Real-time Estimate
Cboe Europe
06:27:02 2024-05-29 EDT
5-day change
1st Jan Change
338.1
GBX
-0.68%
-1.23%
+4.57%
Rotork : CEO’s Presentation
April 30, 2024 at 11:26 am
Strong delivery of Growth+ strategy
AGM presentation
April 30th 2024
Presented by
Kiet Huynh - Chief Executive Officer
Industrial
Target segments
megatrends
Customer value
Automation
Innovative products
& services
Electrification
Digitalisation
Enabling a sustainable future
2
© 2024 Rotork All Rights Reserved
Growth+ strategy
PURPOSE
Keeping the world flowing for future generations
VISION
To be the leader in intelligent flow control
Target
Customer Value
Innovative
Segments
Products and
Services
Enabling a Sustainable Future
MEGA
TRENDS
Automation
Electrification
Digitalisation
3
© 2024 Rotork All Rights Reserved
Target segments in action
Upstream electrification
Battery value chain
Water infrastructure
Additional opportunities for
Success in battery related mining,
Enabling the transportation and
minerals processing and HVAC in
distribution of potable water to a new
Rotork actuation solutions
cell / pack production
town in the Middle East
Target segments sales represented around 50% and grew 15% YoY OCC
4
© 2024 Rotork All Rights Reserved
Target
Customer
Innovative
Products and
Segments
Value
Services
People
Process
Systems
Seamless customer experience
Best-in-class lead times
End-to-end efficiency
5
© 2024 Rotork All Rights Reserved
Market outlook
Oil & Gas
Customer spend focused on energy security, energy transition, emissions reduction and 'investment catch-up'
Gas and LNG represent close to half of Oil & Gas divisional sales
% of revenue
Oil
CPI
Focus on fast growing end markets and ones where Rotork has been under- represented historically and can win share
% of revenue
Water & Power
Ageing water infrastructure and climate challenges necessitating increased multi-year investment
Positive outlook for power sector emissions related spend. Traditional markets stable
% of revenue
6
© 2024 Rotork All Rights Reserved
Summary
Strong 2023 results
Positive outlook
Healthy opening order book
Growth+ benefits
Expecting a year of progress on an OCC basis
We are committed to delivering mid to high single-digit revenue growth
and mid-20s adjusted operating profit margins over time
7
© 2024 Rotork All Rights Reserved
Our Q1 performance was as we expected
Order intake was good, up low single digits YoY OCC against a strong comparative
Revenues in the 3m grew mid-teens YoY OCC, reflecting the strength of the opening order book
The outlook for our end markets remains positive and our order book gives us good visibility into the second half of the year
Our full year expectations are unchanged and we continue to anticipate 2024 to be another year of progress on an OCC basis
8
© 2024 Rotork All Rights Reserved
Attachments
Original Link
Original Document
Permalink
Disclaimer
Rotork plc published this content on
30 April 2024 and is solely responsible for the information contained therein. Distributed by
Public , unedited and unaltered, on
30 April 2024 15:25:13 UTC .
Spirax names TI Fluid's Cobbold chair following Pike's exit
05:02am
AN
Rotork plc Announces That Tim Cobbold to Step Down as A Director, Effective December 31, 2024
03:30am
CI
Rotork begins buyback of up to GBP50 million in shares
05-17
AN
AstraZeneca target raised; Antofagasta lowered
05-07
AN
JPMorgan Lifts Rotork PT, Keeps Rating at Neutral
05-01
MT
UBS double upgrades AJ Bell to 'buy'
05-01
AN
Rotork plc Announces Board Committee Changes
04-30
CI
Rotork sees another year of progress underpinned by strong order book
04-30
AN
Rotork Posts Higher Q1 Revenue; Affirms FY24 Outlook
04-30
MT
Rotork plc Reports Revenue Results for the First Quarter Period from 1 January to 29 March 2024
04-30
CI
Rotork begins first tranche of GBP50 million share buyback programme
03-21
AN
UK's Rotork Kicks Off GBP50 Million Share Buyback
03-21
MT
What’s happening to the US economy?
03-06
ANALYST RECOMMENDATIONS : Crowdstrike, Target, Antofagasta, Direct Line Insurance, Premier Foods...
03-06
JPMorgan raises IAG; Jefferies likes Experian
03-06
AN
Rotork announces GBP50 million buyback after strong 2023 performance
03-05
AN
Rotork to Seek M&A
03-05
CI
Rotork plc Announces Management Changes
03-05
CI
Transcript : Rotork plc, 2023 Earnings Call, Mar 05, 2024
03-05
UK's Rotork Posts Higher FY23 Attributable Profit; Revenue Jumps
03-05
MT
Earnings Flash (ROR.L) ROTORK Reports FY23 Revenue GBP719.2M
03-05
MT
Earnings Flash (ROR.L) ROTORK Posts FY23 EPS GBX13.20
03-05
MT
Rotork plc announces an Equity Buyback for £50 million worth of its shares.
03-05
CI
Rotork plc Provides Earnings Guidance for 2024
03-05
CI
Rotork plc Reports Earnings Results for the Full Year Ended December 31, 2023
03-05
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Rotork plc is a United Kingdom-based global provider of flow control and instrumentation solutions for the industrial actuation and flow control markets. These include oil and gas, water and wastewater, power, chemical process, and industrial applications. Its segments include Oil & Gas, Chemical, Process & Industrial and Water & Power. The Oil & Gas segment is a supplier of electric critical duty actuators and related services to the global oil and gas sector. The Chemical, Process & Industrial segment is a supplier of specialist actuators and instruments for niche applications in the broad chemical, process industry, and industrial sectors. Water & Power segment supplier of premium actuators, predominantly electric, and gearboxes for applications in the water and power generation sectors. Its products include electric actuators, pneumatic & hydraulic actuators, process control actuators, pneumatic valves & manifolds, services & support, gearboxes & accessories, and control networks.
More about the company
Last Close Price
3.404
GBP
Average target price
3.497
GBP
Spread / Average Target
+2.74%
Consensus
+951% of historical performance
More than 20 years at your side
Our Experts are here for you
OUR EXPERTS ARE HERE FOR YOU
Monday - Friday 9am-12pm / 2pm-6pm GMT + 1