our company organically to £2.4bn revenue[2] at stable margins, with optionality for strategic acquisitions to reach our £3bn revenue² ambition at 11-12% underlying operating profit margin and ROCE[3] at the upper end of the 15-20% range. We have a clear and robust capital allocation policy and are targeting to maintain a prudent balance sheet with leverage[4] under 1.5x. With capital intensity reducing we expect to see cash flow yields improve over the next few years.

The seminar will be presented at 101 Park Avenue in New York. You are invited to join us from 08:15 EDT to see a selection of our capabilities and products, as well as meet our leadership team. The presentation will start at 09:00 EDT (14:00 BST) and there will be an option to view online if you cannot join us in person. Access to the event is via registration on our website:

https://www.qinetiq.com/en/investors/investor-seminars/key-drivers-of-our-global-growth

A recording of the seminar will be available at www.QinetiQ.com/investors after the event. There will be no new material information disclosed on current trading.

About QinetiQ

QinetiQ is an integrated global defence and security company focused on mission-led innovation. QinetiQ employs more than 8,500 highly-skilled people, committed to creating new ways of protecting what matters most; testing technologies, systems, and processes to make sure they meet operational needs; and enabling customers to deploy new and enhanced capabilities with the assurance they will deliver the performance required. Visit our website www.QinetiQ.com. Follow us on LinkedIn and Twitter @QinetiQ.  Visit our blog www.QinetiQ-blogs.com.

For further information please contact: