Annual Report

PIONEERS OF PROGRESS – improving our world through smarter engineering

Smiths Group plc Annual Report FY2021 cover
WELCOME TO OUR FY2021 ANNUAL REPORT

In the Report you can find out more about:

  • Our history and our Purpose
  • The priorities of our new CEO, Paul Keel
  • The value we place on our people
  • Technology and innovation
  • How we are driving sustainability in our business and for our customers
  • Governance and risk management

  • Sir George Buckley
    Chairman’s statement
    RISING TO THE CHALLENGE
    “FY2021 was one of the most eventful years since World War II for Smiths.”
  • Paul Keel
    OUR PURPOSE AND INTRODUCTION FROM OUR NEW CEO, PAUL KEEL
    LONGEVITY, RESILIENCE, PASSION, OPPORTUNITY – AN EXCITING FUTURE FOR SMITHS
    “Our focus now is squarely on acceleration – acceleration of learning, acceleration of growth, and acceleration of value creation.”
FY2021 PERFORMANCE
  • Portfolio strength
    ~90%
    FY2020: 90%
  • Aftermarket & services
    50%
    FY2020: 49%
  • Total Group Vitality Index
    20%
    REVENUE FROM NEW PRODUCTS
    FY2020: 20%
  • Total Group Employee Engagement
    73
    FY2020: 73
  • Total Group Safety RIR
    0.38
    FY2020: 0.30
  • TOTAL GROUP GHG REDUCTION SINCE 2007
    60%
  • Underlying revenue growth
    (2)%
    FY2020: (1)%
  • HEADLINE OPERATING PROFIT MARGIN
    15.5%
    FY2020: 12.8%
  • Total Group ROCE
    13.2%
    FY2020: 11.8%
  • TOTAL GROUP HEADLINE CASH CONVERSION
    125%
    FY2020: 123%
  • Total Group working capital % of sales
    26%
    FY2020: 28%
  • Total Group dividend per share
    37.7p
    FY2020: 35.0p

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