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Why Invest

Wind Farm

01 Structural growth markets

Increasing electronic content and electrification of products and processes drives demand for electrical and electronic components. We focus on five markets with structural, sustainable growth, namely renewable energy, transportation, medical, security, and industrial & connectivity.

Target markets:

Renewable energy, Transportation, Medical, Security, and Industrial & Connectivity

Projected growth of industrial electronics market

5.6% p.a.

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02 High barrier to entry and substitution

Customised electronic solutions based on commercially proven technologies, designed into customers' systems at an early stage. Combined with long product lifecycles, deep engineering expertise and long-standing customer relationships, this results in very low substitution risk and strong customer retention.

Long lasting customer relationships and stable, repeat revenue

>85%

of Group revenue

Longest customer relationship

30+ years

Wind Turbines

03 Proven Strategy for growth

Deliver organic growth well ahead of GDP through the economic cycle by focusing on structural growth markets and an expanding differentiated product offering, complemented by earnings- and margin-enhancing acquisitions. Proven track record of delivering strategic and financial targets.

Group revenue growth of

8% CAGR

FY2021-FY2026

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04 Strong financials

Sustainable, profitable growth and excellent cash generation. The strong balance sheet with a gearing in the range of 1.5x – 2.0x target allows ample headroom for further acquisitions.

Adjusted operating profit growth of

15% CAGR

FY2021-FY2026

Operating cash flow conversion of

>100%

on average FY2016-FY2026

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05 Disciplined capital allocation

A disciplined and consistent capital allocation framework focused on maximising long-term shareholder value. Capital is allocated to support organic investment, complemented by value-enhancing acquisitions that strengthen our technical capabilities and market positions. 

Return on capital employed of

15.3% p.a. on average

FY2021-FY2026

Return on tangible capital employed of

50.6% p.a on average

FY2024-FY2026