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Operating in built environment sectors with inherent sustainability-linked growth drivers

  • Operating in a sector with high levels of sustainability-driven growth
  • Helping customers to mitigate climate change and adapt to its effects
  • Changing regulations provide regulatory tailwinds

 

2–4%

through-cycle outperformance of the UK construction market
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Differentiated, innovative, low-carbon building products and solutions

  • Meeting customers’ evolving needs and helping them to deliver their sustainability targets
  • Moving up the value chain by building end-to-end solutions with better cost of ownership
  • Being the leader in the use of recyclate amongst our European Peers

 

-30%

reduction in scopes 1&2 emissions by 2027; Net-Zero by 2050
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Leading positions across diverse markets, with strong brand recognition

  • A trusted partner for customers, providing a range of products and integrated solutions
  • Number one or two in key market segments, with scope to take further share

 

c.20%

share of £3bn UK served addressable market
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Margin expansion potential, including through GBS, lean initiatives and operating leverage

  • Clear pathway to improve operating margin, through:
    • Business simplification
    • Genuit Business System (GBS) driving operational efficiency
    • Operating leverage as volumes normalise
  • Driving improvement in return on invested capital

 

>20%

operating margin target
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Opportunity to expand solution offering through strategic acquisitions

  • Complementing organic growth with value-accretive bolt on acquisitions
  • Successful mergers and acquisitions (M&A) track-record, reinforced by adoption and implementation of GBS approach

 

>20%

return on invested capital target
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Highly cash-generative business model, with effective capital allocation

  • Successful track record of cash generation
  • Progressive dividend policy, based on dividend cover of 2.0x or greater over the business cycle

 

90%+

cash conversion target